House Flipping Report
Neighborhood Data
Newport Beach, CA 92663
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 Newport Beach, CA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Orange County , we've been able to rank it against its peer counties within California. To provide an even fuller picture, we also ranked California against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
California
#2nd in US
#11th in US
Orange County
#6th in CA
#14th in CA
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
$ 2,150,000
0.06% YoY Change
Latest Monthly Sales Count
2,666
List Price /sqft
$919
-0% from last quarter
Reduced Listings /Month
8
-0.33% from last quarter
Average Home Sqft
$2,200
0.09% 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 Orange County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
California
39,557,045
0.4%
#1st in US
Orange County
3,185,968
0.19%
#3rd in CA
92663
21,649
#58th in CA
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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