As Local Real Estate Prices Rise, Flippers Are Still On The Chase

Posted by John Sabia on Tuesday, August 11th, 2015 at 12:02pm.

In a recently released report from RealtyTrac, there were almost 1,400 homes for sale that were flipped in the ti-county area from April to June of this year (homes that sold more than once during the year).  This represents almost ten percent of all home sales reaching the highest mark when looking at major areas in the country.  Nationwide, flipped homes accounted for only about 4.5 percent of all home sales.

Daren Blomquist, VP at RealtyTrac was quoted as saying, "South Florida is a hot spot." He added the combined effect of a high rate of home foreclosures and a strong record growth made house flipping in South Florida ideal.

Lately however, there has been a slowing effect on house flipping in local markets with a decline of approximately six percent from year to year. According to Blomquist, “The prices are starting to hit a level that is out of the sweet spot for a lot of flippers. We’re seeing the number of flips come down and that to me is a sign that we’re in a sustainable housing economy and not a bubble.”

Even with a decline in the number of flipped homes, there is still potential for profit.  On average, the cost in South Florida to buy a property to flip is about $220,000; but typically sells for $302,000 almost six months later.  Accounting for renovations and closing expenses, there is still a good margin for profit.

For most flippers, the strategy is to buy low and sell high - Buying a property below market value and taking advantage of rising home prices.  However, with inventory declining including distressed properties combined with the number of investors looking, finding a good deal is becoming harder and harder.  And often times as a consequence of limited inventory, first-time home buyers are shut out of the market loosing out to all cash investors.

House Flippers

Homes For Sale in Fort Lauderdale under $300,000

1 – 48 of 314 Listings
Price, High to Low

2 Bed • 1 Bath • 832 Sf

$300,000

4633 Sw 32nd Ave, Fort Lauderdale

Small Home On Great Piece Of Land Ready For Development.

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Keller Williams Realty Profess
Reduced 8%

2 Bed • 1 Bath • 1,405 Sf

$300,000

927 Sw 21st Ct, Fort Lauderdale

Charming 2/1 On Quiet Cul-de-sac In Sought After River Oaks! Very Spacious And Bright. Open Floor Plan. White Washed Mexican Tile, Stainless Steel ...

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Re/max First

3 Bed • 2 Bath • 2,238 Sf

$300,000

331 Sw 29th Ter, Fort Lauderdale

Back On The Market...financing Fell Through At The Last Minute!!! Bring Your Buyers To Tour This Beautiful Immaculately Cleaned 4bdrm/2bath Single ...

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Powell Realty Of South Florida

3 Bed • 2 Bath • 1,723 Sf

$299,999

N/a, Fort Lauderdale

Location, Location, Location!!! The Perfect Home At The Perfect Price! Great Investment To Live In Or Rent Out; Perfect For First Time Home B...

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Keller Williams Partners
Reduced 3%

3 Bed • 2 Bath • 1,828 Sf

$299,999

3598 Nw 39 Street, Fort Lauderdale

Likable Property In Quiet Neighborhood. Beautiful Backyard With Potential For Pool, Lawn Or Garden. Strongly Built Florida Room For Entertainment P...

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Mount Eagle Realty
New Listing

4 Bed • 3 Bath • 2,250 Sf

$299,900

486 W Evanston Cir, Fort Lauderdale

Up To $3,000 Lender Credit Towards Closing Costs And New 4-piece Stainless Steel Appliance Package If Buyer Decides To Use Seller's Preferred Lende...

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Realty Wholesalers Inc

3 Bed • 2 Bath • 1,201 Sf

$299,900

3480 Sw 15th St, Fort Lauderdale

3/2 Corner Lot Home, Fully Remodeled And Exceptionally Maintained In Desirable Riverland Area. Beautifully Maintained Community Without The Hassle,...

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Nexthome At The Beach

3 Bed • 2 Bath • 2,474 Sf

$299,900

2841 Sw 3rd Ct, Fort Lauderdale

3 Bedroom 2 Bathroom With 2474 Sq Ft Single Family Home In Highly Desirable Midland Neighborhood, 3 Minutes From I-95, 10 Minutes From Downtown Ft ...

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Galleria International Realty

3 Bed • 2 Bath • 1,116 Sf

$299,900

2971 Sw 14th St, Fort Lauderdale

Beautifully Upgraded 3 Bed 2 Bath Single Family House In The Sought After Area Of Riverland In Fort Lauderdale. New Expresso Kitchen Cabinets With ...

