Green Homes Worth 9% More
Economists from UC Berkeley and UCLA completed an analysis of all 1.6 million single-family homes sold in California from 2007-2012 (Q1), studying the effect of green building labels on property sale values. They found that the approximately 4,000 green labeled homes with Energy Star, LEED for Homes, and GreenPoint Rated labels sold for 9% more (±4%) than comparable, non-labeled homes. The research indicates that the premium exists in hotter climates (where cooling costs are higher) and where environmental ideology (as measured by the rate of registration of hybrid vehicles) influences consumers' buying choices.
Click Here to Read the Executive Summary and the Report
In the News
The Washington Post - Energy-Efficient Homes Often Command Higher Prices
LA Times - Green Labels Add Value to California Homes
Market Watch - Green Home Labels Add Significant Value
Sustainable Business News - Green-Certified Homes Get 9% Higher Sales Price in California
Realtor Magazine - Green Homes Sell or Higher Values
