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 October 2020 / November 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 – 1 of which is a new listing!

There have been 5 sales over the last 6 months and 4 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 $246,000 – $459,000

Median Prices

  • List Price $319,250
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price $265,000
    -1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $286.00
  • Median Sales to List Price 87%
  • Days on Market 160 Days
View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condo Galt Towers 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 slightly from the 7 x Galt Towers condos for sale as in our last post for August 2020 / October 2020 

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

BEDS / BATHS LA LP$
Min 0 / 1 450 $246,000
Max 2 / 2 1,434 $459,000
Avg 1 / 1 1,051 $332,563
Median 1 / 1 1,012 $319,250

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $332,563 – this being for a 1 bedroom 1 bathroom unit of 1051 square feet with a list price to square foot price of $305.00

In our last post the average price for a Galt Ocean Mile condo for sale in Galt Towers was lower at $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 $319,250 – this being for a 1 bedroom 1 bathroom unit of 1012 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 much lower at $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

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
0 / 1 450 $246,000 547.00
1 / 1 950 $270,000 $297.81
2 / 2 1,350 $419,000 $292.19

We can see from this report that the median price for

  • Studio Galt Towers Galt Ocean Mile condos for sale is $246,000 – this being for a 1 bathroom unit of 450 square feet with a list price to square foot price of $547.00 – In our last post there were no Studio units for sale!
  • 1 Bedroom Galt Towers Galt Ocean Mile condos for sale is $270,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $298.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was higher at $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
  • 2 Bedroom Galt Towers Galt Ocean Mile condos for sale is $419,000 – this being for a 1 bedroom 1 bathroom unit of 1350 square feet with a list price to square foot price of $292.00 – In our last post the median for 2 Bedroom Galt Towers condos for sale was $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

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

View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 1M
View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive just listed for sale Unit 1M

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 7L a 1 bedroom condo!

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

BEDS / BATHS LA LP$
Unit 1M 1 / 1 450 $246,000

We can see from this report that Unit 1M a 1 bedroom condo has just been listed for sale for $246,000 – this 1 bedroom 1 bathroom 450 square foot unit has a list price to square foot price of $547.00

Unit 1M is a totally renovated first floor studio with an abundance of natural light and a slider to the patio.

This Galt Ocean Mile condo for sale features: a kitchen with new cabinets, granite countertops, full granite backsplash and new appliances. The unit has neutral tile laid on the diagonal, vinyl impact windows and doors, high hat lighting, new A/C,  a newly renovated bathroom, new electrical, new plumbing and tons of storage.

Unit 1M has a private patio leads to the pool, BBQ area and beach access. 

View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale pending sale Unit 7L
View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive pending sale Unit 7L

Galt Towers
Pending Sales

As at time of writing there are 4 x Galt Tower Galt Ocean Mile condos that are under contract and are pending sale – up from 3 pending sales as in our last post!

BEDS / BATHS LA LP$
Unit 11B 2 / 2 1,394 $419,000
Unit 3H 2 / 2 1,350 $329,000
Unit 14S 1 / 1 1,055 $310,000
Unit 7L 1 / 1 1,047 $299,000

We can see from this report that:

Unit 11B a 2 bedroom Galt Towers condo listed for sale for $419,000 is now pending sale – this 2 bedroom 2 bathroom 1394 square foot unit has a list price to square foot price of $301.00

This Galt Ocean Mile condo for sale is a “Gorgeous” corner with South-East and South-West views, the best of both, ocean and pool views, plus panoramic city views!   

Unit 11 B features: a spacious balcony, open kitchen, walk in closets, and plenty of storage with extra in the building.

Unit 3H a 2 bedroom Galt Towers condo listed for sale for $329,000 is now pending sale – this 2 bedroom 2 bathroom 1350 square foot unit has a list price to square foot price of $244.00

This Galt Ocean Mile condo for sale is ready for your remodel !

Unit 3H is spacious split bedroom is the perfect canvas for a custom unit and offers a partial ocean view from its balcony.

Unit 14S a 1 bedroom Galt Towers condo listed for sale for $310,000 is now pending sale – this 1 bedroom 1 bathroom 1055 square foot unit has a list price to square foot price of $294.00

This Galt Ocean Mile condo for sale is on the 14 floor and is the second unit in from the South corner.

Unit 14S is the largest one bedroom line in the building and has East and West views from balcony.   The condo has Hurricane Impact windows.

Unit 7L a 1 bedroom Galt Towers condo listed for sale for $299,000 is now pending sale – 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 beautifully appointed with gorgeous ocean views.

Unit 7L has been remodeled throughout and features: new plantation shutters, 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 recently sold unit 5K
View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive recently sold unit 5K

Galt Towers Condo 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

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

BEDS / BATHS LA SP$
Min 0 / 1 450 $207,500
Max 1 / 1 1,047 $299,000
Avg 1 / 1 869 $253,100
Median 1 / 1 950 $265,000

We can see from this report that the average sales price for a Galt Towers condo sold over the last 6 months has been $253,100 – this being for a 1 bedroom 1 bathroom unit of 869 square feet.

We can also see from this report that the median sales price for a Galt Towers condo sold over the last 6 months has been $265,000this being for a 1 bedroom 1 bathroom unit of 950 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 $215,000 $478.00
1 / 1 998 $272,000 $247.00

We can see from this report that the median price for

  • Galt Towers Studio condos sold has been $215,000 – this being for a 450 square foot unit with a sales price to square foot price of $478.00 
  • 1 Bedroom Galt Towers condos sold has been $272,000 – this being for a 1 bedroom 1 bathroom unit of 998 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  – Based on MLS data

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 $218.00
Max $478.00
Avg $313.00
Median $286.00

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 $286.00 per square foot

Also note the highest square foot price paid at $478.00!

% 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 74%
Max 100%
Avg 89%
Median 87%

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 6 months has been 87%  down from 95% in our last post!

Based on the median sales price to list price of 87% – we would expect a condo listed for sale for $300,000 to sell for 87% of list price or $261,000 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 1
Max 355
Avg 154
Median 160

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 160 days or just just over 5 months!

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

Galt Towers Condo Sales
Last 6 Months – Itemized

Here is our market summary report for each of the units sold here in Galt Towers Galt Ocean Mile over the last 6 months.

BEDS / BATHS LA SP$
Unit 2C 1 / 1 1,047 $299,000
Unit  5K 1 / 1 850 $279,000
Unit 2P 1 / 1 1,047 $265,000
Unit 1K 0 / 1 450 $215,000
Unit 8C 1 / 1 950 $207,500

We can see from this report that Unit 2C a 1 bedroom Galt Towers condo sold for $299,000this 1 bedroom 1 bathroom 1047 square foot unit was the highest sales in the complex over the last 6 months.

Unit 2C sold for 100% of its list price at $286.00 per square foot and had just 1 day on the market!

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 condo units for sale with a mix of studio, 1 & 2 bedroom units.

Buyer Activity & Sales have really picked up over the last 6 months – with 5 units sold and 4 units now pending sale.

Sales had been very soft earlier this year – this in my mind being a direct result of the Coronavirus!

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

Kevin Wirth Realtor