About Peoria County, IL

Once again you should appreciate the appreciation of your home. According to statistics provided by the Peoria Area Association of Realtors, sale price of existing homes rose again in April 2008 over the same month last year. Overall sale price for existing Single Family Homes rose 1.1% over April 2007. 3 bedroom homes led the way with a 5.1%, followed closely by 2 bedrooms or less homes at 3.2% up. In climate where home sales are down in several markets across the country, it is, as always nice to live, work, and play in Peoria.

Here is a photo of the Entrance to Edgewild, we have had so much snow this year, I actually forgot what it looked like. Today, the weather is better, blowing sleet with hail. In spite of this, Edgewild homes are selling! I listed and sold a home on Regent on a one time showing. I also just sold the listing on Wolf Road,it was listed with another agent at RE/MAX Unlimited. Then I listed a home on Morningside a couple of weeks ago and it has an accepted offer. Yeah! I have another listing coming up soon, I hope it sells as quickly. Edgewild Subdivision features high quality custom built homes with mature landscaping. Many of them have not been updated since they were built in the 1960's and 1970's, so they are great for buyers who want to remodel a home. It is difficult to find one that has already been remodeled, it seems like many of the neighbors stay, but change homes in the subdivision. Several neighbors have other relatives living in Edgewild! We are seeing younger families with children moving here, which is wonderful, it brings life to an older neighborhood. Of course, I live in Edgewild, so I am one of the biggest fans. The yards are beautifully landscaped and there are always major home improvement projects going on. I think there are more dumpsters per subdivision than any other resale subdivision in Peoria, IL. This is a great boost for everyone. Hopefully the weather will break in Peoria soon, and it will be as green as the photo again.

The Peoria Woman - April 2008

http://www.peoriamagazines.com/. Go to site for full story.

I was featured on the front cover of Peoria Woman. It is 30 years of Laurie. Please go to the magazine link to read the article. Color Classics Photography did the photos, Jules did a great job. Thanks to all of you who have sent copies of the article to me, thanks to everyone who has sent notes to me, and thanks to Jan Wright Vergon for giving me the opportunity to share my story. It has been so interesting to see how many former clients who have moved away have contacted me about the article. Throughout the years, I have introduced many new Peorian's to other people, and they have bonded as lifelong friends. This is my favorite part of the job. The friends and clients still living here must have sent the magazine to their friends, I think I have heard from more people than the distribution amount.

Real Estate Peoria - 2007 Market Information

I wanted to give a quick snapshot of the Peoria Real Estate market for last year, 2007. The media has certainly clouded the waters a bit by all of the changes happening nationally, yet our own media outlets weren't taking a close look at real estate at a local level, and really that is where real estate matters - where you live. So if you live in the Peoria area, or are planning to move here or are always on the lookout for great investment properties, this information should prove insightful and positive. All of the following data has been provided by the Peoria Area of Association:

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Home sales: Locally, total home sales for 2007 were 5,815 compared to 6,129 in 2006 and 6,152 in 2005. Sales in 2007 showed a decrease of 5 percent from the previous year while state and national figures were in the double digits.

Average Sale Price. The average sale price for homes in the Peoria area was $139,693 for 2007 compared to an average of $135,676 for last year. That is an increase of 3% over the previous year.

Median Home Price. The median sale price for 2007 was $115,000, compared to $110,000 median sale price in 2006. That is an increase of 4.5 percent over 2006 median home price

Inventory. The number of homes on the market in the Peoria area at the end of the year was 2,497 compared to 2,455 in 2006, an increase of just over 1 percent. This presents a great opportunity for buyers with good credit to find a great home. There are a good number of homes in virtually every price range so with interest rates staying low, it is a great time to buy.

New Construction. There were 667 new construction homes sold through the multiple listing service in 2007 at an average sale price of $240,000, compared to 696 new construction homes in 2006 with an average sale price of $230,000. Even though we had 29 fewer new constructions in 2007, the average sale price increased by 4.4 percent.

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Basically all this information means is that real estate is thriving in Peoria and is showing no signs of reversing the slow, steady growth over the next few years.

If anyone is interested in learning more about the local real estate market in Peoria please let me know!

Call me at (309) 303-0557 or visit my website at http://www.theruleteam.com/

Real Estate Peoria - Housing Update

There are many homes for sale in Peoria, and prices have never been better! There are currently 2500 Homes For Sale in Peoria. Home Buyers in Peoria are finding some of the best Homes For Sale in Peoria, at prices far below the average for Illinois. Why pay rent when you can own a home in Peoria for less than $700 per month? Peoria Realtor Brian Rule can help you find and buy the right house in Peoria with the best price and terms.

If you need help finding the right Peoria Mortgage Lender, then Peoria Realtor Brian Rule can help!

Call 309-303-0557 or visit my web site at http://www.TheRuleTeam.com