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

Regency Tower South Condos

Regency Tower South
Galt Ocean Mile Condos
2020 Pricing Guide

Welcome to our March 2020 / April 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.

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Currently there are 7 x condos for sale here in Regency Tower South Fort Lauderdale – a mix of 1 & 2 bedroom units!

There have been 7 sales of condo units over the last 12 months and 2 units are 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 $299,900 – $785,500

Median Prices

  • Median List Price $525,000
    for a 2 bedroom 2 bathroom unit
  • Median Sales Price $430,000
    – for a 2 bedroom 2 bathroom unit
  • Median Sales Price to Sq Ft Price $275.00
    Median Sales to List Price 94%
  • Days on Market 101 Days
View Regency Tower South Galt Ocean Mile condominium 3750 Galt Ocean Drive Fort Lauderdale
Regency Tower South Galt Ocean Mile condominium 3750 Galt Ocean Drive Fort Lauderdale

Regency Tower South
Condos for Sale

There are currently 7 x Regency Tower South Galt Ocean Mile condos for sale here in Fort Lauderdale – a mix of 1 and 2 bedroom units!

The number of condos for sale is well up from the 4 units for sale as in our last post for January 2020 / February 2020

Our market analysis report for these 7 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1,187 $299,000
Max 2 / 2 1,853 $785,500
Avg 2 / 2 1,628 $555,071
Median 2 / 2 1,660 $525,000

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 $555,071 – 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 $525,000 – this being for a 2 bedroom 2 bathroom unit down from our last post!

In our last post the median price for a condo for sale here in Regency Tower South was much higher at $643,500 – this also being for a 2 bedroom 2 bathroom unit

Pool view Galt Ocean Mile condominium Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale
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
1 / 1 1,187 $299,000 $252.00
2 / 2 1,720 $532,000 $317.00

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

  • 1 bedroom Regency Tower South condos for sale is $299,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $252.00 In our last post the median list price for 1 bedroom condos for sale was higher at $324,900 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $274.00
  • 2 bedroom Regency Tower South condos for sale is $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 – In our last post the median price for 2 bedroom condos for sale was much higher at $762,000 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a list price to square foot price of $411.00
  • 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

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View Galt Ocean Mile New Listings


View Galt Ocean Mile condo Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condo Regency Tower South 3750 Galt Ocean Drive Unit 806

Regency Tower South
New Listings

There has been 1 new listing of a Galt Ocean Mile condo for sale here in Regency Tower South over the last 30 days

In our last post there had also been 1 new listing over the preceding 30 days – this being Penthouse 2005 a 2 bedroom condo.

Our market analysis report for this new listing is presented below.

BEDS / BATHS LA LP$
Unit 806 2 / 2 1,660 $475,000

We can see from this report that Unit 806 a 2 bedroom Galt Ocean Mile condo has just been listed for sale for $475,000 – this 2 bedroom 2 batrhroom 1660 square foot unit has a list price to square foot price of $286.00

Unit 806 features an expansive patio for sunbathing and enjoying the beautiful beach and blue waters of the Atlantic Ocean.

This Condo is light and airy with an open living space and large closets.

View Galt Ocean Mile condo Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale pending sale - Unit 1403
View Galt Ocean Mile condo Regency Tower South 3750 Galt Ocean Dr pending sale Unit 1403

Regency Tower South
Pending Sales

There are currently 2 x Regency Tower South Galt Ocean Mile condos pending sale – In our last post there was 1 condos pending sale – Unit 407 a 2 bedroom condo which is still pending sale (see below)

Our market analysis report for these units is presented below:

BEDS / BATHS LA LP$
Unit 407 2 / 2 1,853 $439,000
Unit 1403 1 / 1 1,187 $329,000

We can see from this report that:

Regency Tower South condo 407 a 2 bedroom unit listed for sale for $439,000 is now pending sale – this 2 bedroom 2 bathroom 1853 square foot unit has a list price to square foot price of $237.00 

Unit 407 is fully furnished corner unit with extensive wrap around balcony for outside entertaining! 

