Plaza East
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our December 2020 / January 2021 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.
Search Plaza East Condos for Sale
There are currently 8 x Plaza East Galt Ocean Mile condos for sale – a mix of 2 & 3 bedroom units.
There have been 8 sales over the last 6 months and 5 units are 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 $465,000 – $1,249,000
- Median List Price $547,500
– 2 Bedroom 2 Bathroom Unit
Median Sales Prices
- Sales Price last 6 Months $527,500
– 2 Bedroom 2 Bathroom Unit
- Sales Price to Sq Foot Price $321.00
- Median Sales to List Price 95%
- Days on Market 184 Days
Plaza East
Condos for Sale
There are currently 8 x Plaza East Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – this is down from the 11 x Plaza East condos for sale as in our last post September 2020 / October 2020!
Our market analysis for the 8 x Plaza East condos for sale is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 2 / 2 | 1,450 | $465,000 |
| Max | 3 / 2 | 2,400 | $1,249,000 |
| Avg | 2 / 2 | 1,461 | $642,875 |
| Median | 2 / 2 | 1,450 | $547,500 |
We can see from this report that the average price of a Galt Ocean Mile condo for sale here in Plaza East is $642,875 – this being for a 2 bedroom 2 bathroom condo
In our last post the average price of a Galt Ocean Mile condo for sale here in Plaza East was higher at $681,082 – 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 $547,000 – this being for a 2 bedroom 2 bathroom condo
In our last post for the median price of a Galt Ocean Mile condo for sale here in Plaza East was much higher at $635,000 – this being for a 2 bedroom 2 bathroom condo
Plaza East Condos
Prices by Bedroom
Here is the market analysis report for Plaza East condos for sale showing median prices by Bedroom
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 2 / 2 | 1,450 | $527,500 | $348.00 |
| 3 / 2 | 2,215 | $994,500 | $442.00 |
We can see from this report that the median price for:
- There are currently no 1 Bedroom condo units for sale – In our last post the median for 1 Bedroom Plaza East condos for sale was $475,000 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a list price to square foot price of $360.00
- 2 Bedroom condo units for sale is $527,500 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $348.00 – In our last post the median for 2 Bedroom condo units for sale was lower at $499,500 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $317.00
- 3 Bedroom condo unit for sale is $994,500 – this being based on a 3 bedroom 2 bathroom unit of 2215 square feet with a list price to square foot price of $442.00 – In our last post the median for 3 Bedroom condo units for sale was lower at $779,500 – this being based on a 3 bedroom 2 bathroom unit of 2030 square feet with a list price to square foot price of $384.00
Plaza East Condos
New Listings
There has been 1 new listing of a Plaza East Galt Ocean Mile condo for sale over the last 30 days – In our last post there was also 1 new listings over the preceding 30 days – this being Unit 7L a 2 bedroom condo.
Our market analysis report for this new listing is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 5K | 2 / 2 | 1,450 | $465,000 |
We can see from this report that Unit 5K a 2 bedroom Galt Ocean Mile condo has just been listed for sale for $465,000 – this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $321.00
Unit 5K faces southeast and northeast so you have the best of all exposures. ocean views and awesome sunrises and sunsets.
This Galt Ocean Mile features: tile in all the public areas, carpet in the bedrooms. windowed eat in kitchen with separate breakfast area and separate laundry.
The unit has a semi private elevator.
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
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Plaza East Condos
Pending Sales
There are currently 5 x Plaza East Galt Ocean Mile condos under contact and pending sale – up slightly from our last post!
In our last post for September 2020 / October 2020 there were 4 units pending sale.
Our market analysis report for these units is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 19H | 3 / 3 | 2,030 | $799,000 |
| Unit 7L | 2 / 2 | 1,450 | $675,000 |
| Unit 11M | 2 / 2 | 1,450 | $610,000 |
| Unit 4C | 2 / 2 | 1,450 | $450,000 |
| Unit 2M | 2 / 2 | 1,450 | $399,000 |
We can see from this report that:
Plaza East Unit 19H listed for sale for $799,000 in now pending sale – this 3 bedroom 3 bathroom 2030 square foot unit has a list price to square foot price of $394.00
Unit 19H is a tastefully renovated beachfront unit with a wraparound balcony with newly installed clear glass!
This Galt Ocean Mile condo features: impact sliders in the living room and kitchen. floor to ceiling windows with spectacular 180 degree views: East direct ocean, North to the lighthouse and beach coastline and West to city views.
Plaza East Unit 7L listed for sale for $675,000 in now pending sale – this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $466.00
Unit 7L is a remodeled condo with sparkling South East views of the blue Atlantic that greet you upon entering from your semi-private elevator!
This Galt Ocean Mile condo features: Porcelain floors throughout, an ppen kitchen with white Quartz counters and cooking/dining island and custom hardwood cabinetry.
Plaza East Unit 11M listed for sale for $610,000 in now pending sale – this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $421.00
Unit 11M offers spectacular direct ocean views from floor to ceiling windows in your living room!
