Regency Tower
Galt Ocean Mile Condos
Welcome to our October 2018 / November 2018 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 7 x Regency Tower condos for sale – 1 of which is a new listing.
There have been 2 sales over the last 6 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 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 $344,900 – $569,000
Median Sales Prices
- Sales Price last 6 Months $673,500
– 2 Bedroom 2 Bathroom Unit - Sales Price to Sq Ft Price $374.00
- Sales to List Price 96%
- Days on Market 44 Days
Regency Tower
Condos for Sale
There are currently 7 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale
This is up from 5 x Regency Tower condos for sale as in our last post for August / September 2018!
The market analysis report for these 7 x Galt Ocean Mile condos for sale in Regency Tower is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 1050 | $344,900 |
| Max | 2 / 2 | 1650 | $569,000 |
| Avg | 1 / 1 | 1225 | $426,971 |
| Median | 1 / 1 | 1050 | $375,000 |
We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $344,900 to $569,000.
We can also see that the median price for a Regency Tower condo currently for sale is $375,000 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet
In our last post the median price for a Regency Tower condo currently for sale was higher at $399,000 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet
Regency Tower
Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower Galt Ocean Mile condos for sale by bedroom
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1050 | $356,250 | $339.00 |
| 2 / 2 | 1575 | $539,900 | $327.00 |
We can see from this report that the median price for:
- 1 Bedroom Regency Tower condos for sale is $356,250 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $339.00 – In our last post the median for 1 Bedroom Regency Tower condos for sale was higher at $370,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $352.00
- 1 Bedroom Regency Tower condos for sale is $539,900 – this being for a 2 bedroom 2 bathroom 1575 square foot unit with a list price to square foot price of $327.00 – In the last post when 2 bedroom units were for sale the median for 2 Bedroom Regency Tower condos for sale was lower at $517,389 – this being for a 2 bedroom 2 bathroom 1500 square foot unit with a list price to square foot price of $345.00
Regency Tower
New Listings
There has been 1 new listing of a Regency Tower Galt Ocean Mile condo for sale here in Fort Lauderdale over the last 30 days
Our market analysis report for this new listing is presented below:
| CONDO | BEDS / BATHS | LA | LP$ |
| Unit 504 | 1 / 1 | 1050 | $344,900 |
We can see from this report that Unit 504 a 1 bedroom has just been listed for sale for $344,900 – this 1 bedroom 1 bathroom 1050 square foot unit has a list price to square foot price of $328.00
Unit 504 is on the South side of the building and offers direct ocean and pool views.
This Galt Ocean Mile condo for sale features: an open kitchen design, washer/dryer in unit, new high impact windows/balcony door and ceramic floors throughout.
The condo includes furnishings and flat screen.
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337
Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings
Regency Tower
Pending Sales
There are currently no units pending sale here in Regency Tower – this is the same as in our last post!
In our last 2 posts there were also no units pending sale!
Regency Tower
Condos Sales – Last 6 Months
There have been just 2 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months
The market analysis report for these sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 2 / 2 | 1500 | $602,000 |
| Max | 3 / 2 | 2150 | $745,000 |
| Avg | 2 / 2 | 1825 | $673,500 |
| Median | 2 / 2 | 1825 | $673,500 |
We can see from this report that the median price paid for a Regency Tower condo over the last 6 months has been $673,500 – 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 $602,000 this being for a 2 bedroom unit!
Note in our last post for August / September 2018 – there were also just 2 sales (the same units) so in this post we covered sales for both the last 6 months AND the last 12 months!
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Regency Tower Galt Ocean Mile condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $347.00 |
| Max | $401.00 |
| Avg | $374.00 |
| Median | $374.00 |
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 $374.00 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 | 96% |
| 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 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 $576,000.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Regency Tower is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex..
Here is the market analysis report for Days on Market based on all condo sales over the last 6 months as recorded in the MLS.
| DOM | |
| Min | 36 |
| Max | 53 |
| Avg | 44 |
| Median | 44 |
We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower has been just 44 days or just over 6 weeks!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed
Regency Tower
Condo Sales Itemized
Here is the data for each of the 2 x Regency Tower condos sold over the last 6 months
| BEDS / BATHS | LA | SP$ | |
| Unit 1011 | 3 / 2 | 2150 | $745,000 |
| Unit 910 | 2 / 2 | 1500 | $602,000 |
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 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 – 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