View Plaza East 4300 N Ocean Blvd Fort Lauderdale condos for sale

Plaza East Condos

Plaza East Galt Ocean Mile
Condos for Sale

Welcome to our August 2018 / September 2018 post on Plaza East Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Plaza East are “direct” oceanfront units set right on the beach.  

Plaza East has 266 condos set right on the sand/beachfront here in Galt Ocean Mile.  The complex itself is actually located on Ocean Blvd and sits at the very North End of all of the Galt Ocean Mile Condominiums.

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There are currently 11 x Plaza East Galt Ocean Mile condos for sale – 1 of which is a new listing. 

There have been 5 sales 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 Plaza East – Important information for both buyers and sellers!

Plaza East
Galt Ocean Mile – Key Statistics 

Plaza East Condo Association
Address: 4300 N Ocean Blvd, Fort Lauderdale, FL 33308

  • Prices from $469,900 – $850,000
  • Median List Price $559,900
    – 2 Bedroom 2 Bathroom Unit


Median Sales Prices

  • Sales Price last 6 Months $580,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $296.00
  • Median Sales to List Price 96%
  • Days on Market 65 Days

Plaza East
Condos for Sale

There are currently 11 x Plaza East Galt Ocean Mile condos for sale here in Fort Lauderdale Florida

The number of Plaza East condos for sale in up from our last post!

In our last post on Plaza East Galt Ocean Mile condos for sale for June / July 2018  there were 9 condos for sale.

Our market analysis for the 11 x Plaza East condos for sale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1450 $469,900
Max 3 / 2 2030 $850,000
Avg 2 / 2 1552 $624,973
Median 2 / 2 1450 $559,900

We can see from this report that the median price of a Galt Ocean Mile condo for sale here in Plaza East is $559,900 – the same as in our last post but well down from our prior post!

In our prior post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was $597,500 – this being for a 2 bedroom 2 bathroom unit.

It is important to note that median list prices are currently also well down from our 2017 posts when the median price of a Galt Ocean Mile condo for sale here in Plaza East was between $648,000 – $659,000

View Plaza East condominium 4300 N Ocean Blvd Fort Lauderdale
View Plaza East condominium 4300 N Ocean Blvd Fort Lauderdale, Florida

Plaza East Condos
Prices by Bedroom

Here is the market analysis report for Plaza East condos for sale showing median prices by Bedroom

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1450 $525,000 $360.00
3 / 2 2030 $795,000 $392.00

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

  • There have been no 1 Bedroom Plaza East condos sold over the last 6 months In our last post when 1 bedroom units had been sold the median for 1 Bedroom Plaza East condos for sale was $450,000 – this being for a 1 bedroom 1 bathroom unit of 1500 square feet with a square foot price of $300.00
  • 2 Bedroom condo units for sale is $525,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $360.00 – In our last post the median for 2 Bedroom condo units for sale was higher at $554,950 – this being based on a 2 bedroom 2 bathroom unit of 1550 square feet with a list price to square foot price of $362.00
  • 3 Bedroom condo unit for sale is $795,000 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a list price to square foot price of $392.00 – This is the same as in our last post!
View Plaza East 4300 Galt Ocean Mile condo just listed for sale
Look at the view from this Plaza East 4300 Galt Ocean Mile condo just listed for sale – Unit 15A

Plaza East Condos
New Listings

There has been 1 new listing of a Plaza East Galt Ocean Mile condo for sale over the last 30 days – In our last post there were was also just 1 new listings over the prior 30 days – this being Unit 9B a 2 bedroom condo!

Or market report for this new listing is presented below:

CONDO BEDS / BATHS LA LP$
Unit 15A 3 / 2 2030 $850,000

We can see from this report that Unit 15A a 3 bedroom condo has just been listed for sale for $850,000this 3 bedroom 2 bathroom 2030 square foot unit has a list price to square foot price of $419.00

Unit 15A is a remodeled high floor corner unit with direct ocean and Intracoastal views!

This Galt Ocean Mile condo for sale has a “massive” open floor plan with floor to ceiling impact windows & doors and hurricane shutters.

The location of the unit on the corner maximizes the direct ocean  intracoastal views and the unit features a wrap around balcony.

The unit features: a built in bar, tons of closet space and additional storage!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337

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Plaza East Condos
Pending Sales

There are currently no Plaza East Galt Ocean Mile condos under contact and pending sale

In our last post there were 2 units pending sale – condo 17A a 3 bedroom unit and condo 9M a 2 bedroom unit!

