View of a Fort Lauderdale condo for sale here in Regency Tower

Regency Tower Condos

Regency Tower
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 3 x Regency Tower condos for sale.  

There have been 5 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 $305,000 – $479,000
  • Median List Price $425,000
    2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $280,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales to List Price 93%
  • Days on Market 37 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 1,600 $479,000
Low 1 / 1 1,050 $305,000
Med 2 / 2 1,550 $425,000


We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $425,000

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 $290.00

View Fort Lauderdale condo for sale here in Regency Tower
View condo for sale here in Regency Tower

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 $305,000 $290
2 / 2 1,575 $452,000 $287

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

  • The 1 bedroom units for sale is $305,000this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a list price to square foot price of $290.00
  • 2 bedroom units is $452,000 – this being for a 2 bedroom 2 bathroom unit of 1575 square feet with a list price to square foot price of $287.00

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 for July / August 2015 there were 3 new listings. 

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

 

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 LP$/SqFt
2 / 2 1,500 $299,900 $200

We can see from this report that a 2 bedroom 2 bathroom unit – condo unit 110 is now pending sale – this condo was offered for sale at $299,900

It is important to note is that this unit had just 12 days on the market!

Unit 110 is located right on the first floor – you can literally walk out to the Galt Ocean Mile beach right from your home.  

This condo is completely renovated  with a lovely up to date kitchen and two beautiful bathrooms.  The unit has plenty of parking too!

Interior views from a condo recently sold here in Regency Tower
Interior views from a condo recently sold in Regency Tower

Regency Tower
Condos Sales – Last 6 Months

There have been 5 x Fort Lauderdale condos sold here in Regency Tower condominium over the last 6 months – up from 4 sales as per our last post!

The market analysis report for these condo sales is presented below

 $$ Beds/Baths SF/FF Sale Price
High 3 / 3 1,744 $530,000
Low 1 / 1 1,050 $245,500
Avg 2 / 2 1,281 $352,100
Med 1 / 1 1,050 $280,000


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 $280,000.

The median is based on a 1 bedroom 1 bathroom unit of 1050 sq ft.

In our earlier two posts the median sales prices had been based on sales of 2 bedroom 2 bathroom 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 $267
Low $234
Avg $250
Med $249


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 $249.00 per square foot.

Important to note is the highest square foot price paid at $267.00

% 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 93%
Med 93%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 93%

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 93% of that amount or $372,000.

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 37

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower is 80 days

More importantly is the median days on market at  37 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 $249.00 for the last 6 months which is up from $242.00 for all of 2014 – see the report below.

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

 

With the median list price to square foot prices for units for sale at $287.00 and $290.00.

I am confident that we will see median sales price to square foot prices soon pass the $270.00 mark!

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