The Commodore Galt Ocean Mile condos for sale Fort Lauderdale

The Commodore Condos

The Commodore
Fort Lauderdale

Welcome to our October / November 2017 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.

 

Search Commodore Condos for Sale

 

There are currently 6 condo units for sale in Commodore – 1 of which is a new listing!

5 units have been sold over the last 6 months. 

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 $309,000 – $575,000

Median Sales Prices

  • Sales Price last 6 Months $300,000
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $249.00
  • Median Sales to List Price 91%
  • Days on Market 117 Days
View of Galt Ocean Mile condos from The Commodore Fort Lauderdale
View of Galt Ocean Mile condos from The Commodore Fort Lauderdale

Commodore
Condos for Sale

The following market report is for the 6 x Galt Ocean Mile condos for sale in The Commodore Fort Lauderdale.

This is the same number of condos for sale as per our last post on The Commodore condos for sale for August / September 2017

BEDS / BATHS LA LP$
Min 1 / 1 1088 $309,000
Max 2 / 2 1635 $575,000
Avg 1 / 1 1190 $371,000
Median 1 / 1 1106 $337,000

We can see from this market report that the average price for a direct oceanfront condo for sale here in The Commodore is $371,000 – this being for a 1 bedroom 1 bathroom 1106 square foot unit with a list price to square foot price of $304.00

We can also see that the median price for a Commodore condo for sale is $337,000 – this being for a 1 bedroom 1 bathroom 1106 square foot unit with a list price to square foot price of $304.00

It is important to note that median prices are down from our last 2 posts!

In our last post for August / September 2015 the median price for a Commodore condo for sale was higher at $344,000 – this being for a 1 bedroom 1 bathroom 1106 square foot unit with a list price to square foot price of $314.00 

In our last post for June / July 2015 the median price for a Commodore condo for sale was higher at $397,000 – this being for a 1 bedroom 1 bathroom 1112 square foot unit with a list price to square foot price of $308.00

Note: The lowest priced unit for sale is offered for sale $309,000 – this being for a 1 bedroom 1 bathroom unit of 1,100 square feet!

The highest priced unit for sale is offered for sale $575,000 – this being for a 1 bedroom 1 bathroom unit of 1,949 square feet!

View from The Commodore condo for sale Galt Ocean Mile Fort Lauderdale
View from The Commodore condo for sale Galt Ocean Mile Fort Lauderdale

Commodore Condos
Pricing Guide

Here are the median prices for The Commodore condos for sale here on Galt Ocean Mile in Fort Lauderdale.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1103 $325,000 $293.00
2 / 2 1635 $575,000 $352.00

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

  • 1 Bedroom condos for sale in The Commodore for sale is $325,000this being for a 1 bedroom 1 bathroom unit of 1103 square feet with a list price to square foot price of $293.00 – In our last post the median for 1 Bedroom units for sale was $14,000 higher at $339,000 – this being for a 1 bedroom 1 bathroom unit of 1103 square feet with a list price to square foot price of $312.00
  • 2 Bedroom condos for sale in The Commodore for sale is $575,000 – this being for a 2 bedroom 2 bathroom unit of 1635 square feet with a list price to square foot price of $352.00 – In our last post the median for a 2 Bedroom units for sale was the same at $575,000 – this being for a 2 bedroom 2 bathroom unit of 1635 square feet with a list price to square foot price of $352.00

The Commodore
New Condo Listings

There have been no new listing of Galt Ocean Mile condos for sale here in The Commodore in the last 30 days

In our last post there was 1 new listing Condo 1704 which was listed for sale for $339,000 – this 1 bedroom 1 bathroom 1088 square foot unit has a list price to square foot price of $312.00

This Galt Ocean Mile condo is a 1 bedroom 1.5 bathroom unit that was fully renovated just 3 years ago! – The unit has a washer and dryer and impact windows.


Kevin Wirth Fort Lauderdale Realtor

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Kevin Wirth – Realtor
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Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

The Commodore
Pending Sales

There are no condos pending sale here in The Commodore – this is the same as in our last post!

The Commodore
Sales Last 6 Months

There have been just 3 closed sales here in the Commodore over the last 6 months.

It is important to note that this is down from 5 closed sales as in our last post which in turn was down from 6 closed sales in our prior post which in turn was down from 8 closed sales in our earlier post!

The market analysis report for these 3 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1109 $222,500
Max 2 / 2 1949 $685,000
Avg 1 / 1 1390 $402,500
Median 1 / 1 1112 $300,000

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$300,000 – this being for a 2 bedroom 2 bathroom unit of 1659 square feet – the same as in our last post!

It is important to note that while the median sales price is the same as in our last post – it is down $55,000 from our last prior 2 posts!

In our prior post the median for 1 bedroom condos sold here in the Commodore over the last 6 months was $324,000 – this being for a 2 bedroom 2 bathroom unit of 1659 square feet.

In our earlier post the median for 1 bedroom condos sold here in the Commodore over the last 6 months was $355,000 – this being for a 2 bedroom 2 bathroom unit of 1619 square feet.

View Galt Ocean Mile condo recently sold The Commodore - Unit 1106
View Galt Ocean Mile condo recently sold The Commodore – Unit 1106

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 LA SP$ SP$/SqFt
1 / 1 1110 $261,250 $235.00
2 / 2 1949 $685,000 $351.00

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

  • 1 Bedroom units sold has been $261,250 – this being for a 1 bedroom 1 bathroom unit of 1110 square feet with a sales price to square foot price of $235.00.  In our last post the median price for 1 Bedroom units was the same at $261,250 – this being for a 1 bedroom 1 bathroom unit of 1110 square feet with a sales price to square foot price of $235.00.
  • 2 Bedroom units sold has been $685,000this being for a 2 bedroom 2 bathroom unit of 1949 square feet with a sales price to square foot price of $351.00.  In our last post the median price for 2 Bedroom units was $245,000 less at $440,000 – this being for a smaller 2 bedroom 2 bathroom unit of 1769 square feet with a sales price to square foot price of $249.00.

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
Min $201.00
Max $351.00
Avg $274.00
Median $270.00

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 $270.00 per square foot – up from our last 2 posts!

In our last post the median sales price to square foot price was $249.00 and in our prior post the median was $236.00!

% 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$/LP$
Min 88%
Max 99%
Avg 93%
Median 91%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in The Commodore  has been 91% – the same as in our last post!

Despite this being the same as in our last post…

It is important to note that this is well down from 95% in our priorpost which in turn was down from 98% as in our earlier 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 91% of that amount or $364,000.

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.

DOM
Min 18
Max 224
Avg 131
Median 153

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Commodore is 153 days – well up from our last 2 posts!

In our last post the median days on market was 117 days which was up from 63 days in our prior 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 LA SP$
Unit 1106 2 / 2 1949 $685,000
Unit 903 1 / 1 1112 $300,000
Unit 205 1 / 1 1109 $222,500

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 1106 a luxury 2 bedroom unit which sold for $685,000

This 2 bedroom 2 bathroom 1949 square foot condo had a sales price to square foot price of $351.00

Unit 1106 had 224 days on market and sold for 91% 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.

We currently have some great units for sale.

We have seen a slowing of sales activity over the last 6 months – however I am confident that things will pick up – especially as we head into 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