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Sacramento, Stockton Among Most Profitable For Flipping

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(Sacramento, CA)
Thursday, May 2, 2013

The report comes from RealtyTrac. The research firm counted a flip as a situation where the sale of a home occurred within six-months or less of the previous sale of the same home.

The data show that there were nearly 3,772 flips of single family homes in Sacramento last year.

The average purchase price was $172,442…and the average flip price was $212,000…with a gross profit of $39,706. That put Sacramento at the number 13th spot nationwide.

Modesto was 17th…with an average gross profit of $24,740. And Stockton was 22nd nationwide with a gross profit of $22,376.

RealtyTrac says the market where flipping a home offers the highest rate of return in the country is Orlando, Florida…where the gross profit percentage is 63%.

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