Galt Ocean Mile Market Update
Feb 2023 / Mar 2023
Welcome to my Galt Ocean Mile Market Update for February / March 2023. 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
2023 Key Statistics
- There have been 108 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – down from 137 sales in our last post and 185 sales as in our prior post!
- Sales Prices from $190,000 – $3,850,000
- Median Days on Market – 37 Days! (List to Close)
- Median Sales Price to List Price – 95.9%
Studio Units
2 x Studio Units Sold
Sales Prices $280,000 – $300,000
Median Sales Price $290,000
– 0 Bed / 1 Bath Unit
Median Sp$/Sqft $450.00
1 Bedroom Units
31 x 1 Bedroom Units Sold
Sales Prices $190,000 – $610,000
Median Sales Price $400,000
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $415.00
2 Bedroom Units
50 x 2 Bedroom Units Sold
Sales Prices $320,000 – $2,375,000
Median Sales Price $747,500
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $478.00
3 Bedroom Units
24 x 3 Bedroom Units Sold
Sales Prices $854,600 – $3,850,000
Median Sales Price $1,668,000
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $750.00
4 Bedroom Units
1 x 4 Bedroom Unit Sold
Sales Price $985,000
– 4 Bed / 3 Bath Unit
Median Sp$/Sqft $419.00
Galt Ocean Mile Condos
Market Commentary
Here are two very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos
- Our market is changing more towards what is considered a “Normal” Market with 5 Months of Supply for Galt Ocean Mile Condos for Sale – In our last post we were in a “Sellers” Market with 2.6 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2017, 2018, 2019, 2020, 2021, 2022
209 Condos Sold – yes by me personally
#1 Agent – Last 7+ Years (Residential & Condo Sales)
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our last post for Galt Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There have been 2 sales of Galt Ocean Mile Studios / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post for there had been 3 sales of studio units over the preceding 6 months!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 0 / 1 | 644 | $280,000 | $435.00 |
| Max | 0 / 1 | 644 | $300,000 | $466.00 |
| Median | 0 / 1 | 644 | $290,000 | $450.00 |
We can also see from this report that BOTH the average and 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 644 square feet with a sales price to square foot price of $450.00
In our last post the median sales price for Galt Ocean Mile Studio / Zip 33308 Oceanfront Studio sold over the preceding 6 months was slightly higher at $299,900 – this being for a 1 bathroom unit of 644 square feet with a sales price to square foot price of $500.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 31 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 36 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | $190,000 | $238.00 | |
| Max | 1 / 2 | 1,320 | $610,000 | $499.00 |
| Avg | 1 / 1 | 972 | $417,029 | $416.00 |
| Median | 1 / 1 | 960 | $400,000 | $415.00 |
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 $417,029 – this being for a 1 bedroom 1 bathroom unit of 972 square feet with a sales price to square foot price of $416.00
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 higher at $447,979 – this being for a 1 bedroom 1 bathroom unit of 991 square feet with a sales price to square foot price of $460.00
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 $400,000 – this being for a 1 bedroom 1 bathroom unit of 960 square feet with a sales price to square foot price of $415.00
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 higher at $445,750 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a sales price to square foot price of $459.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 50 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 66 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 880 | $320,000 | $264.00 |
| Max | 2 / 3 | 2,318 | $2,375,000 | $1,025.00 |
| Avg | 2 / 2 | 1,583 | $794,770 | $481.00 |
| Median | 2 / 2 | 1,649 | $747,500 | $478.00 |
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 $794,770 – this being for a 2 bedroom 2 bathroom unit of 1583 square feet with a sales price to square foot price of $481.00
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 higher at $802,839 – this being for a 2 bedroom 2 bathroom unit of 1595 square feet with a sales price to square foot price of $488.00
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 $747,500 – this being for a 2 bedroom 2 bathroom unit of 1649 square feet with a sales price to square foot price of $478.00
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 higher at $775,000 – this being for a 2 bedroom 2 bathroom unit of 1643 square feet with a sales price to square foot price of $476.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 24 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 30 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,630 | $854,600 | $397.00 |
| Max | 3 / 3 | 3,000 | $3,850,000 | $1,283.00 |
| Avg | 3 / 2 | 2,227 | $1,733,671 | $764.00 |
| Median | 3 / 2 | 2,318 | $1,668,000 | $750.00 |
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 $1,733,671 – this being for a 3 bedroom 2 bathroom unit of 2227 square feet with a sales price to square foot price of $764.00
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 lower at $1,655,160 – this being for a 3 bedroom 2 bathroom unit of 2296 square feet with a sales price to square foot price of $700.00
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 $1,668,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet with a sales price to square foot price of $750.00
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 lower at $1,425,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet with a sales price to square foot price of $656.00
Galt Ocean Mile Condos
4 Bedroom Units
There have been just 1 sale of a 4 bedroom Galt Ocean Mile condo / Zip 33308 Direct Oceanfront condo over the last 6 months – In our last post there had been just 2 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 4 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Median | 4 / 3 | 2,352 | $985,000 | $419.00 |
We can also see from this report that the median sales price for the 4 bedroom Galt Ocean Mile condo / Zip 33308 Oceanfront condo sold over the last 6 months has been $985,000 – this being for a 4 bedroom 3 bathroom unit of 2352 square feet with a sales price to square foot price of $419.00
In our last post BOTH the average and median sales price for a 4 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months was higher at $3,255,500 – this being for a 4 bedroom 4 bathroom unit of 3150 square feet with a sales price to square foot price of $955.00