Do Green Homes Fetch Higher Sales Prices?
April 23, 2014
The median sales price of homes with green, eco-friendly features is $47,600 higher than for homes without any green features, according to a new analysis by the real estate brokerage, Redfin.
Green features include solar panels, low-flow faucets, dual-pane windows, energy-efficient appliances, strong environmental ratings, and certifications from programs such as Energy Star or LEED.
“All of these features reduce your home’s impact on the environment,” says Julie Jacobson, a Redfin real estate professional in Los Angeles. “Going green also means saving money on monthly bills, especially when you take advantage of the various rebates and tax incentives available; it can really be a win-win.”
So where can you find the highest concentration of homes with green features? Redfin ranked neighborhoods based on the share of its “green” listings to overall listings in neighborhoods across the country over the past two years.
The following 10 neighborhoods boasted the largest number of green homes, according to its analysis:
- Valley View in Chicago, Ill.: 39% (Percentage of listings with green features)
- Mueller/RMMA in Austin, Texas: 39%
- Carpenter Village in Raleigh, N.C.: 37%
- Downtown Bellevue in Seattle: 36%
- Downtown Denver in Denver: 32%
- Downtown Woodstock in Atlanta, Ga.: 31%
- Galindo in Austin, Texas: 30%
- Columbia City in Seattle: 30%
- Overlook in Portland, Ore.: 26%
- Briar Chapel in Raleigh, N.C.: 26%
Updated: September 21, 2018