View of luxury L'Hermitage Fort Laudedale condos for sale - 3100 N Ocean Blvd Fort Lauderdale FL

Luxury Condos

Fort Lauderdale Luxury
& Trophy Condos

Here is our guide to Fort Lauderdale luxury condos for sale for August / September 2018

Fort Lauderdale with its oceanfront, waterfront and down town areas offers a great range of Luxury Condos & “Trophy” Condos for Sale.

Search Luxury Condos $500K Plus

Search Luxury Condos $1 Million Plus

 

Key Statistics for Buyers / Sellers

  • Prices from $500,000 – $11 Million
  • Median List Price $825,000 – down from our last post!
    – 3 Bedroom 2 Bathroom Unit
  • Median Square Foot Price $481.00

Luxury Condos
Prices by Bedroom

Here is our market summary report for Fort Lauderdale Luxury condos for sale by median price / bedroom

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 905 $735,000 $796.00
2  / 2 1630 $769,000 $472.00
3 / 3 2400 $992,450 $449.00
4 / 3 3199 $1,147,000 $393.00

We can see from this report that:

  • The median price for Fort Lauderdale Luxury 1 Bedroom condos for sale is $735,000 – this being for a 1 bedroom 1 bathroom luxury condo unit of 905 square feet with a list price to square foot price of $796.00 – In our last post the median price for Luxury 1 Bedroom condos for sale was higher at $749,999 – this being for a 1 bedroom 1 bathroom luxury condo unit of 953 square feet with a list price to square foot price of $792.00
  • The median price for Fort Lauderdale Luxury 2 Bedroom condos for sale is $769,000 – this being for a 2 bedroom 2 bathroom luxury condo unit of 1630 square feet with a list price to square foot price of $471.00 – In our last post the median price for Luxury 2 Bedroom condos for sale was lower at $754,500 – this being for a 2 bedroom 2 bathroom luxury condo unit of 1630 square feet with a list price to square foot price of $466.00

It is important to note that the median price for 1 and 2 bedroom pet friendly condos for sale are very close – yet the 2 bedroom unit is 725 square feet larger than the 1 bedroom unit

  • The median price for Fort Lauderdale Luxury 3 Bedroom condos for sale is $992,450 – this being for a 3 bedroom 3 bathroom luxury unit of 2400 square feet with a list price to square foot price of $449.00 – In our last post the median for Luxury 3 Bedroom condos for sale was much higher at $1,149,000 – this being for a 3 bedroom 3 bathroom luxury unit of 2459 square feet with a list price to square foot price of $457.00
  • The median price for Fort Lauderdale Luxury 4 Bedroom condos for sale is $1,147,000 – this being for a 4 bedroom 3 bathroom luxury condo unit of 3199 square feet with a list price to square foot price of $393.00 – In our last post the median for Luxury 4 Bedroom condos for sale was higher at $1,200,000 – this being for a 4 bedroom 3 bathroom luxury condo unit of 3274 square feet with a list price to square foot price of $400.00

Note luxury 4 bedroom condo prices are heavily influenced by location – the number of oceanfront units and waterfront units for sale at any one time being two major factors affecting median prices.


Kevin Wirth Fort Lauderdale Realtor

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Kevin Wirth P.A.  – Realtor
954-459-0337

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Luxury Condos
Pricing Analysis

Currently there are 612 luxury condos  for sale in Ft Lauderdale – units that are priced at $500,000 or more – up from our last post!

Inventory levels  are up from our June / July 2018 post on luxury Fort Lauderale condos for sale when there were 583 luxury condos for sale!

The pricing analysis report for these 612 luxury condos for sale is presented below.

