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

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 the Piedmont, we found a home that was sold last summer and then resold this spring for more than double the price.

The four-bedroom, four-bathroom house at 118 Greenbank Ave. was sold in June 2012 for $695,000. The listing said it was a "charming fixer."

In April, it was resold for $1.6 million after a thorough remodeling that included a chef's kitchen and a large master bedroom.

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.