Compass Cares | Market News & Stats Blog

Thursday, April 23, 2020   /   by Laura Lynn

Uncertainty Abounds in the Search for Economic Recovery Timetable

Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation.
In addition, we noted how there are some in the business community who believe we may instead be headed for a U-shaped recovery, where the return to previous levels of economic success won’t occur until the middle of next year. Yesterday, Reuters released a poll of U.S. and European economists which revealed that most surveyed are now leaning more toward a U-shaped recovery.
Here are the results of that poll:
Why the disparity in thinking among different groups of economic experts?
The current situation makes it extremely difficult to project the future of the economy. Analysts normally look at economic data and compare it to previous slowdowns to create their projections. This situation, however, is a ...

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  northwest real estate, real estate, northwest real estate team, real estate news, real estate market statistics, pnw, washington, housing supply, compass cares, economy

Saturday, February 1, 2020   /   by Laura Lynn

February 2020 Market Update

Welcome, February!

 Please Join Us @ Our New Office Grand Opening

RSVP Text Laura 425.647.0550

We are well into the Winter season and have officially checked off one month into the new year! To help you ring in the shortest month of the year and find ways to show your loved one just how special they are on Valentine's Day, we've gathered some great local events, date night recipes, unique getaways, and much more to embrace all that February is about to bring us!

January 2020 Market Recap

Median Sales Price (King County) 

2019 $565K    2020 $590K   UP 4.4%

Median Sales Price (Seattle) 

2019 $640K    2020 $670K   UP 4.7%

Median Sales Price (Eastside)

2019 $800K    2020 $780K    DOWN 2.5 ...

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  northwest real estate, real estate, home buyer, home seller, northwest real estate team, real estate news, real estate market statistics, washington, pnw, compass concierge, compasssellerspotlight, maximize home value, newsletter, local events, compass bridge loans, compass cares, luxury real estate

Tuesday, December 31, 2019   /   by Laura Lynn

What We Did Well in 2019

Together we focused on depth, not breadth;

Compass agents helped 111,976 buyers, sellers & renters find their place in the world. On average, we helped someone complete a transaction every 5 minutes.
Our sales volume grew from $33 to $88 billion, and Compass became the #1 independent brokerage in the country by closed sales volume, per Real Trends.
Compass grew to serve a community of 15,000 agents, making it even easier to find an agent to refer our clients to.
We used Compass Concierge for $8.5 billion of listings, representing 17.5% of active Compass listings.
We’re leading in luxury real estate with Compass representing the top-producing agent or team by sales volume in places like San Francisco, Malibu, Dallas, Houston, Chicago and other important luxury markets according to Real Trends. Alain Pinel Realty in Northern California and Stribling & Associates in New York brought even more high ...

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  home seller, northwest real estate, home buyer, compass concierge, compasssellerspotlight, pnw, real estate, washington, compass bridge loans, compass cares, compass in the news, northwest real estate team