HomeGain Releases 4th Qtr California Home Prices Survey Results

Posted by: Louis Cammarosano on December 10th, 2009

Earlier today HomeGainone of the first companies to provide free instant home valuations online, released the fourth quarter results of our nationwide survey of nearly 1000 HomeGain current and former Realtor members. 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 national and regional 4th Qtr results.

california-state-outline 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.

The 4th quarter California home prices survey data reflects some  changes from the 3rd quarter California home prices survey.  In the third quarter 34% of home buyers thought that homes in the Golden State were fairly valued vs. 25% who think so in the current survey. (see question 3) Forty-eight percent of California home buyers now believe that homes are over priced vs 45% in the third quarter and 65% in the second quarter.

In the fourth quarter survey an increasing percentage of California Realtors expect home prices to rise  with 41% of  California Realtors expecting home prices to rise in the next six months vs. 34% who thought home prices would rise in the third quarter suvey. In the second quarter survey 22% of California Realtors thought prices would rise  just 9% thought so in the first quarter survey. (see question 6)

Fifty-seven percent of California Realtors somewhat approve or strongly approve of Obama’s performance as President vs. 51% in the third quarter. This contrasts favorably to Obama’s 42% approval rating nationally in the fourth quarter. (see question 9)

In the second quarter survey 65% of California Realtors approved of Obama’s performance vs. 57% nationally.

Set forth below is the first, second and third quarter California home prices data with the national data in parenthesis: (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 as a Realtor think Barack Obama is performing in his role as President?

Question 1:


Q4CA/Q3CA/Q2CA/Q1CA compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)

Decreased: 64%/80%/85%/98% (77%/81%/84%/90%)

Increased: 23%/9%/4%/2% (7%/6%/3%/2%)

Stay the same: 13%/11%/10%/0% (15%/13%/12%/8%)

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

Q4CA/Q3CA/Q2CA/Q1CA compared to  (Q4NAT/Q3NAT/Q2NAT/Q1NAT)

10-20% higher: 38%/28%/35%/31% (40%/38%/35%/45%)

1-9% higher: 31%/26%/23%/* (28%/25%/24%/*)

At listing price you recommend: 12%/17%/10%/19% (9%/11%/10%/14%)

21-30% higher: 5%/5%/8%/16% (6%/8%/8%/14%)

10-20% less: 4%/5%/9%/6% (5%/5%/8%/10%)

More than 30% higher: 4%/3%/3%/* (2%/3%/2%/4%)

1-9% less: 3%/7%/9%/* (7%/7%/9%/*)

21-30% less: 2%/5%/2%/* (2%/2%/3%/*)

More than 30% less: 1%/4%/1%/* (1%/1%/2%/1%)

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

Q4CA/Q3CA/Q2CA/Q1CA compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)

Overpriced by less than 10%: 29%/26%/25%/17% (32%/30%/29%/21%)

Fairly priced: 25%/34%/18%/23%(21%/20%/19%/18%)

Overpriced by 10-20%: 17%/17%/35%/29% (28%/30%/30%/32%)

Underpriced by 10-20%: 10%/11%/10%/11% (7%/8%/8%/14%)

Underpriced by 21-30%: 6%/3%/1%/6% (3%/2%/1%/2%)

Underpriced by less than 10%: 9%/4%/4%/* (5%/5%/5%/5%)

Overpriced by 21%+: 2%/2%/4%/* (3%/4%/4%/10%)

Underpriced by 31%+: 2%/3%/2%/* (1%/1%/1%/2%)

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?


