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Study: Best U.S. cities to flip homes

NEW YORK – Aug. 1, 2017 – More than 126,000 U.S. homes were flipped last year – the 

highest rate since 2007, according to a study by WalletHub. The average gross profit on 

a single home flip? Nearly $63,000.

Overall, Florida metro areas ranked in the top 25 percent for home flipping, with only cities 

in South Florida ranked below 50 percent. Miami ranked lowest out of Florida metros for home 

flipping, but at No. 110 it still ranked better than about 25 percent of all U.S. metro areas.

WalletHub looked at three broad categories to create its "Best & Worst Places to Flip Houses" study:

• Market Potential: ROI, purchase price, share of home flips, average days to flip and more
• Renovation & Remodeling Costs: Average costs for kitchens, bathrooms, full homes and more
• Quality of Life: Crime rates, schools, walkable park access, job growth and more

Tampa was the only Florida city to make the top 10, though Orlando followed closely behind at No. 16.

Florida ranking of top flipping metro areas out of 150 in U.S.

6. Tampa (Market potential 8; remodeling costs 19; quality of life: 66)

16. Orlando (Market potential 29; remodeling costs 23; quality of life: 70)

24. Pembroke Pines (Market potential 33; remodeling costs 63; quality of life: 25)

36. St. Petersburg (Market potential 6; remodeling costs 79; quality of life: 79)

51. Cape Coral (Market potential 98; remodeling costs 71; quality of life: 18)

55. Jacksonville (Market potential 14; remodeling costs 69; quality of life: 111)

58. Tallahassee (Market potential 42; remodeling costs 34; quality of life: 128)

69. Port St. Lucie (Market potential 83; remodeling costs 85; quality of life: 24)

84. Fort Lauderdale (Market potential 49; remodeling costs 58; quality of life: 134)

90. Hialeah (Market potential 24; remodeling costs 83; quality of life: 121)

110. Miami (Market potential 91; remodeling costs 87; quality of life: 116)

Florida cities also ranked in the top five in some of WalletHub's secondary reports. Orlando, 
for example, is third nationwide for the number of real estate agents per capita. Only Seattle 
and Atlanta have more.

Tampa (No. 2) and Orlando (No. 3) made the top five for the percentage of home flips. Only 
Memphis, Tenn., had more.

For a complete ranking of all 150 U.S. cities and more, visit WalletHub's website.

© 2017 Florida Realtors

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Michelle J. DeNomme‏ @DeNommeRealtor  4m4 minutes ago

Let's Talk...Vote "YES" to the parking garage at 4th and 4th in Naples, Florida Sign the Petition! https://www.change.org/p/vote-yes-to-the-parking-garage-at-4th-and-4th-in-naples-florida?recruiter=752009452&utm_source=share_petition&utm_medium=twitter&utm_campaign=share_petition&pt=AVBldGl0aW9uAIuntQAAAAAAWX%2BPk6eO2YthNWQxZmQ2OQ%3D%3D … via @Change

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Local Events In Naples This Summer


http://homeactions.net/calendar/#/34102/all/today?radius_miles=100

Let'sTalk...  It's a Fantastic Time to Buy in South West Florida.  What a Great opportunity this summer to check out  all that Naples has to offer… We have just what you have  been looking for with in our current Listing Inventory to  New Construction! Let me show you how you can Live  and Play the day away here in Naples, I have sent along  below in my News letter some great ideas for your next  visit from Foodie Pick’s to Calendar Of Events at all of  our major attractions, shopping and dinning areas.

The Naples Real Estate Market at a Glance  presented by Michelle DeNomme,  Your South West Florida REALTOR, GRI Click below to view the NABOR Report NABOR Report:  View the Entire Press Release View Monthly Market Statistics As always if you have any questions please feel  free to contact me by calling 239.404.7787 or by e-mail at Michelle@NaplesHomeSweetHome.com. __________________________________ Michelle's July Reminders... SOUTHWEST FLORIDA FIREWORKS SHOWS.... See you there! Naples! What: July 4th Parade Where: Downtown Naples When: 10 a.m. Admission: Free The parade route will be from Broad Avenue S. to Third Street S.  proceeding north to 5th Avenue S., east on 5th Avenue S., and  South on 8th Street S. past City Hall, ending at 8th Avenue S.  and 8th Street S. For more info, go to naplesgov.com/index.aspx?NID=550 - What: 4th of July Celebration Where: off the Naples Pier When: 9 p.m. Admission: Free *** Marco Island What: 4th of July Celebration and Fireworks Where: South Marco Beach, 130 S. Collier Blvd. When: 9 p.m.   Fort Myers Beach What: 11th Annual Fort Myers Beach Parade and Patriotic Event Where: Along Estero Boulevard between School St. and Time Square When: 10 a.m.-3 p.m. Admission: Free The annual 4th of July Parade will run along Estero Blvd.  between School St. and the Time Square area. The  Matanzas Pass Bridge will be closed from approximately  9:30 a.m. to noon. The parade starts at 10 a.m. From 1-3 p.m.,  enjoy patriotic crafts, a watermelon eating competition, and  American themed trivia.  For more info, go to chamber.fortmyersbeach.org. - What: Fireworks Where: Off the Fort Myers Beach pier When: 8:45 p.m.-10 p.m. Admission: Free The Matanzas Pass Bridge will be closed to incoming traffic  from 9:30 p.m.-11 p.m. *** Bonita Springs What: Star Spangled Bonita Where: Riverside Park, 10451 Old 41 When: Begins at 4 p.m. (parade at 9 a.m.) Admission: Free The Annual Star Spangled Bonita event features live music, food, and  vendors, with fireworks and a laser light show at dusk.

