Phoenix Solar Homes Continue to Maintain Pace w/ Resale Market

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Phoenix Solar Home Sales March 2018

Phoenix area solar home sales jumped significantly in the Phoenix area according to recent data from the Arizona Regional Multiple Listing Service (ARMLS) from March 1st to March 31st, 2018.

Phoenix Solar Sales in General

There were a total of 365 solar home sales in Maricopa County for the month of March, up 31% from the previous month. Homes with a solar leases (whether monthly lease payments or prepaid monthly solar leases) accounted for 229 of the sales while homes with solar owned electric systems accounted for the balance of 136 of the Phoenix area solar home sales in March 2018.

Median Price for Phoenix Solar Homes

The median price for a solar home in March in Phoenix stayed relatively the same as the previous month at $300,000. Leased solar homes had a median price of $281,500 while the median price for a solar owned home was $349,450. The median price for a single family residence in Maricopa County in March was $280,000.

Marketing Time for Solar Homes

The median days on the market for a resale home in Maricopa County was 40 days in March. Solar in general stayed within reach of the average market with an median time to sell at 43 days (down from 54 in February). Phoenix homes with a solar owned system took a median of 43 days while Phoenix area homes with solar leases were on par with the market at 44 days. The average days on the market for a solar home in Maricopa County was 64 days versus a market average of 62 days (solar leases had an average market time of 57 days while solar owned was 75 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 March 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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