The immediate snapshot of the real estate market in Peoria reveals that there are an astonishing number of 1,897 foreclosed homes and houses for sale in the coming weeks. These houses bear the median listed price of $199,000. There are also 1,030 other MLS and FSBO houses included among the property auctions scheduled to take place in the next few days. These carry the median asking price of a relatively higher $245,000. This proves that the homes at the foreclosure auctions in Peoria enjoy a discount of about 20 percent over the usual market prices. Additionally, the 19 new homes figuring among the imminent property auctions in Peoria command a substantially higher median price tag of $360,990. This highlights that the potential homebuyers ought to find the homes on sale at the foreclosure auctions to be at amazing reduced prices and hence, great bargains.
A Developing & Hospitable Locale
Peoria is a city located partly in Maricopa County and in Yavapai County in the US state of Arizona. Peoria is a prime suburb of Phoenix. Peoria is the fourth biggest city in Arizona, in terms of area, and is the ninth most populous city in the state. The city draws its name from the native Indian word for a prairie fire. The reputed Money Magazine had in July 2008 named Peoria among the Top 100 Places to Live in the US.
Maricopa County lies in the south-central region of Arizona. In terms of population, the county is the fourth most populous in the whole of the US, and its population exceeds that of as many as 24 US states. The county seat of Maricopa County is Phoenix, which is also the largest city and the capital of Arizona State.
A 2007 Forbes study has named four of Maricopa County’s cities among the leading ten fastest-developing cities in the entire US. These cities are Buckeye, Surprise, Goodyear and Avondale.
The cities located in the vicinity of Peoria include Glendale, Chandler, Scottsdale, El Mirage and Mesa. A few of the suburban towns of Peoria are Youngtown, Carefree, Paradise Valley, Fountain Hills and Queen Creek. Other communities located in proximity to the city are Tonopah, Sun Lakes, Liberty and Waddell.
Guidance for Real Estate Investments
Real estate investments generally involve huge amounts of money. It is obvious that you would want the best property deal for yourself, and also care to ensure that you don’t lose your valued home to a foreclosure in the future. The right property investments can only be enabled by an insightful knowledge of the events and trends in the real estate sector. You can acquire such latest information on and insights into the housing sector by regularly reading the newspapers. Moreover, you ought to gainfully surf the internet and utilize the ample resources available freely on the umpteen real estate websites there to your profit.
Property brokers serve as catalysts in the occurrence of property transactions. Johanna Gorr, Mike Wolfe, Walter Trace, Kathy Patino, Robert Beaver have established themselves as the prominent real estate agents active in Peoria. You ought to commence your home search with the hiring of an expert agent to represent your financial interests.