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The Long & Foster Companies reported that 2005 sales reached a historical high of $65,738,340,690 compared to $56.3 billion the previous year, which was also a company record. Overall sales increased 17 percent year-over-year.
All of The Long & Foster Companies reported all-time company record sales for 2005. The numbers include: Long & Foster Real Estate Inc., with $44.6 billion in sales on 122,619 property transactions, up 14 percent over 2004; Prosperity Mortgage, the firmÕs mortgage affiliate, reported $5 billion in volume of business, an increase of 25 percent over the previous year; Long & Foster Insurance, $3.7 billion in real estate equivalents, an increase of 27 percent; and Mid-States Title, $12.4 billion, an increase of 21 percent.
IDI completed its two newest Leisure World of Virginia condominium communities: Potomac Ridge, a 231-unit, 11-story building; and The Magnolias, an enclave of three four-story buildings comprising 167 homes. IDI's newest Leisure World high-rise, Riverview, a 242-unit, 11-story building, is already more than 60 percent sold even though it won't be completed until the second half of 2006.