Galt Ocean Mile Market Update
September / October 2024
Welcome to my Galt Ocean Mile Market Update for September / October 2024. In this update I outlined Key Statistics as well as my market commentary.
I also outline sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units.
Following this Galt Ocean Mile condo sales / Zip 33308 Oceanfront condos sales for the last 6 Months by unit.
Galt Ocean Mile Condos
2024 Key Statistics
- There have been 141 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – down slightly from 141 sales as in our last post – read our last post!
- Sales Prices from $248,500 – $4,300,000
- Median Days on Market – 62 Days (List to Close) – up from 49 Days! (List to Close) as in our last post!
- Median Sales Price to List Price – 95%
Studio Units
1 x Studio Unit Sold
Sales Price $325,000
– 0 Bed / 1 Bath Unit
Median Sp$/Sqft $1,048.00
1 Bedroom Units
32 x 1 Bedroom Units Sold
Sales Prices $210,000 – $649,900
Median Sales Price $435,000
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $434.00
2 Bedroom Units
72 x 2 Bedroom Units Sold
Sales Prices $210,000 – $1,525,000
Median Sales Price $700,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $464.00
3 Bedroom Units
31 x 3 Bedroom Units Sold
Sales Prices $675,000 – $4,300,000
Median Sales Price $1,775,000
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $761.00
Galt Ocean Mile Condos
Market Commentary
A very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos is months of supply…
- Our market has changed with over 8 Months of Supply for Galt Ocean Mile Condos for Sale – In earlier posts from a couple of years ago when we had been in a “Sellers” Market with 2.5 – 2.6 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2018, 2019, 2020, 2021, 2022 & 2023
Over 200 Condos Sold – yes by me personally
#1 Agent – Last 7+ Years (Residential & Condo Sales)
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our last post for Galt Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There has been just 1 sale of Galt Ocean Mile Studio / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post there also had just been 1 sale of a studio units over the preceding 6 months!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| BED S / BATH | LA | SP$ | SP$/SqFt | |
| Median | 0 / 1 | 644 | $325,000 | $505.00 |
We can also see from this report that the median sales price for Galt Ocean Mile Studio / Zip 33308 Oceanfront Studio sold over the preceding 6 months was $325,000 – this being for a 1 bathroom unit of 644 square feet with a sales price to square foot price of $505.00
In our last post the median sales price for Galt Ocean Mile Studio / Zip 33308 Oceanfront Studio sold over the preceding 6 months was the same at $325,000 – this being for a much smaller 1 bathroom unit of 310 square feet with a sales price to square foot price of $1,048.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 32 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been been 35 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 660 | $275,000 | $299.00 |
| Max | 1 / 2 | 1,370 | $649,900 | $612.00 |
| Avg | 1 / 1 | 976 | $435,356 | $453.00 |
| Median | 1 / 1 | 960 | $435,000 | $434.00 |
We can see from this report that the average sales price for 1 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $435,356 – this being for a 1 bedroom 1 bathroom unit of 976 square feet with a sales price to square foot price of $453.00
We can also see from this report that the median sales price for a 1 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $435,000 – this being for a 1 bedroom 1 bathroom unit of 960 square feet with a sales price to square foot price of $434.00
In our last post the median sales price for a 1 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months was the same at $435,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a sales price to square foot price of $447.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 69 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 72 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS/BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 1,100 | $210,000 | $156.00 |
| Max | 2 / 3 | 1,950 | $1,525,000 | $992.00 |
| Avg | 2 / 2 | 1,549 | $739,609 | $478.00 |
| Median | 2 / 2 | 1,575 | $700,000 | $464.00 |
We can see from this report that the average sales price for a 2 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $739,609 – this being for a 2 bedroom 2 bathroom unit of 1549 square feet with a sales price to square foot price of $478.00
We can also see from this report that the median sales price for a 2 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $700,000 – this being for a 2 bedroom 2 bathroom unit of 1575 square feet with a sales price to square foot price of $464.00
In our last post the median sales price for a 2 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the preceding 6 months was the same at $700,000 – this being for a 2 bedroom 2 bathroom unit of 1514 square feet with a sales price to square foot price of $468.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 31 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had also been 31 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,490 | $675,000 | $282.00 |
| Max | 3 / 4 | 4,940 | $4,300,000 | $1,240.00 |
| Avg | 3 / 3 | 2,355 | $1,855,606 | $760.00 |
| Median | 3 / 3 | 2,124 | $1,775,000 | $761.00 |
We can see from this report that the average sales price for a 3 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $1,855,606 – this being for a 3 bedroom 3 bathroom unit of 2355 square feet with a sales price to square foot price of $760.00
We can also see from this report that the median sales price for a 3 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $1,775,000 – this being for a 3 bedroom 2 bathroom unit of 2124 square feet with a sales price to square foot price of $761.00
In our last post the median sales price for a 3 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the preceding 6 months was $1,750,000 – this being for a 3 bedroom 2 bathroom unit of 2102 square feet with a sales price to square foot price of $760.00
Galt Ocean Mile Condos
4 Bedroom Units
There have been no sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condo over the last 6 months – This is the same as our last 3 posts!