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 310 Listings
Price, High to Low
Reduced 3%

3 Bed • 2 Bath

$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
Reduced 3%

3 Bed • 3 Bath • 1,791 Sf

$299,999

270 Florida Ave, Fort Lauderdale

This Property Is Incredible! It's A 3/3 + Den + Carport+ Extra Large Florida Room+ Storage! Located Just 8 Minutes From Downtown Las O'las As Well ...

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Century 21 Tenace Realty Inc
New Listing

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 4 Bedroom 2 Bath Also Has Additional Extra Large Bonus Room For Easy 5th Bedroom/ Mother In Law Suite Or Possible Home Office! Recently ...

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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

3 Bed • 2 Bath • 1,246 Sf

$299,900

3141 Sw 22nd St, Fort Lauderdale

Just Painted And Repaired And Ready For Occupancy. You Will Not Be Disappointed!! Sell It Today Great Access To X-ways And Shopping Areas. Exc...

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Lopez Realty Co.
Reduced 3%

4 Bed • 2 Bath • 2,140 Sf

$299,900

3110 Nw 69th St, Fort Lauderdale

Large Home On Corner Lot.features Huge Family Room With Fireplace,six Sets Of Pella Double Pane Doors,#1 Graded Ceder Ceiling And Opens Up To Decks...

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Gerrity Realty Inc.
Reduced 3%

3 Bed • 2 Bath • 1,667 Sf

$299,900

2607 Sw 13th Ct, Fort Lauderdale

Partially Remodeled And Spacious Three Bedroom Home With Family Room That Can Be Converted To 4th Bedroom. Home Has New Grey Bamboo Engineer Floo...

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All County Professional Prop
Reduced 3%

3 Bed • 2 Bath • 1,298 Sf

$299,900

3308 Sw 15th St, Fort Lauderdale

This Beautiful Totally Upgraded House Located In The Heart Of Riverland Features A Great Floorplan Layout Entry With High Beam Wood Ceilings. Cust...

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Related Isg International Real

3 Bed • 2 Bath • 1,862 Sf

$299,900

672 W Evanston Cir, Fort Lauderdale

Spacious And Full Remodeled 3/2 In The Heart Of Miramar. No Expense Spared In Upgrading This Beautiful Ranch Style Home Complete With Pool And Over...

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Luxe Properties
New Listing

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

3 Bed • 1 Bath • 1,000 Sf

$299,000

1008 Ne 17th St, Fort Lauderdale

3 Bedroom 1 Bath, Polished Terrazzo Flooring Throughout, New Closet Doors, New Ceiling Fans, New Stainless Steel Appliances, Quartz Counter Top, F...

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One Sotheby's Int'l Realty

3 Bed • 3 Bath • 1,614 Sf

$299,000

2820 Nw 9th Pl, Fort Lauderdale

Beautiful New Construction 3 Bed 2.5 Bath Home In Ft. Lauderdale. Modern Style Home With Open Floor Plan, Warm Natural Lighting, Porcelain Floors T...

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Berkshire Hathaway Fl Realty

2 Bed • 1 Bath • 874 Sf

$299,000

230 Sw 13th Ave, Fort Lauderdale

Rarely Available! Single Family Home In Sailboat Bend Historic Area. Features Include Hardwood Flooring, Fireplace, Skylights, Updated Bathroom & K...

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Alicia Realty
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 12%

4 Bed • 2 Bath • 2,345 Sf

$299,000

3381 Sw 18th St, Fort Lauderdale

This Immaculate, Professionally Designed Single Family Home Close To Down Fort Lauderdale And The Beaches. Property Has Been Renovated From Top To...

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Prime Asset Realty

3 Bed • 2 Bath • 1,516 Sf

$299,000

1125 Nw 16th Ct, Fort Lauderdale

Nice Single Family House 3bed/2bath , New Fresh Paint In Neutral Colors, Tile Floor Thru All The Property , Pbc Fence Will Be Install , Tropical La...

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Legacy Realty Services, Llc
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

2 Bed • 1 Bath • 796 Sf

$299,000

548 Sw 14th Ave, Fort Lauderdale

Charming Key West Style Cottage In Riverside Park! This Updated 2 /1 Includes Stainless Steel Appliances, Washer/dryer, Tile Floors, Fire Place, Va...

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Re/max First
Reduced 8%

4 Bed • 2 Bath • 1,414 Sf

$299,000

3050 Sw 17th St, Fort Lauderdale

Rare Find 4/2 Home On A Huge Double Corner Lot. Beautifully Manicured Grounds That Is Private And Completely Fenced, With Patios, Ponds And Tropica...

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United Realty Group 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 • 2,238 Sf

$298,800

331 Sw 29th Ter, Fort Lauderdale

Bring Your Buyers To Tour This Beautiful Immaculately Cleaned 4bdrm/2bath Single Family Pool Home Located In Highly Desirable Melrose Manors!! Fres...

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Powell Realty Of South Florida
Reduced 3%

3 Bed • 1 Bath • 1,431 Sf

$297,900

1216 Sw 31st St, Fort Lauderdale

This Beautiful New Family Home, Completely Remodeled Sits In A Nice And Safe Neighborhood. Great Location Impact Windows And Doors | 1,509 | Lot 7,...

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Xcellence Realty
Reduced 6%

2 Bed • 1 Bath • 6,429 Sf

$297,500

929 Sw 20th St, Fort Lauderdale

Newly Updated 2br/1ba Located In A Beautiful Area, Surrounded By Nature In The Yellowstone Neighborhood. Home Features A Large Fenced Backyard, Oak...

