House Flipping Report
Neighborhood Data
Virginia Beach, VA 23454
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
$ 345,000
0.02% YoY Change
List Price /sqft
$183
0.03% from last quarter
Reduced Listings /Month
16
-0.5% from last quarter
Average Home Sqft
$2,175
0.01% 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
23454
60,283
#5th 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] => 40282
[country] => USA
[zip] => 23454
[city] => Virginia Beach
[state] => Virginia
[state_abbr] => VA
[county] => Virginia Beach (city)
[dma] => 544
[latitude] => 36.8263
[longitude] => -76.0264
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 23454
[zip_name] => virginia beach, va
[flag] => *
[median_listing_price] => 389050
[median_listing_price_mm] => 0.0373
[median_listing_price_yy] =>
[active_listing_count] => 149
[active_listing_count_mm] => -0.2437
[active_listing_count_yy] =>
[median_days_on_market] => 54.5
[median_days_on_market_mm] => 0.1596
[median_days_on_market_yy] =>
[new_listing_count] => 44
[new_listing_count_mm] => -0.45
[new_listing_count_yy] => -0.3889
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 16
[price_reduced_count_mm] => -0.5
[price_reduced_count_yy] => -0.5
[pending_listing_count] => 1
[pending_listing_count_mm] =>
[pending_listing_count_yy] =>
[median_listing_price_per_square_feet] => 183
[median_listing_price_per_square_feet_mm] => 0.0306
[median_listing_price_per_square_feet_yy] => 0.0763
[median_square_feet] => 2175
[median_square_feet_mm] => 0.0355
[median_square_feet_yy] => 0.0114
[average_listing_price] => 703578
[average_listing_price_mm] => 0.0623
[average_listing_price_yy] => 0.3535
[total_listing_count] => 150
[total_listing_count_mm] => -0.2386
[total_listing_count_yy] => 0.0067
[pending_ratio_mm] => 0.0067
[pending_ratio_yy] => 0.0067
[RegionID] => 67722
[RegionName] => 23454
[State] => VA
[Metro] => Virginia Beach-Norfolk-Newport News
[County] => Virginia Beach City
[City] => Virginia Beach
[SizeRank] => 266
[Zhvi] => 297000
[MoM] => 0.0040568
[QoQ] => 0.0129604
[YoY] => 0.0213205
[5Year] => 0.0304789
[10Year] => 0.013005
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 297000
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 60283
[zip_rank] => 5
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => "259500,265000,267000,265000,269950,269000,260000,259500,255000,254950,250000,247900,249000,249000,249900,249900,249000,249900,239999,249900,245000,239500,242950,239900,240000,239700,239900,240000,239900,234950,249900,249900,249900,239000,235000,234500,232450,240000,239119.5,259900,259000,259900,258500,245000,249000,240000,247150,244900,245400,249900,249950,252700,264900,278000,274500,265000,264200,269000,269999,265000,269900,265250,273950,273750,269900,270000,279900,279900,274500,269250,269000,269000,274900,269450,274900,285000,288900,284900,285250,296500,298000,299700,289200,279900,285000,290000,289900,3.00E+05,299250,307000,303950,3.00E+05,299000,290000,290000,299000,292388.5,299900,295900,314883,314719,320555.5,320000,317900,324450,317450,324950,325000,339900,325000,337990,339900,332500,328811,325000,311450,314883,314900,320750,345000"
[list_prices_exploded] => Array
(
[0] => 259500
[1] => 265000
[2] => 267000
[3] => 265000
[4] => 269950
[5] => 269000
[6] => 260000
[7] => 259500
[8] => 255000
[9] => 254950
[10] => 250000
[11] => 247900
[12] => 249000
[13] => 249000
[14] => 249900
[15] => 249900
[16] => 249000
[17] => 249900
[18] => 239999
[19] => 249900
[20] => 245000
[21] => 239500
[22] => 242950
[23] => 239900
[24] => 240000
[25] => 239700
[26] => 239900
[27] => 240000
[28] => 239900
[29] => 234950
[30] => 249900
[31] => 249900
[32] => 249900
[33] => 239000
[34] => 235000
[35] => 234500
[36] => 232450
[37] => 240000
[38] => 239119.5
[39] => 259900
[40] => 259000
[41] => 259900
[42] => 258500
[43] => 245000
[44] => 249000
[45] => 240000
[46] => 247150
[47] => 244900
[48] => 245400
[49] => 249900
[50] => 249950
[51] => 252700
[52] => 264900
[53] => 278000
[54] => 274500
[55] => 265000
[56] => 264200
[57] => 269000
[58] => 269999
[59] => 265000
[60] => 269900
[61] => 265250
[62] => 273950
[63] => 273750
[64] => 269900
[65] => 270000
[66] => 279900
[67] => 279900
[68] => 274500
[69] => 269250
[70] => 269000
[71] => 269000
[72] => 274900
[73] => 269450
[74] => 274900
[75] => 285000
[76] => 288900
[77] => 284900
[78] => 285250
[79] => 296500
[80] => 298000
[81] => 299700
[82] => 289200
[83] => 279900
[84] => 285000
[85] => 290000
[86] => 289900
[87] => 3.00E+05
[88] => 299250
[89] => 307000
[90] => 303950
[91] => 3.00E+05
[92] => 299000
[93] => 290000
[94] => 290000
[95] => 299000
[96] => 292388.5
[97] => 299900
[98] => 295900
[99] => 314883
[100] => 314719
[101] => 320555.5
[102] => 320000
[103] => 317900
[104] => 324450
[105] => 317450
[106] => 324950
[107] => 325000
[108] => 339900
[109] => 325000
[110] => 337990
[111] => 339900
[112] => 332500
[113] => 328811
[114] => 325000
[115] => 311450
[116] => 314883
[117] => 314900
[118] => 320750
[119] => 345000
)
)
Array
(
[sale_counts_exploded] => Array
(
[0] =>
)
)