View Galt Ocean Mile condo Regency Tower 3750 Galt Ocean Drive Fort Lauderdale

Regency Tower Condos

Regency Tower
Galt Ocean Mile Condos
2021 Pricing Guide

Welcome to our March 2021 / April 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 is just 1 x condo for sale here in Regency Tower Galt Ocean Mile, Fort Lauderdale

There have been 7 sales of condo units over the last 6 months and 3 units are 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
  • Priced at $620,000
    – for a 2 bedroom 2 bathroom unit

Median Prices

  • Median Sales Price $430,000
    – for a 2 bedroom 2 bathroom unit
  • Median Sales Price to Sq Ft Price $281.00
    Median Sales to List Price 95%
  • Days on Market 52 Days
View Galt Ocean Mile condominium Regency Tower 3750 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Regency Tower 3750 Galt Ocean Drive Fort Lauderdale

Regency Tower
Condos for Sale

There is currently just 1 x Regency Tower Galt Ocean Mile condo for sale here in Fort Lauderdale – a 2 bedroom unit!

The number of condos for sale is well down from the 8 units for sale as in our last post for December 2020 / January 2021

Our market analysis report for this 1 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Unit 1510 2 / 2 1,500 $620,000

We can see from this report that Unit 1510 a 2 bedroom Regency Tower condo is currently for sale for $620,000this 2 bedroom 2 bathroom 1500 square foot unit has a list price to square foot price of $412.00

Unit 1510 is an oceanview condo that has been totally remodeled!

This Galt Ocean Mile condo features: an open kitchen, granite counters, stainless appliances and a washer / dryer in unit.

The unit has lots of closet and storage space, covered parking and impact windows throughout.

Beach views Galt Ocean Mile condominium Regency Tower 3750 Galt Ocean Drive Fort Lauderdale
Beach views Galt Ocean Mile condominium Regency Tower 3750 Galt Ocean Dr Ft 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
2 / 2 1,500 $620,000 $413.00

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

  • There are currently no 1 bedroom Regency Tower condos for sale In our last post the median list price for 1 bedroom condos for sale was $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
  • 2 bedroom Regency Tower condos for sale is $620,000 – this being for a 2 bedroom 2 bathroom unit of 1500 square feet with a list price to square foot price of $413.00 – In our last post the median price for 2 bedroom condos for sale was lower at $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
  • There are currently no 3 bedroom Regency Tower condos for sale  In our last post the median price was $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

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 3750 Galt Ocean Drive Fort Lauderdale pending sale Unit 211
View Galt Ocean Mile condo Regency Tower 3750 Galt Ocean Drive pending sale Unit 211

Regency Tower
New Listings

There have been no 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 2 new listings over the preceding 30 days, Unit 411 a 3 bedroom 2 bathroom condo and Unit 504 a 1 bedroom 1 bathroom condo!

Regency Tower
Pending Sales

There are currently 3 x Regency Tower Galt Ocean Mile condos pending sale – In our last post there was just 1 condo pending sale – Unit 1711 a 3 bedroom 2 bathroom unit.

Our market analysis report for these 3 units is presented below:

BEDS / BATHS LA LP$
Unit 211 3 / 2 2,080 $799,000
Unit 610 2 / 2 1,787 $459,000
Unit 1704 1 / 1 980 $329,000

We can see from this report that:

Unit 211 a 3 bedroom Galt Ocean Mile condo listed for sale in Regency Tower for $799,000 is now pending sale – this 3 bedroom 2 bathroom 2080 square foot unit with a list price to square foot price of $384.00

Unit 211 is a direct ocean North-East corner condo that has been beautifully renovated!

This Galt Ocean Mile condo for sale features: marble floors, granite countertops, Stainless Steel appliances, crown molding and impact windows. The expansive master suite has dual walk-in closets and a jacuzzi tub.

