real estate

Peoria luxury home market commanding higher prices

$2M mark a lot more common than it used to be

RE/MAX Fine Properties Realtors Jamie Wong and Melissa Dierks announced the listing of this residential property in Peoria they touted as the most expensive home in the city, at $5.9 million. Realtors say listings at this level will become more common.

Submitted photo

The luxury home market in Peoria is hitting a new level — the $2 million home is becoming much more common.

Last year, only seven homes sold for more than $2 million. As of the end of July, eight homes have closed above the $2 million mark, and there are four homes pending that are listed at more than $2 million.

So far, the top home sale this year was $5.25 million.

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