House Flipping Report
Neighborhood Data
Carmel, CA 93923
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 Carmel, CA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Monterey 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
Monterey County
#24th in CA
#21st 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
$ 1,899,000
0.07% YoY Change
Latest Monthly Sales Count
298
List Price /sqft
$834
0.04% from last quarter
Reduced Listings /Month
8
-0.67% from last quarter
Average Home Sqft
$2,663
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 Monterey 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
Monterey County
435,594
0.03%
#21st in CA
93923
12,073
#51st 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.
Array
(
[zip_id] => 3618
[country] => USA
[zip] => 93923
[city] => Carmel
[state] => California
[state_abbr] => CA
[county] => Monterey
[dma] => 828
[latitude] => 36.4135
[longitude] => -121.8
[timezone] => -8
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 93923
[zip_name] => carmel, ca
[flag] =>
[median_listing_price] => 2495050
[median_listing_price_mm] => 0
[median_listing_price_yy] => 0.1605
[active_listing_count] => 120
[active_listing_count_mm] => -0.1489
[active_listing_count_yy] => 0.0714
[median_days_on_market] => 144
[median_days_on_market_mm] => 0.0511
[median_days_on_market_yy] => 0.2522
[new_listing_count] => 16
[new_listing_count_mm] => -0.3333
[new_listing_count_yy] =>
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 8
[price_reduced_count_mm] => -0.6667
[price_reduced_count_yy] => -0.5
[pending_listing_count] => 22
[pending_listing_count_mm] => -0.3529
[pending_listing_count_yy] => 0
[median_listing_price_per_square_feet] => 834
[median_listing_price_per_square_feet_mm] => 0.0364
[median_listing_price_per_square_feet_yy] => 0.0045
[median_square_feet] => 2663
[median_square_feet_mm] => 0.0015
[median_square_feet_yy] => 0.0786
[average_listing_price] => 3509666
[average_listing_price_mm] => 0.0254
[average_listing_price_yy] => 0.1514
[total_listing_count] => 142
[total_listing_count_mm] => -0.1886
[total_listing_count_yy] => 0.1833
[pending_ratio_mm] => -0.0578
[pending_ratio_yy] => -0.0131
[RegionID] => 97479
[RegionName] => 93923
[State] => CA
[Metro] => Salinas
[County] => Monterey County
[City] => Carmel-by-the-Sea
[SizeRank] => 716
[Zhvi] => 1452900
[MoM] => -0.00377126
[QoQ] => 0.00345328
[YoY] => 0.0712232
[5Year] => 0.056863
[10Year] => 0.0362124
[PeakMonth] => 2019-08
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 1458400
[PctFallFromPeak] => -0.00377126
[LastTimeAtCurrZHVI] => 2019-08
[flips] => 22923
[purchase_price] => 386496
[resale_price] => 496482
[gross_margin] => 109987
[flipcount_rank] => 2
[flipmargin_rank] => 11
[counties] => 58
[zip_population] => 12073
[zip_rank] => 951
[state_population] => 39557045
[state_rank] => 1
[state_difference] => 0.400250
[list_prices] => "1249500,1295000,1295000,1275000,1295000,1295000,1295000,1320750,1300000,1295000,1317000,1295000,1249000,1200000,1275000,1275000,1295000,1250000,1199500,1249000,1162500,1192500,1190000,1172500,1199000,1200000,1199000,1195000,1222500,1195000,1195000,1299000,1395000,1397000,1590000,1596500,1490000,1597000,1569400,1595000,1550000,1550000,1550000,1522500,1499500,1500000,1589400,1585000,1675000,1595000,1595000,1595000,1549500,1495000,1375000,1495000,1550000,1450000,1385000,1295000,1295000,1395000,1397000,1475000,1399000,1495000,1495000,1695000,1660000,1685000,1690000,1724499.5,1750000,1695000,1581500,1500000,1675000,1685000,1575000,1649000,1649000,1685000,1762500,1740000,1687500,1640000,1595000,1630000,1625000,1550000,1545000,1562500,1685000,1649000,1649000,1640000,1695000,1862500,1822500,1982000,1795000,1688000,1749000,1749000,1850000,1598000,1854000,1994000,1850000,1950000,1922500,1992000,1979000,1895000,1912000,1869000,1935000,1998000,1992000,1899000"
[list_prices_exploded] => Array
(
[0] => 1249500
[1] => 1295000
[2] => 1295000
[3] => 1275000
[4] => 1295000
[5] => 1295000
[6] => 1295000
[7] => 1320750
[8] => 1300000
[9] => 1295000
[10] => 1317000
[11] => 1295000
[12] => 1249000
[13] => 1200000
[14] => 1275000
[15] => 1275000
[16] => 1295000
[17] => 1250000
[18] => 1199500
[19] => 1249000
[20] => 1162500
[21] => 1192500
[22] => 1190000
