Welcome to 203 Edgehill Drive, located close to the front gate and within walking distance of a beach! The water views are simply the icing on the cake when you see the interior of this newly renovated home from top to bottom! The front deck will become a favorite place to watch the world go by. This one level home offers expansive rooms and a great floor plan! There’s even a new roof and HVAC system! For more information on 203 Edgehill Drive, 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.
Join us this Saturday, 3/20/2021, as we show off these two beautiful homes in Lake of the Woods, VA! Face masks will be required to enter, and social distancing is highly recommended. For more information about the home, click the links below!
1213 Lakeview Pkwy, Lake of the Woods, VA Priced at $344,900 (COMING SOON)
203 Edgehill Dr, Lake of the Woods, VA Priced at $324,900 (COMING SOON)
To view amenities in Lake of the Woods, 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.
Welcome to 115 Butler Circle! Located close to the back gate, this stunning, move-in-ready home will wow you. From the moment you step onto the flagstone walkway, you will know it’s the one. As you enter the living room, you’ll immediately notice the new carpeting and fresh paint. Since the kitchen is the heart of the home, you will be delighted by this incredible, spacious gourmet kitchen with expansive island and dining area (upgraded stainless steel appliances, upgraded cabinetry, 6 burner gas cook top, and double wall oven), which will bring ease to your everyday life and entertaining. The main level includes a light-filled owner’s suite that features walk-in closet space and en-suite bath, along with three additional bedrooms (one is currently being used as an office).
Also, on the main level is a generously-sized laundry/mudroom that includes a pantry, an additional refrigerator, sink, and dishwasher. Imagine a lower level that features a workshop, tons of storage, and two bedrooms (not to code) that could also be used as flex space. A game room, exercise room, office, classroom, or media room…the choice is yours. The extensive landscaping and deck will become a favorite location for relaxing and enjoying the sounds of nature, while the oversized two-car garage with additional room for storage will be such a bonus. And don’t forget the shed for outdoor tools! For more information on 115 Butler 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.
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.
Welcome to 117 Butler Circle… a fabulous lot located near the back gate, on which to build your perfect home in the sought after Lake of the Woods! Mature trees and almost an acre make this the one! So get your lake life started by building your perfect place at the lake on one of the few remaining lots! For more information on 117 butler 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.
Welcome to 222 Spotswood Road, close to the main gate and backing to Spotswood Park. This is the perfect fixer upper! This gem will need a new roof and several repairs. Property being sold “AS-IS” and no repairs will be made by the seller. This home will require an FHA 203K loan or cash. Inspections will be paid by the buyer and the utilities are on. For more information on 222 Spotswood 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.
In January, 20 homes sold in Lake of the Woods. 1 sold between $130-199,999; 2 sold between $200-249,999; 3 sold between $249,900-299,999; 6 sold between $300-349,999; 5 sold between $350,000-399,999; 2 sold between $400-599,999; 1 home sold over $600,000.
13 Active Listings for Sale 55 Homes Under Contract 32 Homes Sold since January 1, 2021.
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
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.
Welcome to 207 Madison Circle! The first thing you will notice is the water views from your front door! This solidly built home is full of light and offers flex spaces on both levels. You will love the spacious living and dining areas, along with three bedrooms (one with attached bath as main floor primary) and flex space (classroom or office, perhaps?) on the main level. The upper level boasts either a private guest suite with en-suite bath or second owner’s suite with upper deck access, which would also make a great classroom or private office! Relax on the other spacious deck and enjoy the sounds of nature while you overlook your private, deep (246+ feet), level, tree lined backyard. Wait…there’s more….. an oversized one car detached garage with workshop space offering its own entrance, and a shed. Even though this home is being sold “As Is,” don’t let that fool you! You are already starting out with equity! For more information on 207 Madison 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.
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
