Homes selling over a million in the territory that RMLS covers in Oregon and Washington buyers are willing to pony up an extra $54 dollars a square foot. More interesting is that these homes are not hitting the open market. Does that mean they might get more??? Who knows because over the last three months these homes are not listed on the MLS until they are sold.
What intrigues me more is the people that have the least money are also willing to pay more for the homes that have green certifications, like energy star and earth advantage. They paid $32 dollars a square foot more. The ones that had Earth Advantage sold for 2 dollar more per foot than did the Energy star homes.
Homes that sold from $300,000 to one million saw a smaller increase in price for the certification. Those folks paid from $14 to $16 dollars a square foot more for their homes. I think this set of folks is the wisest set.
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| This is a study by Kria Lacher of the entire RMLS territory of green certs vs not about single family |
1 comment:
I love that you, and "green" real estate are doing so well Portland!
I like to point out that the money saving "green" details on houses allow a deeper penetration into the first time buyer market.
If two identical homes, next to each other, one has a $200/month energy bill and one has a $12/month energy bill, even if the second house is a bit more, many more buyers will be able to afford it! Banks are still figuring this out. but savvy buyers already get it.
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