Galt Ocean Mile Market Update
January 2022 / February 2022
Welcome to my Galt Ocean Mile Market Update for January / February 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 144 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – down from 181 sales over the preceding 6 months
- Sales Prices from $185,000 – $2,930,450
- Median Days on Market – 31 Days! (List to Close)
- Median Sales Price to List Price – 97.4%
Studio Units
Based on MLS records there have been no studio units sold over the last 6 months!
1 Bedroom Units
42 x 1 Bedroom Units Sold
Sales Prices $185,000 – $489,000
Median Sales Price $345,000
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $356.00
2 Bedroom Units
81 x 2 Bedroom Units Sold
Sales Prices $357,500 – $990,000
Median Sales Price $590,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $402.00
3 Bedroom Units
19 x 3 Bedroom Units Sold
Sales Prices $555,000 – $2,550,000
Median Sales Price $999,000
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $474.00
4 or More Bedroom Units
2 x 4 Bedroom Units Sold
Sales Prices $1,695000 – $2,930,450
Median Sales Price $2,312,725
– 4 Bed / 4 Bath Unit
Median Sp$/Sqft $571.00
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
- Lowest Number of Galt Oceanfront Condos for Sale in 10 Years!
- Sellers Market – 1.5 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
192 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 Nov 2021 / Dec 2021 post for Galt Ocean Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There have been no sales of Galt Ocean Mile Studios / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post for November / December 2021 there had been 4 sales of studio units!
In our last post the average sales price for a Galt Ocean Mile studio / Zip 33308 Oceanfront studio sold over the last 6 months was $208,250 – this being for a 1 bathroom unit of 398 square feet with a sales price to square foot price of $588.00
The median sales price for Galt Ocean Mile Studio / Zip 33308 Oceanfront Studio sold over the preceding 6 months was $200,000 – this being for a 1 bathroom unit of 290 square feet with a sales price to square foot price of $673.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 42 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 46 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 310 | $185,000 | $261.00 |
| Max | 1 / 2 | 1,450 | $489,000 | $677.00 |
| Avg | 1 / 1 | 931 | $344,526 | $374.00 |
| Median | 1 / 1 | 1,006 | $345,000 | $356.00 |
We can see from this report that the average sales price for a 1 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $344,526 – this being for a 1 bedroom 1 bathroom unit of 931 square feet with a sales price to square foot price of $374.00
In our last post the average sales price for a 1 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the preceding 6 months was higher at $351,337 – this being for a 1 bedroom 1 bathroom unit of 998 square feet with a sales price to square foot price of $357.00
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 $345,000 – this being for a 1 bedroom 1 bathroom unit of 1006 square feet with a sales price to square foot price of $356.00
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 slightly higher at $347,000 – this being for a 1 bedroom 1 bathroom unit of 1052 square feet with a sales price to square foot price of $347.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 81 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 102 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 880 | $357,500 | $224.00 |
| Max | 2 / 2 | 1,977 | $990,000 | $644.00 |
| Avg | 2 / 2 | 1,530 | $629,341 | $419.00 |
| Median | 2 / 2 | 1,514 | $590,000 | $418.00 |
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 $629,341 – this being for a 2 bedroom 2 bathroom unit of 1530 square feet with a sales price to square foot price of $419.00
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 $624,347 – this being for a 2 bedroom 2 bathroom unit of 1529 square feet with a sales price to square foot price of $411.00
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 $590,000 – this being for a 2 bedroom 2 bathroom unit of 1514 square feet with a sales price to square foot price of $418.00
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 $607,000 – this being for a 2 bedroom 2 bathroom unit of 1507 square feet with a sales price to square foot price of $402.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 19 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 27 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,100 | $555,000 | $341.00 |
| Max | 3 / 4 | 2,851 | $2,550,000 | $894.00 |
| Avg | 3 / 2 | 1,964 | $1,209,158 | $525.00 |
| Median | 3 / 2 | 2,083 | $999,000 | $474.00 |
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 $1,209,158 – this being for a 3 bedroom 2 bathroom unit of 1964 square feet with a sales price to square foot price of $525.00
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 $1,182,741 – this being for a 3 bedroom 2 bathroom unit of 2048 square feet with a sales price to square foot price of $522.00
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 $999,000 – this being for a 3 bedroom 2 bathroom unit of 2083 square feet with a sales price to square foot price of $474.00
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 $1,190,000 – this being for a 3 bedroom 2 bathroom unit of 2124 square feet with a sales price to square foot price of $491.00
Galt Ocean Mile Condos
4 Bedroom Units
There have been just 2 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 3 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 4 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 4 / 4 | 3,550 | $1,695,000 | $477.00 |
| Max | 4 / 5 | 4,404 | $2,930,450 | $665.00 |
| Median | 4 / 4 | 3,977 | $2,312,725 | $571.00 |
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 $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
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 $1,695,000 – this being for a 4 bedroom 4 bathroom unit of 3550 square feet with a sales price to square foot price of $477.00