Calum's Blog: Wesley Chapel Real Estate

 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…

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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,… Read Full Post