Question Details

Stacey A. Ma…,  in Westfield, MA

Has anyone noticed buyers/sellers voicing "Climate change" as a motivating factor in their transaction choice?

Asked by Stacey A. Martin, Westfield, MA Tue Jan 8, 2008

I am hearing whispers of it here, wondering if it is a growing phenomenon?

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We also have a community on a river north of the City ... the Russian River - great appellations! any time you find a Russian River Chardonnay buy it -- which is eroding and endangers homes, you'll find prices reflect that, as well as the flood prone areas. Of course our seasons are a little different than back East; rather than sweltering, foliage and snow we have wildfires, earthquakes, mudslides and sinkholes -- in fact we have a multi-million dollar homes that slide down Telegraph hill every 5 to 10 years! Go figure! Then there's the tigers ... but don't get me started.
0 votes Thank Flag Link Wed Jan 9, 2008
Hi Ginger, Melanie has mentioned two examples of what I am referring to - I have experienced both types of inquires. I would classify the "green" home hunter as someone who is looking at the long term view of how they can make a difference. Those worried about the possible effects of rising sea levels I would say are more short-minded (15 - 20 year range of worries). In this category, I have heard a couple deciding not to purchase on an island (I spent my summer vacation on Peaks Island off the coast of Portland, ME and was waiting for the ferry) . Most recently another agent was voicing a combination of rising sea levels/stronger storms/Katrina type human suffering class of concerns regarding the New York City area.

I am just curious if this is a growing movement or just a few early worriers. The fact that the ocean front homes in your area are continuing to sell well in spite of visible erosion, is really the opposite of what I would expect - Thanks for sharing, that is exactly the type of detail I am interested in! Stacey
1 vote Thank Flag Link Wed Jan 9, 2008
Hi Stacey - This is a very interesting question. Could you expand, pls, and tell us what you are hearing and how it is affecting buyer/seller choices? I have not heard anything to that effect.
I am in a Coastal community and have seen significant erosion of some oceanfront properties, yet they continure to be very hot. I myself avoid direct oceanfront, especially on small lots for that reason, prefering oceanview. But I have not heard anyone else voice that concern.
1 vote Thank Flag Link Wed Jan 9, 2008
We have clients looking for "green" homes, and I did hear of a couple who didn't want to buy close to the water based on their fear of rising sea level associated with climate change. I'm working on a history project and noticed that an eight year drought in Spain in the 1700s not surprisingly caused a population shift moving out of that area.
1 vote Thank Flag Link Wed Jan 9, 2008
Melanie - Best Answer for that one - mostly for the laugh! Tigers!
0 votes Thank Flag Link Wed Jan 9, 2008
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