Lovely ocean views from this Galt Ocean Mile condo in Galt Towers

Galt Towers Condos

Galt Towers
Fort Lauderdale

Welcome to our May / June 2015 Blog on Galt Towers Condos for Sale here on Galt Ocean Mile / Fort Lauderdale

Search Galt Towers Condos for Sale

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

At the time of writing this Blog there are 7 condos for sale here at Galt Towers – of which 4 units are new listings.

There have been 6 recent 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 to 2014 sales. Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Prices from $234,900 – $399,000

Median Prices

  • Median List Price $269,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price last 6 Months $252,750
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales to List Price 92%
  • Days on Market 43 Days
View from the sun deck here at Galt Towers Fort Lauderdale
View from the sun deck here at Galt Towers Fort Lauderdale

Galt Towers
Condos for Sale

The market analysis report for Galt Towers Condos for sale Fort Lauderdale is presented below.

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,350 $399,000
Low 1 / 1 850 $234,900
Avg 1 / 1 1,032 $282,543
Med 1 / 1 998 $269,000

 

This report shows us that the median price for a condo for sale here in Galt Towers is $269,000 – this being for a 1 bedroom 1 bathroom unit of 998 square feet 

In our earlier report for March / April the median price for a condo for sale here in Galt Towers was also $269,000 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet

Read Our Last Post on Galt Towers Condos for Sale

Kevin Wirth Fort Lauderdale Realtor

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Kevin Wirth – Realtor
954-459-0337

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View Galt Ocean Mile New Listings

Galt Towers
New Listings

There have been 4 new listings in Galt Towers in the last 30 days.

The market analysis report for these units is presented below

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,350 $399,000
Low 1 / 1 850 $259,900
Avg 1 / 1 1,073 $304,225
Med 1 / 1 1,047 $279,000

 

We can see from this report that the median  price for a new listing here in Galt Tower is $279,000 this being for a 1 bedroom 1 bathroom unit.

Important to note is that a 2 bedroom 2 bathroom unit has also been listed for sale – this is the only 2 bedroom unit for sale in the complex.

This condo is offered for sale for $399,000.

Galt Towers
Pending Sales

As at time of writing there are no Fort Lauderdale condo for sale here in Galt Towers that are pending sale.

View of Galt Towers condominium here on Galt Ocean Mile
View of Galt Towers on Galt Ocean Mile

Galt Towers
Condo Sales – Last 6 Months

Here is the market summary report for the 6 x Fort Lauderdale condos sold here in Galt Towers over the last 6 months.

 $$ Beds/Baths SF/FF Sale Price
High 2 / 2 1,378 $315,000
Low 1 / 1 1,005 $212,000
Avg 1 / 1 1,195 $263,500
Med 1 / 1 1,198 $252,750


We can see from this report that the median price paid for a unit here in Galt Towers over the last 6 months has been $252,750 –
this being for a 1 bedroom 1 bathroom unit of  1198 square feet.

In our last post for March / April the median price paid for a unit sold here in Galt Towers over the preceding 6 months was $250,000 – this being for a 2 bedroom 2 bathroom unit of  1350 square feet.

 

Square Foot Prices
Condos Sold

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

 $$ SP$/SqFt
High $237
Low $191
Avg $217
Med $220

 

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 $220.00 per square foot – up from $211.00 in our last post!

Important to note is the highest price paid at $237.00

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Fort Lauderdale Condos for sale here in Galt Towers – 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$/LP$
Avg 77%
Med 92%

 

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Galt Towers  has been 92%

This means if a Fort Lauderdale condo for sale here in Galt Towers is listed at $300,000 – then based on median sales data the condo would sell for 92% of that amount or $276,000 – based on MLS data

Days on Market

Days on market for Condos for Sale in Galt Towers 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.

 $$ Days on Market
Avg 114
Med 43

 

We can see from this report that the average days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 114 days – or just under 4 months!

More importantly however is the median days on market at 43 days 

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

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

Again as I reported in our last two posts there has been a softening of sales prices over the last few months for units here in Galt Towers.

Median prices at $220.00 per square foot are still soft compared to $247.00 for sales for all of 2014 

We can see both the average and median square foot prices for all sales in 2014 below.

 $$ SP$/SqFt
Avg $241
Med $247

 

This is reflective of some of the units that have recently sold and their location in the building (their stack) and also their condition.

Again I am confident however that as 2015 unfolds median sales prices per square foot will surpass those set in 2014.

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

Kevin Wirth Realtor