Galt Ocean Mile Market Update
June 2022 / July 2022
Welcome to my Galt Ocean Mile Market Update for June / July 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 183 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – down from 144 sales as in our last post!
- Sales Prices from $180,000 – $5,250,000
- Median Days on Market – 30 Days! (List to Close)
- Median Sales Price to List Price – 97.9%
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
50 x 1 Bedroom Units Sold
Sales Prices $180,000 – $570,000
Median Sales Price $380,500
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $379.00
2 Bedroom Units
97 x 2 Bedroom Units Sold
Sales Prices $320,000 – $1,800,000
Median Sales Price $700,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $431.00
3 Bedroom Units
28 x 3 Bedroom Units Sold
Sales Prices $795,000 – $3,999,900
Median Sales Price $1,727,500
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $661.00
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 $745.00
Galt Ocean Mile Condos
Market Commentary
Here are two very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos
- Continued Low Numbers of Galt Oceanfront Condos for Sale!
- Sellers Market – 1.57 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2016, 2017, 2018, 2019 & 2020
201 Condos Sold – yes by me personally
#1 Agent – Last 5+ Years
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our January 2022 / February 2022 post for Galt Ocean Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There have been 5 sales of Galt Ocean Mile Studios / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post for Jan / Feb 2022 there had been no sales of studio units!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | 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
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 lower at $208,250 – this being for a smaller 1 bathroom unit of 398 square feet with a sales price to square foot price of $588.00
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 $290,000 – this being for a 1 bathroom unit of 390 square feet with a sales price to square foot price of $633.00
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 $200,000 – this being for a smaller 1 bathroom unit of 290 square feet with a sales price to square foot price of $673.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 50 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 42 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 310 | $180,000 | $273.00 |
| Max | 1 / 2 | 1,450 | $570,000 | $710.00 |
| Avg | 1 / 1 | 940 | $373,287 | $407.00 |
| Median | 1 / 1 | 960 | $380,500 | $379.00 |
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 $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
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 $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
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 $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
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 lower at $345,000 – this being for a 1 bedroom 1 bathroom unit of 1006 square feet with a sales price to square foot price of $356.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 97 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 81 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 350 | $320,000 | $269.00 |
| Max | 2 / 2 | 2,350 | $1,800,000 | $950.00 |
| Avg | 2 / 2 | 1,571 | $734,147 | $467.00 |
| Median | 2 / 2 | 1,620 | $700,000 | $431.00 |
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 $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
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 $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
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 1620 square feet with a sales price to square foot price of $431.00
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 $590,000 – this being for a 2 bedroom 2 bathroom unit of 1514 square feet with a sales price to square foot price of $418.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 28 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 19 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,836 | $795,000 | $376.00 |
| Max | 3 / 4 | 3,000 | $3,999,900 | $1,333.00 |
| Avg | 3 / 3 | 2,445 | $1,835,546 | $741.00 |
| Median | 3 / 2 | 2,400 | $1,727,500 | $661.00 |
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 $1,835,546 – this being for a 3 bedroom 2 bathroom unit of 2445 square feet with a sales price to square foot price of $741.00
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 $1,209,158 – this being for a smaller 3 bedroom 2 bathroom unit of 1964 square feet with a sales price to square foot price of $525.00
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 $1,727,500 – this being for a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $661.00
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 $999,000 – this being for a smaller 3 bedroom 2 bathroom unit of 2083 square feet with a sales price to square foot price of $474.00
Galt Ocean Mile Condos
4 Bedroom Units
There have been just 2 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had also been just 2 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 4 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | 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 $571.00
Galt Ocean Mile Condos
6 Bedroom Units
There have been just 1 sales of a 6 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been no sales of 6 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 6 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | 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