Wesley Chapel Home Sales for January 2007

Wesley Chapel Real Estate sales fell 34.8% in January 2007, compared to January 2006. The average home price declined 2.1%, while the median price declined 6.3%. The average days on market rose 44.3% to 78 days.

There are currently 1,089 active Wesley Chapel listings, which represent about a 19 month supply based on January’s sales. This high inventory level means it’s still a buyers market and there are number of great opportunities for buyers in some of Wesley Chapel’s top communities including Meadow Pointe, Seven Oaks, and Lexington Oaks just to name a few.

Wesley Chapel Residential Sales for January 2007

	2006	2007	% Change
No. Homes Sold	89	58	-34.8%
Average Sales Price	$272,342	$266,532	-2.1%
Median Sales Prices	$258,826	$242,450	-6.3%
Average Days on Market	53.9	77.7	44.3%

All data taken from the Greater Tampa Association Realtors MLS and deemed reliable, but not guaranteed.

Visitor Feedback

There are currently 2 Responses to this blog entry.

Ryan Ward

5 years ago (February 23rd, 2007)

Is the supply of homes much higher as well? What I find interesting and different than my housing market in Sandy Springs and Alpharetta is that the number of sales has dropped as well. Here in North Atlanta we have about the same or more buyers, just more inventory as well. How are you dealing with the changes?

Calum

5 years ago (February 24th, 2007)

Yes, inventory has doubled since last January. It continues to be a strong buyer's market. Although the numbers don't show it yet, I will say activity has picked up. I believe a number of buyers realize we are close to a turnaround and they are starting to take advantage of the market. We are definitely seeing this from a number of investors. We just continue to educate buyers to the opportunities that exist and try keep seller expectations in in-line with market conditions and how they differ from 12 to 18 months ago.

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About the Author

Calum

813-948-5900

Hi, let me introduce myself, I’m Calum MacKenzie. My wife Kathy and I are Tampa real estate professionals who take our business seriously… oka... Read More