Ocean views L'Hermitage 3100 N Ocean Blvd Fort Lauderdale condo for sale

L’Hermitage Condos

L’Hermitage Galt Ocean Mile
Condos for Sale

Welcome to our April / May 2018 Blog on Luxury L’Hermitage Galt Ocean Mile Condos for Sale Fort Lauderdale

Fort Lauderdale condos for sale here in L’Hermitage 3100 N Ocean Blvd Galt Ocean Mile offer direct oceanfront units set right on the Beachfront.

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At the time of writing this Blog there are 23 x Luxury L’Hermitage Galt Ocean Mile condos for sale – 2 of which are new listings. 

There are 7 condos currently pending sale.

There have been 11 sales of luxury condos in the L’Hermitage complex 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 %), we also review the highest square foot prices paid over the last 6 months.

We also discuss recent sales trends in L’Hermitage – Important information for both buyers and sellers!

L’Hermitage Galt Ocean Mile
Key Statistics
L Hermitage Condo Condominium complex in Fort Lauderdale, Florida
Address: 3100 N Ocean Blvd, Fort Lauderdale, FL 33308 &  3200 N Ocean Blvd, Fort Lauderdale, FL 

Condos for Sale

  • Prices from $665,000 – $6,900,000

Median Prices

  • Median List Price $1,199,000
    – for a 3 bedroom 2 bathroom unit
  • Median Sales Price $1,115,000
    – for a 3 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $535.00
  • Sales to List Price 92%
  • Days on Market 160 Days
View L'Hermitage 3100 N Ocean Blvd Fort Lauderdale
View of L’Hermitage condominium 3100 N Ocean Blvd Fort Lauderdale, Florida

L’Hermitage
Condos for Sale

There are currently 23 x L’Hermitage Galt Ocean Mile condos for sale – This is that same number of L’Hermitage Galt Ocean Mile condos for sale as in our last post for Feb / March 2018.

The market analysis report for these 23 x luxury condos for sale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1537 $665,000
Max 6 / 5 4475 $6,900,000
Avg 3 / 3 2221 $1,854,500
Median 3 / 2 1977 $1,199,000

This report shows us that the median price for a luxury oceanfront condo here in L’Hermitage is $1,199,000 – this being for a 3 bedroom 2 bathroom unit of 1977 square feet.

In our last post for February / March 2018 the median price for a L’Hermitage Galt Ocean Mile condo for sale was almost the same at $1,199,900 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.

In our prior post for December 2017 / January 2018 the median price for a L’Hermitage Galt Ocean Mile condo for sale was almost $25,000 lower at $1,175,000 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!

Kevin Wirth P.A Realtor
Galt Ocean Mile Specialist
954-459-0337

email: kevinsellsmore@gmail.com

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View Galt Ocean Mile New Listings

Luxury L’Hermitage
Condos by Bedroom

Here is our market analysis report for L’Hermitage Galt Ocean Mile condos for sale – showing median prices by bedroom for all the units currently for sale.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1630 $924,450 $558.00
3 / 2 2332 $1,409,950 $635.00
4 / 4 4475 $4,999,000 $1,117.00
6 / 4 4475 $5,900,000 $1,095.00

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

  • 2 Bedroom 2 Bathroom units for sale is $924,450 – this being for a unit of 1630 square feet with a list price to square foot price of $558.00
  • 3 Bedroom 2 Bathroom units for sale is $1,409,950 – this being for a unit of 2332 square feet with a list price to square foot price of $635.00
  • 4 Bedroom 4 Bathroom units for sale is $4,999,000 – this being for a unit of 4475 square feet with a list price to square foot price of $1,117.00
  • 6 Bedroom 4 Bathroom units for sale is $5,900,000 – this being for a unit of 4475 square feet with a list price to square foot price of $1,095.00

L’Hermitage
New Luxury Listings

There have been just 2 new listings of L’Hermitage Galt Ocean Mile condos for sale in the last 30 days.

This is well down from our last post for February / March 2018 when there was 6 new listings

Our market summary report for these 2 units is presented below.

BEDS / BATHS LA LP$
Unit 602 3 / 2 2332 $1,360,000
Unit 2506 2 / 2 1537 $1,100,000

We can see from this report the details for each unit:

Unit 602 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $1,360,000this 3 bedroom 2 bathroom 2332 square foot unit has a list price to square foot price of $583.00

Unit 602 offers direct ocean views and features a private elevator and two terraces.  The unit is currently a 2 bedroom condo with an open den that can easily be enclosed to make a formal 3rd bedroom.  Other features include: Marble floors and a guest room that has a Murphy bed. This luxury condo is in “Immaculate” condition!

