View of Fort Lauderdale Oceanfront Condos

Sept / Oct 2019 Condo Pricing Guide

Fort Lauderdale
Condos Pricing Guide

Here is our September 2019 / October 2019 condo pricing guide for Fort Lauderdale condos recently sold – this being based on median sales prices for all condos sold over the last 60 days here in Broward County.

BEDS / BATHS LA SP$
ALL 2 / 2 1,132 $176,000
Waterfront 2 / 2 1,197 $205,000
Oceanfront 2 / 2 1,352 $407,625
Galt Ocean 2 / 2 1,495 $462,500
Luxury 3 / 2 2,000 $703,750

We can see from this report how the median sales price is $176,000 for ALL Fort Lauderdale condos sold over the last 60 days – This is down a little from $180,000 as in our last post for July / August 2019! 

We can also see how the median sales price changes across different condo “categories” all the way up-to the median sales price of $703,750 for luxury Fort Lauderdale condos.

It is important to note that:

  • Median sales prices for Waterfront and Luxury condos sold over the last 60 days are both down!
  • Median sales price for Fort Lauderdale Oceanfront condos and Galt Ocean Mile condos are both up!

View 2 bedroom Fort Lauderdale Oceanfront condo recently sold in Hollywood
View 2 bedroom Fort Lauderdale Oceanfront condo recently sold in Hollywood

Our summary report above shows us that over the last 60 days: 

  • Fort Lauderdale Waterfront condos have had median sales price of $205,000 – this being for a 2 bedroom 2 bathroom unit of 1197 sq ft – In our last post the median sales price for waterfront condos was higher at $215,000 – this being for a 2 bedroom 2 bathroom unit of 1162 sq ft
  • Fort Lauderdale Oceanfront condos have had a median sales price of $407,625 – this being for a 2 bedroom 2 bathroom unit of 1352 sq ft – In our last post the median sales price for oceanfront condos was lower at $380,000 – this being for a 2 bedroom 2 bathroom unit of 1200 sq ft
  • Galt Ocean Mile “direct oceanfront” condos have had a median sales price of $462,500 – this being for a 2 bedroom 2 bathroom unit of 1495 sq ft – In our last post the median sales price for Galt Ocean Mile condos was lower at $430,000 – this being for a 2 bedroom 2 bathroom unit of 1420 sq ft
  • Fort Lauderdale Luxury condos have had a median sales price of $703,750 – this being for a 3 bedroom 2 bathroom unit of 2000 sq ft – In our last post the median sales price for luxury condos was higher at $732,500 – this being for a 3 bedroom 2 bathroom unit of 1948 sq ft

In this months post I also review recent sales for Fort Lauderdale condos by bedroom for both Oceanfront condos and Galt Ocean Mile direct oceanfront condos.

Read our last Fort Lauderdale Condo Pricing Guide

View 2 bedroom Galt Ocean Mile condo recently sold Playa del Mar
View 2 bedroom Galt Ocean Mile condo recently sold in Playa del Mar 3900 Galt Ocean Drive

Oceanfront Condos
Prices by Bedroom

Here is the market analysis report for Fort Lauderdale Oceanfront Condo Sales – based on number of bedrooms.

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 570 $180,770 $334.00
1 / 1 874 $272,500 $287.00
2 / 2 1,490 $477,500 $324.00
3 / 2 2,180 $800,000 $383.00

We can see from this report the median prices for oceanfront units by bedroom.

