Galt Ocean Mile Market Update
July 2024 / August 2024
Welcome to my Galt Ocean Mile Market Update for July / August 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 141 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – up from 83 sales in our last post for April / May 2024
- Sales Prices from $210,000 – $4,300,000
- Median Days on Market – 62 Days (List to Close) – up from 49 Days! (List to Close) as in our last post!
- Median Sales Price to List Price – 95.2%
Studio Units
1 x Studio Unit Sold
Sales Price $325,000
– 0 Bed / 1 Bath Unit
Median Sp$/Sqft $1,048.00
1 Bedroom Units
35 x 1 Bedroom Units Sold
Sales Prices $275,000 – $649,900
Median Sales Price $447,000
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $447.00
2 Bedroom Units
72 x 2 Bedroom Units Sold
Sales Prices $210,000 – $1,350,000
Median Sales Price $700,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $468.00
3 Bedroom Units
31 x 3 Bedroom Units Sold
Sales Prices $675,000 – $4,300,000
Median Sales Price $1,750,000
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $780.00
Galt Ocean Mile Condos
Market Commentary
A very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos is months of supply…
- Our market has changed with over 7 Months of Supply for Galt Ocean Mile Condos for Sale – In earlier posts from a year or so ago we had been in a “Sellers” Market with 2.5 – 2.6 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2018, 2019, 2020, 2021, 2022 & 2023
Over 200 Condos Sold – yes by me personally
#1 Agent – Last 7+ Years (Residential & Condo Sales)
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our last post for Galt Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There has been just 1 sale of Galt Ocean Mile Studio / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post for there had been 2 sales of a studio units over the preceding 6 months!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Median | 0 / 1 | 310 | $325,000 | $1,048.00 |
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 $325,000 – this being for a 1 bathroom unit of 310 square feet with a sales price to square foot price of $1,048.00
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 $317,500 – this being for a 1 bathroom unit of 310 square feet with a sales price to square foot price of $1,024.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 35 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been been 29 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 644 | $275,000 | $280.00 |
| Max | 1 / 2 | 1,320 | $649,900 | $657.00 |
| Avg | 1 / 1 | 949 | $434,569 | $466.00 |
| Median | 1 / 1 | 950 | $435,000 | $447.00 |
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 $434,569 – this being for a 1 bedroom 1 bathroom unit of 949 square feet with a sales price to square foot price of $466.00
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 950 square feet with a sales price to square foot price of $447.00
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 the same at $435,000 – this being for a 1 bedroom 1 bathroom unit of 960 square feet with a sales price to square foot price of $428.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 72 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 53 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 1 | 904 | $210,000 | $156.00 |
| Max | 2 / 2 | 1,950 | $1,350,000 | $878.00 |
| Avg | 2 / 2 | 1,491 | $705,922 | $475.00 |
| Median | 2 / 2 | 1,514 | $700,000 | $468.00 |
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 $705,922 – this being for a 2 bedroom 2 bathroom unit of 1491 square feet with a sales price to square foot price of $475.00
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 $700,000 – this being for a 2 bedroom 2 bathroom unit of 1514 square feet with a sales price to square foot price of $468.00
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 lower at $671,000 – this being for a 2 bedroom 2 bathroom unit of 1442 square feet with a sales price to square foot price of $482.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 31 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 16 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,490 | $675,000 | $282.00 |
| Max | 3 / 4 | 4,940 | $4,300,000 | $1,467.00 |
| Avg | 3 / 3 | 2,297 | $1,817,479 | $765.00 |
| Median | 3 / 2 | 2,102 | $1,750,000 | $760.00 |
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 $1,817,479 – this being for a 3 bedroom 3 bathroom unit of 2297 square feet with a sales price to square foot price of $765.00
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 $1,750,000 – this being for a 3 bedroom 2 bathroom unit of 2102 square feet with a sales price to square foot price of $760.00
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 $1,491,530 – this being for a 3 bedroom 2 bathroom unit of 2113 square feet with a sales price to square foot price of $685.00
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 2 posts!