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Playa Del Mar Condos

Playa Del Mar
Fort Lauderdale

Welcome to our August / September 2017 Blog on Playa Del Mar condos for sale Fort LauderdaleLauderdale

Playa del Mar offers condos for sale that are direct oceanfront units – set right on the beachfront here on our famous Galt Ocean Mile.

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At the time of writing this Blog there are 6 x Fort Lauderdale condos for sale here at Playa Del Mar on Galt Ocean Mile – 1 of which is a new listing!

There have been 11 condos sold here 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 Mar – Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Prices from $340,000 – $530,000
  • Median List Price $365,000
    – 1 Bedroom 1 Bathroom Unit

Median Sales Last 6 Months

  • Sales Price $476,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $300.00
  • Sales to List Price 95%
  • Days on Market 137 Days

Playa Del Mar
Condos for Sale

There are currently 6x Playa del Mar condos for sale here on Galt Ocean Mile in Fort Lauderdale FL.

It is important to note that this is down from the 8 condos for sale in our last post on Playa del Mar condos for sale for June / July 2017

Our market analysis report for these 6 x Galt Ocean Mile condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1088 $340,000
Max 2 / 2 1771 $530,000
Avg 1 / 1 1101 $404,200
Median 1 / 1 1148 $365,000

This report shows us that the median price for a condo for sale here in Playa Del Mar is $365,000 – this being for a 1 bedroom 1 bathroom unit of 1148 square feet with a list price to square foot price of $313.00

In our last post on Playa del Mar Condos for Sale Fort Lauderdale the median price for a condo for sale was higher at $387,500 – this being for a 1 bedroom 1 bathroom unit of 1148 square feet with a list price to square foot price of $313.00

View Playa del Mar condominium here on Galt Ocean Mile
View Playa del Mar condominium here on Galt Ocean Mile in Fort Lauderdale

Playa del Mar Condos
Prices by Bedroom

Here are the median prices by bedroom for all the Playa del Mar condos currently for sale.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1088 $352,450 $313.00
2 / 2 1610 $502,650 $317.00

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

  • 1 Bedroom units for sale is $352,450 – this being for a unit of 1088 square feet with a list price to square foot price of $313.00 – In our last post the median price for 1 Bedroom unit  was higher at $358,000 – this being for a unit of 1088 square feet with a list price to square foot price of $321.00
  • 2 Bedroom units is $502,650 – this being for a unit of 1610 square feet with a list price to square foot price of $317.00 – In our last post the median for 2 Bedroom units was lower at $475,800 – this being for a unit of 1450 square feet with a list price to square foot price of $279.00
  • 3 Bedroom units – there are currently no 3 bedroom units for sale However in the last post that had 3 Bedroom units for sale the median was $749,000 – this being for a unit of 2124 square feet with a list price to square foot price of $353.00
View Galt Ocean Mile condo just listed for sale Playa del Mar Fort Lauderdale
View Galt Ocean Mile condo just listed for sale Playa del Mar Fort Lauderdale

Playa Del Mar Condos
New Listings

There has been 1 new listing of a Galt Ocean Mile condo for sale here in Playa Del Mar in the last 30 days

In our last post there were no new listings.

Our market analysis report for this new listing is presented below.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1088 $355,000 $326.00

We can see from this report that a 1 bedroom Playa del Mar condo has just been listed for sale for $355,000this 1 bedroom 1 bathroom 1088 square foot unit has a list price to square foot price of $326.00

This condo luxurious, high-rise, ocean-front unit offers beautiful and breathtaking ocean views!

The unit is in immaculate conditions with newly carpeted and tiled floors, and features a dining/living room combination.

 

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

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Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

 

Playa Del Mar Condos
Pending Sales

There are currently no condos here in Playa Del Mar that are under contract and are pending sale.

In our last post there were 3 condos pending sale – Unit 1615, Unit 1416 and Unit 115 all 2 bedroom units!

Playa Del Mar
Sales Last 6 Months

There have been 11 condo units sold in Playa del Mar over the last 6 months – this is up from the 8 Playa del Mar condos sold over the preceding 6 months as per our last post!

Here is our market analysis report of Galt Ocean Mile condo sales over in Playa Del Mar as at time of writing.

