House Flipping Report
Neighborhood Data
Traverse City, MI 49685
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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 Traverse City, MI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Grand Traverse County , we've been able to rank it against its peer counties within Michigan. To provide an even fuller picture, we also ranked Michigan against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Michigan
#12th in US
#37th in US
Grand Traverse County
#51st in MI
#28th in MI
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
$ 269,450
0.12% YoY Change
Latest Monthly Sales Count
119
List Price /sqft
$167
0.01% from last quarter
Reduced Listings /Month
12
-0.4% from last quarter
Average Home Sqft
$2,027
0.04% 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 Grand Traverse County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Michigan
9,995,915
0.2%
#10th in US
Grand Traverse County
92,573
0.85%
#22nd in MI
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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