This Galt Ocean Mile condo features: all Porcelain tile floors, a newer kitchen with Granite and newer appliances, a brand new oven/range and an in unit laundry room.
Plaza East Unit 4C listed for sale for $450,000 in now pending sale – this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $310.00
Unit 4C offers a picturesque view of the ocean and has an open balcony so you can watch the waves while sitting on your chaise lounger!
This Galt Ocean Mile condo unit is very clean and well maintained, has its own garage parking space and a semi-private elevator.
Plaza East Unit 2M listed for sale for $399,000 in now pending sale – this 2 bedroom 2 bathroom 1450 square foot unit has a list price to square foot price of $275.00
Unit 2M is updated and very bright with floor to ceiling windows that maximize the ocean view from every room!
This Galt Ocean Mile condo features: an Eat-in kitchen, a full size washer and dryer and a semi-private elevator.
Recent Sales – Last 6 Months
There have been 8 sales of Galt Ocean Mile condos here in Plaza East over the last 6 months – well up from our last post!
There were just 2 sales over the preceding 6 months as in our prior post for September 2020 / October 2020
The market summary report for these 8 sales is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1,320 | $365,000 |
| Max | 3 / 3 | 2,030 | $815,000 |
| Avg | 2 / 2 | 1,772 | $555,313 |
| Median | 2 / 2 | 2,030 | $527,500 |
We can also see from this report that the average sales price for a Plaza East condo sold over the last 6 months has been $555,313 – this being for a 2 bedroom 2 bathroom unit of 1772 square feet
We can also see from this report that the median sales price for a Plaza East condo sold over the last 6 months has been $527,500 – this also being for a 2 bedroom 2 bathroom unit of 1740 square feet
Plaza East Condos
Sales Prices by Bedroom
Here is the market analysis report for Plaza East Galt Ocean Mile condos sold over the last 6 months showing median sales prices by Bedroom
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 /. 1 | 1,320 | $402,500 | $277.00 |
| 2 / 2 | 1,450 | $512,500 | $353.00 |
| 3 / 2 | 2,030 | $633,750 | $366.00 |
We can see from this report that the median sales price for:
- 1 Bedroom Plaza East condos sold is $402,500 – this being based on a 1 bedroom 1 bathroom unit of 1320 square feet with a sales price to square foot price of $277.00 – There had been no 1 Bedroom Plaza East condos sold over the last 6 months (based on MLS data) – However in the last post when 1 bedroom units were sold the median for 1 bedroom condo units sold was higher at $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 $512,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $353.00 – In our last post the median for 2 bedroom condo units sold was lower at $460,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $317.00
- 3 Bedroom Plaza East condos sold is $633,750 – this being for a 3 bedroom 2 bathroom 2030 square foot unit with a sales price to square foot price of $366.00 – In our last post the median for 3 bedroom condo units sold was higher at $705,000 – this being for a 3 bedroom 2 bathroom 2030 square foot unit with a sales price to square foot price of $347.00
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Plaza East Galt Ocean Mile condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $277.00 |
| Max | $401.00 |
| Avg | $330.00 |
| Median | $321.00 |
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 $321.00 per square foot
It is important to note the highest price paid at $401.00 per square foot!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Plaza East Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 84% |
| Max | 99% |
| Avg | 94% |
| Median | 95% |
We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Plaza East has been 95% – this is the same as in our last post!
This means if a Fort Lauderdale condo for sale here in Plaza East is listed at $600,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $570,000 – based on MLS Data!
Days on Market
Days on market for Plaza East Galt Ocean Mile condos for sale is an important indicator on how strong demand is for condos for sale in this complex.
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 7 |
| Max | 524 |
| Avg | 202 |
| Median | 184 |
We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Plaza East has been 184 days on market or just over 6 months
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Plaza East
Condo Sales Itemized
Here is the data for each of the Plaza East Galt Ocean Mile condos sold over the last 6 months
| BEDS / BATHS | LA | SP$ | |
| Unit 17P | 3 / 2 | 2,030 | $815,000 |
| Unit 18A | 3 / 2 | 2,030 | $705,000 |
| Unit 12H | 3 / 3 | 2,030 | $562,500 |
| Unit 7H | 3 / 2 | 1,450 | $530,000 |
| Unit 18B | 2 / 2 | 1,450 | $525,000 |
| Unit 19K | 2 / 2 | 1,450 | $500,000 |
| Unit 14F | 1 / 1 | 1,320 | $440,000 |
| Unit 16F | 1 / 1 | 1,320 | $365,000 |
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 17P a 3 bedroom condo which sold for $815,000
Unit 17P sold for 99% of its list price and had just 7 days on market!
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 very nice range of condos for sale here in Plaza East with 8 units for sale – a nice mix of 2 and 3 bedroom units.
I am that buyer activity continues to pick up – with 8 units sold over the last 6 months and 5 units pending sale!
Buyer Activity and Sales had been very slow in the early part of the year due in large part of the Corona Virus!
I hope you have enjoyed reading my post on Fort Lauderdale condos for sale here in Plaza East – Kevin Wirth PA Realtor