House Flipping Report
Neighborhood Data
Damascus, MD 20872
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 Damascus, MD . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Montgomery County , we've been able to rank it against its peer counties within Maryland. To provide an even fuller picture, we also ranked Maryland against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Maryland
#13th in US
#4th in US
Montgomery County
#5th in MD
#10th in MD
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
$ 458,700-0.01% YoY Change
Latest Monthly Sales Count
List Price /sqft
$196
0.04% from last quarter
Reduced Listings /Month
4
-0.5% from last quarter
Average Home Sqft
$2,202
0.02% 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 Montgomery County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Maryland 6,042,718
0.3% #19th in US
Montgomery County
1,052,567
0.41% #1st in MD
20872
13,104
#53rd in MD
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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