View from one of the L'Hermitage Galt Ocean Mile condos for sale Fort Lauderdale

L’Hermitage Condos

L’Hermitage Condos for Sale
Fort Lauderdale

Welcome to our October / November 2017 Blog on Luxury L’Hermitage Condos for sale Fort Lauderdale

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

Search L’Hermitage Condos for Sale

 

At the time of writing this Blog there are 15 x Luxury L’Hermitage condos for sale Fort Lauderdale.

There are 2 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!

Key Statistics for Buyers / Sellers

Condos for Sale

  • Prices from $675,000 – $5,299,000
    – 2 Bedroom Units range from $675,000 – $1,199,900
    – 3 Bedroom Unit range from $949,000 – $2,800,000

Median Prices

  • Median List Price $1,199,900
    – for a 3 bedroom 2 bathroom unit
  • 11 Sales last 6 Months
    Median Sales Price $1,259,000
    – for a 3 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $605.00
  • Sales to List Price 91%
  • Days on Market 138 Days
View L'Hermitage condominium Galt Ocean Mile Fort Lauderdale
View luxury L’Hermitage oceanfront condominium Galt Ocean Mile Fort Lauderdale

L’Hermitage
Condos for Sale

The market analysis report for the 15 x Luxury L’Hermitage condos for sale Fort Lauderdale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1537 $675,000
Max 4 / 5 4299 $5,299,000
Avg 3 / 2 2118 $1,568,447
Median 3 / 2 1977 $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 1977 square feet.

It is important to note that in our last post for August / September 2017 when there were 17 x L’Hermitage condos for sale the median price for a luxury oceanfront condo here in L’Hermitage was lower at $1,150,000 – this being for a 3 bedroom 2 bathroom unit of 1977 square feet.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos 
View Galt Ocean Mile New Listings

Luxury L’Hermitage
Condos by Bedroom

Here is the market analysis report for luxury condos currently for sale here at L’Hermitage – showing median prices by bedroom for the most popular models.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1537 $1,024,950 $646.00
3 / 2 2031 $1,324,950 $649.00
4 / 5 4299 $5,299,000 $1,233.00

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

  • 2 Bedroom 2 Bathroom units for sale is $1,024,950 – this being for a unit of 1537 square feet with a list price to square foot price of $646.00
  • 3 Bedroom 2 Bathroom units for sale is $1,324,950 – this being for a unit of 2031 square feet with a list price to square foot price of $649.00
  • The one 4 Bedroom 5 Bathroom unit for sale is $5,299,900 – this being for a unit of 4299 square feet with a list price to square foot price of $1,233.00
View Galt Ocean Mile condos in L'Hermitage Fort Lauderdale
View Galt Ocean Mile condos in L’Hermitage Fort Lauderdale

L’Hermitage
New Luxury Listings

There have been no new listing of luxury Fort Lauderdale condo here in L’Hermitage in the last 30 days.

This is the same number of new listings as in our last post for August / September 2017!

L’Hermitage
Pending Sales

There are currently just 2 luxury Galt Ocean Mile condos pending sale here in L’Hermitage Fort Lauderdale

In our last post there were also just 2 luxury condos pending sale here in L’Hermitage Fort Lauderdale – these being units 310 and 1108 both 3 bedroom luxury condos!

Our market analysis report for these units is presented below

CONDO BEDS / BATHS LA LP$
Unit 310 3 / 3 2661 $1,995,000
Unit 307 3 / 2 2055 $739,000

We can see from this report the details for both of these luxury condos.

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 310 is a masterfully redesigned oceanfront condo offering an expansive private wrap-around terrace.   This condo feels like a beach house with private elevator and direct access to pools, spas and ocean.

