Peoria Area Homes Sales Declined less that 1 Percent in 2016

access_timeJanuary 24, 2017personMark and Jennifer Monge

What you are reading above is the headline in the Peoria Journal Star today. What you can read below is the story that ran under it. Statistically, when looking at the entire market, that headline is correct. However within our Peoria area market, we have stats for 18 different communities, 6 counties and a whole […]

Congrats to Teri Rainey the winner of the $100 Visa Gift Card!

access_timeJanuary 5, 2017personMark and Jennifer Monge

How does this market compare to last year? 8 years go?

access_timeSeptember 23, 2016personMark and Jennifer Monge

Good question. Thanks for asking. 🙂 Let’s look at if from a view different vantage points. Also-keep in mind that August of 2008 was about the top of our market, or at the very least the beginning of the tipping point, before the worldwide economic crisis. While the east and west coasts, and the sand […]

What price ranges are selling the fastest? The slowest?

access_timeSeptember 22, 2016personMark and Jennifer Monge

Two answer the question of which price range is selling the fastest or slowest in central Illinois, let’s look at two factors: 1) The number of closed sales 2) How many days on market from listing to pending status. Homes priced under $75K closed the most as of the most recent data published. Closings […]

Which communities have the highest or lowest property taxes?

access_timeSeptember 21, 2016personMark and Jennifer Monge

By Mark and Jennifer Monge By Mark and Jennifer Monge What areas have the highest tax rates? Which ones have the lowest? Fair question, and a common one, so much so that it’s worth revisiting and updating this post which we’ve revisited in the past. Property taxes are a funny thing, in a dark comedy/tragedy […]

“Any good foreclosures out there???”

access_timeSeptember 17, 2016personMark and Jennifer Monge

This is a question I’m asked somewhat often, more from clients coming in from other parts of the country where foreclosures are more common. My quick answer in “no”, but let me explain. fore·clo·sure ˌfôrˈklōZHər/ noun the process of taking possession of a mortgaged property as a result of the mortgagor’s failure to keep […]

Is the tipping point here?

access_timeSeptember 15, 2016personMark and Jennifer Monge

tip·ping point noun the point at which a series of small changes or incidents becomes significant enough to cause a larger, more important change. So…is there a tipping point in our local real estate scene? Good question. The answer is…..yes…and no…depending on the price range and location. Consider this. This link (click here) shows central Illinois […]

Detailed look inside the August sales data for Central Illinois

access_timeSeptember 9, 2016personMark and Jennifer Monge

Where as my other post looked at the different communities individually for the month of August and showed how each one did compared to the same time period earlier, this one combines them all and tells us which price points are moving the most, the fastest, the slowest, etc. To see this report, click here. For […]

August Sales Data for every central Illinois community

access_timeSeptember 9, 2016personMark and Jennifer Monge

Here’s a great link showing all of the sales data for August 2016 compared to August 2015, as well as year to date data from Jan 1st through the end of Aug. This covers each individual community such as Dunlap, Morton, Germantown Hills, Metamora, East Peoria, Peoria, Peoria Heights, Bartonville, West Peoria and more. It […]

Catching up on Peoria sales data for July

access_timeSeptember 7, 2016personMark and Jennifer Monge

Let’s see how things are doing in July. This data is comprised of the most current available data, which is July 2016. The Aug numbers won’t be out for about 2 weeks, but let’s see where things stand so far. With Peoria being the largest city in the central Illinois area, the data holds a lot […]