The Commodore Galt Ocean Mile condos 3430 Galt Ocean Drive Fort Lauderdale

Commodore Condos

The Commodore
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our January 2020 / February 2020 pricing guide for 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 13 condo units for sale with 3 of these being new listings.

There have been 5 units sold in The Commodore sold over the last 6 months – 4 of which were 1 bedroom condos.

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 $350,000 – $1,150,000
  • Median list price $595,000
    2 bedroom 2 bathroom unit

Median Sales Prices

  • Median Sales Price $278,000
    – 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $263.00
  • Median Sales to List Price 93%
  • Days on Market 47 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 13 x Commodore Galt Ocean Mile condos for sale here in Fort Lauderdale – up from our last post!

There were 10 condos for sale as in our last post on The Commodore Fort Lauderdale for March 2019 / April 2019

Our market analysis report for these 13 condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,054 $350,000
Max 3 / 3 2,092 $1,150,000
Avg 2 / 2 1,699 $675,054
Median 2 / 2 1,766 $595,000

We can see from this market report that the average price for a direct oceanfront condo for sale here in The Commodore is $675,054 – this being for a 2 bedroom 2 bathroom 1699 square foot unit with a list price to square foot price of $387.00

We can also see that the median price for a Commodore condo for sale is $595,500 – this being for a 2 bedroom 2 bathroom 1766 square foot unit with a list price to square foot price of $338.00 – down from our last post!

In our last post the median price for one of The Commodore condos for sale was higher at $607,500 – this being for a 2 bedroom 2 bathroom 1711 square foot unit with a list price to square foot price of $357.00

Note: The lowest priced unit for sale is offered for sale $350,000 – this being for a 1 bedroom 1 bathroom unit of 1,054 square feet!

The highest priced unit for sale is offered for sale $1,150,000 – this being for a 3 bedroom 3 bathroom unit of 2,092 square feet!

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 1,054 $353,000 $335.00
2 / 2 1,781 $547,500 $319.00
3 / 2 1,949 $1,145,000 $547.00

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

  • 1 Bedroom condos for sale in The Commodore for sale is $353,000this being for a 1 bedroom 1 bathroom unit of 1054 square feet with a list price to square foot price of $335.00 – In our last post the median for 1 Bedroom units for sale was higher at $359,900 – this being for a 1 bedroom 1 bathroom unit of 1115 square feet with a list price to square foot price of $323.00
  • 2 Bedroom condos for sale in The Commodore for sale is $547,500 – this being for a 2 bedroom 2 bathroom unit of 1781 square feet with a list price to square foot price of $319.00 – In our last post the median for a 2 Bedroom units for sale was higher at $580,000 – this being for a 2 bedroom 2 bathroom unit of 1657 square feet with a list price to square foot price of $355.00
  • 3 Bedroom condos for sale in The Commodore for sale is $1,145,000 – this being for a 3 bedroom 2 bathroom unit of 1947 square feet with a list price to square foot price of $547.00 – In our last post the median for 3 Bedroom condos for sale in The Commodore for sale was lower at $1,047,000 – this being for a 3 bedroom 2 bathroom unit of 2107 square feet with a list price to square foot price of $497.00
View The Commodore Galt Ocean Mile condo just listed for sale Unit 1008 - 3430 Galt Ocean Drive Fort Lauderdale
View of one of The Commodore Galt Ocean Mile condos just listed for sale Unit 1008!

The Commodore
New Condo Listings

There have been 3 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.

