House Flipping Report
Neighborhood Data
Shoreham, NY 11786
Print
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 Shoreham, NY . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Suffolk County , we've been able to rank it against its peer counties within New York. To provide an even fuller picture, we also ranked New York against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
New York
#11th in US
#5th in US
Suffolk County
#1st in NY
#7th in NY
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 Median Sale Price
$ 519,500
-0.04% YoY Change
Latest Monthly Sales Count
1,983
In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Suffolk County . This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region
Population
Change YoY
Rank
New York
19,542,209
-0.25%
#4th in US
Suffolk County
1,481,093
-0.17%
#4th in NY
11786
6,344
#57th in NY
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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