Important to note are the changes in median prices by bedroom…

  • Oceanfront Studio sales have a median of $180,000 – this being for a unit of 570 square feet with a sales price to square foot price of $334.00 – In our last post the median for Oceanfront Studios was higher at $235,000 – this being for a unit of 486 square feet with a sales price to square foot price of $488.00
  • Oceanfront 1 bedroom condo sales have a median of $272,500  – this being for a 1 bedroom 1 bathroom unit of 874 square feet with a sales price to square foot price of $287.00 – In our last post the median for Oceanfront 1 bedroom condos was higher at $281,500  – this being for a 1 bedroom 1 bathroom unit of 880 square feet with a sales price to square foot price of $299.00
  • Oceanfront 2 bedroom condo sales have a median of $477,000  – this being for a 2 bedroom 2 bathroom unit of 1490 square feet with a sales price to square foot price of $324.00 – In our last post the median for Oceanfront 2 bedrooms was lower at $410,000  – this being for a 2 bedroom 2 bathroom unit of 1305 square feet with a sales price to square foot price of $324.00
  • Oceanfront 3 bedroom condos sales have a median of $800,000 – this being for a 3 bedroom 3 bathroom condo of 2180 square feet with a sales price to square foot price of $383.00 – In our last post the median for Oceanfront 3 bedroom condos was higher at $887,500 – this being for a 3 bedroom 3 bathroom condo of 2130 square feet with a sales price to square foot price of $403.00

Note: Median sales prices for oceanfront 3 bedroom condos can vary widely from month to month – especially given the number of 3 bedroom new construction projects / sales we currently have here in Fort Lauderdale!

View Galt Ocean Mile Condos Fort Lauderdale FL
View of the some of the very famous Galt Ocean Mile Condos here in Fort Lauderdale Florida!

Galt Ocean Mile
Prices by Bedroom

Galt Ocean Mile is one of the sought out “strips” of direct oceanfront condos here in Fort Lauderdale.

Galt Ocean Mile condos offer a mix of complexes and buildings from mid-century to luxury newer construction. 

Here is the market analysis report for Galt Ocean Mile* condo sales – based on bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,067 $289,950 $280.00
2 / 2 1,562 $487,500 $306.00
3 / 2 2,350 $805,000 $357.00

We can see from this report the median prices for Galt Ocean Mile condos by bedroom.

Again it is important to note are some of the changes in median prices by bedroom…

  • There have been no Galt Ocean Mile Studios sold over the last 60 days based on MLS dataHowever in the post when studios wre sold the median for Galt Ocean Mile studios was $235,000 -this being for a 1 bathroom unit of 450 square feet with a sales price to  square foot price of $522.00
  • Galt Ocean Mile 1 bedroom condos have a median price of $289,950 –this being for a 1 bedroom 1 bathroom unit of 1067 square feet with a sales price to  square foot price of $280.00 – In our last post the median for Galt Ocean Mile 1 bedroom condos was higher at $299,900 -this being for a 1 bedroom 1 bathroom unit of 1063 square feet with a sales price to  square foot price of $278.00
  • Galt Ocean Mile 2 bedroom condos have a median price of $487,500 –this being for a 2 bedroom 2 bathroom unit of 1562 square feet with a sales price for square foot price of $306.00 – In our last post the median for Galt Ocean Mile 2 bedroom condos was higher at $489,000 -this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a sales price for square foot price of $344.00
  • 3 bedroom units have a median price of $805,000 – this being for a 3 bedroom 2 bathroom unit of 2350 square feet with a sales price to square foot price of $357.00 –In our last post the median for 3 bedroom condos was higher at $975,000 – this being for a 3 bedroom 2 bathroom unit of 2150 square feet with a sales price to square foot price of $446.00

* Note for the purposes of this report Galt Ocean Mile data includes all oceanfront units in Zip 33308

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Summary

We currently have a great selection Fort Lauderdale condos for sale across all categories- from waterfront, oceanfront condos, Galt Ocean Mile condos and Luxury condos

There has been solid buyer activity this year to date – however prices have been “spongy” and days on market a little more extended than typical for this time of year!

It is definitely a buyers market and there is some great value to be had!

I hope you have enjoyed my post of Fort Lauderdale condos – by Kevin Wirth P.A. Realtor.

This statistical report on comparable Luxury Galt Ocean Mile condos 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.