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Royal Ambassador Condos

Royal Ambassador Condos for Sale
Fort Lauderdale 2017

Welcome to my October 2017 / November 2017 post on Royal Ambassador 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 are currently 4 condo units for sale here in the Royal Ambassador on Galt Ocean Mile

There have been 8 sales of condos here over the last 12 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 AND 12 months!

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

Key Statistics for Buyers / Sellers
  • Prices from $239,000 – $475,000

Median Prices

  • Median List Price $272,500
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price last 6 Months $240,500
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $285.00
    Median Sales to List Price 96%
  • Days on Market 70 Days
View Royal Ambassador condominium Galt Ocean Mile Fort Lauderdale
View Royal Ambassador condominium Galt Ocean Mile Fort Lauderdale

Royal Ambassador
Condos for Sale

There are currently 4 condos for sale here in Royal Ambassador Fort Lauderdale – this is down slightly from the 5 x Royal Ambassador condos for sale as in our last post for August / September 2017

Here is the market report is for the 4 x Royal Ambassador condos for sale Fort Lauderdale

BEDS / BATHS LA LP$
Min 1 / 1 800 $239,000
Max 2 / 2 1130 $475,000
Avg 1 / 1 882 $314,750
Median 1 / 1 800 $272,500

We can see from the market report on units for sale that the average price for a unit is $314,750 this being for a 1 bedroom 1 bathroom unit of 882 square feet 

We can also see from this report that the median price for a unit is $272,500 – this being for a 1 bedroom 1 bathroom unit of 800 square feet. 

Note: median prices are down by over $40,000 from our last post for August / September 2017!

In our last post the the median price for a unit was $319,900 – this being for a 1 bedroom 1 bathroom unit of 965 square feet. 

Square Foot Prices
Condos for Sale

Here is our market summary report showing square foot prices for Fort Lauderdale Condos here in Royal Ambassador

LP$/SqFt
Min $299.00
Max $420.00
Avg $350.00
Median $341.00

We can see from this report that the median square foot price for a Fort Lauderdale condo for sale here in the Royal Ambassador is $341.00 – down from $369.00 in our last post!

Also important to note is the highest square foot price at $420.00!

Oceanfront views Fort Lauderdale condo for sale Royal Ambassador on Galt Ocean Mile
Oceanfront views Fort Lauderdale condo for sale Royal Ambassador on Galt Ocean Mile

Royal Ambassador
Prices by Bedroom

Here are the median prices for Royal Ambassador condos for sale by bedroom:

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 800 $250,000 $312.00
2 / 2 1130 $475,000 $420.00

We can see that the median price for:

  • There are currently no Royal Ambassador studios for sale However in the last post when a Royal Ambassador studio was for sale – the median price was $194,400 – this being for a unit of 600 square feet with a list price to square foot price of $324.00
  • 1 Bedroom Royal Ambassador condos for sale is $250,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $312.00 – In our last post the median price for 1 Bedroom Royal Ambassador condos for sale was higher at $295,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $369.00
  • 2 Bedroom Royal Ambassador condos for sale is $475,000 – this being for a 2 bedroom 2 bathroom unit of 1130 square feet with a list price to square foot price of $420.00  – In the last post the median price was the same at $475,000 – this being for a 2 bedroom 2 bathroom unit of 1130 square feet with a list price to square foot price of $420.00
  • There are currently no 3 Bedroom Royal Ambassador condos for sale – However in the last post when there were 3 Bedroom Royal Ambassador condos for sale the median price was $539,000 – this being for a 3 bedroom 2 bathroom unit of 1690 square feet with a list price to square foot price of $371.00

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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Royal Ambassador
New Condo Listings

There has been no new listings in the Royal Ambassador over the last 30 days – this is the same number of new listings as in our last post!

Royal Ambassador
Pending Sales

There are currently no Galt Ocean Mile condos pending sale here in Royal Ambassador!

In our last post there was 1 unit pending sale – Unit 504 a 1 Bedroom Royal Ambassador condo which was listed for sale for $229,000.

Unit 504 is 1 bedroom 1 bathroom 800 square foot Galt Ocean Mile condo and had a list price to square foot price of $286.00.

This unit was in original condition!

View Galt Ocean Mile condo in Royal Ambassador unit recently sold - Unit 504
View Galt Ocean Mile condo in Royal Ambassador unit recently sold – Unit 504

Royal Ambassador
Recent Sales – Last 6 Months

There have been just 1 sale of a Galt Ocean Mile condo here in Royal Ambassador over the last 6 months!

