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

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 Newark, we found a home that was sold last fall and then sold again earlier this year.

The three-bedroom, two-bathroom house at 7195 Calais Place was sold in September for $236,000. The listing said it needed a "complete remodeling."

In late February, the home resold for $415,000 after receiving an updating that included new paint, new hardwood floors and a new garage door.

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.