New Certified Homes Command 18% Price Premium in 2009-2010 More Than One in Five Homes Achieve a Sustainability Standard
PORTLAND, Ore., June 16, 2010 – While fewer new homes were built in the past year in the Portland metropolitan area than in the previous year, the market share of third party certified homes increased. Twenty three percent (23%) of all newly constructed homes in the Portland metropolitan area sold between May 1, 2009 and April 30, 2010 received a third party certification. This finding is based upon data reported by the Portland area RMLS to Earth Advantage Institute. The term “certified home” refers to homes that received an Earth Advantage, Energy Star, or LEED for Homes designation,