Beach views here in Galt Ocean Mile from a condo here in Plaza South

Plaza South Condos

Plaza South Condos
Fort Lauderdale

Search Plaza South Condos for Sale

Fort Lauderdale condos for sale in Plaza South are set right on the beach here on Galt Ocean Mile – the complex has 336 condo units.

Currently there are 6 condos for sale here in Plaza South – of which 2 are new listings!

There have been 6 sales of condos here in the last 6 months.

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 to 2014 sales. Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Units for Sale $465,000 – $949,999
  • Median list price $527,500
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $472,500
     – 2 Bedroom 2 Bathroom Unit
  • Sales to List Price 95%
  • Days on Market 15 Days – very fast!
View from a Fort Lauderdale oceanfront condo for sale here in Plaza South
View from a oceanfront condo for sale here in Plaza South

Plaza South
Condos for Sale

There are currently 6 x Fort Lauderdale condos for sale here in Plaza South – up from 5 in our last post!

 $$ Beds/Baths SF/FF List Price
High 3 / 3 2,600 $949,999
Low 2 / 2 1,650 $465,000
Avg 2 / 2 1,831 $587,483
Med 2 / 2 1,650 $527,500


We can see from our report that the median price for a condo for sale here in Plaza South is $527,500
this being for a 2 bedroom 2 bathroom unit of 1650 square foot.

The median is up slightly from our last post when median price for a condo for sale was $525,000 – this also being for a 2 bedroom 2 bathroom unit of 1650 square foot.

Important to note is the average and median list price to square foot prices at $317.00 and $318.00 respectively – I discuss the important of these numbers below.

View of Galt Ocean Mile condos including Plaza South
View of Galt Ocean Mile condos including Plaza South

Plaza South
Prices by Bedroom

Here is our market summary report showing the median prices for condos currently for sale here in Plaza South by Bedroom.

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,650 $525,000 $318
3 / 3 2,600 $949,999 $365

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

  • 2 bedroom units is $525,000this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $318.00
  • the 1 x 3 bedroom unit for sale is $949,999this being for a 3 bedroom 3 bathroom unit of 2600 square feet with a list price to square foot price of $365.00
View from a condo just listed for sale in Plaza South
View from a condo just listed for sale in Plaza South

Plaza South
New Listings

There have been 2 new listings for Galt Ocean Mile condos for sale here in Plaza South over the last 30 days – both the new listings are for 2 bedroom units!

The market analysis report for these new listings is presented below

 Condo Beds/Baths SF/FF List Price
Unit15E 2 / 2 1,790 $530,000
Unit21K 2 / 2 1,650 $524,900
Median 2 / 2 1,720 $527,450


We can see from this report that the median price for a new listing is $527,450
 – this being for a 1720 sq ft 2 bedroom 2 bathroom unit.

Notes on these units

Plaza South Condo Unit 15 E

This is breathtaking, spacious 2 bedroom 2 bathroom condo unit with views of Intracoastal and the city located on Galt Ocean Mile! The unit features include: a large foyer entry with semi-private elevators, upgraded kitchen with granite tops, bathrooms, shades, crown molding, large walk-in closet and separate laundry room with cabinets.

Plaza South Condo Unit 21 K

This condo offers outstanding and panoramic direct ocean views.   The unit is a beautiful 2 bedrooms and 2 bathrooms condo with title and carpet floors and crown molding.  The kitchen has granite counters, shades and curtains.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

 

View from a condo recently sold here in Plaza South
View from a condo recently sold here in Plaza South

Plaza South Condos
Pending Sales

There is currently no units pending sale here in Plaza South

Plaza South Sales
Last 6 Months

There has been 6 sales of Fort Lauderdale condos here in Plaza South in the last 6 months.

This is the same number of units sold over the preceding 6 months as per our last report for July / August 2015.

The market analysis report for these units is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 2,600 $700,000
Low 1 / 1 1,450 $240,000
Avg 2 / 2 1,990 $486,667
Med 2 / 2 1,650 $472,500


We can see from this report that the average price for a unit sold over the last 6 months has been $486,667 and the median has been $472,500

Note the median is up over $30,000 or nearly 8% from our earlier post for June / July 2015!

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

Square Foot Prices
Condos Sold

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

 $$ SP$/SqFt
High $294
Low $166
Avg $246
Med $269


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 $269.00 per sq ft – the same as in our last post!

Important to note is the highest price paid at $294.00

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Plaza South – 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$/LP$
Avg 94%
Med 95%


We can see from this report that the average sales price to list price paid over the last 6 months has been 94%

Important to note is the median sales price to list price at 95% – down from 96% in our last post!

This means if a Fort Lauderdale condo for sale here in Plaza South is listed at $400,000 – then based on median sales data the condo would sell for 95% of that amount or $380,000.

Days on Market

Days on market for Condos for Sale in Plaza South is 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.

 $$ Days on Market
Avg 31
Med 15

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Plaza South is 31 days

More importantly is the median days on market at just 15 days – down from 45 days in our last post!

15 days is very fast and reflects strong demand for Fort Lauderdale condos for sale in this complex!

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

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Plaza South is a great complex here on Galt Ocean Mile.

Important to note is the median sales price to square foot price over the last 6 months at between $268.00 – $269.00 

These lower prices are reflective of units being sold that were in need of some TLC or updating!

For all of 2014 the median sales price was a much healthier $302.00 – see the report below.

 $$ SP$/SqFt
Avg $277
Med $302

 

As I outlined in my earlier posts I predict that this “gap” of approx $33.00 per square foot between all of 2014 and sales over the last 6 months will soon disappear as new “more updated” listings come on stream. 

We can actually see that this is happening if we look to the the average and median list price to square foot price for all condos for sale here in Plaza South at $317.00 to $318.00.

Based on a 95% sales price to list price that will likely place future sales prices to square foot prices back over $300.00! 

I hope you have enjoyed reading my post on Fort Lauderdale Condos for Sale in Plaza South – by Kevin Wirth Realtor