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Regency Tower Condos

Regency Tower
Fort Lauderdale

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Fort Lauderdale condos for sale here in Regency Tower are direct oceanfront units set right on the beach here on Galt Ocean Mile!

Currently there are 4 x Regency Tower condos for sale.  

There have been 2 sales over the last 6 months and 3 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 RegencyTower to 2014 sales. Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Prices from $289,000 – $469,000
  • Median List Price $405,950
    2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 12 Months $344,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales to List Price 93%
  • Days on Market 80 Days
View 2 bedroom condo for sale here in Regency Tower on Galt Ocean Mile
View condo for sale here in Regency Tower on Galt Ocean Mile

Regency Tower
Condos for Sale

The market analysis report for the Galt Ocean Mile condos currently for sale in Regency Tower is presented below.

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,787 $469,000
Low 1 / 1 1,050 $289,000
Avg 2 / 2 1,471 $392,475
Med 2 / 2 1,525 $405,950


We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $405,950 –
the median price is based on a 2 bedroom 2 bathroom unit of 1525 square feet with a list price to square foot price of $271.00

Note median prices have dropped a little from our last posts but then so has the inventory of condos for sale!

  • In our last post for October / November 2015 the median price for a condo for sale in Regency Tower was $438,500 – the median price is based on a 2 bedroom 2 bathroom unit of 1500 square feet with a list price to square foot price of $292.00
  • In our earlier post for September / October 2015 the median price for a condo for sale in Regency Tower was $425,000 –  this being for a 2 bedroom 2 bathroom unit of 1550 square feet with a list price to square foot price of $290.00

Regency Tower
Prices by Bedroom

Here is the market summary report for Regency Tower condos for sale – showing median prices by bedroom.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,050 $289,000 $275
2 / 2 1,550 $412,000 $267

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

  • The 1 x 1 bedroom unit for sale is $289,000this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a list price to square foot price of $275.00
  • The 3 x 2 bedroom units for sale is $412,000 – this being for a 2 bedroom 2 bathroom unit of 1550 square feet with a list price to square foot price of $267.00
Ocean views from a condo just listed for sale in Regency Tower
Ocean views from a condo just listed for sale in Regency Tower

Regency Tower
New Listings

There has been 1 new listing of a condo for sale here in Regency Tower Fort Lauderdale over the last 30 days 

Our market analysis report for this unit is presented below

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,787 $412,000 $231

We can see from this report that a 2 bedroom 2 bathroom unit – condo 302 has been listed for sale for $412,000this 1787 square foot unit is offered for sale with a list price to square foot price of $231.00

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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Views from Regency Tower condo pending sale unit 502
Views from Regency Tower condo pending sale unit 502

Regency Tower
Pending Sales

There are currently 3 condos for sale here in Regency Tower that are under contract and are pending sale. 

In our last post there were also 3 condos pending sale!

The market analysis report for these units is presented below.

 Condo Beds/Baths SF/FF List Price
Unit 502 2 / 2 1,600 $425,000
Unit1004 1 / 1 1,050 $305,000
Unit 110 2 / 2 1,500 $299,900
Median 2 / 2 1,500 $305,000

We can see from this report that:

  • Condo Unit 502 a 2 bedroom unit offered for sale for $425,000 is now pending salethis 2 bedroom 2 bathroom 1600 square foot unit had a list price to square foot price of $266.00.  This condo offers that “Rare” opportunity to own a unit in highly desirable and sunny south side of the condominium. The unit has impact windows that allow you to gaze out over the ocean from both the living room and bedrooms. There is a spacious balcony to enjoy southeast breezes and the ocean views!
  • Condo Unit 1004 a 1 bedroom unit offered for sale for $305,000 is now pending salethis 1 bedroom 1 bathroom 1050 square foot unit had a list price to square foot price of $290.00.  This condo offers “Fabulous” ocean and pool views.  The unit is nicely furnished and has a South facing balcony.   Other features include: Hurricane impact windows, an open kitchen, newer flooring and an updated bathroom.
  • Condo Unit 110 another 2 bedroom unit offered for sale for $299,900 is now pending salethis 2 bedroom 2 bathroom 1500 square foot unit had a list price to square foot price of $200.00.  This condo is located right on the first floor.   You can literally walk out to the beach from your home.   The condo is completely renovated with a lovely up to date kitchen and two beautiful bathrooms. 
View 1 bedroom condo recently sold here in Regency Tower
View 1 bedroom condo recently sold here in Regency Tower

Regency Tower
Condos Sales – Last 6 Months

There have been just 2 x Fort Lauderdale condos sold here in Regency Tower condominium over the last 6 months – down from 3 sales as per our last post and 5 sales in our prior post!

The market analysis report for these condo sales is presented below

$$  Beds/Baths SF/FF Sale Price
Unit111 3 / 3 2,150 $530,000
Unit504 1 / 1 1,050 $245,500


We can see from this report that

  • Condo Unit 1111 a 3 bedroom unit sold for $530,000 – this 3 bedroom 3 bathroom 2150 square foot unit had a list price to square foot price of $247.00.  This condo was a “spectacular” and move in ready 1st floor unit with gorgeous ocean views.  The unit has an upgraded kitchen and bathrooms, crown molding, a steam room feature in bathroom, washer/dryer in unit, walk in closets, tons of storage space.  The unit has a huge balcony.
  • Condo Unit 504 a 1 bedroom unit sold for $245,500 this 1 bedroom 1 bathroom 1050 square foot unit had a list price to square foot price of $234.00.    This condo is very spacious and offers great views of the ocean and pool area.  The unit has impact windows and an impact door.   The condo is all tiled, there s a washer & dryer in unit and it has just just freshly painted. 

Regency Tower
Condos Sales – Last 12 Months

There have been 8 x Fort Lauderdale condos sold here in Regency Tower condominium over the last 12 months

The market summary report for these condo sales is presented below

$$  Beds/Baths SF/FF Sale Price
Avg 2 / 2 1,432 $390,649
Med  2 / 2 1,300 $344,000


We can see from this report that the median sales price for a unit here in Regency Tower over the last 12 months has been $344,000  
– this being for a 2 bedroom 2 bathroom unit of 1300 sq ft.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Regency Tower over the last 12 months.

$$  SP$/SqFt
Avg $263
Med $256


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 $256.00 per square foot.

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Regency Tower – 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$/LP$
Avg 97%
Med 93%


We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 93%

This means if a Fort Lauderdale condo for sale here in Regency Tower is listed at $400,000 – then based on median sales data the condo could be expected to sell for 93% of that amount or $372,000.

Days on Market

Days on market for 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 condo sales over the last 6 months.

$$  Days on Market
Avg 88
Med 80

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower is 88 days  – less than 3 months!

More importantly is the median days on market at  80 days!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower is a popular condominium here in Fort Lauderdale.

It is encouraging to see median prices for recent sales on the rise when compared to 2014 sales with a median sales price to square foot price of $256.00 for the last 12 months which is up from $242.00 for all of 2014 – see the report below.

 Pricing SP$/SqFt
High $300
Low $224
Average $252
Median $242

 

As I outlined in my last post I am personally confident that we will see median sales price to square foot prices soon pass the $270.00 mark!

I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Regency Tower – Kevin Wirth – Realtor