Esslinger-Wooten-Maxwell, Realtors, Tops $3 Billion Mark in Annual Sales During 2004

Posted by — March 13, 2005

Esslinger-Wooten-Maxwell (EWM), Realtors, one of the largest real estate services firms in America, reported $3 billion of combined 2004 sales for their real estate, mortgage, title and property insurance services, a 27% increase over what was already a record 2003.

It is the 8th consecutive year of double-digit growth for EWM, and reflects nearly ten-fold growth in the company since 1996.

"These numbers are staggering," says EWM President Ron Shuffield. "They are a reflection of the power of South Florida's real estate market, which continues to see unprecedented growth."

Shuffield attributes the growth to a variety of factors, among them EWM's representation of condominium conversion projects and high-end residential developments such as Metropolitan Miami, continued growth of the company (now at 950 associates and staff), and the ongoing favorable climate for real estate as a whole in South Florida.

Another major reason for the growth is EWM's relationship with HomeServices of America, the second largest residential real estate firm in America. HomeServices, an affiliate of Warren Buffett's Berkshire Hathaway, purchased EWM in July of 2003.

"We've been with HomeServices for a full year now," adds Shuffield, "and the ability to provide our clients with access to a team of 20,000 sales associates across 18 states is a huge benefit which cannot be overstated."

As to plans for 2005, Shuffield notes that EWM will continue to expand, both in its current markets, as well as new markets, specifically up the eastern coast of Florida.

"We expect to open a number of additional offices in 2005," concludes Shuffield, "among them new offices in Palm Beach County, and in the near future, beyond."

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