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

Playa Del Mar Condos

Playa del Mar
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our November 2020 / December 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 14 x Fort Lauderdale condos for sale here at Playa Del Mar Galt Ocean Mile – 5 of these being new listings 

There have been 7 condos sold here over the last 6 months and 1 unit is currently pending sale

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 $339,900 – $675,900
  • Median List Price $500,500
    – 2 bedroom 2 bathroom unit

Median Sales Last 6 Months

  • Median Sales Price $460,000
    – 1 Bedroom 1 Bathroom unit
  • Sales Price to Sq Ft Price $368.00
  • Sales to List Price 96%
  • Days on Market 141 Days
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, FL

Playa Del Mar
Condos for Sale

There are currently 14 x Playa del Mar Galt Ocean Mile condos for sale here in Fort Lauderdale, Florida up from our last post!

There were 11 x Playa del Mar Galt Ocean Mile condos for sale as in our last post for September 2020 / October 2020.

Our market analysis report for the 14 x Galt Ocean Mile condos currently for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,088 $339,900
Max 2 / 2 1,821 $675,900
Avg 2 / 2 1,422 $504,146
Median 2 / 2 1,435 $500,500

This report shows us that the average price for a condo for sale here in Playa Del Mar is $504,146 – this being for a 2 bedroom 2 bathroom unit of 1422 square feet with a list price to square foot price of $364.00

In our last post the average price for a condo for sale here in Playa Del Mar was higher at $542,559 – this being for a 2 bedroom 2 bathroom unit of 1363 square feet with a list price to square foot price of $378.00

We can also see that the median price for a condo for sale here in Playa Del Mar is $500,500 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $371.00

In our last post the median price for a condo for sale here in Playa Del Mar was higher at $589,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $372.00

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 1,176 $405,500 $370.00
2 / 2 1,771 $590,000 $371.00

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

  • 1 Bedroom Playa del Mar condos for sale is $405,500 – this being for a 1 bedroom 1 bathroom unit of 1176 square feet with a list price to square foot price of $370.00 – In our last post the median price for 1 Bedroom unit  was higher at $437,250 – this being for a 1 bedroom 1 bathroom unit of 1120 square feet with a list price to square foot price of $388.00
  • 2 Bedroom Playa del Mar condos for sale is $590,000 – this being for a 2 bedroom 2 bathroom unit of 1771 square feet with a list price to square foot price of $371.00 – In our last post the median for 2 Bedroom units was higher at $597,000 – this being for a 2 bedroom 2 bathroom unit of 1771 square feet with a list price to square foot price of $371.00
  • There are currently no 3 Bedroom Playa del Mar condos for sale – However in the last post when 3 bedroom condos were for sale the median for 3 Bedroom units was $820,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $383.00
View Galt Ocean Mile condo Playa del Mar 3900 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 504
View Galt Ocean Mile condo Playa del Mar 3900 Galt Ocean Drive just listed for sale Unit 504

Playa Del Mar Condos
New Listings

There have been 5 new listing of Playa del Mar Galt Ocean Mile condos for sale in the last 30 days – 1 x 2 bedroom unit and 4 x 1 bedroom units!

In our last post there were 4 new listings – 2 x 1 bedroom units and 2 x 2 bathroom units.

Our Market Analysis report for these 5 new listings are presented below:

BEDS / BATHS LA LP$
Unit 506 2 / 2 1,821 $590,000
Unit 1805 1 / 1 1,200 $435,000
Unit 504 1 / 1 1,088 $399,999
Unit 1508 1 / 1 1,209 $348,900
Unit 708 1 / 1 1,209 $339,900

We can see from this report that:

Unit 506 a 2 bedroom Playa del Mar condo has just been listed for sale for $590,000this 2 bedroom 2 bathroom 1821 square foot unit has a list price to square foot price of $324.00

Unit 506 is a direct oceanfront condo with exceptional views!

This Galt Ocean Mile condo for sale features: a glass balcony, newer windows and garage parking.

Unit 1805 a 1 bedroom Playa del Mar condo has just been listed for sale for $435,000this 1 bedroom 1 bathroom 1088 square foot unit has a list price to square foot price of $324.00

Unit 1805 is a South East corner unit and has both intracoastal and direct ocean views!

This Galt Ocean Mile condo for sale features: a glass balcony, newer windows and a washer/dryer in the unit.

Unit 504 a 1 bedroom Playa del Mar condo has just been listed for sale for $399,999 – this 1 bedroom 1 bathroom 1088 square foot unit has a list price to square foot price of $363.00

Unit 504 offers “on the sand” ocean views from all rooms!

This Galt Ocean Mile condo for sale features: a new air conditioner and hot water heater, a glass balcony, impact windows and garage parking.

Unit 1508 a 1 bedroom Playa del Mar condo has just been listed for sale for $348,900this 1 bedroom 1 bathroom 1209 square foot unit has a list price to square foot price of $368.00

Unit 1508 is a huge one bedroom unit and offers 1 and 1/2 bathrooms!

