View Commodore Galt Ocean Mile condos for sale 3430 Galt Ocean Drive Fort Lauderdale

Commodore Condos

The Commodore
Galt Ocean Mile Condos

Welcome to our February / March 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 5 condo units for sale in Commodore

2 units have been sold over the last 6 months (both 1 bedroom units) – and 2 units are pending sale (both 1 bedroom units) 

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 $349,000 – $624,900

Median Sales Prices

  • Sales Price to Sq Ft Price $281.00
  • Median Sales to List Price 94%
  • Days on Market 214 Days
View Commodore 3430 Galt Ocean Drive Fort Lauderdale Florida
View Commodore 3430 Galt Ocean Drive Fort Lauderdale Florida

The Commodore
Galt Ocean Mile Condos

The following market report is for the 5 x Commodore Galt Ocean Mile condos for sale here in Fort Lauderdale,

The number of condos currently for sale is the same as in our last post on The Commodore for December 2017 / January 2018

Our market analysis report for these 5 condos for sale is presented below:

BEDS / BATHS #FB LA LP$
Min 1 / 1 1 1109 $349,000
Max 2 / 2 2 1800 $624,900
Avg 2 / 2 2 1589 $514,580
Median 2 / 2 2 1635 $575,000

We can see from this market report that the average price for a direct oceanfront condo for sale here in The Commodore is $514,580 – this being for a 2 bedroom 2 bathroom 1589 square foot unit with a list price to square foot price of $323.00

We can also see that the median price for a Commodore condo for sale is $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

It is important to note that while the median price is up from our last post – the median this month is based on a 2 bedroom unit – in our last 2 posts the median was based on 1 bedroom units! 

In our last prior for December 2017 / January 2018 the median price for a Commodore condo for sale was $365,000 – this being for a 1 bedroom 1 bathroom 1109 square foot unit with a list price to square foot price of $329.00

In our last post for October / November 2017 the median price for a Commodore condo for sale $337,000 – this being for a 1 bedroom 1 bathroom 1106 square foot unit with a list price to square foot price of $304.00

Note: The lowest priced unit for sale is offered for sale $349,000 – this being for a 1 bedroom 1 bathroom unit of 1,109 square feet!

The highest priced unit for sale is offered for sale $624,900 – 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 1109 $349,000 $315.00
2 / 2 1700 $582,500 $340.00

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

  • 1 Bedroom condos for sale in The Commodore for sale is $349,000this being for a 1 bedroom 1 bathroom unit of 1109 square feet with a list price to square foot price of $315.00 – In our last post the median for 1 Bedroom units for sale was the same 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 $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 – In our last post the median for a 2 Bedroom units for sale was over $42,000 higher at $624,975 – this being for a 2 bedroom 2 bathroom unit of 1700 square feet with a list price to square foot price of $367.00

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 – Unit 405 and Unit 1705 both 1 bedroom condos!


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

The Commodore
Pending Sales

There are 2 condos pending sale here in The Commodore Galt Ocean Mile – both of these are 1 bedroom units!

In our last post there were also 2 condo units pending sale – both of these were also 1 bedroom units.

Our market analysis report for these units is presented below

CONDO BEDS / BATHS LA LP$
Unit 405 1 / 1 1109 $365,000
Unit 1705 1 / 1 1109 $325,000
Median 1 / 1 1109 $345,000

We can see from this report that:

Unit 405 a 1 bedroom Commodore Galt Ocean Mile condo listed for sale for $365,000 is now pending salethis 1 bedroom 1 bathroom 1109 square foot unit has a list price to square foot price of $329.00

Unit 405 is completely and tastefully renovated – with nothing but top of the line materials used!

The unit faces north with gorgeous ocean view from the balcony. 

Unit 1705 a 1 bedroom Galt Ocean Mile condo in The Commodore listed for sale for $325,000 is now pending salethis 1 bedroom 1 bathroom 1109 square foot unit has a list price to square foot price of $293.00

Unit 1705 is large and bright apartment with gorgeous ocean views.

The unit has floor-to-ceiling windows in living room and a large balcony.

View Galt Ocean Mile condo recently sold The Commodore Unit 1203
View Galt Ocean Mile condo recently sold The Commodore Unit 1203

The Commodore
Sales Last 6 Months

There have been just 2 x The Commodore Galt Ocean Mile condos sold over the last 6 months – both 1 bedroom units!

This is the same number of sales as in our last post!

The market analysis report for these 2 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1088 $285,000
Max 1 / 1 1100 $330,000
Avg 1 / 1 1094 $307,500
Median 1 / 1 1094 $307,500

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$307,500 – this 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 $300.00
Avg $281.00
Median $281.00

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 $281.00 per square foot – this is down from our last post!

In our last post the median sales price to square foot price was $311.00!

% Sales to List Price

An important real estate indicators that is important to note 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% – well up from 90% 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 147
Max 282
Avg 214
Median 214

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Commodore is 214 days or just over 7 months – up from our last post!

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 2 condos sold over the last 6 months here in The Commodore Galt Ocean Mile

CONDO BEDS / BATHS LA SP$
Unit 1203 1 / 1 1100 $330,000
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 1203 a 1 bedroom unit which sold for $330,000

This 1 bedroom 1 bathroom 1100 square foot condo had a sales price to square foot price of $300.00

Unit 1203 had 282 days on market and sold for 92% 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.

As I mentioned in my last post we have seen a slowing of sales activity in the complex over the last 6-8 months!

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