View Royal Ambassador Galt Ocean Mile condo 3700 Galt Ocean Drive Fort Lauderdale

Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos for Sale

Welcome to my November 2019 / December 2019 post on Royal Ambassador Galt Ocean Mile Condos for Sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Royal Ambassador offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

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There is currently just 1 x Royal Ambassador Galt Ocean Mile condos for sale – a 2 bedroom unit!

There have been 6 sales of condos here over the last 6 months.

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft. 

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales prices to list price %) as well as the highest prices paid over the last 6 months!

We also compare recent sales trends in Royal Ambassador – Important information for both buyers and sellers!

Royal Ambassador
Galt Ocean Mile – Key Statistics
Royal Ambassador Address: 3700 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Priced at $470,000
    – 2 Bedroom 2 Bathroom Units

Median Prices

  • Sales Price last 6 Months $372,500
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $343.00
  • Median Sales to List Price 96%
  • Days on Market 131 Days
View Galt Ocean Mile condominium Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale
Galt Ocean Mile condominium Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale

Royal Ambassador
Condos for Sale

There are currently just 1 x Royal Ambassador Galt Ocean Mile condo for sale here in Fort Lauderdale Florida.

It is important to note that this is well down from the 3 condos for sale in our last post for July 2019 / August 2019  which in turn was well down from the 6 x Royal Ambassador condos for sale as in our prior post for February 2019 / March 2019

Here is the market report for the 1 x Royal Ambassador condos for sale Fort Lauderdale

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,130 $470,000 $416.00

We can see from this report that a 2 bedroom Royal Ambassador condo is currently for sale for $470,000this 2 bedroom 2 bathroom 1130 square foot unit has a list price to square foot price of $416.00


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!

Kevin Wirth P.A.  – Realtor
Galt Ocean Mile Specialist
954-459-0337

kevinsellsmore@gmail.com

Click here to email me now

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Royal Ambassador
New Condo Listings

There have been no new listings of Royal Ambassador Galt Ocean Mile condos for sale over the last 30 days

Royal Ambassador
Pending Sales

There are currently no Royal Ambassador Galt Ocean Mile condos pending sale – this is the same as in our last 2 posts!

Royal Ambassador
Recent Sales – Last 6 Months

There have been 6 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months this is up from 5 sales over the preceding 6 months as in our last post!

Our market analysis report for these 6 units sold is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 800 $250,000
Max 3 / 2 1,490 $537,000
Avg 2 / 2 1,062 $376,000
Median 1 / 1 965 $372,500

We can see from this report that the average sales price for a unit here in Royal Ambassador over the last 6 months has been $376,000 – this being for a 2 bedroom 2 bathroom unit of 1062 square feet!

We can also see that the median sales price for a unit sold here in Royal Ambassador over the last 6 months has been $372,500 – this also being for a 1 bedroom 1 bathroom unit – a unit of of 965 square feet

In our last post the median sales price for a unit sold here in Royal Ambassador over the preceding 6 months was higher at $430,000 – this being for a 2 bedroom 2 bathroom unit  – a unit of of 1130 square feet

It is also useful to look at median sales prices by bedroom – which we do below!

View Galt Ocean Mile condo recently sold Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale Unit 710
View Galt Ocean Mile condo recently sold Royal Ambassador 3700 Galt Ocean Drive Unit 710

Royal Ambassador
Sales Prices by Bedroom

Here are the median sales prices for Royal Ambassador Galt Ocean Mile condos sold over the last 6 months by unit / by bedroom

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 800 $274,000 $328.00
2 / 2 1,240 $483,500 $389.00
3 / 2 1,490 $450,000 $302.00

We can see that the median sales prices for:

  • 1 Bedroom Royal Ambassador condos sold over the last 6 months has been $274,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a sales price to square foot price of $328.00
  • 2 Bedroom Royal Ambassador condos sold over the last 6 months has been $483,500 – this being for a 2 bedroom 2 bathroom unit of 1,240 square feet with a sales price to square foot price of $389.00
  • 3 Bedroom Royal Ambassador condos sold over the last 6 months has been $450,000 – this being for a 3 bedroom 2 bathroom unit of 1,490 square feet with a sales price to square foot price of $302.00 

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Royal Ambassador condos sold over the last 6 months.

SP$/SqFt
Min $302.00
Max $398.00
Avg $347.00
Median $343.00

We can see from this report that the median sales price to square foot price paid for a Royal Ambassador condo sold over the last 6 months has been $343.00 per sq ft

It is important to note that this is up from $330.00 in our last post and well up from $266.00 as in our prior post!

It is also important to note is the highest price paid at $398.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Royal Ambassador Galt Ocean Mile condos for sale – 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 90%
Max 97%
Avg 94%
Median 96%

We can see from this report that median sales price to list price for Royal Ambassador Galt Ocean Mile condos over the last 6 months has been 96% the same as in our last post!

This means if a Fort Lauderdale condo for sale here in Royal Ambassador is listed at $400,000 – then based on median sales data the condo could  be expected to sell for 96% of that amount or $384,000 based on MLS data.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in Royal Ambassador is an important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 30
Max 173
Avg 113
Median 136

We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is 136 days or approximately 4.5 months

It is important to note that this down from 151 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.

Aerial view Galt Ocean Mile condominium Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale
Galt Ocean Mile condominium Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale

Royal Ambassador
Condo Sales Itemized

Here is the data for each of the Royal Ambassador Galt Ocean Mile condos sold over the last 6 months

BEDS / BATHS LA SP$
Unit 1205 2 / 2 1,350 $537,000
Unit 915 3 / 2 1,490 $450,000
Unit 710 2 / 2 1,130 $430,000
Unit 1703 1 / 1 800 $315,000
Unit 703 1 / 1 800 $274,000
Unit 1012 1 / 1 800 $250,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 1205 a 2 bedroom condo which sold for $537,000!

Unit 1205 was a 2 bedroom 2 bathroom 1350 square foot Galt Ocean Mile condo and this unit sold for $398.00 per square foot.

Unit 1205 sold for 91% of its list price and had just 30 days on market – or 1 month!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Royal Ambassador Galt Ocean Mile condos are popular direct oceanfront units here on the famous Galt Mile Beach – and this complex I really love!

We currently have a very low inventory of Royal Ambassador condos for sale with just 1 unit for sale!

We have seen continued good sales activity here in Royal Ambassador over the last 6 months with 6 units sold – amazing given we have been in a period of low inventory!

I hope you have enjoyed this post on Royal Ambassador Galt Ocean Mile Condos for Sale – by Kevin Wirth Realtor

This statistical report on comparable Royal Ambassador properties 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.