View The Commodore 3430 Galt Ocean Drive Fort Lauderdale condo for sale

Commodore Condos

The Commodore
Galt Ocean Mile Condos

Welcome to our April / May 2018 post on The Commodore Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in The Commodore offer direct oceanfront units set right on the beach here on the famous Galt Ocean Mile.

 

Search Commodore Condos for Sale

 

There are currently 10 condo units for sale in Commodore – 2 of which are new listings!

4 units have been sold over the last 6 months (all 1 bedroom units) – and 1 unit is pending sale (a 2 bedroom unit) 

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 Commodore – Important information for both buyers and sellers!

The Commodore
Galt Ocean Mile – Key Statistics
Commodore Condominium Fort Lauderdale, Florida
Address: 3430 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $299,900 – $590,000
  • Median list price $549,950
    2 bedroom 2 bathroom unit

Median Sales Prices

  • Median Sales Price $317,500
    – 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $288.00
  • Median Sales to List Price 94%
  • Days on Market 94 Days
View The Commodore 3430 Galt Ocean Drive Fort Lauderdale Florida
View The Commodore 3430 Galt Ocean Drive Fort Lauderdale Florida

The Commodore
Galt Ocean Mile Condos

The following market report is for the 10 x Commodore Galt Ocean Mile condos for sale here in Fort Lauderdale,

The number of condos currently for sale is well up from 5 as in our last post on The Commodore for February / March 2018

Our market analysis report for these 10 condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1088 $299,900
Max 2 / 2 1800 $590,000
Avg 2 / 2 1544 $501,270
Median 2 / 2 1625 $549,950

We can see from this market report that the average price for a direct oceanfront condo for sale here in The Commodore is $501,270 – this being for a 2 bedroom 2 bathroom 1544 square foot unit with a list price to square foot price of $322.00

We can also see that the median price for a Commodore condo for sale is $549,950 – this being for a 2 bedroom 2 bathroom 1625 square foot unit with a list price to square foot price of $335.00 – the median price is down from our last post!

In our last prior for February / March 2018 the median price for a Commodore condo for sale was $575,000 – this being for a 2 bedroom 2 bathroom 1635 square foot unit with a list price to square foot price of $328.00

Note: The lowest priced unit for sale is offered for sale $299,900 – this being for a 1 bedroom 1 bathroom unit of 1,088 square feet!

The highest priced unit for sale is offered for sale $590,000 – this being for a 2 bedroom 2 bathroom unit of 1,800 square feet!

Pool views Commodore Galt Ocean Mile condos for sale
Pool views Commodore Galt Ocean Mile condos for sale

The Commodore
Condos Pricing Guide

Here are the median prices for The Commodore Galt Ocean Mile condos for sale here on Galt Ocean Mile in Fort Lauderdale.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1100 $314,950 $287.00
2 / 2 1633 $550,000 $338.00

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

  • 1 Bedroom condos for sale in The Commodore for sale is $314,950this being for a 1 bedroom 1 bathroom unit of 1100 square feet with a list price to square foot price of $287.00 – In our last post the median for 1 Bedroom units for sale was higher at $349,000 – this being for a 1 bedroom 1 bathroom unit of 1109 square feet with a list price to square foot price of $315.00
  • 2 Bedroom condos for sale in The Commodore for sale is $550,000 – this being for a 2 bedroom 2 bathroom unit of 1633 square feet with a list price to square foot price of $338.00 – In our last post the median for a 2 Bedroom units for sale was higher at $582,500 – this being for a 2 bedroom 2 bathroom unit of 1700 square feet with a list price to square foot price of $340.00
View Galt Ocean Mile condo just listed for sale The Commodore - Unit 208
View Galt Ocean Mile condo just listed for sale The Commodore – Unit 208

The Commodore
New Condo Listings

There have been 2 new listings of The Commodore Galt Ocean Mile condos for sale in the last 30 days – In our last post there were no new listings!

Our market analysis report for these 2 new listings is presented below:

BEDS / BATHS LA LP$
Unit 208 2 / 2 1540 $550,000
Unit 303 1 / 1 1112 $299,900

We can see from this report that:

The Commodore unit 208 a 2 bedroom condo has just been listed for sale for $550,000 this 2 bedroom 2 bathroom 1540 square foot unit has a list price to square foot price of $357.00

This Galt Ocean Mile condo for sale has a huge balcony area with pool and ocean views.  The unit features: beautiful neutral tile floors in the main living area, a large eat-in kitchen with separate laundry area, impact windows and an oversize master bedroom features en-suite bathroom, dressing area and 2 large closets.