Recent Sales – Last 6 Months

There have been 5 sales of Galt Ocean Mile condos here in Plaza East over the last 6 months – this is the same number of sales as in our last post for June / July 2018!

It is important to note that this is down from 8 sales as in our pror post for April / May 2018 which in turn was down from 11 sales as in our earlier post for February / March 2018!

The market summary report for these 5 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1500 $415,000
Max 3 / 2 1870 $640,000
Avg 2 / 2 1685 $560,000
Median 2 / 2 1685 $580,000

We can see from this report that the average sales price for a Plaza East condo sold over the last 6 months has  been $560,000 – this being for a 2 bedroom 2 bathroom unit of 1685 square feet!

We can also see that the median sales price for a Plaza East condo sold over the last 6 months has  been $580,000this being for a 2 bedroom 2 bathroom unit of 1685 square feet – well up from our last post!

In our last post the median sales price for a Plaza East condo sold over the preceding 6 months was much lower at $452,500 – this being for a 2 bedroom 2 bathroom unit of 1685 square feet

View Plaza East condo recently sold Galt Ocean Mile Fort Lauderdale - Unit 7G
View Plaza East condo recently sold Galt Ocean Mile Fort Lauderdale – Unit 7G

Plaza East Condos
Sales Prices by Bedroom

Here is the market analysis report for Plaza East Galt Ocean Mile condos sold over the last 6 months showing median sales prices by Bedroom

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1500 $415,000 $277.00
2 / 2 1870 $580,000 $316.00
3 / 2 1725 $640,000 $371,00

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

  • 1 Bedroom Plaza East condos sold is $415,000 – this being based on a 1 bedroom 1 bathroom unit of 1500 square feet with a sales price to square foot price of $277.00 – In our last post the median for 1 bedroom condo units sold was the same at $415,000 – this being based on a 1 bedroom 1 bathroom unit of 1500 square feet with a sales price to square foot price of $277.00
  • 2 Bedroom Plaza East condos sold is $580,000 – this being based on a 2 bedroom 2 bathroom unit of 1870 square feet with a sales price to square foot price of $316.00 – In our last post the median for 2 bedroom condo units sold was lower at $513,750 – this being based on a 2 bedroom 2 bathroom unit of 1870 square feet with a sales price to square foot price of $284.00
  • 3 Bedroom Plaza East condos sold is $640,000 – this being based on a 3 bedroom 2 bathroom unit of 1725 square feet with a sales price to square foot price of $392.00 – In our last post there had been no 3 bedroom units sold!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Plaza East Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $277.00
Max $392.00
Avg $296.00
Median $296.00

We can see from this report that the median sales price to square foot price paid for a Plaza East condo sold over the last 6 months has been $296.00 per square foot – well up from $280.00 per square foot as in our last post

Important to note is the highest price paid at $392.00 and the lowest price paid at $277.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Plaza East 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 92%
Max 98%
Avg 96%
Median 96%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Plaza East  has been 96% – up from 94% as in our last post!

This means if a Fort Lauderdale condo for sale here in Plaza East is listed at $550,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $528,000 – based on MLS Data!

Days on Market

Days on market for Plaza East Galt Ocean Mile condos for sale is an important indicator on how strong demand is for condos for sale 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 210
Avg 76
Median 65

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Plaza East has been 65 days or just over 2 months – this is the same 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.

Beach views Plaza East 4300 N Ocean Blvd Fort Lauderdale
Look at these great beach views from Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East
Condo Sales Itemized

Here is the data for each of the Plaza East Galt Ocean Mile condos sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 17A 3 / 2 1725 $640,000
Unit 5G 2 / 2 1870 $590,000
Unit 9M 2 / 2 1450 $580,000
Unit 12B 2 / 2 1450 $575,000
PH E 1 / 1 1500 $415,000

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 17A a 3 bedroom condo which sold for $640,000

Unit 17A is a 3 bedroom 3 bathroom 1725 square foot unit and sold for $392.00 per square foot.

This Plaza East condo sold for 95% of list and had 210 days on market or approx 7 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Plaza East Galt Ocean Mile condos are units in a great direct oceanfront condominium here on the famous Galt Ocean Mile.

Currently we have a great range condos for sale here in Plaza East with 11 units for sale!

We have an especially great range of 2 bedroom units on offer – some of which offer a real value!

Sales activity here in Plaza East has slowed as we are now in Summer!

I hope you have enjoyed reading my post on Fort Lauderdale condos for sale here in Plaza East  – Kevin Wirth Realtor-+