An analysis of the year to date single family home sales reported in our local MLS shows a high percentage were reported as all cash sales. Most of those sales were likely to investors.
Stats on YTD all cash Wesley Chapel single family home sales:
- 41% of all reported sales were cash sales
- The average sales price of the all cash sales was $174,622
- Sales prices ranged from a low of $57,000 for a home with Chinese drywall to a high of $525,000
- The average cash sales price was 99% of the list price.
Presently there are less than 170 single family homes listed for sale in Wesley Chapel with an average list price of $351,142. Less than 30 of those are under $200,000 as that is the preferred price point for real estate investors and they tend to get gobbled up quickly.
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