Regency Tower South
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our July 2020 / August 2020 pricing guide for Regency Tower South Galt Ocean Mile condos for sale 3750 Galt Ocean Drive Fort Lauderdale Florida.
Fort Lauderdale condos for sale here in Regency Tower South offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.
Search Regency Tower South Condos
Currently there are just 3 x condos for sale here in Regency Tower South Fort Lauderdale – a mix of 1 & 2 bedroom units!
There have been 3 sales of condo units over the last 6 months and 3 units are pending sale – (both 2 bedroom condos)
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 $289,000 – $785,000
Median Prices
- Median List Price $762,000
– for a 2 bedroom 2 bathroom unit
- Median Sales Price $420,000
– for a 2 bedroom 2 bathroom unit - Median Sales Price to Sq Ft Price $253.00
Median Sales to List Price 96% - Days on Market 89 Days
Regency Tower South
Condos for Sale
There are currently just 3 x Regency Tower South Galt Ocean Mile condos for sale here in Fort Lauderdale
The number of Regency Tower South condos for sale is down our last post for May 2020 / June 2020
Our market analysis report for these 3 x Galt Ocean Mile condos for sale is presented below:
| BEDS | LA | LP$ | |
| Min | 1 / 1 | 1,187 | $289,000 |
| Max | 2 / 2 | 1,853 | $785,000 |
| Avg | 2 / 2 | 1,530 | $612,000 |
| Median | 2 / 2 | 1,550 | $762,000 |
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 $612,000 – 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 $762,000 – this being for a 2 bedroom 2 bathroom unit
In our last post the median price for a condo for sale here in Regency Tower South was lower at $512,500 – this being for a 2 bedroom 2 bathroom unit
Regency Tower South
Prices by Bedroom
Here is the market summary report for Regency Tower South Galt Ocean Mile condos for sale – showing median prices by bedroom.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1,187 | $289,000 | $243.00 |
| 2 / 2 | 1,701 | $773,500 | $459.00 |
We can see from this report that the median price for:
- 1 bedroom Regency Tower South condos for sale is $289,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $243.00 – In our last post the median list price for 1 bedroom condos for sale was higher at $298,500 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $251.00
- 2 bedroom Regency Tower South condos for sale is $773,500 – this being for a 2 bedroom 2 bathroom unit of 1701 square feet with a list price to square foot price of $459.00 – In our last post the median price for 2 bedroom condos for sale was much lower at $532,000 – this being for a 2 bedroom 2 bathroom unit of 1720 square feet with a list price to square foot price of $317.00
- 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 $383.00
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
kevinsellsmore@gmail.com
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Regency Tower South
New Listings
There have been no new listings of Galt Ocean Mile condos for sale here in Regency Tower South over the last 30 days
In our last post there was 1 new listing over the preceding 30 days – this being unit 1208 a 1 bedroom condo.
Regency Tower South
Pending Sales
There are currently 2 x Regency Tower South Galt Ocean Mile condos pending sale – In our last post there were no condos pending sale!
Our market analysis report for these units for sale is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 1610 | 2 / 2 | 1,580 | $539,000 |
| PH 2005 | 2 / 2 | 1,787 | $525,000 |
We can see from this report that:
Unit 1610 a 2 bedroom Regency Tower South condo listed for sale for $539,000 is now pending sale – this being a 2 bedroom 2 bathroom 1580 square foot unit with a list price to square foot price of $341.00
Unit 1610 offers captivating ocean and pool deck views. The owners beautifully renovated and maintained this entire Galt Ocean Mile condo.
The unit features: a huge spacious living room offers vistas of the ocean, a custom all white kitchen topped with black granite counter tops, newer appliances and an in-unit front loading washer and dryer.
Both bathrooms have been nicely renovated, there is a newer A/C unit and the condo has all hurricane impact windows and an impact balcony door.
Penthouse 2005 a 2 bedroom Regency Tower South condo listed for sale for $525,000 is now pending sale – this being a 2 bedroom 2 bathroom 1787 square foot unit with a list price to square foot price of $294.00
Penthouse 2005 is a magnificent beachfront condo with sweeping ocean and city views from all windows and the balcony.
