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

Galt Towers Condos

Galt Towers
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our January 2020 / February 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 6 x Galt Ocean Mile condos for sale here at Galt Towers  – 3 of which are new listings!

There have been 6 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 $284,900 – $419,000

Median Prices

  • List Price $289,500
    – 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 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 6 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 down from 3 x Galt Towers condos for sale as in our last post for November 2019 / December 2019 

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

BEDS / BATHS LA LP$
Min 0 / 1 450 $284,900
Max 2 / 2 1,394 $419,000
Avg 1 / 1 924 $310,483
Median 1 / 1 900 $289,500

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $310,483 – this being for a 1 bedroom 1 bathroom unit of 924 square feet with a list price to square foot price of $381.00

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

In our last post the median price for Galt Towers condos for sale was $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

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
0 / 1 450 $289,000 $642.00
1 / 1 900 $287,500 $341.00
2 / 2 1,394 $419,000 $301.00

We can see from this report that the median price for

  • Galt Towers Galt Ocean Mile Studios for sale is $289,000 – this being for a 450 square foot unit with a list price to square foot price of $642.00 – In our last post there were no Galt Towers Studio units for sale!
  • 1 Bedroom Galt Towers Galt Ocean Mile condos for sale is $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 – In our last post the median for 1 Bedroom Galt Towers condos for sale was higher at $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
  • 2 Bedroom Galt Towers Galt Ocean Mile 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 the median for 2 Bedroom Galt Towers condos for sale was the same 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

Click here to email me now

Search Galt Ocean Mile Condos
View Galt Ocean Mile New Listings

View Galt Towers Galt Ocean Mile studio just listed for sale 4250 Galt Ocean Drive Fort Lauderdale Unit 1K
View Galt Towers Galt Ocean Mile studio just listed for sale 4250 Galt Ocean Drive Unit 1K

Galt Towers
New Listings

There have been 3 new listings of Galt Towers Galt Ocean Mile condos for sale over the last 30 days – this is up from 1 new listing as in our last post – Unit 4B a 2 bedroom 2 bathroom condo.

Our market analysis report for these new listings is presented below:

BEDS / BATHS LA LP$
Unit 3J 1 / 1 850 $295,000
Unit 6K 1 / 1 850 $289,999
Unit 1K 0 / 1 450 $289,000

We can see from this report that:

Unit 3J a 1 bedroom condo has just been listed for sale for $295,000this 1 bedroom 1 bathroom 850 square foot Galt Ocean Mile condo for sale has a list price to square foot price of $347.00 

Unit 3J is “gorgeous” – everything has been renovated.

This Galt Ocean Mile condo features: new hurricane windows and doors, fantastic new 32 inch tile through-out, a new kitchen with Stainless Steel and Granite and a new bathroom  The condo has an ocean view from the patio.

Unit 6K a 1 bedroom condo has just been listed for sale for $289,999 – this 1 bedroom 1 bathroom 850 square foot Galt Ocean Mile condo for sale has a list price to square foot price of $341.00 

Unit 6K is a rarely available South East condo and the unit offers ocean views from all rooms!

This Galt Ocean Mile condo features: Impact windows and door, a large South facing balcony with a stunning ocean view, beautiful modern new tile floors, a refurbished bathroom and kitchen with a new refrigerator, dishwasher, recessed lighting, new paint, new blinds and a new ceiling fan!

Unit 1K a Studio unit has just been listed for sale for $289,000 – this 1 bathroom 450 square foot Galt Ocean Mile condo for sale has a list price to square foot price of $642.00 

Unit 1K allows you to walk from your unit to the pool directly – no elevators necessary – you can stroll out of this apartment to the pool and to the beach / ocean!

This Galt Ocean Mile condo is a 1st floor unit and is offered for sale fully furnished. The studio has impact sliding doors to it’s own patio with a view of the ocean, 12′ high ceiling, Crown molding and a kitchen with stainless steel appliances, quartz counter tops.

View Galt Towers Galt Ocean Mile condos recently sold 4250 Galt Ocean Drive Fort Lauderdale Unit 8M
View Galt Towers Galt Ocean Mile condos recently sold 4250 Galt Ocean Drive Unit 8M

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 2 posts! 

Galt Towers Condos
Sales Last 6 Months

There have been 6 x Galt Towers Galt Ocean Mile condos sold here in Fort Lauderdale over the last 6 months – a mix of Studio and 1 bedroom units!

This is up from 4 x Galt Towers sales over the preceding 6 months as in our last post for November 2019 / December 2019 – all of which were 1 bedroom units!

Our market summary summary 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 unit sold over the last 6 months here in Galt Towers has been $249,083 – 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 $234,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet!

In our last 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!

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 $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 – There had been no Studio units sold in Galt Towers over the preceding 6 months as in our last post! 
  • 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 In our last post the median sales price for 1 bedroom Galt Tower condo units was lower at $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
  • 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 $258.00 per square foot this is down from $258.00 in our last post and $259.00 in our prior 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 95%

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 95% – down from 97% in our last 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 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 – down from 50 days or just under 7 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.

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$
Penthouse F 1 / 1 850 $360,000
Unit 11D 1 / 1 950 $263,000
Unit 8M 1 / 1 1,047 $257,000
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 good range of condos for sale – especially 1 bedroom units with 4 x 1 bedroom units for sale.

Sales have been strong over the last 6 months with 6 units sold.

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

Kevin Wirth Realtor