Flipping a house? The 10 best cities for flippers.
These 10 cities were the most profitable markets for people flipping a house in 2012, according to RealtyTrac. Can you guess which city had the highest average profit on flipped homes?
9. Sarasota-Bradenton-Venice, Fla. (34 percent)
Total housing units: 399,624
Single family flips: 999
Average pre-flip purchase price: $116,783
Average flipped price: $156,983
The success of Sarasota’s housing market is closely tied to the job market in the northern United States: The more jobs improve, the more workers retire and demand housing down in Florida. And Sarasota is prime real estate. It’s on Florida’s Gulf Coast between Tampa and Fort Myers, with two private colleges and a decidedly small-town feel.