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San Diego County median home price hits record $672,750
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San Diego County’s median home price reached $672,750 in February, an all-time high that exceeded the previous record by nearly $23,000.
Home prices were up across Southern California in February typically a slow month for sales with most areas reaching new peaks, according to CoreLogic data provided by DQNews.
Experts continue to point to record low mortgage rates and severely limited home supply as reasons for the surge.
Prices increased 14.6 percent in a year in San Diego County, the highest increase since January 2014, when the region was rapidly coming out of the Great Recession. It still isn’t as high as the housing boom days of summer 2004, when prices were increasing around 27 percent.
“I thought well, you have a broker’s license, just be your own brokerage,” Farley said.
She has also become a key voice for the real estate professionals in San Diego as president of the Greater San Diego Association of Realtors – the first black woman to head the organization.
Active in the New Creation Church of San Diego, Farley also is a deeply religious person as evidenced by the name of her real estate business.
“Corban means a gift consecrated to God. For me, that was my mantra, that everything that happened would be contracted to God,” Farley said. “God always sees about me, he definitely sees about me.”