House Flipping Report
Neighborhood Data
Virginia Beach, VA 23451
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 Virginia Beach, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Virginia Beach (city) 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
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
$ 539,000
0.03% YoY Change
List Price /sqft
$263
0.01% from last quarter
Reduced Listings /Month
16
-0.5% from last quarter
Average Home Sqft
$2,340
0.11% from last year
In order to successfully flip houses, you need the population of the area to be trending northward for either the individual zip code or the county as a whole. As more people come into an area, they will need quality housing to keep up with the influx of people.
Region
Population
Change YoY
Rank
Virginia
8,517,685
0.62%
#12th in US
23451
41,544
#33rd 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] => 40280
[country] => USA
[zip] => 23451
[city] => Virginia Beach
[state] => Virginia
[state_abbr] => VA
[county] => Virginia Beach (city)
[dma] => 544
[latitude] => 36.8576
[longitude] => -76.0289
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 23451
[zip_name] => virginia beach, va
[flag] => *
[median_listing_price] => 590050
[median_listing_price_mm] => 0.0727
[median_listing_price_yy] =>
[active_listing_count] => 263
[active_listing_count_mm] => -0.1489
[active_listing_count_yy] =>
[median_days_on_market] => 84
[median_days_on_market_mm] => 0.0633
[median_days_on_market_yy] =>
[new_listing_count] => 40
[new_listing_count_mm] => -0.5238
[new_listing_count_yy] => -0.0909
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] => -1
[price_reduced_count] => 16
[price_reduced_count_mm] => -0.5
[price_reduced_count_yy] => -0.4286
[pending_listing_count] => 0
[pending_listing_count_mm] =>
[pending_listing_count_yy] => -1
[median_listing_price_per_square_feet] => 263
[median_listing_price_per_square_feet_mm] => 0.0063
[median_listing_price_per_square_feet_yy] => 0.0566
[median_square_feet] => 2340
[median_square_feet_mm] => 0.0634
[median_square_feet_yy] => 0.1082
[average_listing_price] => 779457
[average_listing_price_mm] => 0.0305
[average_listing_price_yy] => 0.1482
[total_listing_count] => 263
[total_listing_count_mm] => -0.1489
[total_listing_count_yy] => 0
[pending_ratio_mm] => 0
[pending_ratio_yy] => -0.0026
[RegionID] => 67719
[RegionName] => 23451
[State] => VA
[Metro] => Virginia Beach-Norfolk-Newport News
[County] => Virginia Beach City
[City] => Virginia Beach
[SizeRank] => 350
[Zhvi] => 413300
[MoM] => 0.00291191
[QoQ] => 0.00437424
[YoY] => 0.0270875
[5Year] => 0.0282845
[10Year] => 0.0105021
[PeakMonth] => 2006-08
[PeakQuarter] => 2006-Q3
[PeakZHVI] => 437100
[PctFallFromPeak] => -0.0544498
[LastTimeAtCurrZHVI] => 2005-07
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 41544
[zip_rank] => 33
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => "449900,439900,449900,429000,419900,419250,419700,399900,399000,394950,389900,385000,379900,393000,399000,399900,399900,4.00E+05,399900,399900,409900,399000,399400,399000,380950,377500,359900,369900,376000,375000,375000,385000,389000,380000,395000,382000,385000,385000,399000,409500,409500,405000,359900,399999.5,399000,385000,392500,399250,385000,377000,379900,389000,389450,385000,387000,399000,379900,393500,379900,379999.5,389950,399900,405000,420000,429900,429000,419450,425000,425000,429000,429000,419900,425000,435000,435425,450000,449950,453000,450000,449900,459950,459950,475000,464500,439950,430000,438500,465000,458000,444900,439900,439000,435900,429450,424000,420477.5,425000,425000,425000,465000,439500,420500,432500,429250,438250,462450,474900,479900,449950,459900,465000,469950,474900,498000,524900,535000,525000,512000,529000,539000"
[list_prices_exploded] => Array
(
[0] => 449900
[1] => 439900
[2] => 449900
[3] => 429000
[4] => 419900
[5] => 419250
[6] => 419700
[7] => 399900
[8] => 399000
[9] => 394950
[10] => 389900
[11] => 385000
[12] => 379900
[13] => 393000
[14] => 399000
[15] => 399900
[16] => 399900
[17] => 4.00E+05
[18] => 399900
[19] => 399900
[20] => 409900
[21] => 399000
[22] => 399400
[23] => 399000
[24] => 380950
[25] => 377500
[26] => 359900
[27] => 369900
[28] => 376000
[29] => 375000
[30] => 375000
[31] => 385000
[32] => 389000
[33] => 380000
[34] => 395000
[35] => 382000
[36] => 385000
[37] => 385000
[38] => 399000
[39] => 409500
[40] => 409500
[41] => 405000
[42] => 359900
[43] => 399999.5
[44] => 399000
[45] => 385000
[46] => 392500
[47] => 399250
[48] => 385000
[49] => 377000
[50] => 379900
[51] => 389000
[52] => 389450
[53] => 385000
[54] => 387000
[55] => 399000
[56] => 379900
[57] => 393500
[58] => 379900
[59] => 379999.5
[60] => 389950
[61] => 399900
[62] => 405000
[63] => 420000
[64] => 429900
[65] => 429000
[66] => 419450
[67] => 425000
[68] => 425000
[69] => 429000
[70] => 429000
[71] => 419900
[72] => 425000
[73] => 435000
[74] => 435425
[75] => 450000
[76] => 449950
[77] => 453000
[78] => 450000
[79] => 449900
[80] => 459950
[81] => 459950
[82] => 475000
[83] => 464500
[84] => 439950
[85] => 430000
[86] => 438500
[87] => 465000
[88] => 458000
[89] => 444900
[90] => 439900
[91] => 439000
[92] => 435900
[93] => 429450
[94] => 424000
[95] => 420477.5
[96] => 425000
[97] => 425000
[98] => 425000
[99] => 465000
[100] => 439500
[101] => 420500
[102] => 432500
[103] => 429250
[104] => 438250
[105] => 462450
[106] => 474900
[107] => 479900
[108] => 449950
[109] => 459900
[110] => 465000
[111] => 469950
[112] => 474900
[113] => 498000
[114] => 524900
[115] => 535000
[116] => 525000
[117] => 512000
[118] => 529000
[119] => 539000
)
)
Array
(
[sale_counts_exploded] => Array
(
[0] =>
)
)