BEDS / BATHS LA SP$
Min 1 / 1 1088 $278,000
Max 3 / 2 2140 $865,000
Avg 2 / 2 1548 $484,272
Median 2 / 2 1435 $476,000

We can see from this report that the median price paid for a unit here in Playa Del Mar has been $476,000 – this being for a 2 bedroom 2 bathroom unit – this is down from our last post!

In our last post on Playa del Mar condos for sale for June / July 2017 the median price paid for a unit here in Playa Del Mar for the preceding six months was over $19,000 less at $456,750 – this being for a 2 bedroom 2 bathroom unit

View Galt Ocean Mile condo recently sold Playa del Mar - Unit 117
View Galt Ocean Mile condo recently sold Playa del Mar Fort Lauderdale – Unit 117

Playa del Mar Condos
Median Sales Prices

Here are the median sales prices by bedroom for all the Playa del Mar condos sold over the last 6 months.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1148 $319,000 $280.00
2 / 2 1435 $476,000 $289.00
3 / 2 2132 $762,500 $357.00

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

  • 1 Bedroom Playa del Mar condos sold has been $319,000 this being for a unit of 1148 square feet with a sales price to square foot price of $280.00.  This is the same as in our last post!
  • 2 Bedroom Playa del Mar condos sold has been $476,000 – this being for a unit of 1435 square feet with a sales price to square foot price of $289.00.  In our last post the median for 2 Bedroom units sold over the preceding 6 months was over $21,000 higher at $497,500 – this being for a larger unit of 1649 square feet with a sales price to square foot price of $302.00.
  • 3 Bedroom Playa del Mar condos sold has been $762,500 – this being for a unit of 2132 square feet with a sales price to square foot price of $357.00.  In our last post the median for 3 Bedroom units sold over the preceding 6 months was over $100,000 higher at $865,000 – this being for a unit of 2132 square feet with a sales price to square foot price of $404.00.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL of the Fort Lauderdale Condos sold in Playa del Mar over the last 6 months.

SP$/SqFt
Min $230.00
Max $404.00
Avg $308.00
Median $300.00

We can see from this report that the median sales price to square foot price paid for a Playa del Mar condo sold over the last 6 months has been $300.00 per square foot – down from $307.00 in our last post!

Also important to note is the highest price paid at $404.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Playa del Mar – 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 97%
Avg 93%
Median 95%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in Playa del Mar has been 95% – this is the same as in our last 5 posts!

This means if a Fort Lauderdale condo for sale here in Playa del Mar is listed at $500,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $475,000 based on MLS data!

Days on Market

Days on market for Condos for Sale in Playa del Mar is an important indicator on how strong demand is for Fort Lauderdale 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 8
Max 379
Avg 132
Median 137

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Playa del Mar is 132 days

More importantly is the median days on market at 137 days – this is down a little from 145 days 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 Mar
Condo Sales Itemized

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

CONDO BEDS / BATHS LA SP$
Unit 201 3 / 2 2140 $865,000
Unit 117 3 / 2 2124 $660,000
Unit 1615 2 / 2 1435 $545,000
Unit 2415 2 / 2 1435 $506,000
Unit 1405 2 / 2 1649 $495,000
Unit 705 2 / 2 1649 $476,000
Unit 1416 2 / 2 1435 $415,000
Unit 616 2 / 2 1435 $367,500
Unit 1114 1 / 1 1088 $360,000
Unit 115 2 / 2 1435 $359,500
Unit 1409 1 / 1 1209 $278,000

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 201 a 3 bedroom condo which sold for $865,000.

This 3 bedroom 2 bathroom 2140 square foot condo had a sales price to square foot price of $404.00

Playa del Mar condo unit 201 sold for 89% of list price and had 62 days on market or just under 6 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

I love Playa del Mar – its a great complex and pet friendly too!

Currently there is a very good range of  condos for sale here at Playa del Mar with 11 units for sale…

Some of these units offers a great value too!

Sales activity has really been “excellent” over the last 6 months with 11 units sold! 

It is also great to see the list price to sales price continue to hold at 95%!

If your looking for a direct oceanfront condo for sale in a great building here in Fort Lauderdale, I strongly recommend adding units for sale here in Playa del Mar.

I hope you have enjoyed this post on Playa Del Mar Fort Lauderdale Condos for Sale – Kevin Wirth Realtor