Monday, September 12, 2016

10 Top Neighborhoods for Green Homes

Homes with green features tend to sell for 7.2 percent more than homes without them, according to a new study by the real estate brokerage Redfin. “Green” features helped to bump up sales prices by an average of $33,894 compared to other homes in 2015, according to the study.
Building is Going Green
Home buyers may be drawn to green features for the promises of lower utility bills, but also for the linked health benefits too.
“Green building doesn’t just help lower utility bills, it’s about health too,” says Alex Dews, executive director of the Delaware Valley Green Building Council. “In the last 10 years, people have become more aware of how the materials used in home construction – including the drywall, flooring, and paint – can impact interior air quality and health. We spend a lot of our time in our homes, so it’s no surprise that home owners are prioritizing materials that keep the interior environment as healthy as possible.”
Redfin’s research team analyzed real estate listings of homes sold in 2015 in 83 major metro areas. It looked for homes that had one or more green features and then compared them to the median price of homes sold last year.
They identified the following top 10 neighborhoods for green homes in 2016:
1. Villanova in Philadelphia
Green homes: 57%
2. Villages of Irvine in Irvine, Calif.
Green homes: 56%
3. Downtown Santa Monica, Calif.
Green homes: 51%
4. Newton Centre in Newton, Mass.
Green homes: 49%
5. Tremont in Cleveland, Ohio
Green homes: 49%
6. Terramor Village/Ladera Ranch in Orange County, Calif.
Green homes: 48%
7. Belltown in Seattle, Wash.
Green homes: 45%
8. Kerrigan Ranch in Yorba Linda, Calif.
Green homes: 45%
9. Downtown in Dedham, Mass.
Green homes: 41%
10. Del Sur in San Diego
Green homes: 39%
Source: “The Top 10 Neighborhoods for Green Homes,” Redfin (Sept. 7, 2016)

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