Galt Ocean Mile Market Update
April 2024 / May 2024
Welcome to my Galt Ocean Mile Market Update for April / May 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 83 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – up from 83 sales in our last post for February / March 2024
- Sales Prices from $210,000 – $4,300,000
- Median Days on Market – 49 Days (List to Close) – down from 50 Days! (List to Close) as in our last post!
- Median Sales Price to List Price – 95.6%
Studio Units
2 x Studio Units Sold
Sales Prices $310,000 – $325,000
Sales Prices $315,500
– 0 Bed / 1 Bath Unit
Median Sp$/Sqft $1,024.00
1 Bedroom Units
29 x 1 Bedroom Units Sold
Sales Prices $250,000 – $649,900
Median Sales Price $435,000
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $428.00
2 Bedroom Units
53 x 2 Bedroom Units Sold
Sales Prices $210,000 – $1,780,000
Median Sales Price $671,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $482.00
3 Bedroom Units
16 x 3 Bedroom Units Sold
Sales Prices $675,000 – $4,300,000
Median Sales Price $1,491,530
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $685.00
Galt Ocean Mile Condos
Market Commentary
A very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos is months of supply…
- Our market has dramatically changed with over 10 Months of Supply for Galt Ocean Mile Condos for Sale – In earlier posts we had been in a “Sellers” Market with 2.5 – 2.6 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2018, 2019, 2020, 2021, 2022 & 2023
Over 200 Condos Sold – yes by me personally
#1 Agent – Last 7+ Years (Residential & Condo Sales)
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our last post for Galt Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There has been 2 sales of Galt Ocean Mile Studio / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post for there had been just 1 sale of a studio units over the preceding 6 months!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| #BEDS | LA | SP$ | SP$/SqFt | |
| Min | 0 / 1 | 310 | $310,000 | $1,000.00 |
| Max | 0 / 1 | 310 | $325,000 | $1,048.00 |
| Avg | 0 / 1 | 310 | $317,500 | $1,024.00 |
| Median | 0 / 1 | 310 | $317,500 | $1,024.00 |
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 $317,500 – this being for a 1 bathroom unit of 310 square feet with a sales price to square foot price of $1,024.00
In our last post the median sales price for Galt Ocean Mile Studio / Zip 33308 Oceanfront Studio sold over the preceding 6 months was lower at $310,000 – this being for a 1 bathroom unit of 310 square feet with a sales price to square foot price of $1000.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 29 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been been 32 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 644 | $250,000 | $280.00 |
| Max | 1 / 2 | 1,320 | $649,900 | $729.00 |
| Avg | 1 / 1 | 968 | $432,052 | $458.00 |
| Median | 1 / 1 | 960 | $435,000 | $428.00 |
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 $432,052 – this being for a 1 bedroom 1 bathroom unit of 968 square feet with a sales price to square foot price of $458.00
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 $428.00
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 higher at $446,250 – this being for a 1 bedroom 1 bathroom unit of 965 square feet with a sales price to square foot price of $424.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 53 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 46 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| #BEDS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 1 | 904 | $210,000 | $156.00 |
| Max | 2 / 2 | 2,086 | $1,780,000 | $853.00 |
| Avg | 2 / 2 | 1,447 | $729,981 | $500.00 |
| Median | 2 / 2 | 1,442 | $671,000 | $482.00 |
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 $729,981 – this being for a 2 bedroom 2 bathroom unit of 1447 square feet with a sales price to square foot price of $500.00
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 $671,000 – this being for a 2 bedroom 2 bathroom unit of 1442 square feet with a sales price to square foot price of $482.00
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 higher at $715,000 – this being for a 2 bedroom 2 bathroom unit of 1465 square feet with a sales price to square foot price of $497.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 16 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been just 4 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,490 | $675,000 | $368.00 |
| Max | 3 / 4 | 4,940 | $4,300,000 | $1,467.00 |
| Avg | 3 / 3 | 2,365 | $1,879,879 | $767.00 |
| Median | 3 / 2 | 2,113 | $1,491,530 | $685.00 |
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 $1,879,879 – this being for a 3 bedroom 3 bathroom unit of 2365 square feet with a sales price to square foot price of $767.00
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 $1,491,530 – this being for a 3 bedroom 2 bathroom unit of 2113 square feet with a sales price to square foot price of $685.00
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 higher at $1,605,000 – this being for a 3 bedroom 2 bathroom unit of 2107 square feet with a sales price to square foot price of $762.00
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 post!