The total number of reported sales for single family homes in Wesley Chapel in October was 66 which is down 12% from a year ago. The average sales price was $209,490 which is up 8.5% from last October.
The percentage of distressed single family home sales for the month also showed a decline. In October 2012 37% of the reported sales were distressed compared to 20% last month. Cash sales represented 36% of all sales compared to 32% a year ago.
Lastly, 59% of the reported sales were below $200,000.
With just under 300 homes listed for sale, there is plenty of inventory on the market.
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