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Thursday, October 17, 2013

House Flipping Remains Fruitful in Las Vegas, if Not Elsewhere

Nevada had 1,014 single-family home flips in the third quarter, showing that the nationwide slowdown in house flipping isn't nearly as prevalent in the Silver State. Nationally, house flipping fell 35 percent from the second quarter as reported by RealtyTrac. Whereas in Nevada, third quarter house flips were down 16 percent from the second quarter, but fell only 1 percent from a year ago.
As such, flipping remains as a profitable business in the Las Vegas Valley where house flippers gained an average profit of $53,503 per deal in the third quarter.

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