Real Estate

Flipping Out: Homes That Have Been Fixed Up And Resold In El Cerrito

Check out the "before" and "after" prices and photos on this home.

House flipping used to be a somewhat risky move usually done occasionally by experienced real estate professionals.

Not anymore. The practice of buying a house, fixing it up and then reselling it only a few months later is more and more common in today's real estate market.

It's reportedly happening at the quickest pace in decades in parts of California. In Southern California, the online real estate analysis site DataQuick reports house flipping is up 45 percent from the same time a year ago.

The market is prime for flipping, experts say. Housing demand is still high and prices are still rising.

In El Cerrito, we found a home that was sold last fall and then resold this spring.

The three-bedroom, two-bathroom home at 227 Colusa Ave. was sold in November for $499,000. This listing said the house needed "finishing touches."

On March 31, the home was resold for $750,000 after being "updated throughout."

Do you know of other homes that were quickly resold in your neighborhood? Let us know in the comments section.

This information was provided by Rachael Hand, Broker Associate, Coldwell Banker, 925-372-8080 or rachael.hand@cbnorcal.com. Properties featured in this article may be offered by a variety of local real estate firms.


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