View Galt Tower 4250 Galt Ocean Drive Fort Lauderdale condo for sale

Galt Towers Condos

Galt Towers Galt Ocean Mile
Condos for Sale

Welcome to our December 2018 / January 2019 Blog and Pricing Guide for Galt Towers Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

Fort Lauderdale condos for sale here in Galt Towers offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

 

Search Galt Towers Condos for Sale

 

At the time of writing this Blog there are 4 x Galt Ocean Mile condos for sale here at Galt Towers – 2 of which are new listings! 

There have been 4 sales over the last 6 months and 2 units are pending sale!

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales price to list price %) as well as the highest prices paid over the last 6 months! 

We also compare recent sales trends in Galt Towers – Important information for both buyers and sellers!

Galt Towers
Galt Ocean Mile – Key Statistics
Galt Towers Condominium complex in Fort Lauderdale, Florida
Address: 4250 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $199,990 – $289,000

Median Prices

  • List Price $232,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price last 6 Months $301,500
    – 2 Bedroom 2 Bathroom Unit
  • Median Sales Price to Sq Ft Price $259.00
  • Median Sales to List Price 94%
  • Days on Market 30 Days
View Galt Tower 4250 Galt Ocean Drive Fort Lauderdale Florida
View Galt Tower 4250 Galt Ocean Drive Fort Lauderdale Florida

Galt Towers
Condos for Sale

There are currently 4 x Galt Towers Galt Ocean Mile condos for sale Fort Lauderdale – all of which are 1 bedroom units!

The number of condos for sale is down from 6 x Galt Towers condos for sale as in our last post for October / November 2018all of which were also 1 bedroom units for sale!

The market analysis report for these 4 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $199,990
Max 1 / 1 850 $289,000
Avg 1 / 1 850 $238,248
Median 1 / 1 850 $232,000

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $238,248 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $280.00

We can also see that the median price for Galt Towers condos for sale is $232,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $273.00

It is important to note that the median list prices have been softening and the median is now well down from our last 4 posts!

In our last post for October / November 2018 the median price for Galt Towers condos for sale was $252,450 – this being for a 1 bedroom 1 bathroom unit of 900 square feet with a list price to square foot price of $282.00

In our prior post for August / September 2018 the median price for Galt Towers condos for sale was $269,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $276.00

In our earlier post for June / July 2018 the median price for Galt Towers condos for sale was $295,000 – this being for a 1 bedroom 1 bathroom unit of 998 square feet with a list price to square foot price of $301.00

In our post for April / May 2018 the median price for Galt Towers condos for sale was $329,440 – this being for a 1 bedroom 1 bathroom unit of 1350 square feet with a list price to square foot price of $296.00

Read Our Last Post on Galt Towers Condos for Sale

View Sun deck Galt Towers condominium Galt Ocean Mile 4250 Galt Ocean Drive Fort Lauderdale.
Sun deck Galt Towers condominium Galt Ocean Mile 4250 Galt Ocean Drive Fort Lauderdale

Galt Towers Condos
Prices by Bedroom

Here is our market summary report showing the median list prices for Galt Towers Galt Ocean Mile condos for sale by bedroom!

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 850 $232,000 $273.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos for sale is $232,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $273.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was higher at $252,450 – this being for a 1 bedroom 1 bathroom unit of 900 square feet with a list price to square foot price of $282.00
  • There are currently no 2 Bedroom Galt Towers condos for sale In our last post however the median for 2 Bedroom Galt Towers condos for sale was $388,940 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a list price to square foot price of $288.00

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337

Email: kevinsellsmore@gmail.com

Click here to email me now

Search Galt Ocean Mile Condos
View Galt Ocean Mile New Listings

View Galt Towers 4250 Galt Ocean Drive condo just listed for sale - Unit 15E
View Galt Towers 4250 Galt Ocean Drive condo just listed for sale – Unit 15E

Galt Towers
New Listings

There have been 2 new listings of Galt Towers Galt Ocean Mile condos for sale here in Galt Towers over the last 30 days – this is up from no new listings as in our last post!

Our market summary report for these 2 new listings is presented below:

CONDO BEDS / BATHS LA LP$
Unit 6F 1 / 1 850 $289,000
Unit 15E 1 / 1 850 $245,000

We can see from this report that:

Unit 6F a 1 bedroom Galt Towers condo has just been listed for sale for $289,000this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $340.00 

Unit 6F is a South facing unit with an ocean view.

This Galt Ocean Mile condo for sale has a renovated kitchen with white cabinets and lots of storage.  The unit features: a large master bedroom with two walk-in closets, tile flooring throughout, hurricane windows and a large balcony.

Unit 15E a 1 bedroom Galt Towers condo has just been listed for sale for $245,000this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $288.00

Unit 15E is a South facing unit with an ocean view.

This Galt Ocean Mile condo for sale has both ocean and Intracoastal views. This unit features: the largest balcony in the building, two walk in closets in the bedroom and hurricane windows and shutters. 

