15 Homes Sold from January 1, 2024, to January 31, 2024. 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.
The continued inventory shortage experienced by most regions of the country was clearly evident in Lake of the Woods again in 2023. This inventory shortage, along with rising interest rates and inflation concerns beginning in the second half of 2022, definitely defined the 2023 real estate market. Closed sales decreased approximately 19% from 271 to 220. New construction accounted for 24 of the 220 sales, and the median sold price increased 6.8% year over year from $375,950 to $401,500 in 2023.
Now let’s look at the past five years:
In 2019, 301 homes sold, which was a 28.63% increase over 2018, and the median sales price rose to $270,000. 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. And 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.
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 steadily decreased from 57 in 2019 to 16 in 2021…yet in 2022, it rose to 23, showing more evidence of a changing market. 2023 showed another rise to 32.
It’s also telling to note that a significant number of lots have sold in the past five years. From January 1, 2019, through December 31, 2023, a total of 140 lots were sold: 41 in 2019; 49 in 2020; 24 in 2021; and only 13 in both 2022 and 2023. There simply are very few lots left in LOW.
Of the MLS sales reported in 2019-2023, new construction numbers have varied. 2019 realized 31; 2020 sales jumped to 41; 2021 ended at 37; and 2022 saw new construction sales dip to only 13 and rise again to 37 in 2023.
Again, 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 2018-2021. 2022 showed a slight decrease to 100.3%, followed by another decrease in 2023 to 98%.
The financial experts’ forecast for 2023 called for rates to stabilize and then begin a slow decline. The decline in rates didn’t occur as quickly as anticipated.
The 2024 forecast calls for more buyer confidence and a reduction in interest rates that should bring buyers back into the market who “paused” due to all of the uncertainty of 2023. Yet those reductions may come more slowly than anticipated, as during the Federal Reserve’s news conference on January 31, 2024, Chair Jerome Powell noted that a March rate cut is unlikely.
“Home prices keep marching higher,” says National Association of Realtors Chief Economist Lawrence Yuns. “Only a dramatic rise in supply will dampen price appreciation.” And Redfin Chief Economist Daryl Fairweather predicts that mortgage rates will fall to about 6.6% by the end of 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 see available Lake of the Woods properties, please visit our site.
Welcome to your dream home featuring gorgeous lake views! This 3 bedroom, 2 bath gem offers approximately 1988 sq ft of pure bliss, complemented by a 2-car garage with ample storage space. Step into a world of luxury where every inch has been meticulously renovated to perfection.
Marvel at the stunning tile floor that spans the entire home, creating an elegant and seamless atmosphere. The fresh paint, new light fixtures, and brand-new kitchen and bathrooms add a touch of modern sophistication.
The expansive deck, stretching across the entire front of the home, entices you to unwind and enjoy breathtaking lake views. Immerse yourself in relaxation with a soak in the hot tub, surrounded by the serenity of nature.
As you step into the main level living and dining room, be greeted by vaulted ceilings, skylights, recessed lighting, and of course, those captivating lake views. The well-designed kitchen is an absolute delight, inviting you to create culinary masterpieces while enjoying the scenic beauty outside.
Upstairs, the primary bedroom, a second bedroom, and a full bath offer comfort and tranquility. Downstairs, discover another bedroom, a versatile den with outside access that can easily serve as a fourth bedroom, another full bathroom, and a convenient laundry room to streamline your daily routine.
Imagine the new memories waiting to be made by the lucky new owner – from intimate gatherings in the stylish living spaces to evenings of stargazing from the deck. This home is not just a property; it’s a promise of a lifestyle filled with comfort, beauty, and the joy of lake life living. Don’t miss your chance to turn this house into your dream home!
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 captivating 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 see available Lake of the Woods properties, please visit our site.
Unveil Serenity: Don’t waste time. Explore this Renovated 3-bedroom Home with Stunning Views! Open House on Feb. 3rd from 12-2. Your new beginning awaits!
