Regency Tower
Fort Lauderdale
Welcome to our August / September 2016 post on Regency Tower condos for sale 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 – 1 of which is a new listing.
There have been 5 sales over the last 6 months and 2 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 – Important information for both buyers and sellers!
Key Statistics for Buyers / Sellers
- Prices from $369,000 – $469,000
- Median List Price $449,450
2 Bedroom 2 Bathroom Unit
Median Sales Prices
- Sales Price last 6 Months $455,000
– 2 Bedroom 2 Bathroom Unit - Sales to List Price 95%
- Days on Market 85 Days
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 | 1,700 | $469,000 |
| Low | 1 / 1 | 1,200 | $369,000 |
| Avg | 2 / 2 | 1,500 | $434,225 |
| Med | 2 / 2 | 1,600 | $449,450 |
We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $449,450 – the median price is based on a 2 bedroom 2 bathroom unit of 1600 square feet with a list price to square foot price of $302.00
In our last post the median price for a Fort Lauderdale condo for sale in Regency Tower was $469,000 – the median price is based on a 2 bedroom 2 bathroom unit of 1650 square feet with a list price to square foot price of $289.00
In our prior post the median price for a Fort Lauderdale condo for sale in Regency Tower was $476,900 – the median price is based on a 2 bedroom 2 bathroom unit of 1600 square feet with a list price to square foot price of $278.00
It is important to note that we have seen a softening of median prices for Regency Tower condos for sale in our last few posts.
With median prices down from $476,900, to $469,000 and now to $499,450 in this post.
Regency Tower
Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower condos for sale by bedroom
| Beds/Baths | SF/FF | List Price | LP$/SqFt |
| 1 / 1 | 1,200 | $369,000 | $351 |
| 2 / 2 | 1,650 | $449,900 | $281 |
We can see from this report that the median price for:
- 1 Bedroom Regency Tower condos for sale is $369,000 – this being for a 1 bedroom 1 bathroom 1200 square foot unit with a list price to square foot price of $351.00
- 2 Bedroom Regency Tower condos for sale is $449,900 – this being for a 2 bedroom 2 bathroom 1650 square foot unit with a list price to square foot price of $281.00
Regency Tower
New Listings
There has been 1 new listings of a condo for sale here in Regency Tower Fort Lauderdale over the last 30 days – In our last post there were no new listings.
Our market analysis report for this new listing is presented below.
| Beds/Baths | SF/FF | List Price | LP$/SqFt |
| 1 / 1 | 1,200 | $369,000 | $351 |
We can see from this report that a 1 bedroom unit _ Condo 1408 has been listed for sale for $369,000 – this 1 bedroom 1 bathroom 1200 square foot unit has a list price to square foot price of $351.00
This Galt Ocean Mile condo for sale is a beautifully updated unit and it shows like a model!
You will love the great views of ocean and city and intra coastal waterway from your large open balcony.
The condo features: an open gourmet kitchen with top of the line appliances, Travertine marble floors through out and designer appointed bathrooms.
There is a washer and dryer in unit and a hard to come by garage parking space, (not every unit in building has garage space).
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
954-459-0337
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Regency Tower
Pending Sales
There are currently 2 x Galt Ocean Mile condos for sale here in Regency Tower that are under contract and are pending sale.
In our last 4 posts there were 3 condos pending sale!
The market analysis report for these units is presented below.
| Condo | Beds/Baths | SF/FF | List Price |
| Unit601 | 2 / 2 | 1,600 | $749,000 |
| Unit606 | 2 / 2 | 1,650 | $495,500 |
| Median | 2 / 2 | 1,625 | $622,250 |
We can see from this report that:
- Condo Unit 601 a 2 bedroom unit offered for sale for $749,000 is now pending sale – this 2 bedroom 2 bathroom 1600 square foot unit had a list price to square foot price of $454.00. This condo is a South-East corner unit with a direct ocean view. The condo has been renovated with finest touches, including: marble floor, granite counter-tops, stainless steel appliances, closet systems, Jacuzzi tub in master bathroom, heated ToTo toilets and a washer/dryer in unit.