Less than 5-10%: 52%/39%/40% (48%/43%/43%)

Less than 11-20%: 22%/22%/ 25% (23%/24%/23%)

Greater than 5-10%: 8%/1%/16% (8%/9%/10%)

Little or no difference in price: 8%/19%/5% (9%/12%/8%)

Less than 21-30%: 7%/5%/1% (4%/4%/5%)

Greater than 21%: 2%/3%/3% (3%/3%/3%)

Greater than 11-20%: 1%/1%/8% (5%/5%/7%)

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

Q4CA/Q3CA/Q2CA compared to (Q4NAT/Q3NAT/Q2NAT)

Less than 5-10%: 51%/44%/ 54% (56%/54%/53%)

Less than 11-20%: 15%/18%/26% (23%/24%/27%)

Little or no difference in price: 15%/17%/4% (7%/8%/5%)

Greater than 5-10%: 11%/11%/9% (6%/5%/5%)

Greater than 11-20%: 4%/4%/4% (3%/4%/4%)

Greater than 21%: 3%/2%/1% (2%/2%/2%)

Less than 21-30%: 1%/4%/3% (3%/3%/4%)

Question 6:



Increase: 41%/34%/22%/9% (24%/23%/22%/11%)

Stay the same: 38%/38%/51%/23% (48%/46%/49%/36%)

Decrease: 21%/28%/27%/69% (28%/31%/29%/53%)

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


Less than 10%: 34%/22%/40%/25% (37%/36%/26%/37%)

10%-20%: 20%/17%/26%/15% (29%/27%/15%/26%)

21%-30%: 20%/20%/11%/19% (19%/17%/12%/16%)

31%-50%: 13%/23%/13%/28% (9%/13%/7%/15%)

51%-75%: 8%/11%/9%/8% (4%/5%/3%/5%)

75%: 5%/7%/1%/5% (2%/2%/3%/2%)

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


$301K-$500K: 40%/35%/30%/38% (18%/21%/20%/21%)

$151K-$300K: 23%/31%/56%/19% (55%/52%/56%/59%)

$501K-$800K: 25%/19%/4%/26% (6%/7%/5%/6%)

$801K+: 11%/10%/1%/8% (3%/2%/3%/2%)

Less than $150K: 1%/5%/9%/4% (18%/18%/16%/11%)

Question 9:


Q4CA compared to (Q4NAT)

1-10%: 17% (25%)
11-20%: 11% (14%)
21-30%: 11% (11%)
31-40%: 9% (9%)
41-50%: 13% (9%)
51%+: 24% (21%)
None: 15% (11%)

Question 10:


Q4CA/Q3CA/Q2CA compared to (Q4NAT/Q3NAT/Q2NAT)

Somewhat approve: 38%/21%/36% (26%/21%/31%)

Strongly disapprove: 26%/30%/21% (38%/40%/24%)

Strongly approve: 19%/30%/29% (18%/20%/26%)

Somewhat disapprove: 17%/18%/14% (18%/19%/19%)

* Data not available.

Try HomeGain’s Instant Home Values tool

California information:

Check California home prices on homegain.com:

Los Angeles home values

San Diego home values

San Jose home values

San Francisco home values

Long Beach home values

Fresno home values

Sacramento home values

Santa Ana home values

Santa Barbara home values

Anaheim home values

Bakersfield home values

Riverside home values

Stockton home values

Chula Vista home values

Fremont home values

Modesto home values

Irvine home values

Glendale home values

San Bernardino home values

Huntington Beach home values

Laguna Niguel home values

San Francisco homes for sale

San Francisco real estate

San diego homes for sale

San Diego real estate

View California homes for sale

See California real estate

Check California home prices

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

Join the San Francisco real estate market discussion on HomeGain Nation

Join the San Diego real estate market discussion on HomeGain Nation

HomeGain third quarter real estate home values survey results are based on responses of nearly 1,100 Realtors in the United States. State survey results for Q3 are available for the following states : Florida home values, Texas home values

Louis Cammarosano




Leave a Comment


For Real Estate Agents

Online Marekting Solutions

For Home Buyers and Sellers

e.g., 1250 S Main St, Burbank, CA or 91506
     Search Foreclosures    Search New Homes    Search Rentals    

Blog Categories

Blog Archives

Real Estate Blogs

Top Articles

Recent Comments

Guaranteed LeadsReferral Lead ProgramListings PackageVisits to your WebsiteFind REALTOR®Homes For SaleHome Values