Beach views from one of the Edgewater Arms Fort Lauderdale condos for sale Galt Ocean Mile

Edgewater Arms

Edgewater Arms
Fort Lauderdale

Welcome to our August / September 2016 post on Edgewater Arms condos for sale Fort Lauderdale

Search Edgewater Arms Condos for Sale

Fort Lauderdale condos for sale here in Edgewater Arms are absolute direct oceanfront units.  

The complex is one of the Iconic Galt Ocean Mile condominiums and is set literally right on the beach at the ocean’s edge.

There are currently 4 condo units for sale in this complex

There have been 2 sales 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 %) as well as the highest prices paid for units over the last 6 months!

We also compare recent sales trends in Edgewater Arms – Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Prices from $225,000 – $424,900
  • Median List Price $381,450
    – 2 Bedroom 2 Bathroom Unit

Sales Data Last 6 Months

  • Median Sales Price $242,200
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to List Price 91%
  • Days on Market 203

Edgewater Arms
Condos for Sale

The following market report is for Fort Lauderdale condos for sale
here in Edgewater Arms on Galt Ocean Mile / Ft Lauderdale

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,400 $424,900
Low 1 / 1 1,400 $225,000
Avg 2 / 2 1,400 $353,200
Med 2 / 2 1,400 $381,450


We can see from this report that the median price for a condo for sale here in Edgewater Arms is $381,450
 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

In our last post on Edgewater Arms condos for sale for  May / June the median price for a condo for sale here in Edgewater Arms was $374,900 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

It is also important to note the median list price to sq ft price at $321.00 up from $310.00 in our last post which in turn was up from $278.00 in our prior post.

View of Edgewater Arms condominium here on Galt Ocean Mile Fort Lauderdale
View of Edgewater Arms condominium here on Galt Ocean Mile Fort Lauderdale

Edgewater Arms
Prices by Bedroom

Here is our market summary report showing the median prices for both 1 and 2 bedroom condo units currently for sale here in Edgewater Arms.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 700 $225,000 $321
2 / 2 1,400 $398,000 $327

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

  • 1 Bedroom Edgewater Arms condos for sale is $225,000this being for a 1 bedroom 1 bathroom unit of 700 square feet with a list price to square foot price of $321.00.  In our last post the median price for 1 Bedroom Edgewater Arms condos for sale was the same at $225,000 – this being for a 1 bedroom 1 bathroom unit of 700 square feet with a list price to square foot price of $321.00.
  • 2 Bedroom Edgewater Arms condos for sale is $398,000 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet with a list price to square foot price of $327.00.  In our last post the median price for 2 Bedroom Edgewater Arms condos for sale was slightly lower at $392,450 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet with a list price to square foot price of $301.00
View of the pool here at Edgewater Arms on Galt Ocean Mile
View of the pool here at Edgewater Arms on Galt Ocean Mile

Edgewater Arms
New Listings – Last 30 Days

There has been no new listings of Edgewater Arms condos for sale over the last 30 days – this is the same as in our last post!

In our prior post for Edgewater Arms condos for sale for Feb / March 2016 there were 2 new listings both 2 bedroom units. The median price for one of the two new listings was  $342,500this being for a 2 bedroom 2 bathroom unit of 1155 square feet with a list price to square foot price of $297.00

 

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

 

Ocean views from Fort Lauderdale condo recently sold in Edgewater Arms
Ocean views from Fort Lauderdale condo recently sold in Edgewater Arms

Edgewater Arms
Pending & Recent Sales

There is currently no units pending sale and there have been just 2 sales of condos here in Edgewater Arms over the last 6 months.

Edgewater Arms
Pending Sales

There are currently no units pending sale here in Edgewater Arms – this is the same as in our last 2 posts.

Edgewater Arms
Sales Last 6 Months

There have been just 2 sales of condos here in Edgewater Arms over the last 6 months  – this is down from 3 sales in our last post and 5 sales as per our prior post!

The market summary report for these units is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 2 / 2 1,400 $261,900
Low 2 / 2 1,155 $222,500
Avg 2 / 2 1,277 $242,200
Med 2 / 2 1,277 $242,200


We can see from this report that the median sales price for a condo sold here in Edgewater Arms has been $242,200 –
this being for a 2 bedroom 2 bathroom unit of 1277 square feet.

In our last post the the median sales price for a condo sold here in Edgewater Arms over the preceding six months was higher at $370,000 this being for a larger 2 bedroom 2 bathroom unit of 2190 square feet.

Note the highest priced unit sold for $261,900 and the lowest priced unit sold for $222,500.

In our last post the highed priced unit sold for $380,000 and the lowest priced unit sold at $205,000!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for condos sold in Edgewater Arms over the last 6 months.

 $$ SP$/SqFt
High $193
Low $187
Avg $190
Med $190


We can see from this report that BOTH the average and median sales price to square foot price paid for a Edgewater Arms condo sold over the last 6 months has been $190.00down from our last post!

In our last post the median sales price to square foot price paid was $244.00 – however in our prior post the median sales price to square foot price was $195.00 per square foot.

Important to note is the range of prices paid for units here in Edgewater Arms – from a low of $174.00 per square foot to a high of $315.00 per square foot!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Edgewater Arms – 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 91%
Med 91%


We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Edgewater Arms  has been 91% – which is down from our last post

In our last post the median sales price to list price was 93% 

This means if a Fort Lauderdale condo for sale here in Edgewater Arms is listed at $300,000 – then based on median sales data the condo could be expected to sell based on past sales for 93% of list price or $279,000.

Days on Market

Days on market for Condos for Sale in Edgewater Arms is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 12 months.

 $$ Days on Market
Avg 203
Med 203


We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Edgewater Arms is 203 daysup from 168 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.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Edgewater Arms is an iconic Fort Lauderdale condominium set right on the sand here on Galt Ocean Mile.

Sales have been a little slow this year here in Edgewater Arms – in my mind this is due to the complex being a co-op and requiring all cash purchases.

On a positive side however – units in this complex offer a great value for direct absolute oceanfront condos here on Galt Ocean Mile. 

I hope you have enjoyed this post on Fort Lauderdale condos for sale here in Edgewater Arms – by Kevin Wirth Realtor.