Are you holding back from making a move because of your current mortgage rate? You’re not alone. Many homeowners are sitting on historically low interest rates and worrying they’ll lose too much if they sell. But the truth is—waiting could cost you more than you think.
Reasons to Move Despite the Higher Rate:
Life Happens—And Life Comes First Job changes, growing families, downsizing, needing to be closer to loved ones—life doesn’t pause for the market. If your current home no longer fits your needs, the right time to move is now.
Home Equity Is at an All-Time High Many homeowners have built significant equity. That equity can offset a higher rate, reduce your loan amount, or even let you buy with cash in some cases.
You Can Always Refinance Later Interest rates fluctuate. Buying now may get you into the right home, and if rates drop later, you can refinance and bring your payment back down. If you purchased homeowner’s title insurance, you could get a big discount on closing costs the second time around.
Today’s Prices Could Be Tomorrow’s Deals Waiting may not save you money. Home prices are still climbing in many areas. If the market shifts and rates stay high or go higher, affordability gets worse.
Renting or Staying Could Cost You More Emotionally and Financially Settling for less than what you need in a home can take a toll. Comfort, functionality, location—all of it matters. Your quality of life is worth investing in.
Every situation is unique, and that’s why we’re here. If you’ve been wondering whether now is the right time to move, let’s talk. The Licata Group is ready to walk you through your options and help you make the best decision for your future.
Whether you’re looking for homes for sale in Lake of the Woods, VA, or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
A must-see home offered at a competitive price! Stylishly Remodeled & Just Steps from Cornwallis Beach! Welcome to this beautifully remodeled 3-bedroom, 3-bath split-level home, offering just over 1,700 square feet of modern, comfortable living space. Ideally situated on a spacious corner lot, you’re only a short walk from the peaceful Cornwallis Beach. Step inside to discover brand-new ¾ inch birch-hardwood, flooring throughout the main floor living space and a stunning, fully renovated kitchen featuring quartz countertops, newly installed custom cabinets with ample storage, and all-new stainless steel appliances. Each bathroom has been completely updated with life-proof LVP flooring and stylish finishes, giving the home a fresh, contemporary feel. The lower level also has life-proof LVP flooring as well and is the ultimate entertainment space—perfect as a game room, cozy den, or movie night retreat. Whether you’re hosting friends or enjoying a quiet evening in, this area adapts to your lifestyle. Enjoy the outdoors from your expansive back deck that runs the length of the home, or take advantage of the 2-car garage for added convenience. This move-in ready home offers comfort, style, and a fantastic location—don’t miss out!
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
0 sold below $250,000.00 2 sold between $250,000-299,999; 2 sold between $300,000-349,999; 5 sold between $350,000-399,999; 6 sold between $400,000-499,999; 2 sold between $500,000-$999,999(+)
44 Active/Coming Soon Listings for Sale 26 Homes Under Contract 41 Homes Sold since January 1, 2025
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
Nestled in a serene cul-de-sac, this stunning 4-bedroom, 2.5-bathroom home offers the perfect blend of warmth, sophistication, and functionality. With 1,841 sq. ft. of beautifully finished living space, a two-car garage, and a thoughtfully designed floor plan, this home is made for both quiet moments and grand gatherings.
From the moment you step onto the inviting front porch, you’ll feel the charm of this home wrap around you. The welcoming foyer draws you into a great room bathed in natural light, with two-story windows and a breathtaking floor-to-ceiling gas fireplace—a space that’s perfect for cozy winter nights or sunlit afternoons spent with family.
The heart of the home, the recently updated kitchen, is a dream for any cook, featuring granite countertops, brand-new cabinetry, sleek appliances, and a stylish glass tile backsplash.
The main-level primary bedroom is a spacious yet cozy retreat, complete with an updated en-suite bathroom. Whether you’re unwinding after a long day or simply enjoying a moment of solitude, this space is designed for relaxation. A conveniently located laundry room on the main level ensures ease and practicality in daily living.
Upstairs, three additional bedrooms and a fully updated bathroom create the perfect setup for family, guests, or even a home office. Each room is thoughtfully designed, offering comfort and natural light.
Step outside onto the expansive deck, seamlessly connected to an attached patio, creating an outdoor haven perfect for weekend barbecues, evening fireside chats, or stargazing on quiet nights. The large, private yard, backing to trees, offers a peaceful retreat for kids to play, pets to roam, or garden enthusiasts to bring their vision to life.
With extra parking to the right of the home, there’s ample space for your boat, trailer, or RV—making this home ideal for those who love adventure as much as they love comfort.
This home is more than just a place to live—it’s a space to create memories that last a lifetime. From holiday gatherings by the fireplace to summer cookouts on the patio, every corner invites warmth, joy, and the promise of something special.
