Ocean views from one of the Regency Tower condos for sale Fort Lauderdale

Regency Tower Condos

Regency Tower
Fort Lauderdale

Welcome to our February / March 2016 post on Regency Towers condos for sale.

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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 5 x Regency Tower condos for sale – 1 of which is a new listing. 

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 – Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Prices from $289,000 – $497,500
  • Median List Price $476,900
    2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $347,500
    – 2 Bedroom 2 Bathroom Unit
  • Sales to List Price 91%
  • Days on Market 41 Days
Beach and Pool views from a Regency Tower condo for sale here on Galt Ocean Mile
Views from a Regency Tower condo for sale here 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 1,744 $497,500
Low 1 / 1 1,050 $289,000
Avg 2 / 2 1,498 $438,440
Med 2 / 2 1,600 $476,900


We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $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

Note the increases in median prices since our post in September / October 2015 – an increase of over 12% or $51,900!

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 1,600 $477,900 $281

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 median in our last post was also $289,000
  • The 4 x 2 bedroom units for sale is $477,900 – this being for a 2 bedroom 2 bathroom unit of 1600 square feet with a list price to square foot price of $281.00 – The median in our last post for 2 bedroom units for sale was $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
Views from a condo just listed for sale in Regency Tower
Views from a condo just listed for sale in Regency Tower in Fort Lauderdale

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 1,600 $497,500 $311

 

We can see from this report that a 2 bedroom 2 bathroom unit – condo 606 has just been listed for sale for $497,500this 1600 square foot unit is offered for sale with a list price to square foot price of $311.00

This condo is a completely updated corner unit.  The condo features: a white open kitchen with high end stainless steel appliances, iridescent designer bottle glass back splash, white quartz counter-tops, designer ostrich slate in bathroom.

There is designer white plank “milk washed” white oak thru out.

Other features include: Impact windows and doors thru out, wrap around balcony, new plumbing, new electrical and new air conditioner. There is a full size new washer and dryer. 

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

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Search Galt Ocean Mile Condos for Sale

View Galt Ocean Mile New Listings

 

Ocean views from condo 1004 currently pending sale in Regency Tower
Ocean views from condo 1004 currently pending sale

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 2 posts 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 302 2 / 2 1,787 $412,000
Unit 910 2 / 2 1,500 $399,900
Unit1004 1 / 1 1,050 $305,000
Median 2 / 2 1,500 $399,900

We can see from this report that:

  • Condo Unit 302 a 2 bedroom unit offered for sale for $412,000 is now pending salethis 2 bedroom 2 bathroom 1787 square foot unit had a list price to square foot price of $231.00.  This condo is a spacious ocean front unit with a South East view.  The special assessment has been paid and the unit features: a new A/C, new fridge, dryer and dish washer.
  • Condo Unit 910 another 2 bedroom unit offered for sale for $399,900 is now pending salethis 2 bedroom 2 bathroom 1500 square foot unit had a list price to square foot price of $267.00.  The owner of this unit says sell!  This condo is the 2nd unit in from the North East corner and offers direct ocean views.  This unit has high impact windows, an eat in kitchen and washer /dryer, as well as lots of closet space.  You will love the great balcony off living room.
  • 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. 

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 – the same number of sales in our prior post!

The market analysis report for these condo sales is presented below

 $$ Beds/Baths SF/FF Sale Price
High 2 / 2 1,600 $375,000
Low 2 / 2 1,450 $320,000
Avg 2 / 2 1,525 $347,500
Med 2 / 2 1,525 $347,500

 

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 $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 $375,000 and that the lowest price paid was $320,000. 

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 $234
Low $221
Avg $228
Med $228


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 $228.00 per square foot.

We can also see that the highest sales price to square foot price paid was $234.00 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 91%
Med 91%


We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 91%

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 91% of that amount or $364,000.

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 41
Med 41

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 41 days  – less than 2 months!

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.

 

There is currently a good range of condos for sale and it is encouraging to see 3 units pending sale.

Units in Regency Tower are spacious and offer great value – I am confident that this complex will see strong appreciation of values over the next 6-12 months.

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