Thursday, February 23, 2012

Biz Barometer

Average sales price of residential unit in the 61554 zip code in 2011 was $104,808 – down 4.7% from $109,941 in 2010
The number of residential units sold in the 61554 in 2011 was 427 – down 6.4% from 456 sold in 2010

2011 was the 5th consecutive year the number of residential units sold in the 61554 zip code was less than the previous year

Sales taxes collected by Pekin merchants in 2011 were up 1.0% over 2010

Sales taxes collected in 2011 in Morton (+6.7%), East Peoria (+7.0%), and Washington (+4.2%) were up over 2010 collections

East Peoria’s sales tax collections from September through December 2011 were up 16.5% over the same period in 2010

The unemployment rate in Pekin rose to 9.6% in December of 2011, up from 9.3% in November

The unemployment rate in Pekin dropped to 9.6% in December of 2011, down from 9.8% in December of 2010

The number of people employed in Pekin rose to 16,412 in December of 2011, up 1.6% or 266 jobs compared to December of 2010



Sources:  Peoria Area Association of REALTORS;

Illinois Department of Employment Security; Illinois Department of Revenue

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