Flipped Home Profits Rise in 2013 over 2012

According to RealtyTrac, the average profit of the 156,862 single-family homes flipped in 2013 was $58,081, accounting for 4.6 percent of all U. S. single-family home sales in 2013. Flipped homes accounted for 7.1 percent of all sales in Q4 2012, the highest flip percentage since the survey began in Q1 2011, nearly twice the 3.8 percent of the comparable fourth quarter 2013. HousingWire.com reports the percent of homes flipped in 2013 represented a rise of 4.2 percent over 2012, but an increase of 114 percent over 2011. The average profit for a home flipped in 2012 was $45,759. As MHProNews.com has learned, the usual definition of a flipped home is one bought and then sold within six months.

(Image credit: biggerpockets.com–flipped house)

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