Want to flip a home? Do it in Fla.

LAKELAND, Fla. – May 6, 2016 – While Memphis, Tenn., had the highest share of flipped properties (number of flipped home sales as a percentage of all home sales) in first quarter 2016 followed by Fresno, Calif., Lakeland-Winter Haven, Fla., came in third, according to CoreLogic data on the 86 largest U.S. metro areas.

While a Florida metro area took the No. 3 spot, the state has the highest overall flipping activity. Seven of the top 10 markets on CoreLogic’s flipping list and eight of the top 20 markets are all in Florida.

The median gross profit per property flip ranges from a low of $23,430 in Birmingham-Hoover, Ala., to $124,000 in San Jose-Sunnyvale-Santa Clara, Calif. However, as a percentage, the median gross profit is only 20.2 percent in San Jose-Sunnyvale-Santa Clara – and a high of 68.4 percent in Chicago-Naperville-Arlington Heights, Ill.
Click Here to View List!