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

Galt Towers Condos

Galt Towers
Galt Ocean Mile Condos
2021 Pricing Guide

Welcome to our December 2020 / January 2021 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 – 1 of which is a new listing!

There have been 10 sales over the last 6 months and 2 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 – $419,000

Median Prices

  • List Price $277,250
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price $294,500
    -1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $281.00
  • Median Sales to List Price 96%
  • Days on Market 80 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

Galt Towers
Condos for Sale

There are currently 6 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 the 8 x Galt Towers condos for sale as in our last post for October 2020 / November 2020 

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

BEDS / BATHS LA LP$
Min 1 / 1 450 $246,000
Max 2 / 2 1,434 $419,000
Avg 1 / 1 927 $306,250
Median 1 / 1 900 $277,250

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $306,250 – this being for a 1 bedroom 1 bathroom unit of 927 square feet with a list price to square foot price of $308.00

In our last post the average price for a Galt Ocean Mile condo for sale in Galt Towers was higher at $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

We can also see that the median price for Galt Towers condos for sale is $277,250 – this being for a 1 bedroom 1 bathroom unit of 900 square feet with a list price to square foot price of $301.00

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

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 / 1 850 $264,500 $311.00
2 / 2 1,434 $419,000 $292.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers Galt Ocean Mile condos for sale is $264,500 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $311.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was higher at $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
  • 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 the same at $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

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

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 1M a 1 bedroom condo!

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

BEDS / BATHS LA LP$
Unit 14K 1 / 1 850 $290,000

We can see from this report that Unit 14K a 1 bedroom condo has just been listed for sale for $290,000 – this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $341.00

Unit 14K offers beautiful ocean views.

This Galt Ocean Mile condo for sale features: a kitchen with new appliances, recessed lighting, and Granite, with beautiful tumble stone backsplash.

The unit’s bathroom has a new cabinet and mirror, and the entire unit was freshly painted. Unit also has hurricane impact windows and patio door.

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, FL

Galt Towers
Pending Sales

As at time of writing there are 2 x Galt Tower Galt Ocean Mile condos that are under contract and are pending sale – this is down from 4 pending sales as in our last post!

Our market analysis report for these units is presented below:

BEDS / BATHS LA LP$
Unit 7C 1 / 1 1,047 $259,000
Unit 7E 1 / 1 1,012 $249,000

We can see from this report that:

Unit 7C a 1 bedroom Galt Towers condo listed for sale for $259,000 is now pending sale – this 1 bedroom 1 bathroom 1047 square foot unit has a list price to square foot price of $247.00

This Galt Ocean Mile condo for sale offers beautiful ocean and city views!

Unit 7C features: a washer and dryer in the condo, a remodeled kitchen, granite counters, laminate flooring, impact door and windows.  The unit has walk in closets and an open balcony. 

Unit 7E a 1 bedroom Galt Towers condo listed for sale for $249,000 is now pending sale – this 1 bedroom 1 bathroom 1012 square foot unit has a list price to square foot price of $246.00

This Galt Ocean Mile condo for sale is an oceanfront condo, in move-in condition, with beautiful ocean views.

Unit 7E is remodeled and features: a new A/C, tile in main areas and carpet in bedroom, crown molding, impact windows & door.  This units stack has the largest balconies in the buildings E stack which runs the entire length of the unit.

View Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive Fort Lauderdale recently sold Unit 11B
Galt Ocean Mile condo Galt Towers 4250 Galt Ocean Drive recently sold Unit 11B

Galt Towers Condo Sales
Last 6 Months

There have been 10 x Galt Towers Galt Ocean Mile condos sold here in Fort Lauderdale over the last 6 months

It is important to note that this is well up from the 5 units sold over the preceding 6 months as in our last post.

Our market summary report for these 10 sales is presented below:

BEDS / BATHS LA SP$
Min 0 / 1 450 $207,500
Max 2 / 2 1,394 $400,000
Avg 1 / 1 1,054 $291,350
Median 1 / 1 1,047 $294,500

We can see from this report that the average sales price for a Galt Towers condo sold over the last 6 months has been $291,350 – this being for a 1 bedroom 1 bathroom unit of 1054 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 $294,500this being for a 1 bedroom 1 bathroom unit of 1047 square feet.

In our last report that the median sales price for a Galt Towers condo sold over the preceding 6 months was lower at $265,000 – this 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 1,047 $284,500 $281.00
2 / 2 1,350 $353,000 $261.00

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 $284,000 – this being for a 1 bedroom 1 bathroom unit of 1047 square feet with a sales price too square foot price of $281.00
  • 2 Bedroom Galt Towers condos sold has been $353,000 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a sales price too square foot price of $261.00

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 $218.00
Max $478.00
Avg $290.00
Median $281.00

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 $281.00 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 92%
Median 96%

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 96%  down well up from from 87% 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 1
Max 355
Avg 124
Median 80

We can see from this report that the median days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 80 days or under 3 months  – this is well down from 160 days or just just over 5 months 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
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 11B 2 / 2 1,394 $400,000
Unit 4B 2 / 2 1,350 $353,000
Unit 3H 2 / 2 1,350 $305,000
Unit 14S 1 / 1 1,055 $300,000
Unit 2C 1 / 1 1,047 $299,000
Unit 7L 1 / 1 1,047 $290,000
Unit 5K 1 / 1 850 $279,000
Unit 10P 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 11B a 2 bedroom Galt Towers condo sold for $400,000this 2 bedroom 2 bathroom 1394 square foot unit was the highest sales in the complex over the last 6 months.

Unit 11B sold for 96% of its list price at $287.00 per square foot and had just 15 days 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 good range of condo units for sale with a mix of 1 & 2 bedroom units.

Buyer Activity & Sales have really picked up over the last 6 months – with 10 units sold and 2 units now pending sale.

Sales had been very slow 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