Builder recently shared highlights from a report by Attom Data Solutions that ranked the top U.S. metros when it comes to house flipping. Far and away, the Phoenix area, which includes Mesa and Scottsdale, was the top market.

A house flipper is defined as someone who purchased a home, renovates it with minimal costs, and resells it within a 12 month period. The Phoenix Metro boasted 2,116 flipped homes sold in the second quarter of 2017. The Los Angeles and Long Beach region followed suit with 1,404 homes sold in second place. Overall, 53,638 flipped homes sold across the nation during Q2.

While LA impressed by way of profiting hefty returns ($135,000 on average, compared to $57,787 for Phoenix), the gross return-on-investments were similar at around 32 percent for both markets. The percentage of total sales was slightly higher in Phoenix (7.7 percent) than LA (6.1).

The median purchase price of Phoenix homes during the quarter was $165,000 while the average price of a flipped home came in at $218,000.