View from a Fort Lauderdale oceanfront 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 are direct oceanfront units set right on the beach here on Galt Ocean Mile!

Currently there are 4 x Regency Tower Fort Lauderdale 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 $289,000 – $569,000
  • Median List Price $309,900
    1 Bedroom 1 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $408,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales to List Price 95%
  • Days on Market 123 Days
Entrance to Regency Tower Fort Lauderdale
Entrance to Regency Tower Fort Lauderdale

Regency Tower
Condos for Sale

The market analysis report for Regency Tower condos for sale is presented below.

$$ Beds/Baths SF/FF List Price
High 3 / 3 1,100 $569,000
Low 1 / 1 1,050 $289,000
Avg 1 / 1 1,066 $369,450
Med 1 / 1 1,050 $309,900

 

We can see from this report that the median price for a Regency Tower condo for sale is $309,900 – the same as in our last post for Regency Tower Condos for Sale – March / April 2015

The median price is based on a 1 bedroom 1 bathroom unit of 1050 square feet- with a list price to square foot price of $275.00.

Regency Tower Condos
Prices by Bedroom

Here are the median prices for Regency Tower condos for sale by bedroom.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,050 $299,900 $275
3 / 3 N/A $595,000 N/A

 

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

  • 1 bedroom units are $299,900 this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a list price to square foot price of $275.00
  • 3 bedroom units is $595,000this being for a 3 bedroom 3 bathroom unit – note only 1 x 3 bedroom unit is currently for sale.

Regency Tower
New Listings – Last 30 Days

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

 

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos for Sale

View Galt Ocean Mile New Listings

Regency Tower
Pending Condo Sales

There is currently 1 condo pending sale here in Regency Tower.

The market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,050 $299,500 $285

We can see from this report that a 1 bedroom 1 bathroom unit – condo unit 1504 is now pending sale – this condo was offered for sale at $299,500 This unit had just 6 days on the market

This condo is spacious and bright and is a sunny “southside” unit with great ocean and intracoastal views.

The unit has been completely remodeled with new a/c and all furnishings for sale.

This Fort Lauderdale condo was offered for sale with owner financing / sellor financing available!

View of Regency Tower condominium here in Fort Lauderdale FL
View of Regency Tower condominium here on Galt Ocean Mile in Fort Lauderdale FL

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.

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 $241,694
Avg 2 / 2 1,623 $413,939
Med 2 / 2 1,647 $408,000

 

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 $408,000 – which is down from our last post!

In our last post for March / April 2015 the median sales price for a unit here in Regency Tower over the preceding 6 months had been $437,500.

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 $230
Avg $269
Med $256

 

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 $256.00 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 100%
Med 95%

 

We can see from this report that the average ales price to list price for Fort Lauderdale condo here in Regency Tower  has been 100%

Important to note is the median sales price to list price at 95%

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 95% of that amount or $380,000.

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 105
Med 123

 

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower is 105 days

More importantly is the median days on market at 123 days – or just over 4 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.

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 $256.00.

For all sales in 2014 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

 

It is important to note that median prices over the last 6 months here in Regency Tower have been based on 2 bedroom units  – we currently only have 1 x 2 bedroom unit for sale.

2 Bedroom Galt Ocean Mile condos for sale typically command a higher per square foot price than do 1 bedroom units.

I am confident that as more 2 bedroom units are sold we will see the median sales price to square foot price rise to around $270,00 or more – particularly if inventory levels of 2 bedroom units remains “tight”

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