View Galt Towers 4250 Galt Ocean Drive Fort Lauderdale condo pending sale - Unit 9F
View Galt Towers 4250 Galt Ocean Drive Fort Lauderdale condo pending sale – Unit 9F

Galt Towers
Pending Sales

As at time of writing there are 2 x Galt Towers Galt Ocean Mile condos that are under contract and are pending sale – this is up from no units pending sale as in our last post 

Our market summary report for these 2 units pending sale is presented below:

CONDO BEDS / BATHS LA LP$
Unit 3U 2 / 2 1,350 $435,000
Unit 9F 1 / 1 850 $239,900

We can see from this report that:

Unit 3U a 2 bedroom Galt Towers condo listed for sale for $435,000 is now pending sale – this 2 bedroom 2 bathroom 1,350 square foot unit has a list price to square foot price of $322.00 

Unit 3U is a rarely available and highly sort after, direct oceanfront Southeast corner condo!

This Galt Ocean Mile condo for sale is remodeled with Stainless Steel appliances.

The unit features: a California closet in master, a large sized stack-able washer and dryer in unit.  One bedroom currently being used as den / guest room, can easily be changed back. 

Unit 9F a 1 bedroom Galt Towers condo listed for sale for $239,900 is now pending sale – this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $282.00 

Unit 9F offers a view of beach and a view of city!

This Galt Ocean Mile condo for sale has is spacious and features a large eat in kitchen.

Great ocean views from this Galt Towers Galt Ocean Mile condo!
Look at the great ocean views from this Galt Towers Galt Ocean Mile condo – Stunning!

Condo Sales – Last 6 Months

There have been 4 x Galt Towers Galt Ocean Mile condos sold here in Fort Lauderdale over the last 6 months.

This is down from 5 sales over the preceding 6 months as in our last post for October / November 2018!

Our market summary summary for these 4 sales is presented below:

BEDS / BATHS LA SP$
Min 0 / 1 450 $218,000
Max 2 / 2 1,350 $350,000
Avg 2 / 2 1,050 $292,750
Median 2 / 2 1,350 $301,500

We can see from this report that the average sales price for a unit sold over the last 6 months here in Galt Towers has been $292,750 – this being for a 2 bedroom 2 bathroom unit of 1050 square feet

We can also that the median sales price for a unit sold over the last 6 months here in Galt Towers has been $301,500 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet

In our last post the median sales price for a unit sold over the preceding 6 months in Galt Towers was lower at $285,000 – this being for a 2 bedroom 2 bathroom unit of 1198 square feet

Given the lower number of the sales over the last 6 months – it is also useful to look at median sales prices by bedroom!

View Galt Ocean Mile condo recently sold Galt Towers - Unit 6A
Look at the views from this Galt Ocean Mile condo recently sold in Galt Towers – Unit 6A

Galt Towers Condos
Sales Prices by Bedroom

Here is our market summary report showing the median sales prices for Galt Towers Galt Ocean Mile condos sold over the last 6 months!

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 450 $218,000 $484.00
2 / 2 1,350 $318,000 $235.00

We can see from this report that the median price for

  • Galt Tower Studio units sold has been $218,000 – this being for a 1 bathroom unit of 450 square feet with a sales price too square foot price of $484.00 – This is the same as in our last 2 posts!
  • There have been no 1 Bedroom Galt Towers condos sold over the last 6 months In our last post the median for 1 Bedroom Galt Towers condos sold was $318,000 – this being for a 1 bedroom 1 bathroom unit of 1350 square feet with a sales price too square foot price of $235.00
  • 2 Bedroom Galt Towers condos sold has been $318,000this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a sales price too square foot price of $235.00 – In our last post the median for 2 Bedroom Galt Towers condos sold was the same!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Oceanfront condos sold in Galt Towers over the last 6 months.

SP$/SqFt
Min $211.00
Max $484.00
Avg $318.00
Median $259.00

We can see from this report that the median sales price to square foot price paid for a Galt Towers condo sold over the last 6 months has been $259.00 per square foot this is up from $249.00 as in our last 2 posts!

Also note the highest square foot price paid at $484.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Galt Towers Galt Ocean Mile condos for sale – 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$/LP$
Min 87%
Max 104%
Avg 94%
Median 94%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Galt Towers  has been 94%

The median is down from 96% in our last post and 95% in our prior post!

Based on the median sales price to list price of 94% – we would expect a condo listed for sale for $300,000 to sell for 94% of list price or $282,000 based on MLS data!

Days on Market

Days on market for Galt Towers Galt Ocean Mile condos for sale is an important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 11
Max 229
Avg 75
Median 30

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is just 30 days or 1 month.

It is important to note that this is down from 40 days as in our last post and 55 days as in our prior post!

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

Galt Towers
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Galt Towers

CONDO BEDS / BATHS LA SP$
Unit 6A 2 / 2 1,350 $350,000
Unit 5H 2 / 2 1,350 $318,000
Unit 2T 2 / 2 1,350 $285,000
Unit 1K 0 / 1 450 $218,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 6A a 2 bedroom condo which sold for $350,000

Unit 6A was a 2 bedroom 2 bathroom 1350 square foot unit – this condo sold for $259.00 per square foot.

The unit had 40 days on market and sold for 96% of list price!

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

Galt Towers Galt Ocean Mile condos are units set in a fine mid century complex right on the beach here on Galt Mile Fort Lauderdale.

We currently have a great range of 1 bedroom condo units for sale!

Sales activity is on the rise with 2 units pending sale – a good sign as we move into Season!

It is also important to note that median prices over the last 6-8 months have been softening both in list prices and in sales prices making now the perfect for buyers!

I hope you have enjoyed this post on condos for sale here in Galt Towers Fort Lauderdale

Kevin Wirth Realtor