Galt Ocean Mile Market Update
Oct 2022 / Nov 2022
Welcome to my Galt Ocean Mile Market Update for October / November 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 137 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – down from 185 sales as in our last post!
- Sales Prices from $190,000 – $5,000,000
- Median Days on Market – 17 Days! (List to Close)
- Median Sales Price to List Price – 98.1%
Studio Units
3 x Studio Units Sold
Sales Prices $280,000 – $330,000
Median Sales Price $299,900
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $500.00
1 Bedroom Units
36 x 1 Bedroom Units Sold
Sales Prices $190,000 – $625,000
Median Sales Price $445,750
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $459.00
2 Bedroom Units
66 x 2 Bedroom Units Sold
Sales Prices $400,000 – $1,535,000
Median Sales Price $775,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $476.00
3 Bedroom Units
30 x 3 Bedroom Units Sold
Sales Prices $750,000 – $3,999,900
Median Sales Price $1,425,000
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $656.00
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 $745.00
Galt Ocean Mile Condos
Market Commentary
Here are two very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos
- Continued Low Numbers of Galt Oceanfront Condos for Sale!
- Sellers Market – 2.6 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2016, 2017, 2018, 2019 & 2020
201 Condos Sold – yes by me personally
#1 Agent – Last 5+ Years
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our August 2022 / September 2022 post for Galt Ocean Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There have been 3 sales of Galt Ocean Mile Studios / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post for August / September 2022 there had been 5 sales of studio units over the preceding 6 months!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 0 / 1 | 600 | $280,000 | $435.00 |
| Max | 0 / 1 | 644 | $330,000 | $512.00 |
| Avg | 0 / /1 | 629 | $303,300 | $482.00 |
| Median | 0 / 1 | 644 | $299,900 | $500.00 |
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 $303,300 – this being for a 1 bathroom unit of 629 square feet with a sales price to square foot price of $482.00
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 $290,380 – this being for a smaller unit of 457 square feet with a sales price to square foot price of $684.00
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 $299,900 – this being for a 1 bathroom unit of 644 square feet with a sales price to square foot price of $50000
In our last post the median sales price for Galt Ocean Mile Studio / Zip 33308 Oceanfront Studio sold over the preceding 6 months was also lower at $290,000 – this being for a much smaller unit of 390 square feet with a sales price to square foot price of $633.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 36 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 46 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 620 | $190,000 | $238.00 |
| Max | 1 / 1 | 1,320 | $625,000 | $610.00 |
| Avg | 1 / 1 | 991 | $447,979 | $460.00 |
| Median | 1 / 1 | 1,050 | $445,750 | $459.00 |
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 $447,979 – this being for a 1 bedroom 1 bathroom unit of 991 square feet with a sales price to square foot price of $460.00
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 $410,049 – this being for a 1 bedroom 1 bathroom unit of 966 square feet with a sales price to square foot price of $432.00
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 $445,750 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a sales price to square foot price of $459.00
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 also lower at $402,500 – this being for a 1 bedroom 1 bathroom unit of 990 square feet with a sales price to square foot price of $416.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 66 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 99 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 1,200 | $400,000 | $332.00 |
| Max | 2 / 3 | 2,350 | $1,535,000 | $895.00 |
| Avg | 2 / 2 | 1,595 | $802,839 | $488.00 |
| Median | 2 / 2 | 1,643 | $775,000 | $476.00 |
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 $802,839 – this being for a 2 bedroom 2 bathroom unit of 1595 square feet with a sales price to square foot price of $488.00
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 $761,903 – this being for a 2 bedroom 2 bathroom unit of 1607 square feet with a sales price to square foot price of $473.00
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 $775,000 – this being for a 2 bedroom 2 bathroom unit of 1643 square feet with a sales price to square foot price of $476.00
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 $740,000 – this being for a 2 bedroom 2 bathroom unit of 1642 square feet with a sales price to square foot price of $460.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 30 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 32 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,630 | $750,000 | $339.00 |
| Max | 3 / 4 | 3,000 | $3,999,900 | $1,333.00 |
| Avg | 3 / 2 | 2,296 | $1,655,160 | $700.00 |
| Median | 3 / 2 | 2,318 | $1,425,000 | $656.00 |
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 $1,655,160 – this being for a 3 bedroom 2 bathroom unit of 2296 square feet with a sales price to square foot price of $700.00
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 higher at $1,773,913 – this being for a 3 bedroom 2 bathroom unit of 2392 square feet with a sales price to square foot price of $731.00
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 $1,425,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet with a sales price to square foot price of $656.00
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 higher at $1,677,500 – this being for a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $671.00
Galt Ocean Mile Condos
4 Bedroom Units
There have been just 2 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had also been just 2 sales of 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 4 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | 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 BOTH the average and 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 – This is the same as in our last post!