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

Galt Towers Condos

Galt Towers
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our June 2020 / July 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 10 x Galt Ocean Mile condos for sale here at Galt Towers  

There have been 6 sales over the last 12 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 – $419,000

Median Prices

  • List Price $279,000
    – 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
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 10 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 up from 8 x Galt Towers condos for sale as in our last post for April 2020 / May 2020 

The market analysis report for these 10 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 450 $249,900
Max 2 / 2 1,434 $419,000
Avg 1 / 1 995 $303,070
Median 1 / 1 981 $279,000

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $303,070 – this being for a 1 bedroom 1 bathroom unit of 995 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 $279,000 – this being for a 1 bedroom 1 bathroom unit of 981 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 higher at $281,450 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $327.00

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 $274,950 $294.00
2 / 2 1,392 $384,500 $276.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers Galt Ocean Mile condos for sale is $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 – In our last post the median for 1 Bedroom Galt Towers condos for sale was higher at $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
  • 2 Bedroom Galt Towers Galt Ocean Mile condos for sale is $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 – In our last post the median for 2 Bedroom Galt Towers condos for sale was lower at $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

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 Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale just listed for sale - Unit 14S
View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive just listed for sale – Unit 14S

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 is up from no new listings as in our last post!

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

BEDS / BATHS LA LP$
Unit 14S 1 / 1 1,055 $310,000

We can see from this report that Unit 14S a 1 bedroom condo has just been listed for sale for $310,000 – this 1 bedroom 1 bathroom 1055 square foot unit has a list price to square foot price of $294.00

Unit 14S is a 14 floor condo – in the second stack from South Corner. This stack has the largest one bedroom line in the building.

The unit offers East & West views from its balcony!

This Galt Ocean Mile condo for sale has: Air conditioning, Plenty of outside parking and inside parking can be rented monthly.

The unit has Hurricane windows.

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 4 posts! 

Galt Towers Condos
Sales Last 6 Months

There have been just 2 x Galt Towers Galt Ocean Mile condos sold here in Fort Lauderdale over the last 6 months

This is down from 5 x Galt Towers sales over the preceding 6 months as in our last post for April 2020 / May 2020

Our market summary summary for these 2 sales is presented below:

BEDS / BATHS LA SP$
Unit 1K 0 / 1 450 $211,000
Unit 1J 1 / 1 850 $192,500

We can see from this report that:

Unit 1K a Galt Towers Studio sold for $211,000this 1 bathroom 450 square foot studio had a sales price to square foot price of $469.00.  Unit 1K sold for 92% of its list price and has just 14 days on market!

Unit 1J a Galt Towers 1 bedroom condo sold for $192,500this 1 bedroom 1 bathroom 850 square foot condo had a sales price to square foot price of $226.00.  Unit 1J sold for 97% of its list price and has just 9 days on market!

View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale sold last 12 months!
Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Ft Lauderdale sold last 12 months!

Galt Towers Condos
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 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 12 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 12 months here in Galt Towers has been $234,000 – this being for a 1 bedroom 1 bathroom unit of 850 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 #FB 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:

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 8 x 1 bedroom units on offer priced from $249,900 – $349,000!

Sales have been soft over the last 6 months with just 2 units sold  – this in my mind being a direct result of the Coronavirus!

I am pleased to say that buyer activity is now picking up!

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

Kevin Wirth Realtor