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
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
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 $305,000 – this 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.
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
954-459-0337
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!
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
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