L’Hermitage
Galt Ocean Mile Condos
2021 Pricing Guide
Welcome to our December 2020 / January 2021 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 19 x Luxury L’Hermitage Galt Ocean Mile condos for sale – 1 of which is a new listing.
There have been 15 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 $875,000 – $5,950,000
Median Prices
- Median List Price $1,475,000
– for a 3 bedroom 2 bathroom unit
- Median Sales Price $1,949,000
– for a 3 bedroom 3 bathroom unit
- Sales Price to Sq Ft Price $711.00
- Sales to List Price 90%
- Days on Market 180 Days
L’Hermitage
Condos for Sale
There are currently 19 x L’Hermitage Galt Ocean Mile condos for sale – down from our last 2 posts!
It is important to note that the inventory of condos for sale is down from:
- 24 x L’Hermitage Galt Ocean Mile condos for sale as in our last post for October 2020 / November 2020
- 29 x L’Hermitage Galt Ocean Mile condos for sale as in our last post for August 2020 / September 2020
The market analysis report for these 19 x luxury condos for sale is presented below.
|
BEDS / BATHS |
LA |
LP$ |
|
|
Min |
2 / 2 |
1,537 |
$875,000 |
|
Max |
4 / 5 |
6,381 |
$5,950,000 |
|
Avg |
3 / 3 |
2,641 |
$2,032,568 |
|
Median |
3 / 2 |
2,109 |
$1,475,000 |
This report shows us that the average price for a luxury Galt Ocean Mile condo here in L’Hermitage is $2,032,568 – this being for a 3 bedroom 3 bathroom unit of 2641 square feet.
In our last post the average price for a luxury Galt Ocean Mile condo here in L’Hermitage was higher at $2,196,721 – this being for a 3 bedroom 3 bathroom unit of 2700 square feet.
We can also see from this report that the median price for a Galt Ocean Mile condo in L’Hermitage is $1,475,000 – this being for a 3 bedroom 3 bathroom unit of 2109 square feet
It is very important to note that the median list price this month is down by $425,000 from our last 4 posts!
In our last post for October 2020 / November 2020 the median price for a Galt Ocean Mile condo in L’Hermitage was higher at $1,850,000 – this being for a 3 bedroom 3 bathroom unit of 2469 square feet
In our last post for August 2020 / September 2020 the median price for a Galt Ocean Mile condo in L’Hermitage was higher at $1,850,000 – this being for a 3 bedroom 3 bathroom unit of 2469 square feet
In our prior 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 $1,900,000 – this being for a 3 bedroom 3 bathroom unit of 2600 square feet.
Buying / Selling?
Call Me Today!
Kevin Wirth P.A Realtor
Galt Ocean Mile Specialist
954-459-0337
email: kevinsellsmore@gmail.com
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Luxury L’Hermitage
Condos by Bedroom
Here is our market analysis report for L’Hermitage Galt Ocean Mile condos for sale – showing median prices by bedroom for all the units currently for sale.
|
BEDS / BATHS |
LA |
LP$ |
LP$/SqFt |
|
2 / 2 |
1,634 |
$999,999 |
$572.00 |
|
3 / 2 |
2,318 |
$1,599,900 |
$707.00 |
|
4 / 4 |
4,630 |
$4,150,000 |
$862.00 |
We can see from this report that the median price for:
- 2 Bedroom 2 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $999,999 – this being for a unit of 1634 square feet with a list price to square foot price of $572.00 – In our last post the median for 2 Bedroom 2 Bathroom L’Hermitage condos for sale was lower at $980,000 – this being for a unit of 1632 square feet with a list price to square foot price of $554.00
- 3 Bedroom 3 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $1,599,900 – this being for a unit of 2318 square feet with a list price to square foot price of $767.00 – In our last post the median for 3 Bedroom 3 Bathroom L’Hermitage condos for sale was ever so slightly higher at $1,600,000 – this being for a unit of 2318 square feet with a list price to square foot price of $767.00
- 4 Bedroom 4 Bathroom L’Hermitage Galt Ocean Mile condos for sale is $4,150,000 – this being for a unit of 4630 square feet with a list price to square foot price of $862.00 – In our last post the median for 4 Bedroom 4 Bathroom L’Hermitage condos for sale was much higher at $4,625,000 – this being for a unit of 4784 square feet with a list price to square foot price of $991.00
L’Hermitage
New Luxury Listings
There has been 1 new listing of a L’Hermitage Galt Ocean Mile condo for sale in the last 30 days – this down from 3 new listing as in our last post for October 2020 / November 2020!
