Oceanfront views from one of The Commodore Condos for sale Fort Lauderdale

Commodore Condos

The Commodore
Fort Lauderdale

Welcome to our October / November 2016 post on The Commodore 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 10 condo units for sale in Commodore – 4 of which are new listings.

5 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 $325,000 – $1,495,000
  • Median List Price $469,500
     – 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 103 Days
Pool and Beach views from a Commodore condo for sale
Pool and Beach views from a Commodore condo for sale here on Galt Ocean Mile

Commodore
Condos for Sale

The following market report is for the 10 x Fort Lauderdale condos for sale in Commodore here on Galt Ocean Mile

This is up from the 7 condos for sale as in our last post on condos for sale in The Commodore for August / September 2016.

 $$ Beds/Baths SF/FF List Price
High 4 / 4 6,500 $1,495,000
Low 1 / 1 1,088 $325,000
Avg 2 / 2 2,355 $588,480
Med 2 / 2 1,769 $469,500


We can see from the market report on units for sale that the median price for a condo for sale in Commodore is $469,500 –
this being for a 2 bedroom 2 bathroom unit of 1769 square feet with a list price to square foot price of $313.00

The median prices is down by almost $30,000 from our last post!

In our last post the median price for a condo for sale in Commodore was $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

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/Baths SF/FF List Price LP$/SqFt
1 / 1 1,088 $352,400 $321
2 / 2 1,769 $489,000 $278
4 / 4 6,500 $1,495,000 $319

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

  • 1 Bedroom condos for sale in The Commodore for sale is $352,400this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a list price to square foot price of $321.00 – In our last post there were no 1 bedroom condos for sale here in The Commodore!
  • 2 Bedroom condos for sale in The Commodore for sale is $489,000this being for a 2 bedroom 2 bathroom unit of 1769 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 lower at $450,000 – this being for a 2 bedroom 2 bathroom unit of 1766 square feet with a list price to square foot price of $278.00
  • 3 Bedroom condos for sale – there are currently no 3 bedroom condos for sale here in The Commodore – In our last post the median for a 3 Bedroom units for sale was $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 $1,495,000 – this being for a 4 bedroom 4 bathroom unit of 6500 square feet with a list price to square foot price of $319.00 – In our last post the median for a 4 Bedroom units for sale was higher 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 4 new listings of Galt Ocean Mile condos for sale here in The Commodore in the last 30 days – this is up from no listings as per our last post!

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

$$  Beds/Baths SF/FF List Price
High 4 / 4 6,500 $1,495,000
Low 1 / 1 1,088 $325,000
Avg 2 / 2 3,179 $750,725
Med 2 / 2 1,949 $591,450

We can see from this report that the median price for a new listing is $591,450 – this being a 2 bedroom 2 bathroom unit of 1949 square feet with a list price to square foot price of $313.00

We can also see that have had 1 bedroom, 2 bedroom and 4 bedroom units listed for sale.

View from a Penthouse just listed for sale here in The Commodore
View from a Penthouse just listed for sale here in The Commodore

Featured New Listings:

Of the 4 new listings of condos for sale here at The Commodore we have featured 2.

The first new listing is a 4 bedroom luxury Galt Ocean Mile condo which has been listed for sale for $1,495,000this 4 bedroom 4 bathroom 6500 square foot unit has a list price to square foot price of $319.00

This one of a kind luxury penthouse has 4,692 square feet under air with an additional 2,000 square feet of balcony.   The unit has been completely renovated, gourmet kit chen complete with custom cabinets and stainless steel appliances.   The unit features: bamboo wood floors with very open plan, 10 foot ceilings and impact glass throughout the unit.

View from a 2 Bedroom oceanfront condo just listed for sale in The Commodore
View from a 2 Bedroom oceanfront condo just listed for sale in The Commodore

The second new listings is a 2 bedroom Galt Ocean Mile condo which has been listed for sale for $848,000  – this 2 bedroom 2 bathroom 1949 square foot unit has a list price to square foot price of $435.00

This beautifully renovated North East corner unit also has a den with direct ocean view.   The unit has large rooms and closets, modern sleek kitchen cabinetry with quartz counter tops and a nice appliance package.   Other features include: high impact windows and doors, a wrap-around balcony and an assigned garage parking space.

 

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

 

Wonderful views from this condo pending sale here at The Commodore
Wonderful views from this condo pending sale here at The Commodore

The Commodore
Pending Sales

Currently there is 1 condo pending sale here in The Commodore – Unit 1104.

In our last post there was also 1 condo pending sale – Unit 1112.

Our market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,088 $299,000 $275

We can see from this post that a 2 bedroom unit has just been listed for sale for $299,000 is now pending sale.  This condo – Unit 1104 is a 2 bedroom 2 bathroom 1088 square foot unit with a list price to square foot price of $275.00

The unit has glass balconies and offers awesome ocean views. The windows are floor to ceiling making the condo very bright and airy.

The unit has plenty of space with a good flow layout.  

The master bedroom has a large dressing room, 3 closets and a separate bathroom.

Wonderful beach views from this Galt Ocean Mile condo in The Commodore
Wonderful beach views from this Galt Ocean Mile condo in The Commodore

The Commodore
Sales Last 6 Months

There have been 5 closed sales here in the Commodore over the last 6 months – this is down from 7 closed sales in our last 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 / 2 1,503 $448,000
Med 1 / 1 1,401 $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 – this is the same as in our last post!

In our prior 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.

View from a 2 Bedroom condo recently sold here in The Commodore
View from a 2 Bedroom condo recently sold here in The Commodore

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 1,101 $270,000 $243
2 / 2 1,687 $450,000 $267
3 / 2 2,123 $970,000 $457

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

  • 1 Bedroom units sold has been $270,000this being for a 1 bedroom 1 bathroom unit of 1101 square feet with a sales price to square foot price of $243.00.  In our last post the median price for 1 Bedroom units was a little higher at $275,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a sales price to square foot price of $250.00.
  • 2 Bedroom units sold has been $450,000this being for a 2 bedroom 2 bathroom unit of 1687 square feet with a sales price to square foot price of $267.00.  In our last post the median price for 2 Bedroom units was much lower at $369,000 – this being for a 2 bedroom 2 bathroom unit of 1684 square feet with a sales price to square foot price of $219.00.
  • 3 Bedroom units sold has been $970,000 – this being for a 3 bedroom 2 bathroom unit of 2123 square feet with a sales price to square foot price of $457.00.  In our last post the median price for 3 Bedroom units was much lower $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 $238
Avg $293
Med $262


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 $262.00 per square foot.

It is important to note that in our last post the median sales price to square foot price was $257.00!

% 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 94%
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 2 posts.

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 163
Med 103

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in The Commodore is 163 days

We can also see that the median days on market is 103 days – up from 84 days 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 each of the condos sold over the last 6 months here in The Commodore

Condo  Beds/Baths SF/FF Sale Price
Unit1407 3 / 2 2,123 $970,000
Unit1112 2 / 2 1,687 $450,000
Unit 910 1 / 1 1,115 $265,000
Unit1504 1 / 1 1,088 $285,000
Unit1403 1 / 1 1,112 $270,000

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 1407 a luxury 3 bedroom condo which sold for $970,000

This 3 bedroom 2 bathroom 2123 square foot condo had a sales price to square foot price of $457.00

Unit 1407 had 37 days on market and sold for 97% of its list price.

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 really great selection of condo units for sale – especially 2 bedroom units.

Prices for 2 bedroom direct oceanfront units here in The Commodore are very attractive with a median price of $489,000.

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