Step into a realm of classic elegance and timeless design, where neutral color palettes defy passing trends seen on the latest HGTV series. This exquisite property, nestled within the coveted River Creek Country Club in Leesburg, Loudoun County VA, boasts the McArthur model by Mitchell and Best Custom Builders. Situated on one of just 31 lots offering Potomac River water views and scenic fairways of the River Creek Golf course, this home epitomizes exclusivity in a secure community. Only 31 single-family Potomac Water view homes exist, with just one hitting the market and swiftly finding a new owner in the past year. Set in a secure gated community and on a private cul-de-sac, this residence stands out as one of the few single-family water-view homes featuring a main floor owner’s suite. Over the last 8 years, meticulous maintenance and close to $400k in remodeling upgrades, including a new roof, HVAC, and kitchen, have elevated this home to surpass the standards of new construction. Perfect for both work-from-home functionality and entertaining, the outdoor space steals the show with breathtaking views from all three levels. The manicured rear garden, complemented by a new maintenance-free composite deck, becomes the favored hangout and dining spot—a tranquil haven where you can savor your morning coffee or evening wine. Step into the front garden, adorned with a Versailles vignette, a fountain, and ample seating—an inviting space to engage with neighbors on leisurely strolls. Indoors, the home seamlessly combines open and spacious rooms with cozy corners, showcasing high ceilings, balconies, and hardwoods throughout. The main level office/library with custom built-ins provides an ideal workspace, while the owner’s suite, boasting a new fireplace, double walk-ins, and water views, exudes sheer opulence. Venture to the lower level with walkouts onto a new patio, transforming into your personal event space with a private bar, fireplace, and gaming areas. Abundant storage spaces and a versatile finished flex space over the garage further enhance the home’s appeal. Discover the rich history of the River Creek Community, an exclusive enclave just 20 minutes from IAD and close to the DC metro in Ashburn. Premium shopping, cultural attractions, and diverse dining options are within easy reach. Embrace a lifestyle where world travels, cultural experiences, and serene countryside living converge in this unique and unmatched residence. Tee up on the Potomac at Leesburg’s premier golf experience, featuring an 18-hole championship course designed by Ault-Clark. River Creek’s comprehensive golf program, complete with an in-house Golf Academy and Fitting Area, nationally recognized professionals, and a vibrant calendar of tournaments and events, positions it as one of the most valuable golf memberships in Northern Virginia. Belong to the River Creek Club—a home away from home that cultivates a relaxed, resort atmosphere, emphasizing outstanding service and amenities. This is not just a residence; it’s a destination—a haven where luxury living seamlessly blends with the perfect blend of sophistication and leisure.
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 see available Lake of the Woods properties, please visit our site.
Discover the epitome of resort-like living in this exquisite home nestled in the vibrant Celebrate Virginia North, an active 55+ community. Boasting over 5000 square feet of living space across 2.5 levels, this residence offers an unparalleled lifestyle with its fantastic amenities and proximity to shopping and restaurants.
As you enter, the home welcomes you with an open-concept design and a warm, inviting atmosphere. The split bedroom floor plan ensures privacy for all residents. With 4 bedrooms and 4 bathrooms, this home is designed to accommodate your every need. The primary suite is a haven of luxury, featuring tray ceilings, carpet flooring, and a spa-like bath – the perfect retreat after a busy day.
Fine details adorn every corner, from crown molding to chair rail and wainscoting. The foyer leads to a spacious office and a guest bedroom with a full bath. The formal dining room, blessed with exquisite detailing, sets the stage for special occasions. The living room, with vaulted ceilings and large windows, creates an airy ambiance. A cozy fireplace and built-in shelving add a touch of comfort.
The well-designed kitchen is a chef’s delight, offering ample counter space, a breakfast bar, and a pantry with ample storage. The adjacent sunroom and eat-in kitchen area provide access to the back deck for easy grilling and entertaining. Notably, this home features a premium lot backing to forest preserve land, providing a serene and picturesque backdrop. The laundry room, conveniently located off the kitchen, adds to the practicality of daily chores.
Ascending to the loft, a spacious and versatile flex space awaits, featuring a bedroom and a full bath. But here’s the surprise – this fabulous home includes a full walkout lower level! The basement offers versatility, whether you desire a den, game room, or craft space. An additional bright and spacious bedroom with a full bath completes this lower level. Storage enthusiasts will appreciate the impressive 21X30 storage room.
