House Flipping Report
Neighborhood Data
Ferndale, WA 98248
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 Ferndale, WA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Whatcom 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
Whatcom County
#12th in WA
#16th 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
$ 429,000
0.1% YoY Change
Latest Monthly Sales Count
324
List Price /sqft
$243
0.02% from last quarter
Reduced Listings /Month
4
-0.67% from last quarter
Average Home Sqft
$2,154
0.11% 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 Whatcom 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
Whatcom County
225,685
1.82%
#9th in WA
98248
22,361
#26th 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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