Edgewater Arms Galt Ocean Mile condos for sale3600 Galt Ocean Dr, Fort Lauderdale, FL 33308

Edgewater Arms Condos

Edgewater Arms
Fort Lauderdale

Welcome to our December 2017 / January 2018 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 no condos for sale in this complex. 

There have been 2 sales of Galt Ocean Mile condos 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
  • No Units Currently for Sale 

Sales Data Last 6 Months

  • Median Sales Price $350,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price to Sq Ft Price $282.00
  • Sales Price to List Price 96%
  • Days on Market 46
Edgewater Arms Galt Ocean Mile condos for sale
Beach views from Edgewater Arms Galt Ocean Mile condos for sale

Edgewater Arms
Condos for Sale

Currently there are no Edgewater Arms Galt Ocean Mile condos for sale Fort Lauderdale.

In our last post on Edgewater Arms condos for sale for November / December 2017 there was just 1 condo for sale!

This was Unit 2E a 1 bedroom condo offered for sale for $239,000 – this 1 bedroom 1 bathroom 700 square foot unit has a list price to square foot price of $341.00

View Galt Ocean Mile condo just sold in Edgewater Arms - Unit 2E
View Galt Ocean Mile condo just sold in Edgewater Arms – Unit 2E

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

In our last post we had 1 new listing Unit 2E a 1 bedroom 700 square foot condo which was offered for sale for $239,000 – this unit had a list price to square foot price of $341.00

 

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 Fort Lauderdale
View Galt Ocean Mile condo Edgewater Arms Fort Lauderdale

Edgewater Arms
Pending & Recent Sales

There are currently no units pending sale and there has been just 2 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 2 posts!

Edgewater Arms
Sales Last 6 Months

There have been just 2 sales of Edgewater Arms Galt Ocean Mile condos over the last 6 months

In our last post for October and November there had been 2 sales over the preceding 6 months – both of these for 2 bedroom units.

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

BEDS / BATHS LA SP$
Min 1 / 1 700 $220,000
Max 2 / 2 1400 $350,000
Median 1 / 1 1050 $285,000

We can see from this report that the median price for an Edgewater Arms Galt Ocean Mile condo sold over the last 6 months has been $285,000this being for a 1 bedroom 1 bathroom unit of $285,000.

We can also see that the:

  • highest price paid for a unit sold over the last 6 months has been $350,000 – this being for a 2 bedroom unit
  • lowest price paid over the last 6 months was $285,000 – this being for a 1 bedroom unit!
View Fort Lauderdale condo for sale Edgewater Arms
View Fort Lauderdale condo for sale Edgewater Arms Galt Ocean Mile

Edgewater Arms
Sales by Bedroom

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

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 700 $220,000 $314.00
2 / 2 1400 $350,000 $250.00

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 $220,000 this being for a 1 bedroom 1 bathroom unit of 700 square feet with a sales price to square foot price of $314.00 – In our last post for Oct/Nov 2017 the median for 1 bedroom Edgewater Arms condos sold over the preceding 6 months was higher at $264,000 – this being for a larger 1 bedroom 1 bathroom unit of 950 square feet with a sales price to square foot price of $278.00

2 Bedroom Edgewater Arms condos sold over the last 6 months has been $350,000 this being for a 2 bedroom 2 bathroom unit of 1400 square feet with a sales price to square foot price of $250.00 – In our last post for Oct/Nov 2017 the median for 2 Bedroom Edgewater Arms condos sold over the preceding 6 months was slightly higher at $355,000 – this however being for a smaller 2 bedroom 2 bathroom unit of 1178 square feet with a sales price to square foot price of $302.00

Square Foot Prices
Condos Sold

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

SP$/SqFt
Min $250.00
Max $314.00
Median $282.00

We can see from this report that the median sales price to square foot price paid for the one Edgewater Arms condo sold over the last 6 months was $282.00!

Also important to note is the highest sales price to square foot price paid at $314.00 per square foot! 

% 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 92%
Max 100%
Median 96%

We can see from this report that the median sales price to list price for a condos sold in Edgewater Arms 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 22
Max 70
Median 46

We can see from this report that the median days on market for a condo sold in Edgewater Arms was 46 days – or just under 7 weeks!

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

Edgewater Arms
Units Sold – Last 6 Months

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

BEDS / BATHS LA SP$
Unit 1D 2 / 2 1400 $350,000
Unit 2E 1 / 1 700 $220,000

We can also see from this report the most expensive unit sold here in Edgewater Arms over the last 6 months (Unit 1D) which sold for $350,000

This 2 bedroom 2 bathroom 1400 square foot unit had a sales price to square foot price of $250.00

Unit 1D had just 22 days on market and sold for 100% 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 real shortage of inventory – with no units currently for sale!

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.