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 Colorado Springs, CO. If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in El Paso County, we've been able to rank it against its peer counties within Colorado. To provide an even fuller picture, we also ranked Colorado against all other US states.
|Region||Rank in # of Flips||Rank in Flip Profit|
#14th in US
#22nd in US
|El Paso County||
#1st in CO
#10th in CO
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
Latest Monthly Sales Count
0.02% from last quarter
-0.5% from last quarter
-0.62% from last year
0.21% 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 El Paso County. This is a good sign that flipping a house here will be successful.
|Colorado||5,695,564||1.42%||#21st in US|
|El Paso County||713,856||1.86%||#2nd in CO|
|80905||16,254||#25th in CO|
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.