The prices in real estate in West Bend, in the Wisconsin region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in West Bend has increased strongly during the last 6 months. In July, the average price per sq.feet was $141. In the following month the price per sq.feet increased considerably to $263. The price for the following two months in (September, October) had a considerable decrease of 68 with regard to the prior two months. The price per sq.feet has increased 106 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $170 to $179.5 during November, and December.
Based upon to the price in West Bend (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $270,078. During August the price went through a considerable rise reaching $856,600. During the following two months (September, October) the average price had a considerable reduction of 48 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $546,160 they are 58 % more affordable than the average price for West Bend. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $318,843.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $127 / sq.feet, with an average $199 / sq.feet price in West Bend. The properties with the lowest average prices have 3 bedrooms. They are 27 % cheaper than the average followed by properties with 1 bedroom with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $546,160 it is 73 % cheaper than the average price in West Bend. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $281,850 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $117 / sq.feet followed by "House" priced at $206 / sq.feet. "Office" is the most costly type of property with a $617 / sq.feet cost followed by "Townhouse" with an average price of $424 / sq.feet.