Regency Tower
Galt Ocean Mile Condos
Welcome to our April / May 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 3 x Regency Tower condos for sale – 2 of which are new listings.
There have been 3 sales 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 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 – $629,900
Median Sales Prices
- Sales Price last 6 Months $342,000
– 1 Bedroom 1 Bathroom Unit - Sales Price to Sq Ft Price $311.00
- Sales to List Price 93%
- Days on Market 101 Days
Regency Tower
Condos for Sale
There are 3 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale
The market analysis report for these condos for sale in Regency Tower is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 1050 | $370,000 |
| Max | 2 / 2 | 1650 | $629,900 |
| Avg | 1 / 1 | 1250 | $478,300 |
| Median | 1 / 1 | 1050 | $435,000 |
We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $370,000 to $629,900.
We can also see that the median price for a Regency Tower condo currently for sale is $435,000 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet
Regency Tower
Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower Galt Ocean Mile condos for sale by bedroom
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1050 | $402,500 | $383.00 |
| 2 / 2 | 1650 | $629,900 | $382.00 |
We can see from this report that the median price for:
- 1 Bedroom Regency Tower condos for sale is $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 – In our last post the median for 1 Bedroom Regency Tower condos for sale was lower at $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.
- 1 Bedroom Regency Tower condos for sale is $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 – In the last post when 2 bedroom units were for sale 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 $472.00
Regency Tower
New Listings
There has been 2 new listings of Regency Tower Galt Ocean condos for sale here in Fort Lauderdale over the last 30 days
In our last post there had been no new listings for Galt Ocean Mile condos for sale in Regency Tower!
Our market analysis report for these 2 new listings is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 1807 | 2 / 2 | 1650 | $629,900 |
| Unit 1603 | 1 / 1 | 1050 | $435,000 |
We can see from this report that:
Unit 1807 a 2 bedroom Regency Tower condo has just been listed for sale for $629,900 – this being for a 2 bedroom 2 bathroom condo of 1650 square feet with a list price to square foot price of $382.00
Unit 1807 is a high floor condo overlooking the ocean with city views and gorgeous sunsets. The unit has lots of natural light, a great balcony, impact windows, an open kitchen and tile floors throughout. The apartment comes with 2 parking spaces.
Unit 1603 a 1 bedroom Regency Tower condo has just been listed for sale for $435,900 – this being for a 1 bedroom 1 bathroom condo of 1050 square feet with a list price to square foot price of $414.00
Unit 1603 is an open floor plan condo with views of ocean and city. This unit has been extremely well maintained and although much is original–it is in excellent condition and ready for the next owner.
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337
Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings
Regency Tower
Pending Sales
There is currently 2 units pending sale here in Regency Tower.
In our last post for Feb / March 2018 there were no units pending sale!
Our market analysis report for these 2 units is presented below
| BEDS / BATHS | LA | LP$ | |
| Unit 1011 | 3 / 2 | 2150 | $780,000 |
| Unit 910 | 2 / 2 | 1500 | $630,000 |
We can see from this report that:
Unit 1011 a 3 bedroom Regency Tower condo listed for sale for $780,000 is now pending sale – this 3 bedroom 2 bathroom condo is 2150 square feet has a list price to square foot price of $363.00
Unit 1011 offers unobstructed North and East views of the ocean and coastline. The unit has an open kitchen with raised ceiling, a contemporary master bathroom with jetted tub and a separate laundry room with a full sized washer/dryer.
This Galt Ocean Mile condo has a wrap around balcony with over 19′ long on north side and 17′ long on east side!
Unit 910 a 2 bedroom Regency Tower condo listed for sale for $630,000 is now pending sale – this 2 bedroom 2 bathroom condo is 1500 square feet has a list price to square foot price of $420.00
Unit 910 is a North side unit that has been completely renovated, (new electrical system, plumbing,walls everything, with permits). The condo has a contemporary style and was built to live not to flip.
This Galt Ocean Mile condo features: a full size washer & dryer, a German kitchen with big pull out drawers, Stainless Steel appliances and Quartz counter-tops. The unit has huge living and dining areas!
Regency Tower
Condos Sales – Last 6 Months
There have been 3 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months
This is down from 4 units sold over the last preceding 6 months as in our last post for February / March 2018!
The market analysis report for these condo sales is presented below
| #BEDS | LA | SP$ | |
| Min | 1 / 1 | 1050 | $255,000 |
| Max | 3 / 2 | 2150 | $782,000 |
| Avg | 2 / 1 | 1433 | $459,833 |
| Median | 1 / 1 | 1100 | $342,500 |
We can see from this report that the median price paid for a Regency Tower condo over the the last 6 months has been $342,500 – this being for a 1 bedroom 1 bathroom unit of 1100 square feet
In our last post the median for a Regency Tower condo sold over the preceding 6 month was lower at $308,750 – this being for a 1 bedroom 1 bathroom unit of 1075 square feet
Regency Tower
Sales Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower condos sold over the last 6 months by bedroom
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 / 1 | 1075 | $298,750 | $277.00 |
| 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 $298,750 – this being for a 1 bedroom 1 bathroom 1075 square foot unit with a sales price to square foot price of $277.00.
- 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 | $306.00 |
| Median | $311.00 |
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 $311.00 per square foot – this is up from $287.00 in our last post and 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 | 93% |
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 $414,000.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Regency Tower is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex..
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 26 |
| Max | 220 |
| Avg | 115 |
| Median | 101 |
We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 101 days – this is down a little from 108 days as in our last post!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed
Regency Tower
Condo Sales Itemized
Here is the data for each of the condos sold over the last 6 months here in Regency Tower
| BEDS / BATHS | LA | SP$ | |
| Unit 1911 | 3 / 2 | 2150 | $782,000 |
| Unit 1408 | 1 / 1 | 1100 | $342,500 |
| 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!
My Thoughts / Summary
Regency Tower Galt Ocean Mile condo are condo units set right on the beach here in Galt Mile Fort Lauderdale.
Currently even with 3 units for sale we still have a low inventory of condos for sale here in Regency Tower.
Sales have been strong given such a “persistently” low level of inventory with 2 units pending sale and 3 units sold over the last 6 months!
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