Flipping houses continues happening here.
The Herald-Tribune has identified the Sarasota-Manatee region as 14th among major American areas for home flips as a percentage of all home sales.
However, those homes last year took an average of 178 days to flip. That exceeds the previous year’s number by 11 days.
Between the two counties, flipped sales averaged $167,000.
RealtyTrac says sellers averaged a gross return on investment of nearly 52 percent.
In Charlotte County, the percent of flips accounting for total home and condo sales ranked 28th nationwide.
The flips there sold for an average of $135,000, and the return on investment approached 67 percent.
The average flip time in Charlotte County increased five days from year to year to 187.