View of Fort Lauderdale Oceanfront Condos

July 2020 / August 2020 Condo Pricing Guide

Fort Lauderdale
Condos Pricing Guide

Here is our July 2020 / August 2020 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 1,156 $188,000
Waterfront 2 / 2 1,199 $220,000
Oceanfront 2 / 2 1,360 $475,000
Galt Mile 2 / 2 1,537 $555,000
Luxury 3 / 2 2,125 $750,000

We can see from this report how the median sales price is $188,000 for ALL Fort Lauderdale condos sold over the last 60 days – This is up from $182,000 as in our last post for May 2020 / June 2020 and from $175,000 as in our prior post for March 2020 / April 2020! 

We can also see how the median sales price changes across different condo “categories” all the way up-to the median sales price of $750,000 for luxury Fort Lauderdale condos.

It is important to note that median sales prices for each of the categories we review: Waterfront, Oceanfront, Galt Mile and Luxury are all up from our last post – this was the same as in our last post for May 2020 / June 2002!

View 2 bedroom Fort Lauderdale oceanfront condo Ocean Palms Hollywood recently sold
View 2 bedroom Fort Lauderdale oceanfront condo Ocean Palms Hollywood recently sold!

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

  • Fort Lauderdale Waterfront condos have had median sales price of $220,000 – this being for a 2 bedroom 2 bathroom unit of 1199 sq ft – In our last post the median sales price for waterfront condos was lower at $210,000 – this being for a 2 bedroom 2 bathroom unit of 1190 sq ft
  • Fort Lauderdale Oceanfront condos have had a median sales price of $475,000 – this being for a 2 bedroom 2 bathroom unit of 1360 sq ft – In our last post the median sales price for oceanfront condos was lower at $460,000 – this being for a 2 bedroom 2 bathroom unit of 1433 sq ft
  • Galt Ocean Mile “direct oceanfront” condos have had a median sales price of $555,000 – this being for a 2 bedroom 2 bathroom unit of 1537 sq ft – In our last post the median sales price for Galt Ocean Mile condos was lower at $545,000 – this being for a 2 bedroom 2 bathroom unit of 1662 sq ft
  • Fort Lauderdale Luxury condos have had a median sales price of $750,000 – this being for a 3 bedroom 2 bathroom unit of 2125 sq ft – In our last post the median sales price for luxury condos was lower at $710,000 – this being for a 3 bedroom 2 bathroom unit of 1934 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 Fort Lauderdale oceanfront condo Ocean Palms Hollywood recently sold
View 2 bedroom Fort Lauderdale oceanfront condo Ocean Palms Hollywood recently sold

Oceanfront Condos
Prices by Bedroom

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

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 242 $145,000 $454.00
1 / 1 870 $279,500 $358.00
2 / 2 1,360 $475,000 $319.00
3 / 3 2,353 $1,190,000 $496.00

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 $145,000 – this being for a unit of 242 square feet with a sales price to square foot price of $454.00 – In our last post the median for Oceanfront Studios was higher at $182,500 – this being for a larger unit of 375 square feet with a lower sales price to square foot price of $333.00
  • Oceanfront 1 bedroom condo sales have a median of $279,500  – this being for a 1 bedroom 1 bathroom unit of 870 square feet with a sales price to square foot price of $358.00 – In our last post the median list price for Oceanfront 1 bedroom condos was lower at $259,900  – this being for a 1 bedroom 1 bathroom unit of 870 square feet with a lower sales price to square foot price of $314.00
  • Oceanfront 2 bedroom condo sales have a median of $475,000  – this being for a 2 bedroom 2 bathroom unit of 1360 square feet with a sales price to square foot price of $319.00 – In our last post the median list price for Oceanfront 2 bedrooms was lower at $458,750  – this being for a larger 2 bedroom 2 bathroom unit of 1434 square feet with a sales price to square foot price of $316.00
  • Oceanfront 3 bedroom condos sales have a median of $1,190,000 – this being for a 3 bedroom 3 bathroom condo of 2353 square feet with a sales price to square foot price of $496.00 – In our last post the median list price for Oceanfront 3 bedroom condos was lower at $1,037,500 – this being for a smaller 3 bedroom 3 bathroom condo of 2130 square feet with a sales price to square foot price of $484.00

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 / 1 920 $272,500 $370.00
2 / 2 1,537 $557,500 $334.00
3 / 2 2,213 $1,060,000 $463.00

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 were no Galt Ocean Mile Studios sold over the last 60 days – based on MLS records – However in our last post the median for Galt Ocean Mile studios sold over the preceding 60 days was $200,000 -this being for a 1 bedroom 1 bathroom unit of 600 square feet with a sales price to  square foot price of $333.00
  • Galt Ocean Mile 1 bedroom condos have a median price of $272,500 –this being for a 1 bedroom 1 bathroom unit of 920 square feet with a sales price to  square foot price of $370.00 – In our last post the median for Galt Ocean Mile 1 bedroom condos was lower at $269,950 – this being for a larger 1 bedroom 1 bathroom unit of 1198 square feet with a lower sales price to  square foot price of $239.00
  • Galt Ocean Mile 2 bedroom condos have a median price of $557,500 –this being for a 2 bedroom 2 bathroom unit of 1537 square feet with a sales price for square foot price of $334.00 – In our last post the median for Galt Ocean Mile 2 bedroom condos was lower at $520,000 -this being for a larger 2 bedroom 2 bathroom unit of 1642 square feet with a sales price for square foot price of $337.00
  • 3 bedroom units have a median price of $1,060,000 – this being for a 3 bedroom 2 bathroom unit of 2213 square feet with a sales price to square foot price of $463.00 –In our last post the median for 3 bedroom condos was lower at $1,037,500 – this being for a smaller 3 bedroom 2 bathroom unit of 2100 square feet with a sales price to square foot price of $496.00

* 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 very good selection Fort Lauderdale condos for sale across all categories- from waterfront, oceanfront condos, Galt Ocean Mile condos and Luxury condos as well as many new construction units!

Now that our market is “open” (after the Coronavirus lock-down) we are seeing increased buyer activity and 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 © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.