• News
  • SAN DIEGO
  • Real Estate
Real Estate Trends: North County

Owners navigate Coastal Premier through all economic tides

After almost 30 years in real estate, Susan Meyers-Pyke has gotten pretty good at steering her agency through just about any economy.

During the last downturn, she and Amy Green, co-owner of Coastal Premier Properties in Carmel Valley, thrived on negotiating short sales for their clients and other agents.

"We got into bank-owned properties and short sales, as well as our regular business in North County," Meyers-Pyke said. "So we never let any of it go and we did it really well. We started traveling around the country and meeting with banks before anybody was talking foreclosure here in San Diego.

"It was kind of a good old boys' club back then, so we worked our way in and we didn't tell any agents what we were doing because it wasn't cool to be doing foreclosures – especially in our market because it's more affluent here and people don't want to hear you're doing REOs," she said. "Then, when it became popular, we were very popular. We just sold our last short sale, so I'm pretty happy about that."

Meyers-Pyke also was happy about 2013, a good year for the office with 141 transactions totaling $117.7 million and an average sales price of $834,799. Coastal Premier is on pace to exceed those numbers this year.

Sales have been so brisk that the owners recently opened additional offices in Del Mar and La Costa.

They are actively recruiting more agents to their current roster of about 50, and added two full-time staff members last year: a property manager and social media/marketing assistant.

"It's such a great, steady flow right now," Meyers-Pyke said. "I can't see it slowing down for a while. I think we're going to be good through the end of summer, with a typical fall slowdown. I see the pent-up demand and the buyers coming in.

"I have listings lined up for the next 90 days ready to go on the market. I think the pipeline is pretty full for most of my agents," she said.

IMAGE=CPP-06-WEB.jpg WIDTH=350 HEIGHT=250 ALIGN=right CAPTION=Amy Green, left, and Susan Meyers-Pike]

Photo by Glenn Grant

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

Subscribe Today!