Galt Ocean Mile Market Update
Sept 2023 / Oct 2023
Welcome to my Galt Ocean Mile Market Update for September / October 2023. 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
2023 Key Statistics
- There have been 131 Galt Ocean Mile / 33308 Oceanfront condo sales over the last 6 Months – up from 115 sales in our last post for February / March 2023
- Sales Prices from $150,500 – $3,850,000
- Median Days on Market – 38 Days! (List to Close)
- Median Sales Price to List Price – 95%
Studio Units
5 x Studio Units Sold
Sales Prices $150,500 – $358,000
Median Sales Price $285,000
– 0 Bed / 1 Bath Unit
Median Sp$/Sqft $474.00
1 Bedroom Units
32 x 1 Bedroom Units Sold
Sales Prices $215,000 – $630,000
Median Sales Price $467,500
-1 Bed / 1 Bath Unit
Median Sp$/Sqft $441.00
2 Bedroom Units
79 x 2 Bedroom Units Sold
Sales Prices $480,000 – $1,950,000
Median Sales Price $775,000
– 2 Bed / 2 Bath Unit
Median Sp$/Sqft $504.00
3 Bedroom Units
15 x 3 Bedroom Units Sold
Sales Prices $535,600 – $3,850,000
Median Sales Price $1,500,000
– 3 Bed / 2 Bath Unit
Median Sp$/Sqft $710.00
Galt Ocean Mile Condos
Market Commentary
A very important market statistics relative to Galt Ocean Mile condos and Zip 33308 Direct Oceanfront Condos is months of supply…
- Our market is changing more towards what is considered a “Normal” Market with 4.4 Months of Supply for Galt Ocean Mile Condos for Sale – In earlier posts we had been in a “Sellers” Market with 2.5 – 2.6 Month’s Supply of Galt Condos for Sale!
6 Months is considered “Normal” – Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Kevin Wirth P.A. Realtor
954-459-0337 .
Thinking of Selling?
Call me today to find out what your home’s WIRTH!
Awarded Castelli’s #1 Agent: 2017, 2018, 2019, 2020, 2021, 2022
209 Condos Sold – yes by me personally
#1 Agent – Last 7+ Years (Residential & Condo Sales)
I specialize in the marketing and selling of direct oceanfront
condos here on Galt Ocean Mile and in Lauderdale by the Sea!
Phone: 954-459-0337 Email: [email protected]
Galt Ocean Mile / Zip 33308
Oceanfront Condos Sales
By Bedroom – Last 6 Months
Here are the sales prices for Galt Ocean Mile condos / Zip 33308 Oceanfront condos by bedroom – studios, 1 bedroom units, 2 bedroom units, 3 bedroom unit and 4 or more bedroom units sold over the last 6 months!
Read our last post for Galt Mile condos sold over the last 6 months!
Galt Ocean Mile Condos
Studio Units
There have been 5 sales of Galt Ocean Mile Studios / Zip 33308 Direct Oceanfront condos over the last 6 Months – In our last post for there had been just 2 sales of studio units over the preceding 6 months!
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront studio condos sold over the last 6 months.
| #BEDS | LA | SP$ | SP$/SqFt | |
| Min | 0 / 1 | 644 | $150,500 | $443.00 |
| Max | 0 / 1 | 644 | $358,000 | $556.00 |
| Avg | 0 / 1 | 644 | $267,700 | $491.00 |
| Median | 0 / 1 | 644 | $285,000 | $474.00 |
We can see from this report that the average sales price for Galt Ocean Mile Studio / Zip 33308 Oceanfront Studio sold over the preceding 6 months was $267,700 – this being for a 1 bathroom unit of 644 square feet with a sales price to square foot price of $491.00
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 $285,000 – this being for a 1 bathroom unit of 644 square feet with a sales price to square foot price of $474.00
In our last post the median sales price for Galt Ocean Mile Studio / Zip 33308 Oceanfront Studio sold over the preceding 6 months was slightly higher at $290,000 – this being for a 1 bathroom unit of 644 square feet with a sales price to square foot price of $450.00
Galt Ocean Mile Condos
1 Bedroom Units
There have been 32 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 28 sales of 1 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 1 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 1 / 1 | 750 | $215,000 | $269.00 |
| Max | 1 / 2 | 1,450 | $630,000 | $840.00 |
| Avg | 1 / 1 | 1,043 | $460,677 | $450.00 |
| Median | 1 / 1 | 1,054 | $467,500 | $441.00 |
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 $460,677 – this being for a 1 bedroom 1 bathroom unit of 1,043 square feet with a sales price to square foot price of $450.00
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 $467,677 – this being for a 1 bedroom 1 bathroom unit of 1,054 square feet with a sales price to square foot price of $441.00
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 $400,000 – this being for a 1 bedroom 1 bathroom unit of 970 square feet with a sales price to square foot price of $419.00
Galt Ocean Mile Condos
2 Bedroom Units
There have been 79 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post here had been 62 sales of 2 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 2 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 2 / 2 | 880 | $480,000 | $335.00 |
| Max | 2 / 3 | 2,350 | $1,950,000 | $1,023.00 |
| Avg | 2 / 2 | 1,547 | $834,176 | $533.00 |
| Median | 2 / 2 | 1,543 | $775,000 | $504.00 |
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 $834,176 – this being for a 2 bedroom 2 bathroom unit of 1547 square feet with a sales price to square foot price of $533.00
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 1543 square feet with a sales price to square foot price of $504.00
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 $747,500 – this being for a 2 bedroom 2 bathroom unit of 1649 square feet with a sales price to square foot price of $478.00
Galt Ocean Mile Condos
3 Bedroom Units
There have been 15 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months – In our last post there had been 22 sales of 3 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the last 6 months
Here is our market summary report for Galt Ocean Mile / Zip 33308 Oceanfront 3 bedroom condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt | |
| Min | 3 / 2 | 1,490 | $535,000 | $359.00 |
| Max | 3 / 3 | 3,001 | $3,850,000 | $1,506.00 |
| Avg | 3 / 2 | 2,124 | $1,720,867 | $792.00 |
| Median | 3 / 2 | 2,112 | $1,500,000 | $710.00 |
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 $1,720,867 – this being for a 3 bedroom 2 bathroom unit of 2124 square feet with a sales price to square foot price of $792.00
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 $1,500,000 – this being for a 3 bedroom 2 bathroom unit of 2112 square feet with a sales price to square foot price of $710.00
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 $1,775,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet with a sales price to square foot price of $777.00
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 – In our last post there had been just 1 sale of a 4 bedroom Galt Ocean Mile condos / Zip 33308 Direct Oceanfront condos over the preceding 6 months.
The sales price for the 4 bedroom Galt Ocean Mile condo / Zip 33308 Oceanfront condo sold over the preceding 6 months was $985,000 – this being for a 4 bedroom 3 bathroom unit of 2352 square feet with a sales price to square foot price of $419.00