This fall Lifestyles Realtors celebrated its fifth anniversary and year after year, Lifestyles Realtors continues to break its own records. For the fiscal year ending Dec. 31, 2005, the company recorded $553 million in sales, more than doubling the $269 million recorded in 2004.
In the five years since starting Lifestyles Realtors, Michael Bugg, the company’s founder and president, has exported his business model into new markets outside of Northeast Florida. In addition to Tampa and Orlando, the company has opened offices in Charleston and Hilton Head, South Carolina. These are in addition to new offices in Atlanta and Savannah, and satellite offices in Minnesota and Tennessee.
Did You Know?
• Almost eight out of 10 real estate firms have a Web site that’s been online for a median of five years. While the vast majority of Web sites feature real estate listings, three out of five include mortgage or financial calculators; more than half have community information.
(The 2006 National Association of Realtors Profile of Real Estate Firms: An Industry Overview.)
First quarter 2006 earnings of $210.5 million amounted to more than double what it earned during the same period in 2005. And recently, Lifestyles Realtors announced earnings of $202.8 million for second quarter 2006.
Bugg is pleased by the company’s astonishing success; however, growth and earnings don’t begin to tell the whole story. “Community service is as important to me as the bottom line,” says Bugg. “We owe the community much more than just a debt of gratitude.”
Lifestyles Realtors has also worked to restore and promote Jacksonville’s collection of downtown neighborhoods and has recently opened new offices in Avondale, Historic Springfield and San Marco in addition to their office in Riverside.
“Ever since we first opened our doors, Lifestyles Realtors has been an impassioned advocate for the rejuvenation of these historic neighborhoods,” said Bugg. “As a consequence, we’ve brought a new wave of young professionals to restore and repopulate the city’s core communities.”