The continued inventory shortage experienced by most regions of the country was clearly evident in Lake of the Woods again in 2024. This inventory shortage, rising interest rates, and inflation concerns beginning in the second half of 2022 definitely continued to define the 2024 real estate market. Closed sales decreased approximately 10.5% from 220 to 197. As a matter of fact, the number of closed sales has steadily declined since 2022. New construction accounted for 19 of 197 sales, and the median sold price increased 4.1% year over year from $401,500 to $418,000 in 2024
Now let’s look at the past five years:
in 2020, we realized a 4% gain in home sales over 2019, with a total of 313 sales. 2021 showed a gain in sales at 358, and the median sold price increased almost 16% to $337,500, up from $291,250 in 2020. Then came the mixed bag 2022 market: closed sales fell by more than 24%, while the median sold price rose by 11.39%. 2023 also showed an almost 19% decline in closed sales at 220, yet the median sold price continued to rise, ending the year at $401,500, a 6.8% increase over 2022. In 2024, the decline in closed sales continued with a 10.45% drop from 220 in 2023 to 197, while the increase in median sold price continued, showing a gain of 4.11% from $401,500 to $418,000.
Average days on the market ( DOM ), the number of days it takes from the time a property is listed until it goes under contract had decreased from 37 in 2020 to 16 in 2021…yet in 2022, it rose to 23, showing more evidence of changing market. 2023 showed another rise to 32, where it remained in 2024.
It’s also telling to note that a significant number of lots have sold in the past five years. From January 1, 2020, through December 31, 2023, a total of 140 lots were sold, 49 in 2020, 24 in 2021, and only 13 in both 2022 and 2023, while 2024 showed 22 lots selling. There simply are very few lots left in LOW.
Of the MLS sales reported in 2020-2024, new construction numbers have varied. 2020 realized 41 sales, 2021 ended at 37, and 2022 saw new construction sales dip to only 13, rising to 37 in 2023, and ending 2024 dropping to 19. There aren’t many lots left in LOW, which of course will impact new construction sales in the future.
Another notable statistic is the rise in the average sold price to original list price ratio from 2020-2021. 2022 showed a slight decrease to 100.3%, followed by another decrease in 2023 to 98% and finally a 1.15% increase to 99.1% in 2024
Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
55 Chase Lane, Bumpass, VA. 23024, Offered at $449,000
2.5 Acres of county living
Nestled on 2.5 acres of pristine, usable land, this 1868 sq. ft. home is the perfect blend of comfort, style, and functionality. From the moment you approach the property, the charm is undeniable. The horse fencing framing the boundaries and the electric gate provides both elegance and security. A detached, oversized two-car garage adds practicality, while a separate fenced-in backyard creates an ideal space for pets, play, or gardening.
The wraparound deck is a standout feature, inviting you to host unforgettable gatherings or simply enjoy peaceful mornings in the fresh country air.
Step inside to discover an expansive living room with multiple access points, gleaming hardwood floors, and a cozy gas fireplace that adds warmth and charm to the space. The home boasts a traditional two-story floor plan, thoughtfully designed to cater to every need.
The kitchen is a chef’s dream, offering ample storage, generous counter space, and sleek black stainless steel appliances. Adjacent to the kitchen, the dining room exudes elegance, with a large bow window that floods the space with natural light and crown molding with chair rail accents that add a refined touch.
Retreat to the main-level primary bedroom, a cozy yet spacious haven complete with an ensuite bath designed for convenience and comfort, featuring double vanities and thoughtful amenities. A half bath and a laundry room with washer-dryer hookups complete the main floor, ensuring practicality for both daily living and hosting guests.
The upper level offers privacy and charm with two expansive guest bedrooms, a full bath, and a hidden nook—a perfect spot for a reading corner, workspace, or play area.
This home is priced to sell and brimming with features and upgrades that will delight buyers looking for a peaceful retreat with modern comforts. Schedule your showing today—this gem won’t be on the market for long!
Check out the Floor Plan
Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
202 Liberty Lane, Locust Grove, VA offered at $374,900
Nestled in the heart of the amenity-filled Lake of the Woods community, this charming all-cedar rambler offers a harmonious blend of comfort, style, and convenience. Located just a short distance from the front gate, the main beach, the lake itself, and the Lake Clubhouse, this home promises the best of lakeside living. Let’s not forget the zero-scap landscaping.
