View Regency Tower Galt Ocean Mile condo for sale - 3850 Galt Ocean Dr, Fort Lauderdale, FL 33308

Regency Tower Condos

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
View Regency Tower condominium here on Galt Ocean Mile
View Regency Tower condominium here on Galt Ocean Mile

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! 

Beach views Galt Ocean Mile condo for sale Regency Tower Fort Lauderdale
Beach views Galt Ocean Mile condo for sale Regency Tower 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 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!


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

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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 $308,750this 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!

View from Regency Tower Galt Ocean Mile condo recently sold - Unit 1911
View from 3 Bedroom Regency Tower condo recently sold – Unit 1911

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!

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.

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