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

Edgewater Arms Condos

Edgewater Arms
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our August 2020 / September 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 3 condos for sale in this complex all 2 bedroom units!

There have been 1 sale of an Edgewater Arms Galt Ocean Mile condo over the last 6 months and a total of 5 sales over the last 12 months.

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 & 12 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
  • 3 Units Currently for Sale
  • Median List Price $409,990
    – 2 Bedroom 2 Bathroom Unit 

Sales Data Last 12 Months

  • Sales Prices from $240,000 – $425,000
  • Median Sales Price $410,000
    – 2 Bedroom 2 Bathroom Unit
  • Median Sales Price to Sq Ft Price $295.00
  • Median Sales Price to List Price 96%
  • Median Days on Market 98 Days
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
Condos for Sale

Currently there are 3 x Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale – all of which are 2 bedroom units!

This is down from 5 units for sale as in our last post for June 2020 / July 2020

Our market analysis report for these units is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1,155 $379,000
Max 2 / 2 1,400 $415,900
Avg 2 / 2 1,252 $401,630
Median 2 / 2 1,200 $409,990

We can see from this report that the median list price for one of the 3 x 2 bedroom Edgewater Arms condos currently for sale is $409,990 – this being for a 2 bedroom 2 bathroom 1200 square foot unit with a list price to square foot price of $316.00

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 down from 2 new listings 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

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

Edgewater Arms
Pending Sales

There are currently 1 unit under contract and pending sale – In our last 3 posts there were no units pending sale!

Our market analysis report for this new listing is presented below:

BEDS / BATHS LA LP$
Unit 10C 2 / 2 1,155 $359,000

We can see from this report that Unit 10C a 2 bedroom Edgewater Arms condo listed for sale for $359,000 is now pending sale – this 2 bedroom 2 bathroom 1155 square foot unit has a list price to square foot price of $311.00

Unit 10C offers panoramic oceanfront views and is a beautiful 2 bedroom 2 bathroom unit.  This Galt Ocean Mile condo for sale has private beach access, a doorman, pool, exercise room and more!

The unit has Hurricane windows all around!

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

Edgewater Arms Sales
Last 6 Months

There have been just 1 sale of an Edgewater Arms Galt Ocean Mile condo over the last 6 months 

Our market summary report for this sale is presented below:

BEDS / BATHS LA SP$
Unit 5A 2 / 2 1,400 $419,000

We can see from this report that unit 5A a 2 bedroom Edgewater Arms condo sold for $419,000 – this unit was a 2 bedroom 2 bathroom 1400 square foot unit and had a sales price to square foot price of $299.00

Unit 5A had 135 days on market and sold for 97% of its list price!

Edgewater Arms Sales
Last 12 Months

There have been 5 sales of an Edgewater Arms Galt Ocean Mile condo over the last 12 months 

Our market summary report for these sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 809 $240,000
Max 2 / 2 1,400 $425,000
Avg 2 / 2 1,271 $366,200
Median 2 / 2 1,400 $410,000

We can see from this report that the median price for one of the Edgewater Arms Galt Ocean Mile condos sold over the last 12 months has been $410,000 – this being for a 2 bedroom 2 bathroom 1400 square foot unit!

In our last post the median sales price for Edgewater Arms Galt Ocean Mile condos sold over the preceding 12 months was lower at $337,000 – this being for a 2 bedroom 2 bathroom 1346 square foot unit!

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

Edgewater Arms Condos
Median Sales Prices by Bedroom

Here is our market analysis report showing the median sales price for Edgewater Arms condos sold over the last 12 months – by bedroom!

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 809 $240,000 $297.00
2 / 2 1,400 $414,500 $293.00

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 $240,000 – this being for a 1 bedroom 1 bathroom 809 square foot unit with a sales price to square foot price of $297.00

2 Bedroom Edgewater Arms condos sold over the last 12 months has been $414,500 – this being for a 2 bedroom 2 bathroom 1400 square foot unit with a sales price to square foot price of $293.00

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 12 months.

SP$/SqFt
Min $241.00
Max $299.00
Avg $282.00
Median $295.00

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 12 months has been $295.00 – up from $267.00 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 97%
Avg 94%
Median 96%

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 12 months was 96%

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 96% of list price or $384,000.

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 20
Max 294
Avg 116
Median 98

We can see from this report that the median days on market for condos sold in Edgewater Arms was 98 days or 14 weeks – up from 42 days or 6 weeks 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.

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 3 condos for sale – all of which 2 bedroom units!

We have had 5 units sold over the last 12 months and 1 unit is currently pending sale!

Sales activity was impacted by the Corona-Virus and I am pleased to report that buyer activity is on the rise!

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