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 $150,000 – $6.5 Million
- Median List Price $450,000
– 2 Bedroom 2 Bathroom Unit - Median Sales Price last 90 Days $420,000
– 2 Bedroom 2 Bathroom Unit - Median Sales to List Price 93%
- Days on Market 74 Days – down from June!
Galt Ocean Mile offers a great range of condos with prices starting in the $100,000s price to range to luxury units priced well into the millions of dollars.
Galt Ocean Mile Condos
Prices by Bedroom
Here is our market summary report for Galt Ocean Mile condos for sale by median price / bedroom
| Beds/Baths | SF/FF | List Price | LP$/SqFt |
| 0 / 1 | 310 | $173,450 | $490 |
| 1 / 1 | 1,063 | $299,950 | $289 |
| 2 / 2 | 1,619 | $490,000 | $315 |
| 3 / 2 | 2,450 | $1,250,000 | $599 |
We can see from this report that:
- The median price for Galt Ocean Mile studios for sale is $173,450 – this being for a studio unit of 310 square feet with 1 bathroom – and a list price to square foot price of $490.00
- The median price for Galt Ocean Mile 1 Bedroom condos for sale is $299,950 – this being for a 1 bedroom 1 bathroom condo unit of 1063 square feet with a list price to square foot price of $289.00
- The median price for Galt Ocean Mile 2 Bedroom condos for sale is $490,000 – this being for a 2 bedroom 2 bathroom condo unit of 1619 square feet with a list price to square foot price of $315.00′
- The median price for Galt Ocean Mile 3 Bedroom condos for sale is $1,250,000 – this being for a 3 bedroom 2 bathroom luxury unit of 2450 square feet with a list price to square foot price of $599.00
Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337
Galt Ocean Mile Condos
Market Analysis
There are currently 124 Galt Ocean Mile condos for sale – down from 147 in March 2015.
Important to note is that 124 Galt Ocean Mile condos for sale is also well down from the 194 Galt Ocean Mile condos for sale in February 2014
The market analysis report for these units is presented below.
| $$ | Beds/Baths | SF/FF | List Price |
| High | 6 / 5 | 7,167 | $6,500,000 |
| Low | 0 / 1 | 310 | $150,000 |
| Avg | 2 / 2 | 1,640 | $683,120 |
| Med | 2 / 2 | 1,510 | $450,000 |
We can see from this report that the most expensive condos currently for sale on Galt Ocean Mile is offered for sale at $6,500,000 – this unit is a Luxury Fort Lauderdale Penthouse Unit in the L’Hermitage
The market analysis report shows us:
- That the average price for a Galt Ocean Mile is $683,120 – this being for a 2 bedroom 2 bathroom unit of 1640 square feet
- The median price for a Galt Ocean Mile condo is $450,000 – this being for a 2 bedroom 2 bathroom unit of 1510 square feet
Galt Ocean Mile Condos
Price Analysis
The Price analysis report for Galt Ocean Mile condo is an important tool – this report shows us the inventory or number of condos currently for sale across different price ranges.
The Price Analysis report is presented below.
| Price Range | Quantity |
| $150,000 – $199,999 | 4 |
| $200,000 – $249,999 | 9 |
| $250,000 – $299,999 | 15 |
| $300,000 – $349,999 | 11 |
| $350,000 – $399,999 | 15 |
| $400,000 – $449,999 | 7 |
| $450,000 – $499,999 | 18 |
| $500,000 – $549,999 | 7 |
| $550,000 – $599,999 | 4 |
| $600,000 – $699,999 | 3 |
| $700,000 – $799,999 | 8 |
| $800,000 – $899,999 | 1 |
| $900,000 – $999,999 | 2 |
| $1,000,000 or over | 20 |
| Total | 124 |
We can see from this report that while the largest inventory of Galt Ocean Mile condos for sale falls into the $250,000 – $400,000 prices range(s) with this price range accounting for a total of 41 units for just over 33% of all condos for sale.
The next largest inventory of Galt Ocean Mile condos for sale falls into the $1 Million dollar or more price range – with 20 units for sale.
Galt Ocean Mile
Condo Sales Prices
Here is our pricing guide based on recent sales of ALL Galt Ocean Mile condos over the last 90 Days / 3 months
| $$ | Beds/Baths | SF/FF | Sale Price |
| High | 4 / 4 | 4,050 | $3,650,000 |
| Low | 0 / 1 | 360 | $152,500 |
| Avg | 2 / 2 | 1,726 | $583,590 |
| Med | 2 / 2 | 1,681 | $420,000 |
We can see from this report that the median price for a Galt Ocean Mile condo sold in Fort Lauderdale over the last 3 months has been $420,000 – this being based on a 2 bedroom 2 bathroom unit of 1681 square feet.
Note median price for Galt Ocean Mile condos have increased by $20,000 since June 2015.
In our last update for June 2015 the median price for a Galt Ocean Mile condo sold over the preceding 3 months was $400,000 – this being based on a 2 bedroom 2 bathroom unit of 1641 square feet.
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Galt Ocean Mile condos – based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
| $$ | SP$/LP$ |
| Avg | 92% |
| Med | 93% |
We can see from this report that the average sales price to list price for Galt Ocean Mile condos is 92% – up from 88% in March 2015!
What is important to note however is the median sales price to list price at 93% – which is down slightly from 94% in March 2015!
This means if a Galt Ocean Mile condo for sale is listed at $400,000 – then based on median sales data the condo would sell for 93% of that amount or $372,000.
Days on Market
Days on market for Galt Ocean Mile condos for Sale is an important indicator on how our real estate market is preforming.
Here is the market analysis report for Days on Market based on home sales over the last 90 days.
| $$ | Days on Market |
| Avg | 211 |
| Med | 74 |
We can see from this report that the average days on market for a Galt Ocean Mile condo for Sale is 211 days – which is well up from 74 days earlier this year!
Important to note however is that the median days on market is just 74 days – which is down from 83 days in June!
This is a very positive indiciator and reflects strong, solid demand is for Galt Ocean Mile condos for sale
Days on market is the time from when the home was listed for sale till the home sold AND closed.
I hope you have enjoyed my post on Galt Ocean Mile condos for Sale
Kevin Wirth Realtor – 954-459-0337