The typical Los Angeles home seller made $200,000 on the sale of a home in 2016 after owning it for a median period of nine years and eight months, according to a Zillow study released this month.
"People who sold their homes in West Coast cities often held on to their homes longer than the typical seller," said Zillow chief economist Svenja Gudell. "Combined with the strong home value growth they saw, sellers in Western cities were really able to cash in."
By dollar amount, not percentage gain, San Jose had the best return on investment, with sellers pocketing $271,150 after a median period of nine years and eight months of ownership.
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