Unit 610 a 2 bedroom Galt Ocean Mile condo listed for sale in Regency Tower for $459,000 is now pending sale – this 2 bedroom 2 bathroom 1787 square foot unit with a list price to square foot price of $257.00

Unit 610 is well maintained unit with beautiful views of the ocean and pool area!

This Galt Ocean Mile condo for sale features: a large master suit, in unit washer/dryer, large living spaces and impact windows. 

Unit 1704 a 1 bedroom Galt Ocean Mile condo listed for sale in Regency Tower for $329,000 is now pending sale – this 1 bedroom 1 bathroom 980 square foot unit with a list price to square foot price of $336.00

Unit 1704 is a large, South facing condo with ocean views!

This Galt Ocean Mile condo for sale has beach views from both the bedroom and living area.

View Galt Ocean Mile condo Regency Tower 3750 Galt Ocean Drive Fort Lauderdale recently sold Unit 611
View Galt Ocean Mile condo Regency Tower 3750 Galt Ocean Drive recently sold Unit 611

Regency Tower Sales
Last 6 Months

There have been 7 x Galt Ocean Mile condos sold here in Regency Tower over the last 6 months – up slightly from our last post!

There had been 6 units sold over the preceding 6 months as in our lastb post for December 2020 / January 2021.

Our market summary report for these 7 sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 980 $275,000
Max 3 / 2 2,080 $790,000
Avg 2 / 2 1,520 $466,714
Median 2 / 2 1,580 $430,000

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 $466,714 – this being for a 2 bedroom 2 bathroom unit!

In our last post the average sales price for a Regency Tower Galt Ocean Mile condo sold over the preceding 6 months was lower at $418,500 – this 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 $430,000 – this also being for a 2 bedroom 2 bathroom unit!

In our last post the median sales price over the preceding 6 months was also lower at $418,750 – this also being for a 2 bedroom 2 bathroom unit!

View Galt Ocean Mile condominium Regency Tower Galt Ocean Mile Fort Lauderdale
View Galt Ocean Mile condominium Regency Tower Galt Ocean Mile Fort Lauderdale

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 / 1 980 $276,000 $281.00
2 / 2 1,620 $460,000 $275.00
3 / 2 2,080 $790,000 $380.00

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 $276,000 – this being for a 1 bedroom 1 bathroom unit of 980 square feet with a sales price to square foot price of $281.00

2 Bedroom Regency Towers condos sold over the last 6 months has been $460,000 – this being for a 2 bedroom 2 bathroom unit of 1620 square feet with a sales price to square foot price of $275.00

3 Bedroom Regency Towers condos sold over the last 6 months has been $790,000 – this being for a 2 bedroom 2 bathroom unit of 2080 square feet with a sales price to square foot price of $380.00

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 $263.00
Max $380.00
Avg $314.00
Median $281.00

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 $281.00 per square foot – down from $296.00 per square foot as in our last post!

It is also important to note the highest price paid over the last 6 months at $380.00 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 90%
Max 100%
Avg 95%
Median 95%

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 95% – the same 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 95% of that amount or $475,000 – 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 5
Max 113
Avg 54
Median 52

We can see from this report that the median days on market at 52 days or just under 2 months – down from 124 days or just over 4 months 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 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 611 3 / 2 2,080 $790,000
Unit 410 2 / 2 1,580 $590,000
Unit 1505 2 / 2 1,780 $490,000
Unit 907 2 / 2 1,660 $430,000
Unit 1210 2 / 2 1,580 $415,000
Unit 1703 1 / 1 980 $277,000
Unit 2008 1 / 1 980 $275,000

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 611 as 3 bedroom Regency Tower condo – this 3 bedroom 2 bathroom 2080 square foot unit had a sales price to square foot price of $380.00

Unit 611 sold for 95% of its list price and had just 73 days on market – or just over 10 weeks.

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 real shortage on of condos for sale – with just 1 unit for sale.

I am pleased to report that sales have continued to remain strong in this low inventory market over the last 6 months with 7 units sold and 3 units now 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