Our market analysis report for these new listings is presented below

BEDS / BATHS LA LP$
Unit 1008 3 / 2 1,619 $750,000
Unit  1111 2 / 2 1,796 $595,000
Unit 703 1 / 1 1,054 $350,000

We can see from this report that:

The Commodore Unit 1008 a 3 bedroom unit has just been listed for sale for $750,000this 3 bedroom 2 bathroom 1619 square foot unit has a list price to square foot price of $463.00

The Commodore Unit 1111 a 2 bedroom unit has just been listed for sale for $595,000this 2 bedroom 2 bathroom 1796 square foot unit has a list price to square foot price of $331.00

The Commodore Unit 703 a 1 bedroom unit has just been listed for sale for $350,000this 1 bedroom 1 bathroom 1,054 square foot unit has a list price to square foot price of $332.00


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 Galt Ocean Mile condo pending sale Unit 507 - The Commodore 3430 Galt Ocean Drive Fort Lauderdale
Look at the view from one of The Commodore Galt Ocean Mile condos pending sale Unit 507!

The Commodore
Pending Sales

There is currently 3 condos pending sale in The Commodore Galt Ocean Mile In our last post there were no condos pending sale here at The Commodore!

Our market analysis report for these condos pending sale is presented below

BEDS / BATHS LA LP$
Unit 507 3 / 2 2,123 $899,000
Unit 506 2 / 2 1,949 $725,000
Unit 405 1 / 1 1,054 $375,000

We can see from this report that:

The Commodore Unit 507 a 3 bedroom unit for sale for $899,000 is now pending sale – this 3 bedroom 2 bathroom 2,123 square foot unit has a list price to square foot price of $423.00

The Commodore Unit 506 a 2 bedroom unit for sale for $725,000 is now pending sale – this 2 bedroom 2 bathroom 1,949 square foot unit has a list price to square foot price of $372.00

The Commodore Unit 507 a 1 bedroom unit for sale for $375,000 is now pending sale – this 1 bedroom 1 bathroom 1,054 square foot unit has a list price to square foot price of $336.00

View The Commodore Galt Ocean Mile condo recently sold Unit 1005 - 3430 Galt Ocean Drive Fort Lauderdale
View The Commodore Galt Ocean Mile condo recently sold Unit 1005 – 3430 Galt Ocean Drive Fort Lauderdale

The Commodore
Sales Last 6 Months

There have been 5 x The Commodore Galt Ocean Mile condos sold over the last 6 months – In our last post there had been 4 unit sold over the preceding 6 months – all of these being 1 bedroom units!

The market analysis report for these 5 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1,054 $277,500
Max 2 / 2 1,657 $300,000
Avg 1 / 1 1,213 $286,600
Median 1 / 1 1,071 $278,000

We can see from this report that the average price for a Galt Ocean Mile condo sold here in The Commodore over the last 6 months has been $286,600 this being for a 1 bedroom 1 bathroom unit!

We can also see from this report that the median price for a Galt Ocean Mile condo sold here in The Commodore over the last 6 months has been $278,000 – 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 $181.00
Max $276.00
Avg $246.00
Median $263.00

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 $263.00 per square foot – this is the same as in our last post!

Note: the highest sales price to square foot price at $276.00!

% 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 90%
Max 98%
Avg 93%
Median 93%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in The Commodore  has been 93% – the median in our last post was the same in our last post at 93%!

This means if a Fort Lauderdale condo for sale here in The Commodore is listed at $500,000 – then based on median sales data the condo could be expected to sell for 93% of that amount or $465,000.

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 3
Max 51
Avg 32
Median 47

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Commodore is 47 days – this is up from 29 days 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.

The Commodore
Condo Sales Itemized

Here is the data for the 5 x 1 bedroom condos sold over the last 6 months here in The Commodore Galt Ocean Mile

BEDS / BATHS LA SP$
Unit 704 1 / 1 1,088 $300,000
Unit 412 2 / 2 1,657 $300,000
Unit 1004 1 / 1 $278,000
Unit 1404 1 / 1 1,054 $277,500
Unit 1005 1 / 1 1,054 $277,500

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 704 a 1 bedroom unit which sold for $300,000

This 1 bedroom 1 bathroom 1088 square foot condo had a sales price to square foot price of $276.00

Unit 704 had just 47 days on market and sold for 90% 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 13 condos for sale – and a mix of 1, 2 and 3 bedroom units for sale!

Buyer activity is picking up as we move into our annual “Sales Season”

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