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Research Outline
Prepared for RenoFi T. | Delivered February 5, 2020
Flipped/Resold Single Family Detached Homes US 2018-2019
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Goals
To determine the number of Single Family Detached Homes that were flipped/resold in under 36 months in the US during 2018 and 2019. Research will be used to compile a database as an internal reference/data source.
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Early Findings
Flipped/Resold Single Family Detached Homes
According to the latest data from
Statista
, there were
207,088
resold or flipped single family homes and condos in the US in 2017.
In St. Cloud, Minnesota, there were
872
single family homes that were flipped/resold in
2018
.
This represented an increase of
3.4%
from 2017, when
935
units were resold.
Flipped single family homes in St. Cloud, Minnesota had an
average sales price
of
$176,030
in 2018.
This represented an increase of
3.6%
from 2017, when
average sales price
of a flipped single family home unit was
$169,868
.
According to
Core Logic's 2019 report
, professional sellers are flipping homes with a
median home age of 39 years
.
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