Our market summary report for this unit is presented below.
|
BEDS / BATHS |
LA |
LP$ |
|
|
Unit 805 |
2 / 2 |
1,630 |
$999,999 |
We can see from this report that Unit 805 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $999,999 – this 2 bedroom 2 bathroom 1630 square foot unit has a list price to square foot price of $977.00
Unit 805 is a Fairview 05 Model in L’Hermitage Tower I
This Galt Ocean Mile condo offers ocean views from every room. The unit has hurricane impact windows, an open kitchen and split bedrooms.
L’Hermitage
Pending Sales
There are currently 4 luxury L’Hermitage Galt Ocean Mile condos pending sale
It is important to note that this is down from 6 condos pending sale as in our last post.
Our market analysis report for these 4 luxury condos pending sale is presented below.
|
BEDS / BATHS |
LA |
LP$ |
|
|
Unit 1010 |
3 / 3 |
2,661 |
$2,599,900 |
|
Unit 802 |
3 / 2 |
2,086 |
$1,073,000 |
|
Unit 505 |
2 / 2 |
1,630 |
$860,000 |
|
Unit 905 |
2 / 2 |
1,537 |
$854,900 |
We can see from this report that:
Unit 1010 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condo listed for sale for $2,599,900 is now pending sale – this 3 bedroom 3 bathroom 2661 square foot unit has a list price to square foot price of $894.00
Unit is an Ascot 10 Model in L’Hermitage Tower II
This Galt Ocean Mile condo is a sunny, South-East corner unit with direct oceanfront panoramic views of ocean..pools and city – this condo has beautiful views day and night. The 3rd bedroom is currently an den/office and is easy to convert back to a bedroom.
Unit 802 a 3 bedroom luxury L’Hermitage Galt Ocean Mile condo listed for sale for $1,073,000 is now pending sale – this 3 bedroom 2 bathroom 2086 square foot unit has a list price to square foot price of $9514.00
Unit 802 is a Deauville 02 Model in L’Hermitage Tower II
This Galt Ocean Mile condo offers wonderful Oceanfront views – awesome sunrise ocean and pool views from the East Terrace and sunset city views from the West terrace.
Unit 505 a 2 bedroom luxury L’Hermitage Galt Ocean Mile condo listed for sale for $860,000 is now pending sale – this 2 bedroom 2 bathroom 1630 square foot unit has a list price to square foot price of $528.00
Unit 505 is a Fairview 05 Model in L’Hermitage Tower I
This Galt Ocean Mile condo is an oceanfront unit with nice ocean views from inside the unit and from the balcony.
Unit 905 a 2 bedroom luxury L’Hermitage Galt Ocean Mile condo listed for sale for $854,900 is now pending sale – this 2 bedroom 2 bathroom 1537 square foot unit has a list price to square foot price of $556.00
Unit 905 is a Fairmont 05 Model in L’Hermitage Tower II
This Galt Ocean Mile condo offers oceanfront view and features: Marble flooring, a large upgraded walk in shower in the master. The unit has a very large balcony with ocean, resort, and city views.
L’Hermitage Condos
Sales Last 6 Months
There have been 15 x Luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months – up from our last post!
In our last post for October 2020 / November 2020 there had been 11 x L’Hermitage Galt Ocean Mile condos sold over the preceding 6 month period.
The market analysis report for these 15 units is presented below.
|
BEDS / BATHS |
LA |
SP$ |
|
|
Min |
2 / 2 |
1,537 |
$870,650 |
|
Max |
6 / 5 |
4,938 |
$4,170,000 |
|
Avg |
3 / 3 |
2,802 |
$1,979,140 |
|
Median |
3 / 3 |
2,762 |
$1,949,000 |
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 $1,979,140 – this being for a 3 bedroom 3 bathroom unit of 2,802 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 $1,433,695 – this being for a 3 bedroom 3 bathroom unit of 2,190 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 $1,949,000 – this being for a 3 bedroom 3 bathroom unit of 2762 square feet – this is well up from our last post!
In our last post for August 2020 / September 2020 the the median price of a condo sold in L’Hermitage over the preceding 6 months was much lower at $1,200,000 – this being for a smaller 3 bedroom 2 bathroom unit of 2213 square feet
It is also useful to look at median sales prices by bedroom – which we do below!