BEDS / BATHS LA LP$
Min 0 / 1 620 $500,000
Max 6 /7 8329 $11,000,000
Avg 2 / 2 2122 $1,225,691
Median 3 / 2 1979 $825,000

We can see from this report that:

  • The average price for a luxury Fort Lauderdale condo in this price range is $1,225,691 – this being for a 2 bedroom 2 bathroom unit of 2122 square feet.  In our last post the average price for a luxury Fort Lauderdale condo in this price range was $1,277,004 – this being for a 3 bedroom 2 bathroom unit of 2181 square feet.
  • The median price for a luxury Fort Lauderdale condo in this price range is $825,000 – this being for a 3 bedroom 2 bathroom unit of 1979 square feet.  In our last post the median price for a luxury Fort Lauderdale condo in this price range was higher at $872,000 – this being for a 3 bedroom 2 bathroom unit of 2011 square feet.

Luxury Condos
Square Foot Prices

An important guide for Fort Lauderdale luxury condos for sale is the average and median list price to square foot price.

Our market summary report for these is presented below.

LP$/SqFt
Min $275.00
Max $2,712.00
Avg $572.00
Median $479.00

We can see from this report that the:

  • Average list price to square foot price for a luxury Fort Lauderdale condo for sale is $572.00 – down a little from $574.00 in our last post!
  • Median list price to square foot price for a luxury Fort Lauderdale condo for sale is $479.00  – also down a little from $481.00 as in our last post! 

Note the highest square foot price for a Fort Lauderdale luxury condo for sale at $2,712.00!

View Fort Lauderdale luxury condos for sale here in Las Olas
View Fort Lauderdale luxury condos for sale here in down town Las Olas!

Luxury Condo
Inventory Analysis

The inventory analysis report is a very important and useful tool – for it shows us the breakdown of the inventory for ALL Luxury Fort Lauderdale condos for sale by price brackets or price ranges.

The inventory analysis report is presented below:

Price Range Quantity
$500,000 – $549,999 53
$550,000 – $599,999 79
$600,000 – $699,999 88
$700,000 – $799,999 79
$800,000 – $899,999 55
$900,000 – $999,999 31
$1 Million – $2 Million 157
Over $2 Million 70
Total 612

We can see from this report that by far the largest concentration of Fort Lauderdale luxury condos for sale are units priced between $1 Million – $2 Million dollars with 157 condos currently for sale in this price range – this is down from 167 luxury condos for sale in this price range as in our last post – which in turn was down from 183 luxury condos for sale in this price range as in our prior post!

View luxury 2 bedroom Fort Lauderdale condo for sale Galt Ocean Mile!
View luxury 2 bedroom Fort Lauderdale condo for sale Galt Ocean Mile!

Luxury Condos
by Bedroom

Here is our guide to Luxury Fort Lauderdale condos for sale by bedroom – we focus in detail on 1 bedroom condos right through to 3 bedrooms units.

Note: Prices for luxury 4 or more bedroom condos here in Fort Lauderdale can vary dramatically – this is a result of factors including: location (as discussed above), the building, building amenities and unit stack and unit condition and/or customization.

Fort Lauderdale Luxury
1 Bedroom Condos

There are currently 51 x 1 bedroom Fort Lauderdale luxury condos for sale – this is well up from the 31 x luxury 1 bedroom condos for sale as in our last post!

Here is our market report for Luxury Fort Lauderdale 1 bedroom condos currently for sale.

BEDS / BATHS LA LP$
Min 1 / 1 650 $524,900
Max 1 / 2 2032 $2,295,000
Avg 1 / 1 971 $764,711
Median 1 / 1 905 $735,000

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 1 bedroom condo currently for sale is $764,711 – this being for a 1 bedroom 1 bathroom condo of 971 square feet with a list price to square foot price of $793.00.  
  • Median price for a Fort Lauderdale luxury 1 bedroom condo currently for sale is $735,000  this being for a 1 bedroom 1 bathroom condo of 905 square feet with a list price to square foot price of $796.00. 

We can also see from this report that the lowest price for a luxury Fort Lauderdale 1 bedroom condo for sale is $524,900 and the highest price is $2,295,000.

Interesting to note is that the smallest luxury 1 bedroom condo for sale is just 650 square feet (these are usually Hotel Condos) and then the largest 1 bedroom condo for sale is a 2032 square feet.

