House Flipping Report
Neighborhood Data
Boone, NC 28607
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 Boone, NC . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Watauga 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
Watauga County
#48th in NC
#46th 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.
Latest Median Sale Price
$ 399,900
0.12% YoY Change
Latest Monthly Sales Count
113
List Price /sqft
$207
0.01% from last quarter
Reduced Listings /Month
4
-0.8% from last quarter
Avg. Days on Market
126
-0.49% from last year
Average Home Sqft
$2,328
even 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 Watauga County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
North Carolina
10,383,620
1.1%
#9th in US
Watauga County
55,945
1.56%
#50th in NC
28607
33,059
#87th in NC
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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