View Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale

L’Hermitage Condos

L’Hermitage
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our August 2020 / September 2020 pricing guide for L’Hermitage Galt Ocean Mile condos for sale 3100-3200 N Ocean Blvd Fort Lauderdale Florida.

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

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At the time of writing this Blog there are 29 x Luxury L’Hermitage Galt Ocean Mile condos for sale – 5 of which are new listings.

There have been 12 sales of luxury condos in the L’Hermitage complex over the last 6 months and 1 unit is currently pending sale!

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 $798,500 – $5,950,000

Median Prices

  • Median List Price $1,850,000
    – for a 3 bedroom 3 bathroom unit
  • Median Sales Price $1,175,000
    – for a 3 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $525.00
  • Sales to List Price 91%
  • Days on Market 94 Days
View Galt Ocean Mile condominium L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale
View Galt Ocean Mile condominium L’Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale

L’Hermitage
Condos for Sale

There are currently 29 x L’Hermitage Galt Ocean Mile condos for sale – This is up from the 22 x L’Hermitage Galt Ocean Mile condos for sale as in our last post for June 2020 / July 2020

The market analysis report for these 29 x luxury condos for sale is presented below.

 

BEDS / BATHS

LA

LP$

Min

2 / 2

1,537

$798,500

Max

6 / 5

6,627

$5,950,000

Avg

3 / 3

2,734

$2,241,193

Median

3 / 3

2,338

$1,850,000

This report shows us that the average price for a luxury Galt Ocean Mile condo here in L’Hermitage is $2,241,193 – this being for a 3 bedroom 3 bathroom unit of 2734 square feet.

We can also see from this report that the median price for a Galt Ocean Mile condo in L’Hermitage is $1,850,000 – this being for a 3 bedroom 3 bathroom unit of 2338 square feet

It is important to note that the median list price this month is down from our last 2 posts!

In our last post for June 2020  / July 2020 the median price for a Galt Ocean Mile condo in L’Hermitage was higher at $1,875,000 – this being for a 3 bedroom 3 bathroom unit of 2469 square feet

In our earlier post for April 2020  / May 2020 the median price for a Galt Ocean Mile condo in L’Hermitage was higher at $1,900,000 – this being for a 3 bedroom 3 bathroom unit of 2600 square feet.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

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

email: kevinsellsmore@gmail.com

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View L'Hermitage Galt Ocean Mile condominium 3100-3200 N Ocean Blvd Fort Lauderdale
View L’Hermitage Galt Ocean Mile condominium 3100-3200 N Ocean Blvd Fort Lauderdale
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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

1,805

$1,062,400

$591.00

3 / 3

2,600

$2,075,000

$778.00

4 / 4

4,784

$4,625,000

$991.00

6 / 5

4,475

$3,999,900

$894.00

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

  • 2 Bedroom 2 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $1,062,400 – this being for a unit of 1805 square feet with a list price to square foot price of $591.00 – In our last post the median for 2 Bedroom 2 Bathroom L’Hermitage condos for sale was higher at $1,124,900 – this being for a unit of 1977 square feet with a list price to square foot price of $585.00
  • 3 Bedroom 3 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $2,075,000 – this being for a unit of 2600 square feet with a list price to square foot price of $778.00 – In our last post the median for 3 Bedroom 3 Bathroom L’Hermitage condos for sale was the same at $2,075,000 – this being for a unit of 2681 square feet with a list price to square foot price of $790.00
  • 4 Bedroom 4 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $4,625,000 – this being for a unit of 4784 square feet with a list price to square foot price of $991.00 – In our last post the median for 4 Bedroom 4 Bathroom L’Hermitage condos for sale was the same at $4,625,000 – this being for a unit of 4784 square feet with a list price to square foot price of $991.00
  • 6 Bedroom 5 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $3,999,900 – this being for a unit of 4475 square feet with a list price to square foot price of $894.00 – In our last post the median for 6 Bedroom 5 Bathroom L’Hermitage condos for sale was the same at $3,999,900 – this being for a unit of 4475 square feet with a list price to square foot price of $894.00
View Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale just listed for sale Unit 2501
Galt Ocean Mile condo L’Hermitage 3100-3200 N Ocean Blvd Ft Lauderdale just listed #2501

L’Hermitage
New Luxury Listings

There have been 5 new listings of a L’Hermitage Galt Ocean Mile condo for sale in the last 30 days – this is up from 1 listing as in our last post for June 2020 / July 2020!

