For a company that has been in San Diego for barely five years, Compass has done pretty well. We’ve been #1 since 2019, and in 2020 the volume was $2.13B with 2,372 units – big improvement since!
The agent productivity is around 3-4 annual sales per agent for all companies. But there are many licensees working on teams who are on salary so it’s not that bleak. But it is getting harder to find agents who are closing one sale per month, which makes it tougher for them to keep their chops up.
According to RealTrends, Compass was #1 in the country last year too, with 211,538 transactions….589 per day!
Congratulations to Compass. Sales is a hard job to do. It only looks easy because Salespeople are so good at it.
Heads up, you’re not going to see as many Tech people move down to SD from the Bay Area like you used to. Theres so many tech people out of work right now it’s not hard for companies to find local talent. I’m also hearing that several startups in San Jose are missing payrolls this week because of SVB freezing accounts.
It only looks easy because Salespeople are so good at it.
Thank you and yes, we want it to BE easy for everyone.
The wealthy retirees from more-expensive places will keep coming and I think it will be a steady flow.