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!
Janice Johnston REALTOR visits local business: Divine Nails & Spa here in Locust Grove Virginia where many local Lake of the Woods residents go for nails and spa services! Watch the videos below to see what all they have to offer their current and future clients.
Divine Nails & Salon’s VERY First Customers
Janice Johnston interviews Thu of Divine Nails & Salon
Janice Johnston enjoying her spa day at Divine Nails & Salon
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, 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 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!
By Pat Licata-REALTOR
In Lake of the Woods for January 2018 the statistics are as follows: A total of 10 homes were sold, 9 of them were standard sales and 1 was a foreclosure. No homes sold for under $175K, 5 sold between $175-250K, and 2 between $250-350K, and 3 sold for over $350,000. Additionally 5 lots were sold that ranged from $19,900 to $36,375.00.
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!
Licata Group is dedicated to giving back to the community we serve. We have multiple organizations that we support and make donations too. We offer and fund a $2,500 scholarship to Orange County Public Schools in Virginia to help seniors graduating from Orange County high schools continue their education to a trade-school or college.
Keller Williams, has “RED DAY” in which we participate here at the Licata Group office each year in May. We accept non-perishable donations which we donate to the Wilderness Food Pantry along with pet items to donate to the Orange County Animal Shelter.
The administrative team along with our agents, volunteer or will be volunteering, with local agencies that continue to support the local community and children. Some agencies we volunteer for and support include: Childhelp, Fredericksburg Area Food Bank, LOW Lions Club, LOW Fire & Rescue, Healthy Kids Running Series and most notable to Lake of the Woods: Music on the Point.
We are proud to be more than just a real estate company!
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 our site!
By Pat Licata-REALTOR
In Lake of the Woods for December the statistics are as follows: A total of 19 homes were sold, 17 were standard sales and 1 was a short sale and 1 was a foreclosure. 3 sold for under $175K, 9 between $175-250K, and 5 between $250-350K , and 2 sold for over $350,000.. Additionally 4 lots were sold for 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!
Are you thinking of buying or selling???
Allow Pat Licata to achieve your desired results!
Lake of the Woods Market Stats:
(Through April 10th, 2017 as report in MRIS) 76 Active 52 Under Contract and 53 sold Since 1/1/2017.
Call top realtor Pat Licata today and see what she can do for you!
Each person has their own individual idea of what their “Dream Home” really is. What is yours?
We want to help you find your dream home! Let us help you!
We have 3 buyers agent in our office: John Licata, Janice Johnston and Mary Maurer.
They are happy to help all clients, but most importantly we want to make sure you are satisfied.
Whether you’re looking in Fredericksburg, Spotsylvania, Lake of the Woods/Locust Grove, all the way to Culpeper, we can help.
Give us a call at 540-388-2541 to talk to an agent about finding your dream home today!
By Pat Licata-REALTOR
In Lake of the Woods in July, a total of 27 homes were sold. 24 were standard sale, of which one sold under $100K, two sold between $100-$175K, ten between $175-250K, five between $250-350K, and four between $350-500K and two over $500K. There were a total of three distressed sales (foreclosures or short sales), one between $100-175K, one between $175-250K, and one between $250-350K. Two lots also sold, priced under $10,000.
Here’s a link to real estate currently for sale in Lake of the Woods: LOW active listings It’s another beautiful day at the lake!
