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L’Hermitage Condos

L’Hermitage Galt Ocean Mile
Condos for Sale

Welcome to our February / March 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 – 6 of which are new listings. 

There are 6 condos currently pending sale.

There have been 7 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 $679,900 – $6,900,000

Median Prices

  • Median List Price $1,199,900
    – for a 3 bedroom 2 bathroom unit
  • Median Sales Price $1,280,000
    – for a 3 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $651.00
  • Sales to List Price 91%
  • Days on Market 167 Days
View luxury L'Hermitage Galt Ocean Mile Condos - here on Galt Ocean Mile
View luxury L’Hermitage Galt Ocean Mile Condos – here on Galt Ocean Mile

L’Hermitage
Condos for Sale

There are currently 23 x L’Hermitage Galt Ocean Mile condos for sale – The number of L’Hermitage Galt Ocean Mile condos for sale this month is up from 19 units for sale as in our last post for Dec 2017 / Jan 2018.

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

BEDS / BATHS LA LP$
Min 2 / 2 1537 $679,900
Max 6 / 5 4938 $6,900,000
Avg 3 / 3 2400 $2,061,152
Median 3 / 2 2086 $1,199,900

This report shows us that the median price for a luxury oceanfront condo here in L’Hermitage is $1,199,900 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.

In our last 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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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 1632 $975,000 $590.80
3 / 2 2086 $1,290,000 $606.64
4 / 4 4387 $5,149,000 $1,174.85
5 / 4 4938 $4,750,000 $961.93
6 / 4 4475 $5,900,000 $1,094.97

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

  • 2 Bedroom 2 Bathroom units for sale is $975,000 – this being for a unit of 1632 square feet with a list price to square foot price of $591.00
  • 3 Bedroom 2 Bathroom units for sale is $1,290,000 – this being for a unit of 2086 square feet with a list price to square foot price of $607.00
  • 4 Bedroom 4 Bathroom units for sale is $5,149,000 – this being for a unit of 4387 square feet with a list price to square foot price of $1,175.00
  • 5 Bedroom 4 Bathroom units for sale is $4,750,000 – this being for a unit of 4938 square feet with a list price to square foot price of $962.00
  • 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 6 new listings of L’Hermitage Galt Ocean Mile condos for sale in the last 30 days.

This is well up from our last post for December 2017 / January 2018 when there was just 1 new listing – which in turn was up from our October / November 2017 post when there were no new listings over the past 30 days.

Our market summary report for these 6 units is presented below.

CONDO BEDS / BATHS LA LP$
PH 2808 6 / 4 4938 $6,900,000
Unit 1009/1005 6 / 5 4475 $4,900,000
PH 2708 5 / 4 4938 $4,750,000
Unit 2207 3 / 2 2332 $1,349,000
Unit 2105 2 / 2 1634 $975,000
Unit 306 2 / 2 1634 $799,000

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

Penthouse 2808 a 6 bedroom luxury L’Hermitage condo has just been listed for sale for $6,900,000this 6 bedroom 4 bathroom 4938 square foot unit has a list price to square foot price of $1,397.00

Unit 1009 / 1005 a 6 bedroom luxury L’Hermitage condo has just been listed for sale for $4,900,000this 6 bedroom 5 bathroom 4475 square foot unit has a list price to square foot price of $1,095.00

Penthouse 2708 a 5 bedroom luxury L’Hermitage condo has just been listed for sale for $4,750,000this 5 bedroom 4 bathroom 4938 square foot unit has a list price to square foot price of $962.00

Unit 2207 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $1,349,000this 3 bedroom 2 bathroom 2332 square foot unit has a list price to square foot price of $578.00

Unit 2015 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $975,000this 2 bedroom 2 bathroom 1634 square foot unit has a list price to square foot price of $597.00

Unit 306 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $799,000this 2 bedroom 2 bathroom 1634 square foot unit has a list price to square foot price of $489.00

L’Hermitage
Pending Sales

There are currently 6 luxury L’Hermitage Galt Ocean Mile condos pending sale here – In our last post there were 4 luxury condos pending sale.

