HomeGain Releases 2nd Qtr Colorado Home Prices Survey

Posted by: Louis Cammarosano on May 26th, 2009

Last week, HomeGain, the first web site to provide free online instant home valuations, released the national and regional results of our survey of 1,150 former and current HomeGain members. We asked their opinions on home prices and of President Obama’s performance as President. On this blog we published the national and regional 2nd Qtr results.

In the past two weeks we published the results of the 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 pricesNorth Carolina home pricesVirginia home pricesWashington home prices, and Massachusetts home prices surveys.

Today we release the Colorado home prices survey results.

Set forth below are the Colorado home values survey results with the national data in parenthesis:

 

 

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

Q2CO/Q1CO (Q2NAT/Q1NAT)

Decreased: 74%/63% (84%/90%)

Increased: 5%/0% (3%/2%)

Stay the same: 5%/38% (12%/8%)

 

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

Q2CO/Q1CO (Q2NAT/Q1NAT)

10-20% higher: 32%/25% (35%/45%)

10-20% less: 5%/13% (8%/10%)

1-9% higher: 5%/* (24%/*)

1-9% less: 16%/* (9%/*)

21-30% higher: 0%/0% (8%/14%)

21-30% less: 5%/* (3%/*)

At listing price you recommend: 16%/63% (10%/14%)

More than 30% higher: 5%/0% (2%/4%)

More than 30% less: 0%/* (2%/1%)

 

3. How do your home buyer clients feel that homes for sale are priced?

Q2CO/Q1CO (Q2NAT/Q1NAT)

Fairly priced: 11%/13% (19%/18%)

Overpriced by 10-20%: 16%/13% (30%/32%)

Overpriced by 21%+: 0%/0% (4%/10%)

Overpriced by less than 10%: 42%/63% (29%/21%)

Underpriced by 10-20%: 5%/0% (8%/14%)

Underpriced by 21-30%: 11%/0% (1%/2%)

Underpriced by 31%+: 0%/0% (1%/2%)

Underpriced by less than 10%: 0%/13% (5%/5%)

 

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?

Q2CO (Q2NAT)

Greater than 11-20%: 5% (7%)

Greater than 21%: 5% (3%)

Greater than 5-10%: 11% (10%)

Less than 11-20%: 26% (23%)

Less than 21-30%: 5% (5%)

Less than 5-10%: 16% (43%)

Little or no difference in price: 16% (8%)

 

5. What is the average difference in price between what the home is listed at and what the home sells for?

Q2CO (Q2NAT)

Greater than 11-20%: 5% (4%)

Greater than 21%: 5% (2%)

Greater than 5-10%: 5% (5%)

Less than 11-20%:

 

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

Q2CO (Q2NAT)

Decrease: 26% (29%)

Stay the Same: 58% (49%)

 

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

Q2CO (Q2NAT)

10-20%: 16% (26%)

21-30%: 11% (15%)

31-50%: 16% (12%)

51-75%: 5% (7%)

Less than 10%: 37% (37%)

 

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

Q2CO (Q2NAT)

$151k-$300k: 32% (56%)

$301k-$500k: 26% (20%)

$501-$800k: 11% (5%)

$801k+: 0% (3%)

Less than $150k: 16% (16%)

 

9. In your opinion, what impact has the Obama Stimulus package had or will have on home values this year?

Q2CO (Q2NAT)

Decreased home prices: 11% (8%)

Increased home prices: 5% (3%)

No impact: 47% (55%)

Stabilized home prices: 21% (34%)

 

10. How do you think Barack Obama is performing in his role as President?

Q2CO (Q2NAT)

Somewhat approve: 32% (31%)

Strongly approve: 16% (26%)

Somewhat disapprove: 16% (17%)

Strongly disapprove: 16% (24%)

 

See National and Regional Survey Results

Try HomeGain’s Instant Home Prices Tool

Check Home Prices in Colorado cities:

 

Denver home prices

Colorado Springs home prices

Aurora home prices

Lakewood home prices

Fort Collins home prices

Arvada home prices

Pueblo home prices

Westminster home prices

Boulder home prices

Thornton home prices

Greeley home prices

Longmont home prices

Highlands Ranch home prices

Loveland home prices

Parker home prices

Find Denver homes for sale

Search Denver real estate

Find Colorado Springs homes for sale

Search Colorado Springs real estate

Find Colorado homes for sale

Search Colorado real estate

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

 

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 :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: Texas home prices survey, Florida home prices survey, California home prices survey, New York home prices survey, New Jersey home prices surveyGeorgia home prices survey,  Arizona home prices survey,  North Carolina home prices survey, Virginia home prices survey , Massachusetts home prices survey ,Washington home prices survey

Louis Cammarosano

homegain.com 

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