View of Fort Lauderdale Oceanfront Condos

July / Aug 2019 Condo Pricing Guide

Fort Lauderdale
Condos Pricing Guide

Here is our July 2019 / August 2019 condo pricing guide for Fort Lauderdale condos recently sold – this being based on median sales prices for all condos sold over the last 60 days here in Broward County.

BEDS / BATHS LA SP$
ALL 2 / 2 1,130 $180,000
Waterfront 2 / 2 1,162 $215,000
Oceanfront 2 / 2 1,200 $380,000
Galt Ocean 2 / 2 1,280 $430,000
Luxury 3 / 2 1,948 $732,500

We can see from this report how the median sales price is $180,000 for ALL Fort Lauderdale condos sold over the last 60 days – This is up from $170,000 as in our last post for May / June 2019! 

We can also see how the median sales price changes across different condo “categories” all the way up-to the median sales price of $732,500 for luxury Fort Lauderdale condos.

It is important to note that:

  • Median sales prices for Waterfront and Luxury condos sold over the last 60 days are both up!
  • Median sales price for Galt Ocean Mile condos are also up – however median sales prices for Oceanfront condos continue to soften!

View 2 bedroom Fort Lauderdale oceanfront condo recently sold Hallandale Beach
View 2 bedroom Fort Lauderdale oceanfront condo recently sold Hallandale Beach

Our summary report above shows us that over the last 60 days: 

  • Fort Lauderdale Waterfront condos have had median sales price of $215,000 – this being for a 2 bedroom 2 bathroom unit of 1162 sq ft – In our last post the median sales price for waterfront condos was $10,000 lower at $205,000 – this being for a 2 bedroom 2 bathroom unit of 1170 sq ft
  • Fort Lauderdale Oceanfront condos have had a median sales price of $380,000 – this being for a 2 bedroom 2 bathroom unit of 1200 sq ft – In our last post the median sales price for oceanfront condos was over $37,000 higher at $417,250 – this being for a larger 2 bedroom 2 bathroom unit of 1340 sq ft
  • Galt Ocean Mile “direct oceanfront” condos have had a median sales price of $430,000 – this being for a 2 bedroom 2 bathroom unit of 1420 sq ft – In our last post the median sales price for Galt Ocean Mile condos was $7,500 lower at $422,500 – this being for a smaller 2 bedroom 2 bathroom unit of 1280 sq ft
  • Fort Lauderdale Luxury condos have had a median sales price of $732,500 – this being for a 3 bedroom 2 bathroom unit of 1948 sq ft – In our last post the median sales price for luxury condos was was over $17,000 lower at $715,000 – this being for a slightly larger 3 bedroom 2 bathroom unit of 2016 sq ft

In this months post I also review recent sales for Fort Lauderdale condos by bedroom for both Oceanfront condos and Galt Ocean Mile direct oceanfront condos.

Read our last Fort Lauderdale Condo Pricing Guide

View 2 bedroom Galt Ocean Mile condo recently sold The Galleon
View from a 2 bedroom Galt Ocean Mile condo recently sold here in The Galleon condominium

Oceanfront Condos
Prices by Bedroom

Here is the market analysis report for Fort Lauderdale Oceanfront Condo Sales – based on number of bedrooms.

#BEDS LA SP$ SP$/SqFt
0 / 1 486 $235,000 $488.00
1 / 1 880 $281,500 $299.00
2 / 2 1,305 $410,000 $324.00
3 / 3 2,130 $887,500 $403.00

We can see from this report the median prices for oceanfront units by bedroom.

