View Fort Lauderdale condo for sale Edgewater Arms

Edgewater Arms

Edgewater Arms
Fort Lauderdale

Welcome to our February / March 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 2 condo units for sale in this complex. 

There has been 2 sales of condos in this complex over the last 6 months – and 1 unit is 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 %) 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 $209,900 – $424,900

Sales Data Last 6 Months

  • Median Sales Price $352,500
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $276.00
  • Sales Price to List Price 93%
  • Days on Market 464

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 / 1 1,410 $424,900
Low 1 / 1 639 $209,900


We can see from this report the details on these condos for sale – the most expensive unit for sale is a 2 bedroom 1 bathroom unit which is offered for sale for $424,900 and the least expensive unit a 1 bedroom 1 bathroom unit is offered for sale for $209,900!

In our last post on Edgewater Arms condos for sale for December 2016 / January 2017 when there were 6 condos for sale the median price for a condo for sale here in Edgewater Arms was $324,950 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

 

View Edgewater Arms condominium Fort Lauderdale
View Edgewater Arms condominium / co-op Fort Lauderdale

Edgewater Arms
Prices by Bedroom

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

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 639 $209,900 $328
2 / 1 1,410 $424,900 $301

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

  • 1 Bedroom Edgewater Arms condos for sale is $209,900 – this being for a 1 bedroom 1 bathroom unit of 639 square feet with a list price to square foot price of $328.00.  In our last post the median price for 1 Bedroom Edgewater Arms condos for sale was higher at $239,450 – this being for a 1 bedroom 1 bathroom unit of 782 square feet with a list price to square foot price of $306.00.
  • 2 Bedroom Edgewater Arms condos for sale is $424,900 – this being for a 2 bedroom 2 bathroom unit of 1410 square feet with a list price to square foot price of $301.00.  In our last post the median price for 2 Bedroom Edgewater Arms condos for sale was over $44,000 lower at $380,450 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet with a list price to square foot price of $326.00.

Edgewater Arms
New Listings – Last 30 Days

There has been no new listing of Edgewater Arms condos for sale over the last 30 days

In our last post there was 1 new listing – a 2 bedroom unit listed for sale for $285,000 – this 2 bedroom 2 bathroom 1155 square foot unit has a list price to square foot price of $246.00

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

 

View Galt Ocean Mile condo pending sale Edgewater Arms - Unit 6E
View Galt Ocean Mile condo pending sale Edgewater Arms – Unit 6E

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 is currently 1 unit pending sale

In our last 4 posts there were no units pending sale!

Our market analysis report for this unit is presented below

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 950 $269,000 $283

We can see from this report that a 1 bedroom condo – Unit 6E, listed for sale for $269,000 is now pending sale.

This 1 bedroom 1 bathroom 950 square foot unit has a list price to square foot price of $283.00 

This Galt Ocean Mile condo offers a direct ocean view!

The unit features a large enclosed balcony with Murphy bed and Hurricane impact windows.   Other features include: a recently updated kitchen and bathroom and tile throughout the living areas.

This condo was offered for sale with Seller Financing

Unit 6E had 178 days on market – or just under 6 months!

View 2 bedroom condo recently sold Edgewater Arms Galt Ocean Mile - Unit 8C
View 2 bedroom condo recently sold Edgewater Arms Galt Ocean Mile – Unit 8C

Edgewater Arms
Sales Last 6 Months

There have been 2 sales of condos here in Edgewater Arms over the last 6 months  – this is up from 1 sale as in our last post!

The market summary report for this unit is presented below.

$$  Beds/Baths SF/FF Sale Price
High 2 / 2 1,400 $360,000
Low 2 / 2 1,154 $345,000
Avg 2 / 2 1,277 $352,500
Med 2 / 2 1,277 $352,500


We can see from this report that the sales price for a condo sold here in Edgewater Arms over the last 6 months was $352,500
this being for a 2 bedroom 2 bathroom unit of 1277 square feet.

Note both sales were sales of 2 bedroom condos!

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
High $312
Low $293
Avg $276
Med $276


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 $276.00!

Note the highest sales price to square foot price paid at $312.00!

% 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$/LP$
High 95%
Low 91%
Avg 93%
Med 93%


We can see from this report that the median sales price to list price for a condos sold in Edgewater Arms was 93% 

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 93% of list price or $372,000.

Note the highest sales price to list price at 95% and the lowest at 91%

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 6 months.

$$  Days on Market
High 603
Low 326
Avg 464
Med 464


We can see from this report that the  days on market for a condo sold in Edgewater Arms was 464 days
or just over 15 months!

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

Condo  Beds/Baths SF/FF Sale Price
Unit 8C 2 / 2 1,154 $360,000
Unit14F 2 / 2 1,400 $345,000

We can see from this report that the highest sale for a Galt Ocean Mile condo here in Edgewater Arms was for unit 8C a 2 bedroom unit sold for $360,000this 2 bedroom 2 bathroom 1154 square foot unit had a sales price to square foot price of $312.00

This Galt Ocean condo offers an open flowing modern design.

Features impact windows that slide wide open to give you direct ocean views and ocean breezes.   The unit has large porcelain tiles, a modern kitchen and bathrooms and two enormous bedrooms give you a great sense of comfort, openness and luxury!

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.

Currently we have a shortage of inventory – with just 2 units for sale!

However both the units for sale are well worth viewing if your looking for a Galt Ocean Mile condo right on the sand!

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