[23] => 1172500
[24] => 1199000
[25] => 1200000
[26] => 1199000
[27] => 1195000
[28] => 1222500
[29] => 1195000
[30] => 1195000
[31] => 1299000
[32] => 1395000
[33] => 1397000
[34] => 1590000
[35] => 1596500
[36] => 1490000
[37] => 1597000
[38] => 1569400
[39] => 1595000
[40] => 1550000
[41] => 1550000
[42] => 1550000
[43] => 1522500
[44] => 1499500
[45] => 1500000
[46] => 1589400
[47] => 1585000
[48] => 1675000
[49] => 1595000
[50] => 1595000
[51] => 1595000
[52] => 1549500
[53] => 1495000
[54] => 1375000
[55] => 1495000
[56] => 1550000
[57] => 1450000
[58] => 1385000
[59] => 1295000
[60] => 1295000
[61] => 1395000
[62] => 1397000
[63] => 1475000
[64] => 1399000
[65] => 1495000
[66] => 1495000
[67] => 1695000
[68] => 1660000
[69] => 1685000
[70] => 1690000
[71] => 1724499.5
[72] => 1750000
[73] => 1695000
[74] => 1581500
[75] => 1500000
[76] => 1675000
[77] => 1685000
[78] => 1575000
[79] => 1649000
[80] => 1649000
[81] => 1685000
[82] => 1762500
[83] => 1740000
[84] => 1687500
[85] => 1640000
[86] => 1595000
[87] => 1630000
[88] => 1625000
[89] => 1550000
[90] => 1545000
[91] => 1562500
[92] => 1685000
[93] => 1649000
[94] => 1649000
[95] => 1640000
[96] => 1695000
[97] => 1862500
[98] => 1822500
[99] => 1982000
[100] => 1795000
[101] => 1688000
[102] => 1749000
[103] => 1749000
[104] => 1850000
[105] => 1598000
[106] => 1854000
[107] => 1994000
[108] => 1850000
[109] => 1950000
[110] => 1922500
[111] => 1992000
[112] => 1979000
[113] => 1895000
[114] => 1912000
[115] => 1869000
[116] => 1935000
[117] => 1998000
[118] => 1992000
[119] => 1899000
)
)
Array
(
[county_name] => Monterey
[state] => California
[state_fips] => 6
[county_fips] => 6053
[dma] => 828
[metro_name] => Salinas, CA
[cbsa_name] => Salinas, CA
[county_region_id_zillow] => 2444
[metro_region_id_zillow] => 395050
[fips] => 6053
[cbsa_code] => 41500
[population_prior] => 435477
[population] => 435594
[rank] => 21
[difference] => 0.026867091
[region_id] => 2444
[sale_counts] => ",,,,,,,,,,,,,,,,,,419,416,394,411,401,415,389,381,357,343,326,328,320,318,312,323,340,373,376,353,313,304,305,321,326,316,319,323,350,361,356,345,326,309,314,312,314,302,307,320,338,344,356,355,350,316,308,300,316,296,285,285,291,295,277,278,275,271,277,279,289,292,280,283,288,300,306,291,294,291,332,331,338,312,315,301,300,316,321,322,301,311,308,309,306,299,306,311,326,325,322,298,292,304,305,328,311,325,311,312,312,314,317,316,317,315,310,299,301,300,305,274,284,290,309,305,304,307,309,299,297,290,288,298"
[county] => Monterey
[flips] => 136
[purchase_price] => 450309
[resale_price] => 549224
[gross_margin] => 98915
[flipcount_rank] => 24
[flipmargin_rank] => 21
[sale_counts_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] => 419
[19] => 416
[20] => 394
[21] => 411
[22] => 401
[23] => 415
[24] => 389
[25] => 381
[26] => 357
[27] => 343
[28] => 326
[29] => 328
[30] => 320
[31] => 318
[32] => 312
[33] => 323
[34] => 340
[35] => 373
[36] => 376
[37] => 353
[38] => 313
[39] => 304
[40] => 305
[41] => 321
[42] => 326
[43] => 316
[44] => 319
[45] => 323
[46] => 350
[47] => 361
[48] => 356
[49] => 345
[50] => 326
[51] => 309
[52] => 314
[53] => 312
[54] => 314
[55] => 302
[56] => 307
[57] => 320
[58] => 338
[59] => 344
[60] => 356
[61] => 355
[62] => 350
[63] => 316
[64] => 308
[65] => 300
[66] => 316
[67] => 296
[68] => 285
[69] => 285
[70] => 291
[71] => 295
[72] => 277
[73] => 278
[74] => 275
[75] => 271
[76] => 277
[77] => 279
[78] => 289
[79] => 292
[80] => 280
[81] => 283
[82] => 288
[83] => 300
[84] => 306
[85] => 291
[86] => 294
[87] => 291
[88] => 332
[89] => 331
[90] => 338
[91] => 312
[92] => 315
[93] => 301
[94] => 300
[95] => 316
[96] => 321
[97] => 322
[98] => 301
[99] => 311
[100] => 308
[101] => 309
[102] => 306
[103] => 299
[104] => 306
[105] => 311
[106] => 326
[107] => 325
[108] => 322
[109] => 298
[110] => 292
[111] => 304
[112] => 305
[113] => 328
[114] => 311
[115] => 325
[116] => 311
[117] => 312
[118] => 312
[119] => 314
[120] => 317
[121] => 316
[122] => 317
[123] => 315
[124] => 310
[125] => 299
[126] => 301
[127] => 300
[128] => 305
[129] => 274
[130] => 284
[131] => 290
[132] => 309
[133] => 305
[134] => 304
[135] => 307
[136] => 309
[137] => 299
[138] => 297
[139] => 290
[140] => 288
[141] => 298
)
)