Last week, HomeGain, one of the first companies to provide free instant home valuations online, released the national results of our first quarter 2010 home prices survey of over 1400 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 broker and agent commentary and charts. Also last week, we published the results of the first quarter Texas home prices and California home prices survey results.
Today we are releasing the Florida home prices survey data.
The survey shows that 48% of homebuyers in the Sunshine state believe that home prices are either fairly priced or just 1-10% over priced vs. 46% who thought so in the fourth quarter 2009 Florida home prices survey and 42% who thought so in the third quarter 2009 Florida home prices survey.
In the current survey 22% of home buyers thought home prices were fairly valued vs 23% in the fourth quarter of 2009, vs. 24% who so believed in the third quarter, vs. 18% who so believed in the second quarter Florida home prices survey and vs. 15% who so believed in the first quarter Florida home prices survey. (See question 3)
Thirty-three percent of Florida real estate professionals surveyed in the first quarter believe that home prices in their state will decrease in the next six months vs. 34% who so believed in the fourth quarter, vs 34% in the third quarter, 46% in the second quarter and 64% in the first quarter. (see question 6)
President Obama continued to fare poorly with Florida’s agents and brokers with his disapproval rating coming in at 66% with 56% “strongly disapproving” vs. 65% disapproving in the fourth quarter, vs. a disapproval rating of 57% in the third quarter and 45% in the second quarter. (see question 10)
Set forth below is the first quarter 2010 and 2009 Florida home prices data with the national first quarter data: (click on each question to see complete results):
- Have home prices increased, decreased or stayed the same in the last year?
- On average, what do homeowners believe that their home is worth?
- How do buyers feel that homes for sale are priced?
- 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?
- What is the average difference in price between what a home is listed at and what a home sells for?
- In the next six months, will the values of homes in your market increase, decrease or stay the same?
- What percentage of homes for sale are foreclosures in your area?
- What is the average home price in your area?
- What percentage of your clients are first-time buyers?
- How do you think Barack Obama is performing in his role as President?
Question 2. On average, what do your homeowner clients believe that their home is worth?
Question 3. How do your home buyer clients feel that homes for sale are priced?
Question 4. What is the average difference in price between what sellers believe their home to be worth and the amount at which you eventually list the house?
Question 5. What is the average difference in price between what the home is listed at and what the home sells for?
Question 7. What percent of homes in your area are foreclosures?
Question 8. What is the average home price in your area?
* Dash denotes no related data
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HomeGain real estate home values survey results are based on responses of over 1,150 Realtors in the United States. State survey results for Q2 are available for the following states : California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices, Arizona home prices and North Carolina home prices,Virginia home prices survey , Massachusetts home prices survey ,Washington home prices survey,Colorado home prices survey
Third quarter survey data is available for California home values,