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Real Estate Roundup: Bay Area Real Estate Markets Tops for Flips

Seizing Their Opportunity

Recent news of interest to homebuyers, home sellers, and the home-curious includes news that home flippers are seizing their opportunity in the high-priced world of Bay Area real estate. And wealthy foreign buyers are currently hot on Silicon Valley, with one executive purchasing a trio of top-tier luxury homes in the town of Atherton.

A Trulia report says that flips accounted for 4.0 percent of all transactions in the San Jose metro area between the third quarter of 2013 and the third quarter of 2014, the most of any of the 100 regions included in the study. The San Francisco area placed No. 2, with flips making up 3.8 percent of all sales in that time period.

According to the company, 10 percent annual price appreciation is the tipping point at which more flips usually begin to occur, and its data puts yearly home price growth at 11.1 percent in San Jose and 11.7 percent in San Francisco.


But flippers’ windows may start to close, according to Trulia, which has forecast slowing price growth and thus a cooldown in flipping activity

Get all the latest real estate news at https://compasscaliforniablog.com/real-estate-roundup-bay-area-tops-for-flips


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