Category Archives: Licata on the Lake

LOT For Sale in Lake of the Woods, VA! 208 Edgemont Lane Offered at $50,000

Build your dream home here on this incredible half-acre + lot backing to parkland! If you are looking for privacy on a sought-after larger lot, this is it!

A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed!

Perhaps you’d like a game of bridge or volunteering your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $100,000 to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods! For more information on 208 Edgemont Lane, Click Here!

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.

Beautiful Home in Lake of the Woods Overlooking the 18th Hole in Lake of the Woods! 111 Fairway Drive Now UNDER CONTRACT!

Welcome to 111 Fairway Drive, located close to the main gate and overlooking the 18th hole will make this the one. You’ll love the gleaming hardwood floors, open floor plan, and updated finishes! The living room flows effortlessly into the dining room boasting a cozy fireplace and built-ins. Imagine an upgraded kitchen that provides room to spread out. The spacious and inviting owners suite with updated en-suite bath is sure to delight. Additionally, there is flex space that will make a perfect office, classroom, or craft room. That is not all… you will enjoy relaxing the days away in the sunroom, screened porch, or deck while enjoying the view. If you’re in the mood for a great breakfast or lunch, Fareways Cafe is just a few steps away as well as the Golf Pro Shop.  For more info, Click Here!

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.

market stats

The LOW-down on Real Estate at the Lake 2020 By Pat Licata

The continued inventory shortage experienced by most regions of the country was clearly evident in Lake of the Woods again in 2020. Listings decreased by 11.6%, from 397 in 2019 to 351 in 2020, while closed sales were up 4% from 301 to 313. New construction accounted for 34 of the 313 sales. The median sold price increased a healthy 7.87% year over year from $270000 to $291,250 in 2020.

Of the 313 total sales reported in 2020, only 8, or 2 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.

Now let’s look at our steady growth over the past five years:

In 2017, there were 291 total sales, a whopping 21.7% increase over 2016 at 239. The median sales price climbed to $239,000.

In 2018, 234 homes sold, which was an 8% decrease from 2017. The median sales price rose to $249,900. In 2019, we realized a 28.63% gain in homes over 2018, with a total of 301 selling.

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 117 in 2016 to 37 in 2020.

It’s also telling to note that a significant number of lots have sold in the past five years.  From January 1, 2016-Decemeber 31, 2020, a total of 196 lots sold: 24 in 2016; 37 in 2017; 45 in 2018, 41 in 2019; and 49 in 2020. There simply are very few lots left in LOW.

New construction has been climbing, as well. 2016 realized 28 new construction starts; in 2017, there were 30; in 2018, there were 34; in 2019, there were 48; and there were a whopping 66 new starts in 2020.

Another notable statistic is the dramatic rise in average sold price to original list price ratio. It has steadily risen from 93.9% in 2016 to 99.2% in 2020.

According to Freddie Mac and the Mortgage Bankers Association, mortgage rates were expected to stay within the 3.7-3.9% range in 2020. Interestingly, rates were surely seen well below those numbers. As of today, it’s possible to obtain a 15-year fixed rate below 2%, with the 30-year rate below 3%. Financial experts are expecting another year of low interest rates.

The prognosis for 2021, as it was in 2020, is excellent! In LOW, there are 9 homes active on the market as of 1/14/2021. In January of 2019, there were 57. Low, stable rates and hopefully more inventory should propel us to experience another year of healthy sales and appreciation.

Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Northern 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.

