View from Fort Lauderdale condos for sale Regency Tower on Galt Ocean Mile

Regency Tower Condos

Regency Tower
Fort Lauderdale

Welcome to our February / March 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!

 

Search Regency Tower Condos for Sale

 

Currently there are 3 x Regency Tower condos for sale

There have been 4 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 $334,950 – $455,900
  • Median List Price $355,000
     – 1 Bedroom Units $344,975
    – 2 Bedroom Units $455,900

Median Sales Prices

  • Sales Price last 6 Months $587,500
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $356.00
  • Sales to List Price 94%
  • Days on Market 148 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 2 / 2 1,500 $455,900
Low 1 / 1 1,050 $334,950
Avg 1 / 1 1,250 $381,950
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 Dec 2016 / Jan 2017 the median price for a Fort Lauderdale condo for sale in Regency Tower was $429,000 – the median price is based on a 2 bedroom 2 bathroom unit of 1550 square feet with a list price to square foot price of $294.00

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 $344,975 $329
2 / 2 1,500 $455,900 $304

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

  • 1 Bedroom Regency Tower condos for sale is $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.In our last post the median for 1 Bedroom Regency Tower condos for sale was a little higher at $351,975 – this being for a 1 bedroom 1 bathroom 1125 square foot unit with a list price to square foot price of $335.00.
  • 2 Bedroom Regency Tower condos for sale is $455,900 – this being for a 2 bedroom 2 bathroom 1500 square foot unit with a list price to square foot price of $304.00In our last post the median for 2 Bedroom Regency Tower condos for sale was a little lower at $449,900 – this being for a 2 bedroom 2 bathroom 1580 square foot unit with a list price to square foot price of $286.00

Regency Tower
New Listings

There has been no new listings of Regency Tower condos for sale Fort Lauderdale over the last 30 days

In our last post there were 2  new listings…

A 2 bedroom Regency Tower condo listed for sale for $455,500 – this 2 bedroom 2 bathroom 1580 square foot unit has a list price to square foot price of $294.00

A 2 bedroom Regency Tower condo listed for sale for $429,000 – this 2 bedroom 2 bathroom 1580 square foot unit has a list price to square foot price of $286.00

 

Kevin Wirth Fort Lauderdale Realtor

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

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View Galt Ocean Mile New Listings

 

View Regency Tower condo pending sale Fort Lauderdale
View Regency Tower condo pending sale Fort Lauderdale

Regency Tower
Pending Sales

There are 2 x Galt Ocean Mile condo for sale here in Regency Tower that are under contract and are pending sale. 

In each of our last 2 post there was just 1 condo pending sale!

The market analysis report for these 2 units is presented below.

 Condo Beds/Baths SF/FF List Price
Unit 707 2 / 2 1,550 $455,500
Unit1610 2 / 2 1,580 $409,000


We can see from this report that: 

Condo Unit 707 a 2 bedroom unit offered for sale for $455,500 is now 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.

Condo Unit 1610 a 2 bedroom unit offered for sale for $409,000 is now pending salethis 2 bedroom 2 bathroom 1580 square foot unit had a list price to square foot price of $273.00.

This Galt Ocean Mile condo offers ocean views and features remodeled kitchen and bathrooms.  The unit has all impact doors & windows!

View from Galt Ocean Mile condo recently sold Regency Tower - Unit 1211
View from Galt Ocean Mile condo recently sold Regency Tower – Unit 1211

Regency Tower
Condos Sales – Last 6 Months

There have been 4 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months

This is the same number of 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 1,650 $420,000
Avg 2 / 2 1,821 $577,500
Med 2 / 2 1,650 $587,500


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 $587,500  – this being for a 2 bedroom 2 bathroom unit of 1650 sq ft.

The median sales price in our last post was $448,725 – this being for a 2 bedroom 2 bathroom unit of 1675 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 $715,000 and that the lowest price paid was $420,000.

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 $424
Low $255
Avg $317
Med $356

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 $356.00 per square foot 

We can also see that the highest sales price to square foot price paid was $424.00 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$/LP$
High 95%
Low 94%
Avg 94%
Med 94%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 94%this is down slightly from 95% as in our last 3 posts!

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 94% of that amount or $423,000.

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
High 190
Low 66
Avg 138
Med 148

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 148 days – the same 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
Unit 601 2 / 2 1,650 $700,000
Unit 606 2 / 2 1,600 $475,000
Unit1202 2 / 2 1,700 $420,000

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 just 3 units for sale in the complex – so inventory of units for sale is low.

Sales have been good (given the low inventory) over the last 6 months with 4 units sold and 2 units pending 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