Regency Tower
Galt Ocean Mile Condos
Welcome to our August 2018 / September 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
There have been 6 sales over the last 12 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 & 12 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 $354,900 – $580,777
Median Sales Prices
- Sales Price last 6 Months $472,250
– 2 Bedroom 2 Bathroom Unit - Sales Price to Sq Ft Price $329.00
- Sales to List Price 94%
- Days on Market 77 Days
Regency Tower
Condos for Sale
There are currently 5 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale
This is the same number of Regency Tower condos for sale as in our last post for June / July 2018!
The market analysis report for these 5 x Galt Ocean Mile condos for sale in Regency Tower is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 1050 | $354,900 |
| Max | 2 / 2 | 1500 | $580,777 |
| Avg | 1 / 1 | 1230 | $431,735 |
| Median | 1 / 1 | 1050 | $399,000 |
We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $354,900 to $580,777.
We can also see that the median price for a Regency Tower condo currently for sale is $399,000 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet
Regency Tower
Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower Galt Ocean Mile condos for sale by bedroom
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1050 | $370,000 | $352.00 |
| 2 / 2 | 1500 | $517,389 | $345.00 |
We can see from this report that the median price for:
- 1 Bedroom Regency Tower condos for sale is $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 – In our last post the median for 1 Bedroom Regency Tower condos for sale was higher at $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
- 1 Bedroom Regency Tower condos for sale is $517,389 – this being for a 2 bedroom 2 bathroom 1500 square foot unit with a list price to square foot price of $345.00 – In the last post when 2 bedroom units were for sale the median for 2 Bedroom Regency Tower condos for sale was higher at $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
Regency Tower
New Listings
There has been no new listing of a Regency Tower Galt Ocean Mile condo for sale here in Fort Lauderdale over the last 30 days
In our last post we had 1 new listing – Unit 210 a 2 bedroom Regency Tower condo listed for sale for $477,000
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337
Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings
Regency Tower
Pending Sales
There are currently no units pending sale here in Regency Tower – this is the same as in our last post!
In our last post for April / May 2018 there were 2 units pending sale – Unit 1011 a 3 bedroom condo and Unit 910 a 2 bedroom condo!
Regency Tower
Condos Sales – Last 6 & 12 Months
There have been just 2 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months – these being Unit 1011 a 3 bedroom unit and Unit 910 a 2 bedroom unit – we review both these units and present their sales prices later in this post!
There have however been 6 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 12 months!
The market analysis report for these 6 condo sales is presented below
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1050 | $255,000 |
| Max | 3 / 2 | 2150 | $782,000 |
| Avg | 2 / 2 | 1500 | $500,250 |
| Median | 1 / 1 | 1300 | $472,250 |
We can see from this report that the median price paid for a Regency Tower condo over the last 12 months has been $472,250 – this being for a 2 bedroom 2 bathroom unit
We can also see from this report that the highest price paid was $782,000 for a 3 bedroom unit and the lowest price paid was $255,000 this being for a 1 bedroom unit!
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Regency Tower Galt Ocean Mile condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $243.00 |
| Max | $401.00 |
| Avg | $321.00 |
| Median | $329.00 |
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 12 months has been $329.00 per square foot!
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 | 92% |
| Max | 98% |
| Avg | 94% |
| Median | 94% |
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 94%
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 $423,000.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Regency Tower is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex..
Here is the market analysis report for Days on Market based on all condo sales over the last 12 months as recorded in the MLS.
| DOM | |
| Min | 26 |
| Max | 220 |
| Avg | 92 |
| Median | 77 |
We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower has been 77 days or 11 weeks!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed
Regency Tower
Condo Sales Itemized
Here is the data for each of the 2 x Regency Tower condos sold over the last 6 months
| BEDS / BATHS | LA | SP$ | |
| 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!
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 again pleased 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 over much of 2018 – 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