HomeGain Releases Florida Home Values Survey Data

Posted by: Louis Cammarosano on March 13th, 2009

Earlier this week HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former members. The survey asked their opinions on home prices and the impact of the Obama stimulus package. On this real estate blog we published the national and regional results.

The HomeGain member survey received national coverage and the results were noted in US News, Dallas Morning News, Boston Globe, Crane’s Investment News, Sellsius, Dallas Magazine, Orange County Register, RIS Media, Philadelphia Daily News, the Sarasota Herald Tribune, AOL’s Wallet Pop, St. Petersburg Times, the Boston Real Estate Blog, Real Trends, Realtor Magazine, Inman News, Transparent Real Estate, Agent Genius and other blogs.

Today we are releasing the Florida home values survey data. In the past few days we published the Texas, California and Illinois survey data. Later this week we will release the New York survey data.

The Florida survey data reflects a very troubled market. ALL of the 70+ Florida survey respondents believed that their clients’ homes had decreased in value during the past year.

According to the survey, nearly 20% of Realtors report that 50-75% of homes in their markets are foreclosures with just 5% reporting that level nationwide.

The Florida data also shows a higher than national average skepticism regarding the Obama stimulus package. Sixty-six percent of Florida Realtors believe that the package will have no impact or cause home prices to drop further vs. 58% nationwide.

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

Florida (National)

1. On average, in the last year do you think your homeowner clients home values have:

Decreased: 100% (90%)

Increased: 0% (2%)

Stayed the same: 0% (8%)

2. On average, what do your homeowner clients believe that their home is worth?

At listing price you recommend: 5% (14%)

10-20% higher: 35% (45%)

20-30% higher: 19% (14%)

More than 30% higher 16% ( 4%)

10% less: 9% (12%)

11-25% less: 5% (8%)

26-50% less 7%  (4%)

3. How do your homebuyer clients feel that homes are priced?

Fairly Priced: 15% (18%)

Overpriced by less than 10%: 14% (21%)

Overpriced by 10-20%: 35% (32%)

Overpriced by 21+%: 12% (6%)

Underpriced by 10-20%: 14% (14%)

Underpriced by 21-30%: 4% (4%)

4. In the next six months, do you think the values of homes in your market will:

Decrease: 64% (53%)

Increase: 8% (11%)

Stay the same: 28% (36%)

5. What percent of homes for sale in your area are foreclosures?

10-20%: 7% (26%)

21-30%: 27% (16%)

31-40%: 20% (10%)

41-50%: 11% (5%)

50-75%: 18% (5%)

75%+: 1%  (2%)

Less than 10%: 16% (35%)

6. What is the average home price in your area?

$151k-$200k: 27% (24%)

$201k-$250k: 30% (21%)

$251k-$300k: 12% (14%)

$301k-$350k: 8% (8%)

$351-$400k:  0% (7%)

$401k-$450k: 0% (3%)

$451k-$500k: 3% (3%)

$501k-$550k: 0% (2%)

$551-$600k: 0%  (1%)

$601-$650k: 0% (1%)

$651-$700k: 0% (1%)

$701-$750k: 0% (0%)

$751-$800k: 3% (1%)

$801k-$850k: 0% (1%)

$851k-$900k: 0% (1%)

$901+  0%    (1%)

Less than $150k  18% (11%)

7. In your opinion, what impact will the Obama Stimulus package have on home values in 2009?

Decrease 11% (13%)

Increase 7% (4%)

STABLIZE 27% (38%)

No impact 55% (45%)

See National and Regional Survey Results

Try HomeGain’s Instant Home Values tool

Florida home prices:

Jacksonville home prices

Miami home prices

January 15, 2009 -Miami home prices down 22% year over year – Data Quick

Miami Beach home prices

Tampa home prices

March 31, 2009  Tampa home prices drop 23% in January 2009 year over year and 4.4% between December 2008 and January 2009 – ABC Action News

Saint Petersburg home prices

Orlando home prices

April 14, 2009 – Orlando home prices drop 37.73% in March 2009 vs March 2008 but home sales soar. - The Real Estate Channel

Hialeah home prices

Fort Lauderdale home prices

Tallahassee home prices

Melbourne home prices

Cape Coral home prices

Port Saint Lucie home prices

Merritt Island home prices

Brandon home prices

Clearwater home prices

Coral Springs home prices

Kendall home prices

Lakeland home prices

Palm Bay home prices

Gainesville home prices

Sunrise home prices

View Florida homes for sale

Search Florida real estate

Find U.S. homes for sale and search U.S. real estate

Join a Sarasota Real Estate discussion on HomeGain Nation

Join a Cape Coral Real Estate Discussion  on HomeGain Nation

Join a Tampa Real Estate Discussion on HomeGain Nation

Louis Cammarosano




One Response on “HomeGain Releases Florida Home Values Survey Data”


Interesting… I might try some of this on my blog, too. It’s quite interesting how you sometimes stop being innovative and just go for an accepted solution without actually trying to improve it… you make a couple of good points..

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