Important to note are the changes in median prices by bedroom…

  • Oceanfront Studio sales have a median of $235,000 – this being for a unit of 486 square feet with a sales price to square foot price of $488.00 – In our last post the median for Oceanfront Studios was much lower at $147,500 – this being for a unit of 435 square feet with a sales price to square foot price of $333.00
  • Oceanfront 1 bedroom condo sales have a median of $281,500  – this being for a 1 bedroom 1 bathroom unit of 880 square feet with a sales price to square foot price of $299.00 – In our last post the median for Oceanfront 1 bedroom condos was lower at $277,500  – this being for a 1 bedroom 1 bathroom unit of 860 square feet with a sales price to square foot price of $297.00
  • Oceanfront 2 bedroom condo sales have a median of $410,000  – this being for a 2 bedroom 2 bathroom unit of 1305 square feet with a sales price to square foot price of $324.00 – In our last post the median for Oceanfront 2 bedrooms was higher at $430,000  – this being for a slightly larger 2 bedroom 2 bathroom unit of 1360 square feet with a sales price to square foot price of $322.00
  • Oceanfront 3 bedroom condos sales have a median of $887,500 – this being for a 3 bedroom 3 bathroom condo of 2130 square feet with a sales price to square foot price of $403.00 – In our last post the median for Oceanfront 3 bedroom condos was much higher at $920,000 – this being for a larger 3 bedroom 3 bathroom condo of 2308 square feet with a sales price to square foot price of $418.00

Note: Median sales prices for oceanfront 3 bedroom condos can vary widely from month to month – especially given the number of 3 bedroom new construction projects / sales we currently have here in Fort Lauderdale!

View Galt Ocean Mile Condos Fort Lauderdale FL
View of the some of the very famous Galt Ocean Mile Condos here in Fort Lauderdale Florida!

Galt Ocean Mile
Prices by Bedroom

Galt Ocean Mile is one of the sought out “strips” of direct oceanfront condos here in Fort Lauderdale.

Galt Ocean Mile condos offer a mix of complexes and buildings from mid-century to luxury newer construction. 

Here is the market analysis report for Galt Ocean Mile* condo sales – based on bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,076 $299,900 $258.00
2 / 2 1,435 $489,000 $344.00
3 / 2 2,150 $975,000 $446.00

We can see from this report the median prices for Galt Ocean Mile condos by bedroom.

Again it is important to note are some of the changes in median prices by bedroom…

  • There have been no Galt Ocean Mile Studios sold over the last 60 days based on MLS dataHowever in our last post the median for Galt Ocean Mile studios was $235,000 -this being for a 1 bathroom unit of 450 square feet with a sales price to  square foot price of $522.00
  • Galt Ocean Mile 1 bedroom condos have a median price of $299,900 –this being for a 1 bedroom 1 bathroom unit of 1063 square feet with a sales price to  square foot price of $278.00 – In our last post the median for Galt Ocean Mile 1 bedroom condos was lower at $284,500 -this being for a 1 bedroom 1 bathroom unit of 1063 square feet with a sales price to  square foot price of $278.00
  • Galt Ocean Mile 2 bedroom condos have a median price of $489,000 –this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a sales price for square foot price of $344.00 – In our last post the median for Galt Ocean Mile 2 bedroom condos was higher at $505,000 -this being for a 2 bedroom 2 bathroom unit of 1562 square feet with a sales price for square foot price of $315.00
  • 3 bedroom units have a median price of $975,000 – this being for a 3 bedroom 2 bathroom unit of 2150 square feet with a sales price to square foot price of $446.00 –In our last post the median for 3 bedroom condos was much lower at $763,958 – this being for a 3 bedroom 2 bathroom unit of 2124 square feet with a sales price to square foot price of $376.00

* Note for the purposes of this report Galt Ocean Mile data includes all oceanfront units in Zip 33308

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Summary

We currently have a great selection Fort Lauderdale condos for sale across all categories- from waterfront, oceanfront condos, Galt Ocean Mile condos and Luxury condos

We are well into our Selling Season and there has been solid buyer activity this year to date!

Continued lower interest rates and buyers looking to move into Florida are 2 big factors driving this seasons sales!

I hope you have enjoyed my post of Fort Lauderdale condos – by Kevin Wirth P.A. Realtor.

This statistical report on comparable Luxury Galt Ocean Mile condos includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market.  This report is based on information which is the © 2019 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.