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 240 Listings
Price, High to Low

3 Bed • 2 Bath • 1,557 Sf

$300,000

727 Nw 2nd Ave, Fort Lauderdale

Progresso, Progresso, Progresso! Location Is Key And This Is It! This Is The New Appreciating Subdivision In Fort Lauderdale, Just Minutes To Down...

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Re/max Advisors
Reduced 3%

3 Bed • 2 Bath • 1,200 Sf

$300,000

3390 Sw 20th St, Fort Lauderdale

Just Reduced!!! Must See!! Great Opportunity To Purchase This 3/2 Single Family Home In A Highly Desirable Neighborhood. This Home Has Hurricane Im...

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United Realty Group Inc
Reduced 8%

3 Bed • 2 Bath • 1,239 Sf

$299,999

221 Sw 15th St, Fort Lauderdale

Beautiful Three Bedroom Two Bath Home. Located In East Ft Lauderdale. Perfect Central Location To The Airport, Port Everglades, The Beach, Restaur...

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Sea Island Realty Inc.

2 Bed • 1 Bath • 1,050 Sf

$299,900

704 Sw 12th St, Fort Lauderdale

East Ft Lauderdale Location , East Of I-95, Close To Courthouse, Las Olas, Downtown Area - Investors Delight - Handyman Special - Home Has Great E...

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Realty 100

2 Bed • 1 Bath • 1,140 Sf

$299,900

1716 Sw 10th Ct, Fort Lauderdale

Charming Cottage Home In The Heart Of Fort Lauderdale! This 2 Bedroom And One Bathroom Home Reflects The Original Spirit Of Florida Living With Ple...

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Fisher Mcclellan Real Estate

3 Bed • 2 Bath • 1,804 Sf

$299,900

751 Sw 30th Ave, Fort Lauderdale

Newly Remodeled 3/2 Home In The Southwest Area Of I-95 And Broward Blvd Within The Melrose Subdivisions, Very Close To School, Park And Everything ...

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Arena And Company

2 Bed • 1 Bath • 987 Sf

$299,900

1413 Nw 5th Ave, Fort Lauderdale

Stunning Renovated Single Family Home 2 Bedrooms 1 Bathroom, Is Located A Very Short Distance From Wilton Manors & Downtown. This Beautiful And Bri...

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Galleria International Realty
New Listing

3 Bed • 1 Bath • 1,429 Sf

$299,000

1131 Sw 31st St, Fort Lauderdale

Very Charming 3 Bedroom, 1 Bath Home Perfectly Located In South Ft. Lauderdale. . Huge Fenced Backyard With Great Deck, Well Manicured And Room For...

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Broward Realty Partners

3 Bed • 2 Bath • 1,290 Sf

$299,000

2017 Sw 27th Ave, Fort Lauderdale

Updated 3 Br 2 Ba-1 Car Garage,circular Drive. Corner Lot. Updated Kitchen Has Granite Counters & Ss Appliances. Travertine Marble Floors In Living...

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Re/max Consultants Realty 1

3 Bed • 2 Bath • 1,116 Sf

$299,000

2950 Davie Blvd, Fort Lauderdale

Great Updated Family Home, 3/2 Close To Downtown, Airport, Major Hwys I-95, Turnpike, 441. Nearby Is Riverland Park Boat Ramp. Riverland Communi...

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Charles Rutenberg Realty Llc

2 Bed • 1 Bath • 878 Sf

$299,000

926 Sw 21st St, Fort Lauderdale

Let This Be The Year You ... Buy Instead Of Rent, Live On The East Side Of Town, Become A Landlord, Or, Buy A Vacation Home. This Home Is Manageab...

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Re/max Consultants Realty 1
Reduced 8%

2 Bed • 1 Bath • 720 Sf

$299,000

2012 Se 4th Ave, Fort Lauderdale

Fantastic Opportunity To Own 2 Structures 2/1 Main House And A Detached Garage. Rent Or Air B N B (convert The Garage For Maximum Potential) Main H...

