January Solar Sales Drop Slightly But Up Significantly Year over Year in Arizona

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Phoenix Solar Home Sales January 2018

Phoenix area solar home sales dropped off of their normal pace in the Phoenix area according to recent data from the Arizona Regional Multiple Listing Service (ARMLS) from January 1st through January 31st, 2018.

Phoenix Solar Sales in General

There were a total of 212 solar home sales in Maricopa County for the month of January, down from the 222 sales in December 2017. Homes with a solar leases (whether monthly lease payments or prepaid monthly solar leases) accounted for 136 of the sales while homes with solar owned electric systems accounted for the balance of 76 of the Phoenix area solar home sales in January 2018.

Median Price for Phoenix Solar Homes

The median price for a solar home in January in Phoenix was up slightly to $285,000, when compared to the $284,000 in December. Leased solar homes had a median price of $270,000 while the median price for a solar owned home was $315,675. The median price for a single family residence in Maricopa County in November was $272,500, up slightly from the $270,000 in December of 2017.

Marketing Time for Solar Homes

The median days on the market for a resale home in Maricopa County was 51 days in January. Solar in general stayed within reach of the average market with an median time to sell at 50 days (up from 48 in December). Phoenix homes with a solar owned system took a little more time with an median of 51 days while Phoenix area homes with solar leases were on par with the market at 50 days. The average days on the market for a solar home in Maricopa County was 61 days versus a market average of 69 days (solar leases had an average market time of 60 days while solar owned was 62 days).

Considering selling a home with solar? Want to know how much additional value solar adds to your home? Give Rob, the Solar Home Broker, a call at 480-888-1234!

NOTE: Only resale single family residences that sold during the month of January 2018 in Maricopa County. While all attempts were made to ensure quality and accurate data, I am limited by the data reported.
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