This part of The Licata group history started about a year ago when a client approached us about selling a home in Arlington. A natural inclination would have been for the Licata Group to refer the client to one of the thousand or so Keller Williams Capital Properties agents. Then manage the transaction to ensure procedural standards were met. That’s when we hit upon an idea. Why not handle ourselves!
The Licata Group has, within the team, an agent holding Licensure in District of Columbia, Maryland and Virginia (DMV). That gives us the right to practice real estate in all three jurisdictions. Moreover, The Licata Group is attached to a Stafford Market Center, one of eight market centers located in and around the Washington DC Metroplex.
How can The Licata Group do it, you may ask? Let’s look at this question from two different prospectives. First, from the brokerage prospective, The Licata Group can call on the associate brokers in every location to answer technical questions that may arise in any transaction. Ever mindful of the fact, that our representing agent must take the required continuing education to stay current and compliant. The brokerage centers also give us a physical location to meet up with clients.
A client might have a second point objection, of an agent not understanding the area or specific neighborhood. Certainly this is a valid point. But our experience has shown that artificial intelligence gives an agent the advantage of seeing and processing comprehensive neighborhood information. In addition, forty years of moving and relocation experience have taken us to just about every established neighborhood.
The value of all this lies in the ability to better synchronize the sale an old home and purchase of a new one. Each transaction handled by a different agent to maintain the integrity and compliance. Interested in learning more. We have references available for you. Just email dan@licatagroup.com.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. Thinking of selling? In any market condition, “what is my homeworth?” 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 inventory shortage experienced by most regions of the country was evident in Lake of the Woods in 2018, as listings were down 13.9% over those in 2017. 234 sales were reported in our MLS in 2018, down from 294 in 2017 (a 19.6% decrease). New construction accounted for 11 of the 234 sales. The median sold price increased 4.56% year over year from $239,000 to $249,900.
Of the 234 total sales in 2018, only 15, or 6.4%, 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.
So let’s look at our steady growth over the past five years:
In 2014, the median sold price was $219,450, with 193 homes selling. Only 11.9% were distressed. Average days on market was 92.
In 2015, the total sales climbed to 247, with 15% being distressed. The total sales represented almost a 30% gain over 2014, and the median sales price dropped to $210,000.
In 2016, the market was quite flat compared to 2015 in regards to total sales, which held at 243 with a decrease in distressed sales to 11.1%. However, 2016 saw the median price jump to $225000, a healthy 7.1% increase.
In 2017, there were 294 total sales, a whopping 21.1% increase over 2016 with only 5.8% being distressed. The median sales price climbed to $239,000.
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 92 days in 2014 to 76 in 2018.
It’s also telling to note that a significant number of lots have sold in the past five years. From January 1, 2014-December 31, 2018, 177 lots exchanged, with 55 occurring in 2018.
New Construction has been climbing, as well. 2014 realized 18 new construction starts; in 2015, there were 41; in 2016, there were 28; in 2017, there were 30; and in 2018, there were 34.
In 2019, according to Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors, mortgage rates are expected to increase at a much slower pace than that in 2018. So far in 2019, they have actually decreased from the 4th quarter of 2018.
The prognosis for 2019 is excellent! In many areas of the country, inventory is rising. In LOW, there are 62 homes active on the market as of 1/26/2019. Last year in January, there were 55. More stable rates and more inventory should propel us to experience healthy sales and appreciation.
**All statistics have been obtained from BrightMLS, our local MLS, except for new construction starts, which were obtained from LOWA.
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 homeworth?” 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.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. Thinking of selling? In any market condition, “what is my homeworth?” 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.
Don’t miss out on this property! You are welcomed by the quaint front porch as you enter the open concept, one-level-home with seasonal views on the main lake: this house is ready to move in and situated close to the main gate! New roof, new skylights, new bathroom and new garage door. On top of that: hardwood floors throughout, Andersen windows, Next-Door-Blinds and SS appliances. Enjoy the comforting stone fireplace framed by built in shelving. Home has sought after split bedroom floor plan, each with attached bath. Separate outside (and inside) access to the office/3rd bedroom. Enjoy Lake of the Woods, a gated community with enough to do for the young (at heart), lakes, beaches, tennis courts, pools, restaurants/bar and all the other excellent amenities. Easy access to I95 and Northern Virginia, Washington, Charlottesville and Richmond.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. 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.
233 Birchside Circle, the absolute best of both worlds! From the front of the house you will be able to see the sunshine dance off the water and from the back of the house you have a great view of the golf course! This home boasts 3 spacious bedrooms, a well appointed kitchen with a breakfast area or you can enjoy your meals in the separate dining room. Not only do you have a light-filled living room but on the lower level you will also find a cozy family room just waiting for you to gather around the fireplace. Maybe you’ll want to spend your days in the sunroom admiring all the azaleas that surround the property.
