View of luxury Fort Lauderdale condos here on Galt Ocean Mile

Luxury Galt Ocean Mile Sales Update March 2018

Welcome to our March 2019 update on Luxury Galt Ocean Mile condos / Oceanfront Zip 33308 condos sold over the last 3 months – or from the 31st of December 2018 to the 28th of February 2019.

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 the beachfront!

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

Luxury Galt Ocean Mile Condos
Our Pricing Guide

Here is our March 2019 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 $577,500 – well down from $630,000 in our last post!
  • For Luxury 3 bedroom Galt Ocean Mile condos the median sales price is $705,000 well down from $760,000 as in our last post!

Galt Ocean  Mile offers a great range of luxury Fort Lauderdale condos for sale with prices from $500,000 to $5,000,000!

In the last 90 days  / 3 Months there have been 27 x Luxury Galt Ocean Mile condos sold – down from our 33 sales in last post!


Search Galt Ocean Mile Condos for Sale

Galt Ocean Mile Condos
Luxury Sales – Last 3 Months

There have been 23 x Luxury Galt Ocean Mile condos sold here in Fort Lauderdale from the 1st of October 2018 to 31st of December 2018 – this is down from 27 sales of Luxury Galt Ocean Mile condos as in our last post!

Here is our market summary for these 23 sales of Luxury Galt Ocean Mile “direct oceanfront” condos

BEDS / BATHS LA SP$
Min 2 / 2 1,433 $500,000
Max 4 / 5 4,542 $4,650,000
Avg 2 / 2 1,953 $887,957
Median 2 / 2 1,800 $670,000

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 $887,957 – this being for a 2 bedroom 2 bathroom condo of 1953 square feet.

This is up from our last post when the average sales price for luxury Galt Ocean Mile condos over the preceding 90 days was $821,465 – this being for a 2 bedroom 2 bathroom condo of 1855 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 $670,000 – this being for a 2 bedroom 2 bathroom condo of 1800 square feet

This is also up from our last post when the median sales price for luxury Galt Ocean Mile condos sold over the preceding 90 days was $635,000 – this being for a 2 bedroom 2 bathroom condo of 1675 square feet

View luxury 2 bedroom Galt Ocean Mile condo recently sold in Regency Tower South
View luxury 2 bedroom Galt Ocean Mile condo recently sold in Regency Tower South

December 2018 – February 2019
Sales Prices By Bedroom

Here is our market summary report showing median sales prices by bedroom for luxury Galt Ocean Mile condos sold over the last 3 months.

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1,656 $640,000 $359.00
3 / 2 2,086 $725,000 $434.00

For Luxury 2 bedroom Galt Ocean Mile condos the median sales price is $640,000 – this being for a 2 bedroom 2 bathroom unit of 1656 square feet with a sales price to square foot price of $359.00 – this is well up from our last post when the median was $577,500 – this being for a 2 bedroom 2 bathroom unit of 1634 square feet with a sales price to square foot price of $379.00

For Luxury 3 bedroom Galt Ocean Mile condos the median sales price is $725,000 this being for a 3 bedroom 2 bathroom unit of 2086 square feet with a sales price to square foot price of $422.00 – this is up from our last post when the median was $705,000 – this being for a 3 bedroom 2 bathroom unit of 1977 square feet with a sales price to square foot price of $422.00

View from one of the luxury Galt Ocean Mile condos recently sold in L'Hermitage
View from one of the luxury Galt Ocean Mile condos recently sold in L’Hermitage

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 $206.00
Max $1,024.00
Avg $430.00
Median $366.00

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 $366.00

It is important to note that the median sales price to square foot price is well down from our last 2 posts when the median was $391.00 and $409.00 respectively!

% 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 77%
Max 100%
Avg 91%
Median 93%

We can see from this report that average sales price to list price has been 91% –  down from 92% in our last post and 94% as in our prior post!

We can also see from this report that median sales price to list price has been 93% – which is down from 95% as in our last 45 posts!

A sales price to list price of 93% 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 $930,000.

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 11
Max 353
Avg 120
Median 92

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 120 days or approximately 4 months!

We can also see that the median days on market has been 92 days or just over 3 Months  – this is up from 107 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

Currently we have a excellant range of Luxury Galt Ocean Mile condos for sale / Zip 33308 condos for sale with over 130 units on offer.

In this mix are some really nice updated units, penthouse units and also some well priced condos ready for updating!

It is important to note the BOTH average and median sales prices have strengthened over the last 3 months – reflecting the Galt Ocean Mile condos “sales cycle” and us now moving back into “Season”!

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 © 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.