Yesterday I wrote a story about how GreenWorks Realty of Seattle crunched some numbers, did a little addition... and discovered that even in the not the best (to say the least) housing market over the last year, green homes in King County have sold quicker and for a higher value than their non-green counterparts.
GreenWorks looked at homes sold on the Northwest Multiple Listing Service between September 2007 and May 2008 that were "environmentally certified" - here that means LEED homes, Energy Star, or the Master Builders of King and Snohomish Counties' Built Green Program.
On average, single family homes sold for four percent more, 18 percent quicker, and were 37 percent more valuable per square foot.
To see more or learn how condos measured up, visit GreenWorks to look at the numbers yourself here. (By the way, this is some of the first analysis of its kind).
Now, recently a pretty high level developer in the Seattle area told me there was no point in developing office space that wasn't LEED certified anymore, because it is going to lose its value quicker.
Combine that with this research saying green homes sell quicker and for more, and logically, building green seems to make sense.
But there are a lot of challenges to building green, not to mention building green well. I could go off about the issues forever: some green systems are so new they are untested or people don't know how to install them, it's difficult to know if something is really green, green is "more expensive...." But I would rather hear from you.
If you can take a moment out of your holiday weekend, answer me this: What stops you from building green? If you work on residential projects, could these numbers convince you to try something new? Do these numbers matter at all and why? Do they matter in your neck of the woods, or is the information too Seattle-area specific?
And is it better for someone to do bad green design or do nothing green at all?
Or heck, you can just answer the poll at right!
I'm all ears. To read the story, press here.