Aug 202013

Do green homes sell faster and for more?

Recent studies say that green homes increase in value and sell faster at higher prices.

The Appraisal Journal in 2008 states that every $1 decrease in energy costs results in a $10 to $25 increase in home values.

Green homes sales and values image – Florida Green Home BrokersGreen homes sales and values image – Florida Green Home Brokers

The Earth Advantage Institute released a report in 2009 showing green-certified homes in the have sold at a 3%-5% premium over conventionally built homes.

In addition, the study found that these homes on average sold 18 days faster than residences that weren’t green certified.

According to a 2012 NAR report, University of California researchers found that out of 1.6 million homes sales, green-certified, single-family homes sold for $34,800 more — or 9 percent more — than comparable non-green certified homes.

In a study covering existing and new houses sold from May 2010 through April of 2011, the Earth Advantage Institute, a nonprofit group based in Portland, Ore., found that newly constructed homes with third-party certifications for sustainability and energy efficiency sold for 8% more on average than noncertified homes and existing houses with certifications sold for 30% more.

Green homes sales and values image – Florida Green Home Brokers

Thank you for visiting. Please check out the rest of our BLOG and contact us for more information. We look forward to making Green Home living, your reality.

Marius Smook – Lic. Real Estate Eco-Broker, LEED AP (Homes), Cert. Energy Rater.

 August 20, 2013

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