Playa del Sol
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our November 2020 / December 2020 pricing guide for Playa del Sol Galt Ocean Mile condos for sale 3500 Galt Ocean Drive Fort Lauderdale Florida.
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 7 oceanfront condos for sale at Playa Del Sol
There have been 5 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 $280,000 – $790,000
- Median List Price $450,000
– 2 Bedroom / 2 Bathroom Unit
Median Sales Data
- Sales Price last 6 Months $450,000
– 2 Bedroom 2 Bathroom Unit - Sales Price to Sq Ft Price $349.00
- Median Sales to List Price 97%
- Days on Market 172 Days
Playa Del Sol
Condos for Sale
There are currently 7 x Playa del Sol Galt Ocean Mile condos for sale here in Fort Lauderdale.
This is well up from 3 x Playa del Sol condos for sale as in our last post for September 2020 / October 2020
Our market analysis report for these 7 x Galt Ocean Mile condos for sale in presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 1,088 | $299,900 |
| Max | 3 / 2 | 2,140 | $999,900 |
| Avg | 2 / 2 | 1,452 | $564,829 |
| Median | 2 / 2 | 1,435 | $519,000 |
This report shows us that the average price for a condo here in Playa del Sol is $564,829 – this being for a 2 bedroom 2 bathroom unit of 1452 square feet.
This report also shows us that the median price for a condo here in Playa del Sol is $519,800 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet!
Note: the most expensive unit for sale is a 3 bedroom condo offered for sale at $999,900 and the least expensive unit for sale is a 1 bedroom condo offered for sale at $299,900.
Playa Del Sol
Condos for Sale
Prices by Bedroom
A useful guide is to look to median prices for Playa del Sol Galt Ocean Mile condos by bedroom.
Our market summary report for condos for sale in Playa del Sol by bedroom is presented below:
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1,088 | $368,000 | $338.00 |
| 2 / 2 | 1,435 | $649,000 | $366.00 |
| 3 / 2 | 2,140 | $999,900 | $467.00 |
We can see from this report that the median prices for:
- 1 Bedroom Playa del Sol condos for sale is $368,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $338.00 – In our last post the median was lower at $350,000 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a list price to square foot price of $290.00
- 2 Bedroom Playa del Sol condos for sale is $649,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $366.00 – In our last post the median for 2 Bedroom units for sale was higher at $729,000 – this being for a 2 bedroom 2 bathroom unit of 1435 square feet with a list price to square foot price of $508.00
- 3 Bedroom Playa del Sol condos for sale is $999,900 – this being for a 2 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $467.00 – In our last post there were no 3 bedroom units for sale – However in the last post when 3 bedroom units were for sale the median for 3 Bedroom Playa del Sol condos for sale was lower at $850,000 – this being for a 3 bedroom 2 bathroom unit of 2140 square feet with a list price to square foot price of $397.00
Playa Del Sol Condos
New Listings – Last 30 Days
There has been 1 new listing of a Playa del Sol Galt Ocean Mile condo for sale over the last 30 days – In our last post there were no new listings.
Our market analysis report for this new listing is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 715 | 2 / 2 | 1,435 | $519,000 |
We can see from this report that Unit 715 a 2 bedroom Playa del Sol Galt Ocean Mile condo has just been listed for sale for $519,000 – this 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $362.00
Unit 715 offers a North-East ocean view, has an open glass balcony and great square footage.
This Galt Ocean Mile condo for sale features: a generous sized master and a second bedroom with a convertible Murphy bed.
There is a washer and dryer inside in kitchen, a one-year-old AC unit, White tile flooring, white kitchen appliances and deeded parking.
The unit is offered fully furnished.
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337
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Playa Del Sol Sales
In this section of this post we take time to review pending sales and sales over the last 6 months.
Playa Del Sol
Pending Condo Sales
There is currently 1 x Playa del Sol Galt Ocean Mile condo under contract and pending sale.
In our last post there were 3 condos pending sale – 1 x 2 bedroom unit and 2 x 1 bedroom units
Our market analysis report for this unit is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 1216 | 2 / 2 | 1,435 | $529,000 |
We can see from this report that Playa del Sol Unit 1216 a 2 bedroom Galt Ocean Mile condo listed for sale for $529,000 iS pending sale – this being a 2 bedroom 2 bathroom 1435 square foot unit with a list price to square foot price of $401.00
Unit 1216 is a prime North East facing ocean view condo!
This Galt Ocean Mile condo features a kitchen has been opened and remodeled with wood cabinets, Granite counter tops and Stainless Steel appliances.
