The Long & Foster Cos. today reported that September sales for all of its companies totaled $4.3 billion, an increase of 27 percent over September 2003 but down from $5 billion recorded for August. The company said it was the best September in its 36-year history.
Long & Foster sales are up 30 percent year-to-date-over last year’s record levels, the company said.
The numbers include: Long & Foster Real Estate with September sales of $3.3 billion, up 43 percent on 10,256 property transactions; Prosperity Mortgage, the firm’s mortgage affiliate, which reported $311 million in volume of business, up 40 percent; Long & Foster Insurance, $243 million, up 7 percent. Numbers were off 27 percent for company-affiliate Mid-States Title. The firm’s three affiliates together posted a year-to-date increase of 22 percent, totaling $13 million in sales volume equivalents.
All of Long & Foster’s nine regions throughout the firm’s seven-state market area and the District of Columbia posted increases for September. Virginia/West Virginia was up 47 percent to just over $1 billion; the overall Baltimore, Md./Southern Pa. region was up 43 percent to $628 million; Washington, D.C. was up 35 percent to $251 million; Suburban Maryland was up 43 percent to $509 million; Western Maryland was up 18 percent to $62 million; the Eastern Shore region was up 17 percent to $125 million; the Hampton Roads, Va., region was up 92 percent to $127 million; the Richmond region was up 21 percent to $165 million; the Southern Maryland region was also up 53 percent to $194 million; and the Philadelphia/Delaware Valley region was up 33 percent to $117 million.
The Long & Foster Cos. has more than 200 sales offices and 14,000 sales associates throughout Maryland, Virginia, Pennsylvania, West Virginia, Delaware, North Carolina, New Jersey and the District of Columbia.
What’s your opinion? Send your Letter to the Editor to email@example.com.