View Playa del Mar Galt Ocean Mile condo for sale 3900 Galt Ocean Drive Fort Lauderdale

Playa Del Mar Condos

Playa del Mar
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our January 2020 / February 2020 pricing guide for Playa del Mar Galt Ocean Mile condos for sale 3900 Galt Ocean Drive Fort Lauderdale Florida

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 15  x Fort Lauderdale condos for sale here at Playa Del Mar Galt Ocean Mile – 3 of these being new listings!

There have been 9 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!

Playa del Mar
Galt Ocean Mile – Key Statistics
Playa Del Mar Condominium Association in Fort Lauderdale, Florida
Address: 3900 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $289,900 – $975,000
  • Median List Price $619,900
    – 2 bedroom 2 bathroom unit

Median Sales Last 6 Months

  • Median Sales Price $450,000
    – 2 Bedroom 2 Bathroom unit
  • Sales Price to Sq Ft Price $313.00
  • Sales to List Price 93%
  • Days on Market 147 Days

Playa Del Mar
Condos for Sale

There are currently 15 x Playa del Mar Galt Ocean Mile condos for sale here in Fort Lauderdale, Florida.

This is up from 12 x Playa del Mar condos for sale as in our last post for December 2019 / January 2020.

Our market analysis report for these 15 x Galt Ocean Mile condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,209 $289,900
Max 3 / 2 2,140 $975,000
Avg 2 / 2 1,596 $675,513
Median 2 / 2 1,650 $619,900

This report shows us that the average price for a condo for sale here in Playa Del Mar is $675,513 – this being for a 2 bedroom 2 bathroom unit of 1596 square feet with a list price to square foot price of $407.00

We can also see that the median price for a condo for sale here in Playa Del Mar is $619,900 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $417.00

In our last post for December 2019 / January 2020 the median price for a condo for sale here in Playa Del Mar was higher at $649,000 – this being for a 2 bedroom 2 bathroom unit of 1710 square feet with a list price to square foot price of $418.00

View Galt Ocean Mile condominium Playa del Mar 3900 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Playa del Mar 3900 Galt Ocean Drive Fort Lauderdale

Playa del Mar Condos
Prices by Bedroom

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

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,209 $319,900 $240.00
2 / 2 1,435 $619,000 $417.00
3 / 2 2,140 $912,000 $426.00

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

  • 1 Bedroom Playa del Mar condos for sale is $319,900 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a list price to square foot price of $240.00 – In our last post the median price for 1 Bedroom unit  was higher at $349,900 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a list price to square foot price of $289.00
  • 2 Bedroom Playa del Mar condos for sale is $619,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $417.00 – In our last post the median for 2 Bedroom units was higher at $649,000 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $417.00
  • 3 Bedroom Playa del Mar condos for sale is $912,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $426.00 – In our last post the median for 2 Bedroom units was lower at $907,500 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $424.00
View Playa del Mar Galt Ocean Mile condo just listed for sale 3900 Galt Ocean Drive Fort Lauderdale Unit 2417
View Playa del Mar Galt Ocean Mile condo just listed for sale 3900 Galt Ocean Drive #2417

Playa Del Mar Condos
New Listings

There have been 3 new listings of Playa del Mar Galt Ocean Mile condos for sale in the last 30 days – In our last post there were also 3 new listings.

Our Market Analysis report for these 3 new listings is presented below:

BEDS / BATHS LA LP$
Unit 2417 3 / 2 2,124 $975,000
Unit 316 2 / 2 1,435 $599,000
Unit 715 2 / 2 1,435 $599,000

We can see from this report that:

Unit 2417 a 3 bedroom Playa del Mar condo has just been listed for sale for $975,000this 3 bedroom 2 bathroom 2124 square foot unit has a list price to square foot price of $459.00

Condo Unit 2417 is a 24th floor corner condo with direct ocean views – in pristine condition – hardly lived in!

This Galt Ocean Mile condo for sale is renovated and modern throughout and features: an open kitchen with stainless and granite, a master bathroom with a Roman tub and walk-in shower.  The unit has tile floors throughout.

Unit 316 a 2 bedroom condo has just been listed for sale for $599,000this 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $417.00

Condo Unit 316 is an amazing renovation with gorgeous ocean views from the units spacious balcony.

This Galt Ocean Mile condo for sale features over $300,000 in upgrades and luxurious furniture.   The condo has been professionally remodeled and decorated.

Unit 715 a 2 bedroom condo has just been listed for sale for $599,000this 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $417.00

Condo Unit 715 Luxury ocean front condo.

This Galt Ocean Mile condo for sale features: Crema Marble throughout, Top of the line appliances, and full sized washer/dryer.  The master suite is complete with 2 walk-in closets with built-ins.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

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

Click here to email me now

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Playa Del Mar Condos
Pending Sales

There are currently no Playa del Mar condos pending sale In our last post there was just 1 unit pending sale – Unit 505 a 2 bedroom condo.

