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

Galt Towers Condos

Galt Towers
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our April 2020 / May 2020 pricing guide for Galt Towers Galt Ocean Mile condos for sale Galt Towers 4250 Galt Ocean Drive, 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 8 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 $249,900 – $350,000

Median Prices

  • List Price $281,450
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price $211,000
    -1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $248.00
  • Median Sales to List Price 96%
  • Days on Market 17 Days
Pool view Galt Towers Galt Ocean Mile condo 4250 Galt Ocean Drive Fort Lauderdale
Pool view Galt Towers Galt Ocean Mile condo 4250 Galt Ocean Drive Fort Lauderdale

Galt Towers
Condos for Sale

There are currently 8 x Galt Towers Galt Ocean Mile condos for sale Fort Lauderdale – a mix of Studio, 1 & 2 bedroom units!

The number of condos for sale is up from 6 x Galt Towers condos for sale as in our last post for January 2020 / February 2020 

The market analysis report for these 8 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $249,900
Max 2 / 2 1,350 $350,000
Avg 1 / 1 982 $294,588
Median 1 / 1 950 $281,450

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $294,588 – this being for a 1 bedroom 1 bathroom unit of 982 square feet with a list price to square foot price of $307.00

We can also see that the median price for Galt Towers condos for sale is $281,450 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $272.00

In our last post the median price for Galt Towers condos for sale was higher at $289,500 – this being for a 1 bedroom 1 bathroom unit of 900 square feet with a list price to square foot price of $341.00

Read Our Last Post on Galt Towers Condos for Sale

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 / 1 950 $279,900 $302.00
2 / 2 1,350 $350,000 $259.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers Galt Ocean Mile condos for sale is $279,900 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $302.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was $287,500 – this being for a 1 bedroom 1 bathroom unit of 900 square feet with a list price to square foot price of $341.00
  • 2 Bedroom Galt Towers Galt Ocean Mile condos for sale is $350,000 – this being for a 1 bedroom 1 bathroom unit of 1350 square feet with a list price to square foot price of $259.00 – In our last post the median for 2 Bedroom Galt Towers condos for sale was higher at $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

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

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View Galt Ocean Mile New Listings

Galt Towers
New Listings

There have been no new listings of Galt Towers Galt Ocean Mile condos for sale over the last 30 days – this is down from 3 new listings 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 the same as in our last 3 posts! 

Galt Towers Condos
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 x Galt Towers sales over the preceding 6 months as in our last post for January 2020 / February 2020

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

BEDS / BATHS LA SP$
Min 0 / 1 450 $192,500
Max 1 / 1 1,047 $360,000
Avg 1 / 1 809 $246,300
Median 1 / 1 850 $211,000

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 $246,300 – this being for a 1 bedroom 1 bathroom unit of 809 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 $211,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet – down from our last 2 posts!

In our prior post the median sales price for a unit sold over the preceding 6 months here in Galt Towers was higher at $234,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet!

In our prior post the median sales price for a unit sold over the preceding 6 months here in Galt Towers was higher at $266,500 – this being for a 1 bedroom 1 bathroom unit of 1,047 square feet!

View 1 Bedroom Galt Towers Galt Ocean Mile condo 4250 Galt Ocean Drive Fort Lauderdale
View 1 Bedroom Galt Towers Galt Ocean Mile condo 4250 Galt Ocean Drive Fort Lauderdale

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 $211,000 $469.00
1 / 1 850 $234,000 $247.00

We can see from this report that the median price for

  • Galt Towers Studio condos sold has been $211,000 – this being for a 450 square foot unit with a sales price to square foot price of $469.00 – This is the same price as Studio units sold in Galt Towers over the preceding 6 months as per our last post! 
  • 1 Bedroom Galt Towers condos sold has been $234,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a sales price too square foot price of $247.00 In our last post the median sales price for 1 bedroom Galt Tower condo units was higher at $257,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a sales price too square foot price of $247.00
  • 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 $226.00
Max $469.00
Avg $323.00
Median $248.00

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 $248.00 per square foot this is down from $258.00 in our last post!

Also note the highest square foot price paid at $469.00!

% 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 98%
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 $300,000 to sell for 96% of list price or $288,000 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 9
Max 265
Avg 89
Median 17

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is just 17 days or just just over 2 weeks

It is important to note that this is well down from 44 days or just under 6 weeks 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.

View Galt Towers Galt Ocean Mile condo 4250 Galt Ocean Drive Fort Lauderdale recently sold Penthouse F
View Galt Towers Galt Ocean Mile condo 4250 Galt Ocean Drive recently sold Penthouse F

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$
PH F 1 / 1 850 $360,000
Unit 8M 1 / 1 1,047 $257,000
Unit 1K  0 / 1 450 $211,000
Unit 9G 1 / 1 850 $211,000
Unit 1J 1 / 1 850 $192,500

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 Penthouse F a 1 bedroom condo which sold for $360,000

Penthouse F was a 1 bedroom 1 bathroom 850 square foot unit – this condo sold for $424.00 per square foot.

The unit had 138 days on market and sold for 98% 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 good range of 1 bedroom condo units for sale with 7 x 1 bedroom units on offer priced from $249,900 – $349,000!

Sales have been strong over the last 6 months with 5 units sold and median days on market at just 17 days!

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

Kevin Wirth Realtor