The Long & Foster Cos. reported that total April sales for all of its companies totaled $5.4 billion, a 34 percent increase over April 2003.
The companies’ numbers include: Long & Foster Real Estate Inc., with sales of $3.9 billion on 11,870 properties sold, an increase of 31 percent over last year’s record performance. The firm’s three affiliated businesses were also up significantly in real estate sales values for April. Prosperity Mortgage Co., the company’s mortgage affiliate, reported $437 million in volume of business. Strong numbers were also posted by company affiliates Mid-States Title, $867 million, and Long & Foster Insurance, $237 million.
All 10 of Long & Foster’s regions throughout the company’s seven-state market area and Washington, D.C., posted increases for April. They were: Northern Virginia/West Virginia (38 offices) up 34 percent to $1.3 billion; Hampton Roads region (11 offices) up 37 percent to $141 million; Richmond region (19 offices) up 8 percent to $274 million; Washington, D.C. (10 offices), up 29 percent to $295 million; Suburban Maryland (19 offices) up 29 percent to $599 million; Southern Maryland (15 offices), up 33 percent $200 million; Baltimore, Md../Southern Pa., up 32 percent to $723 million; Eastern Shore, Md. (11 offices), up 39 percent to $132 million; Philadelphia (Delaware Valley) region (14 offices), up 74 percent to $159 million; and Western Maryland (8 offices) up 19 percent to $57 million.
The top five Long & Foster offices in descending order and based on April sales volume were as follows: Bethesda Gateway, in Montgomery County, Md., ($130 million); and in Northern Virginia, McLean ($99 million); Burke, Fairfax Station, Clifton, Lorton ($79 million); Friendship Heights in Washington, D.C. ($73 million); and Fair Oaks in Virginia ($65 million).
The Long & Foster Cos. has more than 200 sales offices and 12,500 sales associates throughout Maryland, Virginia, Pennsylvania, West Virginia, Delaware, North Carolina, New Jersey and the District of Columbia.