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 $374.00
- Median Sales to List Price 96%
- Median Days on Market 53 Days
Regency Tower
Condos for Sale
There are currently 10 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale
The market analysis report for these 10 x Galt Ocean Mile condos for sale in Regency Tower is presented below.
| BEDS / BATHS | LA | LP$ | |
| 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 $462,450 – this 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 $487,000 – this being for a 2 bedroom 2 bathroom unit of 1500 square feet
Regency Tower
Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower Galt Ocean Mile condos for sale by bedroom
| BEDS / BATHS | LA | LP$ | 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 $395.00
Regency Tower
New Listings
There has been no new listings of Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale over the last 30 days
In our last report there were 2 new listings both 2 bedroom condos – these new listings were Unit 1206 & Unit 1807
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337
Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings
Regency Tower
Pending Sales
There are currently no units pending sale here in Regency Tower – this was the same as in our last few posts!
Regency Tower
Condos Sales – Last 6 Months
There has been just 1 sale here in Regency Tower over the last 6 months – as recorded on the MLS!
The market analysis report for this sale is presented below:
| CONDO | BEDS / BATHS | LA | SP$ |
| 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 $324.00
Unit 603 was a South side unit only 3 stacks from the ocean. This unit offers beautiful ocean and pool views.
This Galt Ocean Mile condo features: high impact windows and doors, a full size washer and dryer, beautiful white tile and updated bathrooms.
There have been 3 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 12 months
Regency Tower
Condos Sales – Last 12 Months
There have been no sales here in Regency Tower over the last 6 months – as recorded on the MLS!
There have been 3 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 12 months
The market analysis report for these sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| 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 $602,000 – this 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 $340,000 this being for a 1 bedroom unit – Condo 603 featured above.
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Regency Tower Galt Ocean Mile condos sold over the last 12 months.
| SP$/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!
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