Philadelphia 7th Best City For Flipping Homes!
Philadelphia 7th Best City For Flipping Homes!
Philadelphia 7th Best City For Flipping Homes!
Just read an article from 247WallSt that said Philadelphia is the 7th best city nationally for flipping homes.
Here’s the link: http://247wallst.com/2012/10/09/the-best-cities-to-flip-a-house/
Here’s the data:
“Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.
Avg. gross profit: $69,212
Homes flipped through mid-2012: 819
Avg. home price: $213,156 (92nd highest)
Avg. days to flip: 110
It is small wonder that with high resale prices, coupled by an ample supply of bank-owned properties, the home-flipping business is picking up steam in the greater Philadelphia market. There were 15,256 foreclosure filings in Philadelphia during the first half of 2012, up almost 30% from the second half of 2011. Sales of foreclosed properties followed, rising almost 25% from the second half of 2011.”
Click For a 100% FREE search of all Philadelphia Real Estate
Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
CenterCityTeam.com: Philadelphia Real Estate