Fort Lauderdale Luxury
2 Bedroom Condos

There are currently 245 x 2 bedroom Fort Lauderdale luxury condos for sale – this is up from the 232 x 2 bedroom condos for sale as in our last post!

Here is our market report for Luxury Fort Lauderdale 2 bedroom condos currently for sale.

BEDS / BATHS LA LP$
Min 2 / 2 600 $500,000
Max 2 / 3 3833 $4,250,000
Avg 2 / 2 1686 $953,663
Median 2 / 2 1630 $769,000

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 2 bedroom condo currently for sale is $953,663 – this being for a 2 bedroom 2 bathroom condo of 1686 square feet with a list price to square foot price of $570.00
  • Median price for a Fort Lauderdale luxury 2 bedroom condo currently for sale is $769,000 this being for a 2 bedroom 2 bathroom condo of 1630 square feet with a list price to square foot price of $472.00

We can also see from this report that the lowest price for a 2 bedroom condo for sale is $500,000 and the highest price is $4,250,000.

Interesting to note is that the smallest luxury 2 bedroom condo for sale is just 600 square feet and the largest luxury 2 bedroom condo for sale is a “sizable” 3833 square feet!

Fort Lauderdale Luxury
3 Bedroom Condos

There are currently 258 x 3 bedroom Fort Lauderdale luxury condos for sale – up a little from the 250 x 3 bedroom luxury Fort Lauderdale condos for sale as in our last post!

Here is our market report for Luxury Fort Lauderdale 3 bedroom condos currently for sale.

BEDS/ BATHS LA LP$
Min 3 / 2 1264 $509,000
Max 3 / 5 5973 $11,000,000
Avg 3 / 3 2499 $1,330,701
Median 3 / 3 2400 $992,450

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $1,380,701– this being for a 3 bedroom 3 bathroom luxury condo of 2499 square feet with a list price to square foot price of $519.00
  • Median price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $992,450  this being for a 3 bedroom 3 bathroom luxury condo of 2400 square feet with a list price to square foot price of $449.00

We can also see from this report that the lowest price for a 3 bedroom condo for sale is $509,000 and the highest price is $11 Million!

Interesting to note is that the smallest luxury 3 bedroom condo for sale is just 1,264 square feet (typically these are Hotel Condos) and the largest 3 bedroom luxury condo for sale is another “very sizable” unit of 5973 square feet condo! 

Fort Lauderdale Luxury
4 Bedroom Condos

There are currently 46 x 4 bedroom Fort Lauderdale luxury condos for sale  – down ever so slightly from the 47 x luxury 4 bedroom condos for sale as in our last post!

Here is our market report for Luxury Fort Lauderdale 4 bedroom condos currently for sale.

BEDS / BATHS LA LP$
Min 4 / 2 2000 $554,900
Max 4 / 5 7638 $7,700,000
Avg 4 / 3 3249 $2,121,143
Median 4 / 3 3199 $1,147,000

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 4 bedroom condo currently for sale is $2,121,143 – this being for a 4 bedroom 4 bathroom luxury condo of 3249 square feet with a list price to square foot price of $567.00
  • Median price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $1,147,000  this being for a 4 bedroom 3 bathroom luxury condo of 3199 square feet with a list price to square foot price of $393.00

We can also see from this report that the lowest price for a 4 bedroom condo for sale is $554,900 and the highest price is $7,700,000.

Interesting to note is that the smallest luxury 4 bedroom condo for sale is 2000 square feet (typically these are Hotel Condos) and the largest 4 bedroom luxury condo for sale is a “massive” 7638 square feet condo! 

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Fort Lauderdale offers an amazing range of luxury condos for sale – with options from downtown units to Intracoastal units to oceanfront units.

Median prices overall are down from last month!

The luxury market has been somewhat soft over the last year or so as more and more luxury new construction units are offered for sale!

I hope you have enjoyed my post on Fort Lauderdale luxury condos for sale 

Kevin Wirth P.A. Realtor – 954-459-0337