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

Galt Towers Condos

Galt Towers Galt Ocean Mile
Condos for Sale

Welcome to our October 2018 / November 2018 Blog on 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.

 

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At the time of writing this Blog there are 6 x Galt Ocean Mile condos for sale here at Galt Towers 

There have been 5 sales over the last 6 months

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 $229,000 – $305,000

Median Prices

  • List Price $252,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price last 6 Months $285,000
    – 2 Bedroom 2 Bathroom Unit
  • Median Sales Price to Sq Ft Price $249.00
  • Median Sales to List Price 96%
  • Days on Market 40 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 6 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 9 x Galt Towers condos for sale as in our last post for August / September 2018

The market analysis report for these 6 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $229,000
Max 1 / 1 950 $305,000
Avg 1 / 1 900 $259,483
Median 1 / 1 900 $252,450

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $259,483 – this being for a 1 bedroom 1 bathroom unit of 900 square feet with a list price to square foot price of $288.00

We can also see that the median price for Galt Towers condos for sale is $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

It is important to note that the median list prices have been softening and the median is now well down from our last 3 posts!

In our last 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 last 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 prior 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

Pool views Galt Towers condo 4250 Galt Ocean Drive Fort Lauderdale
Superb pool views condo for sale Galt Towers condo 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 / 1 900 $252,450 $282.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos for sale is $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 last post the median for 1 Bedroom Galt Towers condos for sale was higher at $255,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $276.00
  • 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

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View Galt Ocean Mile New Listings

Ocean views Galt Towers condo 4250 Galt Ocean Drive Fort Lauderdale
Beach views from Galt Towers condominium 4250 Galt Ocean Drive Fort Lauderdale

Galt Towers
New Listings

There have been no new listings of Galt Towers Galt Ocean Mile condos for sale here in Galt Towers over the last 30 days

There were 2 x new listings in our last post for August / September 2018 – Unit 3J and Unit 1J – both of these new listings were 1 bedroom units

Galt Towers
Pending Sales

As at time of writing there are no Galt Towers Galt Ocean Mile condos that are under contract and are pending sale.

In our last post for there were also no Galt Tower condos units under contract and pending sale!

Great ocean views from this Galt Towers Galt Ocean Mile condo!
Great ocean views from this Galt Towers Galt Ocean Mile condo!

Condo Sales – Last 6 Months

There have been 5 x Galt Towers Galt Ocean Mile condos sold here in Fort Lauderdale over the last 6 months.

This is down from 6 sales over the preceding 6 months as in our last post for August / September 2018!

Our market summary summary for these 5 sales is presented below:

BEDS / BATHS LA SP$
Min 0 / 1 450 $218,000
Max 2 / 2 1350 $350,000
Avg 2 / 2 1049 $284,200
Median 2 / 2 1198 $285,000

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 $284,200 – this being for a 2 bedroom 2 bathroom unit of 1049 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 $285,000 – this being for a 2 bedroom 2 bathroom unit of 1198 square feet

Given the same number of the sales over the last 6 months – it is 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
1 / 1 1047 $250,000 $239.00
2 / 2 1350 $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 post!
  • 1 Bedroom Galt Towers condos sold has been $250,000 – this being for a 1 bedroom 1 bathroom unit of 1047 square feet with a sales price too square foot price of $239.00 – In our last post the median for 1 Bedroom Galt Towers condos sold was lower at $242,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a sales price too square foot price of $239.00
  • 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 higher at $334,000 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a sales price too square foot price of $259.00

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 $484.00
Avg $298.00
Median $249.00

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 $249.00 per square foot this is down from $255.00 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 95%
Median 96%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Galt Towers  has been 96% – up from 95% in our last post!

Based on the median sales price to list price of 96% – we would expect a condo listed for sale for $270,000 to sell for 96% of list price or $259,200 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 40

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is just 40 days – this is down from 55 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.

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 1350 $350,000
Unit 5H 2 / 2 1350 $318,000
Unit 2T 2 / 2 1350 $285,000
Unit 9N 1 / 1 1047 $250,000
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!

It is 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