Banner Elk, NC 28604

Flip Market Report

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 Banner Elk, NC. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Avery County, we've been able to rank it against its peer counties within North Carolina. To provide an even fuller picture, we also ranked North Carolina against all other US states.

Region Rank in # of Flips Rank in Flip Profit
North Carolina #6th in US
#34th in US
Avery County #49th in NC
#66th in NC

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.

28604 Historical Monthly Listing Prices

Latest Median Sale Price

$ 359,000

0.08% YoY Change
Avery Historical Monthly Home Sales

Latest Monthly Sales Count

List Price /sqft

$179

-0.01% from last quarter

Reduced Listings /Month

16

-0.56% from last quarter

Avg. Days on Market

146

-0.3% from last year

Average Home Sqft

$2,310

4.78% from last year

Population Rank

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
North Carolina 10,383,620 1.1% #9th in US
Avery County 17,505 even #86th in NC
28604 6,249 #96th in NC
Home Searches

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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