Flipping Homes in the
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Atlanta Area
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It is home to 16 Fortune 500 companies, the hub for Delta Airlines and the location for the world’s busiest airport – the Hartsfield-Jackson International Airport.
While the city itself is well known for these accomplishments – along with its professional and collegiate sports teams – the Atlanta-Sandy Springs-Roswell metro area ranks the ninth most populous metro area in the nation, numbering more than 6 million residents living within its roughly 8,686 square miles.
Q3 2023 Home Flipping Figures for the Atlanta Market
| Total Number of Flips | 2,287 |
|---|---|
| Home Flipping Rate | 13.2% |
| Flipping Gross Profit | $54,608 |
| Gross Return on Investment | 18.6% |
Other third quarter of 2023 home flipping data figures for the Atlanta metro area include:
- Quarterly change in flipping rate was down 3 percent
- Year Over Year change in flipping rate was down 5.2 percent
- Median purchase price = $294,000
- Median flipped price = $348,608
Gross ROI for flippers in the Atlanta metro area increased to 18.6 percent. Home flips in the metro area are down from their peak during the first quarter of 2021 when they numbered 6,808.
In all, 62.2 percent of all flipped homes in the Atlanta metro area purchased during the third quarter of 2023 were paid for with cash, while 37.8 percent were financed. Of the flipped homes sold during the quarter 58.6 percent were sold to cash buyers and 6.5 percent were bought by FHA buyers.
Flipped homes completed in the Atlanta metro area during the third quarter of 2023 took an average of 120 days to finish.
