View of luxury Fort Lauderdale condos here on Galt Ocean Mile

Luxury Galt Ocean Mile Condos

Luxury Fort Lauderdale condos for sale here on Galt Ocean Mile are direct oceanfront units – they are literally set right on the beachfront!

This “prime” location is home to many fine and luxurious condominium complexes.

Our Pricing Guide:

Here is our pricing guide based on recent sales of luxury Galt Ocean Mile condos over the last 90 days…

  • For Luxury 2 bedroom Galt Ocean Mile condos the median sales price has been $573,500 –well  down from our last post!
  • For Luxury 3 bedroom Galt Ocean Mile condos the median sales price is $930,000  – also down from our last post!
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Ocean views from a luxury Galt Ocean Mile condo recently sold in Commodore
Ocean views from a luxury Galt Ocean Mile condo recently sold in Commodore

Galt Ocean  Mile offers a great range of luxury Fort Lauderdale condos for sale with prices from $500,000 to over $6 Million dollars.

In the last 90 days there have been 49 x Galt Ocean Mile condos sold – of these 14 have been luxury units!

Galt Ocean Mile Condos
Luxury Sales – Last 90 Days

Here is our market summary for the 20 x Luxury Galt Ocean Mile condos sold over the last 90 days.

 $$ Beds/Baths SF/FF Sale Price
High 4 / 4 3,970 $1,699,900
Low 2 / 2 1,630 $500,000
Avg 2 / 2 2,244 $864,795
Med 2 / 2 2,104 $775,000

We can see from this summary report that the average sales price for luxury Fort Lauderdale condos sold here on Galt Ocean Mile over the last 90 days has been $864,795 – this being for a 3 bedroom 2 bathroom condo of 2244 square feet.

 In our last post the average sales price for luxury condos was higher at $985,457this being for a 3 bedroom 2 bathroom condo of 2148 square feet.

We can also see from this summary report that the median sales price for luxury condos sold here on Galt Ocean Mile over the last 90 days has been $775,000 – this being for a 3 bedroom 2 bathroom condo of 2104 square feet.  

In our last post the median sales price for luxury Galt Ocean Mile condos sold over the last 90 days was over $150,000 higher at $930,000 – this being for a 3 bedroom 2 bathroom condo of 2117 square feet. 

In our last post there had been 14 sales of luxury Galt Ocean Mile condos over the last 3 months!

Direct ocean views from a luxury 2 bedroom condo sold in Southpoint
Direct ocean views from a luxury 2 bedroom condo sold in Southpoint

Median Sale Prices
By Bedroom

Here is our market summary report showing median sales prices by bedroom for luxury Galt Ocean Mile condos.

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 2 1,875 $573,500 $315
3 / 2 2,338 $975,000 $390
  • For Luxury 2 bedroom condos the median price is $573,500 – this being for a 2 bedroom 2 bathroom unit of 1875 square feet with a list price to square foot price of $315.00 – In our last post the median price was much higher at $925,500 – this being for a 2 bedroom 2 bathroom unit of 1905 square feet with a list price to square foot price of $455.00
  • For Luxury 3 bedroom condos the median price is $930,000 this being for a 3 bedroom 2 bathroom unit of 2338 square feet with a list price to square foot price of $390.00 – In our last post the median price was also higher at $975,000 – this being for a 3 bedroom 2 bathroom unit of 1905 square feet with a list price to square foot price of $455.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Luxury Fort Lauderdale Condos sold here on Galt Ocean Mile over the last 3 months.

 $$ SP$/SqFt
High $658
Low $277
Avg $402
Med $330


We can see from this report that the median sales price to square foot price paid for a luxury Galt Ocean Mile condo sold over the last 3 months has been $330.00

It is important to note that in our last post the the median sales price to square foot price paid for a luxury Galt Ocean Mile condo sold over the prior 3 months was higher at $482.00!

Note the range of sales prices to square foot prices – with a high or $658.00 and a low of $277.00

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Luxury Fort Lauderdale Condos for sale here on Galt Ocean Mile – 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$/LP$
Avg 93%
Med 92%


We can see from this report that median sales price to list price has been 92% – down from our last post!

In our last post BOTH the average and median sales price to list price for the prior 3 months was 96%

Days on Market

Days on market for Luxury Galt Ocean Mile Condos for Sale is also an important indicator on how strong demand is for Fort Lauderdale condos for sale in this prime location.

Here is the market analysis report for Days on Market based on condo sales over the last 3 months.

 $$ Days on Market
Avg 114
Med 89

We can see from this report that the average days on market for a Luxury Fort Lauderdale condo sold on Galt Ocean Mile has been 114 days.

We can also see that the median days on market has been a 89 days – up from 55 days in our last post

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

Kevin Wirth Fort Lauderdale Realtor

My Thoughts  / Summary

The luxury end of the Fort Lauderdale condo market has many great offerings and Galt Ocean Mile continues to attract luxury condo buyers.

It is important to note that while the volume of luxury sales here on the Galt is up over 40% from our last median sales prices for luxury Galt Ocean Mile condos have softened.

This softening is in my mind a direct reflection on increased competition from luxury new construction offerings in and around Fort Lauderdale – especially waterfront and oceanfront developments.

Encouraging however is that the number of pending sales for luxury Galt Ocean Mile condos is actually up at 24 units pending sale as at time of writing – a very positive indicator!

Read our last post on Luxury Galt Ocean Mile Condos

I hope you have enjoyed my post on Luxury Fort Lauderdale condos here on Galt Ocean Mile – Kevin Wirth Realtor