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

Commodore Condos

The Commodore
Galt Ocean Mile Condos

Welcome to our August 2018 / September 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 6 condo units for sale in Commodore

4 units have been sold over the last 6 months and 1 unit is 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 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 $289,000 – $590,000
  • Median list price $475,000 – down from our last posts
    2 bedroom 2 bathroom unit

Median Sales Prices

  • Median Sales Price $330,000
    – 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $293.00
  • Median Sales to List Price 95%
  • Days on Market 35 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 6 x Commodore Galt Ocean Mile condos for sale here in Fort Lauderdale,

There were 9 condos for sale as in our last post on The Commodore Fort Lauderdale for June / July 2018 and 10 condos for sale as in our prior post for April / May 2018

Our market analysis report for these 6 condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1112 $289,000
Max 2 / 2 1800 $590,000
Avg 2 / 2 1467 $448,000
Median 2 / 2 1579 $475,000

We can see from this market report that the average price for a direct oceanfront condo for sale here in The Commodore is $448,000 – this being for a 2 bedroom 2 bathroom 1467 square foot unit with a list price to square foot price of $304.00

We can also see that the median price for a Commodore condo for sale is $475,000 – this being for a 2 bedroom 2 bathroom 1579 square foot unit with a list price to square foot price of $308.00

It is very important to note that the median list price for Commodore Condos for sale is now down by $100,000 over our last 3 posts!

In our last prior for June / July 2018 the median price for a Commodore condo for sale was $500,000 – this being for a 2 bedroom 2 bathroom 1619 square foot unit with a list price to square foot price of $325.00

In our prior prior for April / May 2018 the median price for a Commodore condo for sale was $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

In our earlier 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 $289,000 – 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 Galt Ocean Mile condo for sale The Commodore Fort Lauderdale
Restful pool views from this Galt Ocean Mile condo for sale in The Commodore Fort Lauderdale

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 1113 $324,000 $291.00
2 / 2 1619 $487,500 $309.00

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

  • 1 Bedroom condos for sale in The Commodore for sale is $324,000this being for a 1 bedroom 1 bathroom unit of 1113 square feet with a list price to square foot price of $291.00 – In our last post the median for 1 Bedroom units for sale was higher at $330,000 – this being for a 1 bedroom 1 bathroom unit of 1112 square feet with a list price to square foot price of $303.00
  • 2 Bedroom condos for sale in The Commodore for sale is $487,500 – this being for a 2 bedroom 2 bathroom unit of 1619 square feet with a list price to square foot price of $309.00 – In our last post the median for a 2 Bedroom units for sale was higher at $544,450 – this being for a 2 bedroom 2 bathroom unit of 1625 square feet with a list price to square foot price of $330.00

The Commodore
New Condo Listings

There have been no new listings of The Commodore Galt Ocean Mile condos for sale in the last 30 days

In our last post there were 2 new listings – these being for Unit 1408 a 2 bedroom condo and Unit 710 a 1 bedroom condo!


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 The Commodore 3430 Galt Ocean Drive Fort Lauderdale condo pending sale - Unit 804
View The Commodore 3430 Galt Ocean Drive Fort Lauderdale condo pending sale – Unit 804

The Commodore
Pending Sales

There is currently just 1 condo pending sale in The Commodore Galt Ocean Mile – a 1 bedroom unit!

In our last post there was also just 1 condo pending sale this being Unit 402 – a 2 bedroom unit!

Our market analysis report for this unit is presented below

CONDO BEDS / BATHS LA LP$
Unit 804 1 / 1 1088 $330,000

We can see from this report that The Commodore Unit 804 a 1 bedroom Galt Ocean Mile condo listed for sale for $330,000 is now pending salethis 1 bedroom 1 bathroom 1088 square foot unit has a list price to square foot price of $303.00

Unit 804 offers great views of the ocean and Galt Ocean Mile beach from its glass balcony!

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

This is down a little from our last posts when there had been 5 units sold over the preceding six month period!

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

BEDS / BATHS LA SP$
Min 1 / 1 1109 $305,000
Max 2 / 2 1949 $650,000
Avg 1 / 1 1450 $427,500
Median 1 / 1 1372 $377,500

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$377,500 – this being for a 1 bedroom 1 bathroom unit!

It is important to note that median prices for Commodore units sold over the last 6 months are well up from our last 3 posts!

This is up from our last post for June / July 2018 when the median price for a condo sold here in The Commodore over the last 6 months was $330,500 – this also being for a 1 bedroom 1 bathroom unit!

This is also up from our post for April / May 2018 when the median price for a condo sold here in The Commodore over the last 6 months was $317,500 – this also being for a 1 bedroom 1 bathroom unit!

This is also up from our 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 $251.00
Max $334.00
Avg $293.00
Median $293.00

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 $293.00 per square foot

It is important to note that this is down from $300.00 per square foot as in our last post!

Note: the highest sales price to square foot price was $334.00!

% 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 94%
Max 100%
Avg 96%
Median 95%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in The Commodore  has been 95% – – up from 94% as in our last 2 posts!

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 95% of that amount or $427,500.

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 13
Max 111
Avg 49
Median 35

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Commodore is just 35 days or just on 5 weeks

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

CONDO BEDS / BATHS LA SP$
Unit 606 2 / 2 1949 $650,000
Unit 402 2 / 2 1635 $410,000
Unit 405 1 / 1 1109 $345,000
Unit 1705 1 / 1 1109 $305,000

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 606 a 2 bedroom unit which sold for $650,000

This 2 bedroom 2 bathroom 1949 square foot condo had a sales price to square foot price of $334.00

Unit 606 had 13 days on market and sold for 100% 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 – many with superb views!

Sales activity is slowing now we are in Summer…

However it is great to see median sales prices on the rise and well up over the last 4 posts!

Also encouraging is to continue to see the drop in days on market – down from 214 days to just 35 days in this post!

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