View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale

Plaza South Condos

Plaza South
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our May 2020 / June 2020 pricing guide for Plaza South Galt Ocean Mile condos for sale 4280 Galt Ocean Drive Fort Lauderdale Florida.

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 just 4 x Galt Ocean Mile condos for sale here in Plaza South Fort Lauderdale 

There have been 8 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 – 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

  • 4 Units for Sale from $478,900 – $785,000
  • Median List Price $511,750
    – 1 Bedroom 1 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $585,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $321.00
  • Sales to List Price 96%
  • Days on Market 110 Days
View Galt Ocean Mile condominium Plaza South 4280 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Plaza South 4280 Galt Ocean Drive Fort Lauderdale

Plaza South
Condos for Sale

There are currently 4 x Plaza South Galt Ocean Mile “direct oceanfront” condo for sale this is the same number of Plaza South condos for sale as in our last post for March 2020 / April 2020

Our market analysis report for these 4 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,450 $478,900
Max 2 / 2 1,650 $529,900
Avg 1 / 2 1,500 $508,075
Median 1 / 1 1,450 $511,750

We can see from our report that average price for a Galt Ocean Mile condo for sale here in Plaza South is $508,075 – this being for a 1 bedroom 2 bathroom 1500 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 $511,750 – this being for a 1 bedroom 1 bathroom 1450 square foot unit

It is important to note that the median list price for Plaza South condos for is down from our last 2 posts!

In our last post the median price for a Galt Ocean Mile condo for sale here in Plaza South $599,950 – this being for a 2 bedroom 2 bathroom 1650 square foot unit

In our prior post the median price for a Galt Ocean Mile condo for sale here in Plaza South $534,450 – this being for a 2 bedroom 2 bathroom 1550 square foot unit

Plaza South
New Listings

There has been no new listings of Plaza South Galt Ocean Mile condos for sale over the last 30 days – In our last post there was 1 new listings – this being Unit 15B a 2 bedroom unit!

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
1 / 1 1,450 $499,000 $344.00
2 / 2 1,650 $529,900 $321.00

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

  • 1 Bedroom Plaza South condos for sale is $499,000 – this being for a 1 bedroom 1 bathroom unit of 1450 square feet with a list price to square foot price of $344.00 – In our last post the median for 1 Bedroom Plaza South condos for sale was lower at $478,900 – this being for a 1 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $330.00
  • 2 Bedroom Plaza South condos for sale is $529,900 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $321.00 – In our last post the median for 2 Bedroom Plaza South condos for sale was higher at $599,950 – this being for a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $364.00
  • There are currently no 3 Bedroom Plaza South condos for sale In our last post the median for 3 Bedroom Plaza South condos for sale was $995,000 – this being for a 3 bedroom 2 bathroom unit of 2500 square feet with a list price to square foot price of $398.00

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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Plaza South Condos
Pending Sales

There are currently no Plaza South Galt Ocean Mile condos under contract and pending sale – This is down from our last post when there was 1 x Plaza South condo pending sale – this being unit 18 a 2 bedroom 2 bathroom condo!

Plaza South Sales
Last 6 Months

There have been 8 x Plaza South Galt Ocean Mile condos sold over the last 6 months  – This is the same number of Plaza South condos sold over the preceding 6 months as in our last post for March 2020 / April 2020!

The market analysis report for these 8 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1,450 $375,000
Max 3 / 3 2,400 $785,000
Avg 2 / 2 1,836 $601,875
Median 2 / 2 1,650 $585,000

We can see from this report that the average price for a unit sold over the last 6 months has been $601,875 – this being for a 2 bedroom 2 bathroom unit

We can also see that the median has been $585,000 – this being for a 2 bedroom 2 bathroom unit – up from our last 2 posts!

In our last post the median price was much lower at $555,000 – this being for a 2 bedroom 2 bathroom unit

In our prior post the median price was much lower at $480,000 – this also being for a 2 bedroom 2 bathroom unit

View 2 Bedroom Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale recently sold Unit 18L
2 Bedroom Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive recently sold Unit 18L

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 / 1 1,450 $375,000 $259.00
2 / 2 1,650 $555,000 $336.00
3 / 2 2,400 $770,000 $313.00

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

  • 1 Bedroom Plaza South condo sold is $375,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $259.00 – In our last post the median for 1 Bedroom Plaza South condos sold over the preceding 6 months was the same at $375,000 – this being based on a 2 bedroom 2 bathroom unit of 1450 square feet with a sales price to square foot price of $259.00
  • 2 Bedroom Plaza South condo sold is $555,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $336.00 – In our last post the median for 2 Bedroom Plaza South condo sold over the preceding 6 months was lower at $505,000 – this being based on a 2 bedroom 2 bathroom unit of 1650 square feet with a sales price to square foot price of $306.00
  • 3 Bedroom Plaza South condo sold is $770,000 – this being based on a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $313.00 – In our last post the median for 3 Bedroom Plaza South condo sold over the preceding 6 months was the same at $770,000 – this being based on a 3 bedroom 2 bathroom unit of 2400 square feet with a sales price to square foot price of $313.00

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 $259.00
Max $358.00
Avg $314.00
Median $321.00

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 $298.00 per square foot – up from $298.00 in our last post and $291.00 as in our prior post! 

It is also important to note the highest sales price to square foot price paid at $358.00!

% 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 90%
Max 99%
Avg 95%
Median 96%

We can see from this report that the median sales price to list price paid over the last 6 months has been 96% – the median is up from 94% 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 96% of that amount or $576,000.

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 6
Max 257
Avg 114
Median 110

We can see from this report that median days on market for a Fort Lauderdale condo for Sale in Plaza South is 110 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 Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive Fort Lauderdale recently sold Unit 23A
View Galt Ocean Mile condo Plaza South 4280 Galt Ocean Drive recently sold Unit 23A

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.

BEDS / BATHS LA SP$
Unit 23A 3 / 3 2,400 $785,000
Unit 20A 3 / 2 2,400 $770,000
Unit 10A 3 / 2 2,400 $715,000
Unit 18L 2 / 2 1,650 $590,000
Unit 5M 2 / 2 1,650 $580,000
Unit 10J 2 / 2 1,650 $530,000
Unit 15B 2 / 2 1,650 $470,000
Unit 19D 1 / 1 1,450 $375,000

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 23A a 3 bedroom Galt Ocean Mile condo which sold for $785,000 – This 3 bedroom 3 bathroom 2400 unit had a sales price to square foot price of $327.00!

Unit 23A sold for 98% of list price and had 110 days on the market or just under 4 months!

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 limited range of condos for sale – with just 4 units on offer. 

Sales have been very strong over the last 6 months with 8 units sold!

Buyer activity over the last few months has slowed right down however due to the Corona Virus!

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