Playa Del Mar
Sales Last 6 Months

There have been 9 x Playa del Mar Galt Ocean Mile condos sold over the last 6 months

This is down from 12 x Playa del Mar condos sold over the preceding 6 months as per our last post for December 2019 / January 2020!

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

BEDS / BATHS LA SP$
Min 1 / 1 1,088 $250,000
Max 3 / 2 2,140 $912,500
Avg 2 / 2 1,593 $535,944
Median 2 / 2 1,649 $450,000

We can see from this report that the average price paid for a unit sold here in Playa Del Mar over the last 6 months has been $535,944 – this being for a 2 bedroom 2 bathroom unit

We can also see that the median price paid for a unit sold here in Playa Del Mar has been $450,000 – this being for a 2 bedroom 2 bathroom unit

It is important to note that in our last post the median price paid for a unit sold over the preceding 6 months here in Playa Del Mar was higher at $470,000 – this also being for a 2 bedroom 2 bathroom unit

View Playa del Mar Galt Ocean Mile condo recently sold 3900 Galt Ocean Drive Fort Lauderdale Unit 505
View Playa del Mar Galt Ocean Mile condo recently sold 3900 Galt Ocean Drive # 505

Playa del Mar Condos
Median Sales Prices

Here is our summary report showing the median sales prices by bedroom for all of the Playa del Mar Galt Ocean Mile condos sold over the last 6 months.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,088 $340,000 $313.00
2 / 2 1,710 $497,500 $306.00
3 / 2 2,140 $851,250 $369.00

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

  • 1 Bedroom Playa del Mar condos sold has been $340,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a sales price to square foot price of $313.00 In our last post  the median was a little lower at $336,500 – this being for a 1 bedroom 1 bathroom unit of 1148 square feet with a sales price to square foot price of $294.00
  • 2 Bedroom Playa del Mar condos sold has been $497,500 – this being for a 2 bedroom 2 bathroom unit of 1710 square feet with a sales price to square foot price of $306.00.  In our last post the median for 2 Bedroom units sold over the preceding 6 months was higher at $517,500 – this being for a 2 bedroom 2 bathroom unit of 1603 square feet with a sales price to square foot price of $314.00.
  • 3 Bedroom Playa del Mar condos sold has been $851,250 – this being for a 2 bedroom 2 bathroom unit of 2140 square feet with a sales price to square foot price of $369.00. – In our last post the median sales price for 3 bedroom units over the preceding 6 months was the same at $851,250 – this being for a 2 bedroom 2 bathroom unit of 2140 square feet with a sales price to square foot price of $369.00

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 $207.00
Max $426.00
Avg $314.00
Median $313.00

We can see from this report that the median sales price to square foot price paid for a Playa del Mar Galt Ocean Mile condo sold over the last 6 months has been $313.00 per square foot – the same as in our last post!

Also important to note is the highest price paid at $426.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Playa del Mar 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 97%
Avg 93%
Median 93%

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 93%

It is important to note that this is down from the median of 95% in our last post and 96% as in our prior post!

This means if a Fort Lauderdale condo for sale here in Playa del Mar is listed at $650,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $624,000 based on MLS data!

Days on Market

Days on market for Playa del Mar condos for sale 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 13
Max 348
Avg 147
Median 147

We can also see that BOTH the average and median days on market for a Playa del Mar condo sold over the last 6 months has been just 147 days or just under 5 months 

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 Playa del Mar Galt Ocean Mile condos sold over the last 6 months

BEDS / BATHS LA SP$ SP$/SqFt
Unit 1401 3 / 2 2,140 $912,500 $426.00
Unit 401 3 / 2 2,140 $790,000 $369.00
Unit 1511 2 / 2 1,771 $739,000 $417.00
Unit 1006 2 / 2 1,821 $545,000 $299.00
Unit 1103 2 / 2 1,435 $450,000 $314.00
Unit 505 2 / 2 1,649 $447,000 $271.00
Unit 2114 1 / 1 1,088 $350,000 $322.00
Unit 505 1 / 1 1,088 $340,000 $313.00
Unit 2114 1 / 1 1,209 $250,000 $207.00

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 1401 a 3 bedroom condo which sold for $912,500.

This 2 bedroom 2 bathroom 2140 square foot condo had a sales price to square foot price of $426.00

Playa del Mar condo unit 1401 sold for 96% of list price and had 169 days on market or just under 6 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Playa del Mar Galt Ocean Mile condos for sale are units in a great direct oceanfront complex that is pet friendly too!

Currently there is a great range of condos for sale with 15 units on offer – including 1, 2 and several 3 bedroom units!

Sales activity has been solid the last 6 months with 9 units sold -and I am very pleased to report that buyer activity is up as we are enter our prime “Sales Season”

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