Edgewater Arms Galt Ocean Mile condos for sale3600 Galt Ocean Dr, Fort Lauderdale, FL 33308

Edgewater Arms

Edgewater Arms
Fort Lauderdale

Welcome to our August / September 2017 post on Edgewater Arms condos for sale Fort Lauderdale

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.

Search Edgewater Arms Condos for Sale

 

There are currently no condos for sale in this complex. 

There have been 3 sales of condos in this 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 %) 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

Sales Data Last 6 Months

  • Median Sales Price $350,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $278.00
  • Sales Price to List Price 99%
  • Days on Market 22
View Fort Lauderdale oceanfront condo for sale Edgewater Arms Galt Ocean Mile
View Fort Lauderdale oceanfront condo for sale Edgewater Arms Galt Ocean Mile

Edgewater Arms
Condos for Sale

Currently there are no Edgewater Arms condos for sale Fort Lauderdale.

In our last post on Edgewater Arms condos for sale for July / August 2017 there was just 1 condo for sale – a 2 bedroom unit offered for sale for $350,000 – this being a 2 bedroom 2 bathroom 1400 square foot unit with a list price to square foot price of $250.00

 

New Listings – Last 30 Days

There has been no new listing of Edgewater Arms condos for sale over the last 30 days – this is the same as in our last 3 posts!

 

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 Galt Ocean Mile condo Edgewater Arms Fort Lauderdale
View Galt Ocean Mile condo Edgewater Arms Fort Lauderdale

Edgewater Arms
Pending & Recent Sales

There are currently no units pending sale and there have been 3 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 post!

 

Edgewater Arms
Sales Last 6 Months

There have been 3 sales of Galt Ocean Mile condos here in Edgewater Arms over the last 6 months

This is down from 4 sales in our last post for June / July 2017

The market summary report for these sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 950 $264,000
Max 2 / 2 1400 $375,000
Avg 2 / 2 1176 $329,666
Median 2 / 2 1178 $350,000

We can see from this report that the average sales price for a condo sold here in Edgewater Arms over the last 6 months was $329,666 – this being for a 2 bedroom 2 bathroom unit of 1176 square feet.

We can also see that the median sales price for a Galt Ocean Mile condo sold here in Edgewater Arms over the last 6 months was $350,000this being for a 2 bedroom 2 bathroom unit of 1178 square feet.

In our last post the the median sales price for a condo sold here in Edgewater Arms over the preceding 6 months was a little higher at $352,500 – this being for a 2 bedroom 2 bathroom unit of 1168 square feet.

Beach views from one of the Edgewater Arms condos Fort Lauderdale
Beach views from one of the Edgewater Arms condos Fort Lauderdale

Edgewater Arms
Sales by Bedroom

Here is our market summary report showing median sales price by bedroom for units sold here in Edgewater Arms over the last 6 months.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 950 $264,000 $278.00
2 / 2 1289 $362,500 $284.00

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

1 Bedroom Edgewater Arms condos sold over the last 6 months has been $264,000 this being for a 1 bedroom 1 bathroom unit of 950 square feet with a sales price to square foot price of $278.00 – this is the same as in our last post!

2 Bedroom Edgewater Arms condos sold over the last 6 months has been $362,500 this being for a 2 bedroom 2 bathroom unit of 1289 square feet with a sales price to square foot price of $284.00 – In our last post the median for 2 Bedroom Edgewater Arms condos sold over the prior 6 months was slightly less at $360,000 – this being for a 2 bedroom 2 bathroom unit of 1178 square feet with a sales price to square foot price of $312.00

Square Foot Prices
Condos Sold

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

SP$/SqFt
Min $250.00
Max $318.00
Avg $282.00
Median $278.00

We can see from this report that the median sales price to square foot price paid for the one Edgewater Arms condo sold over the last 6 months was $302.00 – down from $302.00 as in our last post!

Also important to note is the highest sales price to square foot price paid at $318.00 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$/LP$
Min 98%
Max 100%
Avg 99%
Median 99%

We can see from this report that the median sales price to list price for a condos sold in Edgewater Arms was 99%  – this is up from 96% in our last post for June / July 2017!

This means if a Fort Lauderdale condo for sale here in Edgewater Arms is listed at $400,000 – then based on median sales data the condo could be expected to sell based on past sales for 99% of list price or $384,000.

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 oceanfront condos for sale in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 6
Max 178
Avg 68
Median 22

We can see from this report that the median days on market for a condo sold in Edgewater Arms was 22 days – or less than 1 month!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Edgewater Arms Condos
Unit Details – Sales Last 6 Months

Here is our market summary report showing the details for the unit sold over the last 6 months

UNIT BEDS / BATHS LA SP$
1 F 2 / 2 1178 $375,000
1 D 2 / 2 1400 $350,000
6 E 1 / 1 950 $264,000

We can see from this report that the highest sale for a Galt Ocean Mile condo here in Edgewater Arms was for unit 1F a 2 bedroom unit sold for $375,000this 2 bedroom 2 bathroom 1178 square foot unit had a sales price to square foot price of $318.00

This Galt Ocean condo sold for 100% of its list price and had just 6 days on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

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

Currently we have a real shortage of inventory – with no units for sale!

This tends to be how things go in Edgewater Arms – it is either feast or famine….

Encouraging to see the increase in sales price to list price – up from 93% to 96% and now in this post to a very strong 99%!

Also encouraging is the median days on market at just 22 days!

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