House Flipping Report
Neighborhood Data
Magna, UT 84044
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 Magna, UT . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Salt Lake County , we've been able to rank it against its peer counties within Utah. To provide an even fuller picture, we also ranked Utah against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Utah
#31st in US
#29th in US
Salt Lake County
#1st in UT
#4th in UT
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
$ 289,900
0.14% YoY Change
Latest Monthly Sales Count
List Price /sqft
$137
-0.04% from last quarter
Reduced Listings /Month
4
-0.8% from last quarter
Average Home Sqft
$2,231
0.23% 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 Salt Lake County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Utah
3,161,105
1.87%
#30th in US
Salt Lake County
1,152,633
1.3%
#1st in UT
84044
26,524
#43rd in UT
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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