By Pat Licata-REALTOR
In Lake of the Woods for July 2018 the statistics are as follows: A total of 22 homes were sold, 20 of them were standard sales and 2 were short sales. 3 homes sold for under $175K, 6 homes sold between $175-250K, and 9 between $250-350K, and 4 were sold that were over $350,000. Additionally, only 1 lot was sold and it was $ 22,000.
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 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: LOW Active Listings. It’s another beautiful day at the lake!
By Pat Licata-REALTOR
In Lake of the Woods for June 2018 the statistics are as follows: A total of 28 homes were sold, all of them were standard sales. 4 homes sold for under $175K, 13 homes sold between $175-250K, and 8 between $250-350K, and 3 were sold that were over $350,000. Additionally, 2 lots were sold and they were priced under $20,000.
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 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: LOW Active Listings. It’s another beautiful day at the lake!
By Pat Licata-REALTOR
In Lake of the Woods for May 2018 the statistics are as follows: A total of 22 homes were sold, all of them were standard sales. No homes sold for under $175K, 11 homes sold between $175-250K, and 9 between $250-350K, and 2 were sold that were over $350,000. Additionally, 4 lots were sold and they were priced under $37,000.
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 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: LOW Active Listings. It’s another beautiful day at the lake!
Cozy home to call your own! New carpet and laminate flooring! Skylights, large windows and french doors provide an abundance of natural light! Fabulous location, just a short walk to Sweetbriar Park and pool or stay home and relax on your own back deck. Enjoy all the lake has to offer; take a dip in the lake, play a round of golf, or take in the dinner at the clubhouse overlooking the lake!
Directions: Rt 3 into Lake of the Woods. R at gate. R on Liberty. L on Yorktown. R on Freedom. R onto Parliament.
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!
By Pat Licata-REALTOR
In Lake of the Woods for April 2018 the statistics are as follows: A total of 18 homes were sold, 17 of them were standard sales and 1 was a short sale. 1 homes sold for under $175K, 4 homes sold between $175-250K, and 9 between $250-350K, and 4 were sold that were over $350,000. Additionally, 8 lots were sold and they were priced under $37,500.
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 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: LOW Active Listings. It’s another beautiful day at the lake!
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-REALTOR
In Lake of the Woods for March 2018 the statistics are as follows: A total of 21 homes were sold, 19 of them were standard sales and 2 were short sales. 3 homes sold for under $175K, 7 sold between $175-250K, and 11 between $250-350K, and none were sold that were over $350,000. Additionally, only 1 lot was sold and it was priced under 20,000.
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 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: LOW Active Listings. It’s another beautiful day at the lake!
By Pat Licata-REALTOR
In Lake of the Woods for February 2018 the statistics are as follows: A total of 11 homes were sold, 10 of them were standard sales and 1 was a bank-owned. 4 homes sold for under $175K, 3 sold between $175-250K, and 2 between $250-350K, and 2 sold for over $350,000. Additionally 3 lots were sold that were priced under 25,000.
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 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: LOW Active Listings. It’s another beautiful day at the lake!
What a fun and exciting way to hunt for Easter eggs this year!
On Saturday, March 31st from 11 am – 2 pm bring your children to a FREE Easter Egg Drop event in Orange, VA.
Location:
Orange Baptist Church Rt. 15 N Property (across rt.15 from Round Hill Inn/CVS)
U.S. 15 N
Orange, VA 22960
There will be 2 different “Drops” for 2 different age ranges. The first drop being at 11:30 AM is designated for children aged 3 – 7 years old and a 12 pm for the 8 – 12 years old.
There is even a special roped off egg hunt area for infants through 2 years old.
WHAT is an Egg drop, anyway?? A helicopter with a bucket of plastic, colorful eggs will fly overhead and unload all the eggs! After the helicopter is out of view the children can begin the hunt for their eggs. The eggs collected are then traded in for a bag full of candy! How sweet!
This event is filled with much more than just the Egg Drop. There will be hayrides, food trucks, a photo booth and of course, Easter-themed games.
There will even be a presentation of the Easter Story!
Don’t forget it’s FREE so bring the whole family to share the joy and experience with!
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!
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!
