House Flipping Report
Neighborhood Data
Charlottesville, VA 22911
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 Charlottesville, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Albemarle County , we've been able to rank it against its peer counties within Virginia. To provide an even fuller picture, we also ranked Virginia against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Virginia
#16th in US
#12th in US
Albemarle County
#25th in VA
#2nd in VA
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
$ 337,194
0.03% YoY Change
Latest Monthly Sales Count
136
List Price /sqft
$174
0.02% from last quarter
Reduced Listings /Month
8
-0.5% from last quarter
Average Home Sqft
$2,182
-0.05% 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 Albemarle County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Virginia
8,517,685
0.62%
#12th in US
Albemarle County
108,718
0.86%
#16th in VA
22911
15,971
#81st in VA
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.
Array
(
[zip_id] => 39093
[country] => USA
[zip] => 22911
[city] => Charlottesville
[state] => Virginia
[state_abbr] => VA
[county] => Albemarle
[dma] => 584
[latitude] => 38.097
[longitude] => -78.4001
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 22911
[zip_name] => charlottesville, va
[flag] =>
[median_listing_price] => 414050
[median_listing_price_mm] => -0.0327
[median_listing_price_yy] => 0.0353
[active_listing_count] => 78
[active_listing_count_mm] => -0.2041
[active_listing_count_yy] => -0.1702
[median_days_on_market] => 79.5
[median_days_on_market_mm] => -0.0756
[median_days_on_market_yy] => -0.0647
[new_listing_count] => 16
[new_listing_count_mm] => -0.5
[new_listing_count_yy] => -0.3333
[price_increased_count] => 0
[price_increased_count_mm] => -1
[price_increased_count_yy] => -1
[price_reduced_count] => 8
[price_reduced_count_mm] => -0.5
[price_reduced_count_yy] => 1
[pending_listing_count] => 74
[pending_listing_count_mm] => -0.1591
[pending_listing_count_yy] => -0.3833
[median_listing_price_per_square_feet] => 174
[median_listing_price_per_square_feet_mm] => 0.0175
[median_listing_price_per_square_feet_yy] => 0.014
[median_square_feet] => 2182
[median_square_feet_mm] => -0.0337
[median_square_feet_yy] => -0.0472
[average_listing_price] => 467242
[average_listing_price_mm] => -0.0283
[average_listing_price_yy] => -0.2105
[total_listing_count] => 152
[total_listing_count_mm] => -0.1828
[total_listing_count_yy] => 0.9487
[pending_ratio_mm] => 0.0508
[pending_ratio_yy] => -0.3279
[RegionID] => 67435
[RegionName] => 22911
[State] => VA
[Metro] => Charlottesville
[County] => Albemarle County
[City] => Charlottesville
[SizeRank] => 585
[Zhvi] => 328600
[MoM] => 0.00489297
[QoQ] => 0.0126348
[YoY] => 0.0307403
[5Year] => 0.0386844
[10Year] => 0.0156995
[PeakMonth] => 2006-02
[PeakQuarter] => 2006-Q1
[PeakZHVI] => 342100
[PctFallFromPeak] => -0.0394621
[LastTimeAtCurrZHVI] => 2005-10
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 15971
[zip_rank] => 181
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => "314900,309000,307000,297000,288500,289900,295000,295000,279900,279900,279900,269700,269000,264900,275000,279900,299500,3.00E+05,301750,309900,305050,299900,299950,301700,298950,296500,297450,294900,284900,292500,289900,289900,280000,292400,294900,289450,274950,274900,274922.5,264900,276422.5,276422.5,315000,293995,302500,312000,319945,312495,316990,318990,328990,325000,327300,315000,315000,315000,315000,325945,326990,329900,329990,354900,334000,335995,354990,354990,357995,376936.5,416639,414900,400495,397450,409990,379990,359990,375000,357275,367450,359945,364990,379000,374990,397445,369990,378445,369990,378490,379990,379990,379990,399500,409945,409990,401745,403500,412490,414990,404990,392000,367990,384900,375000,375678,391445,381990,385000,378650,398724,396500,384945,349900,383724,379000,369900,344900,365000,350000,349900,365891,337194"
[list_prices_exploded] => Array
(
[0] => 314900
[1] => 309000
[2] => 307000
[3] => 297000
[4] => 288500
[5] => 289900
[6] => 295000
[7] => 295000
[8] => 279900
[9] => 279900
[10] => 279900
[11] => 269700
[12] => 269000
[13] => 264900
[14] => 275000
[15] => 279900
[16] => 299500
[17] => 3.00E+05
[18] => 301750
[19] => 309900
[20] => 305050
[21] => 299900
[22] => 299950
[23] => 301700
