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 May 2020 / June 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 – 1 of which is a new listing!

There have been 3 sales in the complex over the last 6 months (all 2 bedroom units) 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 $249,850 – $635,000

Sales Prices

  • Sales Prices from $420,000 – $479,000
  • Median Sales Price $444,000
    – 2 Bedroom 2 Bathroom Unit
  • Median Sales Price to Sq Ft Price $280.00
  • Median Sales to List Price 96%
  • Median Days on Market 81 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 7 x Regency Tower Galt Ocean Mile condos for sale here in Fort Lauderdale

This is the same number (7) of Regency Tower condos for sale as in our last post for March 2020 / April 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 $249,850
Max 2 / 2 1,600 $635,000
Avg 2 / 2 1,270 $413,250
Median 2 / 2 1,050 $389,000

We can see from this report that prices for Galt Ocean Mile condos for sale in Regency Tower range from $249,850 to $635,000.

We can also see that the average price for a Regency Tower condo currently for sale is $413,250 – this being for a 2 bedroom 2 bathroom unit of 1270 square feet

We can also see that the median price for a Regency Tower condo currently for sale is $389,000this being for a 2 bedroom 2 bathroom unit of 1050 square feet – the median is down from our last 2 posts!

In our last post the median price for a Regency Tower condo currently for sale was higher at $399,000 – this being for a 2 bedroom 2 bathroom unit of 1050 square feet 

In our prior post the median price for a Regency Tower condo currently for sale was higher at $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 1,544 $467,450 $356.00

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 the same at $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
  • 2 Bedroom Regency Tower condos for sale is $467,450 – this being for a 2 bedroom 2 bathroom 1544 square foot unit with a list price to square foot price of $356.00 In our last post the median for 2 Bedroom Regency Tower condos for sale was lower at $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
  • There are curretnyl no 3 Bedroom Regency Tower condos for sale In our last post the median for 3 Bedroom Regency Tower condos for sale was $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 1502
Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive just listed for sale Unit 1502

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 was also 1 new listing in our last post – this being for unit 409 a 1 bedroom 1 bathroom condo.

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

BEDS / BATHS LA LP$
Unit 1502 2 / 2 1,600 $635,000

We can see from this report that Unit 1502 a 2 bedroom Regency Tower condo has just been listed for sale for $635,000this 2 bedroom 2 bathroom 1600 square foot unit has a list price to square foot price of $397.00

Unit 1502 offers stunning South-East ocean views that will capture your heart and fantastic city views to the West!

This Galt Ocean Mile condo for sale is remodeled and features: an open kitchen letting you enjoy the view of the city and ocean during breakfast or dinner. The condo has all hard wood floors through-out the living room, dining room, hall ways and bedroom.

The unit has a large master bedroom and beautifully remodeled bathrooms and a washer and dryer. 


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 – this unit was also pending sale as in our last post for March 2020 / April 2020!

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 Regency Tower 3850 Galt Ocean Drive Fort Lauderdale recently sold Unit 310
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive recently sold Unit 310

Regency Tower
Condos Sales – Last 6 Months

There have been 3 sales of Regency Tower condos over the last 6 months – all 2 bedroom units!

It is important to note that the number of units sold is well down from the 6 sales over the preceding 6 months as in our last post!

Our market analysis report for these 3 recent Regency Tower sales is presented below:

BEDS / BATHS LA SP$
Min 2 / 2 1,500 $420,000
Max 2 / 2 1,744 $479,000
Avg 2 / 2 1,598 $447,667
Median 2 / 2 1,550 $444,000

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 $447,667 – this being for a 2 bedroom 2 bathroom 1598 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 $444,667 – this being for a 2 bedroom 2 bathroom 1550 square foot unit!

It is important to note that the median sales price for Regency Tower condos is down from our last 2 posts!

In our last post the median sales price for a unit sold in Regency Tower over the the preceding 6 months was higher at $457,750 – this being for a 2 bedroom 2 bathroom 1550 square foot unit!

In our prior 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!

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 $309.00
Avg $281.00
Median $280.00

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 $280.00 – this is down from $297.00 per square foot as in our prior post!

We can also see that the highest sales price to square foot price paid was $309.00 per square foot – which is down from $324.00 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 96%

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 96% – down from 97% 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 96% of that amount or $480,000.

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 142
Avg 74
Median 81

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower has been 81 – well down from 111 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

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 907 2 / 2 1,550 $479,000
Unit 1107 2 / 2 1,744 $444,000
Unit 310 2 / 2 1,500 $420,000

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 907 a 2 bedroom 2 bathroom condo which sold for $479,000

Unit 907 sold for 94% of its list price and had 81 days on market or just under 3 months!

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

Sales have slowed down over the last 6 months with 3 units sold and 1 unit now pending sale.

Buyer activity has also slowed right down due to the Covid 19 virus!

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