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Playa Del Sol Condos

Playa Del Sol
Galt Ocean Mile Condos

Welcome to my August 2018 / September 2018 Blog on Playa Del Sol Galt Ocean Mile condos for sale Fort Lauderdale

Playa del Sol is a direct oceanfront complex set here on the famous Galt Ocean Mile

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At the time of writing this Blog there are 7 oceanfront condos for sale at Playa Del Sol – 3 of which are new listings!

There have been 10 sales recorded in the MLS over the last 6 months and 2 units are currently pending sale!

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft. 

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales prices to list price %) as well as the highest prices paid for units over the last 6 months!

We also compare recent sales trends in Playa del Sol – Important information for both buyers and sellers!

Playa del Sol
Galt Ocean Mile – Key Statistics
Playa Del Sol Condo Association – Condominium Complex
Address: 3500 Galt Ocean Dr, Fort Lauderdale
  • Prices from $280,000 – $850,000
  • Median List Price $569,000
    – 2 Bedroom  / 2 Bathroom Unit 

Median Sales Data

  • Sales Price last 6 Months $475,000
     2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $323.00
  • Median Sales to List Price 94%
  • Days on Market 53 Days 
Playa del Sol condominium 3500 Galt Ocean Drive Fort Lauderdale
Playa del Sol condominium 3500 Galt Ocean Drive – Galt Ocean Mile – Fort Lauderdale

Playa Del Sol
Condos for Sale

There are currently 7 x Playa del Sol Galt Ocean Mile condos for sale – the number of condos for sale this month  from the 5 x Playa del Sol condos for sale as in our last post for June / July 2018

Our market analysis report for these superb Galt Ocean Mile condos for sale in presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1088 $280,000
Max 3 / 2 2140 $850,000
Avg 2 / 2 1453 $540,271
Median 2 / 2 1435 $569,000

This report shows us that the average price for a condo here in Playa del Sol is $540,271 and the median price is $569,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!

In our last post the average price for a condo here in Playa del Sol was $392,760 and the median price was $339,000 – this being for a 1 bedroom 1 bathroom unit of 1120 square feet!

Playa Del Sol
Prices by Bedroom

A useful guide is to look to median prices for Playa del Sol Galt Ocean Mile condos by bedroom.

Our market summary report for condos for sale in Playa del Sol by bedroom is presented below:

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1148 $309,500 $272.00
2 / 2 1435 $572,000 $397.00
3 / 2 2140 $850,000 $397.00

We can see from this report that the median prices for:

  • 1 Bedroom Playa del Sol condos for sale is $309,500 – this being for a 1 bedroom 1 bathroom unit of 1148 square feet with a list price to square foot price of $272.00 – In our last post the median for 1 Bedroom units for sale was higher at $332,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $312.00
  • 2 Bedroom Playa del Sol condos for sale is $572,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $397.00 – In our last post the median for 2 Bedroom units for sale was higher at $599,900 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $418.00
  • 3 Bedroom Playa del Sol condos for sale is $850,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $397.00 – In our last post there had been no 3 bedroom units for sale over the preceding 6 months!
View condo just listed for sale Playa del Sol 3500 Galt Ocean Drive - Unit 416
Pretty views from a condo just listed for sale Playa del Sol 3500 Galt Ocean Drive – Unit 416

Playa Del Sol Condos
New Listings – Last 30 Days

There has been 3 new listings of a Playa del Sol Galt Ocean Mile condos for sale over the last 30 days

In our last post for June / July 2018 we had just 1 new listing – this being Unit 414 a 1 bedroom 1 bathroom unit!

Our market analysis report for these new listings is presented below

CONDO BEDS / BATHS LA LP$
Unit 3502 2 / 2 1435 $575,000
Unit 416 2 / 2 1435 $569,000
Max 709 1 / 1 1209 $280,000

We can see from this report that:

Unit 3502 a 2 bedroom condo has just been listed for $575,000 – this 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $401.00

Unit 416 a 2 bedroom condo has just been listed for $569,000 – this 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $397.00

Unit 414 a 1 bedroom condo has just been listed for $280,000 – this 1 bedroom 1 bathroom 1209 square foot unit has a list price to square foot price of $232.00


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

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View Playa del Sol 3500 Galt Ocean Drive condo pending sale - Unit 1905A
Gorgeous views from a Playa del Sol 3500 Galt Ocean Drive condo pending sale Unit 1905A

Playa Del Sol Sales

In this section of this post we take time to review pending sales and sales over the last 6 months.

Playa Del Sol
Pending Condo Sales

There are currently 2 x Playa del Sol Galt Ocean Mile condos under contract and pending sale here at Playa Del Sol – down from our last few posts!

There were 4 condos pending sale in each our last 4 posts!

The market analysis report for these 2 x Galt Ocean Mile condos pending sale here in Playa Del Sol is presented below.

