Home | Newsletter | Advertise
loading...

$217,000 Profit: DC Home Flipping, By the Numbers

  • February 28th 2019

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home flip that sold in DC last year.

Home flipping has been a regular part of the DC real estate market for decades and UrbanTurf recently received numbers that help put the current state of that market in context. 

ATTOM Data Solutions' latest home flipping report provides a wealth of statistics related to the flipping market in DC last year, and we parsed out some of the more interesting numbers below. 

  • 580 -- The number of home flips sold in DC in 2018. 
  • 1,106 -- The number of home flips sold in DC in 2005. 
  • 8.6% -- The number of home flips as a percentage of DC home sales in 2018. 
  • $300,000 -- The median sales price of homes prior to being flipped. 
  • $517,000 -- The median sales price of flipped homes. 
  • $217,000 -- The gross flipping profit in 2018. 
  • 37% -- The percentage of homes to flip purchased in cash in DC in 2018. 
  • 201 -- The average number of days to flip a home in 2018. 
  • 24% -- The percentage of homes sold in zip code 20019 that were flips.
  • $180,760 -- The gross flipping profit in 20019 in 2018. 

Note -- The ATTOM Data Solutions report defines a home flip as a property that is sold twice within a year. Any costs associated with renovating a property are not factored in to the return on investment, although experienced flippers estimate those to be anywhere from 20-33 percent of the original purchase price.

See other articles related to: flipping homes, house flipping

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/217000-profit-home-flipping-in-dc-by-the-numbers/15068.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse