View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale for sale

Regency Tower Condos

Regency Tower
Galt Ocean Mile Condos
2020 / 2021 Pricing Guide

Welcome to our December 2020 / January 2021 pricing guide for Regency Tower Galt Ocean Mile condos for sale 3850 Galt Ocean Drive Fort Lauderdale Florida.

Fort Lauderdale condos for sale here in Regency Tower are direct oceanfront units set right on the beach here on Galt Ocean Mile!

Search Regency Tower Condos for Sale

The search includes both Regency Tower and Regency Tower South Units for Sale

Currently there are 8 x condos for sale here in Regency Tower Galt Ocean Mile, Fort Lauderdale – 2 of which are new listings.

There have been 6 sales of condo units over the last 6 months and 1 unit is 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 over the last 6 months!

We also compare recent sales in Regency Tower important information for both buyers and sellers!

Regency Tower
Galt Ocean Mile – Key Statistics
Regency Tower Condominium complex in Fort Lauderdale, Florida
Address: 3850 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $324,900 – $890,000

Median Prices

  • Median List Price $389,000
    for a 2 bedroom 2 bathroom unit
  • Median Sales Price $418,750
    – for a 2 bedroom 2 bathroom unit
  • Median Sales Price to Sq Ft Price $296.00
    Median Sales to List Price 96%
  • Days on Market 124 Days
View Galt Ocean Mile condominium Regency Tower 3850 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Regency Tower 3850 Galt Ocean Drive Fort Lauderdale

Regency Tower
Condos for Sale

There are currently 8 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale – a mix of 1, 2 & 3 bedroom units!

The number of condos for sale is up slightly from the 7 units for sale as in our last post for September 2020 / October 2020

Our market analysis report for these 8 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 980 $324,900
Max 3 / 2 2,080 $890,000
Avg 2 / 2 1,365 $488,913
Median 1 / 1 1,300 $389,000

We can see from this report that the average price for an Galt Ocean Mile direct oceanfront condo for sale here in Regency Tower is $488,913 – this being for a 2 bedroom 2 bathroom unit!

In our last post for September 2020 / October 2020 the average price for an Galt Ocean Mile direct oceanfront condo for sale in Regency Tower was lower at $485,843 – this being for a 2 bedroom 2 bathroom unit!

We can also that the median price for a Galt Ocean Mile condos for sale here in Regency Tower is $389,000 – this being for a 2 bedroom 2 bathroom unit

In our last post the median price for a condo for sale here in Regency Tower was the same at $389,000 – this being for a 2 bedroom 2 bathroom unit

Beach view Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale
Beach view Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale

Regency Tower
Prices by Bedroom

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

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,050 $346,950 $339.00
2 / 2 1,580 $500,000 $316.00
3 / 2 2,080 $890,000 $428.00

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

  • 1 bedroom Regency Tower condos for sale is $346,950 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a list price to square foot price of $339.00 In our last post the median list price for 1 bedroom condos for sale was higher at $359,900 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a list price to square foot price of $350.00
  • 2 bedroom Regency Tower condos for sale is $500,000 – this being for a 2 bedroom 2 bathroom unit of 1580 square feet with a list price to square foot price of $316.00 – In our last post the median price for 2 bedroom condos for sale was much higher at $590,000 – this being for a 2 bedroom 2 bathroom unit of 1600 square feet with a list price to square foot price of $369.00
  • 3 bedroom Regency Tower condos for sale is $890,000 – this being for a 3 bedroom 2 bathroom unit of 2080 square feet with a list price to square foot price of $428.00 –  In our last post the median price was much lower at $750,000 – this being for a 3 bedroom 2 bathroom unit of 2080 square feet with a list price to square foot price of $361.00

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!


Kevin Wirth P.A. – Realtor

Galt Ocean Mile Specialist 
954-459-0337

kevinsellsmore@gmail.com

Click here to email me now

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View Galt Ocean Mile New Listings


View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 411
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive just listed for sale Unit 411

Regency Tower
New Listings

There have been 2 new listings of Galt Ocean Mile condos for sale here in Regency Tower over the last 30 days – In our last post there had been no new listings over the preceding 30 days!

Our market analysis report for these new listings is presented below:

BEDS / BATHS LA LP$
Unit 411 3 / 2 2,080 $890,000
Uni 504 1 / 1 1,050 $324,900

We can see from this report that:

Regency Tower Unit 411 a 3 bedroom Galt Ocean Mile condo has just need listed for sale for $890,000this 3 bedroom 2 bathroom 2080 square foot unit has a list price to square foot price of $428.00

Unit 411 offers breathtaking ocean views and has a wrap-around balcony and impact windows.

This Galt Ocean Mile condo features: a bright kitchen with Granite countertops, walk-in closets, an in-unit laundry, brand new A/C, a huge master bedroom with seating area and bathrooms with a spa tub and spa shower.

