HomeGain Releases 2nd Quarter 2010 Florida Home Prices Survey Results

Posted by: Louis Cammarosano on July 2nd, 2010

Earlier this week, HomeGain, one of the first companies to provide free online instant home valuations, released the second quarter results of our nationwide survey of over 900 HomeGain current and former members and 3500 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this real estate blog we published the 2nd quarter 2010 national results as well as the complete 2nd quarter 2010 regional results, including commentary from real estate agents and brokers.

Yesterday we released the second quarter 2010 California home prices survey results.

Today we are releasing the 2nd quarter 2010 Florida home prices survey data.florida-crocodile-sign

The survey shows that 55% of home buyers 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 first quarter 2010 Florida home prices survey and  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 22% in the first quarter of 2010, 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 2009 Florida home prices survey. (See question 3)

Forty -one percent of Florida real estate professionals surveyed in the second quarter believe that home prices in their state will decrease in the next six months vs. 33% who so believed in the first quarter of 2010, vs 34% who so believed in the fourth quarter of 2010, vs 34% in the third quarter of 2010 , 46% in the second quarter of 2010  and 64% in the first quarter. (see question 6)

Support for President Obama continued to deteriorate with 79% of surveyed  agents and brokers disapproving of his performance, with 62% “strongly disapproving”.  In the first quarter Obama’s disapproval rating among agents and brokers was 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.

The Presidents fared slightly better among surveyed Florida homeowners. Sixty-three percent of Florida homeowners disapproved of the President’s performance with 46% strongly disapproving. (see question 10)

Set forth below is the second quarter 2009 and 2010 Florida home prices data along with the national first quarter 2010 agent and broker and second quarter 2010 agents and broker and  homeowner data : (click on each question to see complete results):

  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 think Barack Obama is performing in his role as President?

Question 1:

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

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

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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?

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

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Question 6:

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

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

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Question 9:

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Question 10:

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* Dash denotes no related data

See National and Regional Survey Results

Try HomeGain’s Instant Home Values tool

View Florida homes for sale

Search Florida real estate

Find U.S. homes for sale and search U.S. real estate on homegain.com

Louis Cammarosano


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