According to a poll published by Zillow, 51% of homeowners believe that the value of their property (s) fell last year, while 49% believe that their value has either stayed the same or increased. According to third-quarter market reports 78% of homes in ths U.S. have lost value through the first three quarters of 2008. I am seeing in this region home values still on the decline depending on what neighborhood you live in. Everytime there is a "distressed sale" (foreclosure, short sale, bank owned property) your value will decline as these homes are sold a lower value. If you are in a neighborhood with a large amount of distressed sales you will see your value decline faster. By the year end of 2009 we should see the majority of distressed home sales filter through the market with the beginning of 2010  being the start of a more stable market.

If you are interested in what your value  is in this market,  I will do a Comparative Market Analysis for you. Call me at 425-876-8112.