How RETSY Became Phoenix’s Fastest Growing Technology-Based Brokerage In Under A Year

At 18 Chris Morrison bought his first home in Phoenix, Arizona. That was the prelude to retsys the founding partner’s passion for residential real estate and a very successful career in sales. Morris had discovered by accident that he loved real estate. “I was at Arizona State University working in a golf shop when I bought my first home,” recalls Morrison. “I loved looking for houses and looking at them. I just really enjoyed the process, ”he adds. Morris immediately received his sales license and never looked back. Morrison is among the top 1% real estate agents nationwide.

21 years later and after decades as one of Phoenix’s top brokers, Morrison partnered with several leading agents in the Phoenix area last October to create RETSY, a technology broker. In September, RETSY’s ongoing sales volume (including closed and pending sales) exceeded $ 600 million for 2021, with an average selling price of $ 971,954.

“I believe we are one of the fastest growing independent brokerage firms in the west,” said Morris. “The luxury markets around Phoenix continue to attract buyers from around the world who love the climate, outdoor activities, and the value we offer in luxury real estate compared to other parts of the country such as California, Seattle, and Chicago.”

The luxury spec market in Paradise Valley continues to be strong, with prices ranging from $ 2 million to $ 4 million. “The spec market is on fire again. Buyers may pay a little more, but sometimes it pays to spend the money, ”explains Morrison. “You may pay a premium instead of building it yourself. At the end of the day, you save yourself a headache and have a chance of being valued in this market, ”said Morrison.

A successful combination of proprietary technology and top agents led RETSY to an early success. The brokerage firm’s agent list totals more than $ 3.6 billion in career revenue. Because realtors make the money selling real estate, Morrison provides the agent support and proprietary cutting-edge technology to enable RETSY agents to do just that.

Several of Phoenix’s top luxury teams left other brokerage firms to join RETSY over the past year. “They’re best at selling and doing business, and that’s what they want to spend their time with,” said Founding Partner Josh Peters. “We are providing our agents with technical tools and marketing resources to help them get out and get a faster rate of sales,” added Peters. Morrison extends this: “Our agents can be more effective and provide a better customer experience.”

To give agents extra sales time, RETSY offers in-house services that include access to world-class CRM, fully customizable agent websites and a template library for marketing through social media platforms. There is also a back office app with tools, messaging and entries that are kept private before using the Multiple Listing Service (MLS).

A cornerstone of RETSY’s direct marketing to buyers are the oversized QR codes that are clearly visible on courtyard signs. That way, interested buyers can quickly connect over their phone for real-time information about the house right on the roadside. The result – homes sell faster and at higher prices, according to Morrison. RETSY agents and sellers benefit from the large number of buyers who have scanned the QR code.

RETSY currently has 62 top producers in three offices. “We focus on getting our agents to sell about $ 10 million or more a year. For aspiring agents, we consider whether the tools we provide have the potential to match those numbers, ”confides Morrison, who expects the company to be limited to 100 agents. “We’re building the perfect ecosystem for top luxury agents,” said Morrison. The last 12 months tell the success story of RETSY.

RETSY is an exclusive member of Global Forbes Properties, a consumer marketplace and member network of elite brokers selling the world’s most luxurious homes.