SYS-CON MEDIA Authors: Greg Ness, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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Redfin Unveils Top 10 Neighborhoods for Green Homes

With Earth Day just around the corner, today Redfin (www.redfin.com), a full-service real estate brokerage, released a list of 10 neighborhoods across the U.S. with the largest number of green homes, and a list of the top green neighborhoods within 20 major metropolitan markets. To compile the list, Redfin data scientists searched through homes for sale on Redfin.com to find those with “green” features mentioned in the listing.

Today Redfin, a real estate brokerage, released a list of the top 10 neighborhoods for green homes.  ...

Today Redfin, a real estate brokerage, released a list of the top 10 neighborhoods for green homes. The report looked at the number of homes for sale with green features, like solar panels. (Photo: Business Wire)

Green features include solar panels, low-flow faucets, dual-pane windows, energy-efficient appliances, environmental ratings such as ENERGY STAR® and LEED, which stands for Leadership in Energy and Environmental Design, and green home building projects like “Built Green” in Colorado or “Green Built” in Washington. The ranking is based on the proportion of “green” listings out of total listings in the neighborhood over the past two years.

Here are the 10 neighborhoods with the largest number of green homes:

                 
Ranking       Neighborhood       Metropolitan Area       % of Listings with Green Features
1       Valley View       Chicago, IL       39%
2       Mueller/RMMA       Austin, TX       39%
3       Carpenter Village       Raleigh, NC       37%
4       Downtown Bellevue       Seattle, WA       36%
5       Downtown Denver       Denver, CO       32%
6       Downtown Woodstock       Atlanta, GA       31%
7       Galindo       Austin, TX       30%
8       Columbia City       Seattle, WA       30%
9       Overlook       Portland, OR       26%
10       Briar Chapel       Raleigh, NC       26%
 

Austin, Raleigh and Seattle each had two neighborhoods on the top 10 list, showing just how prevalent eco-friendly homes are in those areas. The analysis also revealed:

  • Green homes sell for more: Overall, the median sale price of homes with green features was $47,600 higher than for homes without green features.
  • Green homes aren't always new homes: Many downtown areas have newly constructed condo buildings that are LEED certified, which may be why four downtown areas made the top 10 list. But while green homes for sale are on average six years newer than non-green homes, the majority of green homes were not new construction.
  • Seattle came out on top: Seattle had 20 neighborhoods where 10% (or more) of the homes for sale had green features, followed by Austin, with seven neighborhoods, and Houston, with six.

Redfin also determined the neighborhoods with the largest number of green homes in 20 major metropolitan areas. In some cities there was no distinguishable second or third place, in which case only the top neighborhood was named:

     
Metropolitan Area       Neighborhoods
AZ | Phoenix 1. Moon Valley
2. Dobson Ranch
        3. McCormick Ranch
CA | Los Angeles 1. Yucca Corridor
2. Route 66
        3. Portola Springs
CA | Riverside       1. Monterey Country Club
CA | Sacramento       1. Downtown Sacramento
CA | San Diego 1. University Commons
2. Leucadia
        3. Allied Gardens
CA | Ventura       1. RiverPark
CO | Boulder       1. Palo Park
CO | Denver 1. Downtown Denver
2. Hale
        3. Lowry
DC | Washington 1. Braddock Road Metro
2. Shirlington
        3. Baileys
GA | Atlanta 1. Downtown Woodstock
2. Grant Park
        3. Ormewood Park
IL | Chicago 1. Valley View
        2. Humboldt Park
MA | Boston 1. Belvidere
2. Roslindale
        3. Jamaica Plain
MD | Baltimore       1. Hickory Ridge (Columbia)
NC | Raleigh 1. Carpenter Village
2. Briar Chapel
        3. Village Square at Amberly
NV | Las Vegas       1. Del Webb Anthem
OR | Eugene 1. Santa Clara Community
        2. Fox Hollow
OR | Portland 1. Overlook
2. Pearl District
        3. Concordia
PA | Philadelphia 1. Byberry
2. Somerton
        3. Fishtown
TX | Austin 1. RMMA/Mueller
2. Galindo
        3. Rosedale
TX | Houston 1. Cottage Grove
2. Downtown Houston
        3. Eagle Springs
WA | Seattle 1. Downtown Bellevue
2. Columbia City
        3. Willow-Rose Hill
 

“This is a list every homeowner can have an effect on by upgrading their home with eco-friendly features,” said Julie Jacobson, a Redfin real estate agent in Los Angeles. “Examples include low-flow faucets, showerheads and toilets, which dramatically reduce indoor water use; dual-pane windows and insulation, which reduce energy use by helping to seal in conditioned air; and ENERGY STAR appliances, which save both water and energy. All of these features reduce your home’s impact on the environment. Going green also means saving money on monthly bills, especially when you take advantage of the various rebates and tax incentives available; it can really be a win-win.”

For more information on how to make your home more green, check out the following guest post from Jacobson: http://blog.redfin.com/blog/2014/04/15-tips-to-make-your-home-more-green.html

To read the full report, click or paste the following link: http://blog.redfin.com/blog/2014/04/top-10-neighborhoods-for-green-homes.html

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About Redfin

Redfin (www.redfin.com) is a technology-powered real estate broker that represents people buying and selling homes. Founded and run by technologists, Redfin has a team of experienced, full-service real estate agents who are advocates, not salespeople, earning customer-satisfaction bonuses, not commissions. Redfin.com features all the broker-listed homes for sale, as well as for-sale-by-owner properties that don't pay brokers a commission. Redfin also offers online tools that make the entire process of buying or selling a home easier and more fun. The company serves 23 U.S. markets and has closed more than $13 billion in home sales. In 2012, Redfin was named one of The DIGITAL 100: World's Most Valuable Private Tech Companies by Business Insider.

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