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Baby Boomers in Charlotte County buying flipped homes

November 9, 2015


PUNTA GORDA, Fla. (AP) – Charlotte County was the No. 1 spot in the nation during the third quarter for flipping a house to someone from the baby boomer generation.

The News-Press (http://newspr.es/1WtuPYb ) reports a flipped house – defined as a home that was sold for the second time in a 12-month period – went up more than $57,000 in value after rehabbing and improvements were made.

In all, 87 single-family residences in Charlotte County were flipped between July 1 and Sept. 30, which was 7 percent of all sales.

Florida was the best spot in the country to sell a rehabbed property to a baby boomer, those born between 1945 and 1964. The top seven counties in this category are all in Florida, as are nine of the top 10.

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