Sunday, August 13, 2006

Condo Flipping in DC (2005)

I analyzed DC sales data for 2005 to see how many condos were flipped and what profit was achieved. I'm still analyzing the data, but the initial results are below.

Of more than 5900 condo sales in DC in 2005, 85 were of condos being flipped. The data below, which does not include those condos purchased in 2005 and sold in 2006, shows the average and median purchase and flip prices, profit, and days on market (DOM).

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