View from the most expensive Fort Lauderdale oceanfront condo sold in Regency Tower in 2016

Regency Tower Condos Fort Lauderdale 2016 Sales

Welcome to our review of 2016 sales for Regency Tower condos Fort Lauderdale – here on our famous Galt Ocean Mile.

In 2016 there were11 x Fort Lauderdale condos sold here in Regency Tower – In 2015 there were 9 x condos sold in Regency Tower. 

Regency Tower Condos
2016 Prices by Bedroom

Here is a pricing guide based on all median sales prices for condos in Regency Tower in 2016.

Beds/Baths SF/FF Sale Price SP$/SqFt
1 / 1 1,050 $287,000 $273
2 / 2 1,675 $421,225 $258
3 / 2 2,150 $635,000 $295

We can see from this report that:

Regency Tower 1 Bedroom units had a median sales price of $287,000this being for a 1 bed/1 bath unit of 1050 square feet with a list price to square foot price of $273.00.  In 2015 the median for Regency Tower 1 Bedroom units was $257,750 – this being for a 1 bed/1 bath unit of 1050 square feet with a list price to square foot price of $234.00.

Regency Tower 2 Bedroom units had a median sales price of $421,225this being for a 2 bed/2 bath unit of 1675 square feet with a list price to square foot price of $258.00.  In 2015 the median for Regency Tower 2 Bedroom units was $362,625 – this being for a 2 bed/2 bath unit of 1165 square feet with a list price to square foot price of $310.00.

Regency Tower 3 Bedroom units had a median sales price of $635,000 – this being for a 3 bed / 2 bath unit of 2150 square feet with a list price to square foot price of $295.00.  In 2015 the median for Regency Tower 3 Bedroom units was much lower at $521,625 – this being for a smaller 3 bed / 2 bath unit of 1490 square feet with a list price to square foot price of $366.00.

View Regency Tower condominium Galt Ocean Mile Fort Lauderdale
View Regency Tower condominium Galt Ocean Mile Fort Lauderdale

Regency Tower
1 Bedroom Condos

In 2016 there was just 1 x 1 bedroom unit sold here in Regency Tower here on Galt Ocean Mile.  In 2015 there were 4 x 1 bedroom units sold in Regency Tower!

Our market analysis report for this unit is presented below.

Beds/Baths SF/FF Sale Price SP$/SqFt
1 / 1 1,050 $287,000 $273


We can see from this report that the sales price for the 1 bedroom condo unit sold in 2016 was $287,000
 – this being for a unit of 1050 square feet with a sales price to square foot price of $273.00

Also important to note is that:

  • the sales price to list price was 91% 
  • the days on market was just 57 days or less than 2 months which is fast – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Regency Tower
2 Bedroom Condos

In 2016 there were 9 x 2 bedroom units sold here in Regency Tower.  In 2015 there were just 3 x 2 bedroom units sold here in Regency Tower.

Our market analysis report for these units is presented below.

$$  Beds/Baths SF/FF Sale Price
High 2 / 2 1,787 $700,000
Low 2 / 2 1,450 $320,000
Avg 2 / 2 1,646 $442,494
Med 2 / 2 1,675 $422,450

We can see from this report that the average price for a 2 bedroom unit sold here in Regency Tower in 2016 was $442,494 – this being for a 2 bedroom 2 bathroom unit of 1646 square feet with a sales price to square foot price of $271.00

We can see from this report that the median price for a 2 bedroom unit sold here in Regency Tower in 2016 was $422,450 – this being for a 2 bedroom 2 bathroom unit of 1,675 square feet with a sales price to square foot price of $258.00

Important to note is that range of prices for 2 bedroom condo sales – which range from a low of $320,000 to a high of $700,000.

Also important to note is that:

  • the median sales price to list price was 89% 
  • the median days on market was 117 days or just under 4 months – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Regency Tower
3 Bedroom Condos

In 2016 there was just 1 x 3 bedroom unit sold here in Regency Tower.  In 2015 there were 2 x 3 bedroom units sold here in Regency Tower.

Our market analysis report for this unit is presented below.

Beds/Baths SF/FF Sale Price SP$/SqFt
3 / 2 2,150 $635,000 $295


We can see from this report that sales price for the one 3 bedroom unit sold here in Regency Tower in 2016 was $635,500 – 
this being for a 3 bedroom 2 bathroom unit of 2,150 square feet with a sales price to square foot price of $295.00

Also important to note is that:

  • the sales price to list price was 94% 
  • the days on market was just 60 days or approx 2 months  – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

 

2 Bedroom Regency Tower condo sales - Median Prices 2006-2016
2 Bedroom Regency Tower condo sales – Median Prices 2006-2016

Regency Tower Condos
Sales Prices 2006 – 2016

Here is our market summary graph and report showing median prices for 2 bedroom Regency Tower condos sold between 2006 and 2016.

 Median Beds/Baths SF/FF Sale Price
2016 2 / 2 1,675 $422,450
2015 2 / 2 1,600 $375,000
2014 2 / 2 1,550 $408,000
2013 2 / 2 1,600 $357,500
2012 2 / 2 1,600 $340,450
2011 2 / 2 1,600 $340,000
2010 2 / 2 1,400 $285,000
2009 2/ 2 1,626 $392,500
2008 N/A
2007 2 / 2 1,650 $420,000
2006 2 / 2 1,662 $660,000


We can see from this report how median sales prices for Regency Tower condos Fort Lauderdale have risen from a low of $285,000 in 2010 to $422,450 in 2016.

