House Flipping Report
Neighborhood Data
Somerton, AZ 85350
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 Somerton, AZ . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Yuma County , we've been able to rank it against its peer counties within Arizona. To provide an even fuller picture, we also ranked Arizona against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Arizona
#5th in US
#46th in US
Yuma County
#6th in AZ
#6th in AZ
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
$ 170,700
0.07% YoY Change
Latest Monthly Sales Count
206
List Price /sqft
$123
-0.08% from last quarter
Average Home Sqft
$1,587
-0.08% 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 Yuma County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Arizona
7,171,646
1.74%
#14th in US
Yuma County
212,128
1.13%
#5th in AZ
85350
21,214
#37th in AZ
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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