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 June / July 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 $872,000 – up from our last 2 posts!
    – 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 / 1 953 $749,999 $792.00
2 / 2 1630 $754,500 $466.00
3 / 3 2459 $1,149,000 $457.00
4 / 3 3274 $1,200,000 $400.00

We can see from this report that:

  • The median price for Fort Lauderdale Luxury 1 Bedroom condos for sale is $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 – In our last post the median price for Luxury 1 Bedroom condos for sale was the same at $749,999 – this being for a 1 bedroom 1 bathroom luxury condo unit of 918 square feet with a list price to square foot price of $827.00
  • The median price for Fort Lauderdale Luxury 2 Bedroom condos for sale is $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 – In our last post the median price for Luxury 2 Bedroom condos for sale was lower at $700,000 – this being for a 2 bedroom 2 bathroom luxury condo unit of 1599 square feet with a list price to square foot price of $471.00

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 over 670 square feet larger than the 1 bedroom unit

  • The median price for Fort Lauderdale Luxury 3 Bedroom condos for sale is $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 – In our last post the median for Luxury 3 Bedroom condos for sale was much lower at $914,500 – this being for a 3 bedroom 3 bathroom luxury unit of 2318 square feet with a list price to square foot price of $427.00
  • The median price for Fort Lauderdale Luxury 4 Bedroom condos for sale is $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 – In our last post the median for Luxury 4 Bedroom condos for sale was higher at $1,359,500 – this being for a 4 bedroom 3 bathroom luxury condo unit of 3034 square feet with a list price to square foot price of $450.00

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

Buying / Selling?
Call Me Today!

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

Click here to email me now


Luxury Condos
Pricing Analysis

Currently there are 583 luxury condos  for sale in Ft Lauderdale – units that are priced at $500,000 or more – down from our last post!

Inventory levels  are up from our April / May 2018 post on luxury Fort Lauderale condos for sale when there were 644 luxury condos for sale!

The pricing analysis report for these condos in presented below.

BEDS / BATHS LA LP$
Min 0 / 1 451 $500,000
Max 6 / 7 8329 $11,000,000
Avg 3 / 2 2181 $1,277,004
Median 3 / 2 2011 $872,000

We can see from this report that:

  • The average price for a luxury Fort Lauderdale condo in this price range is $1,277,004 – this being for a 3 bedroom 2 bathroom unit of 2181 square feet.  In our last post the average price for a luxury Fort Lauderdale condo in this price range was lower at $1,266,031 – this being for a 3 bedroom 2 bathroom unit of 2212 square feet.
  • The median price for a luxury Fort Lauderdale condo in this price range is $872,000 – this being for a 3 bedroom 2 bathroom unit of 2011 square feet.  In our last post the median price for a luxury Fort Lauderdale condo in this price range was also lower at $868,450 – this being for a 3 bedroom 2 bathroom unit of 2099 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 $180.00
Max $2,712.00
Avg $574.00
Median $481.00

We can see from this report that the:

  • Average list price to square foot price for a luxury Fort Lauderdale condo for sale is $574.00 – up from $551.00 in our last post!
  • Median list price to square foot price for a luxury Fort Lauderdale condo for sale is $481.00  – up from $469.00 as in our last post! 

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

View luxury Fort Lauderdale oceanfront condo for sale
Sweeping views from this luxury Fort Lauderdale oceanfront condo for sale

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 62
$550,000 – $599,999 59
$600,000 – $699,999 76
$700,000 – $799,999 72
$800,000 – $899,999 45
$900,000 – $999,999 30
$1 Million – $2 Million 167
Over $2 Million 72
Total 583

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 167 condos currently for sale in this price range – this is down from 183 luxury condos for sale in this price range as in our last post!

View luxury 2 bedroom new construction condo for sale Las Olas Fort Lauderdale
View luxury 2 bedroom new construction condo for sale here in Las Olas Fort Lauderdale

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 31 x 1 bedroom Fort Lauderdale luxury condos for sale – this is 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 $2,400,000
Avg 1 / 1 1026 $786,919
Median 1 / 1 953 $749,999

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 1 bedroom condo currently for sale is $786,919 – this being for a 1 bedroom 1 bathroom condo of 1026 square feet with a list price to square foot price of $798.00.  
  • Median price for a Fort Lauderdale luxury 1 bedroom condo currently for sale is $749,999  this being for a 1 bedroom 1 bathroom condo of 953 square feet with a list price to square foot price of $792.00. 

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 $2,400,000.

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 232 x 2 bedroom Fort Lauderdale luxury condos for sale – this is well down from the 281 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 / 2 605 $500,000
Max 2 / 3 3080 $4,250,000
Avg 2 / 2 1674 $934,984
Median 2 / 2 1630 $754,500

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 2 bedroom condo currently for sale is $934,984 – this being for a 2 bedroom 2 bathroom condo of 1674 square feet with a list price to square foot price of $562.00
  • Median price for a Fort Lauderdale luxury 2 bedroom condo currently for sale is $754,500 this being for a 2 bedroom 2 bathroom condo of 1630 square feet with a list price to square foot price of $466.00

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 605 square feet and the largest luxury 2 bedroom condo for sale is a “sizable” 3080 square feet!

Fort Lauderdale Luxury
3 Bedroom Condos

There are currently 250 x 3 bedroom Fort Lauderdale luxury condos for sale – down from the 290 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 1100 $509,000
Max 3 / 5 5973 $11,000,000
Avg 3 / 3 2554 $1,388,682
Median 3 / 3 2459 $1,149,000

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $1,388,682– this being for a 3 bedroom 3 bathroom luxury condo of 2554 square feet with a list price to square foot price of $523.00
  • Median price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $1,149,000  this being for a 3 bedroom 3 bathroom luxury condo of 2459 square feet with a list price to square foot price of $457.00

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 1,100 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 47 x 4 bedroom Fort Lauderdale luxury condos for sale  – up slightly from 42 x luxury Fort Lauderdale 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 2011 $574,000
Max 4 / 5 7638 $7,950,000
Avg 4 / 4 3446 $2,193,116
Median 4 / 3 3274 $1,200,000

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 4 bedroom condo currently for sale is $2,193,116 – this being for a 4 bedroom 4 bathroom luxury condo of 3446 square feet with a list price to square foot price of $586.00
  • Median price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $1,200,000  this being for a 4 bedroom 3 bathroom luxury condo of 3274 square feet with a list price to square foot price of $400.00

We can also see from this report that the lowest price for a 4 bedroom condo for sale is $574,000 and the highest price is $7,950,000.

Interesting to note is that the smallest luxury 4 bedroom condo for sale is 2011 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.

It is important to note that even with median prices for luxury condos overall on the rise – prices still seem quite soft!

There are also many motivated sellers in the luxury market right now!

In my mind our “soft market” is a direct result of the increased number of new construction luxury condo units currently for sale.

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

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