View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East Condos

Plaza East
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our March 2020 / April 2020 pricing guide for Plaza East Galt Ocean Mile condos for sale 4300 N Ocean Blvd Fort Lauderdale Florida.

Fort Lauderdale condos for sale here in Plaza East are “direct” oceanfront units set right on the beach.  

Plaza East has 266 condos set right on the sand/beachfront here in Galt Ocean Mile.  The complex itself is actually located on Ocean Blvd and sits at the very North End of all of the Galt Ocean Mile Condominiums.

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There are currently 15 x Plaza East Galt Ocean Mile condos for sale – a mix of 1,2 & 3 bedroom units.

There have been 5 sales over the last 6 months and 1 unit is 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 Plaza East – Important information for both buyers and sellers!

Plaza East
Galt Ocean Mile – Key Statistics 

Plaza East Condo Association
Address: 4300 N Ocean Blvd, Fort Lauderdale, FL 33308

  • Prices from $399,900 – $1,249,000
  • Median List Price $625,000
    – 2 Bedroom 2 Bathroom Unit


Median Sales Prices

  • Sales Price last 6 Months $585,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $585.00
  • Median Sales to List Price 97%
  • Days on Market 81 Days
Aerial view Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale Florida
Aerial view Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East
Condos for Sale

There are currently 15 x Plaza East Galt Ocean Mile condos for sale here in Fort Lauderdale Florida 

In our last post on Plaza East Galt Ocean Mile condos for sale for January 2020 / February 2020 there were also 15 condos for sale.

Our market analysis for the 15 x Plaza East condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,320 $399,900
Max 3 / 3 2,030 $1,249,000
Avg 2 / 2 1,678 $648,507
Median 2 / 2 1,450 $625,000

We can see from this report that the average price of a Galt Ocean Mile condo for sale here in Plaza East is $648,507 – this being for a 2 bedroom 2 bathroom condo

We can also see from this report that the median price of a Galt Ocean Mile condo for sale here in Plaza East is $625,000 – this being for a 2 bedroom 2 bathroom condo – The median price is up from our last 2 posts!

In our last post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was $579,900 – this also being for a 2 bedroom 2 bathroom condo

In our prior post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was $570,000 – this also being for a 2 bedroom 2 bathroom condo

Ocean view Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale
Ocean view Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East Condos
Prices by Bedroom

Here is the market analysis report for Plaza East condos for sale showing median prices by Bedroom

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,320 $399,900 $303.00
2 / 2 1,450 $537,450 $356.00
3 / 2 2,030 $759,500 $391.00

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

  • 1 Bedroom condo units for sale is $399,900 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a list price to square foot price of $303.00 – In our last post the median for 1 Bedroom Plaza East condos for sale was higher at $414,900 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a list price to square foot price of $314.00
  • 2 Bedroom condo units for sale is $537,450 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $356.00 – In our last post the median for 2 Bedroom condo units for sale was higher at $555,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $367.00
  • 3 Bedroom condo unit for sale is $759,500 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a list price to square foot price of $391.00 – In our last post the median for 3 Bedroom condo units for sale was higher at $799,000 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a list price to square foot price of $394.00

Plaza East Condos
New Listings

There has been no new listing of a Plaza East Galt Ocean Mile condos for sale over the last 30 days – In our last post there were 3 new listings over the preceding 30 days!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337

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View Galt Ocean Mile New Listings

Ocean view Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd Fort Lauderdale pending sale - Unit 8C
View Galt Ocean Mile condominium Plaza East 4300 N Ocean Blvd pending sale – Unit 8C

Plaza East Condos
Pending Sales

There is currently just 1 x Plaza East Galt Ocean Mile condo under contact and pending sale – In our last posts there were no unit under contract and pending sale.

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 8C 2 / 2 1,450 $579,900

We can see from this report that Unit 8C a 2 bedroom Plaza East condo listed for sale for $579,900 is now pending sale this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $400.00

Unit 8C offers water views from every main room!

This Galt Ocean Mile condo for sale features: a remodeled kitchen, tons of closets and a semi private elevator.

