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Playa Del Sol Condos

Playa Del Sol
Galt Ocean Mile Condos

Welcome to my December 2018 / January 2019 Blog on Playa Del Sol Galt Ocean Mile condos for sale Fort Lauderdale

Playa del Sol is a direct oceanfront complex set here on the famous Galt Ocean Mile

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At the time of writing this Blog there are 8 oceanfront condos for sale at Playa Del Sol – 3 of which are new listings!

There have been 12 sales recorded in the MLS 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 Sol – Important information for both buyers and sellers!

Playa del Sol
Galt Ocean Mile – Key Statistics
Playa Del Sol Condo Association – Condominium Complex
Address: 3500 Galt Ocean Dr, Fort Lauderdale
  • Prices from $470,000 – $650,000
  • Median List Price $564,000
    – 2 Bedroom  / 2 Bathroom Unit 

Median Sales Data

  • Sales Price last 6 Months $346,250
     2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $318.00
  • Median Sales to List Price 96%
  • Days on Market 54 Days 
Aerial view Playa del Sol condominium 3500 Galt Ocean Drive Fort Lauderdale
Aerial view of Playa del Sol condominium 3500 Galt Ocean Drive, Fort Lauderdale

Playa Del Sol
Condos for Sale

There are currently 8 x Playa del Sol Galt Ocean Mile condos for sale – all 2 bedroom units.

This is up slightly from the 7 condos for sale as in our last post for October / November 2018

Our market analysis report for these 8 x Galt Ocean Mile condos for sale in presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1,435 $470,000
Max 2 / 2 1,821 $650,000
Avg 2 / 2 1,552 $557,737
Median 2 / 2 1,435 $564,000

This report shows us that the average price for a condo here in Playa del Sol is $489,257 and the median price is $549,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!

In our last post for October / November 2018 the average price for a condo here in Playa del Sol was $489,257 and the median price was $549,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!

View Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale condo for sale
View Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale condo for sale

Playa Del Sol
Prices by Bedroom

A useful guide is to look to median prices for Playa del Sol Galt Ocean Mile condos by bedroom.

Our market summary report for condos for sale in Playa del Sol by bedroom is presented below:

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,435 $564,000 $379.00

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

  • There are currently no 1 Bedroom Playa del Sol condos for sale In our last post the median for 1 Bedroom units for sale was $309,500 – this being for a 1 bedroom 1 bathroom unit of 1148 square feet with a list price to square foot price of $272.00
  • 2 Bedroom Playa del Sol condos for sale is $564,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $379.00 – In our last post the median for 2 Bedroom units for sale was lower at $549,900 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $383.00
  • There are currently no 3 Bedroom Playa del Sol condos for sale – In the last post when 3 bedroom units were for sale the median for 3 Bedroom Playa del Sol condos for sale was $850,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $397.00

Playa Del Sol Condos
New Listings – Last 30 Days

There has been 3 new listings of a Playa del Sol Galt Ocean Mile condos for sale over the last 30 days – all 2 bedroom units!

In our last post for October / November 2018 we also had 3 new listings!

Our market analysis report for these new listings is presented below

BEDS / BATHS LA LP$
Min 2 / 2 1,435 $470,000
Max 2 / 2 1,821 $650,000
Avg 2 / 2 1,676 $568,333
Median 2 / 2 1,771 $585,000

We can see from this report that the average price for a new listing of a Playa del Sol condo for sale is $568,333 – this being for a 2 bedroom 2 bathroom unit of 1676 square feet.

We can also see that the median price for a new listing is $585,000this being for a 2 bedroom 2 bathroom unit of 1771 square feet!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – 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

View Galt Ocean Mile condo recently sold Playa del Sol 3500 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condo recently sold Playa del Sol 3500 Galt Ocean Drive

Playa Del Sol Sales

In this section of this post we take time to review pending sales and sales over the last 6 months.

Playa Del Sol
Pending Condo Sales

There is currently just 1 x Playa del Sol Galt Ocean Mile condo under contract and pending sale – There were 4 condos pending sale as in our last post for October / November 2018!

