View from one of the L'Hermitage Galt Ocean Mile condos for sale - 3100 N Ocean Blvd, Fort Lauderdale, FL 33308,

L’Hermitage Condos

L’Hermitage Galt Ocean Mile
Condos for Sale

Welcome to our December 2017 / January 2018 Blog on Luxury L’Hermitage Galt Ocean Mile Condos for Sale Fort Lauderdale

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

Search L’Hermitage Condos for Sale

 

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 are 4 condos currently pending sale.

There have been 9 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!

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 $699,000 – $5,299,000
    – 2 Bedroom Units range from $699,000 – $1,199,900
    – 3 Bedroom Unit range from $899,900 – $1,799,000

Median Prices

  • Median List Price $1,175,000
    – for a 3 bedroom 2 bathroom unit
  • 9 Sales last 6 Months
    Median Sales Price $1,000,000
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $552.00
  • Sales to List Price 93%
  • Days on Market 160 Days
View L'Hermitage condominium Galt Ocean Mile Fort Lauderdale
View luxury L’Hermitage oceanfront condominium Galt Ocean Mile

L’Hermitage
Condos for Sale

The market analysis report for the 19 x Luxury L’Hermitage condos for sale Fort Lauderdale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1537 $699,000
Max 4 / 5 4475 $5,299,000
Avg 3 / 2 2211 $1,562,926
Median 3 / 2 2086 $1,175,000

This report shows us that the median price for a luxury oceanfront condo here in L’Hermitage is $1,175,000 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.

It is worth noting that in our last post for October / November 2017 when there were 15 x L’Hermitage condos for sale the median price for a luxury oceanfront condo here in L’Hermitage was slightly higher at $1,199,900 – this being for a 3 bedroom 2 bathroom unit of 1977 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

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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 Galt Ocean Mile – showing median prices by bedroom for the most popular models.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1583 $1,125,000 $600.00
3 / 2 2086 $1,175,000 $575.00
4 / 4 4387 $5,149,000 $1,175.00

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

  • 2 Bedroom 2 Bathroom units for sale is $1,125,000 – this being for a unit of 1583 square feet with a list price to square foot price of $600.00
  • 3 Bedroom 2 Bathroom units for sale is $1,175,000 – this being for a unit of 2086 square feet with a list price to square foot price of $575.00
  • 4 Bedroom 4 Bathroom units for sale is $5,149,000 – this being for a unit of 4387 square feet with a list price to square foot price of $1,175.00
View Luxury Galt Ocean Mile condo unit 302 - just listed for sale in L'Hermitage
View Luxury Galt Ocean Mile condo unit 302 – just listed for sale in L’Hermitage

L’Hermitage
New Luxury Listings

There has been 1 new listing of a luxury Galt Ocean Mile condo for sale here in L’Hermitage in the last 30 days.

This is up from our last post for October / November when there were no new listings over the past 30 days.

Our market analysis report for this unit is presented below.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 2332 $1,199,000 $514.00

We can see from this report that a 2 bedroom unit – Condo Unit 302 in Tower 1 – has just been listed for sale for $1,199,000.

This condo is a totally remodeled beachfront patio unit.  The unit was designed and finished by world famous decorator Perla Lichi.

The unit features: a state of the art kitchen with bar area, mirrored ceilings, custom cabinetry, hidden appliances.   The master bedroom re-architected with incredible custom closets and open master bath.

This unique unit also has a private patio with an entrance right to the 2.5 acre pool deck!

This 2 bedroom 2 bathroom 2332 square foot Galt Ocean Mile condo has a list price of $514.00

View L'Hermitage Galt Ocean Mile condo unit 2803 - now pending sale!
View L’Hermitage Galt Ocean Mile condo unit 2803 – now pending sale!

L’Hermitage
Pending Sales

There are currently 4 luxury Galt Ocean Mile condos pending sale here in L’Hermitage Fort Lauderdale – all 3 bedroom units!

In our last 2 posts there were just 2 luxury condos pending sale.

Our market summary report for these units is presented below

BEDS / BATHS LA LP$
Min 3 / 2 1977 $1,100,000
Max 3 / 3 2661 $1,995,000
Avg 3 / 2 2323 $1,486,225
Median 3 / 2 2328 $1,424,950

We can see from this report that the median price for one of the 4 x 3 bedroom L’Hermitage condos pending sale is $1,424,950this being for a 3 bedroom 2 bathroom 2328 square foot unit with a list price to square foot price of $665.00

Important to note is the median days on market for these units pending sale – at 299 days or almost 10 months!

