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NAR News (National Association of Realtors / 전미 부동산 중개인 협회)

(마이애미 부동산) Home flipping down 13%, but high-end flipping up 34% (마이애미 부동산)

(마이애미 부동산)

IRVINE, Calif. – Oct. 17, 2013 – RealtyTrac released its Q3 2013 Home Flipping Report, which shows 32,993 single family home flips – where a home is purchased and subsequently sold again within six months – in the third quarter of 2013. That number is down 35 percent from the second quarter and 13 percent year-to-year.

Overall, Florida’s 4,706 home flips in the third quarter came in second after California, which had 8,592 flips. And only one city in the state made RealtyTrac’s “Top 15 Markets for Profitable Home Flipping”: No. 13 Deltona-Daytona Beach-Ormond Beach.

In some cities, the number of home flips decreased significantly since the second quarter, including two Florida cities, Tampa (47 percent decrease) and Orlando (28 percent decrease).
 
According to RealtyTrac, real estate investors made an average gross profit of $54,927 on single-family home flips in the third quarter – a 12 percent higher average gross return compared to the third quarter of 2012.
 
The higher gross profit on fewer total home flips was driven, in part, by an increase in the number of high-end homes sold by flippers for $750,000 or more. A total of 968 high-end homes nationwide were flipped in the third quarter, down 13 percent from the previous quarter but up 34 percent from a year ago.

More than three-fourths of all high-end flips were in five markets: the New York metro area and four coastal California markets – Los Angeles, San Francisco, San Jose and San Diego. Flips on homes priced between $1 million and $2 million increased 42 percent year over year, while flips on homes priced between $2 million and $5 million increased 350 percent year over year.
 
“Increasing home prices over the past 18 months combined with decreasing foreclosures have created a market less favorable to the high quantity of middle- to low-end bread-and-butter flips that we saw late last year and early this year,” says Daren Blomquist, vice president at RealtyTrac.

“But the sharp rise in high-end flipping indicates there is still good money to be made for flippers willing and able to take on the additional risk of buying and rehabbing more expensive homes,” he adds.
 
The number of single family homes flipped in the third quarter decreased from the previous quarter and a year ago nationally, but flipping numbers were still up from a year ago in some markets such as Los Angeles (11 percent increase), New York (14 percent), Detroit (13 percent), Atlanta (32 percent), Las Vegas (9 percent) Chicago (28 percent) and Seattle (23 percent).

© 2013 Florida Realtors®

 

(마이애미 부동산)

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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