There are an abundance of things to do at Lake of the Woods! 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, water skiing, 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! Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. Thinking of selling? In any market condition, “what is my homeworth?” 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.
Make this custom built property your home! Boasting 3 bedrooms, 3 full bathrooms as well as sun-room, family room, dining room and a cozy living room open to the kitchen, you will not want for more space! The cathedral ceilings, three fireplaces, Bose sound system and large covered porch add extra comfort and character. Feel like venturing out; enjoy the lakes, golf, dining, pools, stables & more! Offered at $331,400!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. Thinking of selling? In any market condition, “what is my homeworth?” 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.
While home prices may have ended 2017 on a high note, in the United States this year (2018), home prices are beginning to rise, faster than the rate of economic growth.
Home prices have increased 5.9% which is impacting buyer’s budgets. The market had been very limited and with Spring market in full-swing, NAR chief economist, Lawrence Yun believes “one of the top wild cards for the housing market in coming months will be how both buyers & potential sellers adjust to the steady climb in mortgage rates since last year.”
Along with raising home prices, interest rates are on the rise as well which puts a strain on borrowers and adding additional pressure to their budget.
According to the National Association of Realtors, rising interest rates could also hold back some sellers that are reluctant to lose their lower interest rate, particularly if they had recently refinanced.
Whether your looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. Thinking of selling? In any market condition, that’s the #1 question asked by home sellers. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. The Question is how much is it worth? 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.
By Pat Licata, External Affairs Committee
What a difference a year makes! 2017 was an amazing year for real estate sales in Lake of the Woods, with sales showing an increase of 21+% over 2016. New construction has continually been on the rise as well.
Of the 294 total sales in 2017, only 17, or 5.8%, 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. We’ve come a long way!
So let’s look at our steady growth over the past five years: In 2013, the median sold price was $190000, and 211 homes sold, of which 28.2% were distressed sales.
In 2014, the median sold price jumped to $219,450, with 193 homes selling, of which only 11.9% were distressed.
In 2015, the total sales climbed to 247, with 15% being distressed. The total sales represented almost a 30% gain over 2014, and the median sales price dropped to 210,000.
In 2016, the market was pretty flat compared to 2015 in regards to total sales, which held at 243 with a decrease in distressed sales to 11.1%. However, 2016 saw the median price jump to 225000, a healthy 7.1% increase.
2017 told a totally different tale: 294 total sales, a whopping 21.1% increase over 2016 with only 5.8% being distressed. The median sales price climbed to 239,000.
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 111 in 2013 to 95 days in 2017. It’s also telling to note that a significant number of lots have sold in the past five years. From January 1, 2013-December 31,2017, 155 lots exchanged ownership.
New construction has been climbing, as well. 2013 saw 17 new construction starts, while 2014 had 18, In 2015, there were 41; in 2016, there were 28; and there were 30 in 2017.
Another good year in 2018 is anticipated! Our low taxes in OC will potentially be even more appealing to prospective residents. The new tax law allowing tax deductions only up to $10,000 for real estate taxes may drive consumers to lower tax base localities such as what we enjoy here.
Whether your looking for homes for sale in Lake of the Woods Va or Waterfront property in Virginia or homes for rent we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove and Central Virginia, we are your proven Real Estate professionals. Thinking of selling? In any market condition, that’s the #1 question asked by home sellers. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. The Question is how much is it worth? 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!
Enjoy this beautiful aerial tour of Lake of the Woods! By Pat Licata, behold the beauty of Lake of the Woods from a bird’s eye view! From this view you will be able to see all the magnificence and great amenities Lake of the Woods has to offer. After watching this breathtaking aerial tour you will understand why everyone says “It’s another beautiful day at the lake” each and every day!
There are cracks in the foundation. Nothing structural. Nothing that’s going to threaten the stability of the home, but they’re there. Nooks, crannies and holes through which seeps an invisible threat. Colorless, odorless and undetectable by your average human, it is nonetheless the second leading cause of lung cancer in the United States.
Radon gas – even the name sounds ominous, evoking images of radiation and nuclear devastation. Radon gas is created when uranium in the soil decays. The gas then seeps through any access point into a home. Common entry points are cracks in the foundation, poorly sealed pipes, drainage or any other loose point. Once in the home, the gas can collect in certain areas – especially basements and other low-lying, closed areas – and build up over time to dangerous levels. The Environmental Protection Agency of the US Government has set a threshold of 4 pico curies per liter as the safe level. As humans are exposed to the gas over a period of years, it can have a significant and detrimental effect.
The inventory shortage experienced by most regions of the country was evident in Lake of the Woods in 2018, as listings were down 13.9% over those in 2017. 234 sales were reported in our MLS in 2018, down from 294 in 2017 (a 19.6% decrease). New construction accounted for 11 of the 234 sales. The median sold price increased 4.56% year over year from $239,000 to $249,900.
