Royal Ambassador
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our November 2020 / December 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.
Search Royal Ambassador Condos
There are currently 8 x Royal Ambassador Galt Ocean Mile condos for sale – of which 1 is a new listing (a 1 bedroom unit)
There have been just 2 sales of condos here over the last 6 months – (both 1 bedroom units)
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 $229,000 – $550,000
Median Sales Prices
- Sales Prices last 6 Months
Pricing from $285,000 – $320,000
– 1 Bedroom 1 Bathroom Units - Sales Price to Sq Ft Price $378.00
- Sales to List Price 91%
- Days on Market 12 Days
Royal Ambassador
Condos for Sale
There are currently 8 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida
Here is our market report for these 8 x Royal Ambassador condos for sale Fort Lauderdale:
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 800 | $229,000 |
| Max | 3 / 2 | 1,490 | $550,000 |
| Avg | 2 / 1 | 981 | $343,961 |
| Median | 1 / 1 | 800 | $294,895 |
We can see from this report that the median list price for a Royal Ambassador condo currently for sale for $294,895 – this being for a 1 bedroom 1 bathroom condo of 800 square feet
It is important to note that the median list price is down from our last 3 posts!
In our last post median for a Royal Ambassador condo currently for for sale was higher at $329,000 – this 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 higher at $343,500 – this being for a 1 bedroom 1 bathroom condo of 800 square feet.
In our prior post median for a Royal Ambassador condo currently for for sale was also higher at $343,500 – this being for a 1 bedroom 1 bathroom condo of 800 square feet.
It is also useful to look at median listing prices by bedroom which we do below!
Royal Ambassador Condos
Median List Prices
Here is our market summary report showing median list prices by bedroom for all the Royal Ambassador condos currently for sale.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 800 | $264,445 | $331.00 |
| 3 / 2 | 1,490 | $547,500 | $367.00 |
We can see from this report that the median list price for:
1 Bedroom Royal Ambassador Galt Ocean Mile condos for sale is $264,445 – this being for 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $331.00 – In our last post the median for 1 Bedroom Royal Ambassador Galt Ocean Mile condos for sale was higher at $301,950 – this being for 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $344.00
3 Bedroom Royal Ambassador Galt Ocean Mile condos for sale is $547,500 – this being for 3 bedroom 2 bathroom unit of 1490 square feet with a list price to square foot price of $367.00 – In our last post the median for 3 Bedroom Royal Ambassador Galt Ocean Mile condos for sale was slightly higher at $550,000 – this being for 3 bedroom 2 bathroom unit of 1490 square feet with a list price to square foot price of $369.00
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
kevinsellsmore@gmail.com
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View Galt Ocean Mile New Listings
Royal Ambassador
New Condo Listings
There has been 1 new listing of a Royal Ambassador Galt Ocean Mile condo for sale over the last 30 days – In our last post there was also 1 new listings – this being unit 611 a 3 bedroom 2 bathroom condo!
Our market analysis report for this unit is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 1214 | 1 / 1 | 870 | $249,000 |
We can see from this report that Unit 1214 a 1 bedroom Royal Ambassador condo has just been listed for sale for $249,000 – this 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $286.00
Unit 1214 offers great sunset views from your balcony! This Galt Ocean Mile condo for sale has impact windows and doors.
Royal Ambassador
Pending Sales
There are currently no x Royal Ambassador Galt Ocean Mile condo under contract and pending sale – this is down from 2 units pending sale as in our last post!
Royal Ambassador
Recent Sales – Last 6 Months
There have been just 2 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months – both of these have been for 1 bedroom units!
Our market analysis report for these 2 units sold is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 800 | $285,000 |
| Max | 1 / 1 | 800 | $320,000 |
| Avg | 1 / 1 | 800 | $302,500 |
| Median | 1 / 1 | 800 | $302,500 |
We can see from this report that the median sales price for a unit sold here in Royal Ambassador over the last 6 months has been $302,500 – this being for a 1 bedroom 1 bathroom unit – a unit of of 800 square feet
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Royal Ambassador condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $356.00 |
| Max | $400.00 |
| Avg | $378.00 |
| Median | $378.00 |
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 $378.00 per sq ft
It is also important to note is the highest price paid at $400.00!
% Sales to List Price
An important real estate indicator is how much buyers are paying for Royal Ambassador Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 87% |
| Max | 94% |
| Avg | 91% |
| Median | 91% |
We can see from this report that BOTH the average median sales price to list price for Royal Ambassador Galt Ocean Mile condos over the last 6 months has been 91%
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 91% of that amount or $364,000 based on MLS data.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Royal Ambassador is an important indicator of demand for units in this complex.
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 6 |
| Max | 18 |
| Avg | 12 |
| Median | 12 |
We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is jusy 12 days or under 2 weeks.
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Royal Ambassador Condos
Sales Prices by Unit
Here is our summary for each of the units sold over the last 6 months here in Royal Ambassador – by Unit.
| BEDS / BATHS | LA | SP$ | |
| Unit 1007 | 1 / 1 | 800 | $320,000 |
| Unit 904 | 1 / 1 | 800 | $285,000 |
We can see from this report that:
Unit 1007 a 1 bedroom Royal Ambassador condo sold for $320,000 – this 1 bedroom 1 bathroom 800 square foot unit has a sales price to square foot price of $400.00
Unit 1007 is an elegantly renovated condo with a balcony that faces South East and overlooks the pool deck, beach and ocean.
This Galt Ocean Mile condo features: Porcelain tile flooring throughout, an open kitchen, Granite counters, GE profile appliances, a tankless hot water heater, enlarged master closet and impact windows / new impact door.
Unit 1007 sold for 94% of its list price and had just 6 days on the market!
Unit 904 a 1 bedroom Royal Ambassador condo sold for $285,000 – this 1 bedroom 1 bathroom 800 square foot unit has a sales price to square foot price of $356.00
Unit 904 has a private balcony that offers unobstructed ocean views as these lines or stacks are the closest balconies to the beach!
This Galt Ocean Mile condo features: newer hurricane windows and balcony door, a 2018 hot water heater, an entry foyer that opens to a large living and dining room combination. The unit has a fully applianced kitchen and a large ocean view master with En-Suite!
Unit 904 sold for 87% of its list price and had just 18 days on the market!
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 8 x Royal Ambassador condos for sale – a mix of 1, 2 and 3 bedroom units!
Sales activity here in Royal Ambassador over the last 6 months has been slow with just 2 units sold!
This slow sales activity is in my mind is a reflection of the Corona Virus and the closing on buildings along Galt Ocean Mile to Realtors for several months!
However I am pleased to report that buyers activity is back on the rise here on Galt Ocean Mile!
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.