Edgewater Arms Galt Ocean Mile condos for sale

Edgewater Arms

Edgewater Arms
Fort Lauderdale

Welcome to our October / November 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 just 1 condo for sale in this complex. 

There have been 5 sales of Galt Ocean Mile condos in this complex 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 & 12 months!

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

Key Statistics for Buyers / Sellers
  • Unit for Sale $239,000
    – 1 Bedroom 1 Bathroom Unit

Sales Data Last 12 Months

  • Median Sales Price $350,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $293.00
  • Sales Price to List Price 98%
  • Days on Market 178
View Edgewater Arms complex here on Galt Ocean Mile
View Edgewater Arms complex here on Galt Ocean Mile

Edgewater Arms
Condos for Sale

Currently there is 1 x Edgewater Arms condos for sale Fort Lauderdale.

In our last post on Edgewater Arms condos for sale for September / October 2017 there were no condos for sale

Our market analysis report for the one Edgewater Arms condo for sale is presented below

CONDO BEDS / BATHS LA LP$
Unit 2E 1 / 1 700 $239,000

We can see from this report that Unit 2E a 1 bedroom condo is offered for sale for $239,000this 1 bedroom 1 bathroom 700 square foot unit has a list price to square foot price of $341.00

View Galt Ocean Mile condo just listed for sale Edgewater Arms - Unit 2E
View Galt Ocean Mile condo just listed for sale Edgewater Arms – Unit 2E

New Listings – Last 30 Days

There has been 1 new listing of Edgewater Arms condos for sale over the last 30 days – this is up from no new listings as in our last 3 posts!

Our market analysis report for this new listing is presented below

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 700 $239,000 $341.00

We can see from this report that Unit 2E (listed above) is our new listing.

This 1 bedroom 700 square foot condo is offered for sale for $239,000 – the unit has a list price to square foot price of $341.00

Unit 2E offers million dollar direct ocean views!

This Galt Ocean Mile condo features: an updated kitchen with high-end stainless steel appliances, Corian countertops, & indirect LED lighting.  The unit has Porcelain wood-look flooring and LED lighting throughout.

This condo has an enclosed balcony and hurricane impact windows.

The unit has a newer A/C and a vintage mid-century bathroom in immaculate shape.

This unit is available turn-key with all the furnishings.

Seller Financing is available too!

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

Click here to email me now

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 5 sales of condos here in Edgewater Arms over the last 12 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 Galt Ocean Mile condos here in Edgewater Arms over the last 6 months – both 2 bedroom units!

This is down from 3 sales in our last post for August / September and 4 sales in our last post for June / July 2017!

The market summary report for these 2 sales is presented below.

CONDOS BEDS / BATHS LA SP$
Unit 1F 2 / 2 1178 $375,000
Unit 1D 2 / 2 1400 $350,000

We can see from this report that:

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

Unit 1F offers direct expansive ocean views.   This condo is a ground floor beach home right on the sand.   The unit is in pristine condition and has been immaculately maintained!

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

Unit 1D a 2 bedroom unit sold for $350,000 – this 2 bedroom 2 bathroom 1400 square foot unit had a sales price to square foot price of $250.00

Unit 1D has been renovated to perfection! This Sout East corner unit has beautiful ocean views.   The unit has a new kitchen with custom cabinetry, Granite countertops and stainless steel appliances.

This Galt Ocean Mile “direct oceanfront” condo had just 22 days on market and also sold for 100% of its list price!

Views Fort Lauderdale condo sold in Edgewater Arms in last 12 months
Views Fort Lauderdale condo sold in Edgewater Arms in last 12 months

Edgewater Arms
Sales Last 12 Months

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

The market summary report for these 5 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 950 $264,000
Max 2 / 2 1400 $375,000
Avg 2 / 2 1172 $338,800
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 12 months was $338,800 – this being for a 2 bedroom 2 bathroom unit of 1172 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 12 months was $350,000this being for a 2 bedroom 2 bathroom unit of 1178 square feet.

Edgewater Arms
Sales by Bedroom

Here is our market summary report showing median sales price by bedroom for Galt Ocean Mile condos sold here in Edgewater Arms over the last 12 months.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 950 $264,000 $278.00
2 / 2 1178 $355,000 $302.00

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

1 Bedroom Edgewater Arms condos sold over the last 12 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 – Note only 1 x 1 bedroom unit has been sold over the last 12 months!

2 Bedroom Edgewater Arms condos sold over the last 12 months has been $355,000 this being for a 2 bedroom 2 bathroom unit of 1178 square feet with a sales price to square foot price of $302.00 

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 12 months.

SP$/SqFt
Min $250.00
Max $318.00
Avg $290.00
Median $293.00

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 12 months was $293.00!

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 90%
Max 1100%
Avg 97%
Median 98%

We can see from this report that the median sales price to list price for a condos sold in Edgewater Arms was 98%

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 98% of list price or $392,000.

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 12 months.

DOM
Min 6
Max 603
Avg 227
Median 178

We can see from this report that the median days on market for a condo sold in Edgewater Arms was 178 days – or just under 6 months!

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

It is also important to note the average days on market at 227 days or approximately 7.5 month – which is high for Galt Ocean Mile condos.

Edgewater Arms Condos
Unit Details – Sales Last 12 Months

Here is our market summary report showing the details for the unit sold over the last 12 months

CONDO BEDS / BATHS LA SP$
Unit 1F 2 / 2 1178 $375,000
Unit 8C 2 / 2 1155 $360,000
Unit 1D 2 / 2 1400 $350,000
Unit 14F 2 / 2 1178 $345,000
Unit 6E 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 just 1 unit for sale!

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

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