How much can you make on the sale of a San Diego house?

The typical San Diego County home seller made $125,000 on the sale of their home last year.
But the payout, during a time of increasing prices throughout the nation, was a lower percentage than more than a dozen major metros. In general, it paid off to hold on to a home for at least eight years to get a better return.
A study crunched numbers on 33 metros and found the best return on investments for homes have been in Oakland. Homeowners saw a 78 percent return on what they originally paid.
San Diego County ranked No. 17 as the best return for buyers, with a 33 percent jump.
The study said that in eight years and 11 months (typical length of stay for a San Diego owner) that a seller earned $16,000 per year on their investment when they sold in 2016.
The factors for determining profit on a home could be legion: Costs to repair a home while living in it, insurance issues, avoiding paying rent while owning and the ability to buy another home after selling.
Economist Sarah Mikhitarian said the study did not adjust for opportunity costs, such as what a person would do with their money if they didn’t buy a house. The study does not include inflation — and neither do most housing return studies — because assets, like stocks, typically aren’t inflation-adjusted at the time of the sale.
A median priced home in San Diego County in 2007 was $477,000, according to CoreLogic. After the housing crash, it had risen to $490,000 in 2016.

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