NEW YORK, August 17, 2021 – Inc. magazine today revealed that Lake Homes Realty is No. 2,711 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Lake Homes moved up 445 spots on the list after having a record sales year in 2020. This is the fifth consecutive year Lake Homes Realty has made the Inc.5000 list. From 2017 to 2020, the revenue at Lake Homes Realty revenue increased by 149% and the number of employees quadrupled. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Inc. 5000 Rankings for Lake Homes Realty
- 2021 – 2,711
- 2020 – 3,156
- 2019 – 2,491
- 2018 – 1,582
- 2017 – 927
“As families looked for ways to flee crowds and to reconnect during the pandemic, Lake Homes Realty offered solutions in 33 states last year,” said Glenn Phillips, CEO of Lake Homes Realty. “We help people find, buy, and sell lake homes and land across the country,” Phillips said. “Making the Inc. 5000 list once is quite an honor. Making the list five consecutive years is a testament to our innovative approach to real estate, an exceptional team, and thinking outside of the box while selling the lake lifestyle,” he said. The company serves buyers and sellers by providing full-service real estate brokerage services through wholly-owned (no franchising) brokerages licensed in 33 states and growing plus the incredible market reach at www.lakehomes.com. “During an unprecedented time, our real estate agents worked with buyers and sellers from across the country leading to an increase in sales of more than 60 percent in 2020 and our numbers continue to grow in 2021,” he said.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20, 2021.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
About Lake Homes Realty
Lake Homes Realty is the nation’s largest lake-focused real estate company. Lake Homes Realty provides full-service, multi-state real estate brokerage services in 33 states. LakeHomes.com has more than 70,000 lake properties listed, totaling $30 billion. Inc. Magazine has ranked Lake Homes Realty as one of the fastest-growing companies for the past five years. More states coming soon. www.lakehomes.com.