Step into the inviting foyer, where beautiful luxury vinyl plank (LVP) flooring stretches through most of the main living areas, setting a tone of elegance and warmth. The thoughtfully designed split floor plan provides privacy and functionality.
To your immediate right, you’ll find two well-appointed guest bedrooms and a full guest bathroom, perfect for family or visitors. Continue down the hall to discover the galley kitchen, a chef’s delight with its gleaming granite countertops, ample storage, and a cozy breakfast nook for morning coffee or casual meals.
The heart of the home is the spacious living and dining area, featuring a charming brick gas fireplace that invites cozy gatherings and relaxation. Just off this central space lies the primary ensuite—a private retreat boasting double sinks with granite counters, a walk-in closet, and direct access to the outdoors, to finish up the interior space is the laundry room blending comfort and accessibility.
With an oversized two-car climate-controlled garage, a newly added shed, and a fully insulated attic, there’s plenty of room for vehicles, hobbies, storage, and more. This home is as practical as it is picturesque, embodying the ideal Lake of the Woods lifestyle.
Make this enchanting, meticulously cared-for retreat your forever home—schedule your showing today!
In a private, secure, gated community, Lake of the Woods is a paradise of possibilities. With two lakes, a golf course, an equestrian center, fire and rescue services, and even a church within its bounds, this community offers a diverse range of activities. From boating, water skiing, kayaking, and golfing to the simple joy of soaking in mesmerizing views from the clubhouse, deck, yard, or beaches, there’s something for everyone. Engage your interests by joining over 60 clubs and organizations, or perhaps indulge in a game of bridge or contribute your talents as a volunteer. Lake of the Woods truly caters to your lifestyle.
Located in Orange County, enjoy the added advantage of low real estate taxes. With home prices spanning from $200,000+ to over $2,000,000, Lake of the Woods is the ideal haven for both full-time residents and weekenders. Don’t just take my word for it – come and see for yourself! Allow me to guide you through a tour of Lake of the Woods, showcasing the very essence of what makes this community so special. Experience firsthand the captivating charm of Lake of the Woods!
Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
A new year represents fresh beginnings, making January the perfect time to embark on the exciting journey of finding your dream home. While many people are focused on setting personal goals, savvy buyers know that the real estate market in January can offer unique opportunities. As seasoned real estate experts, we’re here to ensure you’re informed, prepared, and confident every step of the way.
Why January Stands Out for Homebuyers
1. A Slower Market Means Less Competition
Unlike the bustling spring and summer months, January is typically a quieter time in real estate. Many are still recovering from the holidays, and families often prefer not to move during the school year. This slowdown means more opportunities, giving you more time to make decisions.
2. Motivated Sellers Create Opportunities
Homes listed during the winter months often belong to motivated sellers. Whether they’re relocating for work, adjusting to life changes, or simply eager to sell after the holidays, these sellers are more likely to entertain reasonable offers. This dynamic can work in your favor, giving you greater leverage in negotiations.
3. Fresh Listings and Hidden Gems
While it’s true that some homeowners wait until spring to list, January often sees a wave of fresh inventory. Additionally, properties that didn’t sell during the holiday season might now be priced more competitively. As your trusted agent, we’ll help you spot these hidden gems and act quickly when the right opportunity arises.
4. Easier Access to Professionals and Services
The off-season means home inspectors, appraisers, contractors, and movers often have greater availability. This can streamline the entire homebuying process, ensuring fewer delays and a more efficient path to closing.
How We Help You Start the Year Right
Embarking on the homebuying process in January comes with unique opportunities, but it also requires a strategic approach. That’s where we come in! Here’s how we’ll work together to set you up for success:
Customized Guidance Based on Your Needs
Your home search should be as unique as you are. We’ll take the time to understand your lifestyle, budget, and goals, ensuring we focus on properties that truly align with your vision.
In-Depth Market Knowledge
Our expertise in local markets means we’ll help you identify neighborhoods with the best potential for growth, great schools, or amenities that matter most to you. We’ll also monitor market trends to help you make informed decisions.
Pre-Approval and Financial Planning Assistance
Starting your home search with a pre-approval letter not only strengthens your position when making an offer but also ensures you’re looking at homes within your budget. We’ll connect you with trusted lenders who can guide you through the financing process.
