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Wesley Oaks in Wesley Chapel NC--2010 Real Estate Market Update

Wesley Oaks in Wesley Chapel NC—2010 Real Estate Market Update

Click here for an update to the 2011 real estate market in Wesley Oaks.

Wesley Oaks is a swim club community located in the heart of Wesley Chapel NC. Built between 2002 and 2007, the neighborhood is divided into two villages. One village has quarter acre lots and the other village has lots of a half acre to one acre. Wesley Oaks is conveniently located adjacent to the Wesley Chapel Village Commons with its grocery stores, Target, restaurants, banks and other shops.

How did the 2010 real estate market in Wesley Oaks compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Fourteen homes sold in the neighborhood in 2010 compared with only eight in 2009.

Wesley Oaks Real Estate Market Comparison

The Wesley Oaks median sales price dropped less than one percent in 2010 from 2009. The median square footage of homes sold dropped over 15%, indicating that smaller homes were sold in 2010. On a dollars per square foot basis, homes sold for more in 2010 than in 2009. Days on market nearly tripled in 2010 while list-to-sale ratio dropped to 95%.

Market resales accounted for nearly 80% of all Wesley Oaks sales in 2010. The neighborhood had two foreclosures and one short sale during the year.

Single Family Homes

Wesley Oaks
Single Family Market Update
Median Closed PriceMedian Home Square FootageMedian Days on MarketMedian List to Sale Ratio
Year 2009$320,00037563997%
Year 2010$318,500316510795%

Source: Carolina Multiple Listing Service

Wesley Oaks Types of Closed Sales

Wesley Oaks Sales TypesNumber of Closed SalesPercentage of Closed Sales
Resale1178.5%
New Constructionn/an/a
Foreclosure214.2%
Short Sale17.3%

Source: Carolina Multiple Listing Service

Read more about Wesley Oaks, its community amenities, builders and public schools: Wesley Oaks in Wesley Chapel NC: Homes for Sale and Neighborhood Profile

Wesley Oaks Homes for Sale

Click here to see Wesley Oaks homes for sale.

Ever wonder what your Wesley Oaks home is worth?

Click here to receive a free market evaluation.

Copyright 2011. Carol Fox. Allen Tate Realtors. *Wesley Oaks in Wesley Chapel NC—2010 Real Estate Market Update*

Posted: Monday, June 20, 2011 11:32 AM by Carol Fox

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