Credit.com: 20 cities where people are flipping the most homes

Credit.com: 20 cities where people are flipping the most homes
Credit.com: 20 cities where people are flipping the most homes

Credit.com: 20 cities where people are flipping the most homes

http://ift.tt/2gr7bDL

The art of house-flipping is on the rise thanks to the popularity of reality TV shows like HGTV’s “Flip or Flop.” If you’re handy with a toolbelt and don’t mind weeks of manual labor, you might be thinking, ‘I can do that.’ Before you blow your life savings on buying that fixer-upper, though, it might help to know where people are flipping—and, more important, buying—homes in 2017. Thanks to a recent study by Attom Data Solutions, we’ve compiled a list of the top 20 U.S. metro areas with the most flipped homes in Q2 of 2017 and listed them by county data, so you can plan your project accordingly.

1. Phoenix

County: Maricopa

Metro area: Phoenix-Mesa-Scottsdale, AZ

Number of homes flipped: 2,116

Average flipping profit: $54,787

2. Los Angeles

County: Los Angeles

Metro area: Los Angeles-Long Beach-Anaheim, CA

Number of homes flipped: 1,404

Average flipping profit: $135,000

3. Las Vegas

County: Clark

Metro area: Las Vegas-Henderson-Paradise, NV

Number of homes flipped: 1,207

Average flipping profit: $55,600

4. Chicago

County: Cook

Metro area: Chicago-Naperville-Elgin, IL-IN-WI

Number of homes flipped: 922

Average flipping profit: $95,000

5. Fort Lauderdale, Florida

County: Broward

Metro area: Miami-Fort Lauderdale-West Palm Beach, FL

Number of homes flipped: 863

Average flipping profit: $75,000

6. Miami

County: Miami-Dade

Metro area: Miami-Fort Lauderdale-West Palm Beach, FL

Number of homes flipped: 794

Average flipping profit: $80,000

7. Palm Beach, Florida

County: Palm Beach

Metro area: Miami-Fort Lauderdale-West Palm Beach, FL

Number of homes flipped: 681

Average flipping profit: $69,200

8. Tampa, Florida

County: Pinellas

Metro area: Tampa-St. Petersburg-Clearwater, FL

Number of homes flipped: 642

Average flipping profit: $69,900

9. Riverside, California

County: Riverside

Metro area: Riverside-San Bernardino-Ontario, CA

Number of homes flipped: 631

Average flipping profit: $75,500

10. San Diego

County: San Diego

Metro area: San Diego-Carlsbad, CA

Number of homes flipped: 604

Average flipping profit: $85,000

11. Clearwater, Florida

County: Hillsborough

Metro area: Tampa-St. Petersburg-Clearwater, FL

Number of homes flipped: 604

Average flipping profit: $60,000

12. Ontario, California

County: San Bernardino

Metro area: Riverside-San Bernardino-Ontario, CA

Number of homes flipped: 551

Average flipping profit: $75,500

13. Houston

County: Harris

Metro area: Houston-The Woodlands-Sugar Land, TX

Number of homes flipped: 546

Average flipping profit: $48,888

14. Orlando, Florida

County: Orange

Metro area: Orlando-Kissimmee-Sanford, FL

Number of homes flipped: 528

Average flipping profit: $64,000

15. St. Louis

County: Saint Louis

Metro area: St. Louis, MO-IL

Number of homes flipped: 526

Average flipping profit: $47,000

16. Philadelphia

County: Philadelphia

Metro area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Number of homes flipped: 521

Average flipping profit: $78,046

17. Dallas

County: Dallas

Metro area: Dallas-Fort Worth-Arlington, TX

Number of homes flipped: 505

Average flipping profit: $59,133

18. Memphis, Tennessee

County: Shelby

Metro area: Memphis, TN-MS-AR

Number of homes flipped: 487

Average flipping profit: $41,500

19. Arlington, Texas

County: Tarrant

Metro area: Dallas-Fort Worth-Arlington, TX

Number of homes flipped: 444

Average flipping profit: $46,161

20. Detroit

County: Wayne

Metro area: Detroit-Warren-Dearborn, MI

Number of homes flipped: 442

Average flipping profit: $37,500

This article originally appeared on Credit.com.

business

via MarketWatch.com – Top Stories http://ift.tt/dPxWU8