View Galt Ocean Mile condo Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale

Edgewater Arms Condos

Edgewater Arms
Fort Lauderdale

Welcome to our May 2019 / June 2019 post on Edgewater Arms Galt Ocean Mile 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 condos for sale in this complex. 

There has been 4 sales of a Galt Ocean Mile condo 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!

Edgewater Arms
Galt Ocean Mile  – Key Statistics
Edgewater Arms Condominium complex Fort Lauderdale, Florida
Address: 3600 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • 2 Units Currently for Sale
  • Median List Price $393,944
    – 2 Bedroom 2 Bathroom Unit 

Sales Data Last 6 Months

  • Median Sales Price $282,450
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price to Sq Ft Price $265.00
  • Sales Price to List Price 94%
  • Days on Market 85
View 2 bedroom Galt Ocean Mile condo for sale Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale - Unit 11C
View 2 bedroom Galt Ocean Mile condo for sale Edgewater Arms 3600 Galt Ocean Drive #11C

Edgewater Arms
Condos for Sale

Currently there are 2 x Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale – in our last post there were no units for sale.

Our market analysis report for these units is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1,400 $368,888
Max 2 / 2 1,400 $419,000
Median 2 / 2 1,400 $393,944

We can see from this report that 2 x 2 bedroom Galt Ocean Mile condos are currently for sale here in Edgewater Arms.

The median price for 1 of these 2 units for sale is $393,944this being for a 2 bedroom 2 bathroom unit of 1400 square feet.

The most expensive condo for sale is listed for sale for $419,000 and the lease expensive condo for sale is listed for sale for $368,888.

New Listings – Last 30 Days

There have been no new listings of Edgewater Arms Galt Ocean Mile condos for sale over the last 30 days – this is the same as in our last post!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!


Kevin Wirth P.A. – Realtor

Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

Edgewater Arms
Pending & Recent Sales

There are currently no units under contract and pending sale.

There have been 4 sales here in Edgewater Arms Galt Ocean Mile 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 3 posts!

View 3 bedroom Galt Ocean Mile condo recently sold Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale - Unit 16A
3 bedroom Galt Ocean Mile condo recently sold Edgewater Arms 3600 Galt Ocean Drive #16A

Edgewater Arms
Sales Last 6 Months

There have been 4 sales of Edgewater Arms Galt Ocean Mile condos over the last 6 months

Our market summary report for these sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 700 $240,000
Max 3 / 4 3,379 $825,000
Avg 2 / 2 1,579 $407,475
Median 1 / 1 1,119 $282,450

We can see from this report that the average sales price for a Galt Ocean Mile condo sold in Edgewater Arms over the last 6 months has been $407,475 – this being for a 2 bedroom 2 bathroom unit of 1,579 square feet. 

We can also see from this report that the median sales price for a condo sold in Edgewater Arms over the last 6 months has been $282,450 – this being for a 1 bedroom 1 bathroom unit of 1,119 square feet. 

Edgewater Arms
Sales by Bedroom
Here is our market summary report showing median sales price by bedroom for Edgewater Arms condos sold over these last 6 months.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 769 $252,450 $332.00
2 / 2 1,400 $300,000 $214.00
3 / 4 3,379 $825,000 $244.00

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 $252,450 this being for a 1 bedroom 1 bathroom unit of 769 square feet with a sales price to square foot price of $332.00

2 Bedroom Edgewater Arms condos sold over the last 6 months has been $300,000 this being for a 2 bedroom 2 bathroom unit of 1400 square feet with a sales price to square foot price of $214.00

3 Bedroom Edgewater Arms condos sold over the last 6 months has been $825,000 – this being for a 3 bedroom 4 bathroom unit of 3379 square feet with a sales price to square foot price of $244.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for the Edgewater Arms Galt Ocean Mile condos sold over the last 6 months.

SP$/SqFt
Min $214.00
Max $378.00
Avg $281.00
Median $265.00

We can see from this report that the median sales price to square foot price paid for the one of the Edgewater Arms condo sold over the last 6 months has been $265.00.

We can also see from this report that the highest sales price to square price paid over the last 6 months has been $378.00

% 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$/LP$
Min 84%
Max 100%
Avg 93%
Median 94%

We can see from this report that the median sales price to list price for one of the Galt Ocean Mile condos sold in Edgewater Arms over the last 6 months was 94%

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 94% of list price or $376,000.

Days on Market

Days on market for Edgewater Arms Galt Ocean Mile condos for sale 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 19
Max 205
Avg 99
Median 85

We can see from this report that the median days on market for condos sold in Edgewater Arms was 85 days or just over 12 weeks!

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

View Galt Ocean Mile condominium Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale

Edgewater Arms
Units Sold – Last 6 Months

Here is our market analysis report showing the details for Edgewater Arms Galt Ocean Mile condos sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 16A 3 / 4 3,379 $825,000
Unit 11D 2 / 2 1,400 $300,000
Unit 12E 1 / 1 700 $264,900
Unit 9B 1 / 1 838 $240,000

We can also see from this report the details for each unit sold.

We can also see the most expensive sale which was for Unit 16A a 3 bedroom unit which sold for $825,000 – this being a 3 bedroom 4 bathroom 3379 square foot condo.

Unit 16A had a sales price to square foot price of $244.00

Unit 16A had 80 days on market and sold for 92% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Edgewater Arms Galt Ocean Mile condos are units set in a truly 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!

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

It is great to report however that we have had some good sales over the last 6 months – with 4 units sold!

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