Regency Tower
Galt Ocean Mile Condos
Welcome to our December 2017 / January 2018 post on Regency Tower Galt Ocean Mile condos for sale Fort Lauderdale.
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
Currently there are 2 x Regency Tower condos for sale and there have been 4 sales over the last 6 months!
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 RegencyTower – 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
- Prices from $370,000 – $779,000
Median Sales Prices
- Sales Price last 6 Months $308,750
– 1 Bedroom 1 Bathroom Unit - Sales Price to Sq Ft Price $287.00
- Sales to List Price 92%
- Days on Market 108 Days
Regency Tower
Condos for Sale
There are just 2 x Galt Ocean Mile condos for sale here in Regency Tower – This is well down from 4 condos for sale as in our last post for Regency Tower for October / November 2017.
The market analysis report for these 2 x Galt Ocean Mile condos currently for sale in Regency Tower is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 1050 | $370,000 |
| Max | 2 / 2 | 1650 | $779,000 |
| Median | 1 / 1 | 1350 | $574,500 |
We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower is $574,500 – the median price is based on a 1 bedroom 1 bathroom unit of 1350 square feet with a list price to square foot price of $412.00
Because we have just 2 condos for sale – it is useful to look to look at list prices by bedroom – which we do below!
Regency Tower
Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower Galt Ocean Mile condos for sale by bedroom
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1050 | $370,000 | $352.00 |
| 2 / 2 | 1650 | $779,000 | $472.00 |
We can see from this report that the median price for:
- 1 Bedroom Regency Tower condos for sale is $370,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $352.00. In our last post the median for 1 Bedroom Regency Tower condos for sale was lower at $324,500 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a list price to square foot price of $309.00.
- 2 Bedroom Regency Tower condos for sale is $779,000 – this being for a 2 bedroom 2 bathroom 1650 square foot unit with a list price to square foot price of $472.00 – In our last post the median for 2 Bedroom Regency Tower condos for sale was lower at $719,500 – this being for a 2 bedroom 2 bathroom 1650 square foot unit with a list price to square foot price of $436.00
Regency Tower
New Listings
There has been no new listings of Regency Tower Galt Ocean condos for sale here in Fort Lauderdale over the last 30 days
This is the same number of new listings 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 is currently no units pending sale here in Regency Tower.
In our last post there was 1 condo pending sale Unit 1408 – a 1 bedroom 1 bathroom 1100 square foot unit has a list price to square foot price of $317.00
Unit 1408 features: a designer open kitchen and offers superior views of ocean and city from its balcony!
Regency Tower
Condos Sales – Last 6 Months
There have been 4 x Fort Lauderdale oceanfront condos sold here in Regency Tower condominium over the last 6 months
This is up from 3 units sold over the preceding 6 months as per our last 2 posts – the post for October / November 2017 and the post for August / September 2017!
The market analysis report for these condo sales is presented below
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1050 | $255,000 |
| Max | 3 / 2 | 2150 | $782,000 |
| Median | 1 / 1 | 1075 | $308,750 |
We can see from this report that the median price paid for a Regency Tower condo over the the last 6 months has been $308,750 – this being for a 1 bedroom 1 bathroom unit of 1075 square feet
In our last post for October / November 2017 the median price paid for a Regency Tower condo over the the last 6 months was $455,000 – this being for a 2 bedroom 2 bathroom unit of 1550 square feet!
Regency Tower
Sales Prices by Bedroom
Here is our market summary report showing median prices for Regency Tower condos sold over the last 6 months by bedroom
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 / 1 | 1050 | $275,000 | $262.00 |
| 3 / 2 | 2150 | $782,000 | $364.00 |
We can see from this report that the median sales price for:
- 1 Bedroom Regency Tower condos sold has been $275,000 – this being for a 1 bedroom 1 bathroom 1050 square foot unit with a sales price to square foot price of $262.00.
- 3 Bedroom Regency Tower condos sold has been $782,000 – this being for a 3 bedroom 2 bathroom 2150 square foot unit with a list price to square foot price of $364.00
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Regency Tower Galt Ocean Mile condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $243.00 |
| Max | $364.00 |
| Avg | $295.00 |
| Median | $287.00 |
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 $287.00 per square foot – this is down from $294.00 in our last 3 posts!
We can also see that the highest sales price to square foot price paid was $364.00 per square foot!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Regency Tower Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
| SP$/LP$ | |
| Min | 92% |
| Max | 98% |
| Avg | 94% |
| Median | 92% |
We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Regency Tower has been 92% – this down from 94% our last post!
This means if a Fort Lauderdale condo for sale here in Regency Tower is listed at $450,000 – then based on median sales data the condo could be expected to sell for 92% of that amount or $414,000.
Days on Market
Days on market for Galt Ocean Mile Condos for Sale in Regency Tower is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex..
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 26 |
| Max | 220 |
| Avg | 115 |
| Median | 108 |
We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in Regency Tower is 108 days.
Note: This is over double the 50 days on market as in our last post!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed
Regency Tower
Condo Sales Itemized
Here is the data for each of the condos sold over the last 6 months here in Regency Tower
| CONDO | BEDS / BATHS | LA | SP$ |
| Unit 1911 | 3 / 2 | 2150 | $782,000 |
| Unit 1408 | 1 / 1 | 1100 | $342,500 |
| Unit 808 | 1 / 1 | 1050 | $275,000 |
| Unit 708 | 1 / 1 | 1050 | $255,000 |
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 1911 a 3 bedroom 2 bathroom condo which sold for $782,000
Unit 1911 sold for 92% of its list price and had 101 days on market!
My Thoughts / Summary
Regency Tower Galt Ocean Mile condo are condo units set right on the beach here in Galt Mile Fort Lauderdale.
Currently we have a very low inventory of condos for sale here in Regency Tower – with just 2 units for sale in the complex.
Sales have picked up over the last 6 months – with 4 units sold!
This Galt Ocean Mile complex offers spacious units with great views and the building is set right on the oceanfront / beachfront.
So if your looking at Fort Lauderdale oceanfront condos for sale – I strongly recommend looking at Regency Tower Galt Ocean Mile!
I hope you have enjoyed my post on Fort Lauderdale condos for sale here in Regency Tower – Kevin Wirth – Realtor