Regency Tower
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our January 2020 / February 2020 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 5 x Regency Tower condos for sale
There have been 4 sales in the complex over the last 6 months and 5 units are 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 Regency Tower – Important information for both buyers and sellers!
Regency Tower
Galt Ocean Mile – Key Statistics
Tower Association Inc – Condominium complex in Fort Lauderdale, Florida
Address: 3850 Galt Ocean Dr, Fort Lauderdale, FL 33308
Listings Prices
- Prices from $285,000 – $885,000
Sales Prices
- Sales Prices from $299,900 – $508,000
- Median Sales Price to Sq Ft Price $297.00
- Median Sales to List Price 95%
- Median Days on Market 53 Days
Regency Tower
Condos for Sale
There are currently 5 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale
The market analysis report for these 5 x Galt Ocean Mile condos for sale in Regency Tower is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 1,050 | $285,000 |
| Max | 3 / 2 | 2,150 | $885,000 |
| Avg | 2 / 1 | 1,378 | $490,980 |
| Median | 2 / 1 | 1,050 | $434,900 |
We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $285,000 to $885,000.
We can also see that the median price for a Regency Tower condo currently for sale is $434,900 – this being for a 2 bedroom 1 bathroom unit of 1050 square feet
In our last post the median price for a Regency Tower condo currently for sale was higher at $675,000 – this being for a 2 bedroom 2 bathroom unit of 1947 square fee
Regency Tower
Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower Galt Ocean Mile condos for sale by bedroom
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1,050 | $310,000 | $295.00 |
| 2 / 1 | 1,319 | $474,950 | $369.00 |
| 3 / 2 | 2,150 | $885,000 | $412.00 |
We can see from this report that the median price for:
- 1 Bedroom Regency Tower condos for sale is $310,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $295.00 – In our last post there were no 1 bedroom units for sale. In the last post when there were 1 bedroom units for sale, the median for 1 Bedroom Regency Tower condos for sale was $359,500 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $342.00
- 2 Bedroom Regency Tower condos for sale is $474,950 – this being for a 2 bedroom 1 bathroom 1319 square foot unit with a list price to square foot price of $369.00 – In our last post the median for 2 Bedroom Regency Tower condos for sale was higher at $507,450 – this being for a 2 bedroom 2 bathroom 1569 square foot unit with a list price to square foot price of $334.00
- 3 Bedroom Regency Tower condos for sale is $885,000 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a list price to square foot price of $412.00 – In our last post the median for 3 Bedroom Regency Tower condos for sale was higher at $947,600 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a list price to square foot price of $441.00
Regency Tower
New Listings
There have been no new listings of Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale over the last 30 days – this is the same as in our last post!
Buying / Selling?
Call Me Today!
Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337
Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings
Regency Tower
Pending Sales
There are currently 5 units pending sale here in Regency Tower – up from our last post when there were 4 units pending sale!
Our market analysis report for these units is presented below.
| BEDS / BATHS | LA | LP$ | |
| Unit 1107 | 2 / 2 | 1,744 | $465,000 |
| Unit 1707 | 2 / 2 | 1,550 | $435,000 |
| Unit 310 | 2 / 2 | 1,500 | $420,000 |
| Unit 1008 | 1 / 1 | 1,050 | $348,900 |
| Unit 903 | 1 / 1 | 1,050 | $335,000 |
We can see from this report that:
Regency Tower Galt Ocean Mile condo 1107 a 2 bedroom unit listed for sale for $465,000 is now pending sale – this 2 bedroom 2 bathroom 1744 square foot unit had a list price to square foot price of $267.00
Unit 1107 offers incredible unobstructed views of the intracoastal and city.
This Galt Ocean Mile condo for sale features: neutral tile throughout, new kitchen cabinets and stainless steel refrigerator and a washer and dryer.
Regency Tower Galt Ocean Mile condo 1707 a 2 bedroom unit listed for sale for $435,000 is now pending sale – this 2 bedroom 2 bathroom 1550 square foot unit has a list price to square foot price of $281.00
Unit 1707 is “Corner Unit” with a wrap around balcony that offers amazing city and ocean views!
This Galt Ocean Mile condo for sale features: Impact windows, Ceramic tile throughout and a Washer and Dryer!
