From floridarealtors.org.
RealtyTrac says 43,197 single-family U.S. homes and condos were flipped — sold as part of an arms-length sale for the second time within a 12-month period — in the third quarter of 2015.
That is 5 percent of all single-family and condo sales for the quarter. In Jacksonville, that accounted for 7.6 percent of sales.
Florida ranked second overall for single-family and condo property flips (7.9 percent) behind Nevada (8.4 percent). Other states in the top five include Alabama (7.5 percent), Arizona (6.9 percent) and Tennessee (6.6 percent).
Among 101 markets with at least 75 single family and condo flips in the third quarter, those with highest share of flipping were Memphis (10.5 percent), Fresno (9.5 percent), Mobile, Alabama (9.2 percent), Tampa (9.1 percent) and Deltona-Daytona Beach-Ormond Beach, Florida (9.0 percent).
While Florida didn’t make any top lists for home flips to millennial buyers, it shined in home flips to baby boomers, many of whom have retired or will do so soon.
RealtyTrac identified 15 counties where the average gross return on a flipped home in the third quarter was at least 30 percent and the baby boomer population was at least 25 percent.
Of these counties, the top five were all in Florida: Charlotte and Hernando counties in Southwest Florida, and Volusia, Brevard and Marion counties in Central Florida.
Nationwide, flipping’s 5.0 percent share in the third quarter was down from a 5.4 percent share in the second quarter, but it was up 18 percent year-to-year.