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Berkshire Hathaway Fl Realty
Reduced 9%

3 Bed • 2 Bath • 1,261 Sf

$299,000

2418 Andros Ln, Fort Lauderdale

Beautiful Neighborhood, Nice Backyard Fenced, Open Kitchen, Marble Flooring, Impact Windows, Great Home! huge Reduction, To Selling Fast!!

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New Miami International Realty

3 Bed • 1 Bath • 987 Sf

$299,000

236 Sw 23rd St, Fort Lauderdale

Wonderful Starter Home Ready To Move In! This Is A True 3 Bed 1 Bath. Updated Kitchen, Updated Bathroom. Lovely Yard Area With Screened In Porch. T...

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Compass Florida, Llc
Reduced 5%

3 Bed • 1 Bath • 1,054 Sf

$299,000

206 Sw 10th St, Fort Lauderdale

Sellers Motivated! Recent Price Adjustment.don't Miss Your Chance To Own In Tarpon River, Short Walk To Downtown #lasolas. Ever Wanted To Own An Ai...

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Real Property Executives,llc

3 Bed • 2 Bath • 1,201 Sf

$295,000

2801 Sw 13th Ct, Fort Lauderdale

Absolute Bargain!3/2 Pool Home Under $300,000, This 50’s Home Is Situated In And Oversized Corner Enough Parking For Your Rv Or Boat. The Private...

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Capital Group Realty Of South Florida
Reduced 2%

4 Bed • 2 Bath • 1,627 Sf

$295,000

1210 Nw 46th Ct, Fort Lauderdale

Beautiful 4 Bedrooms 2 Bath Single Family Home. Great Layout With Garage Legally Converted To 4th Bedroom. Hurricane Shutters For All Openings. Loc...

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Premier Agent Realty

3 Bed • 2 Bath • 1,806 Sf

$295,000

1106 Alabama Ave, Fort Lauderdale

Must See! Motivated Seller's ....this Home Is A 3/2 With Large Family Room, Original Fireplace, And Oversized Backyard W/plenty Space For Pool........

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Coral Shores Realty

3 Bed • 2 Bath • 1,649 Sf

$295,000

2812 Sw 3rd Ct, Fort Lauderdale

Must See! Single Family 3/2 Updated Kitchen Original Fire Place Very Nice Starter Home

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Coral Shores Realty

2 Bed • 2 Bath • 1,766 Sf

$295,000

1424 Ne 56th St, Fort Lauderdale

Hud Owned Property. Case #095-197731. On-line Bids Must Be Submitted On The Hudhomestore Website By A Registered Agent/broker. Property Sold As-is ...

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Kurman Realty Group
Reduced 1%

3 Bed • 2 Bath • 1,746 Sf

$295,000

830 Sw 30th Ave, Fort Lauderdale

Motivated Seller!!! Buyer's Lost Is Your Gain. Let's Make A Deal!!! The Most Desirable Area In Ft Lauderdale. Home Has Been Tastefully Upgraded. Co...

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Epic Realty
Reduced 8%

2 Bed • 1 Bath • 924 Sf

$295,000

207 Sw 11th St, Fort Lauderdale

All Offers Welcome-come Check Out This Incredible Investment Opportunity In Tarpon River. A Recent Price Improvement-this Original Florida Cottage ...

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Real Property Executives,llc
Reduced 3%

2 Bed • 1 Bath • 776 Sf

$295,000

1602 Ne 1st Ave, Fort Lauderdale

Fully Furnished And Active Airbnb For Sale In Middle River Terrace! This Is An Investor's Dream. Already Set Up And Running, This Single Family Hou...

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Dettman Realty Group Llc
Reduced 2%

3 Bed • 2 Bath • 1,596 Sf

$295,000

321 Kansas Ave, Fort Lauderdale

Large 3bed/2bath Sfh +home With Large Yard And Covered Parking For 2 Cars Only Needs A Fresh Coat Of Paint. This Spacious Melrose Park Home Is Cen...

