HOME FLIPPING DATA RELEASED

Nationwide, there’s been a lot of home flipping. There were 179,788 single family homes and condos flipped during 2015 which represented 5.5 percent of all real estate transactions for the year according to data released by RealtyTrac.  Within the state of Florida, there were more homes flipped last year in Lee than Collier County.  However, the profit per property was $18,000 greater in Collier than Lee County. There were a total of 1,715 properties flipped in Lee in 2015 which was an 8 percent increase from 2014 and with a profit of $50,000 per home. Collier had 675 flipped homes, a 3 percent decrease from 2014, at a profit of $68,000 per home.  According to the report, there was a 34.5 percent gross profit on homes flipped in Collier County.

Nationwide, home flipping increased from 2014 in 75 percent of markets with gross profits at a 10-year high. The Miami metro area had the most homes flipped of any market nationwide in 2015, with 10,658.

Whether you are considering buying a home to flip for an investment or are looking for your dream home or vacation home, if you are looking in Naples, Bonita Springs or Estero, let me be your guide.