- Condo Unit 606 another 2 bedroom unit offered for sale for $495,500 is now pending sale – this 2 bedroom 2 bathroom 1650 square foot unit had a list price to square foot price of $284.00. This condo is a South-West corner unit. The condo has been completely updated and features a white open kitchen with high end stainless steel appliances, iridescent designer bottle glass back splash and white Quartz counter-tops. There is designer Ostrich slate in bathroom and designer white plank milk washed white oak through out.
Regency Tower
Condos Sales – Last 6 Months
There have been 5 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months
This is the same number of sales as in our last post but is well up from just 2 sales in our prior post!
The market analysis report for these condo sales is presented below
| $$ | Beds/Baths | SF/FF | Sale Price |
| High | 3 / 2 | 2,150 | $635,000 |
| Low | 1 / 1 | 1,050 | $287,000 |
| Avg | 2 / 2 | 1,657 | $453,890 |
| Med | 2 / 2 | 1,744 | $455,000 |
We can see from this report that the median sales price for a unit here in Regency Tower over the last 6 months has been $455,000 – this being for a 2 bedroom 2 bathroom unit of 1744 sq ft.
In our last post the median sales price for a unit here in Regency Tower over the preceding 6 months was $375,000 – this being for a 2 bedroom 2 bathroom unit of 1600 sq ft.
In our last post the median sales price for a unit here in Regency Tower over the preceding 6 months was $347,500 – this being for a 2 bedroom 2 bathroom unit of 1525 sq ft.
We can also see from this report that that highest price paid for a Galt Ocean Mile condo here in Regency Tower over the last 6 months was $635,000 and that the lowest price paid was $287,000.
Regency Tower
Sales Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower condos sold over the last 6 months by bedroom
| Beds/Baths | SF/FF | Sale Price | SP$/SqFt |
| 1 / 1 | 1,050 | $287,000 | $273 |
| 2 / 2 | 1,744 | $455,000 | $269 |
| 3 / 2 | 2,150 | $635,000 | $295 |
We can see from this report that the median sales price for:
- 1 Bedroom Regency Tower condos sold over the last 6 months has been $287,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a sales price to square foot price of $273.00
- 2 Bedroom Regency Tower condos sold over the last 6 months has been $455,000 – this being for a 2 bedroom 2 bathroom 1744 square foot unit with a sales price to square foot price of $269.00
- 3 Bedroom Regency Tower condos sold over the last 6 months has been $635,000 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a sales price to square foot price of $295.00
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 6 months.
| $$ | SP$/SqFt |
| High | $295 |
| Low | $261 |
| Avg | $278 |
| Med | $273 |
We can see from this report that the median sales price to square foot price paid for a Regency Tower condo sold over the last 6 months has been $273.00 per square foot – well up from our last post!
It is important to note that in our last post the median sales price to square foot price paid for a Regency Tower condo sold over the prior 6 months was $234.00 per square foot.
We can also see that the highest sales price to square foot price paid was $295.00 per square foot.
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Fort Lauderdale Condos for sale here in Regency Tower – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
| $$ | SP$/LP$ |
| Avg | 95% |
| Med | 95% |
We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 95%
This means if a Fort Lauderdale condo for sale here in Regency Tower is listed at $450,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $427,500.
Again it is important to note that in our last post the median sales price to list price for Regency Tower condos was a much lower 88%!
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 | 94 |
| Med | 85 |
We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 85 days or less than 3 months.
Days on market is the time from when the condo was listed for sale till the condo sold AND closed
My Thoughts / Summary
Regency Tower is a popular condominium here in Fort Lauderdale and there is currently a good range of condos for sale.
Median Sales prices have strengthened over recent months as has the median sales price to list price at 95%!
These are very encouraging indicators for Regency Tower condos for sale.
If your looking at Fort Lauderdale oceanfront condos for sale – I strongly recommend adding units here in Regency Tower on Galt Ocean Mile!
I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Regency Tower – Kevin Wirth – Realtor