The unit has upgraded baths, impact windows and doors, a washer and dryer in the unit, an open glass balcony.
This unit was also pending sale in our last post!
Playa Del Sol
Sales Last 6 Months
There have been 5 x Playa del Sol Galt Ocean Mile condos sold over the last 6 months
This is up from 4 sales as in our last post for September 2020 / October 2020!
The market analysis report for these 5 x Playa Del condo sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1,088 | $280,000 |
| Max | 2 / 2 | 2,140 | $790,000 |
| Avg | 2 / 2 | 1,539 | $512,000 |
| Median | 2 / 2 | 1,435 | $450,000 |
We can see from this report that the average sales price for a unit recently sold here in Playa Del Sol has been $512,000 – this being for a 2 bedroom 2 bathroom unit.
We can also see from this report that the median sales price for a unit recently sold here in Playa Del Sol has been $450,000 – this being for a 2 bedroom 2 bathroom unit.
In our last post the median sales price for a unit here in Playa Del Sol was much higher at $557,000 – this also being for a 2 bedroom 2 bathroom unit.
Playa Del Sol
Sales Prices by Bedroom
A useful guide is to look to median prices for Playa del Sol Galt Ocean Mile condos sold over the last 6 months by bedroom.
Our market summary report for sales prices for condos sold here in Playa del Sol by bedroom is presented below.
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 / 1 | 1,148 | $342,500 | $302.00 |
| 2 / 2 | 1,821 | $635,000 | $349.00 |
We can see from this report that the median sales prices for:
- 1 Bedroom Playa del Sol Galt Ocean Mile condos sold has been $342,000 – this being for a 1 bedroom 1 bathroom unit of 1148 square feet with a list price to square foot price of $302.00 – In our last post there had been no 1 bedroom units sold over the preceding 6 months- However in our prior post the median sales price for 1 Bedroom Playa del Sol condos sold was much higher at $495,000 – this being for a 1 bedroom 1 bathroom unit of 1153 square feet with a list price to square foot price of $316.00
- 2 Bedroom Playa del Sol Galt Ocean Mile condos sold has been $635,000 – this being for a 2 bedroom 2 bathroom unit of 1821 square feet with a list price to square foot price of $349.00 – In our last post the median for a 2 Bedroom Playa del Sol condos sold was much lower at $557,000 – this being for a smaller 2 bedroom 2 bathroom unit of 1628 square feet with a list price to square foot price of $341.00
- There have been no 3 Bedroom Playa del Sol condos sold over the last 6 months – In the last post when 3 bedroom units had been sold the median for a 3 Bedroom Playa del Sol condos sold was $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 | $232.00 |
| Max | $372.00 |
| Avg | $327.00 |
| Median | $349.00 |
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 $349.00 per square foot – which is up from $341.00 in our last post and $316.00 in our prior post!
It is important to note the highest square foot price paid at $372.00 – which is down from $469.00 as in our last post!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Playa del Sol Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 90% |
| Max | 98% |
| Avg | 96% |
| Median | 97% |
We can see from this report that the median sales price to list price has been 97%
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 97% of that amount or $533,500.
It is very important to note that the median this month is well up from 94% as in our last post!
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Playa del Sol is an important indicator on how strong demand is for condos in this complex..
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 136 |
| Max | 259 |
| Avg | 195 |
| Median | 172 |
We can see from this report that the median days on market at 172 days or just under 6 months
It is important to note that this is down from 214 days as in our last post!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Playa del Sol
Condo Sales Itemized
Here is the data for each of the condos sold over the last 6 months here in Playa del Sol Galt Ocean Mile.
| BEDS / BATHS | LA | SP$ | |
| Unit 701 | 2 / 2 | 2,140 | $790,000 |
| Unit 506 | 2 / 2 | 1,821 | $635,000 |
| Unit 602 | 2 / 2 | 1,435 | $450,000 |
| Unit 714 | 1 / 1 | 1,088 | $405,000 |
| Unit 809 | 1 / 1 | 1,209 | $280,000 |
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 701 a 2 bedroom Playa del Sol condo which sold for $790,000 – This 2 bedroom 2 bathroom 2140 square foot unit had a sales price to square foot price of $369.00!
Unit 701 sold for 89% of list price and had 172 days on the market or just under 6 months!
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 7 condos for sale – a nice mix of 1, 2 and 3 bedroom units.
I am pleased to report that sales have picked up despite the Corona Virus and that we have had 5 sales over the last 6 months and now also have 1 unit pending sale!
I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Playa Del Sol – Kevin Wirth Realtor.