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
Condos for Sale
The market analysis report for Regency Tower condos for sale is presented below.
|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.
|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 $595,000 – this being for a 3 bedroom 3 bathroom unit – note only 1 x 3 bedroom unit is currently for sale.
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
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Pending Condo Sales
There is currently 1 condo pending sale here in Regency Tower.
The market analysis report for this unit is presented below.
|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!
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
|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
Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Regency Tower over the last 6 months.
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
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|
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
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.
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