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No Buyers For Huntington Beach's First Green Home

By Elite Home Sales Team

Real Estate Agent with Elite Home Sales Team OC BRE# 02066030

November 13, 2011 09:15 AM

No Buyers For Huntington Beach's First Green Home

Today the Orange County Register is reporting that there are no buyers for Huntington Beach's first green home. The home was built and came on the market as a short sale and was foreclosed on before a sale could be secured.

The home came on the market back in January of 2010 at $1.69 million came off the market at $999,000. When the bank got the home they dropped the price by more than $100,000 and is now listed at $885,240.

It is a three story home attracted a lot of attention while it was being built. They had tours through the home and the press was for it.

This is another example that just because you build it and call it green it is not enough to sell the home. Its costs were higher than other forms of construction. Everyone involved in this project lost big. I am in favor of new technology but it has to make sense to the buyers.

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Karen Hawkins, MBA - Langley & Surrey, BC

Royal Pro Real Estate Network - Langley, BC

So disappointed to hear that the green home is not selling - it becomes a vicious circle tho, doesn't it, if not enough of these forward-looking properties can sell, then it is unlikely the construction costs on them will go down...darn!

Nov 17, 2011 06:48 PM

Todd Clark - Retired

eXp Realty LLC - Tigard, OR

Principle Broker Oregon

People say they are green, but from my experience they aren't willing to pay more for it.

Nov 20, 2011 05:53 PM

Tim Lorenz

TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA

949 874-2247

Mark

The fact that something is green cannot overcome the problems of pricing.

Nov 21, 2011 02:30 AM

Cheryl Dukes . . . . . Intown Atlanta

Guaranteed Offer for your Home - eXp realty - Atlanta, GA

Interesting post. I love "green" homes. I think the "green" industry needs to keep promoting the tremendous benefits of living green. From what I've seen, many of the consumers are still not appreciating the value of it.

Nov 23, 2011 02:46 AM

Elite Home Sales Team

Elite Home Sales Team OC - Corona del Mar, CA

A Tenacious and Skilled Real Estate Team

Todd

It is true green is a color not a less expensive way to build.

Nov 23, 2011 06:14 PM

Karen

It is a disappointing experience.

Nov 23, 2011 06:16 PM

Tim

You are correct the pricing has to fit in with other types of construction.

Nov 23, 2011 06:18 PM

Cheryl

If people are price conscious or value conscious they are not buying the product. They do not see the value.

Nov 23, 2011 06:20 PM

No Buyers For Huntington Beach's First Green Home

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