Real Estate Notes

Real Estate Notes

Century21 New Millennium's Centreville office is taking donations for its annual charity drive for Children's Hospital. Last year was a huge success when it was able to donate a carnival-style popcorn machine and numerous board games and art supplies. This year the No. 1 item on the Children's Hospital wish list is personal DVD players and DVDs for the children who cannot join the others on movie night. The office address is 5109 Westfields Blvd., Centreville, or call 703-818-0111.

The Long & Foster Companies reported June 2005 total sales of $7.3 billion for the month — an increase of 26 percent over June 2004. It was the best June in the company's 37-year history.

The numbers include: Long & Foster Real Estate, Inc., with $4.7 billion in sales, up 24 percent on 12,481 property transactions; Prosperity Mortgage, the firm's mortgage affiliate, reported a record $596 million in volume of business, an increase of 66 percent over the previous year; Long & Foster Insurance, a record $502 million, up 15 percent; and Mid-States Title a record $1.5 billion for the month, up 23 percent over the previous June. These latter figures indicate the popularity of the firm's Prestige Partners settlement services with Long & Foster's more than 14,000 Sales Associates.

Wes Foster, chairman of the board and chief executive officer of The Long & Foster Companies, said low interest rates, increasing population and job growth are driving home sales, which is reflected in the companies' unprecedented June sales. There continues to be a tight supply of homes available for sale, which continues to push prices up, he continued. I expect the strong housing market in the region to continue throughout the year.

The top three sales offices in the Northern Virginia region for June based on sales volume were: (in descending order) McLean ($100 million); Reston ($86 million); and Fair Oaks ($81 million).

Randall Hagner Ltd. announces the land sale of 41 acres on Conference Center Drive in Chantilly. Larry Craft and Renee Notes of Randall Hagner Ltd.'s Reston office represented the Seller, Starco Properties VII LLC. Stephen Perkins and Matthew Gallagher of Spaulding & Slye represented the purchaser, Carlyle 9B1 Fairfax, L.P. The property sold for $7.75 million.

RE/MAX Premier of Dulles and Fairfax has surpassed its 2005 recruitment goals in six months. The company finished the quarter with 163 agents, three more than the goal of 160 set for the full year. In addition, the company is on track to exceed its 2005 business goals. Some of the company’s second-quarter community service projects have included:

<sum> Presenting a check for $208,000 — including $85,000 raised by RE/MAX Premier alone — on behalf of the RE/MAX Central Atlantic Region.

<sum> Collecting 409 used cell phones for recycling — nearly 7 percent of the national RE/MAX contribution of about 6,000 phones — to benefit The Coalition to Salute America’s Heroes. The nationwide project yielded over $100,000 to help severely wounded American military rebuild their lives.

<sum> Presenting Fisher House at the National Naval Medical Center in Bethesda, Md., with a $1,500 check. The donation will help the organization supply housing for families visiting wounded soldiers at local military hospitals.

<sum> Representing RE/MAX International at a recent National Governor’s Association conference to tell how RE/MAX is supporting America’s forces.