In October, 15 homes were SOLD in Lake of the Woods.
0 sold below $250,000.00 2 sold between $250,000-299,999; 3 sold between $300-349,999; 5 sold between $350,000-399,999; 3 sold between $400-499,999; 2 sold between $500,000-$999,999;
39 Active/Coming Soon Listings for Sale 23 Homes Under Contract 245 Homes Sold since January 1, 2022.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
0 sold below $250,000.00 1 sold between $250,000-299,999; 3 sold between $300-349,999; 4 sold between $350,000-399,999; 4 sold between $400-499,999; 1 sold between $500,000-$999,999; 0 sold over $1,000,000!
15 Active/Coming Soon Listings for Sale 35 Homes Under Contract 31 Homes Sold since January 1, 2022.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Over the years, we have made it our mission to be the #1 performing brokerage in Lake of the Woods and Orange County. When we prepare your property for sale, negotiate on your behalf, and ensure that your home is sold in the least amount of time for the highest market value, we go above and beyond to provide you with the absolute best results. Our numbers prove it! Allow us the opportunity to present our proven, repeatable system that will work for you. Call us at 540/388-2541!
We look forward to continuing to provide you with the best service and being your preferred Real Estate advisors!
In July, 35 homes sold in Lake of the Woods. 2 sold between $130-200,000; 6 sold between $200-249,000; 8 sold between $249,900-299,000; 13 sold between $300-400,000; 0 sold between $400-500,000; 4 sold between $500-600,000; 1 sold between $700-900,000; 1 sold over $1,000,000.
31 Active Listings for Sale 54 Homes Under Contract 171 Homes Sold since January 1, 2020.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
In February, 16 homes sold in Lake of the Woods. 2 sold between $130-200,000; 1 sold between $200-250,000; 7 sold between $250-300,000; 5 sold between $300-400,000; 1 sold at $600,000.
66 Active Listings for Sale 48 Homes Under Contract 33 Homes Sold since January 1, 2020.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
The continued inventory shortage experienced by most regions of the country was evident in Lake of the Woods again in 2019. Listings increased only 6.4%, from 373 in 2018 to 397 in 2019, while closed sales were up 28.6%. New construction accounted for 30 of the 301 sales. The median sold price increased a healthy 8% year over year from $249,900 to $270,000.
Of the 301 total sales reported in 2019, only 5, or 1 1/2%, were either short sales or foreclosures. At the height of the distressed real estate market in 2010, a whopping 43% of all sales were either short sales or foreclosures.
So let’s look at our steady growth over the past five years:
In 2015, there were 247 sales, with 15% being distressed.
Those total sales represented almost a 30% gain over 2014, and the median sales
price was $210,000.
In 2016, the market was quite flat compared to 2015 in
regards to total sales, which held at 243 with a decrease in distressed sales
to 11.1. However, 2016 saw the median price jump to $225,000, a healthy 7.1%
increase.
In 2017, there were 294 total sales, a whopping 21.1%
increase over 2016 with only 5.8% being distressed. The median sales price
climbed to $239,000.
Average days on the market (DOM), which is the number of
days it takes from the time a property is listed until it goes under contract,
has steadily declined from 127 in 2015 to 57 in 2019.
It’s also telling to note that a significant number of lots
have sold in the past five years. From
January 1, 2015-Decemeber 31, 2019, 184 lots exchanged, with 41 occurring in
2019, down from 55 in 2018. There simply aren’t that many lots left in LOW.
New construction has been climbing, as well. 2015 realized
41 new construction starts; in 2016, there were 28; in 2017, there were 30; in
2018, there were 34; and in 2019, there were 48.
In 2020, according to Freddie Mac and the Mortgage Bankers
Association, mortgage rates are expected to stay within the 3.7-3.9% range.
The prognosis for 2020, as it was in 2019, is excellent! In LOW, there are 57 homes active on the market as of 1/14/2020. In January of 2018, there were 62. Low, stable rates and hopefully more inventory should propel us to experience healthy sales and appreciation.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
In November, 16 homes sold in Lake of the Woods. 3 sold under $200,000; 6 sold between $200-250,000; 2 sold between $250-300,000; 4 sold between $300-400,000; 0 sold between $400-550,000; 1 sold above $550,000.
63 Active Listings for Sale 24 Homes Under Contract 283 Homes Sold since January 1, 2019.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
The Orange County Board of Supervisors is the main legislative body for the county and is comprised of five members who are elected by the voters of the county and serve four-year staggered terms. Each November, a supervisors’ meeting is held in LOW to provide residents a convenient first-hand look at how their local government decisions are made.
The Board of Supervisors will conduct their regular business meeting on Wednesday, November 13th, at 6:00 p.m. in the Great Hall at the Clubhouse. Having a supervisors’ meeting in LOW is a tradition in part because the meetings are well attended. To maintain that tradition, the Civic Club has elected to forgo its regular monthly meeting and encourage increased attendance at the supervisors’ meeting.
On November 13th, the supervisors’ meeting will include a message from Cliff Wilks, President of Lake of the Woods Board of Directors, and a presentation of a Working Draft of the Capital Improvement Program for FY2019 – FY2023. Bryan David, our County Administrator, will report on the supervisors’ Two-Year Strategic Priorities and their Legislative Priorities for the next session of the Virginia General Assembly.
At 7:00 p.m., the supervisors will provide time to receive public comments. Anyone wishing to address the supervisors during the Public Comment must sign-in on the forms that will be located on a table outside the Great Hall. The forms will be submitted to the Chief Deputy Clerk, and speakers will be called in order. After Public Comment, the supervisors will recess for dinner with the Lake of the Woods Board of Directors.
We look forward to seeing you at the Board of Supervisors meeting on November 13th. Before or after the meeting, consider having dinner at the Clubhouse. The view of the lake from the Clubhouse is spectacular.
Please plan to attend the Civic Club meeting on Wednesday, October 9th, at 7pm, in the Great Hall of the Clubhouse. Recently re-elected BOD President Cliff Wilks will have an update for us on BOD goals for the new fiscal year, as well as updates on current projects. There will be time allotted for questions, so please bring yours.
Mr. Wilks is beginning his final year of a three year term as a LOWA BOD, his second as President. He was elected to the LOWA BOD in 2017 by the membership, and subsequently elected by the Board as Vice President in his first year, President in his second year, and re-elected as President in this, his third and final year on the board. Cliff had been an active member on LOW committees from 2012 until being elected to the BOD. He has won two LOWA awards: Outstanding Service Award in 2015, and Outstanding Committee Chair award in 2016.
The 2019-2020 Board of Directors are President, Cliff Wilks, Vice President Jennifer Zukowski, Treasurer Walt Diercks, Secretary Pete Brown, and Directors Heidi Brown, Carl Clawson, and Benita Forrest.
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
