View Fort Lauderdale condo for sale Regency Tower Galt Ocean Mile

Regency Tower Condos

Regency Tower
Fort Lauderdale

Welcome to our April / May 2017 post on Regency Tower 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!

 

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Currently there are 5 x Regency Tower condos for sale – 2 of which are new listings!

There have been 2 sales over the last 6 months and 1 unit is 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 $327,000 – $745,000
  • Median List Price $355,000
     – 1 Bedroom Units $327,000 – $355,000
    – 2 Bedroom Units from $445,000
    – 3 Bedroom Units from $745,000

Median Sales Prices

  • Sales Price last 6 Months
    – 2 Bedroom 2 Bathroom Unit $380,000

    – 3 Bedroom 2 Bathroom Unit $715,000
  • Sales Price to Sq Ft Price $286.00
  • Sales to List Price 95%
  • Days on Market 67 Days
View Regency Tower condominium here on Galt Ocean Mile
View Regency Tower condominium 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 3 / 2 1,500 $745,000
Low 1 / 1 1,050 $327,000
Avg 1 / 1 1,250 $441,390
Med 1 / 1 1,200 $355,000


We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $355,000 –
the median price is based on a 1 bedroom 1 bathroom unit of 1200 square feet with a list price to square foot price of $319.00

In our last post for Feb / March 2017 the median price for a Fort Lauderdale condo for sale in Regency Tower was the same at $355,000 – the median price being based on a 1 bedroom 1 bathroom unit of 1200 square feet with a list price to square foot price of $319.00

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 1,125 $334,950 $319
2 / 2 1,500 $445,000 $297
3 / 2 2,146 $745,000 $347

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

  • 1 Bedroom Regency Tower condos for sale is $334,950 – this being for a 1 bedroom 1 bathroom 1125 square foot unit with a list price to square foot price of $319.00.  In our last post the median for 1 Bedroom Regency Tower condos for sale was a little higher at $344,975 – this being for a 1 bedroom 1 bathroom 1125 square foot unit with a list price to square foot price of $329.00.
  • 2 Bedroom Regency Tower condos for sale is $445,000 – this being for a 2 bedroom 2 bathroom 1500 square foot unit with a list price to square foot price of $297.00  In our last post the median for 2 Bedroom Regency Tower condos for sale was also a little higher at $455,900 – this being for a 2 bedroom 2 bathroom 1500 square foot unit with a list price to square foot price of $304.00
  • 3 Bedroom Regency Tower condos for sale is $745,000 – this being for a 3 bedroom 2 bathroom 2146 square foot unit with a list price to square foot price of $347.00  In our last post there were no 3 bedroom units for sale!

Regency Tower
New Listings

There has been 2 new listings of Regency Tower condos for sale Fort Lauderdale over the last 30 days

In our last post there were no  new listings.

Our Market Summary report for these new listings is presented below:

Beds/Baths SF/FF List Price LP$/SqFt
3 / 2 2,146 $745,000 $347
1 / 1 1,051 $327,000 $311

We can see from this report that a:

3 Bedroom Regency Tower condo has just been listed for sale for $745,000this 3 bedroom 2 bathroom 2146 square foot unit has a list price to square foot price of $347.00

This Galt Ocean Mile condo for sale is a huge North East corner unit with direct ocean views from the living room, dining room and kitchen.   You will love the beautiful ocean views from bedrooms and from the wrap around balcony!

1 Bedroom Regency Tower condo has just been listed for sale for $327,000this 1 bedroom 1 bathroom 1051 square foot unit has a list price to square foot price of $311.00

This Galt Ocean Mile condo for sale is a stunning, decorator inspired unit with direct ocean and city views.   The condo has been totally remodeled with custom kitchen cabinets, granite counters, marble floors, teak doors and moldings!

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

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View Galt Ocean Mile New Listings

 

View of a Galt Ocean Mile condo pending sale in Regency Tower - Unit 707
View of a Galt Ocean Mile condo pending sale in Regency Tower – Unit 707

Regency Tower
Pending Sales

There is 1 condo for sale here in Regency Tower that is under contract and is pending sale. 

In our last post there were 2 condos pending sale!

The market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,550 $455,500 $294


We can see from this report that a 2 bedroom c
ondo – Unit 707 offered for sale for $455,500 is pending salethis 2 bedroom 2 bathroom 1550 square foot unit had a list price to square foot price of $294.00.

This Galt Ocean Mile condo is a beautiful NW corner unit with a “HUGE” wrap around balcony with great views of intracoastal and ocean. Comes with deeded covered parking space and has large floor plan with plenty of space to entertain guests.

This unit was also pending sale in our last post!

Views from a 3 bedroom condo recently sold in Regency Tower - Unit 1211
Views from a 3 bedroom condo recently sold in Regency Tower – Unit 1211

Regency Tower
Condos Sales – Last 6 Months

There have been 2 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months

This is well down from 4 units sold as in our last post!

The market analysis report for these condo sales is presented below

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 2,150 $715,000
Low 2 / 2 1,580 $380,000


We can see that the highest price paid for a Galt Ocean Mile condo here in Regency Tower over the last 6 months was $715,000 – this being for a 3 bedroom unit and that the lowest price paid was $380,000 – this being for a 2 bedroom unit!

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 $332
Low $240
Avg $286
Med $286

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 $286.00 per square foot 

We can also see that the highest sales price to square foot price paid was $332.00 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 the median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 95%this is up slightly from 94% as in our last post!

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.

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 67
Med 67

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 67 days

This is well down from 148 days as in our prior post!

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 condos sold over the last 6 months here in Regency Tower

 Condo Beds/Baths SF/FF Sale Price
Unit1211 3 / 2 2,150 $715,000
Unit1610 2 / 2 1,580 $380,000

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 1211 a 3 bedroom 2 bathroom condo which sold for $715,000

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower is a popular condominium here in Fort Lauderdale and there is currently a good range of direct oceanfront condos for sale.

Currently we have 5 units for sale in the complex – with 1 bedroom, 2 bedroom and 3 bedroom units for sale.

Sales have good over the last 6 months (even with just 2 units sold) – as we have had a low level of inventory of condos for sale!

This Galt Ocean Mile complex offers spacious units with great views and the building is set right on the oceanfront / beachfront.

So 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