Edgewater Arms
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our October 2020 / November 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 2 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 & 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 6 Months
- Sales Prices from $310,000 – $419,000
- Median Sales Price $364,500
– 2 Bedroom 2 Bathroom Unit - Median Sales Price to Sq Ft Price $284.00
- Median Sales Price to List Price 91%
- Median Days on Market 95 Days
Edgewater Arms
Condos for Sale
Currently there are 3 x Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale – all of which are 2 bedroom units!
This is the same number of units for sale as in our last post for August 2020 / September 2020
Our market analysis report for these units is presented below:
| BEDS / BATHS | LA | LP$ | |
| Min | 2 / 2 | 1,155 | $349,000 |
| Max | 2 / 2 | 1,400 | $415,000 |
| Avg | 2 / 2 | 1,252 | $391,330 |
| 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 $316.00 – This is the same as in our last post!
New Listings – Last 30 Days
There has been 1 new listing of a Edgewater Arms Galt Ocean Mile condo for sale over the last 30 days – this is up from no new listings as in our last post!
Our market analysis report for this new listing is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 6C | 2 / 2 | 1,400 | $415,000 |
We can see from this report that Unit 6C a 2 bedroom Edgewater Arms condo has just been listed for sale for $415,000 – this 2 bedroom 2 bathroom 1400 square foot unit has a list price to square foot price of $296.00
Unit 6C offers beautiful ocean views.
This Galt Ocean Mile condo for sale features: modern finishes, a Granite kitchen, updated bathrooms and tile flooring throughout.
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337
Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings
View Galt Ocean Mile condominium Edgewater Arms 3600 Galt Ocean Drive Fort Lauderdale
Edgewater Arms
Pending Sales
There are currently no units under contract and pending sale – In our last post there was 1 unit pending sale – Unit 10C a 2 bedroom 2 bathroom unit!
Edgewater Arms Sales
Last 6 Months
There have been 2 sales of Edgewater Arms Galt Ocean Mile condos over the last 6 months – both 2 bedroom units.
Our market summary report for these sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 2 / 2 | 1,155 | $310,000 |
| Max | 2 / 2 | 1,400 | $419,000 |
| Avg | 2 / 2 | 1,278 | $364,500 |
| Median | 2 / 2 | 1,277 | $364,500 |
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 $364,500 – this being for a 2 bedroom 2 bathroom 1277 square foot unit!
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for the Edgewater Arms Galt Ocean Mile condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $268.00 |
| Max | $299.00 |
| Avg | $284.00 |
| Median | $284.00 |
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 $284.00
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Fort Lauderdale condos for sale here in Edgewater Arms – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 86% |
| Max | 97% |
| Avg | 91% |
| Median | 91% |
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 91%
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 91% of list price or $364,000.
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 | 56 |
| Max | 135 |
| Avg | 96 |
| Median | 95 |
We can see from this report that the median days on market for condos sold in Edgewater Arms was 95 days or just over 3 months
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
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 2 units sold over the last 12 months – a reflection of the impact of the Corona Virus and the Galt being shut to Realtors for several months.
I am however 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.