CONDO BEDS / BATHS LA LP$
Unit 1015 2 / 2 1435 $480,000
Unit 1905A 1 / 1 1153 $384,900

We can see from this report that:

Playa del Sol unit 1015 a 2 bedroom condo offered for sale for $480,000 is now pending salethis 2 bedroom 2 bathroom 1435 square foot unit had a list price to square foot price of $334.00

Playa del Sol unit 1905A a 1 bedroom condo offered for sale for $384,900 is now pending salethis 1 bedroom 1 bathroom 1153 square foot unit had a list price to square foot price of $334.00

View Galt Ocean Mile condo recently sold Playa del Sol - Unit 2017
iew Galt Ocean Mile condo recently sold Playa del Sol Fort Lauderdale – Unit 2017

Playa Del Sol
Sales Last 6 Months

There have been 10 x Playa del Sol Galt Ocean Mile condos sold over the last 6 months – This is up a little from the 9 sales over the preceding 6 months as in our post for June / July 2018

The market analysis report for these 10 x Playa Del Sol condo sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1088 $292,500
Max 3 / 2 2124 $950,000
Avg 2 / 2 1586 $480,950
Median 2 / 2 1649 $475,000

We can see from this report that the average sales price for a unit here in Playa Del Sol has been $480,950 – this being based on a 2 bedroom 2 bathroom unit.

We can also see from this report that the median sales price for a unit here in Playa Del Sol has been $475,000 – this being based on a 2 bedroom 2 bathroom unit.

It is important to note that median prices for Playa del Sol condos sold over the last 6 months are down from our last 2 posts!

In our last post the median sales price for a unit here in Playa Del Sol was $540,000 – this also being based on a 2 bedroom 2 bathroom unit.

In our prior post the median sales price for a unit here in Playa Del Sol was $545,000 – this also being based on a 2 bedroom 2 bathroom unit.

Playa Del Sol
Sales Prices by Bedroom

A useful guide is to look to median prices for Playa del Sol Galt Ocean Mile condos sold over the last 6 months by bedroom.

Our market summary report for sales prices for condos sold here in Playa del Sol by bedroom is presented below.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1120 $303,000 $303.00
2 / 2 1649 $520,000 $315.00
3 / 2 2124 $950,000 $447.00

We can see from this report that the median sales prices for:

  • 1 Bedroom Playa del Sol condos sold has been $303,000 this being for a 1 bedroom 1 bathroom unit of 1120 square feet with a list price to square foot price of $303.00 – In our last post the median sales price for 1 Bedroom Playa del Sol condos sold was much higher at $420,000 – this being for a 1 bedroom 1 bathroom unit of 1153 square feet with a list price to square foot price of $364.00
  • 2 Bedroom Playa del Sol condos sold has been $520,000 this being for a 2 bedroom 2 bathroom unit of 1649 square feet with a list price to square foot price of $315.00 – In our last post the median for 2 Bedroom Playa del Sol condos sold was lower at $475,000 – this being for a 2 bedroom 2 bathroom unit of 1771 square feet with a list price to square foot price of $268.00
  • 3 Bedroom Playa del Sol condos sold has been $950,000 this being for a 3 bedroom 2 bathroom unit of 2124 square feet with a list price to square foot price of $447.00 – In our last post the median for 3 Bedroom Playa del Sol condos sold was lower at at $920,000 – this being for a 3 bedroom 2 bathroom unit of 2124 square feet with a list price to square foot price of $430.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL Playa del Sol Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $261.00
Max $447.00
Avg $327.00
Median $323.00

We can see from this report that the median sales price to square foot price paid for a condo sold here in Playa del Sol over the last 6 months has been $323.00 per square foot which is well down from $360.00 per square foot as in our last post!

It is important to note the highest square foot price paid at $447.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Playa del Sol Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

SP$/LP$
Min 88%
Max 98%
Avg 94%
Median 94%

We can see from this report that the median sales price to list price has been 94% – this is down from 95% in our last 2 posts! 

This means if a Fort Lauderdale condo for sale here in Playa del Sol is listed at $500,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $470,000.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in Playa del Sol is an important indicator on how strong demand is for condos in this complex..

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 14
Max 294
Avg 92
Median 53

We can see from this report that the average days on market for a Galt Ocean Mile condo sold in Playa del Sol is 92 days

We can also see that the median days on market at 53 days or under 2 months – which is fast and a very positive indicator of demand for units here in this great Galt Ocean Mile complex!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Playa del Sol
Condo Sales Itemized

Here is the data for each of the Playa del Sol Galt Ocean Mile condos sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 2917 3 / 2 2124 $950,000
Unit 1605 2 / 2 1649 $570,000
Unit 1115 2 / 2 1435 $540,000
Unit 912 2 / 2 1649 $520,000
Unit 407 2 / 2 1771 $475,000
Unit 506 2 / 2 1821 $475,000
Unit 2512A 1 / 1 1153 $381,000
Unit 414 1 / 1 1088 $306,000
Unit 304 1 / 1 1088 $300,000
Unit 704 1 / 1 1088 $292,500

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for Unit 2917 a 3 bedroom condo which sold for $950,000

Unit 2917 was a 3 bedroom 2 bathroom 2124 square foot condo that had a sales price to square foot price of $447.00

This Galt Ocean Mile “direct oceanfront” condo sold for 95% of list price and had just 17 days on market or just under 3 weeks!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Playa del Sol Galt Ocean Mile condos are units set in one of the Iconic Galt Mile condominiums – and the complex offers great amenities and a prime direct oceanfront location.

We currently have a good range of condos for sale with 7 units on offer including 1, 2 and 3 bedroom units!

It is great to report once again, that sales have continued to remain strong over the last 6 months with 10 units sold and 2 units now pending sale!

I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Playa Del Sol – Kevin Wirth Realtor.