Our market summary report for these 5 units is presented below.

 

BEDS / BATHS

LA

LP$

Unit 1510

3 / 3

2,661

$3,299,000

Unit 2501

3 / 3

2,318

$1,599,900

Unit 604

3 / 2

2,109

$1,399,900

Unit 2007

2 / 2

2,086

$1,325,000

Unit 505

2 / 2

1,630

$999,900

We can see from this report that:

Unit 1510 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $3,299,000this 3 bedroom 3 bathroom 2661 square foot unit has a list price to square foot price of $1240.00

Unit 1510 is a Ascot Model in L’Hermitage Tower 1

This Galt Ocean Mile condo is a fully renovated one of kind masterpiece. This unit has 3 separate bedroom suites with large open living space.  The unit features: new high Impact windows, a large open kitchen wth a water filtration system.  The home has two brand new AC units and water heaters.

Unit 2501 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $1,599,900this 3 bedroom 3 bathroom 2501 square foot unit has a list price to square foot price of $690.00

Unit 2501 is a Model in L’Hermitage Tower 1

This Galt Ocean Mile condo is a Panoramic double corner unit with ocean, city, Intra-coastal and tennis court views.  The unit features floor to ceiling glass, 2 wrap around terraces, a private elevator and is updated throughout.

Unit 604 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $1,399,900this 3 bedroom 2 bathroom 2109 square foot unit has a list price to square foot price of $664.00

Unit 604 is a Model in L’Hermitage Tower 2

This Galt Ocean Mile condo offers a South-East exposure and has an ocean view.  The unit features two terraces, marble floors and a 3rd bedroom that has been opened up and is being used as a den. 

Unit 2007 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $1,325,000this 2 bedroom 2 bathroom 2086 square foot unit has a list price to square foot price of $635.00

Unit 2007 is a Model in L’Hermitage Tower 1

This Galt Ocean Mile condo offers a sunny South-East exposure and ocean views.  The unit has marble floors, 2 terraces and the 3rd bedroom is an open den.  The unit has a private elevator.

Unit 505 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $999,000this 2 bedroom 2 bathroom 1630 square foot unit has a list price to square foot price of $613.00

Unit 505 is a Model in L’Hermitage Tower 2

This Galt Ocean Mile condo offers great ocean views from every room.  The unit is updated and features hurricane impact windows and a huge terrace!

View Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale pending sale Unit 2105
Galt Ocean Mile condo L’Hermitage 3100-3200 N Ocean Blvd Ft Lauderdale pending 2105

L’Hermitage
Pending Sales

There is currently just 1 luxury L’Hermitage Galt Ocean Mile condos pending sale – down from 3 condos pending sale as in our last post!

Our market analysis report for this condo pending sale is presented below.

 

BEDS / BATHS

LA

LP$

Unit 2105

2 / 2

1,537

$999,000

We can see from this report that Unit 2105 a 2 bedroom luxury L’Hermitage Galt Ocean Mile condo listed for sale for $999,000 is now pending salethis 2 bedroom 2 bathroom 1977 square foot unit has a list price to square foot price of $683.00

Unit 2105 is a Fairmont Model in L’Hermitage Tower I!

This Galt Ocean Mile condo is fully furnished and turn-key.   

The unit features: a chef’s kitchen, Quartz counters, a Perlick wine fridge and Samsung 4-door fridge with built-in Soda Stream. 