View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale recently sold Penthouse B
View Galt Ocean Mile condo Plaza East 4300 N Ocean Blvd Fort Lauderdale recently sold PH B

Recent Sales – Last 6 Months

There have been 5 sales of Galt Ocean Mile condos here in Plaza East over the last 6 months – all of which have been for 2 bedroom units!

There were 6 sales over the preceding 6 months as in our last post for January 2020 / February 2020 – all of these were also for 2 bedroom units too!

The market summary report for these 5 sales is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,320 $530,000
Max 2 / 2 1,493 $782,500
Avg 2 / 2 1,428 $611,300
Median 2 / 2 1,450 $585,000

We can see from this report that the average sales price for a Plaza East condo sold over the last 6 months has  been $611,300 – this being for a 2 bedroom 2 bathroom unit of 1428 square feet!

We can also see that the median sales price for a Plaza East condo sold over the last 6 months has  been $585,000this being for a 2 bedroom 2 bathroom unit of 1450 square feet – the median is up from our last post!

In our last post the median sales price for a Plaza East condo sold over the preceding 6 months was lower at $545,000 – this being for a 2 bedroom 2 bathroom unit of 1450 square feet

Plaza East Condos
Sales Prices by Bedroom

Here is the market analysis report for Plaza East Galt Ocean Mile condos sold over the last 6 months showing median sales prices by Bedroom

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1,450 $585,000 $402.00

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

  • There have been no 1 Bedroom Plaza East condos sold over the last 6 months (based on MLS data) In the last post when 1 bedroom units were sold the median for 1 bedroom condo units sold was $415,000 – this being based on a 1 bedroom 1 bathroom unit of 1500 square feet with a sales price to square foot price of $277.00
  • 2 Bedroom Plaza East condos sold is $585,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $402.00 – In our last post the median for 2 bedroom condo units sold was lower at $545,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $402.00
  • There have been no 3 Bedroom Plaza East condos sold over the last 6 months (based on MLS data) In the last post when 3 bedroom units were sold the median for 3 bedroom condo units sold was $766,979 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a sales price to square foot price of $376.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Plaza East Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $366.00
Max $540.00
Avg $399.00
Median $402.00

We can see from this report that the median sales price to square foot price paid for a Plaza East condo sold over the last 6 months has been $402.00 per square foot – this is the same as in our last post!

It is important to note the highest price paid at $540.00 – up from $424.00 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 Plaza East 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 93%
Max 100%
Avg 96%
Median 97%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Plaza East  has been 97% – this is well up from 94% as in our last post!

This means if a Fort Lauderdale condo for sale here in Plaza East 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 – based on MLS Data!

Days on Market

Days on market for Plaza East Galt Ocean Mile condos for sale is an important indicator on how strong demand is for 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 15
Max 572
Avg 207
Median 81

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Plaza East has been 81 days oon market or just under 3 months – this is down from 146 days in our last post and 226 days as in our prior post!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Beach views Plaza East 4300 N Ocean Blvd Fort Lauderdale
Look at these great beach views from Plaza East 4300 N Ocean Blvd Fort Lauderdale

Plaza East
Condo Sales Itemized

Here is the data for each of the Plaza East Galt Ocean Mile condos sold over the last 6 months

BEDS / BATHS LA SP$
Penthouse B 2 / 2 1,450 $782,500
Unit 7J 2 / 2 1,493 $599,000
Unit 20M 2 / 2 1,450 $585,000
Unit 18F 2 / 2 1,320 $560,000
Unit 10K 2 / 2 1,450 $530,000

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 Penthouse B a 2 bedroom condo which sold for $782,500

Penthouse B is a 2 bedroom 2 bathroom 1450 square foot unit and it sold for $540.00 per square foot.

Penthouse B sold for 98% of its list price and had just 15 days on market or just over 2 weeks!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Plaza East Galt Ocean Mile condos are units in a great direct oceanfront condominium here on the famous Galt Ocean Mile.

Currently we have a really good range of condos for sale here in Plaza East with 15 units for sale – including 1, 2 and 3 bedroom units.

Sales have been slow however with just 1 unit pending sale and 5 units sold over the last 6 months!

I hope you have enjoyed reading my post on Fort Lauderdale condos for sale here in Plaza East  – Kevin Wirth Realtor-+