The median home price rose 10.4% in Peoria in the 1st Quarter of 2008, compared to the first quarter of 2007, according to USA Today on May 14, 2008. Peoria metro had the second highest growth rate in the country, according to the article, which used data collected by the National Association of Realtors.
Nationally, the median home price fell 7.7% over the same period.
Thanks to all who helped make our economy so vibrant. Keep investing. Keep spending.
Now, if we could just get more mixed use development underway in the Heart of Peoria in the Warehouse District, Renaissance Park, and the Rivefront.
A great opportunity out there to start up the Heart of Peoria Development Corporation. Raise capital to make strategic investments in the City. Take advantage of the great Enterprise Zone, TIF, and historic tax credit incentives. Do well while doing good.
Calling all developers and would be developers. Please give me a call if you are interested in developing. Craig Hullinger AICP, Peoria Economic Development, 309 494 8639 hullingerc@gmail.com
Link to Market research report showing the demand for in city:
http://www.ci.peoria.il.us/economic-development-department
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