Superb oceanfront views from this Fort Lauderdale condo for sale in Regency Tower

Regency Tower Condos

Regency Tower
Fort Lauderdale

Welcome to our May / June 2016 post on Regency Towers condos for sale Fort Lauderdale.

Search Regency Tower Condos for Sale

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 6 x Regency Tower condos for sale – all 2 bedroom units!

There have been 5 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 $424,950 – $749,000
  • Median List Price $469,000
    2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $375,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales to List Price 88%
  • Days on Market 75 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 1,744 $749,000
Low 2 / 2 1,600 $424,950
Avg 2 / 2 1,658 $509,892
Med 2 / 2 1,650 $469,000


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

Note all the units currently for sale are 2 bedroom units!

Oceanfront views from a condo for sale in Regency Tower
Oceanfront views from a condo for sale in Regency Tower

Regency Tower
New Listings

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

In our last post there was 1 new listing a 2 bedroom 2 bathroom unit condo 606 which had just been listed for sale for $497,500 – this 1600 square foot unit is offered for sale with a list price to square foot price of $311.00

 

Kevin Wirth Fort Lauderdale Realtor

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

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Search Galt Ocean Mile Condos for Sale

View Galt Ocean Mile New Listings

 

View 2 bedroom condo pending sale in Regency Tower
View 2 bedroom condo pending sale in Regency Tower

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 3 posts there were also 3 condos pending sale!

The market analysis report for these units is presented below.

 $$ Beds/Baths SF/FF List Price
Unit511 3 / 2 2,150 $679,000
Unit1807 2 / 2 1,744 $497,500
Unit1004 1 / 1 1,050 $314,900
Average 2 / 2 1,648 $497,133
Median 2 / 2 1,744 $497,500

We can see from this report that:

  • Condo Unit 1807 a 2 bedroom unit offered for sale for $497,500 is now pending salethis 2 bedroom 2 bathroom 1744 square foot unit had a list price to square foot price of $316.00.  This unit is a direct oceanfront condo with 2 parking spots and a washer and dryer in unit.   This condo offers unobstructed views and a wrap-around direct oceanfront balcony.
  • Condo Unit 1807 another 2 bedroom unit offered for sale for $497,500 is now pending salethis 2 bedroom 2 bathroom 1744 square foot unit had a list price to square foot price of $285.00. This remodeled North West corner unit offers a large wrap-around balcony, contemporary porcelain tile and contemporary bathroom vanities.  There is an open kitchen, with raised ceiling, recessed lighting, granite counter tops, glass block back splash, stainless steel appliances, and a breakfast bar.  This oceanfront condo has all that you need to enjoy the Florida beach lifestyle.
  • 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. 
Views from a condo recently sold here in Regency Tower on Galt Ocean Mile
Views from a condo recently sold here in Regency Tower on Galt Ocean Mile

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 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 2 / 2 1,787 $455,000
Low 2 / 2 1,450 $320,000
Avg 2 / 2 1,616 $374,000
Med 2 / 2 1,600 $375,000


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 $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 $320,000 and that the lowest price paid was $455,000. 

It is important to note is that in this and our last post – all of the sales were for 2 bedroom units!

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 $261
Low $190
Avg $232
Med $234


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 $234.00 per square foot.

We can also see that the highest sales price to square foot price paid was $261.00 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 88%
Med 88%


We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 88%

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 88% of that amount or $352,000.

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 80
Med 75


We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 75 days  – less than 3 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 great range of 2 bedroom condos for sale  – including some directly on the oceanfront.

Regency Tower prices are slowly moving up – yet this complex offers great units, that spacious with large terraces and nice ocean views.

Personally I think units here will continue to rise till the median price is closer to $500,000.

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