Unit 310 is a spacious 3 bedroom, 3.5 bathroom with luxurious finishes & marble floors

Unit 307 also a 3 bedroom L’Hermitage condo listed for sale for $739,000 is now pending salethis 3 bedroom 2 bathroom 2055 square foot unit has a list price to square foot price of $360.00

Unit 360 is a magnificent residence with an expansive terrace.  The unit is set on the pool level and features: travertine marble floors, solid wood cabinets and doors.

You will love unit 307’s expansive patio – which is a private garden oasis!

View from a Galt Ocean Mile condo recently sold in L'Hermitage - Unit 1509
View from a Galt Ocean Mile condo recently sold in L’Hermitage – Unit 1509

L’Hermitage Condos
Sales Last 6 Months

There have been 11 x L’Hermitage Luxury condos sold here in Fort Lauderdale sold in the last 6 months.

In our last post for August / September there were also 11 x L’Hermitage condos sold over the preceeding 6 month period.

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

BEDS / BATHS LA SP$
Min 2 / 2 1537 $535,000
Max 3 / 4 2845 $2,250,000
Avg 3 / 2 2097 $1,265,227
Median 3 / 2 2318 $1,259,000

We can see from this report that the median price of a condo sold in L’Hermitage over the last 6 months has been $1,259,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet.

In our post for August / September 2017 the median price of a condo sold in L’Hermitage over the last 6 months was lower at $1,065,400 – this however was for a 2 bedroom 2 bathroom unit of 1982 square feet.

L’Hermitage Condos
Sales Prices by Bedroom

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

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1537 $865,000 $536.00
3 / 3 2588 $1,700,000 $700.00

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

  • 2 Bedroom L’Hermitage condos was $865,000 – this being for a 2 bedroom 2 bathroom unit of 1537 square feet with a sales price to square foot price of $536.00 – In our last post the median for 2 Bedroom L’Hermitage condos was over $32,000 lower at $832,500 – this being for a 2 bedroom 2 bathroom unit of 1583 square feet with a sales price to square foot price of $516.00
  • 3 Bedroom 2 Bathroom units sold has been $1,700,000 – this being for a unit of 2588 square feet with a list price to square foot price of $700.00.  In our last post the median for 3 Bedroom L’Hermitage condos was $350,000 lower at $1,350,000 – this being for a unit of 2453 square feet with a list price to square foot price of $610.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in L’Hermitage over the last 6 months.

SP$/SqFt
Min $346.00
Max $791.00
Avg $584.00
Median $605.00

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 $605.00 per square foot

It is important to note that median sales prices per square foot over the last 6 months are well up from $537.00 as in our prior 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 Fort Lauderdale Condos for sale here in L’Hermitage – 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 100%
Avg 92%
Median 91%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in L’Hermitage  has been 91% –down from a median of 94% 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 Condos for Sale in L’Hermitage 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 1
Max 570
Avg 205
Median 138

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in L’Hermitage is 205 days or just under 7 months.

More importantly is the median days on market at 138 days or just under 5 months!  This is well up from 89 days in our last post!

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 Galt Ocean Mile condos sold over the last 6 months here in L’Hermitage

CONDO BEDS / BATHS LA SP$
Unit 1509 3 / 4 2845 $2,250,000
Unit 1210 3 / 2 2661 $1,863,500
Unit 1108 3 / 2 2318 $1,700,000
Unit 1408 3 / 3 2588 $1,650,000
Unit 1801 2 / 2 2318 $1,280,000
Unit 2501 3 / 3 2318 $1,259,000
Unit 2406 2 / 2 1537 $1,000,000
Unit 1706 2 / 2 1537 $930,000
Unit 1405 2 / 2 1537 $800,000
Unit 302 2 / 2 1879 $650,000
Unit 306 2 / 2 1537 $535,000

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

We have enjoyed strong sales over the last few months.

I am pleased to report that median prices for L’Hermitage condos are back on the rise – after a period of “soft” prices.

This is especially evident in 3 bedroom sales – where the median is up by $350,000! from our last post!

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

By Kevin Wirth Realtor