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 Wilmington, DE. If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in New Castle County, we've been able to rank it against its peer counties within Delaware. To provide an even fuller picture, we also ranked Delaware against all other US states.
|Region||Rank in # of Flips||Rank in Flip Profit|
#35th in US
#3rd in US
|New Castle County||
#1st in DE
#3rd in DE
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
Latest Monthly Sales Count
0.1% from last quarter
-0.75% from last quarter
even from last year
-0.06% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with New Castle County. This is a good sign that flipping a house here will be successful.
|Delaware||967,171||1.05%||#45th in US|
|New Castle County||559,335||0.52%||#1st in DE|
|19809||14,049||#25th in DE|
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.