I'm just happy to see someone - anyone - step up to the microphone and discuss relevant facts about the real estate market. To also have my boss be so enthusiastic about the company and its future is an added bonus. Plus, our stock is up 50% (from $2 to $3!):
I hear this speech live, and I've never been more inspired - and I'm no pushover:
Yesterday was the Compass 2Q earnings call (transcript here) and as usual, the headlines focused on the net loss of $101.2 million - more than half of which was stock-based compensation for agents. Compass has been very generous in their support of agents nationwide,...
Compass has been in business locally for four years! Last year, we averaged 7.5 sales per agent. It's remarkable how Compass and eXp came into a rather staid and unchallenged brokerage environment and hired away nearly 2,400 productive agents so quickly.
A remarkable achievement considering that Compass has only been a nationwide company for 3-4 years. It will matter more later too. CoStar is going to change the search-portal landscape, and if they spend enough advertising money to get all the eyeballs, the...
One sign isn't going to change the world, but it's an example of how home sales will be changing in the future. If/when homes are sold in-house (not exposed to outside brokers and buyers) like commercial properties, Compass should extend its dominance in San Diego...
In less than 4 years, Compass has become the dominant residential-resale brokerage in San Diego County, and it's not close. Even if you added the two CBs together, their market share is less than half of ours. It's been the aggressive recruiting of top agents that...
Compass has opened the regional headquarters at the multi-use One Paseo in Carmel Valley. “The move for Compass to One Paseo was an easy decision,” said Shana Pereira, San Diego general manager of Compass. “What One Paseo represents in holding onto the community feel...
The local recruiting effort by Compass has been very effective, and it's really starting to show up in the numbers. With 1,200+ productive agents in San Diego County now (I was #160 in July 2018), we are taking away market share and becoming the dominant brokerage -...
Let's note that searching for homes and actually moving are two different things - which goes for the previous Zillow article too about searches being equal to last year.
