Prince George’s County has been a profitable place to be buying, renovating and selling houses over the last 12 months.
A report out from RealtyTrac concludes that the county to the east of DC was the best place to flip a house between April 2013 and March 2014, with an average return on investment of 83.4 percent. On average, flipped properties were purchased for $125,011 and re-sold for $229,275. RealtyTrace defined a flip as a property that sold during that time period that had previously sold within six months.
Baltimore ranked third on the list, and St. Mary’s and Anne Arundel counties also ranked high.
Here is a look at the top markets as ranked by RealtyTrac.
This article originally published at http://dc.urbanturf.com/articles/blog/83_profit_p.g._county_ranks_as_most_profitable_for_flippers/8560
Most Popular... This Week • Last 30 Days • Ever
The eight-bedroom, 35,000 square-foot home known as The Cliffs hit the market Wednesd... read »
Brookfield Properties is moving forward with development plans for additional sites i... read »
The most detailed rendering yet has been unveiled for the 310-unit redevelopment of t... read »
Developments both big and small are continuing to churn throughout the Anacostia area... read »
A look around DC to find the most equity-rich neighborhoods.... read »
Our guide for amateur landlords who don't really know what they're doing.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
When you buy a home in the District, you will have to pay property taxes along with y... read »
A month after finding a new Virginia home, Washington Capitals forward T.J. Oshie ha... read »
While development has remained slow and steady in the Buzzard Point area, the pipelin... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro