Solar Home Sales Jump in February, Capturing 5% of the Real Estate Market

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Phoenix Solar Home Sales February 2018

Phoenix area solar home sales jumped 15% in the Phoenix area according to recent data from the Arizona Regional Multiple Listing Service (ARMLS) from February 1st through February 28th, 2018.

Phoenix Solar Sales in General

There were a total of 251 solar home sales in Maricopa County for the month of February, up 15% from the previous month. Homes with a solar leases (whether monthly lease payments or prepaid monthly solar leases) accounted for 162 of the sales while homes with solar owned electric systems accounted for the balance of 89 of the Phoenix area solar home sales in February 2018.

Median Price for Phoenix Solar Homes

The median price for a solar home in February in Phoenix jumped to $305,000, when compared to the $285,000 in January. Leased solar homes had a median price of $294,250 while the median price for a solar owned home was $348,000. The median price for a single family residence in Maricopa County in February was $275,241, up slightly from the $272,000 in January of 2018.

Marketing Time for Solar Homes

The median days on the market for a resale home in Maricopa County was 44 days in February. Solar in general stayed within reach of the average market with an median time to sell at 54 days (up from 50 in January). Phoenix homes with a solar owned system took a little more time with an median of 54 days while Phoenix area homes with solar leases were on par with the market at 53 days. The average days on the market for a solar home in Maricopa County was 73 days versus a market average of 67 days (solar leases had an average market time of 69 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 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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