Wesley Chapel Real Estate Statistics for November 2006

Posted Dec 26, 2006 @ 3:30 pm, Viewed by 555 Visitors, Read 562 Times.
If you look strictly at the numbers below it would appear that Wesley Chapel seems to be fairing a little better than the overall Tampa real estate market, See Tampa Real Estate November 2006. Although overall homes sales are down 15.9%, prices are actually up almost 4% when compared to the same period last year. 
 
Unfortunately, here’s what the numbers don’t tell you, prices in Wesley Chapel are being buoyed by newer communities like Seven Oaks. As you can see from the numbers below, Seven Oaks is showing significant gains over last year, but Seven Oaks is primarily a new construction community, so many of the homes that actually closed in November 2005, were actually contracted in 2004, at 2004 prices. 
 
Meadow Pointe, which is an older community, but still has new construction homes, is probably better representation of what is happening in the Wesley Chapel Real Estate Market, as well as the overall Tampa Bay real estate market. Homes sales are down, prices are down, but only slightly, and days on market are up.
 

Inventories remain high in Wesley Chapel and because Wesley Chapel has a lot of new construction, there are a lot of investor owned vacant listings, as wells builder inventory. There are currently 1,021 active listings in Wesley Chapel, see Wesley Chapel Homes, which means Wesley Chapel currently has 16 month supply of homes.

Wesley Chapel Home Sales for November 2006

  2005 2006 % Change
No. Homes Sold 132 111 -15.9%
Average Sales Price $263,519 $273,904 3.9%
Median Sales Prices $258,121 $255,286 -1.1%
Average Days on Market 44.5 62.0 39.2%
Lowest Sales Price $75,000 $65,000 -13.3%
Highest Sales Price $550,000 $665,000 20.9%

Seven Oaks Home Sales for November 2006

  2005 2006 % Change
No. Homes Sold 13 9 -30.8%
Average Sales Price $309,963 $428,110 38.1%
Median Sales Prices $288,979 $441,415 52.7%
Average Days on Market 51.1 71.6 40.0%
Lowest Sales Price $225,473 $245,000 8.7%
Highest Sales Price $510,000 $665,000 30.4%

Meadow Pointe Home Sales for November 2006

  2005 2006 % Change
No. Homes Sold 41 33 -19.5%
Average Sales Price $254,655 $248,863 -2.3%
Median Sales Prices $252,990 $235,000 -7.1%
Average Days on Market 24.0 53.8 124.0%
Lowest Sales Price $159,900 $153,000 -4.3%
Highest Sales Price $463,100 $491,726 6.2%

Relocating to Tampa Florida? TampaHomes24-7.com is a one-stop source for all kinds of information related to the Tampa real estate market, including Wesley Chapel real estate.

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Calum

Calum Hi, let me introduce myself, I’m Calum MacKenzie. My wife Kathy and I are Tampa real estate professionals who take our business seriously… okay, so sometimes I’m not so serious, but definitely personally. Read More

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