Compass realtor groups Karen Harberg and the Evans Team are joining forces to form a new entity, Evans Harberg Homes, The Real Deal has exclusively learned. The partnership will be co-led by Karen Harberg and Vikki Evans.
Harberg is a well-known figure in the Houston luxury real estate market, closing $625 million worth of sales over the past 25 years, according to internal data. She and her team joined Compass in 2020, when she closed on a six-bedroom $5 million manor in the upscale Memorial Villages neighborhood. The buyer was Richard McKellop, the late executive vice president of Wholesale Electric Supply Company. Harberg ranked among Texas’ Top 100 real estate agents that year, according to Real Trends data.
She closed on $30 million in sales volume for Compass last year. Harberg’s director of operations, Perry MacAdams, brings the total number of team members in the new Evans Harberg Homes partnership to seven.
The Evans Team, one of Compass’ highest-performing Houston-based small teams, achieved over $50 million in sales volume in 2022 alone. The team’s success extends beyond the Bayou City, as it recently completed a $3 million sale in DFW’s affluent Flower Mound suburb, the team’s priciest sale. The Evans Team specializes in upper-middle-class listings and occasionally handles million-dollar deals, such as the Bellaire home of Morgan Stanley Managing Director Arturo Karakowsky, which it currently has under contract. Compass plans to blend the luxury expertise of Harberg with the more grounded experience of the Evans Team as it expands its real estate team portfolios.
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Earlier this year, the company acquired the top-ranked Loken Group’s luxury affiliate president, Sara St. Marceaux, from Keller Williams as well as Coldwell Banker’s Cassandra Lawrence who started the Cassandra Lawrence Group small team with Compass.
The New York-based corporation remains the top-ranked brokerage firm in the nation by sales volume despite a series of financial setbacks over the past year. Institutional investors Discovery Capital Management and Wishbone Management sold 25 and 30 percent of their Compass stock, respectively, in Q4 2022. The troubled company lost $600 million in 2022 totaling over $1 billion in losses over the past two years. In February, it announced a third series of layoffs in a move to become cash-flow positive by mid-2023.