View from Fort Lauderdale condo for sale here in Regency Tower

Regency Tower Condos

Regency Tower
Fort Lauderdale

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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 5 x Regency Tower Fort Lauderdale Condos for Sale  – 3 of these are new listings.

There have been 4 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 to 2014 sales. Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Prices from $279,000 – $489,000
  • Median List Price $299,900
    1 Bedroom 1 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $357,500
    – 2 Bedroom 2 Bathroom Unit
  • Sales to List Price 94%
  • Days on Market 33 Days
View of Regency Tower here on Galt Ocean Mile
View of Regency Tower 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 1,550 $489,000
Low 1 / 1 1,050 $279,000
Avg 1 / 1 1,250 $330,580
Med 1 / 1 1,100 $299,900


We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $299,900

The median price is based on a 1 bedroom 1 bathroom unit of 1100 square feet – a good sized unit!

Regency Tower
Prices by Bedroom

Here is the market summary report for Regency Tower condos for sale – showing median prices by bedroom.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,050 $280,000 $266
2 / 2 1,525 $394,450 $258

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

  • 1 bedroom units is $280,000this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a list price to square foot price of $266.00Note in our last report the median price for 1 bedroom units was $310,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $249.00
  • 2 bedroom units is $450,000 – this being for a 2 bedroom 2 bathroom unit of 1525 square feet with a list price to square foot price of $258.00Note in our last report the median price for 2 bedroom units was $450,000 – this being for a 2 bedroom 2 bathroom unit of 1787 square feet with a list price to square foot price of $252.00

Regency Tower
New Listings

There has been 3 new listings of condos for sale here in Regency Tower Fort Lauderdale over the last 30 days 

The market analysis report for these units is presented below

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,550 $489,000
Low 1 / 1 1,050 $279,000
Med 2 / 2 1,500 $299,900


We can see from this report that the median price for a new listing is $299,900
this being for a 2 bedroom 2 bathroom unit with a list price to square foot price of $266.00

 

Kevin Wirth Fort Lauderdale Realtor

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

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Regency Tower
Pending Sales

There is currently just 1 condo under contract and pending sale here in Regency Tower 

The market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price Days on Market
3 / 3 N/A $569,000 142

We can see from this report that a 3 bedroom 3 bathroom unit – condo unit 111 is now pending sale – this condo was offered for sale at $569,000 – This unit had 142 days on the market

This Fort Lauderdale condo is a “spectacular” and move in ready 1st floor condo with gorgeous ocean views of the beach and ocean!

The unit is a large end unit and offers private beach access.

The condo features an upgraded kitchen and bathrooms, crown molding, a steam room feature in bathroom and a washer/dryer in the unit.  There are walk in closets and tons of storage space.

The bonus is the huge balcony! 

View of the oceanfront pool here at Regency Tower Fort Lauderdale
View of the oceanfront pool here at Regency Tower Fort Lauderdale

Regency Tower
Condos Sales – Last 6 Months

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

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 1 / 1 1,050 $270,000
Avg 2 / 2 1,648 $425,000
Med 2 / 2 1,744 $357,500


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 $357,500 –
which is down from our last post!

In our last post for May / June 2015 the median sales price for a unit here in Regency Tower over the preceding 6 months had been $408,500.

The median in this and our last report being based on a 2 bedroom 2 bathroom 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 $333
Low $249
Avg $283
Med $267


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 $267.00 per square foot.

Important to note is the highest square foot price paid at $333.00

% 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 94%

We can see from this report that the average ales price to list price for Fort Lauderdale condo here in Regency Tower has been 95%

Important to note is the median sales price to list price at 94%

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 would sell for 94% of that amount or $376,000.

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 65
Med 33

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower is 65 days

More importantly is the median days on market at  33 days – or just over 1 month!

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.

It is encouraging to see median prices for recent sales on the rise when compared to 2014 sales – with a median sales price to square foot price of $267.00 – up from $256.00 in our last post for May / June!

This is also up from the median for all sales for 2014 when the median sales price to square foot price was $242.00 – see the report below.

 Pricing SP$/SqFt
High $300
Low $224
Average $252
Median $242

 

These increases in median square foot prices are a very positive indicator for this great Galt Ocean Mile complex! 

I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Regency Tower – Kevin Wirth – Realtor