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 219 Listings
Price, High to Low

3 Bed • 2 Bath

$300,000

813 Nw 19th Ave, Fort Lauderdale

Most See. Property Completely Renovated To The Highest Standards. Large 3/2 Sfr, Huge Master With Walking Closet. Beautiful Tile Floor. Living ...

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Xtreme International Realty

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 6%

3 Bed • 2 Bath • 1,050 Sf

$299,999

2760 Sw 3rd Ct, Fort Lauderdale

Amazing And Newly Renewed 3/2 Home In Charming And Quiet Neighborhood You Will Find This Completely Renewed Home Has Been Fully Upgraded! Cbs Const...

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Listwithfreedom.com

3 Bed • 1 Bath • 1,075 Sf

$299,950

1341 Nw 5th Ave, Fort Lauderdale

Fabulously Renovated Home In South Middle River. Every Detail Was Carefully Updated In 2019. New Roof; New Impact Windows And Doors; New A/c; New...

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Charles Rutenberg Realty Llc

3 Bed • 2 Bath • 1,696 Sf

$299,950

730 Long Island Ave, Fort Lauderdale

Up To $3,000 Lender Credit Towards Closing Costs And New 3-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 • 1,456 Sf

$299,900

3137 Sw 15th St, Fort Lauderdale

3/2 Ranch Home With Pool & Impact Glass Priced To Sell! Excellent Layout And Over Sized Corner Lot Is Perfect For Entertaining And Privacy! Lots Of...

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Berkshire Hathaway Homeservices Florida Realty
Reduced 2%

3 Bed • 3 Bath • 1,859 Sf

$299,900

1400 Nw 44th Ct, Fort Lauderdale

A Great Property With Open Water Views, Ready For Your Personal Touch! This Home Has A Great 3 Bed/ 3 Bath Layout, And Is One Of The Largest Prope...

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Keller Williams Realty Profess

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
Reduced 3%

2 Bed • 1 Bath

$299,900

1428 Nw 7th Avenue, Fort Lauderdale

Turn Key !!! Completely Remodeled, Charming, Ready To Move-in Home In South Middle River. New Roof (year 2019)new Insulation & New Electrical Panel...

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Charles Rutenberg Realty Llc
Reduced 14%

2 Bed • 2 Bath • 1,323 Sf

$299,900

2109 Ne 56th Ct, Fort Lauderdale

Great Opportunity To Own This Beautiful 2/2 Home Located In Desirable Imperial Point. Completed Up-date Gorgeous Kitchen With Granite Counter Top, ...

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Richards Realty
Reduced 4%

3 Bed • 2 Bath • 1,648 Sf

$299,000

5041 Sw 29th Way, Fort Lauderdale

Spacious 3/2 Pool Home! Screened Patio Encloses Large Pool And Patio. Huge Storage Shed In Yard Has A/c & Could Possibly Be Used As Artist Studio O...

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Century 21 Wieder Realty

3 Bed • 2 Bath • 2,062 Sf

$299,000

117 Nw 11th St, Fort Lauderdale

Location , Best For Investors/ Home Buyers , Location . Fee- Simple Attached Twin Home. 3 Bedroom , Unapproved Short Sale, Tenant Occupied...

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United Realty Group Inc
Reduced 3%

3 Bed • 2 Bath • 1,552 Sf

$299,000

611 Sw 38th Ter, Fort Lauderdale

3 Bedroom 2 Bathroom Spacious Home In Melrose Park. Home Features New Roof, New Kitchen, New Floors And Impact Windows. Extra Living Space, Laun...

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Truecastle Realty, Inc.

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
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
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

6 Bed • 2 Bath • 1,308 Sf

$299,000

1616 Nw 11 Street, Fort Lauderdale

Everything In This House Has A Permit.home Has New Addition & Many New Features.it Can Also Be Rented On Sect 8 For $2850+- Month With 2 More Bedro...

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Cesar Balbin R.e Broker
Reduced 4%

3 Bed • 3 Bath • 1,715 Sf

$298,000

2831 Nw 9th Ct, Fort Lauderdale

Beautiful Newly Constructed 3 Bedroom 3 Bath Home With 9 1/2ft Ceilings Porcelain Tile Throughout The Entire Home. Property Includes 2 Car Garage B...

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Florida Realty Of Miami Corp

4 Bed • 2 Bath

$297,000

2716 Nw 14th St, Fort Lauderdale

Brand New Construction In Fort Lauderdale, 4 Bedrooms, 2 Full Baths, 2 Car Garage, 1,995 Sq Ft. Will Be Finished By The End Of December 2019 - Get ...

