Wesley Chapel real estate report for November 2013

The reported sales for Wesley Chapel single family homes in October in our MLS show mixed news--some good and some not so good.

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.