Deal for Paragon’s 225 agents and 8 offices makes Compass top brokerage in SF.
Compass is forging ahead with its national expansion by acquiring Paragon, a 225-agent firm in San Francisco that closed $2.3 billion in sales last year.
The deal, announced Monday, will boost Compass’ ranks to 500 agents in the Bay Area, two years after it launched there, making it the top agency in San Francisco by sales volume and market share, Compass said. The purchase will better position the New York-based firm in a market where home prices, fueled by the Silicon Valley tech industry, continue to surge to record highs.