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Market Conditions in Peoria : Real Estate Advice

  • All158
  • Local Info8
  • Home Buying39
  • Home Selling4
  • Market Conditions3

Activity 12
Sat Sep 28, 2013
Lisa Miller answered:
I haven't heard anything. I will try to check into it for you. You are welcome to contact me so we can set up a way of communication in case I can find that information for you!!! And if you are interested in homes out there now, I can set you up on a Portal that will show you homes in the area for sale now.

-Lisa Miller
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Fri Jun 21, 2013
Ryan Brown answered:
Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sewer; Garbage Collection; Pest Control; Front Yard Maint; Street Maint
Assoc Rules/Info: Pets OK (See Rmrks); Rental OK (See Rmks); Prof Managed.

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Sun Feb 24, 2013
Jana Haren answered:
Hi Donald!

I found a few listings that might be of interest to you. Please contact me at (602) 882-5262. I'd be happy to help!
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Sat Feb 23, 2013
Peggy answered:
Rent it out. The RE in AZ is hot whether you sell or rent. I am not a Realtor but it got expensive so fast down here in central phx that I couldnt afford to buy a home in this area. So I bought a home in Peoria AZ. Rents in AZ are going through the keep it and flip it in say a year if you want the always!

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Sat Feb 23, 2013
Peggy answered:
I just bought a home in Peoria AZ. No I live in central phx area near the Biltmore.Homes in this area and surrounding areas are to expensive so I moved to Peoria. I am going to be needing a rental soon. Can you assist me with finding one. I want it to be either in Peoria or surrounding areas. I am looking for a good deal of course.
Thank you for responding to my email. Have a great weekend!

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Sun Oct 7, 2012
Michelle Spalding answered:
Homes are selling for sure, as long as they are priced fairly. Some sellers seem to be trying to take advantage of the low inventory and overpricing homes. When appraisals come in low they are hoping the buyers will come out of pocket for the difference. I always advise my clients not to start life in their new home under water! Its still a strange market with a combination of about 12% foreclosures, 29% short sales and very low inventory. ... more
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Fri Feb 10, 2012
Mrs. Holly Brink answered:
I would like the opportunity to try to earn your business. :-)

Holly K Huntimer, 623-451-8494
Property Manager with Real Living Property For You ( each office is independently owned and operated) ... more
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Sun Jun 5, 2011
Carl Ben Witzig answered:
How do you know the question is not about Peoria, Illinois? A river town half way between Chicago and St. Louis.
Rents are remarkably steady given more displaced home owners from the recession. But then landlords want financially good tenants and the downward pressure of the economy offsets the increased demand of more tenants with the need to rent instead of buy. Peoria AZ with 163 REO and 192 short-pre-foreclosure and 16 HUD owned out of 743 Active for sale makes for 50% distressed market. Since we have not been here before, what effect on rents is a good question. Instinct says, if you have a property to rent, don't be greedy. ... more
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Fri Apr 15, 2011
Carole Tyne answered:
You did not mention also the issues of where you currently live. If you are currently living in Quintero it may be difficult to get a renter due to location. Most of my buyers who need more space are able to buy with qualifing for both properties. Really the it is best to contact a good lender find out your financing options. Whomever told you to foreclose and you would be able to rebuy in 2 years in opinion is not correct. Usually after a foreclose on your credit it is 7 years. Yet again contact reputable lender. Suggest you contact a lawyer also to discuss options on foreclosure or short sale. ... more
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Wed Feb 23, 2011
Carole Tyne answered:
I work currently with a bank that has several foreclosure properties up in Quintero. Need more information on what you are asking. Are you looking to buy a property there or are you a home owner in foreclosure?? If you want you can send email to me privately If you are sending from out of the country my email for some reason recently took a day or so to get to me. You can all me also. ... more
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Wed Aug 19, 2009
Laura Canny answered:
I live in Vistancia so I know the market very well. As of today, there are 70 active listings & 76 homes have sold in the past 3 months. That means approximately 25.3 homes sell in the community per month. We have a very healthy market, with approximately 3.75 months of inventory. Westwing is also doing well. There are currently 30 active listings in the community. 50 homes have closed in the past 3 months. Approximately 16.7 homes sell in that community per month. Those homes are selling very fast as well, with only an average of 1.85 months of inventory. I haven't included statistics of the number of pending sales in either community, which is very high. Whichever community you decide on, now is a great time to make a move. The City of Peoria is working on the new Loop 303 interchange in the area. That project is due to be completed by Summer 2010. Once that is complete, property values will surely skyrocket. There are commercial developments in the works in Peoria & in Surprise, as well as all along the Loop 303. There will be new medical facilities going in nearby as well. And plans are in the works for the new, nearby Prasada Mall in Surprise. If you'd like more information, please feel free to contact me anytime! I wish you the best of luck with your decision. ... more
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Tue Jul 21, 2009
Lucinda Tkach answered:
Sam, I am finding values in the mid 150's and less that is looking at the tax role comps. It would be better if you received a more accurate analysis. Also if your trying to refinance the bank will have the final call on that with an appraisal.

Feel free to contact me anytime!

Lucinda Tkach
Windermere Central
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