View of luxury Fort Lauderdale condos here on Galt Ocean Mile

Luxury Galt Ocean Mile Sales Update Sept 2019

Welcome to our September 2019 update on Luxury Galt Ocean Mile condos / Oceanfront Zip 33308 condos sold over the last 3 months – or from the 1st of June 2019 to the 31st of August 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 September 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 $550,000 down from $630,000 in our last post!
  • For Luxury 3 bedroom Galt Ocean Mile condos the median sales price is $977,500 down from $1,000,000 as in our last post!

Galt Ocean  Mile offers a great range of luxury Fort Lauderdale condos for sale with prices from $550,000 to $2,634,000!

In the last 90 days  / 3 Months there have been 31 x Luxury Galt Ocean Mile condos sold – up slightly from 30 sales in last post!


Search Galt Ocean Mile Condos for Sale

Galt Ocean Mile Condos
Luxury Sales – Last 3 Months

There have been 31 x Luxury Galt Ocean Mile condos sold here in Fort Lauderdale from the 1st of June 2019 to 31st of August 2019 – this is up ever so slightly from the 30 sales of Luxury Galt Ocean Mile condos as in our last post!

Here is our market summary for these 31 sales of Luxury Galt Ocean Mile “direct oceanfront” condos.

BEDS / BATHS LA SP$
Min 2 / 2 1,320 $510,000
Max 3 / 3 2,762 $2,634,000
Avg 3 / 2 1,999 $838,919
Median 3 / 2 1,853 $665,000

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 $838,919 – this being for a 3 bedroom 2 bathroom condo of 1999 square feet

In our last post the average sales price for luxury Galt Ocean Mile condos over the preceding 90 days was higher at $909,948 – this being for a 2 bedroom 2 bathroom condo of 1997 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 $665,000 – this being for a 3 bedroom 2 bathroom condo of 1853 square feet

In our last post the median sales price for luxury Galt Ocean Mile condos sold over the preceding 90 days was higher at $740,000 – this being for a 2 bedroom 2 bathroom condo of 1891 square feet

View 2 bedroom luxury Galt Ocean Mile condo sold Playa del Sol Unit 1012 3500 Galt Ocean Drive Fort Lauderdale
2 bedroom luxury Galt Ocean Mile condo sold Playa del Sol #1012 3500 Galt Ocean Drive

June 2019 – August 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 1,662 $550,000 $362.00
3 / 2 2,330 $977,500 $406.00

For Luxury 2 bedroom Galt Ocean Mile condos the median sales price is $550,000 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet with a sales price to square foot price of $362.00 – this is well down from our last post.

In our last post the median for luxury 2 bedroom Galt Ocean Mile condos sold was higher at $630,000 – this being for a 2 bedroom 2 bathroom unit of 1760 square feet with a sales price to square foot price of $372.00

For Luxury 3 bedroom Galt Ocean Mile condos the median sales price was $977,500 this being for a 3 bedroom 2 bathroom unit of 2330 square feet with a sales price to square foot price of $406.00 – this is down from our last post!

In our last post the median for luxury 3 bedroom Galt Ocean Mile condos sold was higher at $1,000,000 – this being for a 3 bedroom 2 bathroom unit of 2311 square feet with a sales price to square foot price of $512.00

View 3 bedroom Luxury Galt Ocean Mile condo sold The Galleon Unit 1012 4100 Galt Ocean Drive Fort Lauderdale
3 bedroom Luxury Galt Ocean Mile condo sold The Galleon #1012 4100 Galt Ocean Drive

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 $236.00
Max $990.00
Avg $413.00
Median $385.00

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 $385.00

It is important to note that the median sales price to square foot price is up from our last post when the median was $376.00!

% 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$/LP$
Min 85%
Max 100%
Avg 93%
Median 93%

We can see from this report that BOTH the average and median sales price to list price has been 94% – this is down from 94% as in our last post!

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 1
Max 413
Avg 142
Median 138

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 142 days or just under 5 months!

We can also see that the median days on market has been 138 days or just under 5 Months

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 95 units on offer.

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

Median sales prices for Luxury Galt Ocean Mile condos have been lower over the last 3 months – in my mind a reflection of lower levels of new construction units for sale and also of many buyers snapping up older units! 

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 © 2019 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.