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.
The numbers are in and they are good again for those who are wise enough to price their homes sensibly. The average number of days on market for January ‘08 is 72. That is an 8.9% decrease from the the same time last year (79 days). The average price of a residential single family home is up 3.8% to the same time last year($137,989 vs. $132,886).The big gains go to the 3-4 bedrooms (+4.8%) and 5+ bedrooms (+9.25%). Pricing right and marketing well are still key factors in selling quickly and profitably as always, but as you can see the market in the Peoria area is far from the doom and gloom predictions of the national media. Real estate is local, consult your local Realtor, not the national news before determining your local market conditions. Statistics for: Class=MULTI AND Date Range=1/2008-1/2008; As Of: 2/23/2008. Statistics for: Class=MULTI AND Date Range=1/2007-1/2007; As Of: 2/23/2008
Contrary to what the national and local media may want to tell you, the Central Illinois real estate market is not all bad news. Although there was a drop in 2007 of the number of homes sold -5.12% to 2006, the rest of the news is pretty darn good. Homes only spent an average of 4 more days on market in 2007 than in 2006 (67 vs. 63). The average price of a home rose again in 2007, +2.71% to 2006. There were significant price increases in the 2 bedroom or less (+5.66%) and the 5+ bedroom (+6.61%) homes. All of these numbers indicate to me the market is still strong if your home is priced right. This is not the market you want to go "fishing' for a price in. Price your home properly, market it well, allow buyers access, and you will sell. Remember real estate is very local, the national numbers you hear on the news may have very little to do with your local market. Always consult your local Realtor for the numbers in your market.
Statistics for: Class=RE AND Date Range=1/2007-12/2007; As Of: 1/21/2008,Statistics for: Class=RE AND Date Range=1/2006-12/2006; As Of: 1/21/2008
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I'm a full service e-Pro REALTOR serving the Pekin / Peoria Area. Whether you're buying or selling a home in Pekin, Dunlap, East Peoria, Metamora & Germantown Hills, Morton, Peoria, or Washington.
There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.
That said, in my experience as a Pekin real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.
This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients.
So when you decide that you'd like to buy or sell a home in the Peoria & Surrounding areas, please contact me.
I specialize in first time buyers and relocation.
Jana and I recently accomplished a corporate relocation from Denver, CO to the Peoria, IL area. We conducted online research as to homes and realtors that represented the Peoria and surrounding communities. Jim's web site, coupled with the Maloof Realtor site provides the best home information data backed by visual media that made the home search easy by focusing on a few key potential properties that met our expectations.
Jim coordinated our visit to Peoria to ensure that the limited visitation time was utilized by setting home viewing appointments, meetings with financial and mortgage representatives, and completing required paperwork while we were in Peoria. Jim's punctuality and preparedness eliminated any lost time providing further evidence that our selection of Jim and the Maloof Realtor firm was a correct one. Further evidence of Jim's professional service commitment was during the first day of home visits; Peoria was hit by a snow storm of nearly 6 inches, yet Jim conducted us to all the home visits without occurrence while ensuring our ability to return to selected homes for follow up and walk through.
Meanwhile, upon our return to Denver, CO, Jim conducted much of the leg work and follow up on the home status and closing process ensuring a smooth transaction. Upon, closing day, the procedure was seamless and simple with my wife and I taking possession of our new home. Jim's professionalism and committed to clients did not end there; he has followed up with additional information concerning the local area such as shopping, restaurants, Doctors, Vet's, etc. We can say that through our years of numerous corporate relocations, this experience with Jim has been the best we have had. Jim sure makes life easier.
Darrell and Jana C. - Dunlap
I was satisfied with the service provided. Jim was patient enough to help me find the right house, even
though it sometimes meant traveling long distances, going to areas he hadn't been to before, and resulted in several months of looking at houses. While looking at houses, Jim would point out flaws in the house we might have otherwise overlooked. Despite several opportunities to make a quick buck, Jim instead offered his opinion on houses he felt uncomfortable with while I was considering these houses, typically due to the potential of the house being a money pit. If I choose to sell and/or buy a house later, I will again use Jim, and suggest him to friends and family that later decide to sell and/or buy a house.
David C. - Peoria
We recently relocated to the Washington, IL area and were very unfamiliar with the towns, schools and businesses. I contacted two realtors on line-one of them being Jim Sikes, and immediately knew I wanted to work with him.
Jim always responded to my many questions when searching for a home and was the one that first suggested we look at some homes in Washington. He was so patient and professional with our home search and provided very useful information about the cities and schools, which was a concern for us.
I know we will someday need another realtor and Jim will be the one we use for our home.
Kerry and Barry O. - Washington
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