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Wesley Chapel NC Real Estate Market Report--Year 2011

Wesley Chapel NC Real Estate Market Report—Year 2011

How did the Wesley Chapel NC real estate market fare during 2011 and how did 2011 market activity compare with the previous three years?

The tables below compare the Wesley Chapel NC real estate market for years 2008 through 2011. 36 single family homes closed in Wesley Chapel in 2011. The highest priced single family home sale was $800,000. Median days on the market were 99 days.

Single Family Homes in Wesley Chapel NC

Although the 2011 median closed price has improved over each of the past two years, it still remains 11.2% below the 2008 median price. The number of homes sold each year in Wesley Chapel has remain fairly stable with more homes sold in 2011 than in 2010 or 2009.

Single Family Homes

Wesley Chapel Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011
Median Sales Price $339,000 $265,000 $299,000 $301,000
Number of Homes Sold 38 33 29 36
Median Days on Market 52 35 96 99

Source: Carolina Multiple Listing Service

Types of Closed Sales in Wesley Chapel NC

Resales accounted for almost 70% of all home sales in 2011. Only 5.5% were new construction while distressed sales accounted for roughly 25% of sales.

Wesley Chapel Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 25 69.4%
New Construction 2 5.5%
Foreclosure 7 19.6%
Short Sales 2 5.5%

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Wesley Chapel—Year 2011

Click on each neighborhood below to get more information about the community and to see homes for sale.

Hunters Pointe Champion Forest Lindenwood

Copyright 2012. Carol Fox. Allen Tate Realtors. *Wesley Chapel NC Real Estate Market Report—Year 2011*


Posted: Friday, January 20, 2012 10:25 AM by Carol Fox

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