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

Galt Towers Condos

Galt Towers
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our August 2020 / September 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.

 

Search Galt Towers Condos for Sale

 

At the time of writing this Blog there are 7 x Galt Ocean Mile condos for sale here at Galt Towers – 1 of which is a new listing!

There have been 6 sales over the last 12 months and 3 units are pending sale! 

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 $239,900 – $419,000

Median Prices

  • List Price $283,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price $234,000
    -1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $248.00
  • Median Sales to List Price 95%
  • Days on Market 44 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, FL

Galt Towers
Condos for Sale

There are currently 7 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 10 x Galt Towers condos for sale as in our last post for June 2020 / July 2020 

The market analysis report for these 7 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $239,900
Max 2 / 2 1,434 $419,000
Avg 1 / 1 1,077 $301,856
Median 1 / 1 1,047 $283,000

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $301,856 – this being for a 1 bedroom 1 bathroom unit of 1077 square feet with a list price to square foot price of $281.00

We can also see that the median price for Galt Towers condos for sale is $283,000 – this being for a 1 bedroom 1 bathroom unit of 1047 square feet with a list price to square foot price of $292.00

In our last post the median price for Galt Towers condos for sale was $279,000 – this being for a 1 bedroom 1 bathroom unit of 981 square feet with a list price to square foot price of $277.00

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 1,012 $274,900 $278.00
2 / 2 1,392 $379,000 $272.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers Galt Ocean Mile condos for sale is $274,900 – this being for a 1 bedroom 1 bathroom unit of 1012 square feet with a list price to square foot price of $278.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was ever so slightly higher at $274,950 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $294.00
  • 2 Bedroom Galt Towers Galt Ocean Mile condos for sale is $379,000 – this being for a 1 bedroom 1 bathroom unit of 1392 square feet with a list price to square foot price of $272.00 – In our last post the median for 2 Bedroom Galt Towers condos for sale was higher at $384,500 – this being for a 1 bedroom 1 bathroom unit of 1392 square feet with a list price to square foot price of $276.00

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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Search Galt Ocean Mile Condos
View Galt Ocean Mile New Listings

View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 7L
View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive just listed for sale Unit 7L

Galt Towers
New Listings

There has been 1 new listing of a Galt Towers Galt Ocean Mile condos for sale over the last 30 days – this In our last post there was also 1 new listing – Unit 14S a 1 bedroom condo!

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

BEDS / BATHS LA LP$
Unit 7L 1 / 1 1,047 $319,000

We can see from this report that Unit 7L a 1 bedroom condo has just been listed for sale for $319,000 – this 1 bedroom 1 bathroom 1047 square foot unit has a list price to square foot price of $305.00

Unit 7L is an exceptionally unique and beautifully appointed condo with gorgeous ocean views!

This Galt Ocean Mile condo for sale has generously proportioned rooms and spacious living and dining rooms that were designed for intimate or grand entertainment.

Unit 7L has been remodeled throughout and features: all new high quality furniture including a sleeper sofa and new plantation shutters.  The condo has walk in closets, impact door and windows and an extra storage unit.

View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale pending sale Unit 5K
View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive pending sale Unit 5K

Galt Towers
Pending Sales

As at time of writing there are 3 x Galt Tower Galt Ocean Mile condos that are under contract and are pending sale

It is very important to note that this is up from no pending sales as in our last 5 posts!

BEDS / BATHS LA LP$
Unit 5K 1 / 1 850 $379,000
Unit 2C 1 / 1 1,047 $299,000
Unit 1K 0 / 1 450 $249,000

We can see from this report that:

Unit 5K a 1 bedroom Galt Towers condo has just been listed for sale for $379,000 – this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $446.00

This Galt Ocean Mile condo for sale offers beautiful ocean views and is completely remodeled with high end finishes.  The unit features: wood porcelain tiles, marble counter tops, a glass tile back splash, wood kitchen cabinets and high end stainless steel appliances.

Unit 2C a 1 bedroom Galt Towers condo has just been listed for sale for $299,000 – this 1 bedroom 1 bathroom 1047 square foot unit has a list price to square foot price of $286.00

This Galt Ocean Mile condo for sale is “Absolutely Gorgeous” – the unit is fully remodeled and turnkey and offers ocean views from your balcony. The unit features: a kitchen that has a waterfall counter, walk in closets and hurricane impact door and windows!

Unit 1K a Galt Towers Studio has just been listed for sale for $249,000 – this 450 square foot unit has a list price to square foot price of $553.00

This Galt Ocean Mile condo for sale allows you to walk from the unit to the pool directly – no elevators necessary!  This 1st floor fabulous fully furnished studio has impact sliding doors, it’s own patio with a view of the ocean, 12′ high ceilings. crown molding and a kitchen with stainless steel appliances!

View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale sold last 12 months
View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Dr, Ft Lauderdale sold last 12 mths

Galt Towers Condo Sales
Last 12 Months

There have been 6 x Galt Towers Galt Ocean Mile condos sold here in Fort Lauderdale over the last 12 months

Our market summary report for these 6 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 $249,083
Median 1 / 1 850 $234,000

We can see from this report that the average sales price for a Galt Towers condo sold over the last 12 months has been $249,083 – this being for a 1 bedroom 1 bathroom unit of 809 square feet.

We can also see from this report that the median sales price for a Galt Towers condo sold over the last 12 months has been $234,000this being for a 1 bedroom 1 bathroom unit of 850 square feet.

It is also important to note the highest price paid for a Galt Towers Galt Ocean Mile condo over the last 12 months at $360,000 – this being for a 1 bedroom 1 bathroom unit of 1047 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 12 months!

BEDS / BATHS LA SP$ SP$/SqFt
 0 / 1 450 $211,000 $469.00
1 / 1 850 $257,000 $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 
  • 1 Bedroom Galt Towers condos sold has been $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 12 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 12 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 12 months has been $248.00 per square foot

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 95%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Galt Towers over the last 12 months has been 95% 

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 12 months.

DOM
Min 9
Max 265
Avg 86
Median 44

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 44 days or just just over 6 weeks!

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

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 $239,900 – $419,000!

Sales have been soft over the last 6 months no sold  – this in my mind being a direct result of the Coronavirus!

I am pleased to say that buyer activity is now picking up and also that we have 3 units pending sale!

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

Kevin Wirth Realtor