House Flipping Report
Neighborhood Data
Santa Barbara, CA 93108
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 Santa Barbara, CA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Santa Barbara 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
Santa Barbara County
#27th in CA
#36th 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
$ 3,995,000
-0.04% YoY Change
Latest Monthly Sales Count
369
List Price /sqft
$1,044
0% from last quarter
Reduced Listings /Month
8
-0.75% from last quarter
Average Home Sqft
$3,357
-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 Santa Barbara 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
Santa Barbara County
446,527
0.21%
#20th in CA
93108
11,112
#73rd 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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