Regency Tower Galt Ocean Mile condo 310 a 2 bedroom unit listed for sale for $420,000 is now pending sale – this 2 bedroom 2 bathroom 1500 square foot unit has a list price to square foot price of $280.00
Unit 310 offers ocean views from every room!
This Galt Ocean Mile condo for sale features: Tile floors with Laminate in bedrooms. The Master suite has large walk in closet as well as an additional closet space for storage.
Regency Tower condo 1008 a 1 bedroom unit listed for sale for $348,900 is now pending sale – this 1 bedroom 1 bathroom 1050 square foot unit has a list price to square foot price of $332.00
Unit 1008 offers everlasting North East ocean views and fantastic city views to the West!
This Galt Ocean Mile condo for sale features: all tile flooring, a remodeled open kitchen with a combo Washer/Dryer in the kitchen, a large master bedroom and beautifully remodeled bathroom. The unit is Hurricane protected offering impact windows and door.
Regency Tower condo 903 a 1 bedroom unit listed for sale for $335,000 is now pending sale – this 1 bedroom 1 bathroom 1050 square foot unit has a list price to square foot price of $319.00
Unit 903 offers beautiful ocean views from living room and bedroom!
This Galt Ocean Mile condo for sale features: an open kitchen with dining bar, granite counter tops and the unit has a washer and dryer.
Regency Tower
Condos Sales – Last 6 Months
There have been 4 sales of Regency Tower condos over the last 6 months – as recorded on the MLS – this is down from 5 sales over the preceding 6 months as in our last post!
Our market analysis report for these sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1,050 | $299,900 |
| Max | 2 / 2 | 1,588 | $508,000 |
| Avg | 2 / 2 | 1,396 | $439,600 |
| Median | 2 / 2 | 1,550 | $475,250 |
We can see from this report that the average sales price for a unit sold in Regency Tower over the last 6 months has been $439,600 – this being for a 2 bedroom 2 bathroom 1396 square foot unit
We can see from this report that the median sales price for a unit sold in Regency Tower over the last 6 months has been $475,250 – this being for a 2 bedroom 2 bathroom 1550 square foot unit!
In our last post the median sales price for a unit sold in Regency Tower over the the preceding 6 months was $368,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Regency Tower Galt Ocean Mile condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $286.00 |
| Max | $309.00 |
| Avg | $297.00 |
| Median | $297.00 |
We can see from this report that BOTH the average and median sales price to square foot price paid for a Regency Tower condo sold over the last 6 months has been $297.00 – this is down from $318.00 per square foot as in our last post!
We can also see that the highest sales price to square foot price paid was $309.00 per square foot!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Regency Tower Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
| SP$/LP$ | |
| Min | 93% |
| Max | 98% |
| Avg | 95% |
| Median | 95% |
We can see from this report that the median sales price to list price for Fort Lauderdale condos sold here in Regency Tower over the last 6 months has been 95% – down from 96% as in our last post and 97% as in our prior post!
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 $475,000.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Regency Tower is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex..
Here is the market analysis report for Days on Market based on all condo sales over the last 6 months as recorded in the MLS.
| DOM | |
| Min | 7 |
| Max | 220 |
| Avg | 84 |
| Median | 53 |
We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower has been 53 days – this is up from just 30 days or just 1 month as in our last post!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed
Regency Tower
Condo Sales Itemized
Here is the data for each of the Regency Tower condos sold over the last 6 months
| BEDS / BATHS | LA | SP$ | |
| Unit 1807 | 2 / 2 | – | $508,000 |
| Unit 907 | 2 / 2 | 1,550 | $479,000 |
| Unit 1805 | 2 / 2 | 1,588 | $471,500 |
| Unit 308 | 1 / 1 | 1,050 | $299,900 |
We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for Unit 1807 a 2 bedroom 2 bathroom condo which sold for $508,000
Unit 1807 sold for 98% of its list price and had just 7 days on market or just 1 week!
My Thoughts / Summary
Regency Tower Galt Ocean Mile condo are condo units set right on the beach here in Galt Mile Fort Lauderdale.
Sales are on the up which is great – and it is exciting to see 5 units pending sale with 4 sales over the last 6 months!
Season is here too which means buyer activity is also on the up!
This Galt Ocean Mile complex offers spacious units with great views and the building is set right on the oceanfront / beachfront.
I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Regency Tower – Kevin Wirth – Realtor