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

Regency Tower Condos

Regency Tower
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our March 2020 / April 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 7 x Regency Tower condos for sale

There have been 6 sales in the complex 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 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 $263,000 – $885,000

Sales Prices

  • Sales Prices from $340,000 – $508,000
  • Median Sales Price $457,750
    – 2 Bedroom 2 Bathroom Unit
  • Median Sales Price to Sq Ft Price $297.00
  • Median Sales to List Price 97%
  • Median Days on Market 111 Days
View Regency Tower condominium Galt Ocean Mile 3850 Galt Ocean Drive Fort Lauderdale
View Regency Tower condominium Galt Ocean Mile 3850 Galt Ocean Drive Fort Lauderdale

Regency Tower
Condos for Sale

There are currently 7 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale

This is up from the 5 x Regency Tower condos for sale as in our last post for January 2020 / February 2020!

The market analysis report for these 7 x Galt Ocean Mile condos for sale in Regency Tower is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,050 $263,000
Max 3 / 2 2,150 $885,000
Avg 2 / 2 1,348 $452,271
Median 2 / 2 1,050 $399,000

We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $263,000 to $885,000.

We can also see that the average price for a Regency Tower condo currently for sale is $452,271 – this being for a 2 bedroom 2 bathroom unit of 1348 square feet

We can also see that the median price for a Regency Tower condo currently for sale is $399,000this being for a 2 bedroom 2 bathroom unit of 1050 square feet 

In our last post the median price for a Regency Tower condo currently for sale was higher $434,900 – this being for a 2 bedroom 2 bathroom unit of 1050 square feet

It is also useful to look at median prices by bedroom which we do below 

Pool and Beach 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
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 $335,000 $319.00
2 / 2 1,500 $434,900 $315.00
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 $335,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $319.00 In our last post the median for 1 Bedroom Regency Tower condos for sale was lower at $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
  • 2 Bedroom Regency Tower condos for sale is $434,900 – this being for a 2 bedroom 2 bathroom 1500 square foot unit with a list price to square foot price of $315.00 In our last post the median for 2 Bedroom Regency Tower condos for sale was higher at $474,950 – this being for a 2 bedroom 2 bathroom 1319 square foot unit with a list price to square foot price of $369.00
  • 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 the same at $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
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 409
Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive  just listed for sale Unit 409

Regency Tower
New Listings

There has been 1 new listing of a Regency Tower Galt Ocean Mile condo for sale here in Fort Lauderdale over the last 30 days – there were no new listings in our last post!

Our market analysis report for this new listing is presented below:

BEDS / BATHS LA LP$
Unit 409 1 / 1 1,050 $349,000

We can see from this report that Unit 409 a 1 bedroom Regency Tower condo has just been listed for sale for $349,000this 1 bedroom 1 bathroom 1050 square foot unit has a list price to square foot price of $332.00

Unit 409 is a stylish condo with direct ocean views!

This Galt Ocean Mile condo for sale features: a bright kitchen that boasts newer appliances, slate flooring and sisal wall to wall flooring for the ultimate beach look!

The unit has hurricane impact windows and balcony door and a private balcony with direct ocean views and pool deck views.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
Galt Ocean Mile Specialist
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos for Sale

View Galt Ocean Mile New Listings

View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale pending sale - Unit 1707
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive pending sale – Unit 1707

Regency Tower
Pending Sales

There is currently just 1 unit pending sale here in Regency Tower – well down from our last post when there were 5 units pending sale!

Our market analysis report for this unit is presented below.

BEDS / BATHS LA LP$
Unit 1707 2 / 2 1,550 $435,000

We can see from this report that Regency Tower Galt Ocean Mile condo 1707 a 2 bedroom unit listed for sale for $435,000 is now pending salethis 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!

View Galt Ocean Mile condo recently sold Regency Tower 3850 Galt Ocean Drive Fort Lauderdale - Unit 1807
View Galt Ocean Mile condo recently sold Regency Tower 3850 Galt Ocean Drive – Unit 1807

Regency Tower
Condos Sales – Last 6 Months

There have been 6 sales of Regency Tower condos over the last 6 months – as recorded on the MLSthis is up from 4 sales over the preceding 6 months as in our last post!

Our market analysis report for these 6 recent Regency Tower sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,050 $340,000
Max 2 / 2 1,744 $508,000
Avg 2 / 2 1,486 $443,750
Median 2 / 2 1,550 $457,750

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 $443,750 – this being for a 2 bedroom 2 bathroom 1486 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 $457,750this 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 higher at $475,250 – this being for a 2 bedroom 2 bathroom 1550 square foot unit!

View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale recently sold Unit 1805
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive recently sold Unit 1805

Regency Tower
Sales Prices by Bedroom

Here is our market summary report showing median sales prices 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 $340,000 $324.00
2 / 2 1,569 $471,500 $288.00

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

  • 1 Bedroom Regency Tower condos sold over the last 6 months is $340,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a sales price to square foot price of $324.00
  • 2 Bedroom Regency Tower condos sold over the last 6 months is $471,500 – this being for a 2 bedroom 2 bathroom 1569 square foot unit with a sales price to square foot price of $288.00
  • There have been no 3 Bedroom Regency Tower condos sold over the last 6 month – this being based on MLS records

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 $255.00
Max $324.00
Avg $293.00
Median $297.00

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 $297.00 – this is the same as in our last post but down from $318.00 per square foot as in our prior post!

We can also see that the highest sales price to square foot price paid was $324.00 per square foot – which is up from $309.00 per square foot as in our last post!

% 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 94%
Max 100%
Avg 97%
Median 97%

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 97% – up from from 95% as in our last 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 97% of that amount or $485,000.

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 1
Max 220
Avg 105
Median 111

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower has been 111 – well up from 53 days in our last post 

Days on market is the time from when the condo was listed for sale till the condo sold AND closed

View Regency Tower Galt Ocean Mile condo recently sold 3850 Galt Ocean Drive Fort Lauderdale Unit 1805
View Regency Tower Galt Ocean Mile condo recently sold 3850 Galt Ocean Drive Unit 1805

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 1107 2 / 2 1,744 $444,000
Unit 310 2 / 2 1,500 $420,000
Unit 1008 1 / 1 1,050 $340,000

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!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower Galt Ocean Mile condo are condo units set right on the beach here in Galt Mile Fort Lauderdale.

We currently have a nice range of condos for sale – especially 2 bedroom units!

Sales have been sold over the last 6 months with 6 units sold and I unit now pending sale

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