Galt Ocean Mile condos

Galt Ocean Mile Condos

Galt Ocean Mile
Condos for Sale

Galt Ocean Mile offers a superb range of condos for sale.

Condos on Galt Ocean Mile are direct oceanfront units – they are literally set right on the sand.

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Key Statistics for Buyers / Sellers

  • Prices from $141,000 – $6.5 Million
  • Median List Price $499,500
    – 2 Bedroom 2 Bathroom Unit
Stunning ocean and beach views from a Galt Ocean Mile condo for sale in Plaza East
Stunning ocean and beach views from a Galt Ocean Mile condo for sale in Plaza East

Galt Ocean Mile Condos
Prices by Bedroom

Here is our market summary report for Galt Ocean Mile condos for sale by median price / bedroom

Beds/Baths SF/FF List Price LP$/SqFt
0 / 1 482 $195,450 $548
1 / 1 1,080 $310,000 $287
2 / 2 1,649 $525,000 $348
3 / 2 2,260 $949,000 $426

 

We can see from this report that:

  • The median price for Galt Ocean Mile studios for sale is $195,450 – this being for a studio unit of 482 square feet with 1 bathroom – and a list price to square foot price of $548.00 – In our last post the median price for Galt Ocean Mile studios for sale was higher $226,950 – this being for a larger studio unit of 622 square feet with 1 bathroom – and a list price to square foot price of $347.00
  • The median price for Galt Ocean Mile 1 Bedroom condos for sale is $310,000 – this being for a 1 bedroom 1 bathroom condo unit of 1080 square feet with a list price to square foot price of $287.00 – In our last post the median price for Galt Ocean Mile 1 Bedroom condos for sale was lower at $299,450 – this being for a 1 bedroom 1 bathroom condo unit of 1088 square feet with a list price to square foot price of $295.00
  • The median price for Galt Ocean Mile 2 Bedroom condos for sale is $525,000this being for a 2 bedroom 2 bathroom condo unit of 1649 square feet with a list price to square foot price of $348.00 – In our last post the median for Galt Ocean Mile 2 Bedroom condos for sale was considerably lower at $487,000 – this being for a 2 bedroom 2 bathroom condo unit of 1630 square feet with a list price to square foot price of $327.00
  • The median price for Galt Ocean Mile 3 Bedroom condos for sale is $949,500this being for a 3 bedroom 2 bathroom luxury unit of 2260 square feet with a list price to square foot price of $446.00 – In our last post the median for  Galt Ocean Mile 3 Bedroom condos for sale was considerably higher at $994,500 – this being for a 3 bedroom 2 bathroom luxury unit of 2241 square feet with a list price to square foot price of $446.00

Kevin Wirth Fort Lauderdale Realtor

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Kevin Wirth – Realtor
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Galt Ocean Mile Condos
Market Analysis

There are currently 241 Galt Ocean Mile Condos for Sale – which is well up from earlier posts!

This number of units for sale is up from 137 Galt Ocean Mile condos for sale in our last post for December 2015 / January 2016 

Which was up from 124 Galt Ocean Mile condos for sale in our post for November / December 2015 

Which in turn was up from the 109 x Galt Ocean Mile condos for sale in our earlier post for Sept / Oct 2015! 

The market analysis report for these units is presented below.

 $$ Beds/Baths SF/FF List Price
High 6 / 5 7,167 $6,500,000
Low 0 / 1 280 $141,000
Avg 2 / 2 1,666 $661,649
Med 2 / 2 1,600 $499,500


We can see from this report that the most expensive condos currently for sale on Galt Ocean Mile is offered for sale at $6,500,000 – this unit is a Luxury Fort Lauderdale Penthouse Unit in the L’Hermitage

The market analysis report also shows us:

  • That the average price for a Galt Ocean Mile is $661,649 – this being for a 2 bedroom 2 bathroom unit of 1666 square feet
  • The median price for a Galt Ocean Mile condo is $499,500 – this being for a 2 bedroom 2 bathroom unit of 1600 square feet

Note: In our last post the median was $465,900 and in our 3 prior posts the median was $450,000!

Ocean views from one of The Galt Ocean Mile condos for sale in Fort Lauderdale
Ocean views from one of the Galt Ocean Mile condos for sale in Fort Lauderdale

Galt Ocean Mile Condos
Price Analysis

The Price analysis report for Galt Ocean Mile condo is an important tool – this report shows us the inventory or number of condos currently for sale across different price ranges.

The Price Analysis report is presented below.

Price Range Quantity
$149,999 or under 1
$150,000 – $199,999 12
$200,000 – $249,999 8
$250,000 – $299,999 17
$300,000 – $349,999 17
$350,000 – $399,999 27
$400,000 – $449,999 18
$450,000 – $499,999 23
$500,000 – $549,999 12
$550,000 – $599,999 18
$600,000 – $699,999 27
$700,000 – $799,999 10
$800,000 – $899,999 9
$900,000 – $999,999 13
$1,000,000 or over 29
Total 241


We can see from this report that the largest inventory of Galt Ocean Mile condos for sale falls into the $1 Million dollar price range – with 29 units for sale!

The Galt Ocean Mile is famous for its condos and it is really pleasing to see that the 2 pricing ranges with the next largest number of condos for sale are $350,000 – $399,999 and $600,000 – $699,999. 

Both these price ranges have 27 units for sale in each.