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Atlantic Realty & Inv. Corp.

4 Bed • 2 Bath • 1,824 Sf

$299,900

3300 Sw 17th St, Fort Lauderdale

Large True Corner 4 Bedroom 2 Bath; Also Has Additional Extra Large Bonus Room For Easy 5th Bedroom/mother In Law Suite Or Possible Home Office! Re...

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Jk Realty Associates, Llc

4 Bed • 2 Bath • 1,856 Sf

$299,900

1140 N Andrews Ave, Fort Lauderdale

Charming 4/2 Home In Trendy Progresso District. Centrally Located Near Highly Desirable Wilton Manors, Las Olas Boulevard For Fasion Boutiques, Art...

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Re/max Advance Realty Ii
Reduced 6%

3 Bed • 2 Bath • 1,094 Sf

$299,000

3609 Sw 22nd St, Fort Lauderdale

Beautiful Single Home 3 Bedrooms, Two Bathrooms, (with Extra Room And Bath)huge Family Room, Tile Floors Throughout, New Kitchen With Granite Count...

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Selva's Realty, Inc.

3 Bed • 2 Bath • 1,384 Sf

$299,000

3309 Sw 17th St, Fort Lauderdale

Updated 3 Bedroom/2 Bathroom With Pool In The Heart Of Riverland Village. New Kitchen, Newer Roof, Large Master Bedroom W/ Huge Walk-in Closet, Flo...

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Charles Rutenberg Realty Llc

3 Bed • 1 Bath • 1,274 Sf

$299,000

1630 Nw 4th Ave, Fort Lauderdale

Fantastic House, You Will Fall In Love With This Beautiful Renovated Home, Great Location In Desirable Wilton Manors Area In Fort Lauderdale. This ...

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Miami Forever Real Estate
Reduced 5%

2 Bed • 1 Bath • 868 Sf

$299,000

1208 Ne 10th Ave, Fort Lauderdale

2/1 Single Family Home In East Fort Lauderdale. Central A/c. All Tile Floors. Fresh Two-toned Paint Job. Crown Molding Throughout. Florida Room W/a...

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Florida Dominion Inc
Reduced 7%

4 Bed • 2 Bath • 1,569 Sf

$299,000

2821 Sw 5th Ct, Fort Lauderdale

Beautiful Updated Home Ready To Move In. 4 Bedroom 2 Bathroom And 1 Car Garage In A Very Quiet Neighborhood. Great Schools And Close To I95, Turnpi...

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Skye Louis Realty Inc
Reduced 3%

3 Bed • 1 Bath • 1,203 Sf

$299,000

619 Sw 20th St, Fort Lauderdale

Come Take A Look And Be Prepared To Be Impressed With This Wonderful Updated Pinehurst/croissant Park Area Home. The Sellers Lost Is The Buyers Ga...

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Oceanica Realty Llc

3 Bed • 2 Bath • 1,851 Sf

$298,000

2920 Sw 11th St, Fort Lauderdale

Spacious And Totally Remodelled 3/2 Home. New Roof, New Ac, New Kitchen With Stainless Steel Appliances, New Flooring, New Light Fixtures. Large Fa...

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L & L Realty Group

3 Bed • 2 Bath • 1,608 Sf

$297,000

1499 Sw 46th Ave, Fort Lauderdale

Location,location,location!right On 46th Ave In Broadview Park.no Front Neighbors Just Calm Greenery View.features Stainless Steel Appliances,grani...

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United Realty Group Inc

2 Bed • 1 Bath • 720 Sf

$295,000

1705 Sw 12th Ct, Fort Lauderdale

Welcome To Shady Banks! Your New Home Has Two Bedrooms And One Bathroom, A Single Car Garage And Has Room For A Pool.some Of Your Interior Features...

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The Keyes Company

2 Bed • 1 Bath • 696 Sf

$295,000

709 Se 22nd St, Fort Lauderdale

Beautifully Fully Remodeled Private Corner Lot Home. New Roof, New Central Air Conditioning System, Upgraded Electrical System, Hurricane Impact Wi...

