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Edgewater real estate prices
When moving to another place, there are a lot of factors to take into account, such as the job market, healthcare, and education options. Still, one important factor is the first to be considered – the real estate market condition. So, if you want to move to Edgewater, FL, the first thing to research is the Edgewater real estate prices. However, this task is challenging since the market trends are changing on a daily basis. Luckily, the movers and packers Miami residents rely on have conducted thorough research. Therefore, let’s explore the buying and rental prices in Edgewater and all the pros and cons of buying a property here.
Moving to Edgewater and what to expect when it comes to real estate
When relocating to Edgewater, you can expect a dynamic and evolving real estate demand. Here’s a summary of what the current trends and statistics indicate:
- According to Redfin, homes in Edgewater generally sell for about 4% below the list price, with an average time on the market of around 47 days. However, highly sought-after homes can sell for around the list price and go pending in about 11 days.
- The median price for homes in Edgewater reflects the county’s average, which was around $631,670 as of July 2023. This indicates a competitive environment with rising home values.
- The luxury condo market in Edgewater has seen significant activity. For example, in the 4th quarter of 2023, the median asking price for luxury condos was around $855,000, with average rents at about $6,458 per month. This suggests a robust market, especially for high-end properties
Edgewater has a strong investment potential due to migration trends. Namely, many homebuyers are coming in from cities like New York, Miami, and Washington. So, if Edgewater real estate prices fit your budget, book some of the finest movers Edgewater FL offers and move like a pro,
Edgewater real estate prices: Single apartments
In Edgewater, the market for single apartments shows a range of options with varying prices. Rental prices for single apartments range from approximately $1,195 to $2,446, offering an insight into the potential pricing in Edgewater. The real estate market here is moderately competitive, with properties often selling close to their listing prices. For instance, recent sales data indicate properties selling just under or at their list price, such as a property on Royal Palm Dr, which sold for exactly its list price of $329,900. Additionally, it’s important to consider environmental factors, as many Edgewater properties face risks like flooding and wildfires, which could affect insurance costs and property values in the long term.
Real estate prices in Edgewater for a family of four
According to Redfin, a property at 1719 Kumquat Dr, featuring 4 bedrooms and 2 baths, sold for $356,000, which was slightly under its list price of $379,000. Another property at 144 N Cory Dr, also with 4 bedrooms and 2 baths, sold for its list price of $529,900. These sales indicate a reasonably active market where properties are selling close to their asking prices.
The current listings on Realtor show a range of Edgewater real estate prices suitable for families. For instance, a house on 3407 Tamarind Dr, with 3 bedrooms and 2 baths, is listed at $299,999. Another option is a property on 1842 Lime Tree Dr, offering 3 bedrooms and 2 baths, listed at $320,000. There’s also a new construction on 1536 Delphi Way, with 3 bedrooms and 2 baths, listed at $381,991. These listings highlight the diversity in property types and pricing in the Edgewater market. When it comes to property Size and Features, the size of the properties and their features vary, catering to different family needs. For example, properties like the one on Unity Tree Dr are sized around 1,200 to 1,800 square feet, typical for family homes in this area.
The condo real estate prices in Edgewater
The average list price for condos in the area is around $1,471,562, with an average price per square foot of $1,378. The median asking price for condos experienced a notable increase from the previous quarter, reaching about $855,000, or $801 per square foot. This upward trend in prices reflects the area’s growing appeal and the influx of new development projects. High-end listings can go as high as $7,980,000, showcasing the diversity and range of the condo market in Edgewater. These trends suggest a competitive and evolving market, catering to a range of buyer preferences and budgets
Is Edgewater suitable for you?
Edgewater could be a suitable choice for you, considering its diverse real estate options, appealing amenities, and growing popularity. The area offers a mix of modern condos and family homes, with prices reflecting a range of budgets. It’s notable for scenic views, community feel, and access to amenities, making it attractive for different lifestyles. However, environmental risks like flooding and wildfires are important considerations. If the dynamic real estate market, cultural diversity, and potential for investment align with your preferences and needs, Edgewater could indeed be a good fit for you. So, if you want to move here, check moving companies Volusia County offers and move without any hassle.
Book Pro Movers Miami and move to Edgewater, FL
If you find Edgewater real estate prices appealing, it’s time to organize your move. Consider engaging Pro Movers Miami for a seamless and efficient relocation experience. We specialize in handling moves with professionalism and care, ensuring your transition to Edgewater is as smooth and stress-free as possible. Ready to start your new chapter in Edgewater? Reach out to Pro Movers Miami, use our moving services Miami residents gladly choose, and take the first step towards your new home in this vibrant community.
References:
Edgewater Housing Market: House Prices & Trends | Redfin. (n.d.). Www.redfin.com. https://www.redfin.com/city/5108/FL/Edgewater/housing-market
Edgewater, FL Real Estate & Homes for Sale. (n.d.). Realtor.com®. Retrieved December 17, 2023, from https://www.realtor.com/realestateandhomes-search/Edgewater_FL