This Galt Ocean Mile Penthouse features: higher ceilings than any other floor, a large living and dining room with lots of light, an updated kitchen with Granite and Stainless Steel appliances.
The condo has an extremely large master bedroom with walk in closet and a Master bath with a Jacuzzi tub. There are hurricane impact windows and a new hurricane impact glass balcony door as well as a washer/dryer in the unit.
Regency Tower South
Sales Last 6 Months
There have been 3 x Galt Ocean Mile condos sold here in Regency Tower South over the last 6 months – this is up from 2 sales as in our last post!
Our market analysis report for these 3 recent sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1,187 | $316,000 |
| Max | 2 / 2 | 1,853 | $425,000 |
| Avg | 2 / 2 | 1,567 | $387,000 |
| Median | 2 / 2 | 1,660 | $420,000 |
We can also see from this report that the median sales price over the last 6 months has been $420,000 – this also being for a 2 bedroom 2 bathroom unit!
Regency Tower South
Sales Prices by Bedroom
Here is the market summary report for Regency Tower South Galt Ocean Mile condos sold over the last 6 months – showing median prices by bedroom.
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 / 1 | 1,187 | $316,000 | $266.00 |
| 2 / 2 | 1,756 | $422,500 | $241.00 |
We can see from this report that the median price for:
- 1 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 6 months has been $316,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a sales price to square foot price of $266.00
- 2 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 6 months has been $422,500 – this being for a 2 bedroom 2 bathroom unit of 1756 square feet with a sales price to square foot price of $241.00
- There have been 3 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 6 months – this being based on MLS records!
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Regency Tower South over the last 6 months.
| SP$/SqFt | |
| Min | $229.00 |
| Max | $266.00 |
| Avg | $250.00 |
| Median | $253.00 |
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 $253.00 per square foot
It is also important to note the highest price paid over the last 6 months at $266.00 per square foot!
% Sales to List Price
An important real estate indicator is how much buyers are paying for Regency Tower South Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
Our market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 88% |
| Max | 97% |
| Avg | 94% |
| Median | 96% |
We can see that the median sales price to list price for a condo here in Regency Tower South over the last 6 months has been 96%
This means if a Fort Lauderdale condo for sale here in Regency Tower South is listed at $500,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $480,000 – based on MLS data!
Days on Market
Days on market for Regency Tower South Galt Ocean Mile condos for sale is also a very important indicator of demand for units in this complex.
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 42 |
| Max | 109 |
| Avg | 80 |
| Median | 89 |
We can see from this report that the median days on market at 89 days or just under 3 months!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Regency Tower South
Condo Sales Itemized
Here is the data for the 3 x Regency Tower South Galt Ocean Mile condos sold over the last 6 months
| BEDS / BATHS | LA | SP$ | |
| Unit 407 | 2 / 2 | 1,853 | $425,000 |
| Unit 806 | 2 / 2 | 1,660 | $420,000 |
| Unit 1403 | 1 / 1 | 1,187 | $316,000 |
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 Regency Tower South unit 407 a 2 bedroom condo which sold for $444,000!
Unit 407 is a 2 bedroom 2 bathroom 1853 square foot Galt Ocean Mile condo and this unit sold for $229.00 per square foot.
Unit 407 is a fully furnished CORNER unit with extensive wrap around balcony for outside entertaining!
This Regency Tower South condo features: a huge living room and separate dining room with lots of light, an open kitchen to the dining area, an extremely large master bedroom with walk in closet and master bath.
The unit has hurricane impact windows and a new hurricane Impact glass balcony door. There is a washer/dryer in the utility room
Unit 407 sold for 97% of its list price and had 109 days on market – or just under 4 months!
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 a limited range of Regency Tower South condos for sale – with just 3 units for sale.
Buyer activity and sales had slowed right down over the last few months given the Corona Virus!
Despite the virus and a low inventory of units for sale – over last 6 months we have had 3 units sold and 2 units are now pending sale!
I hope you have enjoyed my post on Regency Tower South
Fort Lauderdale Condos for sale
Kevin Wirth – Realtor
This statistical report on comparable Regency Tower South properties includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market.
This report is based on information which is the © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.