Phoenix Solar Home Statistics – January 2019

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Phoenix Solar Home Sales January 2019

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 December 1st to December 31st 2018.

Phoenix Solar Sales in General

There were a total of 206 solar home sales in Maricopa County for the month of December, down 19.42% from the previous month. Homes with a solar leases (whether monthly lease payments or prepaid monthly solar leases) accounted for 129 of the sales while homes with solar owned electric systems accounted for the balance of 77 of the Phoenix area solar home sales in December 2018.

Median Price for Phoenix Solar Homes

The median price for a solar home in December in Phoenix dropped to $292,450, down from the $310,000 seen in November. Leased solar homes had a median price of $270,000 while the median price for a solar owned home was $318,500. The median price for a single family residence in Maricopa County in December was $290,000.

Marketing Time for Solar Homes

The median days on the market for a resale home in Maricopa County was 45 days in December. Solar in general slightly outperformed the average market with an median time to sell at 44 days (up two days from November). Phoenix homes with a solar owned system took a median of 39 days while Phoenix area homes with solar leases were on par with the market at 46 days. The average days on the market for a solar home in Maricopa County was 66 days versus a market average of 63 days (solar leases had an average market time of 58 days while solar owned was 78 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 December 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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