Real Estate

Here are the 10 hottest neighborhoods for home flipping

Gains on home flips hit all-time high in 2015

Last year was the strongest year yet for home flippers, with gains on flips in 2015 hitting $102,400 per flip on average, up from $98,500 in 2014 and significantly higher than the peak of $90,900 during the last housing boom, according to a report from real estate brokerage Redfin.

Interestingly enough, despite the huge gains in flipping homes, the overall amount of houses flipped was relatively low. 

In 2015, Redfin estimated 43,000 homes were flipped in 28 markets, falling well below 2005's peak volume of 95,000 homes.

See below for the number of homes flipped.

Click chart to enlarge

Number of Homes Flipped - Redfin

(Source: Redfin)

Redfin’s analysis also included its rankings of the country’s 10 hottest neighborhoods for flipping gains. Home flippers walked away with the biggest gains in neighborhoods located in Washington, D.C.

See picture below for the rest of the top 10 neighborhoods for flippers.

Click the chart to enlarge

Top 10 Housing Neighborhoods for Flipping Gains

(Source: Redfin)

3d rendering of a row of luxury townhouses along a street

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