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

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 Berkeley, we found a home that was sold twice within three months last year.

The three-bedroom, one-bathroom house at 3010 California St. was sold in March 2012 for just under $300,000.

In June 2012, it was resold for $530,000 after receiving an extensive renovation, including a new paint job, a new kitchen and a new bathroom.

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.