View of Galt Ocean Mile condo here in Fort Lauderdale FL

Galt Ocean Mile Condos Sales Prices Last 6 Months

Galt Ocean Mile Condos
Sales Prices Update
July 2020 – December 2020

In this our January 2021 post we review Galt Ocean Mile condos sales prices over the last 6 months (1st of July 2020 to 31st December 2020) and I share my thoughts on these statistics.

Key Sales Statistics
for Buyers / Sellers

  • 97 Units Sold over the Last 6 Months
  • Sales Prices from $200,000 – $3,715,000

Median Sales Prices

  • Sales Price last 6 Months $533,500 
    -2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $357.00
  • Sales Price to List Price 94%
  • Days on Market 81 Days

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 Galt Ocean Mile condo sold Regency Tower 2020 Kevin Wirth Realtor
View from a Galt Ocean Mile condo sold in Regency Tower in 2020 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 $218,000 $478.00
1 / 1 1,054 $300,000 $294.00
2 / 2 1,575 $507,500 $342.00
3 / 2 2,140 $882,500 $403.00

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 $218,000 – this being for a unit of 450 square feet with a sales price to square foot price of $294.00 – In our last post the median sales price for a studio unit was slightly lower at $213,000 – this being for a larger unit of 600 square feet with a sales price to square foot price of $333.00
  • Galt Ocean Mile 1 bedroom unit sold over the last 6 months has been $300,000 – this being for a 1 bedroom 1 bathroom unit of 1054 square feet with a sales price to square foot price of $294.00 – In our last post the median sales price for a 1 bedroom unit was lower at $280,000 – this being for a 1 bedroom 1 bathroom unit of 1514 square feet with a sales price to square foot price of $349.00
  • Galt Ocean Mile 2 bedroom unit sold over the last 6 months has been $507,500 – this being for a 2 bedroom 2 bathroom unit of 1575 square feet with a sales price to square foot price of $342.00 – In our last post the median sales price for a 2 bedroom unit was higher at $537,500 – this being for a 2 bedroom 2 bathroom unit of 1514 square feet with a sales price to square foot price of $349.00
  • Galt Ocean Mile 3 bedroom unit sold over the last 6 months has been $882,500this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a sales price to square foot price of $403.00 – In our last post the median sales price for a 3 bedroom unit was much higher at $975,000 – this being for a 3 bedroom 2 bathroom unit of 2131 square feet with a sales price to square foot price of $459.00
Galt Ocean Mile condo sales last 6 Months July 2020-December 2020
Number of Galt Ocean Mile condo sales over the last 6 Months July 2020 -December 2020

Galt Ocean Mile
Condo Sales

There have been 160 sales of Galt Ocean Mile condos in Fort Lauderdale over the last 6 months  – this being from the 1st of July 2020 to the 31st of December 2020 – well up from our last post!

In our last post there had been 97 sales of Galt Ocean Mile condos over the preceding 6 months  – this being from the 1st of January 2020 to the 30th of June 2020

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
Jul 2020 12
Aug 2020 26
Sep 2020 18
Oct 2020 34
Nov 2020 37
Dec 2020 33
TOTAL 160

Again it is important to note that sales of Galt Ocean Mile condos had been very slow for the first part of 2020 – in my mind a direct a result of the Covid 19 Virus and many of the buildings on Galt Ocean Mile being closed to Realtors!

Aerial view Galt Ocean Mile condo here on Galt Ocean Drive Fort Lauderdale
Aerial view of Galt Ocean Mile condominiums here on Galt Ocean Drive, Fort Lauderdale, FL

Galt Ocean Mile
Condo Sales Data

Our market analysis report showing the MLS sales data for the 160 Galt Ocean Mile condos sold over the last 6 months is presented below:

BEDS / BATHS LA SP$
Min 0 / 1 450 $167,000
Max 6 / 5 4,938 $4,170,000
Avg 2 / 2 1,587 $644,271
Median 2 / 2 1,500 $473,750

We can see from this report that the median sales price over the last 6 months has been $473,750 – this being for a 2 bedroom 2 bathroom unit of 1500 square feet

In our last post the median sales price over the last 6 months was higher at $489,000 – this being for a 2 bedroom 2 bathroom unit of 1500 square feet

View Galt Ocean Mile condo sold 2020 Southpoint Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condo sold 2020 Southpoint Galt Ocean Drive Fort Lauderdale

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 $169.00
Max $1,184.00
Avg $375.00
Median $347.00

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 $347.00 per square foot – It is also important to note that the median is down slightly from $357.00 as in our last post, $313.00 in our prior post and $321.00 as in our earlier 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 74%
Max 105%
Avg 94%
Median 95%

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 95% – this is the up from 94% as in our last 4 posts!

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 95% of that amount or $475,000.

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 650
Avg 139
Median 109

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 108 days.

More importantly is the median days on market at 109 days  – this is well up from from 81 days as in our last post!

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

I am very pleased to report that sales of Galt Ocean Mile condos over the last 6 months are well up from earlier this year – 160 sales over the last 6 months of 2020 compared to 97 condo sales for the first 6 months of 2020.

The impact of Covid 19 having slowed our market considerably for the first part of 2020.

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 © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.