View of Plaza East Fort Lauderdale FL

Plaza East Condos Fort Lauderdale

Plaza East Condos Galt Ocean Mile
June / July 2014

Plaza East is a direct oceanfront condominium of 266 units set right on the beach here in Galt Ocean Mile.

The complex itself is actually located on Ocean Blvd and sits at the very North End of Galt Ocean Mile.

In this post we review units for sale, sales prices, prices by bedroom, recent sales and sales prices.

Plaza East Condos Fort Lauderdale for Sale

Here is the market analysis report for the 10 x Plaza East Condos Fort Lauderdale that are currently for sale.

Pricing #Beds #FBaths SF/FF List Price LP$/SqFt
High 5 5 4,050 $1,499,000 $424
Low 1 1 1,320 $379,000 $233
Average 2 2 2,162 $670,390 $326
Median 2 2 1,650 $563,500 $314

 

We can see from this report that the average price of a Galt Ocean Mile condo for sale here in Plaza East is $670,390 and the median price is $563,500

The median price of $563,500 is up from our last report when the median wa $497,000.

Both the average and the median prices for this and our last report are based on 2 bedroom 2 bathroom oceanfront condos.

View of the pool from a Condo in Plaza East Fort Lauderdale

 

Plaza East Fort Lauderdale New Condo Listings

There have been no new listings here in Plaza East.

Plaza East Pending Sales

There are currently 2 condos pending sale here in Plaza East.

The market analysis report for these units is presented below.

Condo #Beds #FBaths SF/FF ListPrice LP$/SqFt
Unit 9N 2 2 1,650 $499,000 $302
Unit2L 2 2 1,450 $349,000 $241
Average 2 2 1,550 $424,000 $272
Median 2 2 1,550 $424,000 $272

 

We can see from this report that the median price for a listing pending sale is $424,000  – this being for a 2/2 unit of 1550 square feet.

Important to note the list price to square foot price at $272.00

Plaza East Fort Lauderdale
Recent Sales

I always find it useful to review the most recent sales data for any Galt Ocean Mile building – recent sales data gives good insight into prices and sales activity in a building. 

I present and discuss below recent sales and sales over the last 12 months.

Recent Sales – Last 90 Days

There have been 4 recent sales of condos here in Plaza East over the last 90 days.

The market analysis report for these sales is presented below.

Condo #Beds #FBaths SF/FF SalePrice SP$/SqFt SP$/LP$ DoM
Unit19H 3 3 2,400 $662,800 $284 94.82 271
Unit20M 2 2 1,650 $455,000 $284 91.21 271
Unit10L 2 2 1,600 $415,000 $252 91.18 32
Unit14B 2 2 1,600 $415,000 $252 91.18 13
Average 2 2 1,825 $487,200 $266 92.41 94
Median 2 2 1,650 $435,500 $264 91.83 47

 

We can see from this report the sales data for both the units sold.

Recent Sales – Last 12 Months

There have been 18 recent sales of condos here in Plaza East over the last 12 months.

The market analysis report for these sales is presented below.

Pricing #Beds #FBaths SF/FF SalePrice SP$/SqFt SP$/LP$ DoM
High 3 3 2,400 $662,800 $284 97.26 333
Low 1 1 1,450 $220,000 $147 0 9
Average 2 2 1,671 $379,543 $222 85.46 109
Median 2 2 1,600 $352,500 $226 91.68 91

 

We can see from this report that the average sales price has been $379,543 and the median sales price has been $352,500 – which is the same median price as in our last report

We can see from this report that both the average and median prices are based on 2/2 units of between 1600 and 1671 square feet with a sales price to square foot price of between $222.00 – $226.00

Recent Sales – Last 12 Months
Median Pricing By Bedroom

The market analysis report for sales by bedroom  over the last 12 months for Plaza East is presented below.

#Beds #FBaths SF/FF SalePrice SP$/SqFt SP$/LP$ DoM
1 1 1,500 $280,000 $187 82.49 97
2 2 1,600 $370,000 $238 92.3 91
3 2.5 2,400 $596,400 $249 95.68 88

 

We can see from this report that the median sales price for a 1 bedroom unit has been $280,000, for a 2 bedroom unit $370,000 and for a 3 bedroom unit $596,400.

Important to note are the sales price to square foot prices which range from $187.00 for a 1 bedroom unit to $249.00 for a 3 bedroom unit – these prices give us a good guide or basis for comparing units for sale and those pending sale.

I hope you have enjoyed reading my post on Plaza East Condos Fort Lauderdale – Kevin Wirth Realtor