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

Galt Towers Condos

Galt Towers Galt Ocean Mile
Condos for Sale

Welcome to our July 2019 / August 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 just 3 x Galt Ocean Mile condos for sale here at Galt Towers – all of which are 1 bedroom units! 

There have been 6 sales over the last 6 months – all of these 1 bedroom units!

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 $199,000 – $305,000

Median Prices

  • List Price $260,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price $260,000
    -1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $259.00
  • Median Sales to List Price 95%
  • Days on Market 47 Days
View Galt Ocean Mile condominium Galt Towers 4250 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Galt Towers 4250 Galt Ocean Drive Fort Lauderdale

Galt Towers
Condos for Sale

There are currently 3 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 5 x Galt Towers condos for sale as in our last post for February 2018 / March 2019all of which were also 1 bedroom units for sale!

The market analysis report for these 3 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $199,000
Max 1 / 1 1,047 $305,000
Avg 1 / 1 916 $244,566
Median 1 / 1 850 $229,699

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $244,566 – this being for a 1 bedroom 1 bathroom unit of 916 square feet with a list price to square foot price of $265.00

We can also see that the median price for Galt Towers condos for sale is $229,699 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $270.00

In our last post the median price for Galt Towers condos for sale was a little higher at $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 $305,000!

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!

1 / 1 850 $229,699 $270.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos for sale is $229,699 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $270.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was higher at $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
  • 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

View Galt Ocean Mile condominium Galt Towers 4250 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Galt Towers 4250 Galt Ocean Drive Fort Lauderdale

Galt Towers
New Listings

There have been no new listing of a Galt Towers Galt Ocean Mile condo for sale over the last 30 days – this is down from 1 new listing as in our last post!

Galt Towers
Pending Sales

As at time of writing there are no Galt Tower Galt Ocean Mile condos that are under contract and are pending sale – this is down from 1 unit pending sale as in our last post! 

Galt Towers Condos
Sales Last 6 Months

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

This is up from 4 x Galt Towers sales over the preceding 6 months as in our last post for February 2019 / March 2019

Our market summary summary for these 6 sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 850 $220,000
Max 1 / 1 1,047 $275,000
Avg 1 / 1 949 $254,083
Median 1 / 1 948 $260,000

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 $254,084 – this being for a 1 bedroom 1 bathroom unit of 949 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 $260,000 – this being for a 1 bedroom 1 bathroom unit of 948 square feet!

In our last post the median sales price for a unit sold over the preceding 6 months here in Galt Towers was higher at $275,000 – this being for a 1 bedroom 1 bathroom unit of 1198 square feet!

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!

1 / 1 948 $260,000 $259.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos sold has been $260,000 – this being for a 1 bedroom 1 bathroom unit of 948 square feet with a sales price too square foot price of $259.00 In our last post the median sales price for 1 bedroom Galt Tower condo units was $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
  • The have been no 2 Bedroom Galt Towers condos sold over the last 6 months – In our post the median sales price for 2 bedroom Galt Tower condo units was $345,000 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a sales price too square foot price of $256.00

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 $253.00
Max $300.00
Avg $266.00
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 down from $265.00 in our last 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 92%
Max 99%
Avg 95%
Median 95%

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 95%

The median is up from 93% in our last post!

Based on the median sales price to list price of 95% – we would expect a condo listed for sale for $300,000 to sell for 95% of list price or $285,000 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 5
Max 122
Avg 55
Median 47

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 47 days or just under 7 weekw.

It is important to note that in our last post 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

BEDS / BATHS LA SP$
Unit 7M 1 / 1 1,047 $275,000
Unit 7L 1 / 1 1,047 $270,000
Unit 6M 1 / 1 1,047 $265,000
Unit 6F 1 / 1 850 $255,000
Unit 12G 1 / 1 850 $239,500
Unit 15E 1 / 1 850 $220,000

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 7M a 1 bedroom condo which sold for $275,000

Unit 7M was a 1 bedroom 1 bathroom 1047 square foot unit – this condo sold for $263.00 per square foot.

The unit had 29 days on market and sold for 99% 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 limited range of condos for sale with just 3 x 1 bedroom units on offer.

Sales have been strong over the last 6 months with 6 units sold.

However all of these sales over the last 6 months have also been for 1 bedroom units.

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

Kevin Wirth Realtor