More and More Buyers going Green

Green is the new gold

KW Research survey reveals the green features that matter most to buyers.

Green homes sell faster and command a higher price than traditional construction, and the demand for green homes is climbing quickly. According to a survey conducted recently by KW Research, nine out of 10 agents indicated that green homes have a higher market value than similar homes without green features.

So just what green features have the highest appeal among buyers? A double-pane or low-e window tops the following list of 17 features that fall within the category of œgreen.

Green features that buyers were looking for in their home search in the past 12 months:

Double-pane or low-e windows 39.1%
Energy-efficient appliances 36.8%
Insulation 25.7%
Heating/cooling/climate control 25.5%
Solar panels or solar powered heating or appliances 22.4%
Non-specific energy efficient or desire to keep bills low 15.1%
Tankless or other high-efficiency water heater 14.8%
Water conservation (rain barrels, low flow toilets) 9.7%
Low- or no-VOC paint 7.9%
Energy efficient and/or sustainable roofing materials 5.9%
Tech shield/radiant barriers 4.8%
Bamboo flooring 4.3%
Energy efficient lighting 3.9%
Air quality / Allergies / Asthma 3.0%
Fans 1.8%
Landscaping, xeriscape 1.0%
A home that is “off the grid” 0.5%

Good News for Real Estate on a National Level

Pending home sales rose 4.3% in the month of August.   This is great news, and is another SMALL sign of recovery.   You might be asking why I feel this way?   This is our first good look of how the market might adjust to the absence of the federal tax credit for first time home buyers.   If you remember, this tax credit expired in mid summer.
Real estate analysts have been waiting to see if our market would crash without the help from government help.

Buyers are still out there putting offers down and closing on homes.   Of course, we have a long way to go in the recovery process, but this is a positive step!