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1st Quarter 2010 Atlanta Green Home Sales Report

May 14, 2010

I have just completed the 1st Quarter 2010 Atlanta Green Home Sales Report.  This study looks at detached single family homes that were built 2007 or later and sold as “new construction”.  The Green Home Sales Report looks at homes listed between $250,000 and $2,000,000 in Fulton, Dekalb, Cobb and Gwinnett Counties.  The green homes have all been certified by a third party Green Building Certification including EarthCraft House, LEED for Homes, NAHB Green and Energy Star.

My findings in the first quarter show a consistent trend that we saw throughout 2009.  Certified green homes represented 8.4% of the new construction market.  They sold for 6.4% closer to their asking price (98.9%) which in this case was almost 25% higher than the comparable conventional new construction price.  The average sales price of a certified green home was $494,000 compared to $370,000 for a conventional new construction home, a 33% premium.  Days on market for green homes did show a lag in the first quarter compared to conventional new construction.  In 2009, green homes sold in 23% less time in Atlanta so we will continue to monitor that trend.

Here is a link to the 1st Quarter 2010 Atlanta Green Home Sales Report.

Please leave your comments if you have any thoughts or questions about green home sales in Atlanta.

Carson Matthews

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7 Comments leave one →
  1. May 17, 2010 1:27 am

    Can you show these numbers as a trailing average over the last 12 months? I would love to see the trends of both the days on market and the %of asking price in a graph.

    Thanks for all of the hard work putting this together!

  2. Andrea Paulinelli permalink
    May 17, 2010 7:42 pm

    Thank you Carson, this is great material and very helpful!

  3. May 18, 2010 12:29 am

    I can show you that by quarter but I don’t have it drilled down by month.

  4. May 18, 2010 12:29 am

    Thanks Andrea, hope you are doing well.

  5. May 20, 2010 12:04 pm

    These are great data, Carson. Thanks for compiling and publicizing them. I think the variation you’re seeing in the time on the market is because the sample size is so low. Eighteen homes isn’t a whole lot.

  6. May 20, 2010 11:06 pm

    Agreed Allison, it’s not a huge sample but I will point out that as a percentage of the new construction market, the numbers are consistent. I think we will see those numbers increase in the 2nd quarter. Thanks for your comments.

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