Buy low, sell higher : despite Maine's pricey housing market, 'flippers' are turning bargains into profit

Renee Cordes

Source

Mainebiz

Date

4-7-2025

Pages

14-19

Abstract

"Flipping houses" is an activity that has gained a higher profile in Maine and nationwide thanks in part to the popularity of reality television shows including Magnolia Network's "Maine Cabin Masters" set in the Pine Tree State.

In Maine and elsewhere, flippers range from those out to make a quick buck with superficial changes, to build-and-design purists who see themselves as preservationists.

Nationwide in 2024, close to 300,000 single-family homes and condos were flipped, representing around 7.6% of total home sales, according to Attom, a California-based land, property data and real estate analytics firm. The percentage was lower in Maine, at 5.5%, or 1,117 houses flipped last year. That puts Maine at No. 34 among 50 states.

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