In the semiannual analysis of Wesley Chapel single family home sales reported in MLS we see that the actual percentage of "Short Sale" single family homes that sold was the smallest category--at 23% of the total sold.
It is interesting to note that the actual percentage of "Short Sale" single family homes currently under contract in Wesley Chapel is the highest at 67%! (It is probable that most of those are waiting for a response by the sellers' lender(s.) Comparing this high percentage to the actual solds shows that a large number of these will not close and become solds. This is consistent with analyses by type of sale in the past, reflecting that the volume of actual short sale solds is much lower than those that have gone under contract.
40% of the single family homes listed for sale in our MLS are identified as Short Sales/Pre-foreclosures, 8% are REO's/Foreclosures, and 52% (Traditional) are not distressed sales.
An analysis of the actual sales price to list price ratios for the first six months show little differences in the sales price percentages in the three categories:
Short Sales/Pre-Foreclosures: 96%
Currently there are over 300 single family homes listed for sale in Wesley Chapel.
*Information reported from MLS deemed reliable but not guaranteed.