View of luxury Fort Lauderdale condos here on Galt Ocean Mile

Luxury Galt Ocean Mile Condos November 2020 Update

Welcome to our November 2020 update on Luxury Galt Ocean Mile condos / Oceanfront Zip 33308 condos sold over the last 3 months – or from the 1st of August 2020 to the 31st of October 2020.

Luxury Galt Ocean Mile condos for sale here on Galt Ocean Drive  / Zip 33308 are absolute “direct oceanfront” units – they are literally set right on sand – right on our “Blue Ribbon” beachfront!

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

Luxury Galt Ocean Mile Condos
Our November 2020 Pricing Guide

Here is our May 2020 pricing guide based on recent sales of luxury Galt Ocean Mile condos – sales made over the last 3 months

  • For Luxury 2 bedroom Galt Ocean Mile condos the median sales price has been $635,000 up from $590,000 in our last post!
  • For Luxury 3 bedroom Galt Ocean Mile condos the median sales price is $912,500 down from $975,000 as in our last post!

Galt Ocean  Mile offers a great range of luxury Fort Lauderdale condos for sale with recent prices from $500,000 to $3,017,400!

In the last 90 days  / 3 Months there have been 32 x Luxury Galt Ocean Mile condos sold – the same number of sales as in our last post!


Search Galt Ocean Mile Condos for Sale

Galt Ocean Mile Condos
Luxury Sales – Last 3 Months

Of the 75 Galt Ocean Mile condos sold over the last 3 months 32 of these sales have been for Luxury Galt Ocean Mile condos – sales for the period 1st of August 2020 to 31st of October 2020!

Here is our market summary for these 32 sales of Luxury Galt Ocean Mile “direct oceanfront” condos.

BEDS / BATHS LA SP$
Min 2 / 2 1,172 $500,000
Max 6 / 5 4,475 $3,017,400
Avg 3 / 2 2,045 $968,252
Median 2 / 2 1,811 $790,000

We can see from this summary report that the average sales price for luxury Galt Ocean Mile condos over the last 90 days has been $968,252 – this being for a 3 bedroom 2 bathroom condo of 2045 square feet

We can also see from this summary report that the median sales price for luxury Galt Ocean Mile condos sold over the last 90 days has been $790,000 – this being for a 2 bedroom 2 bathroom condo of 1811 square feet

View luxury 2 bedroom Galt Ocean Mile condo Plaza South Galt Ocean Drive recently sold!
View luxury 2 bedroom Galt Ocean Mile condo Plaza South Galt Ocean Drive recently sold!

August 2020 – October 2020
Luxury Galt Ocean Mile Condos
Sales Prices By Bedroom

Of the 32 sales of Luxury Galt Ocean Mile condos made over the last 3 months – 19 sales have been for 2 bedroom luxury Galt Ocean Mile condos and 12 sales have been for 3 bedroom luxury Galt Ocean Mile condos.

Here is our market summary report showing median sales prices by bedroom for luxury Galt Ocean Mile condos sold over the last 3 months – 1st of August 2020 – 31st of October 2020.

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1,662 $635,000 $381.00
3 / 2 2,318 $912,500 $410.00

For Luxury 2 bedroom Galt Ocean Mile condos sold over the last 3 months the median sales price is $635,000 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet with a sales price to square foot price of $381.00

For Luxury 3 bedroom Galt Ocean Mile condos sold over the last 3 months the median sales price was $912,000 this being for a 3 bedroom 2 bathroom unit of 2318 square feet with a sales price to square foot price of $410.00

View luxury 3 bedroom Galt Ocean Mile condo L'Ambiance Galt Ocean Drive recently sold!
View luxury 3 bedroom Galt Ocean Mile condo L’Ambiance Galt Ocean Drive recently sold!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Luxury Galt Ocean Mile condos sold over the last 3 months.

SP$/SqFt
Min $287.00
Max $950.00
Avg $472.00
Median $402.00

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 $402.00

It is important to note the highest price paid for a luxury Galt Ocean Mile condo sold over the last 3 months at $950,00 per square foot!

% 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$/LP$
Min 75%
Max 103%
Avg 93%
Median 94%

We can see from this report that median sales price to list price has been 94%

A sales price to list price of 94% means that is a luxury condo is listed for sale for $1,000,000 – then based on MLS data, the unit could be expected to sell for $940,000.

It is also important to note the highest sales price to list price at 103% – or 3% over list price.

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.

DOM
Min 1
Max 428
Avg 129
Median 114

We can see from this report that the average days on market for a Luxury Galt Ocean Mile condos sold over the last 3 months has been 129 days or just over 4 months

We can also see from this report that the median days on market has been 114 days. 

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

Currently we have a excellent inventory of Luxury Galt Ocean Mile condos for sale / Zip 33308 condos for sale with 111 units on offer and prices ranging from $500,000 to $5,950,000.

In this mix are some gorgeous updated units, several penthouse units and also a number of very well priced condos ready for updating!

The last 3 months of 2020 has seen a strong increase in the number of sales / the sales volume for Luxury Galt Ocean Mile condos – as buyer activity picks up.   

It is important to note that Galt Ocean Mile had been closed to Realtors and Buyers for the earlier part of the year due to the Corona Virus.

Read our last post on Luxury Galt Ocean Mile Condos

I hope you have enjoyed my report on Luxury Fort Lauderdale condos here on Galt Ocean Mile – 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.