View Galt Ocean Mile condo for sale Regency Tower 3850 Galt Ocean Drive Fort Lauderdale

Regency Tower Condos

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
View Regency Tower condominium Galt Ocean Mile 3850 Galt Ocean Drive Fort Lauderdale
View Regency Tower condominium Galt Ocean Mile 3850 Galt Ocean Drive Fort Lauderdale

Regency Tower
Condos for Sale

There are currently 11 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale

This is up slightly from the 10 x Regency Tower condos for sale as in our last post for March 2019 / April 2019!

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 $515,000this 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 

View Galt Ocean Mile condominium Regency Tower 3850 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Regency Tower 3850 Galt Ocean Drive Fort Lauderdale

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
View Galt Ocean Mile condo just listed for sale Regency Tower 3850 Galt Ocean Drive Fort Lauderdale - Unit 1808
View Galt Ocean Mile condo just listed for sale Regency Tower 3850 Galt Ocean Drive #1808

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!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos for Sale

View Galt Ocean Mile New Listings

View Galt Ocean Mile condo pending sale Regency Tower 3850 Galt Ocean Drive Fort Lauderdale - Unit 308
View Galt Ocean Mile condo pending sale Regency Tower 3850 Galt Ocean Drive #308

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 salethis 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.

View Galt Ocean Mile condo recently sold Regency Tower 3850 Galt Ocean Drive Fort Lauderdale Unit 2011
View Galt Ocean Mile condo recently sold Regency Tower 3850 Galt Ocean Drive #2011

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 MLSthis 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!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

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