View Plaza South 4280 Galt Ocean Drive Fort Lauderdale condo for sale

Plaza South Condos

Plaza South
Galt Ocean Mile Condos

Welcome to our December 2018 / January 2019 post on Plaza South Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale in Plaza South are set right on the beach here on Galt Ocean Mile.

The Plaza South complex has 336 condo units.

 

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Currently there are 9 x Galt Ocean Mile condos for sale here in Plaza South  – 4 of which are new listings!

There have been 5 sales of condos here in the last 6 months and 2 units are 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 Plaza South – Important information for both buyers and sellers!

Plaza South
Galt Ocean Mile – Key Statistics
Plaza South Condo Association Fort Lauderdale, Florida
Address: 4280 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • 9 Units for Sale from $475,000 – $1,250,000
    – Both 3 Bedroom 2 Bathroom Units

Median Sales Prices

  • Sales Price last 6 Months $500,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $303.00
  • Sales to List Price 95%
  • Days on Market 50 Days
View Plaza South condominium Galt Ocean Mile 4280 Galt Ocean Drive Fort Lauderdale
View Plaza South condominium Galt Ocean Mile 4280 Galt Ocean Drive Fort Lauderdale

Plaza South
Condos for Sale

There are currently 9 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale this is up from the 6 x Plaza South condo for sale as in our last post for October 2018 / November 2018

Our market analysis report for these 9 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1,450 $475,000
Max 3 / 2 2,600 $1,250,000
Avg 2 / 2 1,911 $739,667
Median 2 / 2 1,650 $549,000

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $739,667 – this being for a 2 bedroom 2 bathroom 1911 square foot unit.

We can also see from our report that the median price for a Galt Ocean Mile condo for sale here in Plaza South is $549,000 – this being for a 2 bedroom 2 bathroom 1650 square foot unit.

In our last post the median price for a Galt Ocean Mile condo for sale here in Plaza South was $887,000 – this being for a larger 2 bedroom 2 bathroom 2025 square foot unit.

View Galt Ocean Mile condo just listed for sale Plaza South
View from a 2 bedroom Galt Ocean Mile condo just listed for sale in Plaza South

Plaza South
New Listings

There has been 4 new listings of Plaza South Galt Ocean Mile condos for sale over the last 30 days – all 2 bedroom units.

In our last post for October / November there were also 4 new listings – a mix of 2 and 3 bedroom units!

Our market summary report for these 4 x new listings is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1,450 $475,000
Max 2 / 2 1,650 $549,000
Avg 2 / 2 1,600 $509,500
Median 2 / 2 1,650 $507,000

We can see from this report that the average price for a new listing in Plaza South is $509,500 – this being for a 2 bedroom 2 bathroom unit of 1600 square feet.

We can also see that the median price for a new listing is $507,000this being for a 2 bedroom 2 bathroom unit of 1650 square feet!

It is also important to note the most expensive new listing at $549,000 and the least expensive new listing at $475,000.

Plaza South Condos for Sale
Median Prices by Bedroom

Here is the market analysis report for Plaza South Galt Ocean Mile condos for sale showing median sales prices by Bedroom

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,650 $507,000 $307.00
3 / 2 2,500 $1,200,000 $480.00

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

  • 2 Bedroom Plaza South condos for sale is $507,000 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $307.00
  • 3 Bedroom Plaza South condos for sale is $1,200,000 – this being for a 3 bedroom 2 bathroom unit of 2500 square feet with a list price to square foot price of $480.00

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 Plaza South 4280 Galt Ocean Drive Fort Lauderdale condo recently sold - Unit 6F
View Plaza South 4280 Galt Ocean Drive Fort Lauderdale condo recently sold – Unit 6F

Plaza South Condos
Pending Sales

There are currently 2 x Plaza South Galt Ocean Mile condos pending sale – both 2 bedroom units.

In our last post there 2 x Plaza South condos pending sale – both of these were also 2 bedroom units!

Our Market Analysis report for these 2 units is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1,650 $589,000
Max 2 / 2 1,650 $595,500
Avg 2 / 2 1,650 $592,250
Median 2 / 2 1,650 $592,250

We can see from this report that the median price for a Plaza South condo pending sale is $592,250 – this being for a 2 bedroom 2 bathroom unit of 1600 square feet.

