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 November 2019 / December 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 

There have been 4 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 $284,900 – $419,000

Median Prices

  • List Price $369,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price $266,500
    -1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $258.00
  • Median Sales to List Price 97%
  • Days on Market 50 Days
View Galt Ocean Mile condominium Ocean Riviera 4250 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Ocean Riviera 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 – a mix of 1 & 2 bedroom units!

The number of condos for sale is down from 3 x Galt Towers condos for sale as in our last post for July 2019 / August 2019all of which were 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 $284,900
Max 2 / 2 1,394 $419,000
Avg 1 / 1 1,097 $357,633
Median 1 / 1 1,047 $369,000

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $357,633 – this being for a 1 bedroom 1 bathroom unit of 1,097 square feet with a list price to square foot price of $336.00

We can also see that the median price for Galt Towers condos for sale is $369,000 – 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 lower at $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

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 / 1 948 $326,950 $353.00
2 / 2 1,394 $419,000 $301.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos for sale is $326,950 – this being for a 1 bedroom 1 bathroom unit of 948 square feet with a list price to square foot price of $353.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was lower at $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
  • 2 Bedroom Galt Towers condos for sale is $419,000 – this being for a 1 bedroom 1 bathroom unit of 1394 square feet with a list price to square foot price of $301.00 In our last post there were no 2 bedroom units for sale – In the last post when 2 bedroom units were for sale the median for 2 Bedroom Galt Towers condos for sale was lower at $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 condo just listed for sale Ocean Riviera 4250 Galt Ocean Drive Fort Lauderdale 4B
View Galt Ocean Mile condo just listed for sale Ocean Riviera 4250 Galt Ocean Drive Unit 4B

Galt Towers
New Listings

There have been 1 new listing of a Galt Towers Galt Ocean Mile condo for sale over the last 30 days.

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

BEDS / BATHS LA LP$
Unit 4B 2 / 2 1,394 $419,000

We can see from this report that Unit 4B a 2 bedroom condo has just been listed for sale for $419,000this 2 bedroom 2 bathroom 1394 square foot Galt Ocean Mile condo for sale has a list price to square foot price of $301.00 

Unit 4 B is on the South-Side of the building and offers views of the ocean, pool and Intercoastal waterways!

The unit is a remodeled throughout and there is a Washer / Dryer in the unit too.   The condo has Hurricane impact windows, walk in closets and a split bedroom plan.

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 the same as in our last post! 

Galt Towers Condos
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 – all 1 bedroom units!

This is down from 6 x Galt Towers sales over the preceding 6 months as in our last post for July 2019 / August 2019 – all of which were also 1 bedroom units!

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

BEDS / BATHS LA SP$
Min 1 / 1 850 $211,000
Max 1 / 1 1,047 $275,000
Avg 1 / 1 981 $254,750
Median 1 / 1 1,047 $266,500

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 $254,750 – this being for a 1 bedroom 1 bathroom unit of 981 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 $266,500 – this being for a 1 bedroom 1 bathroom unit of 1,047 square feet!

In our last post the median sales price for a unit sold over the preceding 6 months here in Galt Towers was lower at $260,000 – this being for a 1 bedroom 1 bathroom unit of 948 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 1,047 $266,500 $258.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos sold has been $266,500 – this being for a 1 bedroom 1 bathroom unit of 1,047 square feet with a sales price too square foot price of $258.00 In our last post the median sales price for 1 bedroom Galt Tower condo units was $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
  • The have been no 2 Bedroom Galt Towers condos sold over the last 6 months – In the last post when 2 bedroom units were sold 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 $248.00
Max $263.00
Avg $256.00
Median $258.00

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 $258.00 per square foot this is down ever so slightly from $259.00 in our last post!

Also note the highest square foot price paid at $263.00!

% 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 94%
Max 99%
Avg 97%
Median 97%

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 97%

It is important to note that the median is up from 95% in our last post and 93% in our prior 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 6
Max 265
Avg 93
Median 50

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 50 days or just under 7 weeks.

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

View Galt Ocean Mile condo recently sold Ocean Riviera 4250 Galt Ocean Drive Fort Lauderdale Unit 7L
View Galt Ocean Mile condo recently sold Ocean Riviera 4250 Galt Ocean Drive Unit 7L

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 11D 1 / 1 950 $263,000
Unit 9G 1 / 1 850 $211,000

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 very limited range of condos for sale with just 3 units on offer.

Sales have been strong over the last 6 months even given this low inventory with 4 units sold.

Also important to note is the strong increase in list price to sales price – which is up now to 97%!

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

Kevin Wirth Realtor