Markets with the Largest Returns: Philadelphia Metro

[Dan Powers]

A new article came out showing Philadelphia investor saw the largest capital gains on their flip of 136% and Montgomery County seeing 78% gains (ranking 12th in the nation). The numbers they provided for Philly were an average purchase of 104k with a sale at 248k, with Montco at 225k purchase and 424k sale price. 

Would love to hear everyone's thoughts on this data, I have attached the link as well so you can see where they pulled this from. I hear a lot of investors complaining about the Philly market and saturation in specific pockets, but early there are still people making money on these deals. Obviously this is an overall average but on the surface these numbers describe a typical West Philly, Olney/Ogontz, or cleaner North Philly deal, which from my experience make up a majority of the inventory available around that price point.

What are everyone's thoughts on the health of the Philly market?