View Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale condo for sale

Regency Tower South Condos

Regency Tower South
Galt Ocean Mile Condos for Sale

Welcome to our April / May 2018 post on Regency Tower South Galt Ocean Mile Condos for Sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Regency Tower South offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

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Currently there are 10 condos for sale here in Regency Tower South Fort Lauderdale – 3 of which are new listings.

There have been 4 sales of condo units over the last 6 months and 2 units are currently pending sale!

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 over the last 6 months!

We also compare recent sales in Regency Tower South important information for both buyers and sellers!

Regency Tower South
Galt Ocean Mile – Key Statistics
Regency South Condominium complex in Fort Lauderdale, Florida
Address: 3750 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $318,000 – $825,000

Median Prices

  • 1 Bedroom Units $359,900
  • 2 Bedroom Units $625,000
  • 3 Bedroom Units $792,500
  • Median Sales Price last 6 Months $415,000
    – for a 1 bedroom 1 bathroom unit
  • Median Sales Price to Sq Ft Price $305.00
    Median Sales to List Price 96%
  • Days on Market 56 Days
View Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale
Beach view of Regency Tower South 3750 Galt Ocean Drive here in Fort Lauderdale, Florida

Regency Tower South
Condos for Sale

There are currently 10 x Regency Tower South condos for sale Fort Lauderdale – this is the same number of Regency Tower South condos for sale as in our last post for February / March 2018!

Our market analysis report for these Galt Ocean Mile condos is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1187 $318,000
Max 3 / 2 2323 $825,000
Avg 2 / 2 1607 $521,090
Median 1 / 1 1487 $407,000

We can see from this report that the average price for an Galt Ocean Mile direct oceanfront condo for sale here in Regency Tower South is $521,090 – this being for a 2 bedroom 2 bathroom unit!

We can also that the median price for a Galt Ocean Mile condos for sale here in Regency Tower South is $407,000 – this also being for a 1 bedroom 1 bathroom unit!

In our last post the median price for a condo for sale here in Regency Tower South was $519,450 – this being for a 2 bedroom 2 bathroom unit!

Given the change from a median of a 2 bedroom unit in our last post to a median of a 1 bedroom unit in this post it is useful look at Regency Tower South median prices by bedroom – which we do below.

View Galt Ocean Mile condo for sale Regency Tower South
View Galt Ocean Mile condo for sale Regency Tower South Fort Lauderdale

Regency Tower South
Prices by Bedroom

Here is the market summary report for Regency Tower South Galt Ocean Mile condos for sale – showing median prices by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1187 $359,900 $303.00
2 / 2 1853 $625,000 $350.00
3 / 2 2323 $792,500 $341.00

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

  • 1 bedroom Regency Tower South condos for sale is $359,900 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $303.00 – In our last post the median price for 1 bedroom condos for sale was higher at $372,450 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $314.00
  • 2 bedroom Regency Tower South condos for sale is $625,000 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a list price to square foot price of $350.00 – In our last post the median price for 2 bedroom condos for sale was lower at $599,000 – this being for a 2 bedroom 2 bathroom unit of 1787 square feet with a list price to square foot price of $335.00
  • 3 bedroom Regency Tower South condos for sale is $792,500 – this being for a 3 bedroom 2 bathroom unit of 2323 square feet with a list price to square foot price of $341.00 – In our last post the median price for 3 bedroom condos for sale was $889,000 – this being for a 3 bedroom 2 bathroom unit of 2323 square feet with a list price to square foot price of $383.00Note: there is only 1 x 3 bedroom unit currently for sale!

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!


Kevin Wirth P.A. – Realtor

Galt Ocean Mile Specialist 
954-459-0337

kevinsellsmore@gmail.com

Click here to email me now

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View Galt Ocean Mile New Listings

View Galt Ocean Mile condo just listed for sale Regency Tower South Unit 1803
View Galt Ocean Mile condo just listed for sale Regency Tower South Unit 1803

Regency Tower South
New Listings

There have been 3 new listing of Galt Ocean Mile condos for sale here in Regency Tower South over the last 30 days – This is down from 4 new listings as in our last post for February / March 2018!

Our market analysis report for these new listings is presented below.

BEDS / BATHS LA LP$
Unit 2001 2 / 2 1853 $819,000
Unit 1804 1 / 1 1187 $360,000
Unit 1803 1 / 1 1187 $330,000

We can see from this report that:

Condo Unit 2001 a 2 Bedroom Regency Tower South condo was just listed for sale for $819,000 – this 2 bedroom 2 bathroom 1853 square foot unit is offered for sale with a list price to square foot price of $442.00

This Galt Ocean Mile penthouse for sale is a “South East” corner unit that offers direct ocean views. This luxury penthouse has it all – remodeled, stainless steel, granite, marble kitchen, bathrooms and floors

Condo Unit 1804 a 1 Bedroom Regency Tower South condo was just listed for sale for $360,000 – this 1 bedroom 1 bathroom 1187 square foot unit is offered for sale with a list price to square foot price of $303.00

This Galt Ocean Mile condo for sale offers beautiful views of the Ocean, Intracoastal, & downtown!  This unit has a great open concept layout and updated high impact doors and windows as well as a washer/dryer.

Condo Unit 1803 a 1 Bedroom Regency Tower South condo was just listed for sale for $330,000 – this 1 bedroom 1 bathroom 1187 square foot unit is offered for sale with a list price to square foot price of $278.00

This Galt Ocean Mile condo for sale is an extremely large one bedroom one & a half bath condo with an ocean view!   This unit has a washer and dryer hookup in kitchen and a storage unit on same floor. 

