View from one of the Edgewater Arms condos for sale Fort Lauderdale

Edgewater Arms

Edgewater Arms
Fort Lauderdale

Welcome to our October / November 2016 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 4 condo units for sale in this complex

There have been 2 sales of condos over the last 6 months – with a total of 5 sales over the last 12 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 $332,500
    – 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 1,410 $424,900
Low 1 / 1 639 $225,000
Avg 1.5/ 1 1,040 $328,725
Med 1.5/ 1 1,035 $332,500


We can see from this report that the median price for a condo for sale here in Edgewater Arms is $332,500

In our last post on Edgewater Arms condos for sale for August / September 2016 the median price for a condo for sale here in Edgewater Arms was $381,450 – this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

The median list price to sq ft price at $321.00 the same as in our last post.

Important to note however is that the median list price to sqft price is up from $310.00 in our earlier post which in turn was up from $278.00 in our prior post.

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

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 / 1 818 $247,000 $302
2 / 2 1,196 $410,450 $343

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

  • 1 Bedroom Edgewater Arms condos for sale is $247,000this being for a 1 bedroom 1 bathroom unit of 818 square feet with a list price to square foot price of $302.00.  In our last post the median price for 1 Bedroom Edgewater Arms condos for sale was less at $225,000 – this being for a smaller 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 $410,450 – this being for a 2 bedroom 2 bathroom unit of 1196 square feet with a list price to square foot price of $343.00.  In our last post the median price for 2 Bedroom Edgewater Arms condos for sale was less at $398,000 – this being for a larger 2 bedroom 2 bathroom unit of 1400 square feet with a list price to square foot price of $327.00.
Beach views from one of the Edgewater Arms condos for sale Fort Lauderdale
Beach views from one of the Edgewater Arms condos for sale Fort Lauderdale

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 2 posts!

In our earlier 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

 

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 the same as in our last post – but is down from 3 sales in our prior post and 5 sales as per our earlier 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 the same at $242,200 – this being for a 2 bedroom 2 bathroom unit of 1277 square feet.

In our prior 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!

Edgewater Arms Condos
Unit Details – Sales Last 6 Months

Here is our market summary report showing the details for each of these 2 units sold over the last 6 months

Condo  Beds/Baths SF/FF Sale Price
Unit6C 2 / 2 1,400 $261,900
Unit14C 2 / 2 1,155 $222,500

We can see from this report that:

Condo 6C a 2 bedroom unit sold for $261,900this 2 bedroom 2 bathroom 1400 square foot unit had a sales price to square foot price of $187.00

View Edgewater Arms condo recently sold - Unit 6C
View Edgewater Arms condo recently sold – Unit 6C

This condo has a spacious white and bright open floorplan apartment with breathtaking direct ocean views. The kitchen was just renovated only weeks ago and has brand new appliances

This Galt Ocean Mile condo sold for 96% of its list price and had 278 days on market

Condo 14C also a 2 bedroom unit sold for $222,500this 2 bedroom 2 bathroom is a smaller unit at 1,155 square feet, but the unit had a higher square foot sales price than did 6 C – at $187.00 per square foot.

View of Edgewater Arms condo recently sold - Unit 14C
View of Edgewater Arms condo recently sold – Unit 14C

This condo was an estate sale!   The unit has large bedrooms and a spacious and open floor plan ideal for entertaining.

This Galt Ocean Mile condo sold for 89% of its list price and had 129 days on market

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL 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 $190.00the same as our last post!

% 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 also the same as our last post

Note: In our prior 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 91% of list price or $273,000.

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 daysthe 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.

Edgewater Arms Sales
Last 12 Months

To get a better feel for pricing here in Edgewater Arms – we now look at sales over the last 12 months.

There have been 5 sales of condos here in Edgewater Arms over the last 12 months

The market summary report for these units is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 2 / 2 2,190 $380,000
Low 1 / 1 650 $205,000
Avg 2 / 2 1,517 $287,880
Med 2 / 2 1,400 $261,900


We can see from this report that the median sales price for a condo sold here in Edgewater Arms over the last 12 months has been $261,900 –
this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

We can also see the most expensive unit sold was sold for $380,000 – this being for a 2 bedroom 2 bathroom unit.

 

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.

As I noted in my last post sales have been a little slow this year here in Edgewater Arms – in my mind this is in large part 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.