This Galt Ocean Mile condo features: a huge living room and separate dining room with lots of light, an open kitchen and an extremely large master bedroom with walk in closet and master bathroom.

The unit has Hurricane Impact windows and a new hurricane Impact glass balcony door.   There is a Washer/.Dryer in utility room. 

Regency Tower South condo 1403 a 1 bedroom unit listed for sale for $329,000 is now pending sale – this 1 bedroom 1 bathroom 1187 square foot unit has a list price to square foot price of $277.00 

Unit 1403 is a South “03” line, is 2 lines back from the most sought after South-East corner units!

This Galt Ocean Mile condo features: hurricane impact windows and balcony door, newer updated master bath, a wonderful open floor plan with formal entry foyer.

The unit has loads of closet space and comes with 1 assigned parking space in the garage. 

View Regency Tower South Galt Ocean Mile condos recently sold 3750 Galt Ocean Drive Fort Lauderdale Unit 810
View Regency Tower South Galt Ocean Mile condos recently sold 3750 Galt Ocean Drive  #810

Regency Tower South
Sales Last 6 Months

There have been just 2 x Galt Ocean Mile condos sold here in Regency Tower South over the last 6 months.

Our market summary report for these 2 recent sales is presented below:

BEDS / BATHS LA SP$
Unit 810 2 / 2 1,787 $430,000
Unit 1708 1 / 1 1,187 $342,000

We can see from this report that:

Regency Tower South condo 810 a 2 bedroom unit sold for $430,000 – this 2 bedroom 2 bathroom 1787 square foot unit has a sales price to square foot price of $241.00 

Unit 810 offers a beautiful ocean view from the large open balcony.

This Galt Ocean Mile condo has a deeded garage space.

Regency Tower South condo 1708 a 1 bedroom unit sold for $342,000 – this 1 bedroom 1 bathroom 1187 square foot unit has a list price to square foot price of $288.00 

Unit 1708 is a beautifully updated and spacious unit with stunning ocean and city views!

This Galt Ocean Mile condo features all impact windows and a bright and open remodeled kitchen! 

Regency Tower South
Sales Last 12 Months

There have been 7 x Galt Ocean Mile condos sold here in Regency Tower South over the last 12 months

Our market analysis report for these 7 sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,187 $290,000
Max 3 / 2 2,323 $615,000
Avg 2 / 2 1,625 $443,571
Median 2 / 2 1,787 $430,000

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 12 months has been $443,571 – this being for a 2 bedroom 2 bathroom unit!

We can also see from this report that the median sales price over the last 12 months has been $430,000 – 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 12 months – showing median prices by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1,187 $342,000 $288.00
2 / 2 1,853 $510,000 $275.00
3 / 2 2,323 $615,000 $265.00

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

  • 1 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 12 months has been $342,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a sales price to square foot price of $288.00
  • 2 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 12 months has been $510,000 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a sales price to square foot price of $275.00
  • 3 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 12 months has been $615,000 – this being for a 3 bedroom 2 bathroom unit of 2323 square feet with a sales price to square foot price of $265.00
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 12 months.

SP$/SqFt
Min $241.00
Max $310.00
Avg $274.00
Median $275.00

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 12 months has been $275.00 per square foot.

It is also important to note the highest price paid over the last 12 months at $310.00 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 91%
Max 99%
Avg 94%
Median 94%

We can see that BOTH the average and median sales price to list price for a condo here in Regency Tower South over the last 12 months has been 94%!

This means if a Fort Lauderdale condo for sale here in Regency Tower South is listed at $600,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $564,000 – 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 12 months.

DOM
Min 18
Max 228
Avg 112
Median 101

We can see from this report that the median days on market at 101 days or just over 3 months!

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

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 really good range of condos for sale – especially 2 bedroom units for sale!  

The last 12 months have seen some good sales with 7 units sold – and 2 units currently 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.