IRVINE, CA—RealtyTrac today released its Q4 and Year-End 2014 U.S. Home Flipping Report, which shows that 136,269 US single family homes were flipped in 2014, 5.4% of all single family home sales during the year — the lowest share of flips since 2011.
A total of 32,578 US single family homes were flipped in the fourth quarter, representing 5.3% of all single family home sales during the quarter. The 5.3% share of flips in the fourth quarter was up 11% from the previous quarter but still down 12% from a year ago.
The average gross profit—the difference between the purchase price and flipped price—for completed flips of single family homes in the fourth quarter was $65,993, representing a 37.1% gross return. That was up from an average gross profit of $65,285 representing a 36.5% gross return in the third quarter, and an average gross profit of $63,017 representing a 36.4% gross return in the fourth quarter of 2013.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
