Are you holding back from making a move because of your current mortgage rate? You’re not alone. Many homeowners are sitting on historically low interest rates and worrying they’ll lose too much if they sell. But the truth is—waiting could cost you more than you think.
Reasons to Move Despite the Higher Rate:
Life Happens—And Life Comes First Job changes, growing families, downsizing, needing to be closer to loved ones—life doesn’t pause for the market. If your current home no longer fits your needs, the right time to move is now.
Home Equity Is at an All-Time High Many homeowners have built significant equity. That equity can offset a higher rate, reduce your loan amount, or even let you buy with cash in some cases.
You Can Always Refinance Later Interest rates fluctuate. Buying now may get you into the right home, and if rates drop later, you can refinance and bring your payment back down. If you purchased homeowner’s title insurance, you could get a big discount on closing costs the second time around.
Today’s Prices Could Be Tomorrow’s Deals Waiting may not save you money. Home prices are still climbing in many areas. If the market shifts and rates stay high or go higher, affordability gets worse.
Renting or Staying Could Cost You More Emotionally and Financially Settling for less than what you need in a home can take a toll. Comfort, functionality, location—all of it matters. Your quality of life is worth investing in.
Every situation is unique, and that’s why we’re here. If you’ve been wondering whether now is the right time to move, let’s talk. The Licata Group is ready to walk you through your options and help you make the best decision for your future.
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.
0 sold below $250,000.00 1 sold between $250,000-299,999; 6 sold between $300,000-349,999; 2 2 sold between $350,000-399,999; 7 sold between $400,000-499,999; 9 sold between $500,000-$999,999(+)
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.
109 Constitution Drive: Offered at $383,500. Under Contract!
A must-see home offered at a competitive price! Stylishly Remodeled & Just Steps from Cornwallis Beach! Welcome to this beautifully remodeled 3-bedroom, 3-bath split-level home, offering just over 1,700 square feet of modern, comfortable living space. Ideally situated on a spacious corner lot, you’re only a short walk from the peaceful Cornwallis Beach. Step inside to discover brand-new ¾ birch hardwood flooring throughout the main floor living space and a stunning, fully renovated kitchen featuring quartz countertops, newly installed custom cabinets with ample storage, and all-new stainless steel appliances. Each bathroom has been completely updated with life-proof LVP flooring and stylish finishes, giving the home a fresh, contemporary feel. The lower level also has life-proof LVP flooring as well and is the ultimate entertainment space—perfect as a game room, cozy den, or movie night retreat. Whether you’re hosting friends or enjoying a quiet evening in, this area adapts to your lifestyle. Enjoy the outdoors from your expansive back deck that runs the length of the home, or take advantage of the 2-car garage for added convenience. This move-in-ready home offers comfort, style, and a fantastic location—don’t miss out! Nestled 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 must-see home offered at a competitive price! Stylishly Remodeled & Just Steps from Cornwallis Beach! Welcome to this beautifully remodeled 3-bedroom, 3-bath split-level home, offering just over 1,700 square feet of modern, comfortable living space. Ideally situated on a spacious corner lot, you’re only a short walk from the peaceful Cornwallis Beach. Step inside to discover brand-new ¾ inch birch-hardwood, flooring throughout the main floor living space and a stunning, fully renovated kitchen featuring quartz countertops, newly installed custom cabinets with ample storage, and all-new stainless steel appliances. Each bathroom has been completely updated with life-proof LVP flooring and stylish finishes, giving the home a fresh, contemporary feel. The lower level also has life-proof LVP flooring as well and is the ultimate entertainment space—perfect as a game room, cozy den, or movie night retreat. Whether you’re hosting friends or enjoying a quiet evening in, this area adapts to your lifestyle. Enjoy the outdoors from your expansive back deck that runs the length of the home, or take advantage of the 2-car garage for added convenience. This move-in ready home offers comfort, style, and a fantastic location—don’t miss out!
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.
0 sold below $250,000.00 2 sold between $250,000-299,999; 2 sold between $300,000-349,999; 5 sold between $350,000-399,999; 6 sold between $400,000-499,999; 2 sold between $500,000-$999,999(+)
44 Active/Coming Soon Listings for Sale 26 Homes Under Contract 41 Homes Sold since January 1, 2025
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.
0 sold below $250,000.00 1 sold between $250,000-299,999; 2 sold between $300,000-349,999; 4 sold between $350,000-399,999; 5 sold between $400,000-499,999; 2 sold between $500,000-$999,999(+)
29 Active/Coming Soon Listings for Sale 23 Homes Under Contract 24 Homes Sold since January 1, 2025
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.
Welcome to the highly sought-after Worldgate Condominium! This well-maintained 2-bedroom, 2-bathroom condo offers a perfect blend of style and comfort, featuring granite countertops, beautiful cherry hardwood flooring, and a cozy gas fireplace—ideal for relaxing or entertaining.
Enjoy ground-level convenience, a spacious and open floor plan with abundant natural light, a modern kitchen with sleek finishes, and well-appointed bedrooms for ultimate privacy. The primary suite boasts an ensuite bath and two closets, while the spacious second bedroom offers flexibility as a guest room or home office.
Located in the heart of Herndon, this community provides many amenities including a pool, fitness center, clubhouse, and walking trails. Conveniently situated just minutes from the Silver Line Metro, Dulles Airport, major commuter routes, shopping, dining, and entertainment, this home is perfect for commuters and city lovers alike.
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 January, 7 homes were SOLD in Lake of the Woods.
0 sold below $250,000.00 0 sold between $250,000-299,999; 1 sold between $300,000-349,999; 1 sold between $350,000-399,999; 3 sold between $400,000-499,999; 2 sold between $500,000-$999,999(+)
32 Active/Coming Soon Listings for Sale 20 Homes Under Contract 7 Homes Sold since January 1, 2025
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.
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.
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.