To see available properties, please visit our website licatagroup.com

market stats 2020

Lake of the Woods November 2020 Market Stats

In November, 20 homes sold in Lake of the Woods.
1 sold between $130-200,000;
4 sold between $200-249,000;
4 sold between $249,900-299,000;
9 sold between $300-399,000;
2 sold between $400-599,000;

18 Active Listings for Sale
51 Homes Under Contract
286 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.

market stats 2020

October 2020 Lake of the Woods Real Estate Stats

In October, 24 homes sold in Lake of the Woods.
1 sold between $130-200,000;
4 sold between $200-249,000;
6 sold between $249,900-299,000;
9 sold between $300-399,000;
2 sold between $400-599,000;
1 sold between $500-699,000;
1 sold over $700,000+

27 Active Listings for Sale
51 Homes Under Contract
264 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.

market stats

August 2020 Lake of the Woods Statistics

In August, 32 homes sold in Lake of the Woods.
1 sold between $130-200,000;
3 sold between $200-249,000;
8 sold between $249,900-299,000;
14 sold between $300-400,000;
2 sold between $400-500,000;
2 sold between $500-600,000;
1 sold between $700-899,000;
1 sold over $900,000.

28 Active Listings for Sale
54 Homes Under Contract
205 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.

Gorgeous Home On Private Lot in Lake of the Woods, VA! 304 Gold Valley Road Now SOLD!!

Craving space? You’ll love this great house, located in amenity rich Lake of the Woods, offers! The house is perfectly situated on a private lot that backs to trees for privacy. The inside delights with a spacious living room and the kitchen/dining area on the main level, with access to sunroom through the dining area. The upper level is where you will find the master bedroom with attached full bath and large closet, along with the other two bedrooms. If that isn’t enough, the lower level features a family room, laundry and another full bath! The oversized garage with workshop is perfect for the car enthusiast or woodworking, gardening or even for a craft area. Enjoy sitting in the sunroom that backs to a very private, level yard. For more information on 304 Gold Valley Road, Click Here!

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.

market stats 2020

July 2020 Lake of the Woods Monthly Market Statistics

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.

Stunning WATERFRONT Home in Lake of the Woods, VA! 106 Confederate Circle Now SOLD!!

Time to get your lake life started with this beautiful home on a private cove, jump on your boat and you are seconds from the main lake. This home is amazing from the minute you are welcomed by the brick entrance to the gleaming hardwood floors once inside. The formal living room and gorgeous dining room are set apart with columns and great design. Imagine having a kitchen with a large center island, two windows at your sink, more than ample counter and cabinet space, pantry and dining area. The family room is gracious in size and offers a corner gas fireplace for those cool nights.

Once upstairs you will be delighted with the owner’s suite, not only is it spacious it has an impressive huge walk in closet. The owner’s luxury bath offers a spa feel with a soaking tub, separate beautiful shower and double vanity. The upper level is completed with 3 more bedrooms, another full bath and the laundry room. A lower level offers another bedroom, full bath, family room with corner gas fireplace and flex space that could be used as a hobby room or exercise room. Plus the storage space in this home between closets and storage areas are impressive! Sprinkler system and invisible fence are bonuses. For more information on 106 Confederate Circle, Click Here!

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.

Stunning 4000+ SQ FT Home in Lake of the Woods! 109 Ashlawn Court Now SOLD!!

Welcome to prestigious 109 Ashlawn Court! If space is what you crave in a move-in ready, custom built home boasting fabulous architecture and 4,000+ finished square feet, this is it!!! You’ll love the bright, eat-in gourmet kitchen with granite countertops, expansive island, upgraded stainless steel appliances, and large pantry. The kitchen flows into the spectacular family room showcasing a gorgeous floor to ceiling stone fireplace. Off the family room you’ll find the fabulous screened porch and deck to enjoy the stunning private, level back yard comprising almost an acre on a double lot.

The formal dining room is spacious and perfect for entertaining, while the light-filled formal living room can double-duty as a music room or office. A bedroom/flex room completes the main level. The upper level offers an incredible master suite with tray ceiling, his and her walk-in closets, and a luxury bath that feels more like a spa retreat. Three additional large bedrooms share the other two full baths on the upper level. The finished basement is expansive and the perfect space for any need. Imagine a theater room, game room, man or woman cave~the possibilities are endless. And…last but not least, the over sized two car garage is sure to please! For more information on 109 Ashlawn Court, Click Here!

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.