Posts Tagged ‘ Georgia home prices ’

HomeGain Releases 4th Quarter Georgia Home Prices Survey Results

Last Thursday, HomeGain, one of the first companies to provide free instant home valuations online, released the national and regional results of our fourth quarter home prices survey of nearly 1000 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 Realtor commentary and charts.  Also last week, we published the results of the fourth quarter Texas home prices, Florida home pricesNew York home prices, New Jersey home pricesCalifornia home prices and Illinois home prices survey results.

Today we release the result of the fourth quarter Georgia home prices survey.

In the first quarter Georgia home values survey, Realtors expressed the belief that home buyers thought homes were over valued. In the second quarter Georgia home prices survey not much changed with just 8% of Georgia home buyers believing that homes were fairly priced (vs.5% in the first quarter survey). In the third quarter survey Georgia home buyers believed that homes in their state were over valued with just 5% saying that homes were fairly priced and 36% saying homes were overpriced by 10-20%. Little has changed in the current survey with 7% saying that homes are fairly priced and 35% saying homes are overpriced by 10-20%. (see question 3)

Georgia home sellers increased their beliefs that their homes are worth more than their Realtors are telling them. Just 5% of Georgia home owners agreed with their Realtors’ recommended listing price. Forty-eight percent of Georgia homeowners believe their homes should be priced 10-20% higher than their Realtors’ recommended listing price, up from 39% in the third quarter. (see question 2)

Not surprising, 84% of homes in Georgia, according to Realtors surveyed, sell  below the listings price. (see question 5)

In the third quarter 32% of Georgia Realtors expected home values to decline in the next six months. In the second quarter 27% of Georgia Realtors believed home prices would fall in the next six months.  In the current survey 30% of Georgia Realtors expect continued home price decreases while 54% expect prices to remain the same and 16% expect prices to increase. (see question 6)

In the second quarter, fifty-eight percent of Georgia Realtors somewhat approved or strongly approved of Obama’s performance as President. In the third quarter the President’s approval rating in the Peach State fell to 30%. In the current survey 53% disapprove of the President’s performance with 42% strongly disapproving. (see question 10)

Set forth below is the first, second,  third quarter and fourth Georgia 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?

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Posted by: Louis Cammarosano on December 17th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Regional

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HomeGain Releases 3rd Qtr Georgia Home Prices Survey

Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of 1,084 HomeGain members. We asked their opinions on home prices and of  Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices , Florida home prices surveys. Yesterday  we published the Massachusettes home prices survey data, the  New York home prices surveydata, the New Jersey home prices survey data, the North Carolina home prices survey, and the Illinois home prices survey data.

Today we release the result of the Georgia home prices survey.

In the first quarter Georgia home values survey, Realtors expressed the belief that home buyers thought homes were over valued. In the second quarter Georgia home prices survey not much changed with just 8% of Georgia home buyers believing that homes were fairly priced (vs.5% in the first quarter survey).

In the current survey Georgia home buyers continue to believe that homes in their state are over valued with just 5% saying that homes were fairly priced and 36% saying homes were overpriced by 10-20%. (see question 3)

Georgia home sellers continue to believe their homes are worth more than their Realtors are telling them. Just 5% of Georgia home owners agreed with their Realtors’ recommended listing price. Thirty-nine percent of Georgia homeowners believe their homes should be priced 10-20% higher than their Realtors’ recommended listing price. (see question 2)

Not surprising, 79% of homes in Georgia, according to Realtors surveyed, sell for 5-20% less than the listing price. (see question 5)

Three months ago 42% of Georgia Realtors expected home values to decline in the next six months. In the second quarter 27% of Georgia Realtors believed home prices would fall in the next six months.  In the current survey 32% of Georgia Realtors expect continued home price decreases while 45% expect prices to remain the same and 25% expect prices to increase. (see question 6)

In the second quarter, fifty-eight percent of Georgia Realtors somewhat approved or strongly approved of Obama’s performance as President. The President’s approval rating in the Peach State fell to 30% in the current survey. (see question 9)

Set forth below is the first, second, and third quarter Georgia home prices data with the national data in parenthesis:

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Posted by: Louis Cammarosano on August 27th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data

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HomeGain Releases 2nd Qtr Georgia Home Prices Survey Data

Last week, HomeGain, the first web site to provide free online instant home valuationsreleased the national and regional results of our survey of 1150 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.  

This week 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 and  Arizona home prices prices surveys.

Today we release the result of the Georgia home prices survey.

In the first quarter Georgia home values survey, Realtors expressed the belief that home buyers thought homes were over valued. In the current survey not much has changed with just 8% of Georgia home buyers believing that homes are fairly priced (vs.5% in the frst quater survey). According to Georgia Realtors, thirty-two percent of Georgia home buyers believe that home prices are over priced by 10-20%, the same percentage of home buyers that believed the same in the first quarter. (see question 3)

Georgia home sellers tempered their valuation expectations slightly in the second quarter with 39% believing that their homes were worth 10-20% more than their Realtors’ recommended listing prices vs. 45% who believed so in the first quarter. In the current survey only 8% of Georgia home owners believed that their homes were worth 21-30% more than their Realtors’ recommended listing prices vs. 16% who believed so in the first quarter. (see question 2)

Three months ago 42% of Georgia Realtors expected home values to decline in the next six months. In the current survey 27% of Georgia Realtors believe home prices will fall in the next six months. Twenty-seven percent of Geogia Realtors in the current survey expect home prices to increase in the next six month vs. 16% who believed so in the first quarter. (see question 6)

Fifty-eight percent of Georgia Realtors somewhat approve or strongly approve of Obama’s performance as President.

Set forth below is the Georgia home prices data with the national data in parenthesis:

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Posted by: Louis Cammarosano on May 23rd, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases Georgia Home Prices Survey Data

Earlier this month, HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former Realtor members. The survey asked their opinions on home prices and the impact of the Obama stimulus package.  On this real estate blog we published the national and regional results.

The HomeGain member home values survey received national coverage and the results were noted in US News, Dallas Morning News, Boston Globe, Crane’s Investment News, Sellsius, Dallas Magazine, Orange County Register, RIS Media, Philadelphia Daily News, the Sarasota Herald Tribune, AOL’s Wallet Pop, St. Petersburg Times, Boston Real Estate BlogReal Trends, Realtor Magazine, Inman News,Transparent Real Estate , Agent Genius and other blogs.

Today we are releasing the Georgia home prices survey data. In the past few weeks we published the New YorkTexasCalifornia ,Illinois and Florida data.

The Georgia Realtor home prices survey indicates that only 5% of home buyers think that homes are fairly priced vs. 18% of home buyers nationally. Thirty two percent of Georgia home buyers think that homes are overpriced by 10-20%, the same as the national average.

Conversely, 45% of Georgia home sellers, as do home sellers nationwide, believe that Realtors under valued their homes by 10-20%.

Set forth below is the Georgia home prices data with the national data in parenthesis:

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Posted by: Louis Cammarosano on March 30th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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