Galt Ocean Mile Market Update
February 2024 / March 2024
Welcome to my Galt Ocean Mile Market Update for February / March 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 – down from 131 sales in our last post for September / October 2023
- Sales Prices from $250,000 – $2,900,000
- Median Days on Market – 50 Days (List to Close) – down from 38 Days! (List to Close) as in our last post!
- Median Sales Price to List Price – 96%
Studio Units
1 x Studio Unit Sold
Sales Prices $310,000
– 0 Bed / 1 Bath Unit
Median Sp$/Sqft $478.00
1 Bedroom Units
32 x 1 Bedroom Units Sold
Sales Prices $250,000 – $630,000
Median Sales Price $446,250
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $424.00
2 Bedroom Units
46 x 2 Bedroom Units Sold
Sales Prices $350,000 – $1,780,000
Median Sales Price $715,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $497.00
3 Bedroom Units
4 x 3 Bedroom Units Sold
Sales Prices $675,000 – $2,900,000
Median Sales Price $1,605,000
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $762.00
Galt Ocean Mile Condos
Market Commentary
A very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos is months of supply…
- Our market has dramatically changed with over 12 Months of Supply for Galt Ocean Mile Condos for Sale – In earlier posts we had been in a “Sellers” Market with 2.5 – 2.6 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2018, 2019, 2020, 2021, 2022 & 2023
Over 200 Condos Sold – yes by me personally
#1 Agent – Last 7+ Years (Residential & Condo Sales)
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our last post for Galt Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There has been just 1 sale of a Galt Ocean Mile Studio / Zip 33308 Direct Oceanfront condo over the last 6 Months – In our last post for there had been 5 sales of studio units over the preceding 6 months!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Median | 0 / 1 | 310 | $310,000 | $1,000.00 |
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 $310,000 – this being for a 1 bathroom unit of 310 square feet with a sales price to square foot price of $1000.00
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 $285,000 – this being for a much larger 1 bathroom unit of 644 square feet with a sales price to square foot price of $474.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 32 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been also been 32 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 660 | $250,000 | $280.00 |
| Max | 1 / 2 | 1,360 | $630,000 | $840.00 |
| Avg | 1 / 1 | 982 | $445,613 | $467.00 |
| Median | 1 / 1 | 965 | $446,250 | $424.00 |
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 $445,613 – this being for a 1 bedroom 1 bathroom unit of 982 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 1 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $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
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 $467,677 – this being for a 1 bedroom 1 bathroom unit of 1,054 square feet with a sales price to square foot price of $441.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 46 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 79 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 904 | $350,000 | $322.00 |
| Max | 2 / 2 | 2,086 | $1,780,000 | $853.00 |
| Avg | 2 / 2 | 1,465 | $768,973 | $515.00 |
| Median | 2 / 2 | 1,500 | $715,000 | $497.00 |
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 $768,973 – this being for a 2 bedroom 2 bathroom unit of 1465 square feet with a sales price to square foot price of $515.00
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 $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
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 $775,000 – this being for a 2 bedroom 2 bathroom unit of 1543 square feet with a sales price to square foot price of $504.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been just 4 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 15 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,490 | $675,000 | $453.00 |
| Max | 3 / 2 | 2,318 | $2,900,000 | $1,251.00 |
| Avg | 3 / 2 | 2,006 | $1,696,250 | $807.00 |
| Median | 3 / 2 | 2,107 | $1,605,000 | $762.00 |
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 $1,696,250 – this being for a 3 bedroom 2 bathroom unit of 2006 square feet with a sales price to square foot price of $807.00
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 $1,605,000 – this being for a 3 bedroom 2 bathroom unit of 2107 square feet with a sales price to square foot price of $762.00
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 lower at $1,500,000 – this being for a 3 bedroom 2 bathroom unit of 2112 square feet with a sales price to square foot price of $710.00
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!