The hottest neighborhoods for flips, based on average gains were Petworth in Washington, DC and Mount Washington and Silver Lake, both in Los Angeles. Other highlights from the report include:
  • Rounding out the top-five hottest neighborhoods were Brookland in Washington, DC and North Sunnyvale in San Jose.
  • Among metros areas, San Francisco was the most lucrative flipping market in 2015, with an average gain of $216,000 per home, followed by San Jose at $174,800 and Long Island at $152,600.
  • The smallest flipping gains in 2015 were seen in Las Vegas, Atlanta and Raleigh-Durham.
  • When calculating the average gain compared to the original purchase price, flippers in Philadelphia, Chicago and Baltimore fared well. Gains in those cities were 73%, 70% and 67% higher than the original purchase price.
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