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

Edgewater Arms Condos

Edgewater Arms
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our April 2020 / May 2020 pricing guide for Edgewater Arms Galt Ocean Mile Condos 3600 Galt Ocean Drive, Fort Lauderdale, Florida

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 2 condos for sale in this complex – both 2 bedroom units!

There have been 2 sales of Edgewater Arms Galt Ocean Mile condos over the last 6 months  – also both 2 bedroom units!

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 $427,000
    – 2 Bedroom 2 Bathroom Unit 

Sales Data Last 6 Months

  • Sales Prices from $337,000 – $425,000
  • Median Sales Price $381,000
    – 2 Bedroom 2 Bathroom Units
  • Median Sales Price to Sq Ft Price $279.00
  • Median Sales Price to List Price 89%
  • Median Days on Market 157 Days
View Edgewater Arms Galt Ocean Mile condominium 3600 Galt Ocean Drive Fort Lauderdale
View Edgewater Arms Galt Ocean Mile condominium 3600 Galt Ocean Drive Fort Lauderdale

Edgewater Arms
Condos for Sale

Currently there are 2 x Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale – both 2 bedroom units!

This is up from 1 unit for sale as in our last post for January 2019 / February 2020

Our market analysis report for these units is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1,400 $415,000
Max 2 / 2 1,400 $439,000
Avg 2 / 2 1,400 $427,000
Median 2 / 2 1,400 $427,000

We can see from this report that the median list price for one of the 2 x 2 bedroom Edgewater Arms condos currently for sale is $435,000 – this being for a 2 bedroom 2 bathroom 1400 square foot unit with a list price to square foot price of $305.00

In our last post there was just 1 unit for sale – also a 2 bedroom Edgewater Arms condo.  This was Unit 6C listed for sale for $435,000 – this 2 bedroom 2 bathroom 1155 square foot unit has a list price to square foot price of $377.00

New Listings – Last 30 Days

There have been no new listing 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

Beach views Edgewater Arms Galt Ocean Mile condominium 3600 Galt Ocean Drive Fort Lauderdale
Beach views Edgewater Arms Galt Ocean Mile condominium 3600 Galt Ocean Drive

Edgewater Arms
Pending Sales

There are currently no units under contract and pending sale – In our last post there were also no units pending sale!

Edgewater Arms
Sales Last 6 Months

There have been 2 sales of Edgewater Arms Galt Ocean Mile condos over the last 6 months – this is well down from the 5 sales over the preceding 6 months as in our prior post!

Our market summary report for these 2 sales is presented below:

BEDS / BATHS LA SP$
Min 2 / 2 1,346 $337,000
Max 2 / 2 1,400 $425,000
Avg 2 / 2 1,373 $381,000
Median 2 / 2 1,373 $381,000

We can see from this report that the median price for one of the Edgewater Arms Galt Ocean Mile condos sold over the last 6 months has been $381,000 – this being for a 2 bedroom 2 bathroom 1373 square foot unit!

In our last post the median price median price for one of the Edgewater Arms condos sold over preceding 6 months was lower at $337,000 – this being for a 2 bedroom 2 bathroom 1346 square foot unit!

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 $240.00
Max $316.00
Avg $279.00
Median $279.00

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 $279.00 – up from $267.00 as in our last post!

We can also see from this report that the highest sales price to square price paid over the last 6 months has been $316.00 – up from $297.00 as in 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$/LP$
Min 89%
Max 90%
Avg 89%
Median 89%

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 89% up from our last post when the median was 90%

This means if a Fort Lauderdale condo for sale here in Edgewater Arms is listed at $550,000 – then based on median sales data the condo could be expected to sell based on past sales for 89% of list price or $489,500.

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 20
Max 294
Avg 157
Median 157

We can see from this report that the median days on market for condos sold in Edgewater Arms was 157 days or just over 5 months – this is well up from 42 days 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.

View Edgewater Arms Galt Ocean Mile condo 3600 Galt Ocean Drive Fort Lauderdale recently sold Unit 8F
View Edgewater Arms Galt Ocean Mile condo 3600 Galt Ocean Drive recently sold Unit 8F

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

BEDS / BATHS LA SP$
Unit 8F 2 / 2 1,346 $425,000
Unit 8C 2 / 2 1,400 $337,000

We can also see from this report the details for both units sold.

We can also see the most expensive sale which was for Unit 8F a 2 bedroom unit which sold for $425,000 – this being a 2 bedroom 2 bathroom 1346 square foot condo.

Unit 8F had a sales price to square foot price of $316.00

Unit 8F had just 20 days on market and sold for 90% 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 just 2 units for sale – both 2 bedroom units!

Over the last 6 months we have had a real shortage of inventory – with just one to two units for sale at any one time!

Despite this shortage of inventory we have had 2 units sold!

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.