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

Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our May 2020 / June 2020 pricing guide for Ocean Royal Ambassador Galt Ocean Mile condos for sale 3700 Galt Ocean Drive Fort Lauderdale Florida.

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 2 x Royal Ambassador Galt Ocean Mile condos for sale – both 1 bedroom units!

There have been 4 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
  • Pricing from $339,000 – $348,000
    – 1 Bedroom 1 Bathroom Units!

Median Sales Prices

  • Sales Price last 6 Months $450,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $363.00
  • Sales to List Price 96%
  • Days on Market 53 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 is currently 2 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – both 1 bedroom units!

This is up from the 1 condos for sale in our last post for March 2020 / April 2020  

Here is the market report for the 2 x Royal Ambassador condos for sale Fort Lauderdale

BEDS / BATHS LA LP$
Min 1 / 1 800 $339,000
Max 1 / 1 800 $348,000
Avg 1 / 1 800 $343,500
Median 1 / 1 800 $343,500

We can see from this report that the median list price for a Royal Ambassador condo currently for sale for $343,500this being for a 1 bedroom 1 bathroom condo of 800 square feet.

In our last post median for a Royal Ambassador condo currently for for sale was lower at $339,000 – this also being for a 1 bedroom 1 bathroom condo of 800 square feet!


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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View 2 bedroom Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale recently sold Unit 1001
2 bedroom Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Dr recently sold 1001

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 – In our last post there had been 1 new listing this being for unit 704 a I bedroom unit!

Royal Ambassador
Pending Sales

There are currently no Royal Ambassador Galt Ocean Mile condos under contract and pending sale  – this is down from 2 units pending sale as in our last post!

Royal Ambassador
Recent Sales – Last 6 Months

There have been 4 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months

This is down slightly from the 5 sales over the preceding 6 months as in our last post for March 2020 / April 2020!

Our market analysis report for these 4 units sold is presented below.

BEDS / BATHS LA SP$
Min 0 / 1 600 $200,000
Max 3 / 2 1,580 $532,000
Avg 2 / 2 1,110 $408,000
Median 2 / 2 1,130 $450,000

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 $408,000 – this being for a 2 bedroom 2 bathroom unit of 1110 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 $450,000 – this being for a 2 bedroom 2 bathroom unit – a unit of of 1130 square feet

In our last post the median sales price for a unit sold here in Royal Ambassador over the preceding 6 months was a little lower at $440,000 – 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 1 Bedroom Galt Ocean Mile condo for sale Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale
View 1 Bedroom Galt Ocean Mile condo for sale Royal Ambassador 3700 Galt Ocean Drive

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
0 / 1 600 $200,000 $333.00
2 / 2 1,130 $450,000 $398.00
3 / 2 1,580 $532,000 $337.00

We can see that the median sales prices for:

  • Royal Ambassador Galt Ocean Mile Studio’s sold over the last 6 months has been $200,000 – this being for a 1 bathroom unit of 600 square feet with a sales price to square foot price of $333.00 – In our last post there had been no studio units sold here in the Royal Ambassador based on MLS records!
  • There have been no 1 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 months based on MLS records In our last post however the median for 1 Bedroom Royal Ambassador condos sold over the preceding 6 months was $262,000 – 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 Galt Ocean Mile condos sold over the last 6 months has been $450,000 – this being for a 2 bedroom 2 bathroom unit of 1,130 square feet with a sales price to square foot price of $398.00 – In our last post the median for 2 Bedroom Royal Ambassador condos sold over the preceding 6 months was higher at $488,500 – this being for a 2 bedroom 2 bathroom unit of 1,240 square feet with a sales price to square foot price of $394.00
  • 3 Bedroom Royal Ambassador Galt Ocean Mile condos sold over the last 6 months has been $532,000 – this being for a 3 bedroom 2 bathroom unit of 1,580 square feet with a sales price to square foot price of $337.00 In our last post the median for 3 Bedroom Royal Ambassador condos sold over the preceding 6 months was the same at $532,000 – this being for a 3 bedroom 2 bathroom unit of 1,580 square feet with a sales price to square foot price of $337.00

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 $333.00
Max $407.00
Avg $367.00
Median $363.00

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 $363.00 per sq ft

It is important to note that this is up from $343.00 in our last post.

It is also important to note is the highest price paid at $407.00!

% 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 94%
Max 100%
Avg 96%
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%

It is important to note that this is up from 94% as in our last 2 posts!

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 $336,000 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 19
Max 304
Avg 108
Median 53

We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is 52 days or under 2 months – this is up ever so slightly from 51 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.

View Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale recently sold Unit 1011
View Galt Ocean Mile condo Royal Ambassador 3700 Galt Ocean Drive recently sold 1011

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 1011 3 / 2 1,580 $532,000
Unit 410 2 / 2 1,130 $460,000
Unit 1001 2 / 2 1,130 $440,000
Unit 1709 0 / 1 600 $200,000

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 1011 a 3 bedroom condo which sold for $532,000!

Unit 1011 was a 3 bedroom 2 bathroom 1580 square foot Galt Ocean Mile condo and this unit sold for $337.00 per square foot.

Unit 1011 sold for 94% of its list price and had just 21 days on market – or 3 weeks!

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 2 units for sale!

Despite this low inventory we have seen good sales activity here in Royal Ambassador over the last 6 months with 4 units sold!

Buyer and sales activity has slowed right down due to the Corona Virus – but with Fort Lauderdale opening up, I am confident that the market will soon be busy!

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 © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.