Phil Chen, a founding member of Compass’s Mid Peninsula office, has joined Christie’s International Real Estate Sereno in Burlingame in San Mateo County.

With the industry and the market changing faster than ever, make plans to come together with the best community in real estate at our flagship event. Join us at Inman Connect New York, Jan. 24-26, and punch your ticket to the future. Check out these just announced speakers for this must-attend event. Register here.

One of Compass’s earliest founding agents in the Bay Area has jumped to Christie’s International Real Estate Sereno, the brokerage announced Friday.

Phil Chen, a founding member of Compass’s Mid Peninsula office when it launched in 2018, has joined Christie’s International Real Estate Sereno’s office in Burlingame in San Mateo County alongside his 7-person team, a market he is already well established in along with Hillborough.

“I’m excited to bring my team to Christie’s International Real Estate Sereno,” Chen said in a statement. “Their deep market knowledge, innovative local leadership, culture, and vision are the perfect fit for us. Moving to this thriving organization gives my team access to a  luxury brokerage network with affiliates in almost 50 nations and territories plus the  name recognition from the Christie’s International Real Estate brand to complement Sereno.”

Chen, who has been ranked among the top 50 agents in the nation, the top 20 agents in California, and the top 10 agents in the Bay Area, has delivered over $1.1 billion in sales since launching his career in 2006, according to Christie’s. He closed $262 million in sales last year, according to Real Trends.

Prior to co-founding Compass’s Mid Peninsula office he worked at Keller Williams Principal Estates in Burlingame for six years. Before working in real estate he had a career in the fitness industry.

Phil brings a tremendously successful boutique luxury brand all its own to Sereno,” Chris Trapani, chief executive officer of Christie’s International Real Estate Sereno, said in a statement. “Phil’s drive and discipline  throughout his career in extreme sports and fitness makes him an innovator and a  creative visionary. He consistently ranks amongst the top eight producers in the Bay  Area, top 20 in California and among the top 45 agents in the nation. He views the world  through a unique lens spotting trends ahead of most, innovating and influencing those  who are fortunate to work with him. We are delighted to welcome Phil to Sereno.” 

Sereno’s affiliation with Christie’s is recent, having only begun in February 2022, soon after Christie’s acquisition by Chicago-based @properties. Sereno did $6.5 billion in sales volume in 2021 and has been listed as a top brokerage in the U.S. by ranking firm Real Trends.

Chen’s departure from Compass comes during a turbulent time for the brokerage after its most recent earnings report showed that it recorded $101 million in losses during the second quarter of 2022. The disclosure has prompted the brokerage, which grew exponentially during 2018 and 2019, to implement layoffs and cost-cutting measures including the slashing of stock and financial incentives in recruiting in an effort to save $320 million.

Earlier this week, it was announced that Compass Houston’s founding agent was leaving the brokerage for a position with Sotheby’s International Realty.

Email Ben Verde

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×