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The Keyes Company

3 Bed • 1 Bath • 1,355 Sf

$295,000

1237 Nw 7 Avenue, Fort Lauderdale

Gorgeous Mediterranean-always Fashionable.remodeled With Permits. 3 Bed/1bath Can Easily Add 1/2 Bath In Ac/wd Closet & Put Tankless Heater/move Wd...

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Cesar Balbin R.e Broker
Reduced 2%

3 Bed • 2 Bath • 1,371 Sf

$293,000

3240 Jackson Blvd, Fort Lauderdale

Beautifully & Completely Renovated Single Family Home 3/2/ Carport, Cement Driveway For Three Cars. Located In Melrose Park Neighborhood ,fort Laud...

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Optimar International Realty

4 Bed • 2 Bath • 2,100 Sf

$290,000

2921 Nw 6 Court, Fort Lauderdale

Come See This Beautifully Remodeled 4/2 Single Family Home! fully Updated Modern Design With Tile Floors Throughout, High Hat Light Fixtur...

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Levco Real Estate Group Llc
Reduced 2%

3 Bed • 2 Bath • 1,181 Sf

$290,000

853 Sw 12th St, Fort Lauderdale

Great House Located On Tarpon River , 1 Mile To Las Olas Blvd, 5 Minutes Driving, 4 Miles To Best Beaches In Fort Lauderdale, Investors Dream Or ...

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Incmobilia, Llc.

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

4 Bed • 3 Bath • 1,185 Sf

$289,995

4651 Sw 19th St, Fort Lauderdale

Exceptional Property With So Many Plus Points. Larger Than Tax Record Shows. Split Floor Plan With 2 Bedrooms On One Side & Master Bedroom On The O...

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Novo Realty Group Corporation

7 Bed • 3 Bath • 3,216 Sf

$289,900

2809 Nw 8th Rd, Fort Lauderdale

Unique Opportunity To Own A Huge Home With A Pool And On The Water In Washington Park. home Fitures 7 Bedrooms And 3 Bathrooms, Brand New ...

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Leo Reyes Pa
New Listing

3 Bed • 2 Bath • 1,060 Sf

$289,900

1448 Sw 10th St, Fort Lauderdale

Charming Ranch Home In The Delightful Riverside Park Neighborhood Of Fort Lauderdale. 3 Bedrooms, 2 Bathrooms. 1-car Garage. Brand New Roof!! Garde...

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Bhhs Ewm Realty

4 Bed • 2 Bath • 1,768 Sf

$289,900

3021 Sw 5th Ct, Fort Lauderdale

This House Has Everything For A Family Home. Open Floor Plan, Large Living Room, Updated Kitchen And Bathrooms, Large Two Car Garage And More! Hu...

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Offerlane Realty Llc
Reduced 3%

2 Bed • 1 Bath • 1,277 Sf

$289,000

2171 Sw 36th Ter, Fort Lauderdale

Charming And Well-maintained Pool Home On A Large Lot. This Home Is Priced To Sell With Lots Of Great Features Such As A Beautiful Private Tranquil...

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Florida Realty Fusion Corp

2 Bed • 2 Bath • 1,087 Sf

$289,000

3233 Ne 34th St 215, Fort Lauderdale

Gorgeous 2/2 Completely Remodeled.walk To Restaurants And Shopping. Well Maintain Building. Pool On The Intra Coastal. Must Be 55 Or Older

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United Realty Partners

5 Bed • 2 Bath • 1,810 Sf

$289,000

591 Sw 29th Ave, Fort Lauderdale

Open & Spacious 5 Bedroom 2 Bath Home In The Heart Of Fort Lauderdale. Property Features Updated Kitchen & Updated Baths, Tile Throughout,split Flo...

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Worldwide Properties

3 Bed • 2 Bath • 1,003 Sf

$288,900

1316 Ne 1st Av, Fort Lauderdale

Great East Side Single Family Home For Sale With Attached Carport And Huge Fenced Yard. Fully Updated In The Last 5 Months, New Bathrooms Also, New...

