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

Commodore Condos

The Commodore
Galt Ocean Mile Condos

Welcome to our December 2018 / January 2019 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.

 

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There are currently 5 condo units for sale in The Commodore  and 2 units have been sold over 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 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 $359,000 – $1,100,000
  • Median list price $469,000 – down from our last few posts
    2 bedroom 2 bathroom unit

Median Sales Prices

  • Sales Price to Sq Ft Price $279.00
  • Median Sales to List Price 91%
  • Days on Market 229 Days
View Galt Ocean Mile condominium The Commodore 3430 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium The Commodore 3430 Galt Ocean Drive Fort Lauderdale

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 – down slightly from our last post!

There were 6 condos for sale as in our last post on The Commodore Fort Lauderdale for October / November 2018

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

BEDS / BATHS LA LP$
Min 1 / 1 1,115 $359,000
Max 3 / 2 2,092 $1,100,000
Avg 2 / 2 1,629 $587,580
Median 2 / 2 1,632 $469,000

We can see from this market report that the average price for a direct oceanfront condo for sale here in The Commodore is $587,580 – this being for a 2 bedroom 2 bathroom 1629 square foot unit with a list price to square foot price of $349.00

We can also see that the median price for a Commodore condo for sale is $469,000 – this being for a 2 bedroom 2 bathroom 1632 square foot unit with a list price to square foot price of $322.00

It is very important to note that the median list price for Commodore Condos for sale is now down by $106,000 over our last 5 posts!

In our last post for October / November 2018 the median price for a Commodore condo for sale was $472,000 – this being for a 2 bedroom 2 bathroom 1619 square foot unit with a list price to square foot price of $308.00

In our last post for August / September 2018 the median price for a Commodore condo for sale was $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

In our prior post 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 earlier post 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 post 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 $359,000 – this being for a 1 bedroom 1 bathroom unit of 1,088 square feet!

The highest priced unit for sale is offered for sale $1,100,000 – this being for a 3 bedroom 2 bathroom unit of 2,092 square feet!

View Commodore condominium 3430 Galt Ocean Drive Fort Lauderdale
View Commodore condominium 3430 Galt Ocean Drive 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 1,115 $359,000 $322.00
2 / 2 1,632 $469,000 $290.00
3 / 2 2,092 $1,100,000 $526.00

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

  • 1 Bedroom condos for sale in The Commodore for sale is $359,000this being for a 1 bedroom 1 bathroom unit of 1115 square feet with a list price to square foot price of $322.00 – In our last post the median for 1 Bedroom units for sale was the same at $359,000 – this being for a 1 bedroom 1 bathroom unit of 1115 square feet with a list price to square foot price of $322.00
  • 2 Bedroom condos for sale in The Commodore for sale is $469,000 – this being for a 2 bedroom 2 bathroom unit of 1632 square feet with a list price to square foot price of $290.00 – In our last post the median for a 2 Bedroom units for sale was slightly higher at $472,000 – this being for a 2 bedroom 2 bathroom unit of 1619 square feet with a list price to square foot price of $292.00
  • 3 Bedroom condos for sale in The Commodore for sale is $1,100,000 – this being for a 3 bedroom 2 bathroom unit of 2092 square feet with a list price to square foot price of $526.00 – In our last post the median for 3 Bedroom condos for sale in The Commodore for sale was the same at $1,100,000 – this being for a 3 bedroom 2 bathroom unit of 2092 square feet with a list price to square foot price of $526.00

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 1407 and Unit 412


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

Pool views Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive Fort Lauderdale
Pool views Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive Fort Lauderdale

The Commodore
Pending Sales

There is currently no condos pending sale in The Commodore Galt Ocean Mile  – In our last post there was 1 condo pending sale here at The Commodore this was Unit 804 – a 1 bedroom unit!

The Commodore
Sales Last 6 Months

There have been just 2 x The Commodore Galt Ocean Mile condos sold over the last 6 months

This is down from our last post when there had been 3 units sold over the preceding 6 months – which in turn was down from our prior post when there had been 4 units sold over the preceding six month period!

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

BEDS / BATHS LA SP$
Min 1 / 1 1,088 $283,000
Max 2 / 2 1,766 $525,000
Avg 2 / 2 1,427 $404,000
Median 2 / 2 1,427 $404,000

We can see from this report that BOTH the average and median price for a Fort Lauderdale condo sold here in The Commodore over the last 6 months has been$404,000 – this being for a 2 bedroom 2 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 $260.00
Max $297.00
Avg $279.00
Median $279.00

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 $279.00 per square foot

It is important to note that this is up from $260.00 in our last post! 

Note: the highest sales price to square foot price was $297.00!

% 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 86%
Max 96%
Avg 91%
Median 91%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in The Commodore  has been 91% – – down from from 94% in our last post

This means if a Fort Lauderdale condo for sale here in The Commodore is listed at $550,000 – then based on median sales data the condo could be expected to sell for 91% of that amount or $500,500.

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 123
Max 335
Avg 229
Median 229

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Commodore is 229 days.

It is important to note that this is well up from the median of 111 days as in our last post which in turn was well up from the 35 days as in our prior post!

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

View The Commodore 3430 Galt Ocean Drive Fort Lauderdale condo recently sold - Unit 804
View The Commodore 3430 Galt Ocean Drive Fort Lauderdale condo recently sold – Unit 804

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 1401 2 / 2 1,766 $525,000
Unit 804 1 / 1 1,088 $283,000

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 1401 a 2 bedroom unit which sold for $525,000

This 2 bedroom 2 bathroom 1766 square foot condo had a sales price to square foot price of $334.00

Unit 1401 had 335 days on market and sold for 96% 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 a mix of 1, 2 and 3 bedroom units for sale!

Sales activity has been very slow – however now we are in Season I am confident that sales activity will soon pick up!

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