It is important to note that the median in 2016 is still well down from the median sales price of $660,000 in 2006 – and this is one of the reasons units in this complex offer such a great value!

Note: there were no sales of 2 bedroom units in Regency Tower in 2008 as recorded by the MLS.

More on Regency Tower condo sales for 2015
More on Regency Tower condo sales for 2014
More on Regency Tower condo sales for 2013

View of Galt Ocean Mile condominiums including Regency Tower from Fort Lauderdale Beach

Galt Ocean Mile Condos
2016 Pricing by Bedroom

The following report shows the breakdown of median prices for direct oceanfront Galt Ocean Mile / Zip 33308 condos for sale – by bedroom for 2016

Beds/Baths SF/FF Sale Price SP$/SqFt
0 / 1 320 $205,000 $605
1 / 1 1,076 $287,000 $267
2 / 2 1,662 $455,000 $291
3 / 2 2,260 $780,000 $390
4 / 4 3,970 $907,500 $277

We can see from this report that in 2016:

Studios – median price $205,000 for a unit of 320 square feet with a sales price to square foot price of $605.00

1 Bedroom units – median price $287,000 for a 1 bed / 1 bath unit of 1076 square feet with a sales price to square foot price of $267.00

2 Bedroom units – median price $455,500 for a 2 bed / 2 bath unit of 1662 square feet with a sales price to square foot price of $291.00

3 Bedroom units – median price $780,000 for a 3 bed / 2 bath unit of 2260 square feet with a sales price to square foot price of $390.00

4 Bedroom units – median price $907,500 for a 4 bed / 4 bath unit of 3970 square feet with a sales price to square foot price of $277.00

Fort Lauderdale Luxury Condos as seen from the Galt Ocean Mile Beach
Fort Lauderdale Luxury Condos as seen from the Galt Ocean Mile Beach

Galt Ocean Mile Condominiums

Here are links to all the Galt Ocean Mile condominiums – links on our website.  

From each of these pages you can search units for sale, read our latest blogs on units for sale, recent sales and sales prices as well as get a great overview of each of the condominiums.

L’HermitageSouth Point
The CommodorePlaya Del Sol
Royal AmbassadorEdgewater Arms
Riviera – Regency Tower
Regency Tower South – Galt Ocean Club
Playa Del MarOcean Summit
Ocean ClubThe Galleon
L’Ambiance BeachGalt Towers
Plaza SouthPlaza East

Regency Tower South / Galt Ocean Mile
Comparison Summary

Regency Tower 1 Bedroom  – Slightly Smaller / Same Price  – Regency Tower 1 bedroom units with a median price $287,000 offer a slighlty smaller sized unit at 1050 square feet vs the median of 1076 square feet for a 1 bedroom Galt Ocean Mile condos – however Regency Tower Units have an extra 1/2 Bath

The median sales price of a 1 bedroom Regency Tower Condo at $287,000 is the same price as the median of $287.000 for a 1 bedroom Galt Ocean Mile condo.

The median sales price per square foot at $273.00 is however  more expensive per square foot than the median sales price for a 2 bedroom Galt Ocean Mile Condo at $267.00 per square foot.

Regency Tower 2 Bedroom   – Slightly Larger / Lower Price – Regency Tower 2 bedroom units with a median price $421,225 for a 2 bed/2 bath unit of 1675 square feet are slightly larger units than the median for 2 bedroom Galt Ocean Mile Condos at 1662 square feet.

Regency Tower 2 bedroom units with a median sales price of $421,225 are less expensive than the median for 2 bedroom Galt Ocean Mile condos at $455,000.

The median sales price per square foot at $258.00 is also  less expensive per square foot than the median sales price for a 2 bedroom Galt Ocean Mile Condo at $291.00 per square foot.

Regency Tower 3 Bedroom units – Slightly Smaller/Lower Price – Regency Tower 3 bedroom units with a median price $635,000 for a 3 bed/2 bath unit of 2150 square feet are slightly smaller units than the median for 3 bedroom Galt Ocean Mile Condos at 2260 square feet.

Regency Tower 3 bedroom units with a median sales price of $635,000 are far less expensive than the median for 3 bedroom Galt Ocean Mile condos at $780,000.

The median sales price per square foot at $295.00 is also  far less expensive per square foot than the median sales price for a 3 bedroom Galt Ocean Mile Condo at $390.00 per square foot.

 

 

2016 Regency Tower Sales
Most Expensive Unit Sold

Here is the market analysis report for the most expensive unit sold here in Regency Tower in 2016

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 2 1,650 $700,000 $424


We can see from this report that this 2 bedroom 2 bathroom unit – unit 601 sold for $700,000
 – important to note is that the unit sold for 45% of its list price and had 150 days on market – approx 5 months!

We feature this unit below:

Regency Tower Condo Unit 601
3850 Galt Ocean Drive
Offered for Sale $749,000

This Galt Ocean Mile condo is a Southeast corner unit with direct ocean view.

This unit has been renovated with finest touches, including: marble floor, granite counter-tops and stainless steel appliances.

There is a washer/dryer in unit.

This luxury condo in Regency Tower sold on the 25th of August 2016 for $700,000  – this was the most expensive sale in 2016 for a unit here in Regency Tower.

This Regency Tower condo sold with a sales price to square foot price of $424.00 – which also makes this the unit sold with the highest sales price to square foot price in 2016 based on MLS data/records.

I hope you have enjoyed this post on 2016 sales for Regency Tower condos Fort Lauderdale.

 Kevin Wirth Realtor outside Galt Ocean Mile condominiums

Kevin Wirth – Realtor
954-459-0337