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 November 2019 / December 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 just 4 x Regency Tower condos for sale

There have been 5 sales in the complex over the last 6 months and 4 units are 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 $434,900 – $995,300

Sales Prices

  • Sales Prices from $299,900 – $508,000
  • Median Sales Price to Sq Ft Price $318.00
  • Median Sales to List Price 96%
  • Median Days on Market 30 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 just 4 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale

This is well down from the 11 x Regency Tower condos for sale as in our last post for July 2019 / August 2019!

The market analysis report for these 4 x Galt Ocean Mile condos for sale in Regency Tower is presented below.

BEDS / BATHS LA LP$
Min 2 / 1 1,050 $434,900
Max 3 / 2 2,150 $995,300
Avg 3 / 2 1,774 $695,050
Median 2 / 2 1,947 $675,000

We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $434,900 to $995,300.

We can also see that the median price for a Regency Tower condo currently for sale is $675,000this being for a 2 bedroom 2 bathroom unit of 1947 square feet 

In our last post the median price for a Regency Tower condo currently for sale was lower at $515,000 – this being for a 2 bedroom 2 bathroom unit of 1588 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
2 / 1 1,397 $449,950 $340.00
3 / 2 2,150 $940,150 $437.00

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

  • Currently there are no 1 Bedroom Regency Tower condos for sale In our last post the median for 1 Bedroom Regency Tower condos for sale was $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
  • 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 have been no new listings of Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale over the last 30 days


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 1510
View Galt Ocean Mile condo pending sale Regency Tower 3850 Galt Ocean Drive – Unit 1510

Regency Tower
Pending Sales

There are currently 4 units pending sale here in Regency Tower – In our last post there was just 1 unit pending sale!

Our market analysis report for this unit is presented below.

BEDS / BATHS LA LP$
Unit 1510 2 / 2 1,500 $545,000
Unit 907 2 / 2 1,550 $509,000
Unit 1707 2 / 2 1,550 $435,000
Unit 1008 1 / 1 1,050 $348,900

We can see from this report that:

Regency Tower condo 1510 a 2 bedroom unit listed for sale for $545,000 is now pending salethis 2 bedroom 2 bathroom 1500 square foot unit had a list price to square foot price of $363.00

Unit 1510 is Stunning Ocean Front unit that has been totally remodeled and is offered for sale fully furnished.

This Galt Ocean Mile condo for sale features: new impact windows, a washer and dryer in the unit and 2 covered parking spaces #81 & #106

Regency Tower condo 907 a 2 bedroom unit listed for sale for $509,000 is now pending salethis 2 bedroom 2 bathroom 1550 square foot unit has a list price to square foot price of $328.00

Unit 907 is corner unit condo that has been totally renovated and features new floors throughout!

This Galt Ocean Mile condo for sale features: new carpets in bedrooms, freshly painted walls with tray ceiling and hi-hat lightning, all high impact windows with plantation shutters and a new Washer/Dryer!

Regency Tower condo 1707 a 2 bedroom unit listed for sale for $435,000 is now pending salethis 2 bedroom 2 bathroom 1550 square foot unit has a list price to square foot price of $281.00

Unit 1707 is “Corner Unit” with a wrap around balcony that offers amazing city and ocean views!

This Galt Ocean Mile condo for sale features: Impact windows, Ceramic tile throughout and a Washer and Dryer!

Regency Tower condo 1008 a 1 bedroom unit listed for sale for $348,900 is now pending salethis 1 bedroom 1 bathroom 1050 square foot unit has a list price to square foot price of $332.00

Unit 1008 offers everlasting North East ocean views and fantastic city views to the West!

This Galt Ocean Mile condo for sale features: all tile flooring, a remodeled open kitchen with a combo Washer/Dryer in the kitchen, a large master bedroom and beautifully remodeled bathroom.   The unit is Hurricane protected offering impact windows and door.

View Galt Ocean Mile condo recently sold Regency Tower 3850 Galt Ocean Drive Fort Lauderdale - Unit 1807
View Galt Ocean Mile condo recently sold Regency Tower 3850 Galt Ocean Drive – Unit 1807

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 the same number of sales 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 $299,900
Max 2 / 2 1,588 $508,000
Avg 1 / 1 1,185 $400,480
Median 1 / 1 1,050 $368,000

We can see from this report that the average sales price for a unit sold in Regency Tower over the last 6 months has been $400,480 – this being for a 1 bedroom 1 bathroom 1185 square foot unit

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 $368,000this being for a 1 bedroom 1 bathroom 1050 square foot unit – this is the same as in our last post!

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 $286.00
Max $350.00
Avg $318.00
Median $318.00

We can see from this report that BOTH the average and median sales price to square foot price paid for a Regency Tower condo sold over the last 6 months has been $318.00 per square foot!

We can also see that the highest sales price to square foot price paid was $350.00 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 93%
Max 100%
Avg 97%
Median 96%

We can see from this report that the median sales price to list price for Fort Lauderdale condos sold here in Regency Tower over the last 6 months has been 96% – down from 97% as in our last post! 

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 96% of that amount or $480,000.

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 7
Max 220
Avg 72
Median 30

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower has been just 30 days or just 1 month! 

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 1807 2 / 2 1650 $508,000
Unit 1805 2 / 2 1,588 $471,500
Unit 808 1 / 1 1,050 $368,000
Unit 1403 1 / 1 1,050 $355,000
Unit 308 1 / 1 1,050 $299,900

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 1807 a 2 bedroom 2 bathroom condo which sold for $508,000

Unit 1807 sold for 98% of its list price and had just 7 days on market or just 1 week!

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.

Sales have picked up which is great – and it is exciting to see 4 units pending sale with 5 sales over the last 6 months!

Season is just starting which means buyer activity is on the up!

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