Profitable Investment: California Real Estate

Most California home sellers nearly doubled their investments in five years, according to title insurer First American Real Estate Solutions of Santa Ana in comparing sales prices.In Los Angeles, the margin was 105 percent, going from a $254,000 purchase to $520,000 sale over 51 months.San Diego sellers made a median 91 percent profit on their homes, having bought them typically 63 months ago for $269,000 and selling them for $512,500 — a $243,500 gain.Sellers in San Bernardino County paid $156,500 and the properties rose to $360,000, yielding a 130 percent profit over a 45-month median time between purchase and sale. Orange County sellers enjoyed a median 116 percent profit, going from $284,750 to $616,250 over 62 months.
Source: The San Diego Union-Tribune