Views Regency Tower 3850 Galt Ocean Drive Fort Lauderdale condo for sale

Regency Tower Condos

Regency Tower
Galt Ocean Mile Condos

Welcome to our June 2018 / July 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 are 5 x Regency Tower condos for sale – 1 of which is a new listings.

There have been 2 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

Listings Prices

  •  Prices from $370,000 – $609,000

Median Sales Prices

  • Sales Price last 6 Months $477,000
    – 2 Bedroom 2 Bathroom Unit 
  • Sales Price to Sq Ft Price $374.00
  • Sales to List Price 96%
  • Days on Market 44 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 currently 5 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale – well up from our last 2 posts!

It is important to note that this is up from 3 Regency Tower units for sale in our last post for April / May 2018 – which in turn was up from just 1 Regency Tower unit for sale as in January / February 2018 post!

The market analysis report for these 5 Galt Ocean Mile condos for sale in Regency Tower is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1050 $370,000
Max 2 / 2 1650 $609,000
Avg 2 / 2 1350 $490,980
Median 2 / 2 1500 $477,000

We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $370,000 to $609,000.

We can also see that the median price for a Regency Tower condo currently for sale is $477,000this being for a 2 bedroom 2 bathroom unit of 1500 square feet 

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 $384,500 $366.00
2 / 2 1500 $599,900 $369.00

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

  • 1 Bedroom Regency Tower condos for sale is $384,500 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $366.00 –  In our last post the median for 1 Bedroom Regency Tower condos for sale was higher at $402,500 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $383.00

  • 1 Bedroom Regency Tower condos for sale is $599,900 – this being for a 2 bedroom 2 bathroom 1500 square foot unit with a list price to square foot price of $369.00 In the last post when 2 bedroom units were for sale the median for 2 Bedroom Regency Tower condos for sale was higher at $629,900 – this being for a 2 bedroom 2 bathroom 1650 square foot unit with a list price to square foot price of $382.00
View Galt Ocean Mile condo just listed for sale in Regency Tower - Unit 210
View Galt Ocean Mile condo just listed for sale in Regency Tower – Unit 210

Regency Tower
New Listings

There has been 1 new listing of a Regency Tower Galt Ocean Mile condo for sale here in Fort Lauderdale over the last 30 days

Our market analysis report for this new listing is presented below:

CONDO BEDS / BATHS LA LP$
Unit 210 2 / 2 1500 $477,000

We can see from this report that Unit 210 a 2 bedroom Regency Tower condo has just been listed for sale for $477,000this being for a 2 bedroom 2 bathroom condo of 1650 square feet with a list price to square foot price of $382.00

Unit 210 offers Ocean views from the bedrooms and relaxing ocean sounds from balcony.

Create the beach house of your dreams!


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

View Regency Tower condo recently sold Galt Ocean Mile - Unit 1011
View Regency Tower Fort Lauderdale condo recently sold on Galt Ocean Mile – Unit 1011

Regency Tower
Pending Sales

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

In our last post for April / May 2018 there were 2 units pending sale – Unit 1011 a 3 bedroom condo and Unit 910 a 2 bedroom condo!

Regency Tower
Condos Sales – Last 6 Months

There have been 2 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months

This is down from 3 units sold over the last preceding 6 months as in our last post for April / May 2018!

The market analysis report for these condo sales is presented below

BEDS / BATHS LA SP$
Min 2 / 2 1500 $602,000
Max 3 / 2 2150 $745,000
Avg 2 / 2 1825 $673,500
Median 2 / 2 1825 $673,500

We can see from this report that the median price paid for a Regency Tower condo over the the last 6 months has been $673,500this being for a 2 bedroom 2 bathroom unit

We can also see that the highest price paid was $745,000 for a 3 bedroom unit and the lowest price paid was $620,000 this being for a 2 bedroom unit!

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 $347.00
Max $401.00
Avg $374.00
Median $374.00

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 $374.00 per square foot – this is up from $311.00 in our last post and from $287.00 in our prior post!

We can also see that the highest sales price to square foot price paid was $401.00 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 96%
Max 96%
Avg 96%
Median 96%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 96%this is well up  from 92% as in our last 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 96% of that amount or $432,000.

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 36
Max 53
Avg 44
Median 44

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is just 44 days – this is well down a from 101 days as in our last 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

BEDS / BATHS LA SP$
Unit 1011 3 / 2 2150 $745,000
Unit 910 2 / 2 1500 $602,000

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 1011 a 3 bedroom 2 bathroom condo which sold for $745,000

Unit 1011 sold for 96% of its list price and had 53 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.

I am please to report that currently we have the largest inventory of units for sale that we have had in many months!

Despite very low levels of inventory  – sales in Regency Tower over the last year have been strong – with well priced units selling fast! 

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