View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive Fort Lauderdale

Commodore Condos

The Commodore
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our March 2020 / April 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 12 condo units for sale with 2 of these being new listings.

There have been 7 units sold in The Commodore sold over the last 6 months and 3 units are 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 $315,000 – $1,145,000
  • Median list price $912,000
    2 bedroom 2 bathroom unit

Median Sales Prices

  • Median Sales Price $365,000
    – 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $276.00
  • Median Sales to List Price 96%
  • Days on Market 47 Days
Street View Galt Ocean Mile Condominium The Commodore 3430 Galt Ocean Drive Fort Lauderdale
Street View Galt Ocean Mile Condominium The Commodore 3430 Galt Ocean Drive

The Commodore
Galt Ocean Mile Condos

The following market report is for the 12 x Commodore Galt Ocean Mile condos for sale here in Fort Lauderdale – down slightly from our last post!

There were 13 condos for sale as in our last post on The Commodore Fort Lauderdale for January 2020 / February 2020

Our market analysis report for these 12 condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,054 $315,000
Max 3 / 3 2,092 $1,145,000
Avg 2 / 2 1,798 $755,308
Median 2 / 2 1,888 $912,000

We can see from this market report that the average price for a direct oceanfront condo for sale here in The Commodore is $755,308 – this being for a 2 bedroom 2 bathroom 1798 square foot unit with a list price to square foot price of $426.00

We can also see that the median price for a Commodore condo for sale is $912,000 – this being for a 2 bedroom 2 bathroom 1888 square foot unit with a list price to square foot price of $471.00 – well up from our last post!

In our last post the median price for one of The Commodore condos for sale was much lower at $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

Note: The lowest priced unit for sale is offered for sale $315,000 – this being for a 1 bedroom 1 bathroom unit of 1,054 square feet!

The highest priced unit for sale is offered for sale $1,145,000 – 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 $315,000 $299.00
2 / 2 1,811 $699,500 $461.00
3 / 2 2,092 $1,099,000 $547.00

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

  • 1 Bedroom condos for sale in The Commodore for sale is $315,000this being for a 1 bedroom 1 bathroom unit of 1054 square feet with a list price to square foot price of $299.00 – In our last post the median for 1 Bedroom units for sale was higher at $353,000 – this being for a 1 bedroom 1 bathroom unit of 1054 square feet with a list price to square foot price of $335.00
  • 2 Bedroom condos for sale in The Commodore for sale is $699,500 – this being for a 2 bedroom 2 bathroom unit of 1811 square feet with a list price to square foot price of $461.00 – In our last post the median for a 2 Bedroom units for sale was much lower at $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
  • 3 Bedroom condos for sale in The Commodore for sale is $1,099,000 – this being for a 3 bedroom 2 bathroom unit of 2092 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 $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
View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive just listed for sale #1606

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 3 new listings.

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

BEDS / BATHS LA LP$
Unit 1606 2 / 2 1,949 $925,000
Unit 506 2 / 2 1,949 $899,000

We can see from this report that:

The Commodore Unit 1606 a 2 bedroom unit has just been listed for sale for $925,000this 2 bedroom 2 bathroom 1949 square foot unit has a list price to square foot price of $475.00

Unit 1606 is a Northeast Corner condo with a large wraparound balcony, updated kitchen and bathrooms.   This Galt Ocean Mile condo for sale features: Marble flooring throughout the living areas, plenty of closet space and private parking in the buildings garage.

The Commodore Unit 506 a 2 bedroom unit has just been listed for sale for $899,000this 2 bedroom 2 bathroom 1949 square foot unit has a list price to square foot price of $461.00

Unit 506 Direct oceanfront is a Northeast corner condo.  This Galt Ocean Mile condo for sales features: floor-to-ceiling windows in the living room and a massive wrap-around 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 The Commodore 3430 Galt Ocean Drive Fort Lauderdale Pending Sale Unit 1008
View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive Pending Sale Unit 1008

The Commodore
Pending Sales

There are currently 3 condos pending sale in The Commodore Galt Ocean Mile In our last post there were also 3 condos pending sale here at The Commodore!

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

BEDS / BATHS LA LP$
Unit 1008 3 / 2 1,619 $750,000
Unit 710 1 / 1 1,054 $349,000
Unit 904 1 / 1 1,054 $315,000

We can see from this report that:

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

The Commodore Unit 710 a 1 bedroom unit listed for sale for $349,000 is now pending sale – this 1 bedroom 1 bathroom 1,054 square foot unit has a list price to square foot price of $331.00

The Commodore Unit 904 a 1 bedroom unit listed for sale for $315,000 is now pending sale – this 1 bedroom 1 bathroom 1,054 square foot unit has a list price to square foot price of $299.00

View Galt Ocean Mile Condo The Commodore 3430 Galt Ocean Drive Fort Lauderdale Recently Sold Unit 507
View Galt Ocean Mile Condo The Commodore 3430 Galt Ocean Drive Recently Sold Unit 507

The Commodore
Sales Last 6 Months

There have been 7 x The Commodore Galt Ocean Mile condos sold over the last 6 months – In our last post there had been 5 units sold over the preceding 6 months

The market analysis report for these 7 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1,054 $277,500
Max 3 / 2 2,123 $875,000
Avg 2 / 2 1,532 $465,357
Median 2 / 2 1,657 $365,000

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 $465,357 – this being for a 2 bedroom 2 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 $365,000 – this also being for a 2 bedroom 2 bathroom unit!

In our last post the median for condos sold here in The Commodore over the preceding 6 months was $278,000 – 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 $181.00
Max $412.00
Avg $297.00
Median $276.00

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 $276.00 per square foot – this is up from $263.00 in our last post!

Note: the highest sales price to square foot price at $412.00!

% 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 99%
Avg 95%
Median 96%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in The Commodore  has been 96% – up from the median of 93% in our last post!

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 96% of that amount or $480,000.

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 12
Max 100
Avg 41
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 the same 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 7 x 1 bedroom condos sold over the last 6 months here in The Commodore Galt Ocean Mile

BEDS / BATHS LA SP$
Unit 507 3 / 2 2,123 $875,000
Unit 506 2 / 2 1,949 $715,000
Unit 1211 2 / 2 1,796 $425,000
Unit 405 1 / 1 1,054 $365,000
Unit 704 1 / 1 1,088 $300,000
Unit 412 2 / 2 1,657 $300,000
Unit 1404 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 507 a 3 bedroom unit which sold for $875,000

This 3 bedroom 2 bathroom 2123 square foot condo had a sales price to square foot price of $412.00

Unit 507 had 100 days on market and sold for 97% 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 really great units for sale here in The Commodore.  Buyer activity is picking up with 3 units now pending sale.

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