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 opinion@inman.com.
