Ocean views Fort Lauderdale condo for sale in Regency Tower South

Regency Tower South Condos

Regency Tower South
Fort Lauderdale

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

Currently there are 9 condos for sale here in Regency Tower South Fort Lauderdale  – 2 of which are new listings!

2 unit are under contract and pending sale and 7 condo units have been sold 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 over the last 6 months!

We also compare recent sales in Regency Tower South to 2014 sales. Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers
  • Prices from $268,900 – $749,500

Median Prices

  • Median List Price $319,500
     – for a 1 bedroom unit
  • Median Sales Price last 6 Months $286,000
  • Median Sales to List Price 94%
  • Days on Market 110 Days
Views Regency Tower South condo for sale in Fort Lauderdale
Views Regency Tower South condo for sale 

Regency Tower South
Condos for Sale

The market analysis report for the Galt Ocean Mile condos currently for sale is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 2 2,323 $749,500
Low 1 / 1 1,187 $268,900
Avg 2 / 2 1,687 $394,842
Med 2 / 2 1,787 $319,500

 

We can see from this report that the median price for a Fort Lauderdale condo for sale in Regency Tower South is $319,500 – the same as in our last report.

In our last report for April / May 2015 the median price for a condo for sale in Regency Tower South was the same at $319,500

Regency Tower South
Prices by Bedroom

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

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,187 $310,000 $249
2 / 2 1,787 $450,000 $252
3 / 2 2,323 $749,500 $323

 

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

  • 1 bedroom units is $310,000this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $249.00
  • 2 bedroom units is $450,000 – this being for a 2 bedroom 2 bathroom unit of 1787 square feet with a list price to square foot price of $252.00
  • 3 bedroom units is $749,500 – this being for a 3 bedroom 2 bathroom unit of 2323 square feet with a list price to square foot price of $323.00

Regency Tower South
New Listings

There has been 2 new listings of condos for sale here in Regency Tower South Fort Lauderdale over the last 30 days 

The market analysis report for these units is presented below

 Condo Beds/Baths List Price LP$/SqFt
Unit1504 1 / 1 $319,500 $269
Unit 409 1 / 1 $313,900 $264
Median 1 / 1 $316,700 $267

 

We can see from this report that the median price for a new listing is $316,700this being for a 1 bedroom 1 bathroom unit with a list price to square foot price of $267.00

Notes on these condos
  • Regency Tower South Condo Unit 1504 offered for sale for $319,500 – with a list price to square foot price of $269.00This unit is a fabulous south side condo with wonderful views of beach and city.  The great  kitchen has a unique island that will delight a gourmet cook.The condo also features: a full size washer & dryer and wide plank hardwood floors. 
  • Regency Tower South Condo Unit 409 offered for sale for $313,900 – with a list price to square foot price of $264.00This is a great unit all updated with the finest finishes.The unit is currently rented at $1750.00 until February 2016.  Renter can be relocated if necessary.

Ocean Views from Regency Tower South

Regency Tower South
Pending Sales

There is currently 2 condos under contract and pending sale here in Regency Tower South

The market analysis report for these units is presented below.

Condo  Beds/Baths List Price LP$/SqFt
Unit1502 2 / 2 $499,000 $0
Unit2003 1 / 1 $250,000 $211

 

We can see from this report:

  • Unit 1502 a 2 bedroom 2 bathroom unit listed for $499,000 is now pending sale.
    This condo is a spacious ocean front condo with beautiful ocean view.The unit features ceramic tile throughout, open kitchen, washer/dryer in unit, impact windows, an open balcony and a covered garage parking spaceThis unit is pending sale with just 15 days on market
  • Unit 2003 a 1 bedroom 1 bathroom unit listed for $250,000 is now pending sale.
    This condo is a bank owned foreclosure and is being sold As-Is.The unit is an ocean view penthouse at Regency Towers South and is ready for remodeling  / updating.This unit is pending sale with just 30 days on market

 

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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Search Galt Ocean Mile Condos for Sale
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Regency Tower South
Sales Last 6 Months

There have been 7 x Galt Ocean Mile condos sold in the Regency Tower South condominium over the last 6 months.

The market analysis report for these condo sales is presented below

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 2,323 $540,000
Low 1 / 1 1,187 $247,000
Avg 2 / 2 1,618 $326,333
Med 1 / 1 1,481 $286,000

 

We can see from this report that the median sales price over the last 6 months has been $286,000 – this being for a 1 bedroom 1 bathroom unit.

In our last post for April / May the median sales price over the preceding 6 months had been $273,500 – this being for a 1 bedroom 1 bathroom unit.

View of Regency Tower South 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
High $246
Low $211
Avg $230
Med $232

 

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 $232.00 per square foot – up from $224.00 in our last post.

Important to note is the highest price paid at $246.00

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Fort Lauderdale Condos for sale here in Regency Tower South – 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$/LP$
Avg 79%
Med 94%

 

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Regency Tower South  has been 94%

This means if a Fort Lauderdale condo for sale here in Regency Tower South is listed at $300,000 – then based on median sales data the condo would sell for 94% of that amount or $282,000 – based on MLS data!

Days on Market

Days on market for Condos for Sale in Regency Tower South is an 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.

 $$ Days on Market
Avg 252
Med 110

 

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower South is 252 days

More importantly is the median days on market at just 110 days

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

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

We have a strong inventory of condos for sale here in Regency Tower South – giving buyers a good choice of units and range of prices.

The last 6 months has seen a climb in square foot prices 

From $218.00 per square foot for all of 2014 to $224.00 early in the year to $232.00 in this post – this rise in encouraging!

Square foot sales prices for all 2014 sales are presented below.

 $$ SP$/SqFt
Avg $223
Med $218

 

These increase are likely to continue especially as when we look at median list prices from $249.00 to $252.00.

I like Regency Tower South and personally think if your looking for a direct oceanfront condo then you should add this complex to your short list – especially if your looking at 1 and 2 bedroom units!

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

Kevin Wirth – Realtor