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 March 2019 / April 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 10 x Regency Tower condos for sale

There have been 3 sales in the complex 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 $324,900 – $839,000

Sales Prices

  • Sales Prices from $340,000 – $745,000
  • Median Sales Price to Sq Ft Price $374.00
  • Median Sales to List Price 96%
  • Median Days on Market 53 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 10 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale

This is up from 8 x Regency Tower condos for sale as in our last post for December 2018 / January 2019!

The market analysis report for these 10 x Galt Ocean Mile condos for sale in Regency Tower is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,050 $324,900
Max 3 / 2 2,150 $839,000
Avg 2 / 2 1,439 $493,660
Median 2 / 2 1,450 $462,450

We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $324,900 to $839,000.

We can also see that the median price for a Regency Tower condo currently for sale is $462,450this being for a 2 bedroom 2 bathroom unit of 1450 square feet 

In our last post the median price for a Regency Tower condo currently for sale was $487,000 – this being for a 2 bedroom 2 bathroom unit of 1500 square feet 

View 2 bedroom Galt Ocean Mile condo for sale Regency Tower 3850 Galt Ocean Drive
View 2 bedroom Galt Ocean Mile condo for sale Regency Tower 3850 Galt Ocean Drive

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 $341,700 $328.00
2 / 2 1,500 $529,000 $345.00
3 / 2 2,150 $839,000 $390.00

We can see from this report that the median price for:

  • 1 Bedroom Regency Tower condos for sale is $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 –  In our last post the median for 1 Bedroom Regency Tower condos for sale was higher at $347,500 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $331.00
  • 2 Bedroom Regency Tower condos for sale is $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 In our last post the median for 2 Bedroom Regency Tower condos for sale was higher at $534,000 – this being for a 2 bedroom 2 bathroom 1600 square foot unit with a list price to square foot price of $350.00
  • 3 Bedroom Regency Tower condos for sale is $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 In our last post the median for 3 Bedroom Regency Tower condos for sale was higher at $849,000 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a list price to square foot price of $395.00

Regency Tower
New Listings

There has been no new listings of Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale over the last 30 days

In our last report there were 2 new listings both 2 bedroom condos –  these new listings were Unit 1206 & Unit 1807


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 recently sold Regency Tower 3850 Galt Ocean Drive - Unit 603
View Galt Ocean Mile condo recently sold Regency Tower 3850 Galt Ocean Drive – Unit 603

Regency Tower
Pending Sales

There are currently no units pending sale here in Regency Tower – this was the same as in our last few posts!

Regency Tower
Condos Sales – Last 6 Months

There has been just 1 sale here in Regency Tower over the last 6 months – as recorded on the MLS!

The market analysis report for this sale is presented below:

CONDO BEDS / BATHS LA SP$
Unit 603 1 / 1 1,050 $340,000

We can see from this report that Unit 603 a 1 bedroom condo sold for $340,000 – this 1 bedroom 1 bathroom unit 1050 square foot unit had a sales price to square foot price of $324.00

Unit 603 was a South side unit only 3 stacks from the ocean. This unit offers beautiful ocean and pool views.

This Galt Ocean Mile condo features: high impact windows and doors, a full size washer and dryer, beautiful white tile and updated bathrooms.

There have been 3 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 12 months

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
Condos Sales – Last 12 Months

There have been no sales here in Regency Tower over the last 6 months – as recorded on the MLS!

There have been 3 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 12 months

The 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 $745,000
Avg 2 / 2 1,567 $562,333
Median 2 / 2 1,500 $602,000

We can see from this report that the median price paid for a Regency Tower condo over the last 12 months has been $602,000this being for a 2 bedroom 2 bathroom unit

We can also see from this report that the highest price paid was $745,000 for a 3 bedroom unit and the lowest price paid was $340,000 this being for a 1 bedroom unit – Condo 603 featured above.

Pool view Galt Ocean Mile condo for sale Regency Tower Fort Lauderdale
Pool view from a Galt Ocean Mile condo for sale here in Regency Tower Fort Lauderdale, Florida

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 12 months.

SP$/SqFt
Min $324.00
Max $401.00
Avg $357.00
Median $347.00

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 $347.00 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 96%
Max 97%
Avg 96%
Median 96%

We can see from this report that median sales price to list price for Fort Lauderdale condos sold here in Regency Tower over the last 12 months has been 96% 

This means if a Fort Lauderdale condo for sale here in Regency Tower is listed at $600,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $576,000.

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 36
Max 278
Avg 122
Median 53

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower has been 53 days or just under 2 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 2 x Regency Tower condos sold over the last 12 months 

CONDO BEDS / BATHS LA SP$
Unit 1011 3 / 2 2,150 $745,000
Unit 910 2 / 2 1,500 $602,000
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 12 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!

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 the largest inventory of units for sale that we have had in many months with 10 condos for sale.

This includes a mix of 1, 2 and 3 bedroom condos – giving buyers an excellent choice!

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