National brokerage Compass is expanding its footprint in the Southeast luxury housing market, adding a leading team from Maryland to its growing roster of real estate agents.
Independent team Anchored Home, formerly Stahley Thompson Homes, joined the brokerage Monday, according to a statement from leadership at both brands. The four-agent team, founded by Jennifer Chino, serves Annapolis, Severna Park and other neighborhoods in Maryland.
Chino specializes in luxury homes, investment properties and helping military families move. Her team — Whitney Jerdal, Angela Hays and Ashley Earle — works with new construction homes, first-time home buyers and senior living.
“We made the move to Compass because we were intrigued by the technology and drawn to the culture,” Chino said in a statement. “The technology has helped us streamline operations, improve collaboration, and ultimately serve our clients at an even higher level.”
Compass uses acquisitions to boost growth
The move marks Compass’ latest effort to expand its presence in the luxury housing market, especially in the Southeast. In February, the company announced its acquisition of Washington Fine Properties, a brokerage of 150 agents specializing in luxury properties in Washington, D.C., Maryland and Virginia.
“As Compass continues to grow our presence in the region, we are delighted to welcome Anchored Home and integrate their luxury market expertise,” Holly Worthington, principal broker of the D.C.-Maryland-Virginia region for Compass, said in a statement.
At the start of this year, Compass finalized a $444 million deal to acquire @properties Christie's International Real Estate.
Similar to D.C. and Chicago, the Annapolis housing market is performing above national averages. Homes.com data showed that in April, the median price for a single-family home was $790,000, a 4% increase from the same time a year earlier. That's compared to the national median price of $390,000, a year-over-year change of just 1.3%, according to the data.
The recent acquisitions have fueled growth at Compass, executives said earlier this month when reporting the brokerage’s first quarter earnings.
In the three-month period ended March 31, Compass’ revenue increased 28.7% compared to the same period a year earlier. At the same time, its measure of agent count saw a nearly 42% increase.
“While recent market trends have been somewhat mixed, we remain confident that our playbook and structural advantages position Compass to drive significant upside over time,” founder and CEO Robert Reffkin said of the brand in a statement at the time.