REALTYTRAC: Inkster, MI, Opa Locka, FL top House Flipping List

REALTYTRAC: Inkster, MI, Opa Locka, FL top House Flipping List

A year after its Spring 2014 report showed the ten most profitable U.S. markets for flipping houses, RealtyTrac, Irvine, CA.,  turns the data tables to find where the practice made up the largest proportion of sales in 2014.

They are not the same: Only the highest-ranking city this year is within a Metropolitan Statistical Region (MSR) on last year’s list, according to a RealtyTrac report released Friday, April 3, 2015.

Flipping a house is real estate jargon for buying, improving and then reselling a property within six months. Inkster, Michigan tops this year’s list with flipped houses accounting for 27 percent of its total 2014 home sales. The Detroit suburb showed up last year within the ninth-ranked Detroit-Warren-Livonia MSR.

The second ranked city on this year’s list is Opa Locka, Florida, with more than 21 percent. Though its surrounding Miami-Dade County was not included last year, three that did are right up the Atlantic coast.

The other eight cities on this year’s list, below, are all in Michigan, Georgia and California.

City
Population
Units
2014 Flips
2014 Sales
Flip %
Inkster, MI
25,215
11,820
114
423
27.0%
Opa Locka, FL
110,225
34,211
235
1100
21.4%
Compton, CA
134,149
34,725
137
663
20.7%
Saint Marys, GA
20,964
8,678
120
604
19.9%
Spring Valley, CA
69,818
23,023
108
590
18.3%
Eastpointe, MI
32,405
13,566
148
866
17.1%
Villa Rica, GA
34,137
13,530
131
768
17.1%
Griffin, GA
60,820
25,822
140
821
17.1%
Rialto, CA
103,836
28,056
144
857
16.8%
San Bernardino, CA
239,798
71,309
348
2126
16.4%

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