View Playa del Sol Galt Ocean Mile condos for sale 3500 Galt Ocean Drive Fort Lauderdale Florida

Playa Del Sol Condos

Playa Del Sol
Galt Ocean Mile Condos

Welcome to my February / March 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 10 oceanfront condos for sale at Playa Del Sol – 2 of which are new listings!

There are currently 4 units pending sale and there have been 8 sales recorded in the MLS over the last 6 months.

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 $320,000 – $625,000
  • Median List Price $527,000
    – 2 Bedroom  / 2 Bathroom Unit 

Median Sales Data

  • Sales Price last 6 Months $545,000
     2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $360.00
  • Median Sales to List Price 96%
  • Days on Market 68 Days 
View Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale
View of Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale

Playa Del Sol
Condos for Sale

There are currently 10 x Playa del Sol Galt Ocean Mile condos for sale – this is up slightly from 9 x Playa del Sol condos for sale as in our last post for December 2017 / January 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 $320,000
Max 2 / 2 1771 $625,000
Avg 2 / 2 1379 $476,000
Median 2 / 2 1435 $527,000

This report shows us that the average price for a condo here in Playa del Sol is $476,000 and the median price is $527,000 – 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 $464,643 and the median price was over $50,000 less at $475,000 – this being for a 2 bedroom 2 bathroom unit of 1435 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 1088 $347,000 $319.00
2 / 2 1542 $554,500 $377.00

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

  • 1 Bedroom Playa del Sol condos for sale is $347,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $319.00 – In our last post the median for 1 Bedroom units for sale was a little higher at $352,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $324.00
  • 2 Bedroom Playa del Sol condos for sale is $554,500 – this being for a 2 bedroom 2 bathroom unit of 1542 square feet with a list price to square foot price of $377.00 – In our last post the median for 2 Bedroom units for sale was lower at $539,000 – this being for a 2 bedroom 2 bathroom unit of 1649 square feet with a list price to square foot price of $376.00
  • There are currently no 3 Bedroom Playa del Sol condos for sale –  In our last post the median for 2 Bedroom units for sale was $937,451 – this being for a 3 bedroom 2 bathroom unit of 2132 square feet with a list price to square foot price of $440.00.
View Playa del Sol Galt Ocean Mile condos just listed for sale Unit 704
View Playa del Sol Galt Ocean Mile condos just listed for sale Unit 704

Playa Del Sol Condos
New Listings – Last 30 Days

There have been 2 new listing of a Playa del Sol Galt Ocean Mile condos for sale over the last 30 days – both 1 bedroom units

In our last post for December 2017 / January 2018 we just had 1 new listing – this being Unit 2612A  also a 1 bedroom 1 bathroom unit!

Our market analysis report for these 2 x new listings is presented below

CONDO BEDS / BATHS LA LP$
Unit 1905A 1 / 1 1153 $399,000
Unit 704 1 / 1 1088 $320,000

We can see from this report that

Unit 1905A a 1 bedroom condo has just been listed for $399,000 – this 1 bedroom 1 bathroom 1153 square foot unit has a list price to square foot price of $346.00

This Galt Ocean Mile condo offers gorgeous panoramic views!

This corner unit features: an updated kitchen & baths and Hurricane impact windows

Unit 704 a 1 bedroom condo has just been listed for $320,000 – this 1 bedroom 1 bathroom 1088 square foot unit has a list price to square foot price of $294.00

This Galt Ocean Mile condo offers breath taking views of the beach and ocean.

The unit has been freshly paint and has new carpet. 


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 Galt Ocean Mile condo pending sale - Unit 2917
View Playa del Sol Galt Ocean Mile condo pending sale – Unit 2917

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 4 x Playa del Sol Galt Ocean Mile condos under contract and pending sale here at Playa Del Sol!

There were 4 condos pending sale in our last post!

The market analysis report for these 4 x Galt Ocean Mile condos pending sale here in Playa Del Sol is presented below.

CONDO BEDS / BATHS LA LP$
Unit 2917 3 / 2 2124 $995,900
Unit 506 2 / 2 1821 $489,999
Unit 1015 2 / 2 1435 $480,000
Unit 2205A 1 / 1 1153 $395,000

We can see from this report that:

Playa del Sol unit 2917 a 3 bedroom condo offered for sale for $995,900 is now pending salethis 3 bedroom 2 bathroom 2124 square foot unit had a list price to square foot price of $469.00

Unit 2917 is a recently renovated and beautifully appointed condo on the North East corner of the 29th Floor.   This penthouse unit features high end finishes, a large open concept living room, dining room, and kitchen that lead to a wrap-around balcony.  The unit has views that extend North, South, East and West as far as the eye can see. 

