Clark County remains a hot spot for home flipping - 8 News NOW

Clark County remains a hot spot for home flipping

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LAS VEGAS -- Clark County had the nation’s sixth highest volume of flipped homes in the 12-month period that ended in March, RealtyTrac reported Monday.

The real estate analytics company from Irvine, Calif., reported that 2,542 homes were flipped in the county during that period. RealtyTrac defines a flipped home as one that was sold again within six months of its last purchase.

The only counties with a higher volume of flips over the past year were the ones that included New York City (7,066 flips), Phoenix (4,632), Los Angeles (3,610), Omaha, Neb. (3,095) and Jacksonville, Fla. (2,803).

Flippers in Clark County purchased their homes for an average price of $142,807 and then sold them for $189,194 for an average gross profit of nearly 32.5 percent.

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