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The Cardenas Group Realty

3 Bed • 2 Bath • 1,778 Sf

$295,000

810 Tennessee Ave, Fort Lauderdale

Perfect Home For The First Time Home Buyer!!! Beautifully Remodeled 3 Bedroom, 2 Bath Home With Granite Counter Tops In The Kitchen, Stainless Stee...

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Pat Hance Realty

4 Bed • 3 Bath • 1,761 Sf

$295,000

N/a, Fort Lauderdale

Beautiful Home Ready To Move In. 4bed 2 1/2 Bath Located In Desirable Broadview Park. All You Need To Fall In Love With This House. New Kitchen Cab...

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Arg American Realty Group Llc
Reduced 3%

3 Bed • 2 Bath • 1,862 Sf

$295,000

220 Long Island Ave, Fort Lauderdale

Price Reduced! Bring Your Ready Buyers. Spacious 3 Bedroom, 2 Bathroom Home. Remodeled Kitchen. Large Garage, Laundry Room, And Backyard. ...

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Sellstate Partners Realty

4 Bed • 2 Bath • 1,940 Sf

$295,000

3330 Nw 69th Ct, Fort Lauderdale

Perfect 4/2 Home For A Growing Family! Pool With Large Backyard That Is Fenced For Privacy. Has Room In The Backyard To Relax And Enjoy The Flori...

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Internet Home Realty

3 Bed • 2 Bath • 1,347 Sf

$295,000

2908 Sw 14th St, Fort Lauderdale

Charming And Elegant Home Close To Downtown Fort Lauderdale, Beaches Shopping And Much More. Ideal Central Location In Popular Neighborhood. Lar...

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Re/max First
New Listing

3 Bed • 1 Bath • 999 Sf

$294,900

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 • 1,116 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
Reduced 1%

3 Bed • 2 Bath • 1,369 Sf

$294,500

3306 Sw 17th St, Fort Lauderdale

Cozy Well Maintained 3 Bed, 2 Bath Single Story Home Located In Riverland. No Hoa Fees, Close To The Beach, Shoppes And Major Highways. The Home ...

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Coldwell Banker Residential Re

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
Reduced 3%

2 Bed • 2 Bath • 947 Sf

$290,000

1223 Nw 2nd Ave, Fort Lauderdale

This Home Is Completely Remodeled And Sits On Over 6500 Sf Fenced Lot With Custom Italian Ultra Modern Cucina Kitchen, Granite Counter Tops, Whit P...

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Sellstate Partners Realty
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...

View Listing
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 ...

View Listing
Weichert Realtors Hallmark Pro
New Listing

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 3%

2 Bed • 2 Bath • 940 Sf

$289,900

2204 Sw 14th St, Fort Lauderdale

Privately Fenced Beautiful House 2 Beds And 2 Bath. Both Bathrooms Upgraded. Washer And Dryer Is Less Than A Year Old. The Roof Is Miami Dade Pine ...

View Listing
Beachfront Realty Inc
Reduced 3%

3 Bed • 2 Bath • 1,683 Sf

$289,900

721 Indiana Ave, Fort Lauderdale

Wow!! Reduced To Sell Now!! Totally Remodeled Single Family Home With No Hoa!! 3 Bedroom 2 Bath Home With Over 2000 Total Square Feet! Featuring An...

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United Realty Group Inc

3 Bed • 2 Bath • 1,878 Sf

$289,900

601 Pennsylvania Ave, Fort Lauderdale

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

View Listing
All County Realty
New Listing

3 Bed • 2 Bath • 953 Sf

$289,000

1209 Nw 7th Ave, Fort Lauderdale

Completely Renovated With Permits - Open Layout Living And Kitchen Area, New Kitchen With Granite Tops, Big Bedrooms, Lots Of Closets And Amazing B...

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Homeinc Realty Llc
Reduced 3%

3 Bed • 2 Bath • 1,265 Sf

$289,000

1110 W Prospect Rd, Fort Lauderdale

Where Else Will You Find A Renovated 3 Bed/ 2 Bath Home With A Split Floor Plan & Large Backyard For Under $300k With No Hoa! The Owners Added A Wo...

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The Keyes Company
Reduced 4%

3 Bed • 2 Bath • 1,248 Sf

$288,900

837 Sw 27th St, Fort Lauderdale

Spacious And Airy, Vaulted Ceilings, Master Suite With Attached Bath And Separate Entrance, Recently Updated With New Central A/c And Water Heater,...

View Listing
Berger Realty Group Inc
New Listing

3 Bed • 2 Bath • 2,418 Sf

$285,900

211 Sw 31st Ave, Fort Lauderdale

Charming Home W/ Private Backyard, Covered Patio & Pool. The Home Features Tile Floors Throughout, Kitchen W/ Attractive Counters, Updated Applianc...

View Listing
Sellstate Partners Realty

2 Bed • 1 Bath • 788 Sf

$285,000

816 Ne 16th Ct, Fort Lauderdale

This Beautifully Maintained Home In The Very Desirable Middle River Terrace Neighborhood, Is A Must See! A Charming Bungalow Features Two Bedrooms...

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Douglas Elliman

3 Bed • 2 Bath • 1,040 Sf

$285,000

1611 Sw 30th St, Fort Lauderdale

Location Is The Key! It Is Great As An Investment Property Or For Own Use. Minutes Away From The Interstate, Turnpike, Airport, And The Beach. Th...

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Jessica Rodriguez Realty, Inc.

John Sabia

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