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South Florida Rental Property Management, Llc

3 Bed • 3 Bath • 1,080 Sf

$295,000

2831 Sw 18th Ter, Fort Lauderdale

Highly Desirable Sfh In East Ft Lauderdale! This 3 Bedroom & 2.5 Bath Home Features A Nice Open Floor Plan, Bathrooms Remodeled, New A/c, New Dryer...

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Regency Realty Services

3 Bed • 2 Bath • 1,778 Sf

$295,000

810 Tennessee Ave, Fort Lauderdale

Back On The Market!!! Perfect Home For The First Time Home Buyer!!! Beautifully Remodeled 3 Bedroom, 2 Bath Home With Granite Counter Tops In The K...

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Pat Hance Realty
Reduced 5%

4 Bed • 2 Bath • 2,322 Sf

$295,000

1831 Nw 27th Ter, Fort Lauderdale

Captivating And Spacious Home To Fulfill Your Expectations Of Your New Home. Corner Lot In Lake Aire Estates, Over 2458 Square Feet. Freshly Painte...

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Real Property Executives,llc
Reduced 3%

3 Bed • 3 Bath • 1,591 Sf

$295,000

1809 Sw 10th Ct, Fort Lauderdale

"must See This Old Florida Charm" The Exoctic Flora And Bird-friendly Floridas Native Plants In This Residential Community Of Riverside Park. 3 B...

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Century 21 City Real Estate

3 Bed • 2 Bath • 1,116 Sf

$294,900

1360 Sw 29th Ave, Fort Lauderdale

Beautiful 3 Bedroom 2 Bath Home With A Huge Back Yard With 2 Carport With Doors Room To Park An Rv Or Your Boat. This Home Features Tile Throughout...

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The Keyes Company

3 Bed • 2 Bath • 1,431 Sf

$293,500

1930 Gardenia Rd, Fort Lauderdale

Wonderful Single Pool Home In Plantation (floral Heights Subdivision) 3 Beds / 2 Baths, Amazing 1,501 Sqft In 6,948 Sqft Lot. Tiles Floors, Roof I...

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Brokers, Llc
Reduced 1%

3 Bed • 2 Bath • 1,746 Sf

$293,000

419 E Evanston Cir, Fort Lauderdale

This House Has Been Substantially, Carefully, And Tastefully Remodeled With A Spacious Open Concept Floor-plan Offering Lots Of Natural Light, Boas...

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Keller Williams Realty Cs
Reduced 6%

3 Bed • 2 Bath • 1,650 Sf

$292,000

4841 Sw 29th Ave, Fort Lauderdale

Beautiful 3 Bed / 2 Full Bath Single Family Home, Ranch Style With Carport, Renovated, Nice Large Backyard, Tile Floor, Close To Shops, House Of Wo...

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Wharton Realty Group, Llc

3 Bed • 1 Bath • 1,479 Sf

$290,000

3170 Jackson Blvd, Fort Lauderdale

Pride Of Ownership In This Well Maintained Pool Home In Sw Ft Lauderdale. 3 Bedroom 1 Bath. Turn Key Home. New Roof In 2018. New Reem Water Heater...

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Keller Williams Realty Profess

3 Bed • 2 Bath • 1,696 Sf

$290,000

N/a, Fort Lauderdale

Large 3/2 Home In Good Condition, Located In Melrose Park. Feature Newer Kitchen(2012), Newer A/c(2013), New Hot Water Heater, Tile Roof(2012), 2-c...

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All County Realty
Reduced 3%

3 Bed • 1 Bath • 1,403 Sf

$290,000

3371 Sw 15th Ct, Fort Lauderdale

Come See This Beautiful Updated Three Bedroom One Bath Home. Large Fenced Yard With Amazing Shade Trees.huge Tropical Paradise, Large Mature Mango ...

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Charles Rutenberg Realty Llc

2 Bed • 2 Bath

$290,000

1123 Nw 7th Ave, Fort Lauderdale

Stunning Remodeled 2 Bathroom 2 Bedroom..! New!!! Impact Windows & Exterior Doors Porcelain Floor, Roof, A/c, Electric Water Heater, Plumbing & Ele...

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International Realty Group

3 Bed • 2 Bath • 1,565 Sf

$290,000

6141 Nw 34th Way, Fort Lauderdale

Enjoy An Abundance Of Natural Light In This Charming 2 Level Home In Fort Lauderdale’s The Lofts At Palm-aire Village! Designed With Practicality I...