Bet You Didn't Know:  Independence Day (click to view)

The Fourth of July—variously known as or Independence  Day or July 4th—has been a federal holiday in the United  States since 1941, but the tradition of Independence  Day celebrations goes back to the 18th century  and the American Revolution. On July 2nd,1776, the  Continental Congress voted in favor of independence,  and two days later delegates from the 13 colonies adopted  the Declaration of Independence, a historic document drafted  by Thomas Jefferson. From 1776 until the present day,  July 4th has been celebrated as the birth of American  independence, with festivities ranging from fireworks,  parades and concerts to more casual family gatherings  nd barbecues. Find Out More...

Michelle DeNomme REALTOR®, GRI, LUXURY COLLECTION SPECIALIST Michelle@NaplesHomeSweetHome.com 239-404-7787 www.NaplesHomeSweetHome.com

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 What could Amazon’s purchase of Whole Foods 

 mean for the future of retail?

The  Amazon Whole Foods | Future Of Retail From TRD New York: When Amazon announced its headline-grabbing deal to buy Whole Foods on Friday, the $13 billion question the real estate world asked wa... therealdeal.com              could have huge implications for e-commerce and

Whole Foods and Amazon’s Jeff Bezos (Credit: Getty Images) 

From TRD New York: When Amazon announced its headline-grabbing deal to buy Whole Foods on Friday, the $13 billion question the real estate world asked was: Will the brick-and-mortar - See more at: https://therealdeal.com/miami/2017/06/20/what-could-amazons-purchase-of-whole-foods-mean-for-the-future-of-retail/#sthash.PETNYhVE.dpuf

- See more at: https://therealdeal.com/miami/2017/06/20/what-could-amazons-purchase-of-whole-foods-mean-for-the-future-of-retail/#sthash.00qVK5F7.dpuf

Let's Talk... It's a Fantastic Time to Buy in South West Florida. What a Great opportunity this summer to check out all that Naples has to offer… We have just what you have been looking for with in our current Listing Inventory to New Construction! Let me show you how you can Live and Play the day away here in Naples, I have sent along below in my News letter some great ideas for your next visit from Foodie Pick’s to Calendar Of Events at all of our major attractions, shopping and dinning areas.

The Naples Real Estate Market at  a Glance presented by  Michelle DeNomme, Your South West Florida REALTOR, GRI Click below to view the NABOR Report NABOR Report:  View the Entire Press Release View Monthly Market Statistics It would be my honor to assist you and your friends and  family with your real estate needs.   Feel free to contact me with any questions you may have  by e-mail or by calling 239.404.7787. __________________________________ Michelle's June Reminders...

Newly built Port Royal home fetched record price this year, eclipsing last year's most expensive sale

A newly built waterfront estate in exclusive Port Royal has set a record as the most expensive home to sell in Naples this year.  The waterfront home at 3750 Rum Row fetched $17.7 million, eclipsing last year's most lucrative sale made through the Naples Area Board of Realtors' Multiple Listing Service.  In 2016 the most expensive home sold in Naples, also in Port Royal, brought a cool $15.15 million. Read More...

Real Estate Tidbits

(Click the Article Title to View) Changes for Bayfront New owner has plans to redevelop former Naples Daily News site Lakefront move-in ready homes available at Naples Reserve  Carrara and Viansa residences featured at Talis Park  Single-family, multifamily homes available at Lely Resort  Stock completes new building in Cipriani at Lely Resort

Around Naples

Click the Article Title to View) Get ready:  Hurricane season begins Thursday, June 1st, 2017 Naples city leaders combat parking fiasco with shuttle service The Golisano Children’s Museum of Naples is a brain-building powerhouse and Southwest Florida’s first museum devoted for children and families to learn through play. THEATER  Rapunzel – By Broadway Palm Children’s Theatre  June 2-23. 1380 Colonial Blvd., Fort Myers. 278-4422. Clue: The Musical – By Broadway Palm Dinner Theatre through June 24. 1380 Colonial Blvd., Fort Myers. 278- 4422.   ​

Naples Foodie News: CUISINE NEWS FLORIDA’S SMALL DISTILLERIES bring in thousands of visitors for tours every year Vive The French: New Naples restaurant serves honest food straight from the soul  New Palumbo's location tastes like tradition, and for cheap  'Muffin man' finds better way of life at Sunburst Café

Michelle's Foodie Picks for June! True Food Kitchen... just opened at Waterside Shops The Warehouse…  Epiphany Bakery... First Location Opening Soon In North Naples!

What Naples has to Offer!

The Artis (Previously Philharmonic) Gulfshore Playhouse Naples Players Naples Art Association 5th Avenue South 3rd Street South Waterside Shops Mercato

My Featured Listings

It must be Naples,  It must be Extraordinary,  It must be...

Royal Harbor | Boating Community

1550 Mullet Lane Royal Harbor $3,692,000 Take a Tour

Castillo at Tiburon | Golf & Resort Style Development

2834 Tiburon Blvd East, Unit 103 Tiburon Resort   $799,000 Take a Tour

Let me take you on a tour of what's hot and what's new... Naples New Developments

Click Here to View the List of New Construction Click Here for the Development Map