House Flipping Report
Neighborhood Data
Meadows Of Dan, VA 24120
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 Meadows Of Dan, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Patrick 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
Patrick County
#99th in VA
#90th 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
$ 169,500even YoY Change
Latest Monthly Sales Count
List Price /sqft
$148
even from last quarter
Avg. Days on Market
192
-0.08% from last year
Average Home Sqft
$1,350
even from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Patrick County . This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region
Population
Change YoY
Rank
Virginia 8,517,685
0.62% #12th in US
Patrick County
17,673
-0.2% #85th in VA
24120
1,860
#36th 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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