House Flipping Report
Neighborhood Data
Mercer Island, WA 98040
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 Mercer Island, WA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in King County , we've been able to rank it against its peer counties within Washington. To provide an even fuller picture, we also ranked Washington against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Washington
#21st in US
#8th in US
King County
#1st in WA
#4th in WA
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
$ 1,880,000
-0.05% YoY Change
Latest Monthly Sales Count
2,405
List Price /sqft
$610
0.05% from last quarter
Reduced Listings /Month
4
-0.67% from last quarter
Average Home Sqft
$4,139
0.16% 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 King County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Washington
7,535,591
1.48%
#13th in US
King County
2,233,163
1.31%
#1st in WA
98040
22,699
#23rd in WA
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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