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:

  • For 2 bedroom condos – $650,000 – $660,000this being for a 2 bedroom 2 bathroom unit 
  • For 3 bedroom condo $1.4 Million – $1,5 Millionthis being for a 3 bedroom 2 bathroom unit 
Search Galt Ocean Mile Condos for Sale

View of L'Hermitage condominium here on Galt Ocean Mile
View of L’Hermitage condominium here on Galt Ocean Mile

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

Luxury Galt Ocean Mile
Condos for Sale

Here is our market summary for Fort Lauderdale condos for sale here on Galt Ocean Mile.

 Median Beds/Baths SF/FF List Price
ALL 2 / 2 1,510 $459,000
$500K-$1M 2 / 2 1,859 $659,950
$1M Plus 3 / 2 2,500 $1,450,000

 

We can see from this summary report that the median price for all Fort Lauderdale condos for sale here in Galt Ocean Mile is $459,000 – this being for a 2 bedroom 2 bathroom condo.

Important to note is how the median changes are we move across price ranges:

  • For Luxury 2 bedroom condos the median price is $659,950 – this being for a 2 bedroom 2 bathroom unit of 1859 square feet with a list price to square foot price of $361.00
  • For Luxury 3 bedroom condos the median prices is $1.45 Millionthis being for a 3 bedroom 2 bathroom unit of 2500 square feet with a list price to square foot price of $643.00
View of L'Ambiance Fort Lauderdale here on Galt Ocean Mile
View of L’Ambiance here on Galt Ocean Mile

Galt Ocean Mile
Luxury Condo Sales

Here is our market report for luxury Galt Ocean Mile condos sold over the last 90 days

 Median Beds/Baths SF/FF Sale Price
Galt 2 / 2 1,656 $416,000
$500-$1M 2 / 2 1,840 $630,000
$1M Plus 3 / 2 2,043 $1,220,000

 

We can see from this report that the median sales price has been:

  • For ALL Galt Ocean Mile Condos sold the median sales price has been $416,000this being for a 2 bedroom 2 bathroom unit of 1656 square feet
  • For Luxury Galt Ocean Mile Condos prices between $500,000 and $1 Million the  the median sales price has been $630,000this being for a 2 bedroom 2 bathroom unit of 1840 square feet
  • For Luxury Galt Ocean Mile Condos prices between $500,000 and $1 Million the  the median sales price has been $1,220,000 – this being for a 3 bedroom 2 bathroom unit of 2043 square feet

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.

 Median SP$/SqFt
Galt $279
$500-$1M $324
$1M Plus $583


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:

  • $324.00 for Luxury Galt Ocean Mile Condos prices between $500,000 and $1 Million
  • $583.00 for Luxury Galt Ocean Mile Condos prices between $500,000 and $1 Million 

% 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

 Median SP$/LP$
Galt 94%
$500-$1M 94%
$1M Plus 91%

 

We can see from this report that the median sales price to list price has been:

  • 94% for Luxury Galt Ocean Mile Condos prices between $500,000 and $1 Million
  • $91% for Luxury Galt Ocean Mile Condos prices between $500,000 and $1 Million 

Days on Market

Days on market for Luxury Galt Ocean Mile Condos for Sale is 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.

 Median Days on Market
Galt 80
$500-$1M 27
$1M Plus 123

 

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

  • 27 days for Luxury Galt Ocean Mile Condos prices between $500,000 and $1 Million
  • 123 days for Luxury Galt Ocean Mile Condos prices between $500,000 and $1 Million 

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.

Prices have remained strong and we continue to see price increases across the board.

An important factor to note is the days on market for luxury Galt Ocean Mile condos priced between $500,000 – $1 Million with the median at just 27 days – this is the time from the day the condo was listed for sale to the date the unit sold and closed!

27 days is very fast and shows how strong demand is for luxury Fort Lauderdale condos in this price range and in this prime location – direct oceanfront here on Galt Ocean Mile!

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