West Bend Statistics

I found it interesting to look at real estate values in the West Bend area over the past 5 years and note the changes that have been occurring.

Back in 2002 there were 533 sales reported while in 2006 there were 566. The highest sales units on record in the past 5 years was in 2005 with 621 sales reported.

2002 offered the highest appreciation on record for the past 5 years, noting an 9.7% increase from 2001. 2004 was the second highest appreciation on record at 8.1%, then 2005 at 8%.

2006 tells a different tale with appreciation dropping down to 5.3% from the previous year, still lower than what we saw back in 2003 when appreciation rates were only charted at 2.6%.

Over the past 5 years home owners in the West Bend area have seen an average annual appreciation of 7% and a total appreciation of 28.5%. The average sales price has increased from $161,467 to $207,493 and the average days on market has become approximately 72.

Yes, we're in a changing market, but we definitely are not experiencing the loss in property value that some of our coastal areas are noting. Property values may level out over the next year, but so far, West Bend is still a great place to "put your money".