View of Galt Ocean Mile beach from the sun deck at Royal Ambassador

Royal Ambassador Condos

Royal Ambassador
Fort Lauderdale

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

Search Royal Ambassador Condos

There are currently 9 condo units for sale here in the Royal Ambassador on Galt Ocean Mile 

There have been 3 sales of condos here over the last 6 months and currently there is 1 condo currently pending sale!

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 to 2014 sales. Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Prices from $179,900 – $550,000

Median Prices

  • Median List Price $296,800
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price last 6 Months $294,250
  • Median Sales to List Price 95%
  • Days on Market 116 Days
View from a Royal Ambassador condo for sale
View of Galt Ocean Mile from a Royal Ambassador condo for sale

Royal Ambassador
Condos for Sale

There are currently 9 units for sale here in Royal Ambassador Fort Lauderdale.

Here is the market report is for Royal Ambassador condos for sale

 $$ Beds/Baths SF/FF List Price
High 3 / 2 1,200 $550,000
Low 0 / 1 600 $179,900
Avg 1 / 1 828 $313,044
Med 1 / 1 800 $296,800

 

We can see from the market report on units for sale that the median price for a unit is $296,800 – this being for a 1 bedroom 1 bathroom unit of 800 square feet 

In our last report for March / April the median price for a unit is $222,900 – this being for a 1 bedroom 1 bathroom unit of 800 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
High $399
Low $275
Avg $356
Med $371

 

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 $371.00 – which is well up from $313.00 as per our last post!

Note the highest square foot price at $399.00

Note in our last post there were only studio and 1 bedroom units for sale – in this post we also have 2 and 3 bedroom units for sale.

View of condos here in Royal Ambassador
View of condos here in Royal Ambassador

Royal Ambassador
Prices by Bedroom

The median prices for Royal Ambassador condos for sale by bedroom is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
0 / 1 600 $183,900 $313
1 / 1 800 $296,800 $371
2 / 2 1,200 $469,000 $391
3 / 2 1,650 $550,000 $333

 

We can see from this report that the median price for a:

  • Studio unit is $183,900this being for a unit of 600 square feet with a list price to square foot price of $313.00
  • 1 bedroom unit is $296,800this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $371.00
  • 2 bedroom unit is $296,800this being for a 2 bedroom 2 bathroom unit of 1200 square feet with a list price to square foot price of $391.00
  • 3 bedroom unit is $550,000this being for a 3 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $333.00

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 5 new listings in the Royal Ambassador over the last 30 days – all 1 bedroom units!

The market analysis report for these units is presented below

 $$ Beds/Baths SF/FF List Price
High 1 / 1 800 $319,000
Low 1 / 1 800 $219,900
Avg 1 / 1 800 $286,120
Med 1 / 1 800 $296,800

 

We can see from this report that the median price for a new listing here in Royal Ambassador has been $296,800.

We can also see the range of prices for these 1 bedroom units – from a low of $219,900 to a high of $319,000.

Royal Ambassador
Pending Sales

There are currently just 1 condo pending sale.

The market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,200 $368,000 $307

 

We can see from the report that a 2 bedroom 2 bathroom condos – Unit 1601 is currently pending sale – this condo was offered for sale for $368,000.

Unit 1601 is an Unapproved Short Sale and has had 2135 days on market – a long time!

Beach views from a Fort Lauderdale condo for sale in Royal Ambassador
Beach views from a condo for sale in Royal Ambassador

Royal Ambassador
Recent Sales – Last 6 Months

Here is our market analysis report for the most recent sales of condos in Royal Ambassador – sales made over the last 6 Months

 $$ Beds/Baths SF/FF Sale Price
High 2 / 2 1,250 $480,000
Low 1 / 1 800 $218,000
Avg 2 / 2 1,060 $330,750
Med 2 / 2 1,130 $294,250

 

We can also see from the above the median sales price for units in Royal Ambassador over the last 6 months has been $294,250 – this being based on a unit of 1130 square feet.

In our last post for March / April 2015 the median sales price for units in Royal Ambassador over the preceding 6 months was $334,000 – this being based on a unit of 1050 square feet.

Square Foot Prices
Condos Sold

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

 $$ SP$/SqFt
High $384
Low $260
Avg $306
Med $273

 

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 $273.00 per sq ft – the same as in our last post!

Important to note is the highest price paid at $384.00

% 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$/LP$
Avg 94%
Med 95%

 

We can see from this report that median sales price to list price for Fort Lauderdale condo here in Royal Ambassador  has been 95%

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 would sell for 95% of that amount or $332,500.

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 6 months.

 $$ Days on Market
Avg 113
Med 116

 

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Royal Ambassador is 116 days

We can also see the median days on market at just 116 days – or just under 4 months!

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

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Royal Ambassador is a great direct oceanfront condominium here on Galt Ocean Mile.

Median square foot sales prices over the last 6 months have dropped well under 2014 levels.

The average and median sales price for all sales in 2014 are presented below.

 $$ SP$/SqFt
Average $298
Median $291

 

You can see this drop in median sales prices over the last 6 months when comparing $273.00 to the median for all of 2014 at $291.00 – a $18.00 decline!

I personally think we will see median sales prices to square foot prices rise over the next few months – especially given the level of inventory for sale and the range of median square foot prices from $313.00 for a studio unit to $391.00 for a 3 bedroom unit.

Remember there have just been 3 sales over the last 6 months!

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