Galt Ocean Mile Market Update
November 2021 / December 2021
Welcome to my Galt Ocean Mile Market Update for November / December 2021. 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 / 33308 Oceanfront
Nov 2021 / Dec 2021 Key Statistics
- There have been 181 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months
- Sales Prices from $175,000 – $2,930,450
- Median Days on Market – 27 Days! (List to Close)
- Median Sales Price to List Price – 97.5%
Studio Units
4 x Studio Units Sold
Sales Prices $155,000 – $258,000
Median Sales Price $200,000 1 Bath Unit
Median Sp$/Sqft $673.00
1 Bedroom Units
46 x 1 Bedroom Units Sold
Sales Prices $185,000 – $525,000
Median Sales Price $375,500 1 Bed / 1 Bath Unit
Median Sp$/Sqft $347.00
2 Bedroom Units
102 x 2 Bedroom Units Sold
Sales Prices $345,000 – $1,119,600
Median Sales Price $607,450 2 Bed / 2 Bath Unit
Median Sp$/Sqft $402.00
3 Bedroom Units
27 x 3 Bedroom Units Sold
Sales Prices $405,000 – $2,550,000
Median Sales Price $1,190,000 3 Bed / 2 Bath Unit
Median Sp$/Sqft $491.00
4 or More Bedroom Units
23x 4 Bedroom Units Sold
Sales Prices $1,090000 – $2,930,450
Median Sales Price $1,695,000 4 Bed / 4 Bath Unit
Median Sp$/Sqft $477.00
Galt Ocean Mile Condos
Market Commentary
Here are two very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos
- Lowest Number of Galt Oceanfront Condos for Sale in 10 Years!
- Sellers Market – 1.65 Month’s Supply of Galt Condos for Sale!6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2016, 2017, 2018, 2019 & 2020
174 Condos Sold – yes by me personally
#1 Agent – Last 5+ Years
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our Sept 2021 / Oct 2021 post for Galt Ocean Mile condos sold over the last 90 days!
Galt Ocean Mile Condos
Studio Units
There have been 4 sales of Galt Ocean Mile Studios / Zip 33308 Direct Oceanfront condos over the last 6 Months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront Studios sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 0 / 1 | 260 | $175,000 | $401.00 |
| Max | 0 / 1 | 644 | $258,000 | $690.00 |
| Avg | 0 / 1 | 398 | $208,250 | $588.00 |
| Median | 0 /1 | 290 | $200,000 | $673.00 |
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 $208,250 – this being for a 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 last 6 months has been $200,000 – this being for a 1 bathroom unit of 290 square feet with a sales price to square foot price of $673.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 46 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 310 | $185,000 | $260.00 |
| Max | 1 / 2 | 1,450 | $525,000 | $629.00 |
| Avg | 1 / 1 | 998 | $351,337 | $357.00 |
| Median | 1 / 1 | 1,052 | $347,500 | $347.00 |
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 $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 $347,000 – this being for a 1 bedroom 1 bathroom unit of 1052 square feet with a sales price to square foot price of $347.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 102 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 880 | $345,000 | $224.00 |
| Max | 2 / 2 | 1,977 | $1,119,600 | $644.00 |
| Avg | 2 / 2 | 1,529 | $624,347 | $411.00 |
| Median | 2 / 2 | 1,507 | $607,450 | $402.00 |
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 $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 $607,000 – this being for a 2 bedroom 2 bathroom unit of 1507 square feet with a sales price to square foot price of $402.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 27 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,490 | $405,000 | $300.00 |
| Max | 3 / 4 | 2,851 | $2,550,000 | $906.00 |
| Avg | 3 / 2 | 2,048 | $1,182,741 | $522.00 |
| Median | 3 / 2 | 2,124 | $1,190,000 | $491.00 |
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 $1,182,741 – 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 $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 $491.00
Galt Ocean Mile Condos
4 Bedroom Units
There have been just 3 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 4 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 4 / 4 | 3,379 | $1,090,000 | $323.00 |
| Max | 4 / 5 | 4,404 | $2,930,450 | $665.00 |
| Avg | 4 / 4 | 3,778 | $1,905,150 | $488.00 |
| Median | 4 / 4 | 3,550 | $1,695,000 | $477.00 |
We can see from this report that the average sales price for a 4 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $1,905,150 – this being for a 4 bedroom 4 bathroom unit of 2048 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 4 bedroom Galt Ocean Mile condos / Zip 33308 Oceanfront condo sold over the last 6 months has been $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