View 3 bedroom Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale recently sold Unit 1201
Galt Ocean Mile condo L’Hermitage 3100-3200 N Ocean Blvd Ft Lauderdale just sold 1201

L’Hermitage Condos
Sales Last 6 Months

There have been 12 x Luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months – up from our last post!

In our last post for June 2020 / July 2020 there had been 9 x L’Hermitage Galt Ocean Mile condos sold over the preceding 6 month period.

The market analysis report for these 12 units is presented below.

 

BEDS / BATHS

LA

SP$

Min

2 / 2

1,537

$750,000

Max

3 / 4

4,475

$3,715,000

Avg

3 / 2

2,357

$1,484,583

Median

3 / 2

2,109

$1,175,000

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 $1,484,583 – this being for a 3 bedroom 3 bathroom unit of 2,357 square feet.

In our last post the average price of a Galt Ocean Mile condo sold in L’Hermitage over the preceding 6 months was higher at $1,885,000 – this being for a 3 bedroom 3 bathroom unit of 2,526 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 $1,510,000 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet – this is well down from our last post!

In our last post for June 2020 / July 2020 the the median price of a condo sold in L’Hermitage over the preceding 6 months was higher at $1,510,000 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet

It is also useful to look at median sales prices by bedroom – which we do below!

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

1,634

$955,000

$582.00

3 / 2

2,325

$1,225,000

$525.00

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

  • 2 Bedroom L’Hermitage condos sold has been $955,000 this being for a unit of 1,634 square feet with a list price to square foot price of $582.00.  In our last post the median for 2 Bedroom L’Hermitage condos was much higher at $1,232,500 – this being for a larger unit of 1,860 square feet with a list price to square foot price of $654.00.

  • 3 Bedroom 2 Bathroom units sold has been $1,225,000 – this being for a unit of 2325 square feet with a list price to square foot price of $525.00.  In our last post the median for 3 Bedroom L’Hermitage condos was also much higher at $2,000,000 – this being for a unit of 2600 square feet with a list price to square foot price of $724.00.

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

$467.00

Max

$962.00

Avg

$607.00

Median

$525.00

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 $525.00 per square foot – well down from $724.00 in our last post and $623.00 as in our prior post!

Important to note is the highest square foot price paid at $962.00!

% 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

75%

Max

96%

Avg

89%

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% – down from 92% in our last post and 93% as in our prior post!

This means if a Luxury Fort Lauderdale condo for sale here in L’Hermitage is listed at $1,500,000 – then based on median sales data the condo could be expected to sell for 91% of that amount or $1,365,000.

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

5

Max

333

Avg

138

Median

94

We can see from this report that the average days on market for a Fort Lauderdale condo for sale in L’Hermitage is 138 days or just under 5 months.

More importantly however is the median days on market at 94 days or just over 3 months – down from 106 days as 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 L’Hermitage Galt Ocean Mile condos sold over the last 6 months

 

BEDS / BATHS

LA

SP$

PH 2909

3 / 4

4,475

$3,715,000

Unit 1708

3 / 3

2,600

$2,500,000

Unit 1803

3 / 2

1,977

$1,245,000

Unit 1707

3 / 2

2,332

$1,225,000

Unit 1201

3 / 4

4,475

$3,715,000

Unit 2603

2 / 2

1,977

$1,150,000

Unit 903

3 / 3

2,100

$1,100,000

Unit 1203

3 / 2

2,109

$1,000,000

Unit 1602

3 / 2

2,086

$975,000

Unit 2205

2 / 2

1,634

$955,000

Unit 2006

2 / 2

1,537

$750,000

We can see from this report the details for each condo sold – including the most expensive sale(s) over the last 6 months, which was for Penthouse 2909 a 3 bedroom 4 bathroom luxury condo which sold for $3,715,000!

Penthouse 2909 sold for $830.00 per square foot.

The condo had just 30 days on market and sold for 93% of its list price!

Kevin_Wirth_on_Galt_Ocean_Mile

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

By Kevin Wirth P.A. Realtor

This statistical report on comparable L’Hermitage properties includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market. 

This report is based on information which is the © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.