Unit 2506 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $1,100,000this 2 bedroom 2 bathroom 1537 square foot unit has a list price to square foot price of $716.00

Unit 2506 is a “decorator model” with panoramic views of ocean, the coastline, the city and the Intra-coastal .   The unit has a South-East exposure for all day sun on huge terrace. The unit features an open kitchen and the furnishings are negotiable!

View L'Hermitage Fort Lauderdale Penthouse 2708 Pending Sale
Sweeping views from L’Hermitage Fort Lauderdale Penthouse 2708 Pending Sale

L’Hermitage
Pending Sales

There are currently 7 x luxury L’Hermitage Galt Ocean Mile condos pending sale here – In our last post there were 6 x luxury L’Hermitage condos pending sale.

Our market summary report for these units is presented below

BEDS / BATHS LA LP$
Min 2 / 2 2086 $998,000
Max 5 / 4 4938 $4,750,000
Avg 3 / 3 2726 $2,048,557
Median 3 / 2 2332 $1,499,000

We can see from this report that the median price for one of the 7 L’Hermitage Galt Ocean Mile condos pending sale is $1,499,000this being for a 3 bedroom 2 bathroom 2332 square foot unit with a list price to square foot price of $647.00

It is very important to note is the median days on market for these units pending sale at just 46 days– which is well down from 299 days or almost 10 months as in our last post for December 2017 / January 2018!

Pending Sales
By Unit

Here is our market analysis report for the luxury L’Hermitage condos currently pending sale by unit…

BEDS / BATHS LA LP$
PH 2708 5 / 4 4938 $4,750,000
Unit 2210 3 / 2 2661 $2,599,000
Unit 310 3 / 3 2661 $1,995,000
Unit 2401 3 / 3 2318 $1,499,000
Unit 2207 3 / 2 2086 $1,349,000
Unit 1602 3 / 2 2086 $1,149,900
Unit 302 2 / 2 2332 $998,000

We can see from this report that

Penthouse Unit 2708 a 5 bedroom L’Hermitage condo listed for sale for $4,750,000 is now pending salethis 5 bedroom 4 bathroom 4938 square foot unit has a list price to square foot price of $962.00

Unit 2210 a 3 bedroom L’Hermitage condo listed for sale for $2,599,000 is now pending salethis 3 bedroom 2 bathroom 2661 square foot unit has a list price to square foot price of $977.00

Unit 310 a 3 bedroom L’Hermitage condo listed for sale for $1,995,000 is now pending salethis 3 bedroom 3 bathroom 2661 square foot unit has a list price to square foot price of $750.00

Unit 2401 a 3 bedroom L’Hermitage condo listed for sale for $1,499,000 is now pending salethis 3 bedroom 3 bathroom 2318 square foot unit has a list price to square foot price of $647.00

Unit 2207 a 3 bedroom L’Hermitage condo listed for sale for $1,349,000 is now pending salethis 3 bedroom 2 bathroom 2086 square foot unit has a list price to square foot price of $647.00

Unit 1602 a 3 bedroom L’Hermitage condo listed for sale for $1,149,900 is now pending salethis 3 bedroom 2 bathroom 2086 square foot unit has a list price to square foot price of $551.00

Unit 302 a 3 bedroom L’Hermitage condo listed for sale for $998,000 is now pending salethis 3 bedroom 2 bathroom 2332 square foot unit has a list price to square foot price of $428.00

View Luxury 3 Bedroom Galt Ocean Mile condo recently sold L'Hermitage Fort Lauderdale
View Luxury 3 Bedroom Galt Ocean Mile condo recently sold L’Hermitage Fort Lauderdale

L’Hermitage Condos
Sales Last 6 Months

There have been 11 x Luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 monthswell up from our last post!

In our last post there were 7 x L’Hermitage Galt Ocean Mile condos sold over the preceding 6 month period.

The market analysis report for these 11 units is presented below.

BEDS / BATHS LA SP$
Min 3 / 2 1977 $725,000
Max 4 / 5 4299 $5,050,000
Avg 3 / 3 2414 $1,493,181.
Median 3 / 2 2318 $1,115,000

We can see from this report that the average price of a Galt Ocean Mile condo sold in L’Hermitage over the last 6 months has been $1,493,181 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet.