View Galt Ocean Mile condo pending sale Regency Tower South Penthouse 2010
View Galt Ocean Mile condo pending sale Regency Tower South Penthouse 2010

Regency Tower South
Pending Sales

There are currently 2 condos pending sale here in Regency Tower South Galt Ocean Mile – In our last post there were also 2 condos pending sale.

Our market analysis report for these 2 x Regency Tower South condos now pending sale is presented below.

BEDS / BATHS LA LP$
Unit 1201 2 / 2 1853 $649,000
Unit 2010 2 / 2 1787 $599,000

We can see from this report that:

Condo Unit 1201 a 2 Bedroom Regency Tower South condo listed for sale for $649,000 is now pending sale – this 2 bedroom 2 bathroom 1853 square foot unit was offered for sale with a list price to square foot price of $350.00

This Galt Ocean Mile condo is a renovated oceanfront corner unit that  offers panoramic views of the ocean, beach and coastline from the moment you enter.  The unit features: a stunning open kitchen with stainless steel appliances, granite counters, wood cabinets, pull out drawers in pantry and a built-in stacked washer/dryer!

Condo Unit 2010 a 2 Bedroom Regency Tower South condo listed for sale for $599,000 is now pending sale – this 2 bedroom 2 bathroom 1787 square foot unit was offered for sale with a list price to square foot price of $335.00

This Galt Ocean Mile condo is a “gorgeous” penthouse with ocean and Intracoastal views from every room.  This unit has a spectacular modern design with open living, dinning and kitchen creating a perfect space to entertain. Highlights include impact windows, nest thermostat, bluetooth stereo system, chef’s kitchen and an abundance of recessed lights.

View Regency Tower South Galt Ocean Mile condo recently sold - Unit 1907
View Regency Tower South Galt Ocean Mile condo recently sold – Unit 1907

Regency Tower South
Sales Last 6 Months

There have been 4 x Galt Ocean Mile condos sold here in Regency Tower South over the last 6 months… 

This is up from the 3 units sold over the preceding 6 months as in our last post for February / March 2018!

Our market analysis report for these 4  recent sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1187 $362,500
Max 2 / 2 1853 $625,000
Avg 1 / 1 1631 $454,375
Median 1 / 1 1853 $415,000

We can see from this report that the average sales price for a Regency Tower South condo sold over the last 6 months has been $454,375 – this being for a 1 bedroom 1 bathroom unit.

We can see from this report that the median sales price over the last 6 months has been $415,000 – this being for a 1 bedroom 1 bathroom unit.

We can see from this report that the median sales price for condos sold over the preceding 6 months was lower at $380,000 – this being for a 1 bedroom 1 bathroom unit.

We can see from this report that the median sales price for condos sold over the preceding 6 months was also lower at $318,000 – this being for a 1 bedroom 1 bathroom unit.

Regency Tower South
Sales Prices by Bedroom

Here is the market summary report for Regency Tower South Galt Ocean Mile condos –  showing median sales prices by bedroom for all units sold over the last 6 months!

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1853 $537,500 $290.00
1 / 1 1187 $371,250 $305.00

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

  • 2 bedroom Regency Tower South condos sold has been $537,500 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a sales price to square foot price of $290.00 – In our last post the median price for 2 bedroom Regency Tower South condos sold was lower at $450,000 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a sales price to square foot price of $243.00
  • 1 bedroom Regency Tower South condos sold has been $371,250 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a sales price to square foot price of $305.00 – In our last post the median price for 1 bedroom Regency Tower South condos sold was lower at $318,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a sales price to square foot price of $268.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Regency Tower South over the last 6 months.

SP$/SqFt
Min $243.00
Max $337.00
Avg $295.00
Median $305.00

We can see from this report that the median sales price to square foot price paid for a Regency Tower South condo sold over the last 6 months has been $305.00 per square foot – up from $260.00 per square foot as in our last post and $211.00 in our prior post!

It is also important to note the highest price paid per square foot for a condo sold over the last 6 months at $337.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Regency Tower South Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.

Our market analysis report for this is presented below

SP$/LP$
Min 96%
Max 98%
Avg 97%
Median 96%

We can see that median sales price to list price for a condo here in Regency Tower South over the last 6 months has been 96% – this is the same as in our last post – but up from 94% in our prior post!

This means if a Fort Lauderdale condo for sale here in Regency Tower South is listed at $400,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $384,000 – based on MLS data!

Days on Market

Days on market for Regency Tower South Galt Ocean Mile condos for sale is also a very important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 16
Max 104
Avg 58
Median 56

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower South is 56 days

We can also see the median days on market at 104 days or just under 15 weeks – well down from 104 days or just under 15 weeks as in our last post for February / March 2018!

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

View Galt Ocean Mile condo recently sold Regency Tower South Fort Lauderdale
Pool views from Galt Ocean Mile condo recently sold Regency Tower South Fort Lauderdale

Regency Tower South
Condo Sales Itemized

Here is the data for each of the Regency Tower South Galt Ocean Mile condos sold over the last 6 months!

CONDO BEDS / BATHS LA SP$
Unit 1907 2 / 2 1853 $450,000
Unit 2003 1 / 1 1187 $380,000
Unit 1808 1 / 1 1187 $256,000

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 1907 a 2 bedroom 2 bathroom condo which sold for $450,000 – This 2 bedroom 2 bathroom 1853 square foot unit had a sales price to square foot price of $243.00

Unit 1907 had just 16 days on market and sold for 98% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower South Galt Ocean Mile condos are direct oceanfront units set in a great complex here on Galt Mile right on the Beach!

Currently we have a great range of condos for sale with 10 units for sale!

Median sales prices are on the rise and days on market are down!

I am very pleased to report that sales activity is back on the move here on the Galt Ocean Mile!

I hope you have enjoyed my post on Regency Tower South
Fort Lauderdale Condos for sale

Kevin Wirth – Realtor