View of Galt Ocean Mile condo here in Fort Lauderdale FL

Galt Ocean Mile Condos Sales Oct 2018 – Mar 2019

Galt Ocean Mile
Condos Sales Update

In this our April 2019 post we review recent sales of Galt Ocean Mile condos over the last 6 months (1st of October 2018 to 31st March 2019) and I share my thoughts on these statistics.

Key Sales Statistics
for Buyers / Sellers

  • 128 Units Sold over the Last 6 Months
  • Sales Prices from $168,500 – $4,650,000

Median Sales Prices

  • Sales Price last 6 Months $445,000 
    -2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $324.00
  • Sales Price to List Price 94%
  • Days on Market 89 Days

Important to note sales in March were strong with 27 x Galt Ocean Mile condos sold!

Search Galt Ocean Mile Condos for Sale

In this post we cover median sales prices by bedroom, list price to sales price as well as days on market.

View 2 bedroom Galt Ocean Mile condo recently sold Kevin Wirth Realtor
Look at the view a 2 bedroom Galt Ocean Mile condo recently sold by Kevin Wirth Realtor

Galt Ocean Mile
Prices by Bedroom

Our market summary report(s) for sales of Galt Ocean Mile condos over the last 6 months by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 450 $192,500 $500.00
1 / 1 1,048 $275,000 $284.00
2 / 2 1,624 $525,000 $333.00
3 / 2 2,086 $760,000 $395.00

We can see from this report that the median sales price for a:

  • Galt Ocean Mile studio unit sold over the last 6 months has been $192,500 – this being for a unit of 450 square feet with a sales price to square foot price of $500.00 – In our last post the median sales price for a studio unit was lower at $170,000 – this being for a unit of 450 square feet with a sales price to square foot price of $478.00
  • Galt Ocean Mile 1 bedroom unit sold over the last 6 months has been $275,000 – this being for a 1 bedroom 1 bathroom unit of 1048 square feet with a sales price to square foot price of $284.00 – In our last post the median sales price for a 1 bedroom unit was lower at $270,000 – this being for a 1 bedroom 1 bathroom unit of 1076 square feet with a sales price to square foot price of $278.00
  • Galt Ocean Mile 2 bedroom unit sold over the last 6 months has been $525,000 – this being for a 2 bedroom 2 bathroom unit of 1624 square feet with a sales price to square foot price of $333.00 – In our last post the median sales price for a 2 bedroom unit was lower at $500,000 – this being for a 2 bedroom 2 bathroom unit of 1600 square feet with a sales price to square foot price of $331.00
  • Galt Ocean Mile 3 bedroom unit sold over the last 6 months has been $760,000this being for a 3 bedroom 2 bathroom unit of 2086 square feet with a sales price to square foot price of $395.00 – In our last post the median sales price for a 3 bedroom unit was lower at $720,000 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet with a sales price to square foot price of $390.00
Galt Ocean Mile Sales last 6 Months October 2018 - March 2019
Chart showing Galt Ocean Mile Sales over the last 6 Months – October 2018 – March 2019

Galt Ocean Mile
Condo Sales

There have been 128 sales of Galt Ocean Mile condos in Fort Lauderdale over the last 6 months to the end of February 2019- up from 119 sales as in our last post!

We can from the graph above and the table below the monthly volume of sales for Galt Ocean Mile condos / Oceanfront condos in Zip 33308!

Month Sales, Number of
Oct 2018 22
Nov 2018 20
Dec 2018 25
Jan 2019 16
Feb 2019 18
Mar 2019 27
TOTAL 128

Again it is important to note that sales are well up in March reflecting the beginning of our “Sales Season” here on Galt Ocean Mile!

View Galt Ocean Mile Fort Lauderdale
View of our famous Galt Ocean Mile here in Fort Lauderdale, Florida

Galt Ocean Mile
Condo Sales Data

Our market analysis report showing the MLS sales data for the 128 Galt Ocean Mile condos sold over the last 6 months is presented below:

BEDS / BATHS LA SP$
Min 0 / 1 310 $168,500
Max 4 / 5 4,542 $4,650,000
Avg 2 / 2 1,424 $537,840
Median 2 / 2 1,435 $445,000

We can see from this report that the median sales price over the last 6 months has been $445,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet – The median is up a little from our last post!

In our last post the median sales price over the last 6 months was higher at $440,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Galt Ocean Mile condos / Zip 33308 oceanfront condos sold here in Fort Lauderdale over the last 6 months.

SP$/SqFt
Min $174.00
Max $1,024.00
Avg $348.00
Median $324.00

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 6 months has been $324.00 per square foot – down from our last posts!

It is important to note that this is up from $310.00 as in our last post!

% Sales to List Price

An important real estate indicator is how much buyers are paying for Galt Ocean Mile condos based on sales price to list price!

The market analysis report for this is presented below

SP$/LP$
Min 76%
Max 102%
Avg 93%
Median 94%

We can see from this report that the median sales price to list price for a Galt Ocean Mile condos sold  over the last 6 months has been 94% – the same as in our last post!

This means if a Fort Lauderdale condo for sale here on Galt Ocean Mile is listed at $500,000 – then based on median sales data the condo would sell for 94% of that amount or $470,000.

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 6 months.

DOM
Min 1
Max 647
Avg 112
Median 89

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 112 days or just under 4 months.

More importantly is the median days on market at 89 days or just under 3 months a good indicator of demand!

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

It is great to see a good level of sales for Galt Ocean Mile condos sold over the last 6 months especially in December 2018 – which can be slow.

As we are now in “Season” – and I am sure our next report will show some good sales numbers!

I hope you enjoyed this report on Galt Ocean Mile Condos for Sale – Kevin Wirth P.A. Realtor

Read our last post of Galt Ocean Mile Condo Sales

This statistical report on comparable Luxury Galt Ocean Mile condos includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market.  This report is based on information which is the © 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.