Regency Tower South
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our May 2020 / June 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 8 x condos for sale here in Regency Tower South Fort Lauderdale – a mix of 1 & 2 bedroom units!
There have been 8 sales of condo units over the last 12 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 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 $298,000 – $785,500
Median Prices
- Median List Price $512,500
– for a 2 bedroom 2 bathroom unit
- Median Sales Price $396,500
– for a 2 bedroom 2 bathroom unit - Median Sales Price to Sq Ft Price $265.00
Median Sales to List Price 95% - Days on Market 93 Days
Regency Tower South
Condos for Sale
There are currently 8 x Regency Tower South Galt Ocean Mile condos for sale here in Fort Lauderdale – a mix of 1 and 2 bedroom units!
Our market analysis report for these 8 x Galt Ocean Mile condos for sale is presented below:
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 1,187 | $298,000 |
| Max | 2 / 2 | 1,853 | $785,500 |
| Avg | 2 / 2 | 1,573 | $522,937 |
| Median | 2 / 2 | 1,620 | $512,500 |
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 $522,937 – 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 $512,500 – this being for a 2 bedroom 2 bathroom unit
It is important to note that the median list price for Regency Tower South condos for sale is down from our last 2 posts!
In our last post the median price for a condo for sale here in Regency Tower South was higher at $525,000 – this being for a 2 bedroom 2 bathroom unit
In our prior post the median price for a condo for sale here in Regency Tower South was higher at $643,500 – this also being for a 2 bedroom 2 bathroom unit
Regency Tower South
Prices by Bedroom
Here is the market summary report for Regency Tower South Galt Ocean Mile condos for sale – showing median prices by bedroom.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 1,187 | $298,500 | $251.00 |
| 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 $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 – In our last post the median list price for 1 bedroom condos for sale was ever so slightly higher at $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
- 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 the same 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 $383.00
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
kevinsellsmore@gmail.com
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Regency Tower South
New Listings
There has been 1 new listing of a Galt Ocean Mile condo for sale here in Regency Tower South over the last 30 days
In our last post there had also been 1 new listing over the preceding 30 days – this being unit 806 a 2 bedroom condo.
Our market analysis report for this new listing is presented below.
| BEDS / BATHS | LA | LP$ | |
| Unit 1208 | 1 / 1 | 1,187 | $298,000 |
We can see from this report that Unit 1208 a 1 bedroom Galt Ocean Mile condo has just been listed for sale for $298,000 – this 1 bedroom 1 bathroom 1187 square foot unit has a list price to square foot price of $251.00
Unit 1208 offers beautiful ocean & city views!
This Galt Ocean Mile condo for sale features: a brand new kitchen with wooden cabinets, granite counter top, new sink, garbage disposal, microwave & dishwasher.
The unit has a newer A/C and water heater. There is a full washer & dryer in unit too!
Regency Tower South
Pending Sales
There are currently no x Regency Tower South Galt Ocean Mile condos pending sale – In our last post there were 2 condos pending sale!
Regency Tower South
Sales Last 6 Months
There have been just 2 x Galt Ocean Mile condos sold here in Regency Tower South over the last 6 months.
Our market summary report for these 2 recent sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Unit 407 | 2 / 2 | 1,853 | $425,000 |
| Unit 1403 | 1 / 1 | 1,187 | $316,000 |
We can see from this report that:
Regency Tower South condo 407 a 2 bedroom unit sold for $425,000 – this 2 bedroom 2 bathroom 1853 square foot unit has a sales price to square foot price of $229.00
Unit 407 offersis a fully furnished corner unit with an extensive wrap around balcony for outside entertaining!
This Galt Ocean Mile condo has a huge living room and separate dining room with lots of light . The unit features: an open kitchen, extremely large master bedroom with walk in closet and master bath.
Regency Tower South condo 1403 a 1 bedroom unit sold for $316,000 – this 1 bedroom 1 bathroom 1187 square foot unit has a list price to square foot price of $266.00
Unit 1403 is high floor condo with direct ocean views, hurricane impact windows and balcony door,!
This Galt Ocean Mile condo features: a newer updated master bathroom with custom tile, soap niche, built in shower seat, new vanity, commode and lighting. The unit has a wonderful open floor plan with formal entry foyer, roomy 1/2 bath and loads of closet space.
Regency Tower South
Sales Last 12 Months
There have been 8 x Galt Ocean Mile condos sold here in Regency Tower South over the last 12 months.
Our market analysis report for these 8 sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1,187 | $290,000 |
| Max | 3 / 2 | 2,323 | $615,000 |
| Avg | 2 / 2 | 1,571 | $417,000 |
| Median | 2 / 2 | 1,487 | $396,500 |
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 $417,000 – 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 $396,500 – this also being for a 2 bedroom 2 bathroom unit!
In our last post for March 2020 / April 2020 the median sales price over the preceding 12 months was higher at $430,000 – this also being for a 2 bedroom 2 bathroom unit!
Regency Tower South
Sales Prices by Bedroom
Here is the market summary report for Regency Tower South Galt Ocean Mile condos sold over the last 12 months – showing median prices by bedroom.
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 / 1 | 1,187 | $329,000 | $277.00 |
| 2 / 2 | 1,853 | $430,000 | $241.00 |
| 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 $329,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a sales price to square foot price of $277.00
- 2 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 12 months has been $430,000 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a sales price to square foot price of $241.00
- 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 $265.00
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Regency Tower South over the last 12 months.
| SP$/SqFt | |
| Min | $229.00 |
| Max | $310.00 |
| Avg | $268.00 |
| Median | $265.00 |
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 $265.00 per square foot – This is down from $275.00 as in our last post!
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 | 95% |
| Median | 95% |
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 95% – up from 94% as in our last post!
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 95% of that amount or $475,000 – 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 | 102 |
| Median | 93 |
We can see from this report that the median days on market at 93 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.
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 nice range of condos for sale – especially 2 bedroom units for sale!
The last 12 months have seen some good sales with 8 units sold!
Buyer activity and sales have however slowed right down over the last couple of months given the Corona Virus!
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.