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 June 2020 / July 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.

Search L’Hermitage Condos for Sale

 

At the time of writing this Blog there are 22 x Luxury L’Hermitage Galt Ocean Mile condos for sale – 1 of which is a new listing.

There have been 9 sales of luxury condos in the L’Hermitage complex over the last 6 months and 4 units are 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 $955,000 – $3,715,000

Median Prices

  • Median List Price $1,875,000
    – for a 3 bedroom 3 bathroom unit
  • Median Sales Price $1,510,000
    – for a 3 bedroom 3 bathroom unit
  • Sales Price to Sq Ft Price $724.00
  • Sales to List Price 92%
  • Days on Market 106 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 22 x L’Hermitage Galt Ocean Mile condos for sale – This is down slightly from the 23 x L’Hermitage Galt Ocean Mile condos for sale as in our last post for April 2020 / May 2020

The market analysis report for these 22 x luxury condos for sale is presented below.

 

BEDS / BATHS

LA

LP$

Min

2 / 2

1,537

$854,900

Max

6 / 5

6,627

$5,950,000

Avg

3 / 3

2,869

$2,344,068

Median

3 / 3

2,469

$1,875,000

This report shows us that the average price for a luxury Galt Ocean Mile condo here in L’Hermitage is $2,344,068 – this being for a 3 bedroom 3 bathroom unit of 2869 square feet.

We can also see from this report that the median price for a Galt Ocean Mile condo in L’Hermitage is $1,875,000 – this being for a 3 bedroom 3 bathroom unit of 2469 square feet.

In our last post for April 2020  / May 2020 the median price for a Galt Ocean Mile condo in L’Hermitage was a little 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?

Call Me Today!

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

email: kevinsellsmore@gmail.com

Click here to email me now


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
Search Galt Ocean Mile Condos 
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

1,977

$1,124,900

$585.00

3 / 3

2,681

$2,075,000

$790.00

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 $1,124,900 – this being for a unit of 1977 square feet with a list price to square foot price of $585.00 – In our last post the median for 2 Bedroom 2 Bathroom L’Hermitage condos for sale was lower at $1,061,950 – this being for a unit of 1805 square feet with a list price to square foot price of $596.00
  • 3 Bedroom 3 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $2,075,000 – this being for a unit of 2681 square feet with a list price to square foot price of $790.00 – In our last post the median for 3 Bedroom 3 Bathroom L’Hermitage condos for sale was higher at $2,450,000 – this being for a unit of 2762 square feet with a list price to square foot price of $860.00
  • 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 lower at $4,500,000 – this being for a unit of 4938 square feet with a list price to square foot price of $962.00
  • 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
Galt Ocean Mile condo L’Hermitage 3100-3200 N Ocean Blvd Ft Lauderdale just listed for sale

L’Hermitage
New Luxury Listings

There has been 1 new listing of a L’Hermitage Galt Ocean Mile condo for sale in the last 30 days – this is down from 3 listings as in our last post for April 2020 / May 2020!

Our market summary report for this 1 unit is presented below.

 

BEDS / BATHS

LA

LP$

Unit 1105

2 / 3

1,634

$1,145,000

We can see from this report that Unit 1105 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $1,145,000this 2 bedroom 3 bathroom 1634 square foot unit has a list price to square foot price of $701.00

Unit 1105 is a Fairview Model in L’Hermitage Tower II!

This Galt Ocean Mile condo offers direct ocean views from living room, kitchen and both bedrooms!

The unit has 2 bedrooms plus a flex “bonus room” (with Murphy bed and closet) that feels like a bedroom with its own en-suite – a rare 3rd bathroom. The condo has been redesigned to optimize the space and add extra storage. 

Unit 1105 features an open kitchen with Wolf and Subzero appliances. There are Quartz counter-tops in the kitchen and all 3 bathrooms and beautiful granite flooring through-out.

View Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale pending sale Unit 1201
Galt Ocean Mile condo L’Hermitage 3100-3200 N Ocean Blvd Ft Lauderdale pending sale

L’Hermitage
Pending Sales

There are currently 3 luxury L’Hermitage Galt Ocean Mile condos pending sale – down from our last post!

In our last post there were 5 luxury L’Hermitage condos pending sale!

Our market analysis report for these 3 condos pending sale is presented below.

