View Regency Tower Galt Ocean Mile condos for sale Fort Lauderdale

Regency Tower Condos

Regency Tower
Fort Lauderdale

Welcome to our October / November 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 4 x Regency Tower condos for sale

There have been 3 sales over the last 6 months – and 1 condo 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 $279,000 – $849,500

Median Sales Prices

  • Sales Price last 6 Months $455,000
    – 2 Bedroom 2 Bathroom Unit 
  • Sales Price to Sq Ft Price $294.00
  • Sales to List Price 94%
  • Days on Market 50 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 4 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 August / September 2017.

The market analysis report for the 4 x Galt Ocean Mile condos currently for sale in Regency Tower is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1050 $279,000
Max 3 / 2 2150 $849,500
Avg 2 / 2 1475 $554,500
Median 1 / 1 1350 $544,750

We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $544,750 – the median price is based on a 1 bedroom 1 bathroom unit of 1350 square feet with a list price to square foot price of $374.00

Because we have just 4 condos for sale – it is useful to look to median list prices by bedroom – which we do below! 

View Galt Ocean Mile condo for sale - Regency Tower Fort Lauderdale
View Galt Ocean Mile condo for sale – Regency Tower Fort Lauderdale

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 $324,500 $309.00
2 / 2 1650 $719,500 $436.00
3 / 2 2150 $849,500 $395.00

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

  • 1 Bedroom Regency Tower condos for sale is $324,500 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $309.00.  In our last post the median for 1 Bedroom Regency Tower condos for sale was almost the same at $324,450 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $301.00.
  • 2 Bedroom Regency Tower condos for sale is $719,500 – this being for a 2 bedroom 2 bathroom 1650 square foot unit with a list price to square foot price of $436.00 – In our last post there were no 2 bedroom condos for sale. In our prior post the median for 2 Bedroom Regency Tower condos for sale was much much lower at $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
  • 3 Bedroom Regency Tower condos for sale is $849,500 –  – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a list price to square foot price of $395.00 – this is the same as in our last post!

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 was 1 new listing  Regency Tower Unit 1408 a rennovated / updated 1 bedroom 1 bathroom 1100 square foot condo with a list price to square foot price of $317.00


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 Unit 1408 pending sale Regency Tower Galt Ocean Mile
View Unit 1408 pending sale Regency Tower Galt Ocean Mile

Regency Tower
Pending Sales

There is currently 1 unit pending sale here in Regency Tower – which is up from no units pending sale as in our last 2 posts!

Our market analysis report for this unit is presented below

CONDO BEDS / BATHS LA LP$
Unit 1408 1 / 1 1100 $349,000

We can see from this report that Unit 1408 a 1 bedroom Regency Tower condo is now pending sale this 1 bedroom 1 bathroom 1100 square foot unit has a list price to square foot price of $317.00

Unit 1408  features: a designer open kitchen with top of the line appliances, polished traventine floors throughout, nicely appointed bathrooms with marble walk in shower in master bathroom and Impact windows and door.

The unit offers superior views of ocean and city from its balcony! 

Look at the views from this condo recently sold in Regency Tower - Unit 1611
Look at the views from this condo recently sold in Regency Tower – Unit 1611

Regency Tower
Condos Sales – Last 6 Months

There have been 3 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months

This is the same number of units sold over the preceding 6 months as per our last post for August / September 2017!

The market analysis report for these condo sales is presented below

BEDS / BATHS LA SP$
Min 1 / 1 1050 $275,000
Max 3 / 2 2150 $700,000
Avg 2 / 2 1583 $476,666
Median 2 / 2 1550 $455,000

We can see that the average price paid for as Regency Tower condo sold over the last 6 months has been $476,666 – this being for a 2 bedroom 2 bathroom unit of 1583 square feet

In our last post the average price paid for as Regency Tower condo sold over the last 6 months was higher at $511,666 – this being for a larger 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 $455,000this being for a 2 bedroom 2 bathroom unit of 1550 square feet

In our last post the median price paid  for a Regency Tower condo over the the last 6 months was higher at $577,500 – this being for a 2 bedroom 2 bathroom unit of 1550 square feet

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 $262.00
Max $326.00
Avg $294.00
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 – the same as in our last 2 posts!

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 92%
Max 99%
Avg 95%
Median 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 the same 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 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.

DOM
Min 21
Max 116
Avg 62
Median 50

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 50 days. 

This is the same as in our last 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 1611 3 / 2 2150 $700,000
Unit 707 2 / 2 1550 $455,000
Unit 808 1 / 1 1050 $275,000

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 1611 a 3 bedroom 2 bathroom condo which sold for $700,000

Unit 1611 sold for 94% of its list price and had 21 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 4 units for sale in the complex.

Sales have been “steady” over the last 6 months – with 3 units sold!

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