View Fort Lauderdale oceanfront condo for sale Regency Tower Galt Ocean Mile

Regency Tower Condos

Regency Tower
Fort Lauderdale

Welcome to our June / July 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 3 x Regency Tower condos for sale, and there have been 4 sales over the last 6 months. 

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 $299,000 – $445,000
  • Median List Price $325,000
     – 1 Bedroom 1 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $577,500
    – 2 Bedroom 2 Bathroom Unit 
  • Sales Price to Sq Ft Price $294.00
  • Sales to List Price 95%
  • Days on Market 58 Days
View Regency Tower condominium here on Galt Ocean Mile
View Regency Tower condominium here on Galt Ocean Mile

Regency Tower
Condos for Sale

There are currently 3 x Galt Ocean Mile condos for sale here in Regency Tower – This is down from 5 condos for sale as in our last post for Regency Tower for April / May 2017.

The market analysis report for the 3 condos currently for sale is presented below.

$$ BEDS / BATHS LA LP$
Min 1 / 1 1050 $299,000
Max 2 / 2 1500 $445,000
Avg 1 / 1 1200 $356,333
Median 1 / 1 1050 $325,000

We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $325,000 – the median price is based on a 1 bedroom 1 bathroom unit of 1050 square feet with a list price to square foot price of $297.00

In our last 2 posts the median price for a Fort Lauderdale condo for sale in Regency Tower was a little higher 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 LA LP$ LP$/SqFt
1 / 1 1050 $312,000 $297.00
2 / 2 1500 $445,000 $297.00

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

  • 1 Bedroom Regency Tower condos for sale is $312,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $297.00.  In our last post the median for 1 Bedroom Regency Tower condos for sale was higher at $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.
  • 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 the same 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
  • There are currently no 3 Bedroom Regency Tower condos for sale – However in  our last post the median for 3 Bedroom Regency Tower condos for sale was $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

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:

  • 3 Bedroom Regency Tower condo listed for sale for $745,000
  • 1 Bedroom Regency Tower condo listed for sale for $327,000

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 condo for sale in Regency Tower
Look at the great oceanfront views from this Galt Ocean Mile condo in Regency Tower

Regency Tower
Pending Sales

There are currently no pending sales here in Regency Tower.

In our last post there were 1 condo was pending sale a 2 bedroom condo – Unit 707 offered for sale for $455,500

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 up from the 2 units sold as in our last post!

The market analysis report for these condo sales is presented below

$$ BEDS / LA SP$
Min 2 / 2 1500 $380,000
Max 3 / 2 2150 $715,000
Avg 2 / 2 1733 $562,500
Median 2 / 2 1550 $577,500

We can see that the average price paid for as Regency Tower condo sold over the last 6 months has been $562,500 – this being for a 2 bedroom 2 bathroom unit of 1733 square feet

We can also see that the median price paid for a Regency Tower condo over the the last 6 months has been $577,500this being for a 2 bedroom 2 bathroom unit of 1550 square feet

View from a 3 bedroom Galt Ocean Mile condo recently sold in Regency Tower - Unit 1211
View from a 3 bedroom Galt Ocean Mile condo recently sold in Regency Tower – Unit 1211

Regency Tower Sales
Prices by Bedroom

Here is our market summary report showing median sales prices for Regency Tower condos sold over the last 6 months by bedroom!

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1525 $417,500 $273.00
3 / 2 2150 $707,500 $326.00

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

  • 2 Bedroom Regency Tower condos sold has been $417,500 – this being for a 2 bedroom 2 bathroom 1525 square foot unit with a sales price to square foot price of $273.00  
  • 3 Bedroom Regency Tower condos sold has been $707,500 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a sales price to square foot price of $326.00  

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
Min $253.00
Max $326.00
Avg $291.00
Median $294.00

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 $294.00 per square foot – up from $286.00 per square foot as in our last post!

We can also see that the highest sales price to square foot price paid was $326.00 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$/LP$
Min 93%
Max 99%
Avg 96%
Median 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 the same as in our last post and up slightly from 94% as in our prior 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.

$$ DOM
Min 21
Max 68
Avg 51
Median 58

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 58 days or just under 2 months!

This is down from 67 days in our last post and 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 LA SP$
Unit 1211 3 / 2 2150 $715,000
Unit 1611 3 / 2 2150 $700,000
Unit 707 2 / 2 1550 $455,000
Unit 1610 2 / 2 1500 $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

Unit 1211 sold for 95% of its list price and had 66 days on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower is a popular Galt Ocean Mile condominium set right on the beach here in Fort Lauderdale.

Currently we have just 3 units for sale in the complex.

Sales have good over the last 6 months with 4 units sold – especially when taking into account the low level of inventory of condos for sale in this popular complex!

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