Pending Sales
By Unit

Here is our market analysis report for the luxury L’Hermitage condos currently pending sale by unit…

CONDO BEDS / BATHS LA LP$
Unit 310 3 / 3 2661 $1,995,000
Unit 1901 3 / 2 2318 $1,499,900
Unit 2803 3 / 2 1977 $1,350,000
Unit 1102 3 / 2 2338 $1,100,000

We can see from this report that

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 Galt Ocean Mile 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 1901 a 3 bedroom L’Hermitage condo listed for sale for $1,499,900 is now pending salethis 3 bedroom 2 bathroom 2318 square foot unit has a list price to square foot price of $647.00

Unit 1901 is a “double corner unit” with panoramic views of the ocean, city, waterways and tennis courts.  This unit enjoys both sunrises and sunsets

The unit has a private elevator, updated baths and an open kitchen.  The 3rd bedroom is an open den.

Unit 2803 a 3 bedroom L’Hermitage condo listed for sale for $1,350,900 is now pending salethis 3 bedroom 2 bathroom 1977 square foot unit has a list price to square foot price of $683.00

Unit 2803 is a Galt Ocean Mile Penthouse with amazing ocean and Intracoastal views.   The unit has high ceilings through-out.   

The 3rd bedroom is currently opened up as a den and can easily be converted back to a bedroom.

Unit 1102 a 3 bedroom L’Hermitage condo listed for sale for $1,100,000 is now pending salethis 3 bedroom 2 bathroom 2338 square foot unit has a list price to square foot price of $470.00

Unit 1102 is an “Immaculate” Galt Ocean Mile condo with Italian marble throughout and two balconies for outdoor living.  The unit offers East ocean views and West sunset views.

The unit as a private secured elevator, the 3rd bedrooms is being used as den/office. This unit has 2 Parking spaces!

View luxury oceanfront condo recently sold in L'Hermitage - Unit 1509
View luxury oceanfront condo recently sold in L’Hermitage – Unit 1509

L’Hermitage Condos
Sales Last 6 Months

There have been 9 x Luxury L’Hermitage condos sold here on Galt Ocean Mile over the last 6 months – down from our last 2 posts!

In our last 2 posts for there were also 11 x L’Hermitage condos sold over each of the preceeding 6 month periods.

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

BEDS / BATHS LA SP$
Min 2 / 2 1537 $650,000
Max 3 / 4 2845 $2,250,000
Avg 2 / 2 2038 $1,177,111
Median 2 / 2 2055 $1,000,000

We can see from this report that the median price of a condo sold in L’Hermitage over the last 6 months has been $1,000,000 – this being for a 2 bedroom 2 bathroom unit of 2055 square feet.

In our post for October / November 2017 the median price of a condo sold in L’Hermitage over the last 6 months was higher at $1,259,000 – this being for a larger 3 bedroom 2 bathroom unit of 2318 square feet.

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 1537 $930,000 $552.00
3 / 2 2318 $1,479,500 $638.00

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

  • 2 Bedroom L’Hermitage condos was $930,000 – this being for a 2 bedroom 2 bathroom unit of 1537 square feet with a sales price to square foot price of $552.00 – In our last post the median for 2 Bedroom L’Hermitage condos was $65,000 less at $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
  • 3 Bedroom 2 Bathroom units sold has been $1,479,500 – this being for a unit of 2318 square feet with a list price to square foot price of $638.00.  In our last post the median for 3 Bedroom L’Hermitage condos was over $220,000 higher at $1,700,000 – this being for a larger unit of 2588 square feet with a list price to square foot price of $700.00.

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 $566.00
Median $552.00

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 $552.00 per square foot

It is important to note that median sales prices per square foot over the last 6 months is down from $605.00 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 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 85%
Max 100%
Avg 93%
Median 93%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condos here in L’Hermitage  has been 93%

It is important to note that this is well up from a median of 91% 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 93% of that amount or $1,209,000.

Days on Market

Days on market for Galt Ocean Mile 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 187.
Median 160

We can see from this report that the average days on market for a Fort Lauderdale condo for sale in L’Hermitage is 187 days or just over 6 months.

More importantly is the median days on market at 160 days or just over 5 months!  

This is up from 138 days in our last post and 89 days in our prior 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 

CONDO BEDS / BATHS LA SP$
Unit 1509 3 / 4 2845 $2,250,000
Unit 1108 3 / 2 2318 $1,700,000
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 307 3 / 2 2055 $725,000
Unit 302 2 / 2 1879 $650,000

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

We have a great range of luxury condos currently for sale – with 19 units on offer and a mix of 2 bedroom, 3 bedroom and 4 bedroom units.

Median prices for L’Hermitage condos are still “soft”…

In my mind this is a reflection of both Hurricane Irma and luxury new construction units entering the market!

I am confident however that as we enter 2018 sales activity will pick back up!

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

By Kevin Wirth Realtor