Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our January 2020 / February 2020 pricing guide for L’Ambiance Galt Ocean Mile Condos 4240 Galt Ocean Drive, Fort Lauderdale, Florida
Fort Lauderdale condos for sale here in L’Ambiance are luxury units set right on the ocean in one of the newer construction condominiums here on Galt Ocean Mile.
There is just 1 x L’Ambiance Galt Ocean Mile condos currently for sale.
There have been 3 sales of a luxury oceanfront condo in this complex over the last 6 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 prices to list price %) as well as the highest prices paid for units over the last 6 months!
We also compare recent sales trends in L’Ambiance – Important information for both buyers and sellers!
Galt Ocean Mile Condos – Key Statistics
L’Ambiance Condominium complex in Fort Lauderdale, Florida
Address: 4240 Galt Ocean Dr, Fort Lauderdale, FL 33308
- List Price $995,000
- Recent Sales Prices $885,000 – $1,365,000
- Median Sales Price $960,000
– 3 Bedroom 2 Bathroom Unit
- Median Sales Price to Square Foot Price $427.00
- Median Sales Price to List Price 93%
- Median Days on Market 48 Days
L’Ambiance Galt Ocean Mile
Condos for Sale
There is currently 1 x luxury L’Ambiance Galt Ocean Mile condos for sale here on Galt Ocean Mile – In our last post for December 2019 / January 2020 there were no L’Ambiance condos for sale!
Our Market Analysis report for this unit is presented below:
|BEDS / BATHS||LA||LP$|
|Unit 705||3 / 2||2,318||$995,000|
We can see from this report that L’Ambiance Unit 705 a 3 bedroom unit is listed for sale for $995,000 – this 3 bedroom 2 bathroom 2318 square foot condo has a list price to square foot price of $429.00
Unit 705 is an amazing ocean front unit with direct ocean view!
This Galt Ocean Unit has been completely remodeled and features: a brand new state of the art kitchen, new floors, new custom closets and new bathroom finishes. The unit also has a new A/C and new water heater.
You will love the large balcony with direct ocean view.
Unit 705 is a Bristol 05 Model
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Galt Ocean Mile Specialist
Galt Ocean Mile – “Condo Lines”
Here is an outline of Galt Ocean Mile condos “by Line” here in L’Ambiance.
The diagram below gives us an outline of the building condos by line / stack.
We can see from this diagram the different lines for L’Ambiance Galt Ocean Mile condos for sale – these “lines” being known as Astor, Bristol and Cannes.
Astor – Line 3 & 4
These are 3 bedroom oceanfront condo units with a den and 4.5 bathrooms
Bristol – Line 2 & 5
These are 2 bedroom oceanfront condo units with a den / 3rd bedroom convertable and 2.5 bathrooms
Cannes – Line 1 & 6 – Floors
These are 2 bedroom condo units with a den / 3rd bedroom convertible and 2 bathrooms
There have been no new listings of a luxury Galt Ocean Mile condo here in L’Ambiance over the last 30 days – this is the same as in our last post!
There are currently no luxury L’Ambiance Galt Ocean Mile condos pending sale here in L’Ambiance – In our last post there were 2 units pending sale – Unit 2005 and Unit 402!
Recent Sales – Last 6 Months
There have been 3 x L’Ambiance Galt Ocean Mile condos sold over the last 6 months – this is up from 1 sale over the preceding 6 months as in our last post December 2019 / January 2020
The market analysis report for these 3 sales is presented below.
|BEDS / BATHS||LA||SP$|
|Min||3 / 2||2,318||$885,000|
|Max||3 / 4||2,823||$1,365,000|
|Avg||3 / 3||2,486||$1,070,000|
|Median||3 / 2||2,318||$960,000|
We can see from this report that the average price for a luxury Galt Ocean Mile condo sold here in L’Ambiance over the last 6 months has been $1,070,000 – this being for a 3 bedroom 3 bathroom unit
We can also see that the median price for a luxury condo sold here in L’Ambiance over the last 6 months has been $960,000 – this being for a 3 bedroom 2 bathroom unit
Square Foot Prices
Here is our market summary report showing square foot prices paid for ALL L’Ambiance Galt Ocean Mile condos sold over the last 6 months.
We can see from this report that the median sales price to square foot price paid for a condo sold here in L’Ambiance over the last 6 months has been $427.00 per square foot – up from $362.00 per square foot in our last post, from $370.00 in our prior post and $399.00 in our earlier post!
It is important to note the highest square foot price paid at $414.00!
% Sales to List Price
An important real estate indicators to note is how much buyers are paying for L’Ambiance 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:
We can see from this report that BOTH the average and median sales price to list price for units sold over the last 6 months has been 93% – down from 94% in our last post
This means if a Fort Lauderdale condo for sale here in L’Ambiance is listed at $1,000,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $940,000.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in L’Ambiance is an important indicator on how strong demand is for condos in this complex..
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
We can see from this report that the average days on market for a Galt Ocean Mile condo sold in L’Ambiance is 148 days
We can also see that the median days on market at 48 days or just over 7 weeks
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Sales by Unit
Here is our market summary report for L’Ambiance condos showing the data for each of the units sold over the last 6 months.
|BEDS / BATHS||LA||SP$|
|Unit 1203||3 / 4||2,823||$1,365,000|
|Unit 2005||3 / 2||2,318||$960,000|
|Unit 402||3 / 2||2,318||$885,000|
We can see from this report the details for each unit sold as well as the most expensive unit sold which was Unit 1203 a 3 Bedroom Luxury L’Ambiance condo which sold for $1,365,000 – this 3 bedroom 4 bathroom unit of 2823 square feet had a sales price to square foot price of $484.00
Unit 1203 sold for 94% of list price and had 36 days on market – or just on 5 weeks!
Unit 1203 is an Astor Model / Line 05
My Thoughts / Summary
L’Ambiance Galt Ocean Mile condos are units in one of the newer construction Fort Lauderdale luxury condominiums here on Galt Ocean Mile.
Currently we have just 1 unit for sale!
Sales in L’Ambiance have been strong up with 3 units sold!
I hope you have enjoyed this post on L’Ambiance condos for sale Fort Lauderdale – Kevin Wirth Realtor