Phoenix Solar Home Sales August 2018
Phoenix area solar home sales continue decreasing in volume in the Phoenix area according to recent data from the Arizona Regional Multiple Listing Service (ARMLS) from August 1-30, 2018.
Phoenix Solar Sales in General
There were a total of 282 solar home sales in Maricopa County for the month of August, down another 14% from the previous month. Homes with a solar leases (whether monthly lease payments or prepaid monthly solar leases) accounted for 188 of the sales while homes with solar owned electric systems accounted for the balance of 94 of the Phoenix area solar home sales in August 2018.
Median Price for Phoenix Solar Homes
The median price for a solar home in August in Phoenix jumped to $315,000, up from the $300,000 seen in July. Leased solar homes had a median price of $285,500 while the median price for a solar owned home was $375,000. The median price for a single family residence in Maricopa County in August was $292,000.
Marketing Time for Solar Homes
The median days on the market for a resale home in Maricopa County was 39 days in August. Solar in general stayed within reach of the average market with an median time to sell at 42 days (the same as July). Phoenix homes with a solar owned system took a median of 48 days while Phoenix area homes with solar leases were on par with the market at 39 days. The average days on the market for a solar home in Maricopa County was 59 days versus a market average of 56 days (solar leases had an average market time of 52 days while solar owned was 73 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!