Current News

PAAR Holiday Party & PAAR CARES Reverse Raffle

12/19/2023 12:53 PM

December 14, 2023. The Paradice Hotel was the location of the PAAR Holiday Party & PAAR CARES reverse raffle. The PAAR Power Partners provided complimentary beverages and a cozy winter wonderland which set the stage for the raffle. The raffle helps PAAR CARES reach their annual $30,000 goal. PAAR CARES reaches 32 local food pantries every year!

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Walking in a Winter Wonderland

10/30/2023 11:36 AM

The Holiday Party & Reverse Raffle Event "Walking in a Winter Wonderland" promises to be tons of fun! Sign up to attend the event for $40 or buy a ticket to the reverse raffle $100, which includes a chance at winning the grand prize with loads of other drawings throughout the evening! Both include food and complimentary beverages! Proceeds benefit the PAAR CARES Foundation.

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Illinois Diversity Real Estate Scholarship Program

6/20/2023 12:11 PM

The Illinois Real Estate Educational Foundation (REEF) administers the Illinois Diversity Real Estate Scholarship Program in partnership with the State of Illinois, which allows us to award 60 scholarships each year to qualified racial residents of Illinois pursuing courses of study that will prepare them for careers relating to real estate or enhance the skills and knowledge that they currently use as real estate professionals. There are 10 scholarships to give away by June 30th!

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Habitat for Humanity

6/12/2023 7:05 AM

PAAR Secretary/Treasurer, Keith McKeever, along with PAAR members Tim Weir and Chad Dunham, and a few core Habitat volunteers, came together to do some serious demo work and to kick off the first Habitat rehab house at 114 Mabee Avenue in East Peoria! Way to go!

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Local REALTOR® of the Year

5/4/2023 7:23 AM

Ryan Cannon of Re/Max Traders Unlimited, who was recently named REALTOR® of the Year by PAAR, received special recognition during a state banquet in April. Pictured here are Ryan Cannon, left and IR President Michael Gobber, right.

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REDEVELOPING THE MCKINLEY AND HARRISON SCHOOL PROPERTIES TO ENHANCE PEORIA

3/13/2023 8:33 AM

REDEVELOPING THE MCKINLEY AND HARRISON SCHOOL PROPERTIES TO ENHANCE PEORIA PUBLIC-PRIVATE PARTNERSHIP NEEDED NOW PEORIA, Ill. — Redevelopment of the old McKinley and Harrison school sites in the next five years could bolster the city of Peoria – if both the public and private sectors join forces and make it a priority right now, according to a new report coordinated by the Peoria Area Association of REALTORS® (PAAR).

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Peoria-area home sales down 15.2 % in 3Q compared to last year

10/26/2022 10:41 AM

Oct. 26, 2022 PEORIA, IL— Despite rising interest rates and lack of inventory, 3Q is third best ever in PAAR history. Amidst a period of rising interest rates and a lack of inventory, the Peoria Area Association of REALTORS® posted the third highest number of home sales in a third quarter, topped only by record sales in the period over the previous two years.

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Average sales price for the Peoria region was $168,433 in Quarter 2, up from $154,338 over the same period in 2021

7/28/2022 10:06 AM

July 21, 2022 PEORIA, IL- The lack of homes on the market in the Peoria area remains the single biggest factor in the 15.2 percent decline in home sales for the second quarter over the same period in 2021, according to the Peoria Area Association of REALTORS®.

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Peoria Area Association of REALTORS® announces Leadership Academy Class of ’22-’23

7/11/2022 7:48 AM

Seventeen PAAR REALTORS® have been selected to participate in this year’s Leadership Academy program. We are thrilled to bring the Academy back this year and it’s going to be better than ever!

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Peoria Area Association of REALTORS® to Assist the City of Peoria

6/15/2022 12:31 PM

Peoria, IL (June 15, 2022) – The Peoria Area Association of REALTORS® (PAAR) has been selected as one of three local REALTOR® associations nationwide to participate in the National Association of REALTORS®’ (NAR) Transforming Neighborhoods Program. Through Transforming Neighborhoods, NAR collaborates with The Counselors of Real Estate® (CRE®) Consulting Corps to provide analysis, plans, and actionable recommendations to solve today’s top-of-mind real estate issues.

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Downpayment Assistance Program Announced!

5/25/2022 9:24 AM

PAAR is excited to announce the launch of the Down Payment Assistance Program grant made available through the City of Peoria. PAAR collaborated with our Affiliate Lenders and the Community Development department / Land Bank to work out the logistics of the release and application process for this grant.

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Updated Residential Real Property Disclosure Act

5/18/2022 8:23 AM

Illinois REALTORS® was able to work with the Illinois Real Estate Lawyers Association on this agreed bill that the governor signed very quickly. As the guidance document explains, there are not many substantive changes, but the Act has been made more current and clarifies some common questions. The new report should be used in lieu of the former version, effective immediately.

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Record Low Inventory in Q1

4/19/2022 11:00 AM

April 18, 2022 PEORIA, IL Inventory of homes on market drops to a record low level ... The inventory of homes on the market in the Peoria-area reached a record breaking low in the first quarter this year as sales decreased 12.2% compared to the first quarter of 2021.

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Greater Peoria 2030 Initiative

3/21/2022 1:44 PM

PAAR is excited to announce its partnership with various local organizations to better the Greater Peoria Area by 2030. Central Illinois is a special place to live, work and grow though greater affordability and connectivity that translates into a better overall quality of life for all. Greater Peoria 2030 has three life cycles: short term, 5-year and 10-year components. This initial campaign will focus on the short-term and 5-year cycles of the project.

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PAAR Welcomes New Members!

3/15/2022 2:53 PM

Please help us welcome PAAR's new members for February!

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2021 Topped the Billion-Dollar Mark Making History for the First Time!

1/18/2022 7:09 AM

January 13, 2022 PEORIA, IL- The year 2021 was another record-breaking year for home sales in the Peoria area. The Peoria Area Association of REALTORS® reported that 7,634 homes were sold in the Peoria area last year, topping the 2020 total of 6,798 homes sold.

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$6,000 Raised for 8th Annual Boots for Kids Campaign

12/22/2021 11:24 AM

December 21, 2021- Macomb, Illinois. Lamoine Valley REALTORS®, Chapter of the Peoria Area Association of REALTORS® held its 8th Annual Boots for Kids campaign throughout the months of November and December.

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Nancy Koch Scholarship & GRI Designation

11/8/2021 9:22 AM

The PAAR CARES Foundation is accepting applications for those interested in earning the Graduate REALTOR® Institute Designation through the Nancy Koch Scholarship.

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Peoria-area Home Sales Up 14 Percent in 2021!

10/19/2021 12:47 PM

October 15, 2021- PEORIA, IL. Home sales in the Peoria area are up 14.4 percent through the first nine months on 2021 over the same period last year, according to the Peoria Area Association of REALTORS®.

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Chili 'Koch' Off to benefit the Nancy Koch Scholarship

10/13/2021 8:14 AM

Chili 'Koch' Off to benefit the Nancy Koch Scholarship on October 20th!

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