Fifty percent of California real estate professionals expect home prices to decrease in the coming six months; just 15% expect home values to rise.
HomeGain, one of the first companies to provide free instant home valuations online, released the results of our third quarter 2011 nationwide home values survey of over 500 HomeGain current and former members and more than 2,200 home owners. The survey asked their opinions on home prices, what they thought of President Obama’s performance as President, and who they would vote for if the Presidential election were to take place today. On this real estate blog we published the 3rd quarter 2011 national results as well as the complete 3rd quarter 2011 regional results, including commentary from real estate agents and brokers.
Today we are releasing the California home values survey data. In the coming days we will be releasing home values survey data from Texas, Florida, Illinois, New York, New Jersey, Arizona, Virginia, North Carolina, Colorado, Georgia, Nevada, Pennsylvania, Massachusetts and other states.
Set forth below is the third quarter 2011 real estate professional and home owner California home prices survey data along with the second quarter 2011 real estate professional survey data and the third quarter 2010 national home prices survey 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?
- If the Presidential election were today, who would you select for 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 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?