Last week, HomeGain, one of the first companies to provide free instant home valuations online, released the national and regional results of our fourth quarter home prices survey of nearly 1000 HomeGain current and former members. The survey asked their opinions on home values and what they thought of President Obama’s performance as President so far. On the HomeGain real estate blog we published the full survey results, including Realtor commentary and charts.  Also last week, we published the results of the fourth quarter Texas home prices, Florida home prices,  New York home prices, New Jersey home prices,  California home prices , Illinois home prices and Georgia  home prices survey results.

Earlier this week we released the Pennsylvania home prices, Colorado home prices the Arizona home prices , North Carolina home prices, the Virginia home prices and Massachusetts home prices survey results.

Today we are releasing the Washington home prices survey data.

Washington homeowners tempered their valuation expections from prior quarters. Indeed, 14% of Washington home owners believed that their homes were worth less than their Realtors recommended listing price.  In the third quarter Washingon home values survey 88% believed that their homes should be priced higher than their Realtors’ recommended listing price vs. 77% in the  second quarter Washington home values survey and vs. 69% in the current survey. (See question 2)

While  Washington home owners are tempering their home valuation expectations, a vast majority of  Washington home buyers believe that homes are over priced, with 72% holding such view. Only 7% of Washington home buyers now believe homes are fairly priced vs. 23% in the second quarter. Seventy-nine percent of Washington home buyers believed homes in their state were overpriced  in the third quarter vs. 70% who so believed so in the second quarter. (See question 3)

Fifty-five percent of Washington Realtors predict stabilizing home prices in the next six months vs. 46% of Washington Realtors who predicted price stabilization three months ago. Thirty-one percent of Washington Realtors in the current home values survey think that Washington home prices will decrease in the coming six months vs. 38% in the third quarter. (See question 6)

Sixty-four percent of Realtors in the Evergreen State approve of Obama’s performance as President vs. 42% nationally.

Set forth below is the first, second,  third and fourth quarter Washington home prices survey results with the national data in parenthesis:

1. Have home prices increased, decreased or stayed the same in the last year?
2. On average, what do homeowners believe that their home is worth?
3. How do buyers feel that homes for sale are priced?
4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
5. What is the average difference in price between what a home is listed at and what a home sells for?
6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
7. What percentage of homes for sale are foreclosures in your area?
8. What is the average home price in your area?
9. What percentage of your clients are first-time buyers?
10. How do you as a Realtor think Barack Obama is performing in his role as President?

Last Thursday, HomeGain, one of  the first companies to provide free instant home valuations online, released the national and regional results of our fourth quarter home prices survey of nearly 1000 HomeGain current and former members. The survey asked their opinions on home values and what they thought of President Obama’s performance as President so far. On the HomeGain real estate blog we published the full survey results, including Realtor commentary and charts.  Also last week, we published the results of the fourth quarter Texas home prices, Florida home prices,  New York home prices, New Jersey home prices,  California home prices , Illinois home prices and Georgia  home prices survey results.

Earlier this week we released the Pennsylvania home prices and Colorado home prices survey results.

Yesterday we released the Arizona home prices and Massachusetts home prices survey results.

Today we released the North Carolina home prices survey results.

We are also releasing the Virginia home prices survey results today.

Set forth below is the Virginia home prices survey data with the national data in parenthesis:

1. Have home prices increased, decreased or stayed the same in the last year?
2. On average, what do homeowners believe that their home is worth?
3. How do buyers feel that homes for sale are priced?
4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
5. What is the average difference in price between what a home is listed at and what a home sells for?
6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
7. What percentage of homes for sale are foreclosures in your area?
8. What is the average home price in your area?
9. What percentage of your clients are first-time buyers?
10. How do you as a Realtor think Barack Obama is performing in his role as President?

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