To all my readers, I apologize for letting so much time lapse since I last posted to my blog. So much has been going on all summer and yet to come this year.
Topics to cover in this post:
- The Triangle MLS is green for nearly 2 years and data collected shows that green certified homes sell for more money and faster than standard construction…yeah!
- GreenNC Expo will be held December 8th in Durham for the first time and is a packed with education, vendors and a feature speaker. This is the 7th year for the annual Expo hosted jointly by the Triangle Chapter of the USGBC and the NC Solar Center.
TMLS IS GREEN AND GREEN HOMES SELL FASTER
The Triangle MLS added fields to track the green certifications and green features in listed homes March 2010. This is so significant and unique as most MLSs throughout the country do not track the sales of green homes. With this data now available to all users it is obvious that locally consumers are buying green certified homes in greater numbers.
- Certified – Listed in MLS as EnergyStar, GreenBuilt, LEED-H, NC Healthy Home
- YTD 32% of the new homes listed in TMLS are green certified. This is up from 2010 – 23%.
- According to Quick Turn Appraisal findings for new construction home sales that closed in 2010. Comparing certified homes to non-certified properties, both sold at about 98% of their listing price, with similar square footage. Average figures for the past year:
CLOSED IN 2010
Certified (N=922; 22.5%)
Non-Certified (N=3178; 77.5%)
+3.1% +12.9% -30.1%
Note that we also are seeing the market penetration of high-performance homes steadily increasing. For listings in early 2011, over 30% of the new construction now has at least one certification listed! That’s up from less than 20% in 2009.
GreenNC Expo December 8th
This year marks the 7th annual GreenNC Expo held in Durham for the first time at the Marriott Convention Center downtown Durham. GreenNC features vendors, educational sessions, networking, luncheon speaker and award ceremony.
Of course the best session is the one that I put together, “The State of the Green Home Market in the Triangle”!!! Come on down and listen to the panel of experts talk about what is being built, who is buying, what’s up with appraising and how to finance a green homes.
• Exhibit space with prominent green designers, builders and suppliers that serve residential and commercial clients throughout North Carolina. Walk through and see what innovative companies are growing the North Carolina green economy. Learn what new green buildings products and initiatives are on the horizon for 2012. Click here to register for a space or to see a list of exhibitors.
• A full day of 24 education sessions covering a variety of current green building topics. Continuing education credits will be available for almost all sessions for GBCI (LEED AP+), AIA, ASLA and others. Participants can earn a total of four CE credit hours by attending one of six concurrent sessions in each of four time slots. Click here for description of each session.
• Opening plenary featuring successful green building initiatives from the local, state and federal levels. The opening plenary is free but registration is requested. One hour of continuing education credits is available.
• Luncheon keynote with Nate Kredich, Vice President of Residential Market Development for USGBC. Nate will address What’s Next? in Residential Sustainability in the U.S., speaking to regional and national green homes trends, the advent of data to drive enhanced performance, and the future of our existing housing stock. One hour of continuing education credits is available. For more information on Nate Kredich…
• An evening Green Award Gala to recognize and celebrate the exceptional leaders in the region’s green building movement.