Study: Green Homes Nab Higher Prices at Resale

From REALTOR magazine 8-10-2011:

While home sales may be sluggish in many parts of the country, more buyers are placing an emphasis on green — with some studies showing that green homes can sell for higher dollar than non-green homes.  Read more…

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I can personally attest to this.  I was recently working with a buyer client to purchase an older home in Mountain View, CA, remodeled with many green features like solar panels, passive solar , foam-insulated roof, denim insulation, Low VOC finishes, sustainable flooring, tankless water heater, and modern design.

It was listed at $728k.  They garnered 5 overbids (my client’s being one of them).   The winning bidder took it with $800k…the very close second was $799k.  This was the highest sold $/sf in the neighborhood in the past 3 months.  WOW!!!

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