Expert Negotiation
Navigating offers and counteroffers can be daunting, but we’re here to advocate for your best interests. We’ll handle the details, ensuring you get the best deal possible without unnecessary stress.
Additional Considerations for January Buyers
Weather and Inspections: Winter weather can reveal potential issues in a home, such as drafty windows, inefficient heating systems, or roof damage. These insights can be invaluable when making an informed decision.
Future Planning: Buying in January gives you time to settle into your new home before spring and summer, making it easier to plan renovations, landscaping, or family gatherings in warmer months.
Your New Home Awaits
Starting your home search in January positions you ahead of the springtime rush, giving you access to motivated sellers, fresh listings, and a less competitive market. Whether you’re looking for your first home, upgrading to accommodate a growing family, or downsizing, we’re here to make your journey seamless and enjoyable.
Let’s make this the year you find your dream home!
Reach out today to schedule a no-obligation consultation. We’ll answer your questions, discuss your goals, and develop a personalized plan to help you succeed. Don’t wait—your perfect home could already be on the market, and we’re here to help you find it.
Walking into this charming all-brick rambler, you are greeted by a spacious living room, complete with a cozy fireplace, seamlessly connected to a beautifully updated eat-in kitchen. With over 1,500 sqft of living space, this home has been completely modernized within the last five years, featuring new flooring, fresh paint, and stunning kitchen and bathroom renovations.
Step through the kitchen to find a deck that overlooks an expansive backyard, perfect for entertaining, gardening, or simply enjoying the outdoors. The converted garage adds even more flexibility to the home, offering a versatile space that can serve as a home office, an additional bedroom, or a family room.
With a horseshoe driveway providing ample parking and a location designed for comfort and style, this home is a true gem. Schedule a tour today and envision making this updated beauty your own!
Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
In December, 12 homes were SOLD in Lake of the Woods.
0 sold below $250,000.00 1 sold between $250,000-299,999; 1 sold between $300,000-349,999; 4 sold between $350,000-399,999; 2 sold between $400,000-499,999; 4 sold between $500,000-$999,999(+)
33 Active/Coming Soon Listings for Sale 9 Homes Under Contract 197 Homes Sold since January 1, 2024
Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
As the calendar turns to a fresh year, many of us start thinking about our goals and dreams for the months ahead. Whether you’re planning to buy your first home, sell your current house, or simply explore your options, setting clear real estate goals for 2025 is a fantastic way to start the year on the right foot. And guess what? You don’t have to do it alone!
We’re not just here for you when you’re ready to make a move—we’re here to help you prepare, strategize, and feel confident about your real estate decisions every step of the way. Let’s dive into how you can set achievable real estate goals for the year and how we can support you.
1. Reflect on Your Real Estate Dreams
Take a moment to think about what’s important to you when it comes to your home. Are you dreaming of upgrading to a larger space? Downsizing now that the kids have moved out? Moving closer to work or family? Or perhaps you’re curious about what your home could sell for in today’s market. Whatever your goals, it’s helpful to write them down. Even if they feel a little far off, having a clear vision can help guide the steps you take this year.
2. Start the Conversation Early
You don’t need to wait until you’re ready to buy or sell to talk to a real estate agent. In fact, the earlier you reach out, the better! By starting the conversation now, we can help you:
Understand current market conditions.
Answer any questions about the buying or selling process.
Discuss potential timelines that align with your personal goals.
Identify key steps to prepare your home or finances.
Whether you’re thinking of making a move in six months or a year, having a game plan in place will make the process much smoother when the time comes.
3. Get to Know the Market
The real estate market is always evolving, and it’s important to stay informed. We’re here to provide insights into what’s happening locally, from current home prices to trends in demand. For buyers, this can mean understanding how to position yourself in a competitive market. For sellers, it’s about knowing when the time is right to list your home.
4. Plan Ahead for Financial Success
Your financial readiness plays a big role in achieving your real estate goals. If you’re buying, now is a great time to evaluate your credit score, save for a down payment, and explore loan options. If you’re selling, we can discuss how to maximize your home’s value through strategic improvements. By taking proactive steps, you’ll set yourself up for success when you’re ready to move forward.
5. Ask Questions—Lots of Them!
Curious about what’s happening in your neighborhood? Not sure if it’s the right time to refinance? Wondering what a home inspection entails? No question is too big or small! We’re here to provide answers, guidance, and peace of mind so you can feel empowered in your real estate journey.