Playa del Sol unit 506 a 2 bedroom condo offered for sale for $489,999 is now pending salethis 2 bedroom 2 bathroom 1821 square foot unit had a list price to square foot price of $269.00

Unit 506 has a remodeled kitchen and bathrooms.   The unit features: a newer A/C and hot water heater and solar shades allow you to see light, without letting the sun in. 

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

Unit 1015 has Impact windows and doors throughout and a newer A/C unit and hot water heater.   This Galt Ocean Mile condo features solar shades allowing you to see light, without letting the sun in.   The unit as a remodeled kitchen and bathrooms.

Playa del Sol unit 2205A a 1 bedroom condo offered for sale for $395,000 is now pending salethis 1 bedroom 1 bathroom 1153 square foot unit had a list price to square foot price of $343.00

Unit 2205 is a rarely available South West corner condo in the central tower.  This Galt Ocean Mile condo offers the most spectacular views of: downtown Fort Lauderdale’s skyline, The Coral Ridge Country Club golf course as well as Intracoastal and ocean views.

View Playa del Sol Galt Ocean Mile condo recently sold - Unit 1002
View Playa del Sol Galt Ocean Mile condo recently sold – Unit 1002

Playa Del Sol
Sales Last 6 Months

There have been 8 x Playa del Sol Galt Ocean Mile condos sold over the last 6 months

It is important to note that this is up from 5 sales over the preceding 6 months as in our last post for December 2017 / January 2018 and well up from 2 sales over the preceding 6 months as in our prior post October / November 2017!

The market analysis report for these 8 x Playa Del Sol condo sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1088 $310,000
Max 3 / 2 2140 $920,000
Avg 2 / 2 1697 $583,571
Median 2 / 2 1771 $545,000

We can see from this report that the average sales price for a unit here on Playa Del Sol has been $583,571 – 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 on Playa Del Sol has been $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 LP$ LP$/SqFt
1 / 1 1120 $389,000 $346.00
2 / 2 1603 $517,500 $311.00
3 / 2 2132 $907,500 $426.00

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

  • 1 Bedroom Playa del Sol condos sold has been $389,000 this being for a 1 bedroom 1 bathroom unit of 1120 square feet with a list price to square foot price of $346.00 – In our last post the median sales price for 1 Bedroom Playa del Sol condos sold was much lower at $310,000 – this being for a smaller 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $285.00
  • 2 Bedroom Playa del Sol condos sold has been $517,500 this being for a 2 bedroom 2 bathroom unit of 1603 square feet with a list price to square foot price of $311.00 – In our last post the median for 2 Bedroom Playa del Sol condos sold was lower at $497,000 – this being for a smaller 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $313.00
  • 3 Bedroom Playa del Sol condos sold has been $907,000 this being for a 3 bedroom 2 bathroom unit of 2132 square feet with a list price to square foot price of $426.00 – In our last post there had been no 3 bedroom Playa del Sol condos sold over the preceding 6 months

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 $254.00
Max $430.00
Avg $341.00
Median $360.00

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 $360.00 per square foot which is well up from $313.00 per square foot as in our last post!

It is important to note the highest square foot price paid at $430.00!

% 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 87%
Max 99%
Avg 95%
Median 96%

We can see from this report that the median sales price to list price has been 96% – the same as in our last post! 

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 96% of that amount or $480,000.

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 1
Max 182
Avg 78
Median 68

We can see from this report that the average days on market for a Galt Ocean Mile condo sold in Playa del Sol is 78 days

We can also see that the median days on market at 68 days or just under 10 weeks – which is well down from 102 days or just under 15 weeks as in our last post!

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 901 3 / 2 2140 $920,000
Unit 2017 3 / 2 2124 $765,000
Unit 210 2 / 2 1821 $570,000
Unit 1002 2 / 2 1435 $545,000
Unit 311 2 / 2 1771 $450,000
Unit 2612A 1 / 1 1153 $420,000
Unit 903 2 / 2 1435 $415,000
Unit 504 1 / 1 1088 $310,000

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 901 a 3 bedroom condo which sold for $920,000

Unit 901 was a 3 bedroom 2 bathroom 2140 square foot condo that had a sales price to square foot price of $430.00

This Galt Ocean Mile “direct oceanfront” condo sold for 98% of list price and had 182 days on market or just over 6 months!

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 have a great range of Playa del Sol condos for sale with 10 units currently for sale!

Sales have been strong over the last 6 months with 8 sales and 4 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.