Top 10 Markets for Luxury Home Flipping

With rising home prices and low inventory, sellers have the upper hand in many markets across the country. In these markets, home flippers can expect to see a good return on their investments. If you are looking to make a significant profit in home flipping, consider investing in a luxury foreclosure (defined as a single family home foreclosure valued more than $750K). HomeFinder.com identified the top 10 real estate markets with the most luxury foreclosures.

1.) Los Angeles, CA

  • 183 foreclosures valued over $750K
  • Average price: $1.67 million
  • Average number of beds/baths: 3.8/3.3
  • Average square feet: 3,222

2.) Fort Lauderdale, FL

  • 142 foreclosures valued over $750K
  • Average price: $1.98 million
  • Average number of beds/baths: 4.0/3.6
  • Average square feet; 3,476

3.) Miami, FL

  • 70 foreclosures valued over $750K
  • Average price: $1.25 million
  • Average number of beds/baths: 3.8/3.5
  • Average square feet: 3,954

4.) Miami Beach, FL

  • 64 foreclosures valued over $750K
  • Average price: $1.34 million
  • Average number of beds/baths: 3.0/2.8
  • Average square feet: 2,740

5.) San Diego, CA

  • 63 foreclosures valued over $750K
  • Average price: $1.17 million
  • Average number of beds/baths: 3.9/3.8
  • Average square feet: 3,394

6.) Houston, TX

  • 51 Number of foreclosures valued over $750K
  • Average price: $1.67 million
  • Average number of beds/baths: 3.3/2.7
  • Average square feet: 2,437

7.) Las Vegas, NV

  • 47 foreclosures valued over $750K
  • Average price: $1.18 million
  • Average number of beds/baths: 4.3/4.9
  • Average square feet: 4,866

8.) San Jose, CA

  • 45 foreclosures valued over $750K
  • Average price: $1.04 million
  • Average number of beds/baths: 4.2/3.1
  • Average square feet: 2,842

9.) Beverly Hills, CA

  • 42 foreclosures valued over $750K
  • Average price: $1.92 million
  • Average number of beds/baths: 4.0/3.9
  • Average square feet: 3,765

10.) Charlotte, NC

  • 42 foreclosures valued over $750K
  • Average price: $1.04 million
  • Average number of beds/baths: 4.1/4.1
  • Average square feet: 4,632
Related Posts Plugin for WordPress, Blogger...

Posted in Home Buyers, Home Sellers