1st Quarter 2010 Atlanta Green Home Sales Report
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.