 

BEDS / BATHS

LA

LP$

Unit 1803

3 / 2

1977

$1,350,000

Unit 1201

3 / 2

2,318

$1,295,000

Unit 1203

3 / 2

2,109

$1,125,000

We can see from this report that:

Penthouse 1803 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condo listed for sale for $1,350,000 is now pending salethis 3 bedroom 2 bathroom 1977 square foot unit has a list price to square foot price of $683.00

Unit 1803 is a Penthouse Unit in L’Hermitage Tower I!

This Galt Ocean Mile condo offers Panoramic Oceanfront and Intracoastal views. The condo is a beautifully updated unit, luxuriously appointed with volume ceilings throughout. 3rd bedroom is currently used as a Den. This is the best floor plan to maximize your views and allow natural light

Unit 1201 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condo has just been listed for sale for $1,295,000this 3 bedroom 2 bathroom 2318 square foot unit has a list price to square foot price of $559.00

Unit 1201 is a Carlyle Model in L’Hermitage Tower II!

This Galt Ocean Mile condo offers stunning ocean views and has a a wrap around balcony.  This condo is currently set up as a 2 bedrooms unit and can easily convert to a 3 bedroom unit. The condo features: floor to ceiling impact windows and doors, marble flooring throughout and an impressive master suite with walk-in closet. 

Unit 1203 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condos listed for sale for $1,125,000 is now pending salethis 3 bedroom 2 bathroom 2109 square foot unit has a list price to square foot price of $533.00

Unit 1203 is a Eaton Model in L’Hermitage Tower I!

This Galt Ocean Mile condo offers direct East ocean views.  The unit is a full 3 bedroom with 2.5 baths, 10 foot ceilings and 2 terraces!

View Galt Ocean Mile condo L'Hermitage 3100-3200 N Ocean Blvd Fort Lauderdale recently sold PH 2909
Galt Mile condo L’Hermitage 3100-3200 N Ocean Blvd Ft Lauderdale recently sold PH 2909

L’Hermitage Condos
Sales Last 6 Months

There have been 9 x Luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months – up from our last post!

In our last post for April 2020 / May 2020 there had been 7 x L’Hermitage Galt Ocean Mile condos sold over the preceding 6 month period.

The market analysis report for these 9 units is presented below.

 

BEDS / BATHS

LA

SP$

Min

2 / 2

1,634

$955,000

Max

3 / 4

4,475

$3,715,000

Avg

3 / 3

2,526

$1,885,000

Median

3 / 3

2,332

$1,510,000

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 $1,885,000 – 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 up from our last post!

In our last post for April 2020 / May 2020 the the median price of a condo sold in L’Hermitage over the preceding 6 months was lower at $1,300,000 – 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

1,860

$1,232,500

$654.00

3 / 3

2,600

$2,000,000

$724.00

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

  • 2 Bedroom L’Hermitage condos sold has been $1,232,500 this being for a unit of 1,860 square feet with a list price to square foot price of $654.00.  In our last post the median for 2 Bedroom L’Hermitage condos was higher at $1,510,000 – this being for a unit of 2,086 square feet with a list price to square foot price of $724.00.

  • 3 Bedroom 2 Bathroom units sold has been $2,000,000 – this being for a unit of 2600 square feet with a list price to square foot price of $724.00.  In our last post the median for 3 Bedroom L’Hermitage condos was lower at $1,272,500 – this being for a unit of 2101 square feet with a list price to square foot price of $608.00.

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

$1,122.00

Avg

$718.00

Median

$724.00

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 $724.00 per square foot – up from $623.00 in our last post and $609.00 as in our prior post!

Important to note is the highest square foot price paid at $1,122.00!

% 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

77%

Max

100%

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% – down from 93% as in our last 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 93% of that amount or $1,380,000.

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

20

Max

333

Avg

138

Median

106

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 106 days or 3.5 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 

 

BEDS / BATHS

LA

SP$

PH 2909

3 / 4

4,475

$3,715,000

Unit 2310

3 / 3

2,661

$2,985,000

Unit 1708

3 / 3

2,600

$2,500,000

Unit 2309

3 / 3

2,762

$2,000,000

Unit 2107

2 / 2

2,086

$1,510,000

Unit 1707

3 / 2

2,332

$1,225,000

Unit 903

3 / 3

2,100

$1,100,000

Unit 1602

3 / 2

2,086

$975,000

Unit 2205

2 / 2

1,634

$955,000

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.