IRVINE, CA—Several California markets are among those with themost home flips in the past year, according to areport from RealtyTrac. LosAngeles, San Diego, Inland Empire and Sacramento are listed amongthe top 22 US markets that saw the greatest number of home flipsbetween April 2013 and March 2014.

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The practice of home flipping remains a viable way to bulk upinventory in markets where stock is low. The firm lists the top 14counties nationwide for flipping, which includes counties that hadat least 100 single-family homes flipped in the last 12 months, sawan average gross return of 30% or more on flips during that timeperiod, had an unemployment rate below the national average of 6.7%in March and had an increase in foreclosure activity in the firstquarter of 2014 compared to a year ago, since additionalforeclosures provide more inventory for investors to flip. Thosecounties include Prince George's County, MD; York, PA; Baltimore;Campbell, KY; New Castle, DE; Saint Marys, MD; Anne Arundel, MD;Wright, MN; Bergen, NJ; Montgomery, MD; Berks, PA; Monroe, FL;Nassau, NY; and Middlesex, NJ.

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In addition, RealtyTrac lists the top 22 markets for the mosthome flips in the past year. Each had at least 1,000 single-familyhomes flipped between April 2013 and March 2014. Of those markets,four were in California: Los Angeles-Long Beach-Santa Ana, SanDiego-Carlsbad-San Marcos, Riverside-San Bernardino-Ontario; andSacramento-Arden-Arcade-Roseville.

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Daren Blomquist, VP of RealtyTrac, tellsGlobeSt.com, “Six of the top counties for flipping are in thisstate. Investors in these areas are seeing gross profits over 30%,and with 77% of the homes in the state built before 1989, there areplenty of properties primed for rehab.”

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On the other hand, the amount of flippable inventory fromforeclosures looks to be dwindling. As GlobeSt.com reported earlier this week, the number ofshort sales and foreclosure salescombined on US residential properties accounts forthe lowest share of sales year-to-date, according to a report fromRealtyTrac. The combined total of these salesaccounted for 15.6% of all sales in April, down from 16.5% of allsales in March, and down from 17.2% of all sales in April 2013.

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For an interactive heat map showing RealtyTrac's top markets forflipping, click here.For RealtyTrac's video on successful flipping methods, clickhere.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.