Average $230,633 profit for March quarter sales: CoreLogic RP Data

Average $230,633 profit for March quarter sales: CoreLogic RP Data
Average $230,633 profit for March quarter sales: CoreLogic RP Data

CoreLogic RP Data's most recent quarterly Pain & Gain report - which provides a comprehensive list of where profits from properties were made over the March 2015 quarter - noted that 30.7% of all homes resold for more than double their previous purchase price.

Across those homes which sold at a profit, the total value of this profit was recorded at $13.8 billion with the average gross profit recorded at $230,633.

Although the proportion of loss-making resales rose, the figure has been fairly steady over the past 12 months with the total value of the loss-making resales over the quarter recorded at $417 million, with an average loss of $69,468. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Home Sales Resales

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