Galt Ocean Mile Condos
View of Fort Lauderdale direct oceanfront condos here on Galt Ocean Mile

Galt Ocean Mile
Condos by Bedroom

Here is our guide to Galt Ocean Mile condos for sale by bedroom – we focus in deail on studio units right through to 3 bedrooms units.

Galt Ocean Mile
Studios for Sale

There are currently 8 x studio units currently for sale here on Galt Ocean Mile – this is up from 6 units for sale in our last post!

Here is our market analysis report for Galt Ocean Mile studios currently for sale.

 $$ Beds/Baths SF/FF List Price
High 0 / 1 665 $229,000
Low 0 / 1 280 $154,900
Avg 0 / 1 477. $190,625
Med 0 / 1 482 $195,450

We can see from this report that the:

  • Average price for a Galt Ocean Mile studio currently for sale is $190,625– this being for a unit of 477 square feet with a list price to square foot price of $495.00
  • Median price for a Galt Ocean Mile studio currently for sale is $195,450 this being for a unit of 482 square feet with a list price to square foot price of $548.00

We can also see from this report that the lowest price for a studio for sale is $154,900 and the highest price it $229,000.

Interesting to note is that the smallest studio for sale is just 280 square feet and the largest studio for sale is 665 square feet.

Galt Ocean Mile
1 Bedroom Condos

There are currently 57 x 1 bedroom condos currently for sale here on Galt Ocean Mile – this is well up from 38 units in our last post!

Here is our market analysis report for Galt Ocean Mile 1 bedroom condos currently for sale.

 $$ Beds/Baths SF/FF List Price
High 1 / 2 1,450 $499,900
Low 1 / 1 350 $141,000
Avg 1 / 1 1,058 $309,549
Med 1 / 1 1,080 $310,000

 

We can see from this report that the:

  • Average price for a Galt Ocean Mile 1 bedroom condo currently for sale is $309,549– this being for a 1 bedroom 1 bathroom condo of 1058 square feet with a list price to square foot price of $294.00
  • Median price for a Galt Ocean Mile 1 bedroom condo currently for sale is $310,000 this being for a 1 bedroom 1 bathroom condo of 1080 square feet with a list price to square foot price of $287.00

We can also see from this report that the lowest price for a 1 bedroom condo for sale is $141,000 and the highest price is $499,900.

Interesting to note is that the smallest 1 bedroom condo for sale is just 350 square feet and the largest 1 bedroom condo for sale is a “much larger” 1450 square feet.

Galt Ocean Mile
2 Bedroom Condos

There are currently 119 x 2 Bedroom condos currently for sale here on Galt Ocean Mile – this is well up from 67 units in our last post!

Here is our market analysis report for Galt Ocean Mile 2 bedroom condos currently for sale.

 $$ Beds/Baths SF/FF List Price
High 2 / 2 2,423 $1,450,000
Low 2 / 2 904 $275,000
Avg 2 / 2 1,594 $572,155
Med 2 / 2 1,649 $525,000

 

We can see from this report that the:

  • Average price for a Galt Ocean Mile 2 bedroom condo currently for sale is $572,155– this being for a 2 bedroom 2 bathroom condo of 1594 square feet with a list price to square foot price of $369.00
  • Median price for a Galt Ocean Mile 2 bedroom condo currently for sale is $525,000 this being for a 2 bedroom 2 bathroom condo of 1649 square feet with a list price to square foot price of $348.00

We can also see from this report that the lowest price for a 1 bedroom condo for sale is $275,000 and the highest price is $1,450,000.

The smallest 2 bedroom condo for sale is just 904 square feet and the largest 2 bedroom condo for sale is 2423 square feet.

Galt Ocean Mile
3 Bedroom Condos

There are currently 51 x 3 Bedroom condos currently for sale here on Galt Ocean Mile – this is also well up from 22 units in our last post!

Here is our market analysis report for Galt Ocean Mile 3 bedroom condos currently for sale.

 $$ Beds/Baths SF/FF List Price
High 3 / 4 3,251 $2,299,000
Low 3 / 2 1,490 $365,000
Avg 3 / 2 2,246 $1,081,522
Med 3 / 2 2,260 $949,000

 

We can see from this report that the:

  • Average price for a Galt Ocean Mile 3 bedroom condo currently for sale is $1,081,522– this being for a 3 bedroom 2 bathroom luxury condo of 2246 square feet with a list price to square foot price of $459.00
  • Median price for a Galt Ocean Mile 3 bedroom condo currently for sale is $949,000 this being for a 3 bedroom 2 bathroom luxury condo of 2260 square feet with a list price to square foot price of $429.00

We can also see from this report that the lowest price for a 3 bedroom condo for sale is $365,000 and the highest priced condos for sale is just under $2.3 Million.

Interesting to note is that the smallest 3 bedroom condo for sale is 1490 square feet and the largest 3 bedroom luxury condo for sale is 3251 square feet! 

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Galt Ocean Mile condos for sale are some of the most sought after in all of Fort Lauderdale.  Their location, being set back off A1A and being absolute “direct” oceanfront adding their appeal.

Our inventory on units for sale has really risen dramatically – up by over 120% from Sept / Oct 2015 when there were 109 units for sale to 241 units for sale this month.

This increase in inventory has been accompanied by an increase in median prices – especially in 1 and 2 bedroom units for sale.

I am expecting to see a softening of median prices as we move out of season and especially if inventory levels continue to increase.

I personally foresee that this softening will provide the perfect opportunity for “savvy” buyers to secure some great deals!

I hope you have enjoyed my post on Galt Ocean Mile condos for Sale 

Kevin Wirth Realtor – 954-459-0337