L’Hermitage Condos
Sales Prices by Bedroom
Here is our market summary report showing sales prices for L’Hermitage Galt Ocean Mile condos sold over the last 6 months by bedroom.
|
BEDS / BATHS |
LA |
SP$ |
SP$/SqFt |
|
2 / 2 |
2,031 |
$1,150,000 |
$574.00 |
|
3 / 3 |
2,845 |
$2,062,525 |
$738.00 |
|
4 / 4 |
4,938 |
$4,170,000 |
$844.00 |
We can see from this report that that the median sales price for:
- 2 Bedroom L’Hermitage condos sold has been $1,150,000 – this being for a unit of 2,031 square feet with a list price to square foot price of $574.00. In our last post the median for 2 Bedroom L’Hermitage condos was lower at $912,825 – this being for a unit of 1,585 square feet with a list price to square foot price of $574.00.
- 3 Bedroom 2 Bathroom units sold has been $2,062,525 – this being for a unit of 2845 square feet with a list price to square foot price of $738.00. In our last post the median for 3 Bedroom L’Hermitage condos was lower at $1,245,000 – this being for a smaller unit of 2466 square feet with a list price to square foot price of $618.00.
- 4 Bedroom 4 Bathroom units sold has been $4,170,000 – this being for a unit of 4938 square feet with a list price to square foot price of $844.00. In our last post there had been no 4 bedroom units sold!
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for L’Hermitage Galt Ocean Mile condos over the last 6 months.
|
SP$/SqFt |
|
|
Min |
$474.00 |
|
Max |
$1,184.00 |
|
Avg |
$733.00 |
|
Median |
$711.00 |
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 $711.00 per square foot – up from $574.00 in our last post and $525.00 as in our prior post!
Important to note is the highest square foot price paid at $1,184.00 up from $962.00 in our last post!
% Sales to List Price
An important real estate indicator is how much buyers are paying for L’Hermitage Galt Ocean Mile Condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
|
SP$/LP$ |
|
|
Min |
75% |
|
Max |
96% |
|
Avg |
89% |
|
Median |
90% |
We can see from this report that the median sales price to list price for Fort Lauderdale condos here in L’Hermitage has been 90% – down from 91% in our last post and 92% 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 90% of that amount or $1,350,000.
Days on Market
Days on market for L’Hermitage Galt Ocean Mile condos for sale is an important indicator of demand for units in this complex.
Here is the market analysis report for Days on Market based on condo sales over the last 6 months
|
DOM |
|
|
Min |
1 |
|
Max |
478 |
|
Avg |
182 |
|
Median |
180 |
We can see from this report that the average days on market for a Fort Lauderdale condo for sale in L’Hermitage is 182 days or just over 6 months.
More importantly however is the median days on market at 180 days or 6 months – well up from 71 days as in our last post!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
L’Hermitage
Condo Sales Itemized
Here is the data for each of the luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months
|
BEDS / BATHS |
LA |
SP$ |
|
|
PH 2708 |
4 / 4 |
4,938 |
$4,170,000 |
|
Unit 1510 |
3 / 3 |
2,661 |
$3,150,000 |
|
Unit 1009/05 |
6 / 5 |
4,475 |
$3,017,400 |
|
Unit 1110 |
3 / 3 |
3,001 |
$2,850,000 |
|
Unit 1509 |
3 / 3 |
2,762 |
$2,300,000 |
|
Unit 1809 |
3 / 4 |
2,845 |
$2,100,050 |
|
Unit 1109 |
3 / 3 |
2,850 |
$2,025,000 |
|
Unit 909 |
3 / 3 |
2,850 |
$1,949,000 |
|
Unit 1807 |
2 / 2 |
2,338 |
$1,700,000 |
|
Unit 1803 |
3 / 2 |
1,977 |
$1,245,000 |
|
Unit 2007 |
2 / 2 |
2,086 |
$1,160,000 |
|
Unit 2603 |
2 / 2 |
1,977 |
$1,150,000 |
|
Unit 1203 |
3 / 2 |
2,109 |
$1,000,000 |
|
Unit 302 |
2 / 2 |
2,086 |
$1,000,000 |
|
Unit 2105 |
2 / 2 |
1,537 |
$870,650 |
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 L”Hermitage Penthouse 2708 a 4 bedroom 4 bathroom 4938 square foot luxury condo which sold for $4,170,000!
Penthouse 2708 sold for $844.00 per square foot.
This Luxury Galt Ocean Mile condo had 225 days on market and sold for 88% of its list price!
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.