Regency Tower Unit 504 a 1 bedroom Galt Ocean Mile condo has just need listed for sale for $324,900this 1 bedroom 1 bathroom 1050 square foot unit has a list price to square foot price of $309.00

Unit 504 is on the South side of the building and offers ocean views from the living room and bedroom!

This Galt Ocean Mile condo features: Impact windows and balcony door, matching 24-inch beige tiles which create a natural flow in the unit. The kitchen has been opened with a small bar area to entertain guests.

View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale pending sale Unit 1711
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive pending sale Unit 1711

Regency Tower
Pending Sales

There is currently just 1 x Regency Tower Galt Ocean Mile condo pending sale – In our last post there were 3 condos pending sale!

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 1711 3 / 2 2,080 $730,000

We can see from this report that Unit 1711 a 3 bedroom Galt Ocean Mile condo listed for sale in Regency Tower for $730,000 is now pending sale – this 3 bedroom 2 bathroom 2080 square foot unit with a list price to square foot price of $351.00

Unit 1711 offers spectacular ocean front views and is a North-East corner condo unit.

This Galt Ocean Mile condo for sale is ready for your personal touch and has one deeded garage space #149.

View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale recently sold Unit 1502
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive recently sold Unit 1502

Regency Tower Sales
Last 6 Months

There have been 6 x Galt Ocean Mile condos sold here in Regency Tower over the last 6 months – well up from our last post!

It is important to note that the number of sales is well up from our last post – when there had only been 1 unit sold over the preceding 6 months – Unit 1804 a 1 bedroom condo.

Our market summary report for these 6 sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,050 $251,000
Max 2 / 2 1,600 $567,500
Avg 2 / 2 1,397 $418,500
Median 2 / 2 1,540 $418,750

We can see from this report that the average sales price for a Regency Tower Galt Ocean Mile condo sold over the last 6 months has been $418,500 – this also being for a 2 bedroom 2 bathroom unit!

We can also see from this report that the median sales price over the last 6 months has been $418,750 – this also being for a 2 bedroom 2 bathroom unit!

Regency Tower Sales
Median Prices by Bedroom

Here is our summary market report for Regency Tower Galt Ocean Mile condos sold over the last 6 months – by bedroom!

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,050 $278,000 $265.00
2 / 2 1,590 $513,750 $323.00

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

1 Bedroom Regency Towers condos sold over the last 6 months has been $278,000 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a sales price to square foot price of $265.00

2 Bedroom Regency Towers condos sold over the last 6 months has been $513,750 – this being for a 2 bedroom 2 bathroom unit of 1590 square feet with a sales price to square foot price of $323.00

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
Min $239.00
Max $355.00
Avg $295.00
Median $296.00

We can see from this report that the median sales price to square foot price paid for a Regency Tower South condo sold over the last 6 months has been $296.00 per square foot

It is also important to note the highest price paid over the last 6 months at $355.00 per square foot!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Regency Tower Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.

Our market analysis report for this is presented below:

SP$/LP$
Min 91%
Max 100%
Avg 96%
Median 96%

We can see that the median sales price to list price for a condo here in Regency Tower over the last 6 months has been 96% 

This means if a Fort Lauderdale condo for sale here in Regency Tower is listed at $500,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $480,000 – based on MLS data!

Days on Market

Days on market for Regency Tower Galt Ocean Mile condos for sale is also a very important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 4
Max 279
Avg 126
Median 124

We can see from this report that the median days on market at 124 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.

Regency Tower Condos
Sales Last 6 Months by Unit

Here is our market summary report showing Regency Tower Galt Ocean Miles sales over the last 6 months by unit.

BEDS / BATHS LA SP$
Unit 1502 2 / 2 1,600 $567,500
Unit 802 2 / 2 1,600 $550,000
Unit 505 2 / 2 1,580 $477,500
Unit 501 2 / 2 1,500 $360,000
Unit 1409 1 / 1 1,050 $305,000
Unit 1804 1 / 1 1,050 $251,000

We can see from this report the data for each unit sold here in Regency Tower over the last 6 months.

We can also see that the most expensive sale was for unit 1502 as 2 bedroom Regency Tower condo – this 2 bedroom 2 bathroom 1600 square foot unit had a sales price to square foot price of $355.00

Unit 1502 sold for 96% of its list price and had 179 days on market – or just under 6 months.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower Galt Ocean Mile condos are direct oceanfront units set in a great complex here on Galt Mile right on the Beach!

We currently have a really nice range of condos for sale – with 8 units for sale – a mix of 1, 2 and 3 bedroom units.

I am pleased to report that sales have really picked up over the last 6 months with 6 units sold and 1 unit pending sale.

The earlier part of the year had been very slow with just 1 unit sold – this in my mind is a direct result of the Corona-Virus!

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