• Nationwide, the number of active home flippers is at the highest level seen since 2007, the report says.
  • Ratio of flips per investors dropped to its lowest levels since 2008, indicating a clearer market for small investors or entry-level flippers. There were 1.63 home flips per investor last year.
  • New York County, also known as Manhattan, had 41 home flips in 2015 with a median purchase price of $1,175,000.
  • In the NYC metro, specifically, 77 percent of the flips completed in 2015 were purchased in all-cash, which is higher than the national average.

Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

In its 2015 Q4 Home Flipping Report, RealtyTrac found New York City as the third-highest grossing metro in the nation, with $120,000 average profit from home flips in 2015. New York City was only surpassed by San Francisco and San Jose, which tied for first with $145,000 in average gross profit each.Nationwide, the number of active home flippers is at the highest level seen since 2007, the report says. Further, the share of homes flipped is higher than 2005 peak levels in 11 percent of markets across the country.On the other hand, ratio of flips per investors dropped to its lowest levels since 2008, indicating a clearer market for small investors or entry-level flippers. In the U.S., there were 1.63 home flips per investor last year.“I think the numbers indicate that frin...