Redfin Unveils Top 10 Neighborhoods for Green Homes

published: 2014-04-18 15:51 | editor: | category: News

With Earth Day just around the corner, Redfin, 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.

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.

To read the full report, click  THIS LINK.

announcements add announcements     mail print
Share