Regency Tower
Galt Ocean Mile Condos
Welcome to our July 2019 / August 2019 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 11 x Regency Tower condos for sale – 1 of which is a new listing.
There have been 5 sales in the complex over the last 6 months and 1 unit is 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 $359,500 – $995,300
Sales Prices
- Sales Prices from $340,000 – $770,000
- Median Sales Price to Sq Ft Price $350.00
- Median Sales to List Price 97%
- Median Days on Market 114 Days
Regency Tower
Condos for Sale
There are currently 11 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale
The market analysis report for these 11 x Galt Ocean Mile condos for sale in Regency Tower is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 1,050 | $359,500 |
| Max | 3 / 2 | 2,150 | $995,300 |
| Avg | 2 / 2 | 1,575 | $568,136 |
| Median | 2 / 2 | 1,588 | $515,000 |
We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $359,500 to $995,300.
We can also see that the median price for a Regency Tower condo currently for sale is $515,000 – this being for a 2 bedroom 2 bathroom unit of 1588 square feet
In our last post the median price for a Regency Tower condo currently for sale was $462,450 – this being for a 2 bedroom 2 bathroom unit of 1450 square feet
Regency Tower
Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower Galt Ocean Mile condos for sale by bedroom
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1,050 | $359,500 | $342.00 |
| 2 / 2 | 1,569 | $507,450 | $334.00 |
| 3 / 2 | 2,150 | $947,600 | $441.00 |
We can see from this report that the median price for:
- 1 Bedroom Regency Tower condos for sale is $359,500 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $342.00 – In our last post the median for 1 Bedroom Regency Tower condos for sale was lower at $341,700 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $328.00
- 2 Bedroom Regency Tower condos for sale is $507,450 – this being for a 2 bedroom 2 bathroom 1569 square foot unit with a list price to square foot price of $334.00 – In our last post the median for 2 Bedroom Regency Tower condos for sale was higher at $529,000 – this being for a 2 bedroom 2 bathroom 1500 square foot unit with a list price to square foot price of $345.00
- 3 Bedroom Regency Tower condos for sale is $947,600 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a list price to square foot price of $441.00 – In our last post the median for 3 Bedroom Regency Tower condos for sale was lower at $839,000 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a list price to square foot price of $390.00
Regency Tower
New Listings
There has been just 1 new listing of a Regency Tower Galt Ocean Mile condo for sale here in Fort Lauderdale over the last 30 days – In our last report there were no new listings.
Our market analysis report for this new listing is presented below
| BEDS / BATHS | LA | LP$ | |
| Unit 1808 | 2 / 1 | 1,050 | $434,900 |
We can see from this report that Regency Tower condo 1808 a 2 bedroom unit has just been listed for sale – this 2 bedroom 1 bathroom 1050 square foot unit has a list price to square foot price of $414.00
Unit 1808 is a brand-new renovated unit on the 18th floor; with the most amazing views of the ocean, Intracoastal and City!
This Galt Ocean Mile condo offers sophisticated interiors which include Porcelain tile floors throughout, top of the line stainless appliances, Hurricane windows/door and an in unit washer, and dryer.
This units extra room was created with a permit and is perfect to be used as a den / office!
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337
Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings
Regency Tower
Pending Sales
There is currently just 1 unit pending sale here in Regency Tower – In our last post no units were pending sale!
Our market analysis report for this unit is presented below.
| BEDS / BATHS | LA | LP$ | |
| Unit 308 | 1 / 1 | 1,050 | $323,000 |
We can see from this report that Regency Tower condo 308 a 1 bedroom unit listed for sale for $323,000 is now pending sale – this 1 bedroom 1 bathroom unit had a list price to square foot price of $308.00
Unit 308 is a beautifully updated oceanfront condo!
This Galt Ocean Mile condo for sale features: 24 x 24 inch Porcelain tile floors, new contemporary bathroom vanities, granite kitchen counter tops, open kitchen and one of a kind marble in master bathroom
This unit has impact windows and impact glass door.
Regency Tower
Condos Sales – Last 6 Months
There have been 5 sales of Regency Tower condos over the last 6 months – as recorded on the MLS – this is well up from just 1 sale over the preceding 6 months as in our last post!
Our market analysis report for these sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1,050 | $340,000 |
| Max | 3 / 2 | 2,150 | $770,000 |
| Avg | 2 / 1 | 1,380 | $501,600 |
| Median | 1 / 1 | 1,050 | $368,000 |
We can see from this report that the median sales price for a unit sold in Regency Tower over the last 6 months has been $368,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Regency Tower Galt Ocean Mile condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $324.00 |
| Max | $422.00 |
| Avg | $358.00 |
| Median | $350.00 |
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 $350.00 per square foot!
We can also see that the highest sales price to square foot price paid was $422.00 per square foot!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Regency Tower Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
| SP$/LP$ | |
| Min | 94% |
| Max | 100% |
| Avg | 97% |
| Median | 97% |
We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condos sold here in Regency Tower over the last 6 months has been 97%
This means if a Fort Lauderdale condo for sale here in Regency Tower is listed at $500,000 – then based on median sales data the condo could be expected to sell for 97% of that amount or $485,000.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Regency Tower is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex..
Here is the market analysis report for Days on Market based on all condo sales over the last 6 months as recorded in the MLS.
| DOM | |
| Min | 30 |
| Max | 278 |
| Avg | 135 |
| Median | 114 |
We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower has been 114 days or just under 4 months!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed
Regency Tower
Condo Sales Itemized
Here is the data for each of the Regency Tower condos sold over the last 6 months
| BEDS / BATHS | LA | SP$ | |
| Unit 2011 | 3 / 2 | 2,150 | $770,000 |
| Unit 1206 | 2 / 2 | 1,600 | $675,000 |
| Unit 808 | 1 / 1 | 1,050 | $368,000 |
| Unit 1403 | 1 / 1 | 1,050 | $355,000 |
| Unit 603 | 1 / 1 | 1,050 | $340,000 |
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 2011 a 3 bedroom 2 bathroom condo which sold for $770,000
Unit 2011 sold for 96% of its list price and had 175 days on market or just under 6 months!
My Thoughts / Summary
Regency Tower Galt Ocean Mile condo are condo units set right on the beach here in Galt Mile Fort Lauderdale.
We currently have one of the largest inventory of units for sale that we have had in many months with 11 condos for sale.
This includes a mix of 1, 2 and 3 bedroom condos – giving buyers an excellent choice!
Sales have picked up over the last 6 months with 5 units sold and 1 unit pending sale!
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