This Galt Ocean Mile condo for sale features: ceramic floors, one garage parking space and a washer and dryer in the unit.

Unit 708 a 1 bedroom Playa del Mar condo has just been listed for sale for $339,900this 1 bedroom 1 bathroom 1209 square foot unit has a list price to square foot price of $281.00

Unit 708 is an unapproved short sale and is subject to bank approval!

This Galt Ocean Mile condo for sale is a spacious corner unit on the catwalk with good views of the intracoastal and the city.


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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View Galt Ocean Mile New Listings

Playa Del Mar Condos
Pending Sales

There is currently just  1 x Playa del Mar condo pending sale down from our last post!

In our last post there were 2 units pending sale – 1 x 1 bedroom unit and 1 x 2 bedroom unit!

Our market analysis report for this unit is presented below:

BEDS  / BATHS LA LP$
Unit 2903 2 / 2 1,435 $465,000

We can see from this report that:

Unit 2903 a 2 bedroom Playa del Mar condo listed for sale for $465,000 is now pending salethis 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $324.00

Unit 2903 is a penthouse and needs a full renovation with the exception of the air conditioning unit and water tank!

This Galt Ocean Mile condo for sale offers absolutely stunning-180-degree views starting with the ocean and ending with the everglades.

The unit has a split floor plan which allows privacy for guests.

View Galt Ocean Mile condo Playa del Mar 3900 Galt Ocean Drive Fort Lauderdale recently sold Unit 1601
View Galt Ocean Mile condo Playa del Mar 3900 Galt Ocean Drive recently sold Unit 1601

Playa Del Mar
Sales Last 6 Months

There have been 7 x Playa del Mar Galt Ocean Mile condos sold over the last 6 months

This is up slightly from the 6 x Playa del Mar condos sold over the preceding 6 months as per our last post for September 2020 / October 2020!

Here is our market analysis report for the 7 x Galt Ocean Mile condo sales in Playa Del Mar as at time of writing.

BEDS / BATHS LA SP$
Min 1 / 1 1,088 $355,000
Max 3 / 2 2,140 $830,000
Avg 2 / 1 1,402 $513,743
Median 1 / 1 1,153 $460,000

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 $513,743 – this being for a 2 bedroom 2 bathroom unit

In our last post  the average price paid for a unit sold here in Playa Del Mar over the preceding 6 months was a little higher at $516,033 – this also 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 $460,000 – this being for a 1 bedroom 1 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 lower at $440,000 – this being for a 1 bedroom 1 bathroom unit

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 $390,000 $358.00
2 / 2 1,628 $585,600 $361.00
3 / 2 2,140 $830,000 $388.00

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

  • 1 Bedroom Playa del Mar condos sold has been $390,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a sales price to square foot price of $358.00 In our last post  the median was higher at $410,000 – this being for a 1 bedroom 1 bathroom unit of 1120 square feet with a sales price to square foot price of $366.00
  • 2 Bedroom Playa del Mar condos sold has been $585,600 – this being for a 2 bedroom 2 bathroom unit of 1628 square feet with a sales price to square foot price of $361.00 – In our last post the median for 2 Bedroom units sold over the preceding 6 months was higher at $631,200 – this being for a 2 bedroom 2 bathroom unit of 1821 square feet with a sales price to square foot price of $347.00
  • 3 Bedroom Playa del Mar condos sold has been $830,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a sales price to square foot price of $388.00 – In our last post the median sales price for 3 bedroom units over the preceding 6 months was the same at $830,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a sales price to square foot price of $388.00

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 $326.00
Max $399.00
Avg $365.00
Median $368.00

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 $368.00 per square foot – up slightly from $366.00 as in our last post!

Also important to note is the highest price paid at $399.00!

% 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 91%
Max 98%
Avg 95%
Median 96%

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 96% – this is the same as in our last 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 3
Max 206
Avg 118
Median 141

We can also see that the median days on market for a Playa del Mar condo sold over the last 6 months has been 141 days – up from 116 days 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 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$
Unit 1601 3 / 2 2,140 $830,000
Unit 806 2 / 2 1,821 $631,200
Unit 715 2 / 2 1,435 $540,000
Unit 2512 1 / 1 1,153 $460,000
Unit 414 1 / 1 1,088 $400,000
Unit 2304 1 / 1 1,088 $380,000
Unit 2214 1 / 1 1,088 $355,000

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 1601 a 3 bedroom condo which sold for $830,000.

This 3 bedroom 2 bathroom 2140 square foot condo had a sales price to square foot price of $388.00

Playa del Mar condo unit 1601 sold for 91% of list price and had 178 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 14 units on offer – a mix of 1 and 2 bedroom units – 5 of which are new listings.

Sales activity over the last 6 months has seen 7 units sold and 1 unit is now pending sale!

Buyer activity over the early months of 2020 had slowed right down due to the Corona Virus – however I am glad to report buyer activity here on Galt Ocean Mile is back on the rise!

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