This home has it all, ensuring that you never have to leave the neighborhood to find what you need. With amenities and clubs at your fingertips, plus shopping and restaurants just a hop, skip, and jump away, this is more than a home – it’s a lifestyle. Don’t miss the opportunity to call this Celebrate Virginia North gem your own!
Introducing your waterfront dream home in an amenity-rich, gated community! This stunning fabulous 5-bedroom, 4-bath, 3-level residence boasts approximately 5332 square feet of luxurious living space and features breathtaking, long views of the lake! Smartly designed with a primary suite and an additional bedroom and bath on the main level, the residence truly does offer one-level living. Whether you’re looking for a new primary residence that offers one-level living with plenty of space and amenities for family and friends, a multi-generational home, or a place to accommodate your large family, you’ve found your perfect place at the lake!
As you step onto the main level, you’ll be greeted by newer LVP flooring that extends throughout the main area. You’ll appreciate the vaulted ceilings, skylights, and sweeping windows that fill the main areas with natural light, showcasing the picturesque lake views. The separate dining area is perfect for special occasions, while the expansive living room is highlighted by a striking stone wood-burning fireplace—a perfect setting for creating lifelong memories.
The spacious eat-in kitchen is a chef’s delight, accommodating several people at a time. Connected to the living room and kitchen is an amazing sunroom offering panoramic views of the main lake, providing a serene escape. The primary suite is a haven of relaxation, featuring ample space for a seating area and a walk-in closet, all while enjoying the soothing lake vistas and private deck area. A second bedroom and full bath, along with a conveniently located laundry room, complete this level.
Venture to the upper level, where two generously sized bedrooms share a full bath, providing comfort and convenience. The lower level unfolds a massive, open, well-designed recreation room with fantastic lake views and several outdoor areas for lake fun. An additional bedroom and full bath offer privacy for guests, and access to a patio invites you to share the spectacular lake scenes.
This home is not just a place to live; it’s a canvas for creating cherished memories. From entertaining in the formal area to cozy moments by the fireplace, every corner is a backdrop for joy and togetherness. Don’t miss the opportunity to make this dream home yours and embark on a journey of making memories that will last a lifetime. Welcome to a life of serenity and luxury!
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 sensational tour of Lake of the Woods by car and by boat, showcasing the very essence of what makes this community so special. Experience firsthand the captivating charm of Lake of the Wood!
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 see available Lake of the Woods properties, please visit our site.
Welcome to your dream home! This delightful property offers the perfect blend of comfort and style, featuring a convenient one-level living design and a thoughtfully laid-out split-bedroom floor plan. With 3 bedrooms, 2 baths, and a generous 1744 sqft, this residence provides ample space for you and your loved ones to thrive. Pull into your spacious 2-car garage and step into a world of relaxation. The charm continues outdoors with a screened porch and an open deck, ideal for hosting BBQ gatherings or enjoying a tranquil evening under the stars. The expansive lot is a haven for kids, pets, and entertaining, ensuring there’s plenty of room for everyone to roam and play. Inside, the cathedral ceilings throughout the main living area and palladian windows create an open and airy atmosphere, making every room feel inviting and spacious. The home offers a formal dining room and eat-in kitchen seamlessly that connects to the screened porch and back deck, extending your entertainment space and providing the perfect backdrop for memorable gatherings. Picture yourself in the living room, cozied up by the gas fireplace that not only acts as a focal point but also radiates warmth and comfort. The primary ensuite is a true retreat, offering room for a sitting area and a spa-like bath that promises relaxation and rejuvenation. This home is more than just a residence; it’s an invitation to a lifestyle of comfort, convenience, and endless possibilities. Come experience the welcoming ambiance and envision the memories waiting to be made in this extraordinary haven. Your dream home awaits – schedule your visit today! 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 captivating 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 see available Lake of the Woods properties, please visit our site.
