The Miami metro area had the most home flips of any market nationwide, according to RealtyTrac’s Year-End and Q4 2015 U.S. Home Flipping Report.

Miami, according to the report, had 10,658 homes flipped in 2015, representing 8.6 percent of all Miami-area home sales for the year – more than double the 4 percent as a share of all sales from 2014.

Home Flipping in America

RealtyTrac’s report highlighted that 179,778 U.S. single-family homes and condos were flipped in 2015, which were 5.5 percent of all single-family home and condo sales during the year.

“As confidence in the housing recovery spreads, more real estate investors and would-be real estate investors are hopping on the home flipping bandwagon,” said Daren Blomquist, senior vice president at RealtyTrac.

Florida, specifically, was among the states with the highest share of flips in 2015, with an 8.0 percent share of sales being home flips. Areas in Florida with the biggest year-over-year increase in share of flips were were Lakeland, up 50 percent; Jacksonville, up 41 percent; and Homosassa Springs, up 40 percent.

“We continue to see distressed properties funnel through the pipeline in South Florida, which makes it ripe for investors to profit in a strong selling market,” said Mike Pappas, CEO and president at the Keyes Company. “There are always sellers that will discount for a quick cash sale and open the door for astute investors to make a good return by repositioning the property.”

For RealtyTrac’s report, a home flip was defined as a property that is sold in an arm’s-length sale for the second time within a 12-month period based on publicly recorded sales deed data collected in more than 950 counties.