Here's some interesting statistics about "Flipped Houses" within the US. (Remember, the profits talked about here are simply what they sold it for compared to what they bought it for. it is not taking into account the amount of money that was put into the flip or the closing costs for the sale).
Investors gobbled up 156,862 single family homes and flipped them in 2013, up 16% from 2012 and up 114% from 2011, according to RealtyTrac.
Homes flipped in 2013 accounted for 4.6% of all U.S. single family home sales during the year, up from 4.2% in 2012 and up from 2.6% in 2011.
Flips accounted for 3.8% of all sales in the fourth quarter, down slightly from 3.9% of all sales in the third quarter and down from 7.1% of all sales in the fourth quarter of 2012 - the highest percentage of sales represented by flips in a single quarter since RealtyTrac began tracking flipping data in the first quarter of 2011.
The average gross profit for a home flip was $58,081 for all U.S. homes flipped in 2013, up from an average gross profit of $45,759 in 2012.
The average gross profit for homes flipped in the fourth quarter was $62,761, up from $52,746 in the fourth quarter of 2012.
Average profit: $166,287
Flipped price: $704,762
Number of flips: 202
Flipped price: $621,380
Average profit: $154,130
Number of flips: 584
Flipped price: $510,906
Average profit: $143,578
Number of flips: 197
4. Ocean City, N.J.
Flipped price: $467,113
Average profit: $140,716
Number of flips: 53
5. Los Angeles-Long Beach-Santa Ana, Calif.
Flipped price: $513,975
Average profit: $127,634
Number of flips: 2,116
6. San Diego-Carlsbad-San Marcos, Calif.
Flipped price: $475,306
Average profit: $120,180
Number of flips: 900
7. Santa Rosa-Petaluma, Calif.
Flipped price: $411,909
Average profit: $113,001
Number of flips: 125
Flipped price: $438,333
Average profit: $100,228
Number of flips: 69
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