View of Galt Ocean Mile condominiums including Ocean Riviera from Fort Lauderdale Beach

Galt Ocean Mile Condos

Galt Ocean Mile
Condos Fort Lauderdale

Search Galt Ocean Mile Condos for Sale

In this post we review Galt Ocean Mile condos for sale, new listings, and recent sales.  Then we review this to earlier comparable data and I share my thoughts on these statistics.

Key Statistics
for Buyers / Sellers

  • Prices from $149,900 – $6.5 Million
  • Median List Price $465,450
    – 2 Bedroom 2 Bathroom Unit
    Median Sales Prices
  • Sales Price last 3 Months $411,900
    -2 Bedroom 2 Bathroom Unit
  • Median Sales to List Price 94%
  • Days on Market 81 Days

View from Fort Lauderdale condo for sale here in Southpoint on Galt Ocean Mile
View from condo for sale here in Southpoint on Galt Ocean Mile

Galt Ocean Mile
Condos for Sale

There are currently 166 Galt Ocean Mile Condos for Sale / Direct Oceanfront condos for sale in Zip 33308 

The market analysis report(s) for these units is presented below.

 $$ Beds/Baths SF/FF List Price
High 6 / 5 7,167 $6,500,000
Low 0 / 1 310 $149,900
Avg 2 / 2 1,664 $675,582
Med 2 / 2 1,515 $465,450

 

We can see from this report that the median price across all of the Galt Ocean Mile Condos currently for sale is $465,450.

This is up from our last post for 2014 when the median was $414,900

The median for this post and our last post for 2014 were both for 2 bedroom 2 bathroom condo units.

Square Foot Prices
Condos for Sale

Here is our market summary report showing square foot prices for Fort Lauderdale Condos for sale here on Galt Ocean Mile

 $$ LP$/SqFt
High $1,317
Low $176
Avg $386
Med $315

 

We can see from this report that the average price per square foot for a Galt Ocean Mile condos for sale is $386.00 – per square foot.

We can also see the median sales price to square foot at $315.00

Also note the highest sq ft price at $1,317.00

View from a Galt Ocean Mile condo for sale in The Galleon
View from a Galt Ocean Mile condo for sale in The Galleon

Galt Ocean Mile
Pricing Guide

Here is our pricing guide for Galt Ocean Mile condos – based on bedrooms.

Beds/Baths SF/FF Sale Price SP$/SqFt
0 / 1 600 $175,000 $293
1 / 1 1,080 $275,000 $242
2 / 2 1,649 $425,000 $283
3 / 2 2,109 $785,000 $395

 

We can see from this report the median prices for Galt Ocean Mile condos here in Fort Lauderdale by bedroom – which are for:

  • Studio units a median price of $175,000 – this being for a unit of 600 square feet with a sales price to square foot price of $293.00
  • 1 bedroom 1 bathroom units a median price of $275,000 – this being for a unit of 1080 square feet with a sales price to square foot price of $242.00
  • 2 bedroom 2 bathroom units a median price of $425,000 – this being for a unit of 1649 square feet with a sales price to square foot price of $283.00
  • 3 bedroom 2 bathroom units a median price of $785,000 – this being for a unit of 2109 square feet with a sales price to square foot price of $395.00

Read our Pricing Guide for Fort Lauderdale Condos 

Galt Ocean Mile
New Listings Last 30 Days

There have been 41 new listings for Galt Ocean Mile condos over the last 30 days.

The market analysis report for these new listings is presented below.

 $$ Beds/Baths SF/FF List Price
High 6 / 5 4,218 $2,700,000
Low 1 / 1 650 $169,000
Avg 2 / 2 1,715 $791,929
Med 2 / 2 1,627 $469,000

 

We can see from this report that the median price for a new listing is $469,000 – this being for a 2 bedroom 2 bathroom unit of 1627 square feet.

View from a Galt Ocean Mile condo recently sold in Playa del Mar
View from a Galt Ocean Mile condo recently sold in Playa del Mar

Galt Ocean Mile
Recent Condo Sales

Here are the statistics for recent sales of Galt Ocean Mile condos for the last 90 Days / 3 Months.

$$  Beds/Baths SF/FF Sale Price
High 3 / 3 2,338 $1,425,000
Low 0 / 1 800 $175,000
Avg 2 / 2 1,610 $474,989
Med 2 / 2 1,649 $411,900

 

We can see from this report that the median sales price over the last 90 days has been $411,900this being for a 2 bedroom 2 bathroom unit of 1649 square feet.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Galt Ocean Mile condos sold here in Fort Lauderdale over the last 3 months.

$$  SP$/SqFt
High $635
Low $166
Avg $307
Med $279


We can see from this report that the median sales price to square foot price paid for a Galt Ocean Mile condo sold over the last 3 months has been $279.00 per square foot.

Important to note is the highest price paid at $635.00

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here on Galt Ocean Mile – we can gauge this based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

$$  SP$/LP$
Avg 94%
Med 94%


We can see from this report that both the average and median sales price to list price for a Galt Ocean Mile condo sold in the last 3 months has been 94%

This means if a Fort Lauderdale condo for sale here on Galt Ocean Mile is listed at $400,000 – then based on median sales data the condo would sell for 94% of that amount or $376,000.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this prime direct oceanfront location.

Here is the market analysis report for Days on Market based on condo sales over the last 3 months.

$$  Days on Market
Avg 121
Med 81

 

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale here on Galt Ocean Mile is 121 days

More importantly is the median days on market at just 81 days

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Kevin Wirth Realtor / Real Estate Agent

My Thoughts / Summary

Prices for Galt Ocean Mile condos continue to climb  – with median prices up over $50,000 in less than 6 months!

2 Bedroom units and Luxury Galt Ocean Mile condos priced at $1 Million or more are driving these increases.

Galt Ocean Miles prime direct oceanfront location combined with its walk-ability and access to shops and a supermarket making this location so highly sought after.

I hope you enjoyed this post on Galt Ocean Mile Condos for Sale – Kevin Wirth Realtor

Read our last post of Galt Ocean Mile Condos for Sale