It is important to note that this is well down from the 5 sales for the preceding 6 months we reported in our last post!

Our market analysis report for the 1 unit sold is presented below.

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1130 $399,999 $354.00

We can see from this report that a 2 bedroom unit here in Royal Ambassador sold for $399,999 – this condo – Unit 201 was a 2 bedroom 2 bathroom unit with a sales price to square foot price of $354.00

Unit 201 was a totally renovated condo and featured: ceramic and laminate flooring, a washer and dryer in unit, Quartz counter-tops in the kitchen and Crown molding throughout.

This condo has lots of natural lighting and high impact windows!

Given such a small number of sales over the last 6 months – we look at Royal Ambassador sales over the last 12 months below!

Royal Ambassador
Recent Sales – Last 12 Months

There have been 8 sales of Galt Ocean Mile condos here in Royal Ambassador over the last 12 months!

Our market analysis report for these 8 sales is presented below.

BEDS / BATHS LA SP$
Min 0 / 1 600 $170,000
Max 3 / 2 1130 $489,000
Avg 1 / 1 790 $273,562
Median 1 / 1 800 $240,500

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 $273,562 – this being for a 1 bedroom 1 bathroom unit of 790 square feet!

We can also see that the median sales price for a unit here in Royal Ambassador has been $240,500 – this being for a 1 bedroom 1 bathroom unit of 800 square feet!

Median Sales Prices
by Bedroom

Here is our market summary report showing the median sales prices by bedroom for condos sold over the last 12 months here in the Royal Ambassador.

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 600 $170,000 $283.00
1 / 1 800 $240,500 $286.00
2 / 2 1130 $399,999 $354.00
3 / 2 1327 $489,000 $369.00

We can from this report that the median sales price for:

Royal Ambassador studios units sold has been $170,000 – this being for a 1 bathroom unit of 600 square feet with a list price to square foot price of $283.00 

1 Bedroom Royal Ambassador condos sold has been $240,500 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $286.00

2 Bedroom Royal Ambassador condos sold has been $399,999 – this being for a 2 bedroom 2 bathroom unit of 1130 square foot unit with a list price to square foot price of $354.00

3 Bedroom Royal Ambassador condos sold has been $489,000 – this being for a 3 bedroom 2 bathroom unit of 1327 square foot unit with a list price to square foot price of $369.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL the Fort Lauderdale Condos sold here in Royal Ambassador over the last 12 months.

SP$/SqFt
Min $263.00
Max $354.00
Avg $297.00
Median $285.00

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 $285.00 per sq ft.

It is also important to note is the highest price paid at $354.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Fort Lauderdale Condos for sale here in Royal Ambassador – 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 100%
Avg 96%
Median 96%

We can see from this report that BOTH the average and median sales price to list price for Galt Ocean Mile condos sold here in Royal Ambassador over the last 12 months has been 96%

This means if a Fort Lauderdale condo for sale here in Royal Ambassador is listed at $350,000 – then based on median sales data the condo could  be expected to sell for 96% of that amount or $345,600 based on MLS data.

Days on Market

Days on market for 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 12 months.

DOM
Min 5
Max 334
Avg 94
Median 70

We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is 70 days or just 10 weeks!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Royal Ambassador
Condo Sales Itemized

Here is the data for each of the Galt Ocean Mile condos sold over the last 12 months here in Royal Ambassador

CONDO BEDS / BATHS LA SP$
Unit 1511 3 / 2 1327 $489,000
Unit 201 2 / 2 1130 $399,999
Unit 308 1 / 1 800 $268,500
Unit 608 1 / 1 800 $252,000
Unit 504 1 / 1 800 $229,000
Unit 1112 1 / 1 800 $210,000
Unit 1509 0 / 1 600 $170,000
Unit 302 0 / 1 600 $170,000

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 1511 a 3 bedroom 2 bathroom condo which sold for $489,000!

Unit 1511 sold for 100% of its list price and had 103 days on market! 

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Royal Ambassador is a popular direct oceanfront condominium here on the famous Galt Ocean Mile – and is a complex I really love!

We currently have a good selection of 1 bedroom condos for sale!

Sales activity has slumped over the last 6 months – but I am expecting this to pick up as we move closer to the Holidays and Season!

I hope you have enjoyed this post on Fort Lauderdale condos for sale here in Royal Ambassador – by Kevin Wirth Realtor