1. Atlantic City, NJ
Median Sale Price: $52,250
WalkScore: 72
Portion of Homes Waterfront: 27.6%
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A combination of rising home prices and a stronger labor market have helped push home-flipping numbers to their highest levels in a decade. Approximately 6.1 percent of all home sales in 2016 qualified as a "flip," defined as the purchase of a house at a market rate and the subsequent sale of the same property at a higher price due to improvements or short-term pricing gains. That figure marked a near percentage-point increase over the 5.3 percent rate recorded in 2015.
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All Aboard Florida’s Brightline train service between Miami and West Palm Beach, scheduled to begin this summer, has the potential to be transformational for South Florida, local real estate experts agree.
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