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 November 2020 / December 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 – (1 of which is a new listing)

There have been 5 sales of condo units over the last 6 months – (and 1 unit is 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 $285,000 – $830,000

Median Prices

  • Median List Price $631,950
    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 94%
  • Days on Market 131 Days
View Galt Ocean Mile condominium Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale
Galt Ocean Mile condominium Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale

Regency Tower South
Condos for Sale

There are currently 8 x Regency Tower South Galt Ocean Mile condos for sale here in Fort Lauderdale 

The number of Regency Tower South condos for sale is up from our last post for September 2020 / October 2020 when there were 4 units for sale!

Our market analysis report for these 8 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 980 $285,000
Max 3 / 2 2,080 $830,000
Avg 2 / 2 1,724 $613,975
Median 2 / 2 1,820 $631,950

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 $613,975 – this being for a 2 bedroom 2 bathroom unit!

In our last post the average price for an Galt Ocean Mile direct oceanfront condo for sale here in Regency Tower South was lower at $596,000 – 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 $631,950 – 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 much lower at $562,000 – this being for a 2 bedroom 2 bathroom unit

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

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 / 1 980 $285,000 $291.00
2 / 2 1,787 $624,900 $345.00
3 / 2 2,080 $829,500 $399.00

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

  • 1 bedroom Regency Tower South condos for sale is $285,000 – this being for a 1 bedroom 1 bathroom unit of 980 square feet with a list price to square foot price of $291.00 In our last post there were no 1 bedroom units for sale – However in our prior post the median list price for 1 bedroom condos for sale was slightly higher at $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
  • 2 bedroom Regency Tower South condos for sale is $624,900 – this being for a 2 bedroom 2 bathroom unit of 1787 square feet with a list price to square foot price of $345.00 – In our last post the median price for 2 bedroom condos for sale was much lower at $562,500 – this being for a 2 bedroom 2 bathroom unit of 1756 square feet with a list price to square foot price of $345.00
  • 3 bedroom Regency Tower South condos for sale is $829,500 – this being for a 3 bedroom 2 bathroom unit of 2080 square feet with a list price to square foot price of $399.00 – In our last post there were no 3 bedroom Regency Tower South condos for sale – However in the prior post when there were 3 bedroom units for sale the median price was higher at $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

Click here to email me now

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View Galt Ocean Mile New Listings


View Galt Ocean Mile condo Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale just listed for sale Unit 2008
Galt Ocean Mile condo Regency Tower South 3750 Galt Ocean Drive just listed for sale # 2008

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 were 3 new listings over the preceding 30 days!

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

BEDS / BATHS LA LP$
Unit 2008 1 / 1 980 $285,000

We can see from this report that Regency Tower South unit 2008 a 1 bedroom Galt Ocean Mile condo has just been listed for sale for $285,000 – this 1 bedroom 1 bathroom 980 square foot unit has a list price to square foot price of $291.00

Unit 2008 is a Penthouse and has ocean views from living and bedroom areas.

This Galt Ocean Mile condo for sale features: a spacious kitchen that opens to the living area, an all white kitchen with dishwasher, recessed lighting and stainless sink.

This penthouse unit has a large balcony that overlooks the ocean and beach, impact windows, tile floors throughout and there is a washer and dryer too!

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 Fort Lauderdale

Regency Tower South
Pending Sales

There is currently 1 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 this unit is presented below:

BEDS / BATHS LA LP$
Unit 907 2 / 2 1,660 $480,000

We can see from this report that Unit 907 a 2 bedroom Regency Tower South condo listed for sale for $480,000 is now pending salethis 2 begroom 2 bathroom 1660 square foot unit has a list price to square foot price of $289.00

Unit 907 offers magnificent sunsets and views of the Atlantic Ocean from its 9th-floor wraparound balcony. 

This Galt Ocean Mile condo for sale is a “sun-drenched” corner condo and offers a gracious floorplan with enormous rooms for entertaining.   The unit has Impact windows / doors throughout. 

View Galt Ocean Mile condo Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale recently sold Penthouse 2005
Galt Ocean Mile condo Regency Tower South 3750 Galt Ocean Drive sold Penthouse 2005

Regency Tower South
Sales Last 6 Months

There have been 5 x Galt Ocean Mile condos sold here in Regency Tower South over the last 6 months – this is down from 7 sales as in our last post!

Our market analysis report for these 5 recent sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,187 $247,000
Max 2 / 2 1,787 $505,000
Avg 2 / 2 1,480 $388,400
Median 2 / 2 1,580 $420,000

We can also see from this report that the average sales price over the last 6 months has been $388,400 – this also being for a 2 bedroom 2 bathroom unit!

In our last post the average sales price over the last 6 months was lower at $383,286 – this also being for a 2 bedroom 2 bathroom unit!

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!

In our last post the median sales price was the same at $420,000 – this also being for a 2 bedroom 2 bathroom unit!

Pool views Galt Ocean Mile condominium Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale
Pool views Galt Ocean Mile condominium Regency Tower South 3750 Galt Ocean Drive!

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 $261,000 $220.00
2 / 2 1,660 $495,000 $277.00

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 $261,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a sales price to square foot price of $220.00 – In our last post the median sales price for 1 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 6 months was higher at $275,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a sales price to square foot price of $232.00
  • 2 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 6 months has been $495,000 – this being for a 2 bedroom 2 bathroom unit of 1660 square feet with a sales price to square foot price of $277.00 – In our last post the median sales price for 2 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 6 months was lower at $460,000 – this being for a 2 bedroom 2 bathroom unit of 1723 square feet with a sales price to square foot price of $265.00
  • There have been no 3 bedroom Regency Tower South Galt Ocean Mile condos sold over the last 6 months this being based on MLS records – This is the same as in our last post!
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 6 months.

SP$/SqFt
Min $208.00
Max $320.00
Avg $258.00
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 – the same as in our last 2 posts!

It is also important to note the highest price paid over the last 6 months at $320.00 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 95%
Avg 92%
Median 94%

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 94%

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 94% of that amount or $470,000 – based on MLS data!

This is the same as in our last post!

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 78
Max 267
Avg 143
Median 131

We can see from this report that the median days on market at 131 days or just over 4 months – up from 109 days as in our last post!

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 5 x Regency Tower South Galt Ocean Mile condos sold over the last 6 months:

BEDS / BATHS LA SP$
Unit 1610 2 / 2 1,580 $505,000
PH 2005 2 / 2 1,787 $495,000
Unit 806 2 / 2 1,660 $420,000
Unit 804 1 / 1 1,187 $275,000
Unit 1208 1 / 1 1,187 $247,000

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 1610 a 2 bedroom condo which sold for $505,000!

Unit 1610 is a 2 bedroom 2 bathroom 1580 square foot Galt Ocean Mile condo and this unit sold for $320.00 per square foot.

This condo sold for 94% of its list price and had 131 days on market – or just under 4.5 months!

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 nice range of Regency Tower South condos for sale with 8 units on offer – a mix of 1, 2 & 3 Bedroom units!

Despite the virus I am pleased to report that we have had 5 units sold over the last 6 months and 1 unit is 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.