A few weeks ago, I shared the news that Compass was entering the Seattle market. The wait is over — they’ve opened their doors, via a partnership with Northwest Group Real Estate. I’m anxious to watch how Compass positions themselves in the Seattle market over the next 12-24 months. If any agents or brokers in the area have any good or bad experiences with the brand, I’d love to hear from you.
The press release:
COMPASS DEBUTS IN PACIFIC NORTHWEST WITH PRESENCE IN SEATTLE AND BELLEVUE
Northwest Group Real Estate joins fast-growing real estate technology company
SEATTLE – April 25, 2018 – Compass, the fast-growing real estate technology company, today announced its debut in the Pacific Northwest in partnership with Northwest Group Real Estate (NWG) and its 25 agents led by president and founder Nick Glant. Compass has hired 14 Seattle-based full time employees and plans to open permanent offices in both Seattle and Bellevue.
Compass has experienced exponential growth with its unique agent-centered model that harnesses the power of data and technology on one end-to-end platform, simplifying the experience of buying or selling a home. Seattle marks the company’s 14th city where it seeks to make agents’ lives simpler, while helping Compass clients sell their homes faster and for more money. Compass’ national expansion comes on the heels of a $550 million Series E investment by the Softbank Vision Fund and Fidelity, and supports Compass in its pursuit of market leadership across the top 20 U.S. cities by the end of 2020.
“We’re thrilled to join the Compass team and the culture of collaboration and respect that they have built across the country,” said Nick Glant, president and founder of Northwest Group Real Estate. “In partnering with Compass, we see an opportunity to support our agents with the incredible technology, marketing, and national support only Compass offers.”
Compass aims to grow its Seattle presence in the coming months with 30,000 sq. ft. of office space in Seattle and Bellevue. The team will also hire additional expert marketers, designers and administrators to provide best-in-class support to its agents.
“Seattle is a natural fit for Compass as a booming real estate market and headquarters to so many of world’s best technology companies,” said Robert Reffkin, founder and CEO of Compass. “We’re excited to work with partners like the team at Northwest Group Real Estate to bring world-class technology, marketing and support to real estate agents and their clients across the Puget Sound region.”
Compass was founded in 2012 on the insight that the real estate industry lacked the technology necessary to help real estate agents run and grow their business on one end-to-end platform. In the past five years, Compass has grown to be a $2.2 billion company with more than 60 offices in 14 cities nationwide servicing more than 3,000 agents. In addition to Seattle, Compass plans to enter five more top U.S. markets before the end of 2018, and open 50 new offices in its existing markets