Welcome to Your Charming 3-bedroom, 2-bath Rambler Retreat! Nestled in a tranquil setting, this inviting rambler offers a perfect blend of comfort and style. Boasting approximately 1931 sqft. of well-designed living space, this 3-bedroom, 2-bath gem is a haven of modern amenities. The spacious living room welcomes you with the warmth of a fireplace, creating a cozy atmosphere perfect for family gatherings or quiet evenings. The heart of the home, the kitchen, is a culinary delight. Recently updated with granite countertops, a stunning backsplash, and new appliances, it seamlessly combines elegance with functionality. Choose between the formal dining room for special occasions or the convenient eat-in kitchen for casual meals where you can seamlessly move to a screened porch with a propane heater, ensuring year-round enjoyment Or Step onto the sizable back deck, an ideal spot for morning coffee or evening relaxation. The lush surroundings provide a private retreat, perfect for entertaining friends or simply unwinding. The split bedroom floor plan ensures privacy for both owners and guests. This thoughtful design creates a harmonious balance between shared spaces and personal retreats. This home comes complete with a whole-house generator and a new HVAC system, providing peace of mind and year-round comfort. Protect your vehicles and enjoy the convenience of a spacious two-car garage, adding an extra layer of functionality to this already impressive property. This home exudes an inviting and cozy ambiance, making it a perfect place to create lasting memories with family and friends. With its thoughtful design, modern updates, and serene outdoor spaces, this rambler is ready to welcome you home. Schedule a showing today to experience the charm and comfort firsthand. Your new haven awaits! 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 captivating 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 see available Lake of the Woods properties, please visit our site.
Welcome to the epitome of luxurious living in the Pendleton Subdivision located in Ruther Glen, VA! Nestled in this amenity-filled community, this fabulous townhome boasts 4 bedrooms and 3.5 baths, offering a perfect blend of comfort and style. Step into a spacious, well-appointed home where modern design meets functionality. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for entertaining or relaxing. The kitchen is a chef’s delight with ample counter space and a convenient breakfast bar. Upstairs, retreat to the tranquility of the master suite, complete with a private bath featuring dual sinks, a soaking tub, and a separate shower. Three additional bedrooms provide versatility for guests, a home office, or a growing family. The 3.5 baths ensure convenience and privacy for all. Outside, enjoy the beautiful surroundings of Pendleton. Take a dip in the community pool, tee off at the golf course, or let your furry friends play in the dog park. For family fun, explore the cornhole area or let the little ones enjoy the tot lots. This townhome is not just a residence; it’s a lifestyle. With its impeccable features and the array of amenities Pendleton has to offer, it’s a home where memories are made. Don’t miss the chance to make this your dream home – schedule a showing today!
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 see available Lake of the Woods properties, please visit our site.
Moving to a new home can be an exciting yet stressful experience for humans, and our furry friends are no exception. Pets, especially dogs and cats, can become anxious and disoriented during a residential move. As responsible pet owners, it’s essential to prioritize their well-being during this transition. In this blog, we’ll explore practical tips to protect your pets from the stress of moving, ensuring a smooth and pawsitive experience.
Maintain Regular Routines: Amidst the chaos of packing and organizing, don’t forget to schedule dedicated time for your pets. Regular attention, playtime, and snuggles are crucial to reassure them and maintain a sense of normalcy. Even while moving, your pets should feel secure in their bond with you.
Temporary Relocation: If your home is being shown to prospective buyers, consider having your pets stay with trusted neighbors or friends during showings. This not only reduces their stress but also ensures their safety during the hectic process. Alternatively, you can opt for professional pet-sitting services or dog-walking services to keep them active and engaged.
Natural Calming Supplements: For pets prone to anxiety, consider using natural calming supplements recommended by your veterinarian. These can include pheromone diffusers, sprays, or treats that promote a sense of calmness. Always consult with your vet before introducing any new supplements, ensuring they are safe and appropriate for your pet’s individual needs.
Create a Familiar Space: In your new home, set up a designated area for your pets with their familiar bedding, toys, and bowls. This creates a sense of continuity and provides them with a safe space amid unfamiliar surroundings. Minimize changes to their furniture and tools during the move to maintain a semblance of routine.
Research Pet Services in the New Area: Before the move, research local veterinarians, pet parks, and other pet services in your new neighborhood. Knowing where to find these resources in advance can make the transition smoother for both you and your pets. Ensure that your new community is pet-friendly and offers the amenities your pets need.
Moving to a new home is undoubtedly a significant undertaking, and ensuring the well-being of your pets throughout the process is a vital responsibility. By incorporating these practical tips into your moving plan, you can minimize stress and anxiety for your furry companions. Remember, a happy and relaxed pet makes for a happier and more settled family in your new home.