Let’s Make 2025 Your Year!
Whether your real estate goals are crystal clear or just starting to take shape, we’re here to help you turn them into reality. Reach out to us today to schedule a no-pressure chat. We’ll listen to your ideas, share insights, and help you create a plan that works for your unique situation.
Remember, achieving your real estate goals isn’t just about where you’re going—it’s about having the right team to guide you there. Let’s make 2025 a year of exciting opportunities and big wins in real estate!
Licata Group would like to extend a warm welcome to all the new homeowners! We often have really fun events hosted throughout the year, do frequent giveaways (think lotto scratchers, pies, FredNats tickets, just to name a few!), and also provide real estate market updates as well as local upcoming community events. We would like to take this opportunity to invite you to join our newsletter so you can never be without it! Sign up here. Or call our office at 540-388-2541.
Robert L. Rodriguez and Michelle Malipsey-Rodriguez
Stephen R. Pyle and Tammy Lynn Pyle
James Watts and Kimberly Watts
Delaney Jewell and Ann Jewell
Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
Discover the possibilities with this 3-bedroom, 1-bath home offering approximately 1,300 square feet of living space. Nestled on nearly 4 acres of serene land, this property comes with two additional buildings, making it perfect for anyone looking to create their dream homestead or invest in a rewarding renovation project.
This home features three bedrooms and one bath with a classic layout ready for customization. With approximately 1,300 square feet of living space, there’s plenty of room to design a comfortable and inviting home. The nearly 4-acre lot offers privacy, nature, and space for outdoor activities. Two additional buildings provide potential for workshops, storage, or creative studios.
This home is waiting for someone with a vision to restore it to its original charm. Whether you’re an investor, a handy homeowner, or someone looking for a project, this property holds endless potential.
Can this be you? Embrace the opportunity to bring this fixer-upper back to life and create something truly special!
Schedule a showing today and let your imagination run wild!
Whether you’re looking for homes for sale in Lake of the Woods VA or 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, one of our 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
Year-end home maintenance helps keep your property in top shape for the upcoming year.
Tackling small issues now can save money and prevent costly repairs later.
A simple maintenance checklist ensures your home remains safe, comfortable, and efficient.
As the year winds down, it’s the perfect time to give your home some well-deserved attention. Year-end maintenance not only keeps your property in great condition but also sets the stage for a worry-free start to the new year. Let’s take a look at why this is so important and how you can get started with some simple but effective tasks.
Why Year-End Maintenance Matters
Taking care of home maintenance before the new year is a smart move for every homeowner. Regular upkeep ensures your home remains a safe and comfortable space for you and your family. It also helps maintain or even increase your property value, a crucial factor whether you’re planning to sell soon or simply protecting your investment.
Ignoring small issues, like a clogged gutter or a drafty window, can lead to bigger and costlier problems down the road. By tackling these tasks now, you can save yourself the headache—and the expense—of more significant repairs later.
Essential Tasks for Your Year-End Checklist
Here are some essential maintenance tasks to complete before ringing in the new year:
Inspect and Clean Gutters Ensure your gutters and downspouts are clear of leaves and debris. Regular cleaning helps prevent water damage and keeps your home’s drainage system working efficiently.
Schedule an HVAC Inspection Check that your heating system is running efficiently to avoid breakdowns during the colder months. Replace filters for better air quality and energy efficiency.
Seal Drafty Areas Inspect windows and doors for drafts. Add weatherstripping or caulking as needed to improve energy efficiency and reduce heating costs.
Test Smoke and Carbon Monoxide Detectors Replace batteries and ensure all detectors are in working order. Safety should always be a top priority.
Check Your Roof Look for loose or damaged shingles and address any minor issues before they become major problems.
Prepare Your Outdoor Spaces Store or cover patio furniture if needed. Clear walkways of debris to maintain safety and keep outdoor areas tidy and accessible year-round.
Declutter Your Home Use the end of the year as an opportunity to declutter and organize. A tidy home is easier to maintain and feels more welcoming.
Start the New Year Right
By taking the time to complete these maintenance tasks, you’re setting yourself up for a year of comfort, safety, and savings. Homeownership comes with its responsibilities, but a little effort now can go a long way in protecting your property and your peace of mind.
Need more tips for maintaining or upgrading your home? Contact us today for expert advice and resources to help you make the most of your homeownership journey.