We can also see from this report that the median price of a condo sold in L’Hermitage over the last 6 months has been $1,115,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet.

In our post for February / March 2018 the median price of a condo sold in L’Hermitage over the last 6 months was higher at $1,280,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet.

L’Hermitage Condos
Sales Prices by Bedroom

Here is our market summary report showing sales prices for L’Hermitage Galt Ocean Mile condos sold over the last 6 months by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
3 / 2 2202 $1,262,450 $589.00
4 / 5 4299 $5,299,000 $1,233.00

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

  • There have been on 2 Bedroom L’Hermitage condos sold over the last 6 months – In our last post the median for 2 Bedroom L’Hermitage condos was $1,140,000 – this being for a 2 bedroom 2 bathroom unit of 1927 square feet with a sales price to square foot price of $601.00
  • 3 Bedroom 2 Bathroom units sold has been $1,262,450 – this being for a unit of 2202 square feet with a list price to square foot price of $589.00.  In our last post the median for 3 Bedroom L’Hermitage condos was higher at $1,300,000 – this being for a unit of 2318 square feet with a list price to square foot price of $658.00.
  • 4 Bedroom 5 Bathroom units sold has been $5,299,000 – this being for a unit of 4229 square feet with a list price to square foot price of $1,233.00.  There have been no 4 bedroom units sold as in our prior post!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for L’Hermitage Galt Ocean Mile condos over the last 6 months.

SP$/SqFt
Min $353.00
Max $1175.00
Avg $569.00
Median $535.00

We can see from this report that the median sales price to square foot price paid for a L’Hermitage condo sold over the last 6 months has been $535.00 per square foot

It is important to note that median sales prices per square foot over the last 6 months is down from $651.00 as in our last post!

Also important to note is the highest price paid at $1,175.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for L’Hermitage Galt Ocean Mile Condos for sale 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 76%
Max 98%
Avg 91%
Median 92%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in L’Hermitage  has been 92%

It is important to note that this is up from 91% in our last post!

This means if a Luxury Fort Lauderdale condo for sale here in L’Hermitage is listed at $1,300,000 – then based on median sales data the condo could be expected to sell for 92% of that amount or $1,196,000.

Days on Market

Days on market for L’Hermitage Galt Ocean Mile condos for sale is an important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months

DOM
Min 16
Max 461
Avg 177
Median 160

We can see from this report that the average days on market for a Fort Lauderdale condo for sale in L’Hermitage is 177 days or just over 6 months.

More importantly is the median days on market at 160 days or just under 6 months!  

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

L'Hermitage Galt Ocean Mile Fort Lauderdale Florida
View of L’Hermitage condominium here on Galt Ocean Mile in Fort Lauderdale Florida

L’Hermitage
Condo Sales Itemized

Here is the data for each of the luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months 

BEDS / BATHS LA SP$
PH 2709 4 / 5 4299 $5,050,000
Unit 1509 3 / 3 2762 $1,785,000
Unit 1901 3 / 2 2318 $1,375,000
Unit 2803 3 / 2 1977 $1,300,000
Unit 1707 3 / 2 2086 $1,150,000
Unit 1402 3 / 2 2086 $1,115,000
Unit 1601 3 / 3 2318 $1,065,000
Unit 1102 3 / 2 2338 $1,000,000
Unit 1702 3 / 2 2338 $985,000
Unit 504 3 / 3 1977 $875,000
Unit 307 3 / 2 2055 $725,000

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 Penthouse 2709 a 4 bedroom luxury condo which sold for $5,050,000.

Penthouse 2709 was a 4 bedroom 5 bathroom luxury condo of 4299 square feet and sold with a sales price to square foot price of $1,175.00

Penthouse 2709 sold for 95% of list price and had 269 days on market or just under 9 months!

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

L’Hermitage Galt Ocean Mile condos for sale are “absolute” direct oceanfront condos set right on the beach in Fort Lauderdale.

We have a great range of luxury condos currently for sale – with 23 units on offer with an excellent mix of 3 bedroom units for sale.

We also have some exceptional high end units on offer too!

I hope you have enjoyed my post on Luxury Fort Lauderdale condos for sale here in  L’Hermitage

By Kevin Wirth Realtor