Pool views from condo for sale The Commodore here on Galt Ocean Mile

Commodore Condos

The Commodore
Fort Lauderdale

Welcome to our August / September 2016 post on The Commodore condos for sale.

Search Commodore Condos for Sale

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.

There are currently 7 condo units for sale in Commodore

7 units have been sold over the last 6 months and 1 unit is 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!

Key Statistics for Buyers / Sellers
  • Prices from $340,000 – $1,595,000
  • Median List Price $499,000
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $285,000
    – for a 1 bedroom 1 bathroom unit
  • Median Sales to List Price 92%
  • Days on Market 84 Days
Views from one of the oceanfront condos for sale The Commodore Fort Lauderdale
Views from one of the oceanfront condos for sale The Commodore Fort Lauderdale

Commodore
Condos for Sale

The following market report is for the 7 x Fort Lauderdale condos for sale in Commodore here on Galt Ocean Mile

This is up from the 11 condos for sale as in our last post on condos for sale in The Commodore for May / June 2016.

$$  Beds/Baths SF/FF List Price
High 4 / 4 6,500 $1,595,000
Low 2 / 2 1,619 $340,000
Avg 2 / 2 2,690 $636,714
Med 2 / 2 1,769 $499,000


We can see from the market report on units for sale that the median price for a condo for sale in Commodore is $499,000 –
this being for a 2 bedroom 2 bathroom unit of 1769 square feet with a list price to square foot price of $282.00

The median prices is up slightly from our last post!

In our last post the median price for a condo for sale in Commodore was $495,000this being for a 2 bedroom 2 bathroom unit of 1766 square feet with a list price to square foot price of $278.00

View of The Commodore Condominium here in Fort Lauderdale
View of The Commodore Condominium here in Fort Lauderdale

Commodore Condos
Pricing Guide

Here are the median prices for The Commodore condos for sale here in Fort Lauderdale.

#Beds SF/FF List Price LP$/SqFt
2 / 2 1,766 $450,000 $278
3 / 2 1,800 $599,000 $333
4 / 4 6,500 $1,595,000 $340

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

  • 2 Bedroom condos for sale in The Commodore for sale is $450,000this being for a 2 bedroom 2 bathroom unit of 1766 square feet with a list price to square foot price of $278.00 – In our last post the median for a 2 Bedroom units for sale was higher at $495,000 – this being for a 2 bedroom 2 bathroom unit of 1726 square feet with a list price to square foot price of $278.00
  • 3 Bedroom condos for sale in The Commodore is $599,000 – this being for a 3 bedroom 2 bathroom unit of 1800 square feet with a list price to square foot price of $333.00 – In our last post the median for a 3 Bedroom units for sale was the same at $599,000 – this being for a 3 bedroom 2 bathroom unit of 1800 square feet with a list price to square foot price of $333.00
  • 4 Bedroom units for sale is $1,595,000 – this being for a 4 bedroom 4 bathroom unit of 4692 square feet with a list price to square foot price of $340.00 – In our last post the median for a 4 Bedroom units for sale was the same at $1,595,000 – this being for a 4 bedroom 4 bathroom unit of 4692 square feet with a list price to square foot price of $340.00

The Commodore
New Condo Listings

There have been no new listings of Galt Ocean Mile condos for sale here in The Commodore in the last 30 days – this is down from 1 listings as per our last post!

In our last post the new listing was Unit 1403 a 1 bedroom unit which was listed for sale for $278,100 – this 1 bedroom 1 bathroom 1112 square foot unit has a list price to square foot price of $250.00.

It is important to note that this unit was a REO / Bank owned foreclosure!

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

 

View 2 bedroom condo pending sale here at The Commodore Fort Lauderdale
View 2 bedroom condo pending sale here at The Commodore Fort Lauderdale

The Commodore
Pending Sales

Currently there is 1 condo pending sale here in The Commodore.

In our last post there were no condos pending sale.

Our market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,687 $479,900 $284

 

We can see from this post that a 2 bedroom unit listed for sale for $479,900 is now pending sale.  This condo – Unit 1112 is a 2 bedroom 2 bathroom 1687 square foot unit with a list price to square foot price of $284.00

This condo offers stunning city views and sunsets.

The unit features high impact windows, a washer and dryer and a renovated kitchen.

Other features include fine Italian  ceramic floors and two fully renovated bathrooms.

View from condo recently sold here in The Commodore on Galt Ocean Mile
View from condo recently sold here in The Commodore on Galt Ocean Mile

The Commodore
Sales Last 6 Months

There have been 7 closed sales here in the Commodore over the last 6 months – this is the same number of sale as in our last post – but is up from 4 sales as in our prior post!

The market analysis report for these units is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 2,123 $970,000
Low 1 / 1 1,088 $265,000
Avg 2 / 1 1,507 $455,571
Med 1 / 1 1,115 $285,000


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 $285,000
– this being for a 1 bedroom 1 bathroom 1115 square feet.

In our last post the median price for a condo sold here in the Commodore over the last 6 months was $369,000 – this being for a 2 bedroom 2 bathroom 1375 square feet.

Commodore Condos
Sales Prices

Here are the median sales prices for The Commodore condos here in Fort Lauderdale over the last 6 months.

Beds/Baths SF/FF Sale Price SP$/SqFt
1 / 1 1,088 $275,000 $250
2 / 2 1,684 $369,000 $219
3 / 2 2,123 $860,000 $405

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

  • 1 Bedroom units sold has been $275,000this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a sales price to square foot price of $250.00.  In our last post the median price for 1 Bedroom units was $10,000 higher at $285,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a sales price to square foot price of $262.00.
  • 2 Bedroom units sold has been $369,000this being for a 2 bedroom 2 bathroom unit of 1684 square feet with a sales price to square foot price of $219.00.  In our last post the median price for 2 Bedroom units was $5,000 higher at $374,000 – this being for a 2 bedroom 2 bathroom unit of 1635 square feet with a sales price to square foot price of $219.00
  • 3 Bedroom units sold has been $692,500 – this being for a 3 bedroom 2 bathroom unit of 2123 square feet with a sales price to square foot price of $326.00.  In our last post the median price for 3 Bedroom units was the same at $692,500 – this being for a 3 bedroom 2 bathroom unit of 2123 square feet with a sales price to square foot price of $326.00.

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
High $457
Low $219
Avg $290
Med $257


We can see from this report that the median sales price to square foot price paid for a The Commodore condo sold over the last 6 months has been $257.00 per square foot.

It is important to note the softening of median sales prices to square foot prices for recent sales of condos here at The Commodore.

In our last post the median sales price to square foot price was $268.00 which in turn was down from our prior post when the median sales price to square foot price was $286.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in The Commodore – 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$/LP$
Avg 95%
Med 92%


We can see from this report that the median sales price to list price for Fort Lauderdale condo here in The Commodore  has been 92% – this is the same as in our last post.

Important to note however is that this is well up from 87% in our prior post!

This means if a Fort Lauderdale condo for sale here in The Commodore is listed at $400,000 – then based on median sales data the condo could be expected to sell for 92% of that amount or $368,000.

Days on Market

Days on market for Condos for Sale in The Commodore 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.

 $$ Days on Market
Avg 100
Med 84

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in The Commodore is 100 days

We can also see that the median days on market is 84 days – which 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.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

The Commodore is a great building here in Fort Lauderdale – set right on the beach at Galt Ocean Mile.

Currently we have a great selection of units for sale with many offering real value for Galt Ocean Mile condos for sale.

Prices for 2 bedroom oceanfront units are especially attractive with a median price of $450,000.

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