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Coldwell Banker Residential Re

3 Bed • 2 Bath • 1,624 Sf

$285,000

1149 Tennessee Ave, Fort Lauderdale

Charming 3/2 Single Family Home With Lots Of Upgrades. New Kitchen With New Stainless Steel Appliances, Granite Counter Tops, Water Resistance Floo...

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Tropical Springs Realty

3 Bed • 1 Bath • 1,223 Sf

$285,000

4400 Nw 15th Ave, Fort Lauderdale

Great Single Family Home That Has Been Updated. This Home Features 74 Feet On The Lagoon, 2 Bedrooms 1 Bath With An Additional Bonus Room. There Is...

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Century 21 Hansen Realty Inc
Reduced 2%

3 Bed • 2 Bath • 2,045 Sf

$285,000

119 Nw 28th Ave, Fort Lauderdale

A Rare Corner Lot Property In Move-in Condition. Almost Brand New. Rarely Occupied. Absolute Beauty With All New Stainless Steel Appliances. Open, ...

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Ingram Jocelyn Real Estate
Reduced 2%

3 Bed • 2 Bath • 1,400 Sf

$284,000

2825 Sw 2nd Ct, Fort Lauderdale

Large 3 Bedroom 2 Bath Home Fully Remodeled Home With Upgraded Kitchen And Bath New Plumbing And Electrical Newer Roof And Central Ac. This Is A Go...

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Equitymax Inc

4 Bed • 2 Bath • 1,652 Sf

$280,000

601 E Melrose Cir, Fort Lauderdale

Stunning!beautiful Large 4 Bedroom 2 Bathroom House In Melrose Park. This House Is Located In A Wonderful And Peaceful Neighborhood With Back Yard ...

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Transflorida Realty, Llc

3 Bed • 2 Bath • 1,451 Sf

$280,000

6860 Nw 31st Way, Fort Lauderdale

Welcome To Palm Aire Village! You Will Be Delighted To See This Amazing Home With Wide Open Spaces. French Doors Accent The Dining Area And Master...

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Re/max Preferred
Reduced 2%

3 Bed • 2 Bath • 1,380 Sf

$280,000

1131 Sw 32nd Ct, Fort Lauderdale

**charming And Well Maintained 3 Bedroom/2 Bath Home In Of Fort Lauderdale**. All The Roofs Are In Great Condition And Warranted. The Home Was Just...

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Better Homes & Gdns Re Fla 1st
Reduced 2%

3 Bed • 2 Bath

$280,000

2820 Nw 9th Pl, Fort Lauderdale

New Construction!!!!! Enjoy This New Built 3 Bed 2.5 Bath Home In Ft. Lauderdale. Great For First Time Homeowners. Open Floor Plan, And Nice Big Hu...

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Realty Exchange Network, Inc
Reduced 1%

3 Bed • 2 Bath • 1,635 Sf

$279,990

150 Florida Ave, Fort Lauderdale

Bring All Offers. The Perfectly Located 3 Bedroom 2 Bath, 1 Car Garage Single Family Home With A Beautiful Pool Is Located Less Then 5 Minutes From...

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Housing Hub Realty Llc

2 Bed • 1 Bath • 1,027 Sf

$279,900

1441 Nw 1st Ave, Fort Lauderdale

Stylish 2 Bedroom 1 Bath Pool Home Located In S. Middle River. Home Boasts An Open Floor Plan W/split Bedroom Layout. Fully Updated Kitchen & Bath....

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Lokation Real Estate
Reduced 3%

2 Bed • 1 Bath • 864 Sf

$279,700

1524 Nw 2nd Ave, Fort Lauderdale

Charming 2 Bedroom 1 Bath Home With Very Large Back Yard. Room For Pool, Koi Pond And Beautiful Garden To Hang Out In. Brand New Roof, Modern Kit...

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