[24] => 298950
[25] => 296500
[26] => 297450
[27] => 294900
[28] => 284900
[29] => 292500
[30] => 289900
[31] => 289900
[32] => 280000
[33] => 292400
[34] => 294900
[35] => 289450
[36] => 274950
[37] => 274900
[38] => 274922.5
[39] => 264900
[40] => 276422.5
[41] => 276422.5
[42] => 315000
[43] => 293995
[44] => 302500
[45] => 312000
[46] => 319945
[47] => 312495
[48] => 316990
[49] => 318990
[50] => 328990
[51] => 325000
[52] => 327300
[53] => 315000
[54] => 315000
[55] => 315000
[56] => 315000
[57] => 325945
[58] => 326990
[59] => 329900
[60] => 329990
[61] => 354900
[62] => 334000
[63] => 335995
[64] => 354990
[65] => 354990
[66] => 357995
[67] => 376936.5
[68] => 416639
[69] => 414900
[70] => 400495
[71] => 397450
[72] => 409990
[73] => 379990
[74] => 359990
[75] => 375000
[76] => 357275
[77] => 367450
[78] => 359945
[79] => 364990
[80] => 379000
[81] => 374990
[82] => 397445
[83] => 369990
[84] => 378445
[85] => 369990
[86] => 378490
[87] => 379990
[88] => 379990
[89] => 379990
[90] => 399500
[91] => 409945
[92] => 409990
[93] => 401745
[94] => 403500
[95] => 412490
[96] => 414990
[97] => 404990
[98] => 392000
[99] => 367990
[100] => 384900
[101] => 375000
[102] => 375678
[103] => 391445
[104] => 381990
[105] => 385000
[106] => 378650
[107] => 398724
[108] => 396500
[109] => 384945
[110] => 349900
[111] => 383724
[112] => 379000
[113] => 369900
[114] => 344900
[115] => 365000
[116] => 350000
[117] => 349900
[118] => 365891
[119] => 337194
)
)
Array
(
[county_name] => Albemarle
[state] => Virginia
[state_fips] => 51
[county_fips] => 51003
[dma] => 584
[metro_name] => Charlottesville, VA
[cbsa_name] => Charlottesville, VA
[county_region_id_zillow] => 2608
[metro_region_id_zillow] => 394459
[fips] => 51003
[cbsa_code] => 16820
[population_prior] => 107788
[population] => 108718
[rank] => 16
[difference] => 0.862804765
[region_id] => 2608
[sale_counts] => "72,67,63,68,75,77,76,63,57,63,77,92,85,77,68,72,91,95,92,70,81,87,102,105,101,101,91,101,90,77,74,71,84,89,110,119,110,104,83,85,77,82,80,80,77,84,87,100,102,101,95,92,91,98,103,101,99,93,129,141,149,119,112,111,123,120,115,104,107,105,117,116,122,116,112,116,120,125,127,135,130,130,121,133,125,129,128,144,159,153,140,125,125,139,146,163,161,153,137,136,136,135,135,134,141,141,163,166,159,146,145,156,146,148,150,160,173,162,166,177,185,182,158,164,160,149,135,136,134,131,148,163,164,148,142,154,161,150,136,122,131,136"
[county] => Albemarle
[flips] => 48
[purchase_price] => 151642
[resale_price] => 464557
[gross_margin] => 312915
[flipcount_rank] => 25
[flipmargin_rank] => 2
[sale_counts_exploded] => Array
(
[0] => 72
[1] => 67
[2] => 63
[3] => 68
[4] => 75
[5] => 77
[6] => 76
[7] => 63
[8] => 57
[9] => 63
[10] => 77
[11] => 92
[12] => 85
[13] => 77
[14] => 68
[15] => 72
[16] => 91
[17] => 95
[18] => 92
[19] => 70
[20] => 81
[21] => 87
[22] => 102
[23] => 105
[24] => 101
[25] => 101
[26] => 91
[27] => 101
[28] => 90
[29] => 77
[30] => 74
[31] => 71
[32] => 84
[33] => 89
[34] => 110
[35] => 119
[36] => 110
[37] => 104
[38] => 83
[39] => 85
[40] => 77
[41] => 82
[42] => 80
[43] => 80
[44] => 77
[45] => 84
[46] => 87
[47] => 100
[48] => 102
[49] => 101
[50] => 95
[51] => 92
[52] => 91
[53] => 98
[54] => 103
[55] => 101
[56] => 99
[57] => 93
[58] => 129
[59] => 141
[60] => 149
[61] => 119
[62] => 112
[63] => 111
[64] => 123
[65] => 120
[66] => 115
[67] => 104
[68] => 107
[69] => 105
[70] => 117
[71] => 116
[72] => 122
[73] => 116
[74] => 112
[75] => 116
[76] => 120
[77] => 125
[78] => 127
[79] => 135
[80] => 130
[81] => 130
[82] => 121
[83] => 133
[84] => 125
[85] => 129
[86] => 128
[87] => 144
[88] => 159
[89] => 153
[90] => 140
[91] => 125
[92] => 125
[93] => 139
[94] => 146
[95] => 163
[96] => 161
[97] => 153
[98] => 137
[99] => 136
[100] => 136
[101] => 135
[102] => 135
[103] => 134
[104] => 141
[105] => 141
[106] => 163
[107] => 166
[108] => 159
[109] => 146
[110] => 145
[111] => 156
[112] => 146
[113] => 148
[114] => 150
[115] => 160
[116] => 173
[117] => 162
[118] => 166
[119] => 177
[120] => 185
[121] => 182
[122] => 158
[123] => 164
[124] => 160
[125] => 149
[126] => 135
[127] => 136
[128] => 134
[129] => 131
[130] => 148
[131] => 163
[132] => 164
[133] => 148
[134] => 142
[135] => 154
[136] => 161
[137] => 150
[138] => 136
[139] => 122
[140] => 131
[141] => 136
)
)