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 Pricing Guide

Welcome to our September 2020 / October 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 condos for sale here in Regency Tower Galt Ocean Mile, Fort Lauderdale.

There have been 7 sales of condo units over the last 12 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 & 12 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 $349,000 – $750,000

Median Prices

  • Median List Price $389,000
    for a 2 bedroom 2 bathroom unit
  • Median Sales Price $444,000
    – for a 2 bedroom 2 bathroom unit
  • Median Sales Price to Sq Ft Price $288.00
    Median Sales to List Price 97%
  • Days on Market 142 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 – a mix of 1, 2 & 3 bedroom units!

The number of condos for sale is down from the 9 units for sale as in our last post for July 2020 / August 2020

Our market analysis report for these 7 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 980 $349,000
Max 3 / 2 2,080 $750,000
Avg 2 / 2 1,409 $485,843
Median 2 / 2 1,500 $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 $485,843 – this being for a 2 bedroom 2 bathroom unit!

In our last post for May 2020 / June 2020 the average price for an Galt Ocean Mile direct oceanfront condo for sale in Regency Tower was higher at $550,878 – 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 much higher at $520,000 – 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 $359,900 $350.00
2 / 2 1,600 $590,000 $369.00
3 / 2 2,080 $750,000 $361.00

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

  • 1 bedroom Regency Tower condos for sale is $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 In our last post the median list price for 1 bedroom condos for sale was lower at $349,000 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a list price to square foot price of $332.00
  • 2 bedroom Regency Tower condos for sale is $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 – In our last post the median price for 2 bedroom condos for sale was lower at $557,500 – this being for a 2 bedroom 2 bathroom unit of 1594 square feet with a list price to square foot price of $357.00
  • 3 bedroom Regency Tower condos for sale is $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 –  In the last post there were no 3 bedroom units for sale – However in the last post when there were 3 bedroom units for sale the median price was higher at $852,500 – this being for a 3 bedroom 2 bathroom unit of 2132 square feet with a list price to square foot price of $399.00

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 pending sale Unit 505
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive pending sale Unit 505

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 listing over the preceding 30 days – both 2 bedroom condos – this being Unit 802 & Unit 505!

Regency Tower
Pending Sales

There are currently 3 x Regency Tower Galt Ocean Mile condos pending sale – In our last post there were also 3 condos pending sale – this being Unit 1707 and Unit 501 both 2 bedroom condos and Unit 1804 a 1 bedroom Unit. 

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

BEDS / BATHS LA LP$
Unit 505 2 / 2 1,580 $495,000
Unit 1707 2 / 2 1,550 $435,000
Unit 1401 1 / 1 1,050 $335,000

We can see from this report that:

Unit 505 a 2 bedroom Galt Ocean Mile condo listed for sale in Regency Tower for $495,000 is now pending sale – this 2 bedroom 2 bathroom 1580 square foot unit with a list price to square foot price of $313.00

Unit 505 is a corner unit and offers amazing city and ocean views from its wraparound balcony!

This Galt Ocean Mile condo for sale features: Impact windows, Ceramic tile throughout, a Washer & Dryer and great natural lighting!

Unit 1707 a 2 bedroom Galt Ocean Mile condo listed for sale in Regency Tower for $435,000 is now pending sale – this 2 bedroom 2 bathroom 1550 square foot unit with a list price to square foot price of $281.00

Unit 1707 is a corner unit / wrap around balcony which offers amazing city and ocean views!

This Galt Ocean Mile condo for sale features: Impact windows, ceramic tile throughout and a washer and dryer!

Unit 1401 a 1 bedroom Galt Ocean Mile condo listed for sale in Regency Tower for $335,000 is now pending sale – this 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $319.00

Unit 1401 offers beautiful ocean and Intracoastal views and is in excellent condition – ready to move in too!

This Galt Ocean Mile condo for sale features: Ceramic tile throughout, an open kitchen with Corian counter tops, bathrooms with updated vanities, sinks and comfort height toilets.   The unit has a huge bedroom with ample closet space throughout. There is a Washer/Dryer hookup! 

View Galt Ocean Mile condo Regency Tower Galt Ocean Drive Fort Lauderdale recently sold Unit 1804
View Galt Ocean Mile condo Regency Tower Galt Ocean Drive recently sold Unit 1804

Regency Tower Sales
Last 6 Months

There have been just 1 x Galt Ocean Mile condo sold here in Regency Tower over the last 6 months

Our market summary report for this recent sale is presented below:

BEDS / BATHS LA SP$
Unit 1804 1 / 1 1,050 $251,000

We can see from this report that Unit 1804 a 1 bedroom Regency Tower condo sold for $251,000 – this 1 bedroom 1 bathroom 1050 square foot unit had a sales price to square foot price of $239.00

Unit 1804 is a bright and spacious South-facing Galt Ocean Mile ocean view condo with delightful 90 degree ocean views from the unit and its balcony!   The unit has impact windows.

Unit 1804 sold for 100% of list price and 188 days on market!

View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive Fort Lauderdale sold last 12 Months
View Galt Ocean Mile condo Regency Tower 3850 Galt Ocean Drive sold last 12 Months

Regency Tower Sales
Last 12 Months

There have been 7 x Galt Ocean Mile condos sold here in Regency Tower over the last 12 months – a mix of 1 & 2 bedroom units.

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

BEDS / BATHS LA SP$
Min 1 / 1 1,050 $251,000
Max 2 / 2 1,744 $508,000
Avg 2 / 2 1,414 $416,214
Median 2 / 2 1,525 $444,000

We can see from this report that the average sales price for a Regency Tower Galt Ocean Mile condo sold over the last 12 months has been $416,214 – 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 12 months has been $444,000 – this also being for a 2 bedroom 2 bathroom unit!

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 12 months.

SP$/SqFt
Min $239.00
Max $324.00
Avg $284.00
Median $288.00

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 12 months has been $288.00 per square foot

It is also important to note the highest price paid over the last 6 months at $324.00 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 94%
Max 100%
Avg 97%
Median 97%

We can see that the median sales price to list price for a condo here in Regency Tower over the last 12 months has been 97% 

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 – 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 12 months.

DOM
Min 1
Max 220
Avg 117
Median 142

We can see from this report that the median days on market at 142 days or just under 5 months!

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

Regency Tower Sales
Median Prices by Bedroom

Here is our summary market report for Regency Tower Galt Ocean Mile condos sold over the last 12 months – by bedroom!

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,050 $295,500 $281.00
2 / 2 1,569 $471,500 $288.00

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

1 Bedroom Regency Towers condos sold over the last 12 months has been $295,500 – this being for a 1 bedroom 1 bathroom unit of 1050 square feet with a sales price to square foot price of $281.00

2 Bedroom Regency Towers condos sold over the last 12 months has been $471,500 – this being for a 2 bedroom 2 bathroom unit of 1569 square feet with a sales price to square foot price of $288.00

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 7 units for sale!

The last 6 months have been slow with just 1 unit sold – this in my mind is a direct result of the Corona-Virus!

I am very pleased to report that buyer activity is on the rise and that we now have 3 units pending sale.

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