View Plaza South condominium 4280 Galt Ocean Drive
Aerial view Plaza South condominium 4280 Galt Ocean Drive

Plaza South Sales
Last 6 Months

There have been 5 x Plaza South Galt Ocean Mile condos sold over the last 6 months – the same number of sales as in our last post!

The market analysis report for these 5 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 2 1,450 $450,000
Max 3 / 2 2,600 $640,000
Avg 2 / 2 1,800 $523,400
Median 2 / 2 1,650 $500,000

We can see from this report that the average price for a unit sold over the last 6 months has been $523,400 and the median has been $500,000

In our last report for September / October 2018 the average price for a unit sold was $546,200 and the median was $501,000

Both the average and median prices in this and our last report are based on 2 bedroom 2 bathroom units.

Plaza South Condos
Sales Prices by Bedroom

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

BEDS / BATHS LA SP$ SP$/SqFt
1 / 2 1,450 $450,000 $310.00
2 / 2 1,650 $500,000 $303.00
3 / 2 2,600 $640,000 $246.00

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

  • 1 Bedroom Plaza South condo sold is $450,000 – this being based on a 1 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $310.00 – The median is the same as in our last post
  • 2 Bedroom Plaza South condo sold is $500,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $303.00 – this is up from our last post when the median for 2 Bedroom Plaza South condo sold was $490,500 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $297.00
  • 3 Bedroom Plaza South condo sold is $640,000 – this being based on a 3 bedroom 2 bathroom unit of 2600 square feet with a sales price to square foot price of $246.00 – this this is down from our last post when the median for 3 Bedroom Plaza South condo sold was $650,000 – this being based on a 3 bedroom 2 bathroom unit of 2600 square feet with a sales price to square foot price of $250.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Plaza South Galt Ocean Mile over the last 6 months

SP$/SqFt
Min $246.00
Max $329.00
Avg $296.00
Median $303.00

We can see from this report that the median sales price to square foot price paid for a Plaza South condo sold over the last 6 months has been $303.00 per square foot – up from $291,00 in our prior post!

It is also important to note the highest sales price to square foot price paid at $329.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Plaza South 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 86%
Max 97%
Avg 93%
Median 95%

We can see from this report that the median sales price to list price paid over the last 6 months has been 95% – the median is the same as in our last post!

This means if a Fort Lauderdale condo for sale here in Plaza South 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.

Days on Market

Days on market for Plaza South Galt Ocean Mile condos is also an important indicator on how strong demand is for Fort Lauderdale 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
Max 81
Avg 43
Median 50

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 50 days – the same 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.

View Plaza South 4280 Galt Ocean Drive Fort Lauderdale
Aerial view Plaza South 4280 Galt Ocean Drive Fort Lauderdale – taken from Galt Mile

Plaza South
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Plaza South Galt Ocean Mile.

CONDO BEDS / BATHS LA SP$
Unit 6F 3 / 2 2,600 $640,000
Unit 7H 2 / 2 1,650 $542,000
Unit 8B 2 / 2 1,650 $500,000
Unit 3B 2 / 2 1,650 $485,000
Unit 16D 1 / 1 1,450 $450,000

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 6F a 3 bedroom Galt Ocean Mile condo which sold for $640,000 – This 3 bedroom 2 bathroom 2600 unit had a sales price to square foot price of $246.00!

Unit 6F sold for 95% of list price and had 50 days on the market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Plaza South Galt Ocean Mile is a great “direct oceanfront” complex set here on the beach at Galt Mile!

We currently have a really good range of condos for sale – with a nice mix of 2 and 3 bedroom units!

We have also had good “Out of Season” sales over the last 6 months with 5 units sold and another 2 units pending sale!

If your currently looking at Fort Lauderdale direct oceanfront condos for sale – I highly recommend viewing units in this great Galt Ocean Mile complex, 

I hope you have enjoyed reading my post on Plaza South and Plaza South condos for sale – by Kevin Wirth Realtor