Ocean views from Edgewater Arms condos for sale here in Fort Lauderdale

Edgewater Arms

Edgewater Arms
Fort Lauderdale

Welcome to our February / March 2016 post on Edgewater Arms condos for sale.

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 5 condo units for sale in this complex – all of which are 2 bedroom units!

There have been 2 new listings in the last 30 days.

There have been 5 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 $275,000 – $410,000
  • Median List Price $342,500
    – 2 Bedroom 2 Bathroom Unit

Sales Data Last 6 Months

  • Median Sales Price $370,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to List Price 88%
  • Days on Market 168
Edgewater Arms condominium here on Galt Ocean Mile
Edgewater Arms condominium here on Galt Ocean Mile

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

Important to note is that all units for sale are 2 bedroom condos!

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,400 $424,900
Low 2 / 2 1,155 $275,000
Avg 2 / 2 1,244 $368,267
Med 2 / 2 1,178 $392,450

 

We can see from this report that the median price for a condo for sale here in Edgewater Arms is $392,450 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

  • In our post for Dec / Jan the median price for a condo for sale here in Edgewater Arms was $389,900 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.
  • In our post for Nov / Dec the median price for a condo for sale here in Edgewater Arms was $384,450 – this being for a 2 bedroom 2 bathroom unit of 1166 square feet.
  • In our post for Sept / Oct the median price for a condo for sale here in Edgewater Arms was $389,900 – this being for a 2 bedroom 2 bathroom unit of 1178 square feet.
  • In our post for August / Sept the median price for a condo for sale here in Edgewater Arms was $344,400 – this being for a 2 bedroom 2 bathroom unit of 1155 square feet.

It is also important to note the median list price to sq ft price at $278.00 – down from $299.00  in our last post.

Note: Currently the MLS reports that there are 6 x Edgewater Arms condos for sale – however there are actually just 5 units for sale as unit 9C has been listed for sale twice in the MLS

Oceanfront views from a condo just listed for sale in Edgewater Arms
Oceanfront views from a condo just listed for sale in Edgewater Arms

Edgewater Arms
New Listings – Last 30 Days

There has been 2 new listings of Edgewater Arms condos for sale over the last 30 days.

Our market summary report for these units is presented below.

Condo  Beds/Baths SF/FF List Price
Unit 8C 2 / 2 1,155 $410,000
Unit14C 2 / 2 1,155 $275,000
Average 2 / 2 1,155 $342,500
Median 2 / 2 1,155 $342,500


We can see from this report that details for both the new listings as well as the average and median pricing data.

The median price for one of the two new listings is $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

New Listing Notes

Here are our notes on the new listings in Edgewater Arms.

  • Condo Unit 8C has been listed for sale for $410,000this 2 bedroom 2 bathroom 1155 square foot unit has a list price to square foot price of $355.00.  This condo offers an “open” and modern design.   The unit features impact windows that slide wide open to give you direct ocean views and ocean breezes. There are large porcelain tiles, a modern kitchen and bathrooms as well as two enormous bedrooms that give you a great sense of comfort and luxury.
  • Condo Unit 14C has been listed for sale for $275,000 this 2 bedroom 2 bathroom 1155 square foot unit has a list price to square foot price of $238.00.  This condo is an estate sale!   This oceanfront unit has enclosed balcony with lovely ocean views.

 

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

 

View from Fort Lauderdale oceanfront condo recently sold here in Edgewater Arms
View from Fort Lauderdale oceanfront condo recently sold here in Edgewater Arms

Edgewater Arms
Pending & Recent Sales

There is currently no units pending sale and there have been 5 sales over the last 6 months.

Edgewater Arms
Pending Sales

There is currently no unit pending sale here in Edgewater Arms – in our last post 1 unit was pending sale and this was a 2 bedroom unit!

Edgewater Arms
Sales Last 6 Months

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

The market summary report for these units is presented below.

$$  Beds/Baths SF/FF Sale Price
High 3 / 4 3,379 $509,000
Low 1 / 1 650 $205,000
Avg 2 / 2 1,908 $341,800
Med 2 / 2 2,190 $370,000


We can see from this report that the median sales price for a condo sold here in Edgewater Arms has been $370,000 –
this being for a 2 bedroom 2 bathroom unit of 2190 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 $245,000 – this being for a 2 bedroom 2 bathroom unit of 1132 square feet.

Note the highest priced unit sold at $509,000 and the lowest priced unit sold at $205,000!

Sales by Bedroom

Here is our market summary report showing median sales price for Edgewater Arms condos by bedroom – for the last 6 months.

Beds/Baths SF/FF Sale Price SP$/SqFt
1 / 1 650 $205,000 $315
2 / 2 2,190 $370,000 $195
3 / 4 3,379 $509,000 $151


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

  • the 1 x 1 bedroom unit sold over the last 6 months has been $205,000this being for a 1 bedroom 1 bathroom unit of 650 square feet with a sales price to square foot price of $315.00
  • the 3 x 2 Bedroom units sold over the last 6 months has been $370,000 – this being for a 2 bedroom 2 bathroom unit of 2190 square feet with a sales price to square foot price of $195.00
  • the 1 x 3 Bedroom unit sold over the last 6 months has been $509,000this being for a 3 bedroom 4 bathroom unit of 3379 square feet with a sales price to square foot price of $151.00

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 $315
Low $151
Avg $214
Med $195


We can see from this report that the median sales price to square foot price paid for a Edgewater Arms condo sold over the last 6 months has been $195.00 per square foot.

Important to note is the range of prices paid for units here in Edgewater Arms – from a low of $151.00 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 89%
Med 88%


We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Edgewater Arms  has been 88% – this is the same as in our last post!

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 88% of list price or $264,000.

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 156
Med 168


We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Edgewater Arms is 168 days – also the same 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 inconic Fort Lauderdale condominium set right on the sand here on Galt Ocean Mile.

Right now there is a great choice of 2 bedroom units for sale – in fact this is one of the largest offerings of 2 bedroom units at one time for a number of year!

Being a co-op means that buyers typically have to pay cash for there units, but it also means that units tend to offer great value than typical Galt Ocean Mile condos for sale – which are generally higher priced.

The mid-century lines of Edgewater Arms also are very appealing as its great location in the middle of Galt Ocean Mile.

If your looking to purchase a 2 bedroom “direct” oceanfront condo here in Fort Lauderdale then I suggest you include Edgewater Units in your list of units to inspect.

 

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