House Flipping Report
Neighborhood Data
Saint Albans, ME 04971
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Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for Saint Albans, ME . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Somerset County , we've been able to rank it against its peer counties within Maine. To provide an even fuller picture, we also ranked Maine against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Maine
#47th in US
#51st in US
Somerset County
#9th in ME
#14th in ME
Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.
Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.
Latest Monthly Sales Count
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Somerset County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Maine
1,338,404
0.25%
#42nd in US
Somerset County
50,592
0.34%
#9th in ME
04971
2,005
#66th in ME
FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.
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