View from Fort Lauderdale condo for sale in Playa del Mar

Playa Del Mar Condos

Playa Del Mar
Fort Lauderdale

Welcome to our May / June Blog on Playa Del Mar condos for sale here on Galt Ocean Mile in Fort Lauderdale

Search Playa Del Mar Condos for Sale

At the time of writing this Blog there are 10 x Fort Lauderdale condos for sale here at Playa Del Mar on Galt Ocean Mile – 1 of of which is a new listing.

There are 3 units pending sale and there have been 5 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 $274,900 – $947,777
  • Median List Price $499,950
    – 2 Bedroom 2 Bathroom Unit

Median Sales Last 6 Months

  • Sales Price $390,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales to List Price 95%
  • Days on Market 116 Days

Playa Del Mar
Condos for Sale

There are 10 x Playa del Mar condos for sale –  this is down from 13 condos for sale as in our last post.

Our market analysis report for these condos is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 2 2,124 $947,777
Low 1 / 1 1,088 $274,900
Avg 2 / 2 1,516 $512,188
Med 2 / 2 1,542 $499,950


This report shows us that the median price for a condo for sale here in Playa Del Mar is $499,950 –
this being for a 2 bedroom 2 bathroom unit of 1542 square feet with a list price to square foot price of $364.00 – down from our last post!

In our last post on Playa del Mar Condos for Sale Fort Lauderdale the median price for a condo for sale was $550,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $375.00

View Playa del Mar condominium here on Galt Ocean Mile
View Playa del Mar condominium here on Galt Ocean Mile

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 SF/FF List Price LP$/SqFt
1 / 1 1,209 $298,500 $242
2 / 2 1,649 $637,000 $381
3 / 2 2,124 $947,777 $446

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

  • 1 Bedroom units for sale is $298,500 – this being for a unit of 1209 square feet with a list price to square foot price of $242.00 – In our last post the median price for 1 Bedroom unit  was higher at $308,750 – this being for a unit of 1209 square feet with a list price to square foot price of $247.00
  • 2 Bedroom units is $637,000 – this being for a unit of 1649 square feet with a list price to square foot price of $381.00 – In our last post the median for 2 Bedroom units was higher at $644,000 – this being for a unit of 1549 square feet with a list price to square foot price of $398.00
  • 3 Bedroom unit is $947,777 this being for a unit of 2124 square feet with a list price to square foot price of $446.00 – this is the same as in our last 2 posts!
Pool views from an oceanfront condo for sale in Playa del Mar
Pool views from an oceanfront condo for sale in Playa del Mar

Playa Del Mar Condos
New Listings

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

This is down from 3 new listings in our last post and 4 new listings as per our prior post!

Our market analysis report for these condos is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,210 $286,900 $237

We can see from this report that a 1 bedroom unit – Condo 1108 has just been listed for sale for $286,900 this 1 bedroom 1 full bathroom 1210 square foot unit has a list price to square foot price of $237.00

This large corner condo is a 1 bedroom 1.5 bathroom unit and features a walk-in closet and a washer / dryer in the unit.

The condo has garage parking space.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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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 is currently 3 condos in Playa Del Mar that are under contract and are pending sale.  

In our last post there were 2 units pending sale!

Our market analysis report for this unit is presented below

 Condo Beds/Baths SF/FF List Price
Unit1107 2 / 2 1,771 $639,000
Unit2415 2 / 2 1,435 $550,000
Unit2214 1 / 1 1,088 $325,000
Median 2 / 2 1,435 $550,000

 

We can see from this report that the median price for a unit currently pending sale here in Playa del Mar is $550,000 this being for a 2 bedroom 2 bathroom 1435 square foot unit with a list price to square foot price of $361.00

Lovely oceanfront views from a condo pending sale in Playa del Mar
Lovely oceanfront views from a condo pending sale in Playa del Mar

Pending Sales Notes

Here are our notes on these units pending sale:

  • Condo Unit 1107 a 2 bedroom unit listed for sale for $639,000 is now pending salethis 2 bedroom 2 bathroom 1771 square foot unit has  a list price to square foot price of $361.00.  This condo is a rarely available Southeast corner unit with a semi-private elevator. The condo is “designer finished” with granite and marble throughout, an open kitchen, a modern glass balcony and impact windows.  This unit has garage parking and a washer / dryer.  
  • Condo Unit 2415 also a 2 bedroom unit is now pending sale, this unit was  listed for sale for $550,000  – this 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $383.00. This condo is on the 24th floor and offers direct ocean views for miles from all rooms.   The unit is designer finished with tile, stainless / granite, an open kitchen and granite bath vanities. You will love the modern glass balcony and impact windows. 
  • Condo Unit 2214 a 1 bedroom unit is pending sale, this unit was  listed for sale for $325,000 this 1 bedroom 1 bathroom 1088 square foot unit has a list price to square foot price of $299.00.  This condo offers breathtaking views of the City and Beach. 
Look at the views from this 2 bedroom condo recently sold in Playa del Mar
Look at the views from this 2 bedroom condo recently sold in Playa del Mar

Playa Del Mar
Sales Last 6 Months

There have been 5 condo units sold in Playa del Mar over the last 6 months – this is the same number of units as in 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 SF/FF Sale Price
High 2 / 2 1,435 $610,000
Low 1 / 1 1,088 $298,000
Avg 2 / 2 1,319 $416,100
Med 2 / 2 1,435 $390,000


We can see from this report that the median price paid for a unit here in Playa Del Mar has been $390,000  –
this being for a 2 bedroom 2 bathroom unit!

In our last post the median price paid for a unit here in Playa Del Mar for the preceding six months was $430,000 – this being for a 2 bedroom 2 bathroom unit!

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 SF/FF Sale Price SP$/SqFt
1 / 1 1,088 $315,250 $290
2 / 2 1,435 $450,000 $314

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

  • 1 Bedroom units sold has been $312,250 this being for a unit of 1088 square feet with a sales price to square foot price of $290.00
  • 2 Bedroom units sold has been $450,000 – this being for a unit of 1435 square feet with a sales price to square foot price of $314.00

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
High $344
Low $272
Avg $302
Med $306


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 $306.00 per square foot.

It is important to note that this is up from $293.00 in our last post and $279.00  in our prior post!

Also important to note is the highest price paid at $344.00

% 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$/LP$
Avg 95%
Med 95%


We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condos here in Playa del Mar has been 95%

This is well up from 92% in our last post!

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 would sell for 95% of that amount or $475,000.

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.

 $$ Days on Market
Avg 148
Med 116

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Playa del Mar is 148 days

More importantly is the median days on market at 116 days – this is approximately 4 months!

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

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 – with some superb 2 bedroom units on offer.

Median sales prices have softened over the last few months as some older units / units in need of updating have been sold.

I am confident however that median sales prices will soon “bounce” back and that 2016 will set new records.

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