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London Foster Realty
Reduced 4%

3 Bed • 2 Bath • 1,277 Sf

$297,000

840 Sw 12th Pl, Fort Lauderdale

Nestled At The Center Of The Cul-de-sac In Fort Lauderdale’s Desirable Croissant Park (with No Hoa Fees) The Perfect Home Is Waiting! You’ll Be Wel...

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The Keyes Company
Reduced 6%

2 Bed • 2 Bath • 1,100 Sf

$296,000

1750 E Las Olas Blvd 603, Fort Lauderdale

Priced To Sell!! Rarely Available 2/2 In Charming, Boutique Co-op Building On Las Olas Blvd. Corner Unit With Water Views From Every Room And Ever...

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Laura Kaplan Realty, Inc.

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
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 5%

3 Bed • 2 Bath • 1,338 Sf

$294,900

4530 Nw 12th Ave, Fort Lauderdale

Beautiful!! Single Home, 3 Bedrooms 2 Bahts , Family Room, Garage Converted, Perfect For New Homeowners Or Investment. Tenant Occupied, 24 Hou...

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The Caspi Team Realty, Inc.
Reduced 2%

3 Bed • 2 Bath

$292,000

1802 Nw 8th Pl, Fort Lauderdale

"great Opportunity" To Own This New 3/2 Home With Hurricane Rated, Energy Efficient, Green Construction! Impact Rated Lawson Windows, Metal Clad En...

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United Real Estate Advisors
Reduced 3%

2 Bed • 1 Bath • 987 Sf

$292,000

1413 Nw 5th Ave, Fort Lauderdale

Beautiful Renovated Home 2 Bedrooms 1 Bathroom, Is Located A Very Short Distance From Wilton Manors & Downtown. Modern & Bright Home Has A Redesign...

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Galleria International Realty

2 Bed • 1 Bath • 1,116 Sf

$290,000

807 Sw 18th St, Fort Lauderdale

Croissant Park Beauty! Opportunity To Upgrade Or Keep The Midcentury Vibe. Original Wood Floors Thru Out. Spacious Kitchen, Separate Dining Room. ...

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Mcelliot Properties

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
New Listing

3 Bed • 2 Bath • 1,003 Sf

$289,900

1316 Ne 1st Av, Fort Lauderdale

Lovely Upgraded And Freshly Painted 3 Bed 2 Bath Single Family Home In Fort Lauderdale With Screened In Porch. Property Has Not Been Occupied Since...

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Keller Williams Realty Cs

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
New Listing

4 Bed • 2 Bath • 1,386 Sf

$289,000

1612 Nw 11th Ave, Fort Lauderdale

Huge Brand New Renovated House With A Pool! House Has Over 1,590sqft Of Under Air Living Area - Lots Has Almost 9,000sqft! Features Tile Flooring T...

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Homeinc Realty Llc

1 Bed • 2 Bath

$289,000

505 N Fort Lauderdale Beach Blvd 2206, Fort Lauderdale

Enjoy The Ft. Lauderdale Beach Views From You Own Vacation Spot At The Q Club. This Fully Furnished 1 Bedroom/ 1.5 Bathroom Condo/hotel Offers Wate...

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Compass Florida, Llc
Reduced 3%

3 Bed • 1 Bath • 1,429 Sf

$289,000

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
Reduced 6%

3 Bed • 2 Bath • 1,393 Sf

$289,000

814 Nw 18th St, Fort Lauderdale

Beautiful And Spacious House In Fort Lauderdale Close To Everything!!! New Floors, Paint, Cabinets, Appliances - 3 Bedrooms, 2 Full Bathroom - Extr...

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United Realty Group Inc
Reduced 3%

3 Bed • 1 Bath • 987 Sf

$289,000

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

3 Bed • 2 Bath • 1,341 Sf

$287,500

651 E 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 • 1,746 Sf

$287,500

830 Sw 30th Ave, Fort Lauderdale

Motivated Seller!!! The Most Desirable Area In Ft Lauderdale. Home Has Been Tastefully Upgraded. Come & Bring Your Buyers. Extra Bonus Room That C...

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Epic 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, 3 Bedrooms 1 Bath. Updated Kitchen Features Stainless Ste...

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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 • 1,181 Sf

$285,000

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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Brickell Brokers R.e.
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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John Sabia

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