Views from a Fort Lauderdale condo for sale here 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 

1 unit is under contract and pending sale and 6 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 $269,000 – $495,000

Median Prices

  • Median List Price $319,500
     – for a 1 bedroom unit
  • Median Sales Price last 6 Months $273,500
  • Median Sales to List Price 95%
  • Days on Market 118 Days
View condo for sale Regency Tower South
View condo for sale Regency Tower South

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 2 / 2 1,853 $495,000
Low 1 / 1 1,187 $269,900
Avg 1 / 1 1,548 $363,133
Med 1 / 1 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 – much the same as in our last report.

In our last report for February / March the median price for a condo for sale in Regency Tower South was $319,750.

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 $305,000 $257
2 / 2 1,820 $439,450 $246

 

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

  • 1 bedroom units is $305,000this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $257.00
  • 2 bedroom units is $439,450 – this being for a 2 bedroom 2 bathroom unit of 1820 square feet with a list price to square foot price of $246.00

Regency Tower South
New Listings

There has been no new listings of condos for sale here in Regency Tower South Fort Lauderdale over the last 30 days 

Ocean Views from Regency Tower South

Regency Tower South
Pending Sales

There is currently 1 condo under contract and pending sale here in Regency Tower South

The market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price Days on Market
2 / 2 N/A $299,900 34

 

We can see from this report:

  • Unit 110 a 2 bedroom 2 bathroom unit listed for $299,900 with is now pending sale.  Unit 110 is a large two bedroom condo that features impact windows, substantial closet space, and a washer/dryer hookup.   There is ample parking for residents and guests .

    This unit is pending sale with just 34 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
View Galt Ocean Mile New Listings

Regency Tower South
Sales Last 6 Months

There have been 6 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 1 / 1 1,471 $322,167
Med 1 / 1 1,187 $273,500

 

We can see from this report that the median sales price over the last 6 months has 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 $226
Med $224

 

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 $224.00 per square foot.

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 95%

 

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 95%

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 95% of that amount or $285,000 – 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 102
Med 118

 

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower South is 102 days

More importantly is the median days on market at just 118 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 recovery in square foot prices after some softening.

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

 $$ SP$/SqFt
Avg $223
Med $218

 

From a median of $218.00 per square foot for all of 2104 – the median for the last 6 months has risen to $224.00 – a small but important increase of $6.00 per square foot.

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