Compass, the real estate technology company, announced that Christopher Covert, formerly of Saunders, has joined the firm.
The move comes at a time when the local market showed signs of taking off before the pandemic shuttered offices and put transactions on hold.
But there is a school of thought that given the popularity of the East End as a preferred haven during the coronavirus shutdown, the market may bounce back.
“I want to be reinvented and reinvigorated,” Covert said. “I’m seeing closings that occur in cars. I called this a month ago.”
Covert transacted $50 million in real estate last year and is known for his aptitude in interpreting market data, providing his clients with sound counsel to secure the best deals — from modern and historic homes to waterfront properties.
“Chris is a forward-thinking entrepreneur who we are so excited to have in the Compass family,” said Rory Golod, President of the New York region for Compass. “We believe he will continue to do amazing things here with access to our technology platform and suite of services.”
Covert doesn’t think buyers are looking to flip houses. “Today’s buyers are primarily end-users.” People who have a choice prefer to live out here all things being equal as is the case during the PAUSE lockdown. Long term, “a couple builders I know are beginning to ramp up and develop new inventory.”
Covert joins Compass on the heels of the best month for organic agent growth in the company’s history. Other recent big hires in the New York region over the last month include David Cox, Jodie Rubenstein, Athena Salavantis (House N Key Realty), and Michelle Griffith.
In recent weeks, Compass has launched new digital tools to enhance the way agents operate including an exclusive marketing suite, Virtual Agent Services. It includes enhanced 3-D staging, virtual open houses, and live postcards. Each enables agents to optimize how they engage with their target audiences in highly customizable ways.
“The real estate business has been changing, and the COVID-19 outbreak has only accelerated the transformation in how we live and conduct business,” said Covert. “I feel that Compass is distinctively positioned to pivot into the future of the industry, and the future is now.”
Prior to Compass, Covert was a top-performing agent at Saunders & Associates, and before he entered real estate, he had a 20-year career as a creative executive in film, television, and music.
Compass provides tools and services to help real estate agents grow their businesses and better serve their clients. As one of the largest groups of small business owners in the country, real estate agents utilize the end-to-end Compass platform to improve their productivity and help them manage their business more effectively.
Compass currently powers over 15,000 real estate agents across more than 100 U.S. cities, which were responsible for over $91 billion in real estate transactions in 2019. For more information, visit www.compass.com.