2019 ROI First Quarter Edition 2019 - HIS Capital Group | Page 50

HIGH-LEVEL TAKEAWAYS FROM
Q4 2018 DATASET COMPILED BY
ATTOM DATA:
smallest average square footage on record for the report,
going back to Q1 2005.
• The 47,071 home flips in Q4 2018 were completed by
37,379 investors, a ratio of 1.26 flips per investor. • Homes flips completed in Q4 2018 took an average of
175 days, down from 177 days in the previous quarter
and down from 178 days in Q4 2017.
• The share of homes flipped in Q4 2018 that were
purchased by the flipper with financing represented
36.4 percent of all homes flipped in the quarter, down
from 39.1 percent in the previous quarter and down from
39.5 percent in Q4 2017, to a two-year low. • Homes flipped in 2018 took an average of 180 days to
complete the flip, down from 181 days in 2017 but up
from 159 average days to flip 10-years ago.
• The average gross flipping profit of home flips in Q4 2018
was $62,000, which represented an average 41.9 percent
return on investment (percentage of original purchase
price), down from 42.9 percent last quarter and down
from 49.6 percent in Q4 2017, to a seven-year low. • Among 176 metro areas with a population of at least
200,000 and at least 100 home flips in 2018, those with
the longest average time to flip were Provo, Utah (219
days); Boise, Idaho (215 days); Erie, Pennsylvania (213 days);
Gainesville, Florida (213 days); and Kalamazoo, Michigan
(212 days).
• The average square footage of homes flipped in Q4 2018
was 1,408, down from 1,412 in the previous quarter to the • Highest home flipping rates in Memphis, Phoenix, Las
Vegas, Tampa, Birmingham
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