In the second quarter, a total of 79,540 single-family homes and condominiums in the U.S. were flipped, representing 7.5% of home sales nationwide. The Cape Coral-Fort Myers area was among the metros with the largest year-over-year increases in typical profit margins, with a return on investment up from 13.8% to 56.4%, according to a report from land, property data and real estate analytics curator ATTOM. Cape Coral-Fort Myers ranked second behind Akron, Ohio, which had a return on investment that was up from 30.9% to 78.1%. The Naples area had the worst raw profits on median-priced transactions during the second quarter with an average $12,500 loss on a median resale value of $650,000.
Southwest Florida’s first of a planned eight Potbelly locations opened Sept. 20.
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