View Galt Ocean Mile condo for sale Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale

Regency Tower South Condos

Regency Tower South
Galt Ocean Mile Condos for Sale

Welcome to our July 2019 / August 2019 post on Regency Tower South Galt Ocean Mile Condos for Sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Regency Tower South offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

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Currently there are 6 x condos for sale here in Regency Tower South Fort Lauderdale – all 2 bedroom units!

There have been 4 sales of condo units over the last 6 months 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 over the last 6 months!

We also compare recent sales in Regency Tower South important information for both buyers and sellers!

Regency Tower South
Galt Ocean Mile – Key Statistics
Regency South Condominium complex in Fort Lauderdale, Florida
Address: 3750 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $459,000 – $795,000

Median Prices

  • Median List Price $584,900
    for a 2 bedroom 2 bathroom unit
  • Median Sales Price $520,000
    – for a 2 bedroom 2 bathroom unit
  • Median Sales Price to Sq Ft Price $270.00
    Median Sales to List Price 92%
  • Days on Market 161 Days
Regency Tower South condominium 3750 Galt Ocean Drive Fort Lauderdale
Galt Ocean Mile’s Regency Tower South condominium located at 3750 Galt Ocean Drive

Regency Tower South
Condos for Sale

There are currently 6 x Regency Tower South condos for sale Fort Lauderdale – all of these being 2 bedroom units!

The number of condos for sale is down from the 10 units for sale as in our last post for February 2019 / March 2019

Our market analysis report for these 6 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 2 1,787 $459,000
Max 2 / 2 1,853 $795,000
Avg 2 / 2 1,820 $624,617
Median 2 / 2 1,820 $584,900

We can see from this report that the average price for an Galt Ocean Mile direct oceanfront condo for sale here in Regency Tower South is $624,617 – 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 South is $584,900 – this being for a 2 bedroom 2 bathroom unit up from our last post!

In our last post the median price for a condo for sale here in Regency Tower South was lower at $579,000 – this also being for a 2 bedroom 2 bathroom unit

Pool view Galt Ocean Mile condominium Regency Tower South 3750 Galt Ocean Drive
Pool view Galt Ocean Mile condominium Regency Tower South 3750 Galt Ocean Drive

Regency Tower South
Prices by Bedroom

Here is the market summary report for Regency Tower South Galt Ocean Mile condos for sale – showing median prices by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,820 $584,900 $324.00

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

  • Currently there are no 1 bedroom Regency Tower South condos for sale is $344,450 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $290.00 However in our last post when 1 bedroom units were for sale the median list price for 1 bedroom condos for sale was $344,450 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $290.00
  • 2 bedroom Regency Tower South condos for sale is $584,900 – this being for a 2 bedroom 2 bathroom unit of 1820 square feet with a list price to square foot price of $324.00 – In our last post the median price for 2 bedroom condos for sale was higher at $599,450 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a list price to square foot price of $329.00
  • There are currently no 3 bedroom Regency Tower South condos for sale  In the last post when there were 3 bedroom units for sale the median price was $889,000 – this being for a 3 bedroom 2 bathroom unit of 2323 square feet with a list price to square foot price of $383.00

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 pending sale Regency Tower South 3750 Galt Ocean Drive Unit 1904
View Galt Ocean Mile condo pending sale Regency Tower South 3750 Galt Ocean Drive #1904

Regency Tower South
New Listings

There have been no new listing of a Galt Ocean Mile condo for sale here in Regency Tower South over the last 30 days.

Regency Tower South
Pending Sales

There is currently 1 condo pending sale here in Regency Tower South Galt Ocean Mile – In our last post there were 2 condos pending sale – Unit 505 a 2 bedroom unit and Unit 909 a 1 bedroom condo

Our market analysis report for the Regency Tower South condo pending sale is presented below.

BEDS / BATHS LA LP$
Unit 1904 1 / 1 1,187 $379,000

We can see from this report that:

Regency Tower South Unit 1904 a 1 Bedroom condo listed for sale for $379,000 is now pending sale – this 1 bedroom 1 bathroom 1187 square foot unit was offered for sale with a list price to square foot price of $319.00

This Galt Ocean Mile condo is a Beautifully remodeled South side oceanfront unit with top of the line upgrades! 

The unit was renovated with permits in 2017.

Unit 1904 features: white Quartz counters and Stainless Steel appliances in an open kitchen with breakfast bar! There is a washer and dryer installed in kitchen too! 

View 2 bedroom Galt Ocean Mile condo recently sold Regency Tower South 3750 Galt Ocean Drive Unit 505
View Galt Ocean Mile condo recently sold Regency Tower South 3750 Galt Ocean Drive #505

Regency Tower South
Sales Last 6 Months

There have been 4 x Galt Ocean Mile condos sold here in Regency Tower South over the last 6 months… 

This is well up from the 2 units sold over the preceding 6 months as in our last post for March 2019 / April 2019

Our market analysis report for these 4 recent sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 2 1,187 $290,000
Max 3 / 2 2,323 $615,000
Avg 2 / 2 1,788 $486,250
Median 2 / 2 1,820 $520,000

We can see from this report that the average sales price for a Galt Ocean Mile condo sold in Regency Tower South over the last 6 months has been $486,250 – 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 $520,000 – this also being for a 2 bedroom 2 bathroom unit!

Pool view Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale
Gorgeous pool views from Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Regency Tower South over the last 6 months.

SP$/SqFt
Min $244.00
Max $297.00
Avg $270.00
Median $270.00

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 $270.00 per square foot – this is up from $244.00 per square foot as in our last post!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Regency Tower South 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 91%
Max 96%
Avg 93%
Median 92%

We can see that median sales price to list price for a condo here in Regency Tower South over the last 6 months has been 92%!

It is very important to note that this is well down from 97%  as in our last 2 posts!

This means if a Fort Lauderdale condo for sale here in Regency Tower South 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 – based on MLS data!

Days on Market

Days on market for Regency Tower South 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 101
Max 228
Avg 163
Median 161

We can see from this report that the median days on market at 161 days or 23 weeks!

It is important to note that the days on market is well up from just 49 days or just 7 weeks 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 South
Condo Sales Itemized

Here is the data for each of the Regency Tower South Galt Ocean Mile condos sold over the last 6 months!

CONDO BEDS / BATHS LA SP$
Unit 410 2 / 2 1,787 $437,000
Unit 1708 1 / 1 1,187 $290,000

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 410 a 2 bedroom 2 bathroom condo which sold for $437,000 – This 2 bedroom 2 bathroom 1787 square foot unit had a sales price to square foot price of $245.00

Unit 410 had just 20 days on market and sold for 97% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower South Galt Ocean Mile condos are direct oceanfront units set in a great complex here on Galt Mile right on the Beach!

We currently have good range of 2 bedroom condos for sale with 6 x 2 bedroom units for sale.  

The last 6 months have seen some good sales with 4 units sold and 1 unit now pending sale!

We are well into our “Seasonal” sales cycle and given low interest rates and a strong stock market I am confident that we will see some more good sales data!

I hope you have enjoyed my post on Regency Tower South
Fort Lauderdale Condos for sale

Kevin Wirth – Realtor