Peoria Real Estate

According to the Peoria Area Association of Realors, in October of 2008, there were 658 listings (down 21% from 2007) with only 315 sales (vs. 442 in 2007) pending and 434 (vs. 463 in 2007) closed in October.

The average days on the market was 71 (up only slightly from 69 in 2007) with the median sales price at $113,250 vs. $114,700 in October of 2007.

The average sales price was $135,908 (vs. $138,079 in 07) which is 91.6% of the original list price.

Despite the economic conditions, the average sales price has only declined slightly in the Peoria area, but overall number of listings is lower than 07 (down 21%).

Click to see Peoria Real Estate, (homes, condos and apartments) currently on the market.

Looking for some tips to help sell your home?

• Offer the cover the buyer's closing costs: this can end up being between 3 and 6% of the sale price meaning potentially several thousands of dollars.
• Help the buyer get a better mortgage rate: offer to purchase discount points which can be purchased up front to secure a lower interest rate on a mortgage - that way you can advertise your home with below market financing to make it more attractive to buyers.
• Throw in some freebies: If you're planning on buying new appliances such as a refrigerator, washer & dryer or oven, and your current ones are in good condition, include them as part of the purchase agreement when they buy your home. This adds value to the overall purchase and may end up saving you money in moving costs for those items to your new place.

Check out our blog for more info on Peoria Real Estate.