House Flipping Report
Neighborhood Data
Ocean View, DE 19970
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 Ocean View, DE . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Sussex 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
Delaware
#35th in US
#3rd in US
Sussex County
#2nd in DE
#1st 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
$ 389,900-0% YoY Change
Latest Monthly Sales Count
List Price /sqft
$177
0% from last quarter
Reduced Listings /Month
12
-0.25% from last quarter
Avg. Days on Market
124
-0.16% from last year
Average Home Sqft
$2,100
even 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 Sussex County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Delaware 967,171
1.05% #45th in US
Sussex County
229,286
2.26% #2nd in DE
19970
6,170
#41st 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.
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