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

Edgewater Arms Condos

Edgewater Arms
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our January 2020 / February 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 is currently just 1 condos for sale in this complex.

There have been 5 sales of Edgewater Arms Galt Ocean Mile condos 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
  • 1 Units Currently for Sale
  • List Price $435,000
    – 2 Bedroom 2 Bathroom Unit 

Sales Data Last 6 Months

  • Sales Prices from $240,000 – $425,000
  • Median Sales Price $337,000
    – 2 Bedroom 2 Bathroom Units
  • Median Sales Price to Sq Ft Price $267.00
  • Median Sales Price to List Price 90%
  • Median Days on Market 42 Days
Aerial view Edgewater Arms Galt Ocean Mile condominium 3600 Galt Ocean Drive Fort Lauderdale Florida
Aerial Edgewater Arms Galt Ocean Mile condominium 3600 Galt Ocean Drive Fort Lauderdale

Edgewater Arms
Condos for Sale

Currently there is just 1 x Edgewater Arms Galt Ocean Mile condo for sale Fort Lauderdale – This is the same number of units for sale as in our last post for December 2019 / January 2020

Our market analysis report for this unit is presented below.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,155 $435,000 $377.00

We can see from this report that a 2 bedroom Edgewater Arms condo – Unit 6C is currently 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

Unit 6C is a fabulous beachfront condo with beautiful ocean views.

The condo features: modern finishes, granite kitchen, updated bathrooms and tile flooring throughout.

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


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

Aerial view Edgewater Arms Galt Ocean Mile condominium 3600 Galt Ocean Drive Fort Lauderdale Florida
Aerial Edgewater Arms Galt Ocean Mile condominium 3600 Galt Ocean Drive Fort Lauderdale

Edgewater Arms
Pending Sales

There are currently no units under contract and pending sale

In our last post there were 2 units pending sale – Unit 8F and Unit 8C both 2 bedroom 2 bathroom condos.

Edgewater Arms
Sales Last 6 Months

There have been 5 sales of Edgewater Arms Galt Ocean Mile condos over the last 6 months – this is up from the 3 sales over the preceeding 6 months as in our prior post!

Our market summary report for these 5 sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 809 $240,000
Max 2 / 2 1,400 $425,000
Avg 2 / 2 1,251 $342,400
Median 2 / 2 1,346 $337,000

We can see from this report that the median price for one of the 5 x Edgewater Arms Galt Ocean Mile condos sold over the last 6 months has been $342,400 – this being for a 2 bedroom 2 bathroom 1251 square foot unit!

We can also 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 $337,000 – this being for a 2 bedroom 2 bathroom 1346 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 $300,000 – this being for a 2 bedroom 2 bathroom 1300 square foot unit!

We can also see that there has been a mix of 1 & 2 bedroom units sold – so we review the median prices for both 1 & 2 bedroom units below

View 1 Bedroom Edgewater Arms Galt Ocean Mile condos recently sold 3600 Galt Ocean Drive Fort Lauderdale Unit 6B
1 Bedroom Edgewater Arms Galt Ocean Mile condos recently sold 3600 Galt Ocean Drive #6B

Median Sales Prices
By Bedroom

Here is our market summary report showing the median sales price for Galt Ocean Mile condos sold here in Edgewater Arms over the last 6 Months by bedroom

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 809 $240,000 $297.00
2 / 2 1,373 $373,500 $241.00

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 $240,000this being for a 1 bedroom 1 bathroom 809 square foot unit with a sales price to square foot price of $297.00 – In our last post the median sales price for 1 Bedroom Edgewater Arms condos sold over the preceding 6 months was higher at at $249,900 – 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 6 months has been $373,500this being for a 2 bedroom 2 bathroom 1373 square foot unit with a sales price to square foot price of $241.00 – In our last post the median sales price for 2 Bedroom Edgewater Arms condos sold over the preceding 6 months was higher at $387,450 – this being for a 2 bedroom 2 bathroom 1350 square foot unit with a sales price to square foot price of $262.00

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 $231.00
Max $297.00
Avg $265.00
Median $267.00

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 $267.00 – down from $293.00 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 $297.00

% 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 86%
Max 97%
Avg 91%
Median 90%

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 90% it is important to note that this is much lower that our last post when the median was 96%

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 90% of list price or $495,000.

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 97
Median 42

We can see from this report that the median days on market for condos sold in Edgewater Arms was 42 days – this is the same as in our last post but down from 61 days or just over 2 months as in our prior 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 condos recently sold 3600 Galt Ocean Drive Fort Lauderdale Unit 11A
View Edgewater Arms Galt Ocean Mile condos recently sold 3600 Galt Ocean Drive #11A

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 11A 2 / 2 1,400 $410,000
Unit 11C 2 / 2 1,300 $300,000
Unit 6B 1 / 1 809 $240,000

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 11A a 2 bedroom unit which sold for $410,000 – this being a 2 bedroom 2 bathroom 1400 square foot condo.

Unit 11A had a sales price to square foot price of $293.00

Unit 11A had 98 days on market and sold for 96.5% 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 1 unit for sale.

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 5 units sold – a very positive indicator for this great complex.

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.