The average sold price for single family homes in Wesley Chapel in the first half of 2012 was $171,838 compared to $160,384 for the second half of 2011.* Additionally the average sales price per square foot increased from $72.15 in the second half of 2011 to $76.38 in the first six months of 2012 for single family homes in Wesley Chapel.
Below are the average sales figures for some of the larger communities in Wesley Chapel:
On a national level, CoreLogic released its May Home Price Index (HPI) report, saying that home prices nationwide, including distressed sales, increased on a year-over-year basis by 2.0 percent compared to May 2011. On a month-over-month basis, home prices, including distressed sales, also increased by 1.8 percent compared to April 2012.
The May 2012 figures mark the third consecutive increase in home prices nationwide on both a year-over-year and month-over-month basis.
Excluding distressed sales, home prices nationwide increased on a year-over-year basis by 2.7 percent in May compared to May 2011. On a month-over-month basis excluding distressed sales, the CoreLogic HPI indicates home prices increased 2.3 percent compared to April 2012 – the fourth month-over-month increase in a row. Distressed sales include short sales/Pre-foreclosures and real estate owned (REO) transactions.
*Information reported in MLS deemed reliable but not guaranteed. New home sales were not included in the calculations for 2011 or 2012.