View Galt Ocean Mile condo for sale Galt Towers 4250 Galt Ocean Mile Fort Lauderdale

Galt Towers Condos

Galt Towers Galt Ocean Mile
Condos for Sale

Welcome to our February 2019 / March 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 5 x Galt Ocean Mile condos for sale here at Galt Towers – 1 of which is a new listing! 

There have been 4 sales over the last 6 months and 1 units is currently 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 $210,000 – $270,000

Median Prices

  • List Price $240,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $265.00
  • Median Sales to List Price 93%
  • Days on Market 7 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 5 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 up from 4 x Galt Towers condos for sale as in our last post for December 2018 / January 2019all of which were also 1 bedroom units for sale!

The market analysis report for these 5 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $210,000
Max 1 / 1 850 $270,000
Avg 1 / 1 850 $243,360
Median 1 / 1 850 $240,000

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $243,360 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $282.00

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

Note: the highest price for a 1 bedroom unit for sale at $270,000!

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 $240,000 $282.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos for sale is $240,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $282.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was lower at $232,000!
  • There are currently no 2 Bedroom Galt Towers condos for sale In the last post when 2 bedroom units were for sale 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

Galt TowersView Galt Ocean Mile condo just listed for sale Galt Towers 4250 Galt Ocean Drive Fort LauderdaleView Galt Ocean Mile condo just listed for sale Galt Towers 4250 Galt Ocean Drive – # 9GNew Listings

There have been just 1 new listing of a Galt Towers Galt Ocean Mile condo for sale over the last 30 days – this is down from 2 new listings as in our last post!

Our market summary report for this new listing is presented below:

CONDO BEDS / BATHS LA LP$
Unit 9G 1 / 1 850 $239,800

We can see from this report that Unit 9G a 1 bedroom Galt Towers condo has just been listed for sale for $239,800this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $282.00 

Unit 9G is Amazing beachfront unit with ocean & city views! 

This Galt Ocean Mile condo for sale has a huge master bedroom with ocean view!  The condo is semi-remodeled and features: 2 separate A/C units, an Eat-in kitchen, a huge walk in storage/pantry, and plenty of closets throughout.

The bedroom has 3 closets and there is extra storage downstairs.

View Galt Ocean Mile condo pending sale Galt Towers 4250 Galt Ocean Drive Fort Lauderdale - Unit 7L
Great views Galt Ocean Mile condo pending sale Galt Towers 4250 Galt Ocean Drive – # 7L

Galt Towers
Pending Sales

As at time of writing there is 1 x Galt Tower Galt Ocean Mile condo that is under contract and is now pending sale – this is down from 2 units pending sale as in our last post! 

Our market summary report for this unit pending sale is presented below:

CONDO BEDS / BATHS LA LP$
Unit 7L 1 / 1 1,047 $279,000

We can see from this report that Unit 7L a 1 bedroom Galt Towers condo listed for sale for $279,000 is now pending sale – this 1 bedroom 1 bathroom 1,047 square foot unit has a list price to square foot price of $266.00 

Unit 7L is in a very desirable location within the building having unobstructed views!

This Galt Ocean Mile condo for sale is remodeled throughout and features: walk in closets, impact door and windows and plenty of storage with extra storage in the garage.

There is also bike storage. 

View 2 bedroom Galt Ocean Mile condo recently sold Galt Towers 4250 Galt Ocean Drive Fort Lauderdale - Unit 3U
View 2 bedroom Galt Ocean Mile condo recently sold Galt Towers 4250 Galt Ocean Drive # 3U

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 the same number of sales over the preceding 6 months as in our last post for December 2018 / January 2019

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

BEDS / BATHS LA SP$
Min 1 / 1 850 $235,000
Max 2 / 2 1,350 $405,000
Avg 2 / 2 1,149 $297,500
Median 1 / 1 1,198 $275,000

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 $297,500 – this being for a 2 bedroom 2 bathroom unit of 1149 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 $275,000 – This being for a 1 bedroom 1 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
1 / 1 948 $250,000 $265.00
2 / 2 1,350 $345,000 $256.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos sold has been $250,000 – this being for a 1 bedroom 1 bathroom unit of 948 square feet with a sales price too square foot price of $265.00 In the last post there had been no 1 bedroom units sold here in Galt Towers!
  • 2 Bedroom Galt Towers condos sold has been $345,000this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a sales price too square foot price of $256.00 – In our post the median sales price for 1 bedroom Galt Tower condo units 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

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 $300.00
Avg $260.00
Median $265.00

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 $265.00 per square foot this is up from $259.00 in our last post and $249.00 as in our prior post!

Also note the highest square foot price paid at $300.00!

% 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 98%
Avg 93%
Median 93%

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 93%

The median is down from 94% in our last post!

Based on the median sales price to list price of 93% – we would expect a condo listed for sale for $300,000 to sell for 93% of list price or $279,000 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 1
Max 229
Avg 61
Median 7

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is just 7 days or 1 week.

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 3U 2 / 2 1,350 $405,000
Unit 2T 2 / 2 1,350 $285,000
Unit 6M 1 / 1 1,047 $265,000
Unit 9F 1 / 1 850 $235,000

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 3U a 2 bedroom condo which sold for $405,000

Unit 3U was a 2 bedroom 2 bathroom 1350 square foot unit – this condo sold for $300.00 per square foot.

The unit had just 9 days on market and sold for 93% 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 nice range of 1 bedroom condo units for sale here in Galt Towers with 5 x 1 bedroom units up for sale!

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

Kevin Wirth Realtor