House Flipping Report
Neighborhood Data
Panama City, FL 32404
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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 Panama City, FL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Bay County , we've been able to rank it against its peer counties within Florida. To provide an even fuller picture, we also ranked Florida against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Florida
#1st in US
#27th in US
Bay County
#27th in FL
#8th in FL
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
$ 200,000
-0.03% YoY Change
List Price /sqft
$129
-0.01% from last quarter
Reduced Listings /Month
56
-0.46% from last quarter
Average Home Sqft
$1,752
0.01% 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 Bay County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Florida
21,299,325
1.54%
#3rd in US
Bay County
185,287
0.67%
#28th in FL
32404
38,425
#9th in FL
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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