Compass adds North & Co to become Arizona’s largest luxury brokerage

Compass, the largest residential real estate brokerage in the United States by sales volume, announces it has strengthened its presence in Arizona with the addition of the strongest independent brand in the state, North & Co.

This cements the company’s position as the number one brokerage for luxury residential sales in the state, just 18 months after entering the Arizona market with the acquisition of Launch Real Estate, formerly the number one independent luxury brand in the state. 

The addition also creates a locally driven but nationally backed powerhouse that will drive Arizona real estate into the future.

“This is an exciting moment for Compass and Arizona,” said Compass Founder and CEO Robert Reffkin. “Consumers in the state will have access to what they know and love locally while gaining access to a national network of top real estate agents, together, as part of the largest brokerage in the United States by volume.”

With the addition of North & Co, Compass will have more than 450 producing agents and an expanded presence in key Arizona markets, from Flagstaff and Prescott to Arcadia, Central Phoenix and the Greater Southeast Valley.Compass is now responsible for nearly $4 billion in luxury real estate sales in Arizona, making it the top seller of high-end homes in one of the country’s best markets.

North & Co-Founder Brian North and the North & Co executive team will continue to lead their teams locally.

“This marks the next evolution in Arizona real estate,” North said. “By coming together, we’re able to build something far greater than we could alone without compromising the values and standards that have made each of us who we are.”

The Strategic growth enables agents to tap into wider networks of clients and homebuyers, broadening access to luxury and mid-range markets and properties. Compass will establish new office locations in Chandler and Flagstaff in 2025, further demonstrating its reach and influence statewide.

“We share similar values and commitments to growth, technology, collaboration, professionalism, and character,” said Sean Zimmerman, who leads Launch Real Estate Powered by Compass with John Vatistas. “In doing so, we’ve laid the foundation for long-term success and opportunity for our agents, clients, and the communities we serve.”

Compass operates nationally with 400 offices and more than 33,000 agents. 

For more about Compass, visitCompass.com. 

Source: AZBigMedia 09/18/24