View from Regency Tower Galt Ocean Mile condos 3850 Galt Ocean Dr, Fort Lauderdale

Regency Tower Condos

Regency Tower
Galt Ocean Mile Condos

Welcome to our February / March 2018 post on Regency Tower Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Regency Tower are direct oceanfront units set right on the beach here on Galt Ocean Mile!

 

Search Regency Tower Condos for Sale

The search includes both Regency Tower and Regency Tower South Units for Sale

Currently there is just 1 x Regency Tower condo for sale and there have been 4 sales 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 Regency Tower – Important information for both buyers and sellers!

Regency Tower
Galt Ocean Mile – Key Statistics
Tower Association Inc – Condominium complex in Fort Lauderdale, Florida
Address: 3850 Galt Ocean Dr, Fort Lauderdale, FL 33308

 

Median Sales Prices

  • Sales Price last 6 Months $308,750
    – 1 Bedroom 1 Bathroom Unit 
  • Sales Price to Sq Ft Price $287.00
  • Sales to List Price 92%
  • Days on Market 108 Days
View Regency Tower condominium here on Galt Ocean Mile
View Regency Tower condominium here on Galt Ocean Mile

Regency Tower
Condos for Sale

There are just 1 x Regency Tower Galt Ocean Mile condo for sale here in Fort Lauderdale – a truly low level of units for sale!

It is important to note that the inventory of Regency Tower condos for sale has been steadily dropping – down from 2 condos for sale in our last post for December 2017 / January 2018 and well down from the 4 condos for sale as in our prior post for Regency Tower for October / November 2017.

The market analysis report for this condo for sale in Regency Tower is presented below.

CONDO BEDS / BATHS LA LP$
Unit 603 1 / 1 1050 $370,000

We can see from this report that a 1 bedroom Regency Tower condo is offered for sale for $370,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit.

The condo for sale – Unit 603 is on the “Sunny South Side” of the building is being sold furnished and is ready for you to move into today.

This condo is only 3 stacks from the ocean.

The unit features tile floors throughout and a full size washer and dryer

View Galt Ocean Mile Condos Fort Lauderdale FL
View Galt Ocean Mile Condos Fort Lauderdale FL – including Regency Tower

Regency Tower
Prices by Bedroom

Here is our market summary report showing median prices for Regency Tower Galt Ocean Mile condos for sale by bedroom

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1050 $370,000 $352.00

We can see from this report that the median price for:

  • 1 Bedroom Regency Tower condos for sale is $370,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $352.00.  This is the same as in our last post

  • There are currently no 2 Bedroom Regency Tower condos for sale – In our last post the median for 2 Bedroom Regency Tower condos for sale was $779,000 – this being for a 2 bedroom 2 bathroom 1650 square foot unit with a list price to square foot price of $472.00

Regency Tower
New Listings

There has been no new listings of Regency Tower Galt Ocean condos for sale here in Fort Lauderdale over the last 30 days

This is the same number of new listings as in our last 2 posts!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos for Sale

View Galt Ocean Mile New Listings

Regency Tower
Pending Sales

There is currently no units pending sale here in Regency Tower.

This is the same as in our last post!

Regency Tower
Condos Sales – Last 6 Months

There have been 4 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months

This is the same as in our last post for December 2017 / January 2018!

The market analysis report for these condo sales is presented below

BEDS / BATHS LA SP$
Min 1 / 1 1050 $255,000
Max 3 / 2 2150 $782,000
Avg 1 / 1 1337 $413,625
Median 1 / 1 1075 $308,750

We can see from this report that the median price paid for a Regency Tower condo over the the last 6 months has been $308,750this being for a 1 bedroom 1 bathroom unit of 1075 square feet

This is the same as in our last post!

View Galt Ocean Mile condo recently sold Regency Tower - Unit 1911
View Galt Ocean Mile condo recently sold Regency Tower – Unit 1911

Regency Tower
Sales Prices by Bedroom

Here is our market summary report showing median prices for Regency Tower condos sold over the last 6 months by bedroom

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1050 $275,000 $262.00
3 / 2 2150 $782,000 $364.00

We can see from this report that the median sales price for:

  • 1 Bedroom Regency Tower condos sold has been $275,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a sales price to square foot price of $262.00.
  • 3 Bedroom Regency Tower condos sold has been $782,000 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a list price to square foot price of $364.00 

Square Foot Prices
Condos Sold

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

SP$/SqFt
Min $243.00
Max $364.00
Avg $295.00
Median $287.00

We can see from this report that the median sales price to square foot price paid for a Regency Tower condo sold over the last 6 months has been $287.00 per square foot – this is the same as in our last post but down from $294.00 in our 3 prior posts!

We can also see that the highest sales price to square foot price paid was $364.00 per square foot!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Regency Tower Galt Ocean Mile condos for sale – 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 98%
Avg 94%
Median 92%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 92%this is the same as in our last post but down from 94% our prior post!

This means if a Fort Lauderdale condo for sale here in Regency Tower is listed at $450,000 – then based on median sales data the condo could be expected to sell for 92% of that amount or $414,000.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in Regency Tower is an important indicator on how strong demand is for Fort Lauderdale 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 26
Max 220
Avg 115
Median 108

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 108 days – the same as in our last post!

Note: This is over double the 50 days on market 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

Regency Tower
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Regency Tower

CONDO BEDS / BATHS LA SP$
Unit 1911 3 / 2 2150 $782,000
Unit 1408 1 / 1 1100 $342,500
Unit 808 1 / 1 1050 $275,000
Unit 708 1 / 1 1050 $255,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 1911 a 3 bedroom 2 bathroom condo which sold for $782,000

Unit 1911 sold for 92% of its list price and had 101 days on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower Galt Ocean Mile condo are condo units set right on the beach here in Galt Mile Fort Lauderdale.

Currently we have a truly low inventory of condos for sale here in Regency Tower – with just 1 unit for sale in the complex!

Sales have picked up over the last 6 months – with 4 units sold!  This is amazing given such a low level of inventory!

This Galt Ocean Mile complex offers spacious units with great views and the building is set right on the oceanfront / beachfront.

I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Regency Tower – Kevin Wirth – Realtor