House Flipping Report
Neighborhood Data
Mechanicsville, VA 23116
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 Mechanicsville, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Hanover 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
Hanover County
#28th in VA
#58th 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
$ 386,500
0.02% YoY Change
Latest Monthly Sales Count
153
List Price /sqft
$154
0.04% from last quarter
Reduced Listings /Month
12
-0.77% from last quarter
Average Home Sqft
$2,598
-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 Hanover 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
Hanover County
107,239
1.31%
#17th in VA
23116
27,228
#3rd 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.
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