Consumer demand in real estate continues to trend eco-friendly, according to a new report from the National Association of Realtors

Nearly 60 percent of agents surveyed said that their clients were very or somewhat interested in sustainability. Seven in 10 residential and commercial agents and brokers reported that promoting energy efficiency in listings is either somewhat or very valuable.

A new Zillow analysis shows homes with solar-energy systems sold for 4.1 percent more on average than others nationwide in the past year. The sale premium varies by market — 5.4 percent in New York, 4.4 percent in San Francisco and 3.6 percent in Los Angeles, for example.

“Energy conservation isn’t only good for the environment, it can also translate into big savings on electricity bills as well as help to reduce the strain on the electrical grid,” said Zillow senior economist Sarah Mikhitarian. “Homes with solar-energy systems often sell for more than comparable homes without solar power. This premium is largely reflective of the future energy cost savings associated with the system.”

Read the entire article on Real Estate Weekly

Views: 282

Reply to This

Replies to This Discussion

So true Diane!  I just sold a Pearl Gold Certified home yesterday and it did appraise at full contract price.  Following the guidelines in order to get value for these homes is a requirement for this to happen.  Thanks to educating appraisers, Sandy Adomatis has been our hero in helping these homes gain value!  

This week I'm hoping (2nd showing) that my LEED Platinum listing goes under contract to a set of buyers who also appreciate the extra care and work involved in LEED Certified homes.  It takes the right agent to understand the homes' features so that the public is aware of the benefits included!  After all, when a home has spray foam in the walls and ceiling, no one would know unless that feature was shared!

Informed marketing is an early key in selling anything more than a basic energy efficiency package. Increasingly, real estate agents/brokers are becoming educated and, hopefully, the local multiple listing service and appraisers recognize the value issues and allow sales value increases that lenders will accept and underwrite. Statement of the obvious - All that just to say this transaction is so much more than just a dialog between agent and buyer.  

I totally agree with all the points as it is true that one can go for a home which reduce their energy bill.

You are very correct! Everybody demands a good environment and a sustainable home and for that I had to remodel the main parts of my home like kitchen and bathroom. I also expanded the rooms and made a gallery space and added greenery to that. Now, that the project is done by the San Jose Adu, I am thinking of spending more time here and then quote my home by the contractors



Latest Activity

Robin Henry posted a discussion

Most current can light air sealing best practices?

I haven't had to airseal any can lights in several years. I have a client who has many can lights…See More
Building Performance Association posted a blog post

August Policy & Advocacy Updates

By: Lizzie Bunnen, Government Affairs Director, AnnDyl Policy Group…See More
Building Performance Association commented on Emily Ambrose's blog post 6 Building Conferences We’re Attending
"Great picks! Thanks for including us!"
Building Performance Association liked Emily Ambrose's blog post 6 Building Conferences We’re Attending
Diane Chojnowski's 2 videos were featured
Brad Cook replied to Chris Stratton's discussion Okay to use 1" polyiso as a insulation base for 50 gallon heat pump water heater?
"Not all insulation is the same. For example, Dow's Super Tuf-R polyiso has a compression…"
David Butler replied to David Wentling's discussion ERV recommendations
"@Luke, since you work for a well-known ERV manufacturer, I'm curious if you have access to…"
Luke Langhals replied to David Wentling's discussion ERV recommendations
"Hello David -- Do you have an expected air tightness? What type of blower door test results are you…"

© 2019   Created by Building Performance Association   Powered by

Badges  |  Report an Issue  |  Terms of Service