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

Commodore Condos

The Commodore
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our November 2020 / December 2020 pricing guide for The Commodore Galt Ocean Mile condos for sale here in 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 10 condo units for sale – 1 of which is a new listing.

There have been 7 units sold in The Commodore sold over the last 6 months – and 2 units are 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 $319,000 – $1,145,000
  • Median list price $532,500
    2 bedroom 2 bathroom unit

Median Sales Prices

  • Median Sales Price $377,500
    – 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $299.00
  • Median Sales to List Price 98%
  • Days on Market 202 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 10 x Commodore Galt Ocean Mile condos for sale here in Fort Lauderdale – this is down slightly from our last post!

In our last post for September 2020 / October 2020 there were 11 x The Commodore condos for sale! 

Our market analysis report for these 10 x Commodore Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1,632 $319,000
Max 3 / 3 2,092 $1,145,000
Avg 2 / 2 1,802 $677,690
Median 2 / 2 1,766 $532,500

We can see from this market report that the average price for a direct oceanfront condo for sale here in The Commodore is $677,690 – this being for a 2 bedroom 2 bathroom 1802 square foot unit with a list price to square foot price of $396.00

In our last post the average price for a direct oceanfront condo for sale here in The Commodore was much higher at $771,818 – this being for a 2 bedroom 2 bathroom 1825 square foot unit with a list price to square foot price of $453.00

We can also see that the median price for a Commodore condo for sale is $532,000 – this being for a 2 bedroom 2 bathroom 1766 square foot unit with a list price to square foot price of $386.00

In our last post the median price for one of The Commodore condos for sale was also much higher at $899,000 – this being for a 2 bedroom 2 bathroom 1827 square foot unit with a list price to square foot price of $492.00

Note: The lowest priced unit for sale is offered for sale $319,000 – this being for a 1 bedroom 1 bathroom unit

The highest priced unit for sale is offered for sale $1,145,000 – this being for a 3 bedroom 3 bathroom unit

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
2 / 2 1,687 $497,450 $291.00
3 / 2 2,020 $1,122,000 $556.00

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

  • There are currently no 1 Bedroom condos for sale here in The Commodore In our last post when there were 1 bedroom units for sale the median list price for 1 Bedroom units for sale was $332,000 – this being for a 1 bedroom 1 bathroom unit of 1054 square feet with a list price to square foot price of $315.00
  • 2 Bedroom condos for sale in The Commodore for sale is $497,450 – this being for a 2 bedroom 2 bathroom unit of 1687 square feet with a list price to square foot price of $291.00 – In our last post the median for a 2 Bedroom units for sale was much higher at $745,000 – this being for a 2 bedroom 2 bathroom unit of 1827 square feet with a list price to square foot price of $461.00
  • 3 Bedroom condos for sale in The Commodore for sale is $1,122,000 – this being for a 3 bedroom 2 bathroom unit of 2020 square feet with a list price to square foot price of $556.00 – In our last post the median for 3 Bedroom condos for sale in The Commodore for sale was the same at $1,122,000 – this being for a 3 bedroom 2 bathroom unit of 2020 square feet with a list price to square foot price of $556.00
View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 612
View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive just listed for sale # 612

The Commodore
New Condo Listings

There has been 1 new listing of a The Commodore Galt Ocean Mile condo for sale in the last 30 days – In our last post for July / August there was also just 1 new listing – this being for unit 302 a 2 bedroom 2 bathroom condo!

Our market analysis report for this new listing is presented below:

BEDS / BATHS LA LP$
Unit 612 2 / 2 1,657 $515,000

We can see from this report that Unit 612 a 2 bedroom condo in The Commodore has just been listed for sale for $515,000this 2 bedroom 2 bathroom 1657 square foot unit has a list price to square foot price of $311.00

Commodore 612 is stunning unit that boasts breathtaking direct intracoastal & skyline views throughout!

The unit is flooded with natural light from it’s floor to ceiling impact windows and doors!

This Galt Ocean Mile condo for sale offers a contemporary spacious layout and split floor plan.

The turnkey apartment has been professionally updated and features: impact windows and doors throughout, designer tile and wood flooring, custom wood cabinetry in kitchen and bathrooms, Stainless Steel appliances, Granite tops with glass backsplash and there is a new washer and dryer set in the unit. 


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 1504
View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive pending sale # 1504

The Commodore
Pending Sales

There are currently 2 condos pending sale in The Commodore Galt Ocean Mile In our last post there were 3 condos pending sale – 2 x 1 bedroom units and 1 x 2 bedroom unit! 

Our market analysis report for th 2 units currently pending sale is presented below:

BEDS / BATHS LA LP$
Unit 106 2 / 2 1,827 $735,000
Unit 1504 1 / 1 1,088 $335,000

We can see from this report that:

Unit 106 a 2 bedroom condo in The Commodore listed for sale for $735,000 is now pending salethis 2 bedroom 2 bathroom 1827 square foot unit has a list price to square foot price of $402.00

Unit 106 is a “one of kind” direct beachfront North East corner unit!

This Galt Ocean Mile condo is “Turn-Key” and move-in ready.  The unit offers marble flooring, wood cabinets, granite countertops, Stainless Steel appliances, Marble flooring, walls, shower and vanity in both bathrooms. The unit has hurricane impact windows and patio door with Marine hardware, plantation shutters and duet blinds all installed in 2017.

Unit 1504 a 1 bedroom condo in The Commodore listed for sale for $335,000 is now pending salethis 1 bedroom 1 bathroom 1088 square foot unit has a list price to square foot price of $308.00

Unit 1504 offers gorgeous ocean views of Galt Ocean Mile!

This Galt Ocean Mile condo features: impact windows and door, built-in closets, a washer/dryer, newly updated balcony with clear glass and an additional storage unit on the same floor.

View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive Fort Lauderdale recently sold Unit 1111
View Galt Ocean Mile condo The Commodore 3430 Galt Ocean Drive recently sold # 1111

The Commodore
Sales Last 6 Months

There have been 7 x The Commodore Galt Ocean Mile condos sold over the last 6 months – well up from our last post!

In our last post there had been just 3 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 $285,000
Max 2 / 2 1,827 $855,000
Avg 1 / 1 1,362 $457,371
Median 1 / 1 1,115 $377,500

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 $457,371 – 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 $377,500 – 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 $270.00
Max $468.00
Avg $327.00
Median $299.00

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 $299.00 per square foot – the same as in our last post!

Note: the highest sales price to square foot price at $468.00!

% 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 91%
Max 104%
Avg 98%
Median 98%

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 98% – this is down from 99% as 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 98% of that amount or $490,000.

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 17
Max 428
Avg 188
Median 202

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Commodore is 202 days

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

BEDS / BATHS LA SP$
Unit 1706 2 / 2 1,827 $855,000
Unit 302 2 / 2 1,635 $544,100
Unit 1111 2 / 2 1,796 $515,000
Unit 310 1 / 1 1,115 $377,500
Unit 703 1 / 1 1,054 $315,000
Unit 710 1 / 1 1,054 $310,000
Unit 904 1 / 1 1,054 $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 1706 a 2 bedroom unit which sold for $855,000

This 2 bedroom 2 bathroom 1827 square foot condo had a sales price to square foot price of $468.00

Unit 1706 had 428 days on market and sold for 95% 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.

Currently we have a really great choice of units for sale here in The Commodore with 10 units for sale – this being a mix of 2 and 3 bedroom units!

Corona Virus slowed sales activity here in Galt Ocean Mile over the last few months!

However I am very pleased to report that buyer activity has now picked up and that 7 units have sold over the last 6 months and that 2  more units are 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