Ocean views from luxury Fort Lauderdale condos for sale in L'Hermitage

L’Hermitage Condos

L’Hermitage
Fort Lauderdale

Welcome to our May / June 2015 Blog on L’Hermitage Luxury Condos for sale Fort Lauderdale

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

At the time of writing this Blog there are 22 luxury Fort Lauderdale oceanfront condos for sale at the L’Hermitage – well up the 15 units for sale in our last post! 

Of these 22 condos for sale   8 condos are new listings – giving buyers a good range of choices.

3 condos are currently pending sale and there have been 10 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 compare recent sales trends in L’Hermitage to 2014 sales. Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers

  • Condos for Sale
    Prices from $749,900 – $6.5 Million

Median Prices

  • Median List Price $1,454,995
    – for a 3 bedroom unit
  • 10 Sales last 6 Months
    Median Sales Price $1,100,000
  • Sales to List Price 92%
  • Days on Market 90 Days

L’Hermitage
Condos for Sale

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

$$  Beds/Baths SF/FF List Price
High 5 / 5 7,167 $6,500,000
Low 2 / 2 1,537 $749,900
Avg 3 / 2 2,614 $1,823,977
Med 3 / 2 2,453 $1,454,995

 

This report shows us that the median price for a luxury oceanfront condo here in L’Hermitage is $1,454,995 

In our last post the median price for a luxury oceanfront condo here in L’Hermitage was $1,450,000

Median prices in this and our last report were also for 3 bedroom 2 bathroom units.

Kevin Wirth Fort Lauderdale Realtor

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Kevin Wirth – Realtor
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Search Galt Ocean Mile Condos 
View Galt Ocean Mile New Listings

 

View of L'Hermitage condominium here on Galt Ocean Mile
View of L’Hermitage condominium

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.

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,977 $1,044,450 $625
3 / 3 2,588 $1,587,450 $621
4 / 4 3,000 $3,950,000 $1,317
5 / 5 7,167 $6,500,000 $907

 

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

  • 2 Bedroom 2 Bathroom units is $1,044,450this being for a unit of 1977 square feet with a list price to square foot price of $625.00
  • 3 Bedroom 3 Bathroom units is $1,587,450this being for a unit of 2588 square feet with a list price to square foot price of $621.00
  • 4 Bedroom 4 Bathroom units is $3,950,000this being for a unit of 3000 square feet with a list price to square foot price of $1,317.00
  • 5 Bedroom 5 Bathroom units is $6,500,000this being for a unit of 7167 square feet with a list price to square foot price of $907.00

 

Look at these superb views from this condo for sale in L'Hermitage
Look at these superb views from this condo for sale in L’Hermitage

L’Hermitage
New Luxury Listings

There have been 8 new listings of luxury Fort Lauderdale condos here in L’Hermitage in the last 30 days. 

The market analysis report for these units is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 4 2,845 $2,500,000
Low 2 / 2 2,086 $1,249,000
Avg 3 / 3 2,489 $1,806,499
Med 3 / 3 2,588 $1,604,995

 

We can see from this report that the median price for a new listing has been $1,604,995  – this being for a 3 bedroom 2 bathroom unit of 2588 square feet!

In our last post for April / May the median price for a new listing was $1,562,950 – this being for a 3 bedroom 2 bathroom unit of 2453 square feet!

Note that the median list price to square foot price for new listings at L’Hermitage is $725.00 – up from $643.00 in our last report!

View of the pool here at L'Hermitage Fort Lauderdale
View of the pool here at L’Hermitage

L’Hermitage
Pending Sales

There are currently just 3 luxury condo pending sale here in L’Hermitage Fort Lauderdale  – down from 8 units in our last post of April / May 2015

The market analysis report for these condos is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 2 2,828 $1,650,000
Low 2 / 2 1,537 $1,099,000
Avg 2 / 2 2,114 $1,316,000
Med 2 / 2 1,977 $1,199,000

 

We can see from this report that the median price for a Fort Lauderdale condo pending sale here in L’Hermitage is $1,199,000  – this being for a 3 bedroom 2 bathroom unit of 1977 square feet!

Note that the median list price to square foot price for condos pending sale at L’Hermitage is $583.00 – well down from our last post when it was $618.00!

Notes on these Units
  • L’Hermitage II Luxury Condo Unit 1201
    Offered for Sale $1,650,000This luxury condo is a sub-penthouse units and offers; direct ocean views as it is a corner flow-through unit with a private elevator, double-door entry & foyer.  The condo is a totally renovated 3 bedroom / 2.5 bathroom with 12 foot ceilings, walls of windows AND two expansive balconies (East & West)
  • L’Hermitage I Luxury Condo Unit 2306
    Offered for Sale $1,199,000This luxury condo is a remodeled oceanfront 2 bedroom 2 bathroom unit with direct ocean and coastline views.  The unit is completely remodeled with new open kitchen and new bathrooms.   The master bath was totally redesigned with over sized steam shower. The unit is “Turn-Key” as it includes furnishings. 
  • L’Hermitage I Luxury Condo Unit 2403
    Offered for Sale $1,099,000This luxury condo offers direct ocean, city and Intracoastal views from its East and West balconies.   The unit has 2 bedrooms and a den and 2 and 1/2 bathrooms.   This unit has been completely redone with wood floors, modern kitchen and bathrooms.   The unit has been tastefully decorated and furnished and the furnishings are negotiable.

L’Hermitage Condos
Sales Last 6 Months

There have been 10 x L’Hermitage Luxury condos sold here in Fort Lauderdale sold in the last 6 months – up from 5 units in our last post!

The market analysis report for these units is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 3 / 3 2,338 $1,425,000
Low 2 / 2 1,537 $875,000
Avg 3 / 2 2,024 $1,140,625
Med 3 / 2 1,977 $1,100,000

 

We can see from this report that the median price of a condo sold in L’Hermitage over the last 6 months has been $1,100,000 – this being for a 3 bedroom 2 bathroom unit of 1977 square feet. 

In our last post for April / May when there had been 5 condos sold over the preceding 6 months – the median price of a condo sold in L’Hermitage had been $1,130,000 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet. 

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
High $635
Low $485
Avg $567
Med $556

 

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 $556.00 per square foot – in our last post it was $554.00

Important to note is the highest price paid at $635.00

% 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$/LP$
Avg 90%
Med 92%

 

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

This means if a Fort Lauderdale condo for sale here in L’Hermitage is listed at $1,500,000 – then based on median sales data the condo would sell for 92% of that amount or $1,380,000.

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

 $$ Days on Market
Avg 132
Med 90

 

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in L’Hermitage is 132 days

More importantly is the median days on market at 90 days or just on 3 months!

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

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

L’Hermitage is a superb complex.

The burst of 5 sales over the last month has doubled the number of sales for the preceding 6 months – up from 5 to 10. 

Square foot prices for sales over the last 6 months with the median at $556.00 however have been much the same as the median for all sales made in 2014 – see our report below.  

 $$ SP$/SqFt
High $833
Low $380
Avg $566
Med $554

 

 

The burst of new listings (8 in total) with a median list price to square foot price of $725.00 – however has lifted the overall median list to square foot price for all 22 luxury condos for sale to $651.00!

Almost $100.00 more than the median for all of 2014 at $554.00 

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

By Kevin Wirth Realtor