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The Keyes Company
Reduced 15%

3 Bed • 2 Bath • 2,062 Sf

$290,000

117 Nw 11th St, Fort Lauderdale

Fee- Simple Attached Twin Home. 3 Bedroom , Unapproved Short Sale, Tenant Occupied. Buyer To Use Sellers Attorney As Closing Agent, T...

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United Realty Group Inc
Reduced 3%

3 Bed • 2 Bath • 1,425 Sf

$290,000

3130 Sw 20th Ct, Fort Lauderdale

Short Sale. Great Opportunity For Investor.

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Re/max Prime

2 Bed • 1 Bath • 1,159 Sf

$289,999

1140 Nw 4th Ave, Fort Lauderdale

You'll Love This Beautiful One-story Home Located Just 10 Minutes To The Beach. Downtown Fort Lauderdale, Elementary School, Dillard High School, H...

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Macken Realty Inc
Reduced 3%

4 Bed • 3 Bath • 1,431 Sf

$289,999

2931 Sw 13th Ct, Fort Lauderdale

Nice 4 Bedroom 3 Bathroom Home Located In Central Fort Lauderdale. This Home Features Beautiful Wood Beam Ceiling And A Newly Updated Kitchen. The ...

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Weichert Realtors Hallmark Pro

2 Bed • 1 Bath • 985 Sf

$289,900

1007 Ne 12th St, Fort Lauderdale

Great Opportunity For You To Own In A Great Location ,the Heart Of East Fort Lauderdale. Walking Distance From Art District. Minutes From The Beac...

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United Realty Group Inc

4 Bed • 2 Bath • 1,770 Sf

$289,900

901 Alabama Ave, Fort Lauderdale

**stunning 4/2 Home Completely Remodeled From Head To Toe. Premium Finishes Through Out With Modern Decor. New Kitchen W/ Ss Apps, White Quartz, & ...

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Sweetman Real Estate

3 Bed • 1 Bath • 1,277 Sf

$289,900

1313 Nw 6th Ave, Fort Lauderdale

Amazing Bright & Spacious Midcentury Home W/ Modern & Sleek Design Ready To Move In, Located In S. Middle River/sw Wilton Manors, W/ Short Distance...

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Premier Investments Realty
Reduced 2%

3 Bed • 1 Bath • 1,167 Sf

$289,900

2610 Sw 13th Ave, Fort Lauderdale

Charming Fully Remodeled Home For Sale In The Desirable Neighborhood Of Edgewood. This Home Features Brand New Tile Floors Throughout The House, Up...

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Golden Acre Real Estate Corp

3 Bed • 2 Bath • 1,878 Sf

$289,900

601 Pennsylvania Ave, Fort Lauderdale

Large 3bed/2bath 2cp,pool, Corner Lot

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All County Realty
Reduced 3%

5 Bed • 4 Bath • 1,857 Sf

$289,000

1712 Nw 7th Ave, Fort Lauderdale

Huge 5 Bedrooms 4 Bathrooms House In Progresso! New Roof And Pgt Impact Windows And Doors Throughout. Great For An Investor Looking For Income - Th...

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Homeinc Realty Llc

3 Bed • 1 Bath • 882 Sf

$289,000

1537 Sw 30th St, Fort Lauderdale

Desirable Ft. Lauderdale Single Family Pool Home. This 3 Bedroom 1 Bathroom Home Is Conveniently Located In The Heart Of Ft. Lauderdale. Property F...

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Lokation Real Estate

4 Bed • 2 Bath

$289,000

2734 Nw 8th St, Fort Lauderdale

Brand New Construction House Built 2019 - Expected To Be Finished By The End Of June 2019 - Get Into A House With 0 Issues From The Start. No Expen...

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Homeinc Realty Llc

4 Bed • 2 Bath

$289,000

2898 Nw 12th St, Fort Lauderdale

Brand New Construction House Built 2019 - Expected To Be Finished By The End Of June 2019 - Get Into A House With 0 Issues From The Start. No Expen...

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Homeinc Realty Llc

3 Bed • 2 Bath • 1,642 Sf

$289,000

100 Sw 21st Way, Fort Lauderdale

This Is The Opportunity You Have Been Waiting For!! 2 Br 1 Ba Home With An Attached 1 Bedroom 1 Bath Efficiency Plus Pool. Prime Rental Income Pro...

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Keller Williams Legacy

John Sabia

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