Galt Ocean Mile Market Update
Aug 2022 / Sept 2022
Welcome to my Galt Ocean Mile Market Update for August / September 2022. 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
2022 Key Statistics
- There have been 185 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – up ever so slightly from 183 sales as in our last post!
- Sales Prices from $204,000 – $5,250,000
- Median Days on Market – 23 Days! (List to Close)
- Median Sales Price to List Price – 98.2%
Studio Units
5 x Studio Units Sold
Sales Prices $247,000 – $330,000
Median Sales Price $290,000
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $633.00
1 Bedroom Units
46 x 1 Bedroom Units Sold
Sales Prices $204,000 – $625,000
Median Sales Price $402,500
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $416.00
2 Bedroom Units
99 x 2 Bedroom Units Sold
Sales Prices $320,000 – $1,550,000
Median Sales Price $740,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $460.00
3 Bedroom Units
32 x 3 Bedroom Units Sold
Sales Prices $900,000 – $3,999,900
Median Sales Price $1,677,500
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $671.00
4 Bedroom Units
2 x 4 Bedroom Units Sold
Sales Prices $1,511,000 – $5,000,000
Median Sales Price $3,255,500
– 4 Bed / 4 Bath Unit
Median Sp$/Sqft $955.00
6 Bedroom Units
1 x 6 Bedroom Unit Sold
Sales Price $5,250,000
– 4 Bed / 4 Bath Unit
Sp$/Sqft $745.00
Galt Ocean Mile Condos
Market Commentary
Here are two very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos
- Continued Low Numbers of Galt Oceanfront Condos for Sale!
- Sellers Market – 1.9 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2016, 2017, 2018, 2019 & 2020
201 Condos Sold – yes by me personally
#1 Agent – Last 5+ Years
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our January 2022 / February 2022 post for Galt Ocean Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There have been 5 sales of Galt Ocean Mile Studios / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post for June / July 2022 there had also been 5 sales of studio units!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 0 / 1 | 310 | $247,000 | $500.00 |
| Max | 0 / 1 | 644 | $330,000 | $935.00 |
| Avg | 0 / 1 | 457 | $290,380 | $684.00 |
| Median | 0 / 1 | 390 | $290,000 | $633.00 |
We can see from this report that the average sales price for a Galt Ocean Mile studio / Zip 33308 Oceanfront studio sold over the last 6 months has been $290,380 – this being for a 1 bathroom unit of 457 square feet with a sales price to square foot price of $684.00 – The same as in our last post!
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 $290,000 – this being for a 1 bathroom unit of 390 square feet with a sales price to square foot price of $633.00 – also the same as in our last post!
Galt Ocean Mile Condos
1 Bedroom Units
There have been 46 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 50 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 600 | $204,000 | $302.00 |
| Max | 1 / 1 | 1,450 | $625,000 | $610.00 |
| Avg | 1 / 1 | 966 | $410,049 | $432.00 |
| Median | 1 / 1 | 990 | $402,500 | $416.00 |
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 $410,049 – this being for a 1 bedroom 1 bathroom unit of 966 square feet with a sales price to square foot price of $432.00
In our last post the average sales price for 1 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the preceding 6 months was lower at $373,287 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a sales price to square foot price of $407.00
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 $402,500 – this being for a 1 bedroom 1 bathroom unit of 990 square feet with a sales price to square foot price of $416.00
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 also lower at $380,000 – this being for a 1 bedroom 1 bathroom unit of 960 square feet with a sales price to square foot price of $379.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 99 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 97 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 350 | $320,000 | $286.00 |
| Max | 2 / 2 | 2,350 | $1,550,000 | $914.00 |
| Avg | 2 / 2 | 1,607 | $761,903 | $473.00 |
| Median | 2 / 2 | 1,642 | $740,000 | $460.00 |
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 $761,903 – this being for a 2 bedroom 2 bathroom unit of 1607 square feet with a sales price to square foot price of $473.00
In our last post the average sales price for a 2 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the preceding 6 months was lower at $734,147 – this being for a 2 bedroom 2 bathroom unit of 1571 square feet with a sales price to square foot price of $467.00
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 $740,000 – this being for a 2 bedroom 2 bathroom unit of 1642 square feet with a sales price to square foot price of $460.00
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 also lower at $700,000 – this being for a 2 bedroom 2 bathroom unit of 1620 square feet with a sales price to square foot price of $431.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 32 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 28 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,836 | $900,000 | $378.00 |
| Max | 3 / 4 | 3,000 | $3,999,900 | $1,333.00 |
| Avg | 3 / 3 | 2,392 | $1,773,913 | $731.00 |
| Median | 3 / 2 | 2,400 | $1,677,500 | $671.00 |
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 $1,773,913 – this being for a 3 bedroom 2 bathroom unit of 2392 square feet with a sales price to square foot price of $731.00
In our last post the average sales price for a 3 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the preceding 6 months was higher at $1,835,546 – this being for a 3 bedroom 2 bathroom unit of 2445 square feet with a sales price to square foot price of $741.00
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 $1,677,500 – this being for a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $671.00
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 also higher at $1,727,500 – this being for a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $661.00
Galt Ocean Mile Condos
4 Bedroom Units
There have been just 2 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had also been just 2 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 4 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 4 / 3 | 2,100 | $1,511,000 | $720.00 |
| Max | 4 / 4 | 4,200 | $5,000,000 | $1,190.00 |
| Median | 4 / 3 | 3,150 | $3,255,500 | $955.00 |
We can also see from this report that the median sales price for a 4 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $3255,500 – this being for a 4 bedroom 4 bathroom unit of 3150 square feet with a sales price to square foot price of $955.00
In our last post the median sales price for a 4 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the preceding 6 months was lower at $2,312,725 – this being for a 4 bedroom 4 bathroom unit of 3977 square feet with a sales price to square foot price of $571.00
Galt Ocean Mile Condos
6 Bedroom Units
There have been just 1 sales of a 6 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – The same as in our last post!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 6 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Median | 6 / 6 | 7,050 | $5,250,000 | $745.00 |
We can also see from this report that the sales price for a 6 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $5,250,000 – this being for a 6 bedroom 6 bathroom unit of 7050 square feet with a sales price to square foot price of $745.00 – the same as in our last post!