Real Estate Compass
Luxury real estate firm Compass Real Estate has recruited a key new executive for its high-profile River Oaks area office as the company continues to grow in Houston.
The residential real estate brokerage has hired seasoned real estate professional Theresa Hill as a sales manager to help run 300 agents at its Westheimer office just outside River Oaks, the company announced Thursday.
Hill currently serves on the Executive Board of the Houston Association of Realtors and most recently comes from Greenwood King Properties. With more than 25 years of experience under her belt, Hill will help advise hundreds of agents in Houston alongside Sales Manager Cheri Fama and Houston General Manager Seita Jongebloed.
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“Houston’s real estate market is currently in a state of constant change. Theresa, with her extensive experience and professional credentials, will provide valuable insight as Compass Houston navigates this complex market for the benefit of our clients,” Jongebloed said in an email.
The brokerage is primarily focused on the luxury real estate sector, which, like the rest of the housing market, is beginning to show signs of slowing as the pandemic boom wanes. Sales of homes priced over $1 million fell about 2.3% in June, the latest month available, according to data from the Houston Association of Realtors. However, Jongebloed said Compass is still seeing plenty of business and noted last week that the company closed a $15 million sale in the River Oaks area.
“There are definitely buyers in the Houston market for luxury and ultra-luxury properties,” Jongebloed said.
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Since entering the Houston market in 2018, Compass has grown to encompass 900 realtors in five area offices, including locations in The Heights, The Woodlands, Katy and Memorial in addition to the location of Westheimer.
“The real estate market is changing rapidly and Compass is at the forefront of that change,” Hill said. “Compass is not only fast and innovative, but offers all the tools agents need to succeed in a changing market.”