luxury: Increasing Numbers In Luxury Fix and Flips
- 10/29/13 05:00 AM
According to data from RealtyTrac, fix and flips are increasing due to the rising home prices nationally, especially in the higher end markets. As a whole, single family flips have decreased about 13% in third quarter of 2013, however exponential growth is happening in markets where home prices exceed $750,000. Likewise, investors are still averaging about $55,000 in profit per flip nationally in the 3Q, according to RealtyTrac. The data showed that homes flipped above $750,000 increased in quantity by 34%. Homes that were flipped in the $1 million to $2 million range increased by 42%, and homes that were … (0 comments)
According to data from RealtyTrac, fix and flips are increasing due to the rising home prices nationally, especially in the higher end markets. 
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