Real Estate Notes

Real Estate Notes

Coldwell Banker Residential Brokerage (CBRB) offers free weekly career seminars at each of the CBRB Virginia offices for those interested in finding out more about a career in real estate. Seminars at Woodson High School are held Mondays and Wednesdays, from 6:30-10 p.m., through April 19, 2004. To register, or for more information, call 1-800-992-4794.

Rebecca Lipp, Lilliana Shirvanian and Kay Kim have joined the Fair Oaks office of Coldwell Banker Residential Brokerage as sales associates.

The Long & Foster Companies reported January sales of over $2.9 billion compared to $2,663,575,289 the previous year. Overall sales increased 10 percent over January 2003.

The record sales for January 2004 include Long & Foster Real Estate, Inc. reporting sales of $2.0 billion on 7,401 properties sold, and Prosperity Mortgage Company, the firm's mortgage affiliate, reporting $27.8 million in volume of business, a 23 percent decrease over the same month of the previous year, with the decline being in large part due to a decrease in refinancing business. Strong sales-volume numbers were also posted by company affiliates, Mid-States Title, $423 million, up 30 percent, and Long & Foster Insurance, $167 million, up 32 percent.

Nine of Long & Foster's 10 residential real estate sales regions either held steady with the previous year's sales or posted increases for January 2004. The Northern Virginia/West Virginia region, with 38 offices, was even with last year with $617,954,267 in sales.