House Flipping Report
Neighborhood Data
Colorado Springs, CO 80918
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 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
Colorado
#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
$ 332,500
0.07% YoY Change
Latest Monthly Sales Count
1,462
List Price /sqft
$164
0.07% from last quarter
Reduced Listings /Month
12
-0.57% from last quarter
Average Home Sqft
$2,493
-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 El Paso County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Colorado
5,695,564
1.42%
#21st in US
El Paso County
713,856
1.86%
#2nd in CO
80918
45,467
#13th 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.
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