The market analysis report for this 1 x Galt Ocean Mile condo pending sale is presented below.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,435 $480,000 $334.00

We can see from this report that:

Playa del Sol unit 1015A a 1 bedroom condo offered for sale for $480,000 is now pending salethis 2 bedroom 2 bathroom 1435 square foot unit had a list price to square foot price of $334.00

Unit 1015A has impact windows and doors throughout and a newer A/C and hot water heater.   This Galt Ocean Mile condo has solar shades, a remodeled kitchen and bathrooms.   There is a washer and dryer in the unit too!

View Galt Ocean Mile condos for sale Fort Lauderdale
Great beach view of some of our Galt Ocean Mile condos for sale here in Fort Lauderdale

Playa Del Sol
Sales Last 6 Months

There have been 12 x Playa del Sol Galt Ocean Mile condos sold over the last 6 months – This is up from the 9 sales over the preceding 6 months as in our post for October / November 2018

The market analysis report for these 12 x Playa Del Sol condo sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,088 $260,000
Max 3 / 2 2,140 $835,000
Avg 1 / 1 1,368 $408,917
Median 1 / 1 1,209 $346,250

We can see from this report that the average sales price for a unit here in Playa Del Sol has been $408,917 – this being based on a 1 bedroom 1 bathroom unit.

We can also see from this report that the median sales price for a unit here in Playa Del Sol has been $346,250 – this being based on a 1 bedroom 1 bathroom unit.

We can also see from this report that the median sales price for a unit here in Playa Del Sol was higher at $381,000 – this being based on a 1 bedroom 1 bathroom unit.

View Galt Ocean Mile condo recently sold Playa del Sol 3500 Galt Ocean Drive - Unit 304
View Galt Ocean Mile condo recently sold Playa del Sol 3500 Galt Ocean Drive – Unit 304

Playa Del Sol
Sales Prices by Bedroom

A useful guide is to look to median prices for Playa del Sol Galt Ocean Mile condos sold over the last 6 months by bedroom.

Our market summary report for sales prices for condos sold here in Playa del Sol by bedroom is presented below.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,181 $305,500 $274.00
2 / 2 1,435 $520,000 $345.00
3 / 2 2,140 $835,000 $390.00

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

  • 1 Bedroom Playa del Sol condos sold has been $305,500 this being for a 1 bedroom 1 bathroom unit of 1181 square feet with a list price to square foot price of $274.00 – In our last post the median sales price for 1 Bedroom Playa del Sol condos sold was ever so slightly higher at $306,000 – this being for a 1 bedroom 1 bathroom unit of 1153 square feet with a list price to square foot price of $321.00
  • 2 Bedroom Playa del Sol condos sold has been $520,000 this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $345.00 – In our last post the median for 2 Bedroom Playa del Sol condos sold was the same at $520,000 – this being for a larger 2 bedroom 2 bathroom unit of 1649 square feet with a list price to square foot price of $315.00
  • 3 Bedroom Playa del Sol condos sold has been $835,000 this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $390.00 – In our last post the median for 3 Bedroom Playa del Sol condos sold was the same at $835,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $390.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL Playa del Sol Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $215.00
Max $390.00
Avg $307.00
Median $318.00

We can see from this report that the median sales price to square foot price paid for a condo sold here in Playa del Sol over the last 6 months has been $318.00 per square foot which is down slightly from $321.00 in our last post and $323.00 per square foot as in our prior post!

It is important to note the highest square foot price paid at $390.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Playa del Sol 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 90%
Max 98%
Avg 96%
Median 96%

We can see from this report that BOTH the average and median sales price to list price has been 96% – this is up from 94% as our last post!

This means if a Fort Lauderdale condo for sale here in Playa del Sol 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.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in Playa del Sol is an important indicator on how strong demand is for condos in this complex..

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 11
Max 170
Avg 73
Median 54

We can see from this report that the average days on market for a Galt Ocean Mile condo sold in Playa del Sol is 73 days

We can also see that the median days on market at 54 days or just under 8 weeks – down from 74 days or just over 10 weeks 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.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Playa del Sol Galt Ocean Mile condos are units set in one of the Iconic Galt Mile condominiums – and the complex offers great amenities and a prime direct oceanfront location.

We currently have a good range of condos for sale with 8 units on offer!

It is great to report once again that sales continue to remain strong even out of Season here in Playa del Sol!

Over the last 6 months we have had 12 units sold with 1 unit currently pending sale!

I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Playa Del Sol – Kevin Wirth Realtor.