The average L.A. County home seller made $200,000 in the sale of their home last year, according to a study from Zillow.
That 53.7% gain, during a time of rising home prices nationwide, was better than 28 of the 33 metropolitan areas studied.
Around Southern California, Long Beach was No. 11, with a 43.7% return; San Diego was No. 17, with 33.3%.
In Los Angeles County, the median price for a home in August surged 9.4% year over year to $580,000, according to data firm CoreLogic.
Source: Los Angeles ranks No. 5 nationally in return on investment for long-term homeowners – LA Times
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