The Commodore unit 303 a 1 bedroom condo has just been listed for sale for $299,900 this 1 bedroom 1 bathroom 1112 square foot unit has a list price to square foot price of $270.00

This Galt Ocean Mile condo for sale is a handy man special!  The unit has gorgeous ocean views and features: high impact floor-to-ceiling windows and door in the living room and a large balcony!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

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

View Galt Ocean Mile condo pending sale The Commodore - Unit 606
View Galt Ocean Mile condo pending sale The Commodore Fort Lauderdale – Unit 606

The Commodore
Pending Sales

There is currently just 1 condo pending sale in The Commodore Galt Ocean Mile – In our last post there were 2 condo units pending sale – both of these were 1 bedroom units.

Our market analysis report for this unit is presented below

BEDS / BATHS LA LP$
Unit 606 2 / 2 1949 $650,000

We can see from this report that The Commodore Unit 606 a 2 bedroom Galt Ocean Mile condo listed for sale for $650,000 is now pending salethis 2 bedroom 2 bathroom 1949 square foot unit has a list price to square foot price of $334.00

Unit 606 is a true direct oceanfront NE corner point unit. The condo features floor-to-ceiling windows in the living room with a massive wrap around balcony. This is a rare stack and the unit can be converted into a 3 bedroom condo!

View Galt Ocean Mile condo recently sold The Commodore Fort Lauderdale - Unit 1705
View Galt Ocean Mile condo recently sold The Commodore Fort Lauderdale – Unit 1705

The Commodore
Sales Last 6 Months

There have been 4 x The Commodore Galt Ocean Mile condos sold over the last 6 months – all of which have been for 1 bedroom units!

This is well up from our last 2 posts when there had been just 2 units sold over each of the preceding six month periods!

The market analysis report for these 4 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1088 $285,000
Max 1 / 1 1109 $345,000
Avg 1 / 1 1101 $316,250
Median 1 / 1 1104 $317,500

We can see from this report that the median price for a Fort Lauderdale condo sold here in the Commodore over the last 6 months has been$317,500 – this being for a 1 bedroom 1 bathroom unit!

This is up from our last post for February / March 2018 when the median price for a condo sold here in the Commodore over the last 6 months was $307,500 – this also being for a 1 bedroom 1 bathroom unit!

Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in The Commodore over the last 6 months.

SP$/SqFt
Min $262.00
Max $311.00
Avg $287.00
Median $288.00

We can see from this report that the median sales price to square foot price paid for one of The Commodore Galt Ocean Mile condos sold over the last 6 months has been $288.00 per square foot – this is up from $281.00 per square foot as in our last post!

Note: the highest sales price to square foot price was $311.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for The Commodore 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 92%
Max 96%
Avg 94%
Median 94%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in The Commodore  has been 94% – the same as in our last post!

This means if a Fort Lauderdale condo for sale here in The Commodore is listed at $450,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $423,000.

Days on Market

Days on market for The Commodore Galt Ocean Mile condos 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.

DOM
Min 29
Max 282
Avg 125
Median 94

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Commodore is 94 days or just over 3 months – this is well down from our last 2 posts!

In our last post for February / March 2018 the median days on market was 214 days or just over 7 months!

In our last post for December 2017 / January 2018 the median days on market was 188 days 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.

The Commodore
Condo Sales Itemized

Here is the data for the 4 condos sold over the last 6 months here in The Commodore Galt Ocean Mile

BEDS / BATHS LA SP$
Unit 405 1 / 1 1109 $345,000
Unit 1203 1 / 1 1100 $330,000
Unit 1705 1 / 1 1109 $305,000
Unit 1704 1 / 1 1088 $285,000

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 405 a 1 bedroom unit which sold for $345,000

This 1 bedroom 1 bathroom 1109 square foot condo had a sales price to square foot price of $311.00

Unit 405 had 42 days on market and sold for 95% of its list price.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

The Commodore Galt Ocean Mile condos are unit in a great building here in Fort Lauderdale – set right on the beach at Galt Mile.

We currently have some great units for sale here in The Commodore with 10 condos for sale!

It is great to see some stronger sales activity with 4 sales over the last 6 months and 1 unit pending sale!

As I mentioned in my last 2 post we had seen a slowing of sales activity in the complex late 2017 / early 2018!

I would highly recommend looking a Commodore condos for sale if your looking for oceanfront condos here on The Galt and/or in Fort Lauderdale – the units are spacious and the complex is direct oceanfront and well run!

I hope you have enjoyed this post on Fort Lauderdale condos for sale here in the Commodore

By Kevin Wirth Realtor