Phoenix Solar Home Sales Account for 5% of the Resale Market

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Phoenix Solar Home Sales June 2018

Phoenix area solar home sales continue increasing in volume in the Phoenix area according to recent data from the Arizona Regional Multiple Listing Service (ARMLS) from June 1-30, 2018.

Phoenix Solar Sales in General

There were a total of 356 solar home sales in Maricopa County for the month of June, up 4% from the previous month and accounts for over 5% of the total resale sales volume for the month. Homes with a solar leases (whether monthly lease payments or prepaid monthly solar leases) accounted for 215 of the sales while homes with solar owned electric systems accounted for the balance of 141 of the Phoenix area solar home sales in June 2018.

Median Price for Phoenix Solar Homes

The median price for a solar home in June in Phoenix jumped to $319,500, up from the $304,000 seen in May. Leased solar homes had a median price of $295,000 while the median price for a solar owned home was $355,000. The median price for a single family residence in Maricopa County in June was $295,000.

Marketing Time for Solar Homes

The median days on the market for a resale home in Maricopa County was 38 days in June. Solar in general stayed within reach of the average market with an median time to sell at 42 days (down from 44 in May). Phoenix homes with a solar owned system took a median of 45 days while Phoenix area homes with solar leases were on par with the market at 42 days. The average days on the market for a solar home in Maricopa County was 58 days versus a market average of 55 days (solar leases had an average market time of 59 days while solar owned was 58 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 June 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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