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Regency Tower South Condos

Regency Tower South
Galt Ocean Mile Condos for Sale

Welcome to our October 2018 / November 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 5 condos for sale here in Regency Tower South Fort Lauderdale – all of which are 2 bedroom units!

There have been 8 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 $554,000 – $815,900

Median Prices

  • Median List Price $650,000
    for a 2 bedroom 2 bathroom unit
  • Median Sales Price last 6 Months $378,250
    – for a 1 bedroom 1 bathroom unit
  • Median Sales Price to Sq Ft Price $283.00
    Median Sales to List Price 94%
  • Days on Market 65 Days
Regency Tower South condominium 3750 Galt Ocean Drive Fort Lauderdale
Galt Ocean Mile’s Regency Tower South condominium located at 3750 Galt Ocean Drive

Regency Tower South
Condos for Sale

There are currently 5 x Regency Tower South condos for sale Fort Lauderdale – all of which are 2 bedroom units!

This is up from 4 units for sale as in our last post for August 2018 / September 2018

Our market analysis report for these 5 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1787 $554,000
Max 2 / 2 1853 $815,900
Avg 2 / 2 1826 $693,380
Median 2 / 2 1853 $650,000

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 $693,380 – 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 $650,000 – this being for a 2 bedroom 2 bathroom unit!

In our last post the median price for a condo for sale here in Regency Tower South was higher at $726,500 – this being for a 2 bedroom 2 bathroom unit!

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
2 / 2 1853 $650,000 $355.00

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

  • There are currently no 1 bedroom Regency Tower South condos for sale However in the last post when 1 bedroom units were for sale the median list price for 1 bedroom condos for sale was $299,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $252.00
  • 2 bedroom Regency Tower South condos for sale is $650,000 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a list price to square foot price of $355.00 – In our last post the median price for 2 bedroom condos for sale was much higher at $726,500 – this being for a 2 bedroom 2 bathroom unit of 1820 square feet with a list price to square foot price of $398.00
  • There are currently no 3 bedroom Regency Tower South condos for sale  In the last post when there were 3 bedroom units for sale the median price 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 $383.00

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 Regency Tower South condo 3750 Galt Ocean Drive Fort Lauderdale pending sale - Unit 1708
View Regency Tower South condo 3750 Galt Ocean Drive pending sale – Unit 1708

Regency Tower South
New Listings

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

In our last post for August / September 2018 there was just 1 new listing – this being unit 505 a 2 bedroom unit.

Regency Tower South
Pending Sales

There are currently 2 condos pending sale here in Regency Tower South Galt Ocean Mile – In our last 3 posts 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.

CONDO BEDS / BATHS LA LP$
Unit 909 1 / 1 1187 $324,900
Unit 1708 1 / 1 1187 $299,000

We can see from this report that:

Condo Unit 909 a 1 Bedroom Regency Tower South condo listed for sale for $324,900 is now pending sale – this 1 bedroom 1 bathroom 1187 square foot unit was offered for sale with a list price to square foot price of $274.00

This Galt Ocean Mile condo offers a beautiful ocean view and the balcony is private.   The condo has new carpet in master, tile throughout and there is washer dryer in unit. 

Condo Unit 1708 a 2 Bedroom Regency Tower South condo listed for sale for $299,000 is now pending sale – this 1 bedroom 1 bathroom 1187 square foot unit was offered for sale with a list price to square foot price of $252.00

This Galt Ocean Mile condo offers both ocean and city views. This units kitchen has been remodeled and there is a washer/dryer in unit!

View Galt Ocean Mile condo recently sold Regency Tower South - Unit 1201
View Galt Ocean Mile condo recently sold Regency Tower South – Unit 1201

Regency Tower South
Sales Last 6 Months

There have been 8 x Galt Ocean Mile condos sold here in Regency Tower South over the last 6 months… 

This is down slightly from the 9 units sold over the preceding 6 months as in our last post for August / September 2018!

Our market analysis report for these 8 recent sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1187 $298,000
Max 3 / 2 2323 $700,200
Avg 2 / 2 1562 $447,462
Median 1 / 1 1487 $387,250

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 $447,462 – this being for a 2 bedroom 2 bathroom unit.

We can also see from this report that the median sales price over the last 6 months has been $387,250 – this being for a 1 bedroom 1 bathroom unit.

Pool view Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale
Gorgeous pool views from Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale

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
1 / 1 1187 $323,500 $273.00
2 / 2 1787 $530,000 $297.00
3 / 2 2323 $700,200 $301.00

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

  • 1 bedroom Regency Tower South condos sold has been $323,500 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a sales price to square foot price of $273.00
  • 2 bedroom Regency Tower South condos sold has been $530,000 – this being for a 2 bedroom 2 bathroom unit of 1787 square feet with a sales price to square foot price of $297.00
  • 3 bedroom Regency Tower South condos sold has been $700,200 – this being for a 3 bedroom 2 bathroom unit of 2323 square feet with a sales price to square foot price of $301.00

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 $245.00
Max $340.00
Avg $283.00
Median $283.00

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 $283.00 per square foot – down from $297.00 per square foot as in our last post!

It is also important to note the highest price paid per square foot for a condo sold over the last 6 months at $340.00!

% 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 88%
Max 97%
Avg 94%
Median 94%

We can see that BOTH the average and median sales price to list price for a condo here in Regency Tower South over the last 6 months has been 94% – this is down from a median of 95% in our last post and in 96% as in our prior post!

This means if a Fort Lauderdale condo for sale here in Regency Tower South is listed at $450,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $423,000 – 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 20
Max 396
Avg 100
Median 65

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower South is 100 days

We can also see the median days on market at 65 days or just over 2 months – this is down from 86 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 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 1511 3 / 2 2323 $700,200
Unit 1201 2 / 2 1853 $630,000
PH 2010 2 / 2 1787 $530,000
Unit 410 2 / 2 1787 $437,000
Unit 1909 1 / 1 1187 $337,500
Unit 1804 1 / 1 1187 $335,000
Unit 1803 1 / 1 1187 $312,000
Unit 1604 1 / 1 1187 $298,000

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 1511 a 3 bedroom 2 bathroom condo which sold for $700,200 – This 3 bedroom 2 bathroom 2323 square foot unit had a sales price to square foot price of $301.00

Unit 1511 had just 44 days on market and sold for 92% 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!

We currently have a really nice range of 2 bedroom condos for sale – with 5 x 2 bedroom units for sale!

The last 6 months has seen very strong sales activity here in Regency Tower South – with 8 units sold and 2 units pending sale!

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

Kevin Wirth – Realtor