Our market summary report for these units is presented below

BEDS / BATHS LA LP$
Min 3 / 2 1977 $949,000
Max 3 / 3 2762 $1,995,000
Avg 3 / 3 2395 $1,477,983
Median 3 / 3 2328 $1,449,450

We can see from this report that the median price for one of the 6 L’Hermitage Galt Ocean Mile condos pending sale is $1,449,450this being for a 3 bedroom 3 bathroom 2328 square foot unit with a list price to square foot price of $625.00

It is very important to note is the median days on market for these units pending sale at just 47 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…

CONDO BEDS / BATHS LA LP$
Unit 310 3 / 3 2661 $1,995,000
Unit 1509 3 / 3 2762 $1,850,000
Unit 1901 3 / 2 2318 $1,499,900
Unit 1601 3 / 3 2318 $1,399,000
Unit 1702 3 / 2 2338 $1,175,000
Unit 504 3 / 3 1977 $949,000

We can see from this report that

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 1509 a 3 bedroom L’Hermitage condo listed for sale for $1,850,000 is now pending salethis 3 bedroom 3 bathroom 2762 square foot unit has a list price to square foot price of $669.80

Unit 1901 a 3 bedroom L’Hermitage condo listed for sale for $1,499,900 is now pending salethis 3 bedroom 2 bathroom 2318 square foot unit has a list price to square foot price of $647.00

Unit 1601 a 3 bedroom L’Hermitage condo listed for sale for $1,399,000 is now pending salethis 3 bedroom 3 bathroom 2318 square foot unit has a list price to square foot price of $604.00

Unit 1702 a 3 bedroom L’Hermitage condo listed for sale for $1,175,000 is now pending salethis 3 bedroom 2 bathroom 2338 square foot unit has a list price to square foot price of $503.00

Unit 504 a 3 bedroom L’Hermitage condo listed for sale for $949,000 is now pending salethis 3 bedroom 3 bathroom 1977 square foot unit has a list price to square foot price of $480.00

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 7 x Luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 monthsdown from our last post!

In our last post there were 9 x L’Hermitage Galt Ocean Mile condos sold over the preceding 6 month period.

The market analysis report for these 7 units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1537 $725,000
Max 3 / 4 2845 $2,250,000
Avg 3 / 2 2198 $1,322,142
Median 3 / 2 2318 $1,280,000

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 $1,322,142 – this being for a 3 bedroom 2 bathroom unit of 2198 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 $1,280,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet.

In our post for December 2017 / January 2018 the median price of a condo sold in L’Hermitage over the last 6 months was $1,000,000 – this being for a 2 bedroom 2 bathroom unit of 2055 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 SP$ SP$/SqFt
2 / 2 1927 $1,140,000 $601.00
3 / 2 2318 $1,300,000 $658.00

We can see from this report that that the median sales price 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 – In our last post the median for 2 Bedroom L’Hermitage condos was a “huge” $210,000 less at $930,000 – this being for a 2 bedroom 2 bathroom unit of 1537 square feet with a sales price to square foot price of $552.00
  • 3 Bedroom 2 Bathroom units sold has been $1,300,000 – this being for a unit of 2318 square feet with a list price to square foot price of $658.00.  In our last post the median for 3 Bedroom L’Hermitage condos was $179,500 higher at $1,479,500 – this being for a unit of 2318 square feet with a list price to square foot price of $638.00.

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 $791.00
Avg $595.00
Median $651.00

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 $651.00 per square foot

It is important to note that median sales prices per square foot over the last 6 months is up from $552.00 as in our last post!

Also important to note is the highest price paid at $791.00!

% 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 85%
Max 98%
Avg 92%
Median 91%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in L’Hermitage  has been 91%

It is important to note that this is down from 93% 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 91% of that amount or $1,183,000.

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 71
Max 570
Avg 241
Median 167

We can see from this report that the average days on market for a Fort Lauderdale condo for sale in L’Hermitage is 241 days or just over 6 months.

More importantly is the median days on market at 167 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
Condo Sales Itemized

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

CONDO BEDS / BATHS LA SP$
Unit 1509 3 / 4 2845 $2,250,000
Unit 1108 3 / 2 2318 $1,700,000
Unit 2803 3 / 2 1977 $1,300,000
Unit 1801 2 / 2 2318 $1,280,000
Unit 2406 2 / 2 1537 $1,000,000
Unit 1102 3 / 2 2338 $1,000,000
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 unit 1509 a 3 bedroom condo which sold for $2,250,000.

Unit 1509 was a 3 bedroom 4 bathroom luxury condo of 2845 square feet and sold with a sales price to square foot price of $791.00

Unit 1509 sold for 90% of list price and had 167 days on market or just under 6 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 and a mix of 2, 3, 4 , 5 and even 6 bedroom units for sale.

It is important to note that median prices for L’Hermitage Galt Ocean Mile condos are back on the rise… having softened last year!

Also important to note is the median days for units pending sale at just 47 days – which is very fast!

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

By Kevin Wirth Realtor