Saturday, January 07, 2012

Some Wesley Chapel communities more distressed than others

The above chart reflects the reported 2011 single family home sales by category for many of the larger communities in Wesley Chapel.  Green reflects the percentage of normal sales; red, REO/Foreclosures and Orange, Short Sales.

Distressed sales (Short Sales & REO/Foreclosures) made up a larger market share in Wesley Chapel in 2011 single family home sales than neighboring New Tampa.  Overall, 56% of the reported single family home sales in Wesley Chapel were distressed sales.  This compares to a substantially lower 32% in New Tampa. 

Currently 59% of the Wesley Chapel single family homes listed for sale in our MLS are normal sales, 34% are Short Sales, and 7% are REO/Foreclosures.
*Information in MLS deemed reliable but not guaranteed.

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