House Flipping Report
Neighborhood Data
Spokane, WA 99203
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 Spokane, WA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Spokane 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
Spokane County
#3rd in WA
#21st 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
$ 327,000
0.1% YoY Change
Latest Monthly Sales Count
829
List Price /sqft
$149
-0.08% from last quarter
Reduced Listings /Month
4
-0.5% from last quarter
Average Home Sqft
$2,301
-0.13% 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 Spokane 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
Spokane County
514,631
1.72%
#4th in WA
99203
20,192
#53rd 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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