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
Nestled within the prestigious 55+ gated community of Regency at Chancellorsville, this meticulously maintained two-bedroom, two-bathroom home offers a seamless blend of elegance and comfort. From the moment you step onto the inviting front porch, you are welcomed into a space where every detail has been thoughtfully curated to provide luxury and convenience. Upon entry, the stunning hardwood floors immediately captivate, extending throughout the main living areas. The entire length of the home has exquisite crown molding, wainscoting, and plantation shutters on every window with pleated pull-down shades, setting the tone for elegant finishes that flow seamlessly throughout the home. Tall ceilings and abundant natural light create an ambiance that is both cozy and airy, enhancing the open-concept design. The living room is the heart of the home, featuring a charming gas fireplace, perfect for intimate evenings or entertaining guests. Adjacent to it, the formal dining room with its beautiful columns is ideally situated between the living area and the beautifully updated kitchen with its own coffee station creating an effortless flow for hosting. The kitchen is a chef’s delight, boasting granite countertops, stainless steel appliances, a double oven, and ample cabinet space. A center island to hold all your pots & pans. Recessed lighting, and a convenient double-door pantry. Beyond the kitchen, the large sunroom offers a tranquil retreat with a cathedral ceiling, triple crown molding, and direct access to the patio enhanced by a pergola. Large Premium lot backing up to Civil War grounds—the perfect space to enjoy morning coffee or unwind with a book. The primary ensuite is a true sanctuary, featuring a beautiful tray ceiling, plush carpeting, and large double walk-in closets for ample storage. A grand bathroom with tile floors, an oversized walk-in shower with a seat, and a double 90” vanity. For convenience, the laundry room is located nearby with cabinetry that goes to the ceiling, with pull-out shelves. A spacious guest bedroom and stylish guest bath, a beautifully tiled shower, and granite countertops, provide a welcoming space for visitors. Oh let’s not forget the new roof & siding installed in 2024 Living in Regency at Chancellorsville means access to world-class amenities, including indoor and outdoor swimming pools, an elegant clubhouse, a fitness center, bocce ball, a library, walking trails, and more. Conveniently located just minutes from shopping, I-95, and medical facilities, this home is the perfect blend of luxury, comfort, and community. Don’t miss your chance to experience this exceptional home!
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
The continued inventory shortage experienced by most regions of the country was clearly evident in Lake of the Woods again in 2024. This inventory shortage, rising interest rates, and inflation concerns beginning in the second half of 2022 definitely continued to define the 2024 real estate market. Closed sales decreased approximately 10.5% from 220 to 197. As a matter of fact, the number of closed sales has steadily declined since 2022. New construction accounted for 19 of 197 sales, and the median sold price increased 4.1% year over year from $401,500 to $418,000 in 2024
Now let’s look at the past five years:
in 2020, we realized a 4% gain in home sales over 2019, with a total of 313 sales. 2021 showed a gain in sales at 358, and the median sold price increased almost 16% to $337,500, up from $291,250 in 2020. Then came the mixed bag 2022 market: closed sales fell by more than 24%, while the median sold price rose by 11.39%. 2023 also showed an almost 19% decline in closed sales at 220, yet the median sold price continued to rise, ending the year at $401,500, a 6.8% increase over 2022. In 2024, the decline in closed sales continued with a 10.45% drop from 220 in 2023 to 197, while the increase in median sold price continued, showing a gain of 4.11% from $401,500 to $418,000.
Average days on the market ( DOM ), the number of days it takes from the time a property is listed until it goes under contract had decreased from 37 in 2020 to 16 in 2021…yet in 2022, it rose to 23, showing more evidence of changing market. 2023 showed another rise to 32, where it remained in 2024.
It’s also telling to note that a significant number of lots have sold in the past five years. From January 1, 2020, through December 31, 2023, a total of 140 lots were sold, 49 in 2020, 24 in 2021, and only 13 in both 2022 and 2023, while 2024 showed 22 lots selling. There simply are very few lots left in LOW.
Of the MLS sales reported in 2020-2024, new construction numbers have varied. 2020 realized 41 sales, 2021 ended at 37, and 2022 saw new construction sales dip to only 13, rising to 37 in 2023, and ending 2024 dropping to 19. There aren’t many lots left in LOW, which of course will impact new construction sales in the future.
Another notable statistic is the rise in the average sold price to original list price ratio from 2020-2021. 2022 showed a slight decrease to 100.3%, followed by another decrease in 2023 to 98% and finally a 1.15% increase to 99.1% in 2024
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
55 Chase Lane, Bumpass, VA. 23024, Offered at $449,000
2.5 Acres of county living
Nestled on 2.5 acres of pristine, usable land, this 1868 sq. ft. home is the perfect blend of comfort, style, and functionality. From the moment you approach the property, the charm is undeniable. The horse fencing framing the boundaries and the electric gate provides both elegance and security. A detached, oversized two-car garage adds practicality, while a separate fenced-in backyard creates an ideal space for pets, play, or gardening.
The wraparound deck is a standout feature, inviting you to host unforgettable gatherings or simply enjoy peaceful mornings in the fresh country air.
Step inside to discover an expansive living room with multiple access points, gleaming hardwood floors, and a cozy gas fireplace that adds warmth and charm to the space. The home boasts a traditional two-story floor plan, thoughtfully designed to cater to every need.
The kitchen is a chef’s dream, offering ample storage, generous counter space, and sleek black stainless steel appliances. Adjacent to the kitchen, the dining room exudes elegance, with a large bow window that floods the space with natural light and crown molding with chair rail accents that add a refined touch.
Retreat to the main-level primary bedroom, a cozy yet spacious haven complete with an ensuite bath designed for convenience and comfort, featuring double vanities and thoughtful amenities. A half bath and a laundry room with washer-dryer hookups complete the main floor, ensuring practicality for both daily living and hosting guests.
The upper level offers privacy and charm with two expansive guest bedrooms, a full bath, and a hidden nook—a perfect spot for a reading corner, workspace, or play area.
This home is priced to sell and brimming with features and upgrades that will delight buyers looking for a peaceful retreat with modern comforts. Schedule your showing today—this gem won’t be on the market for long!
Check out the Floor Plan
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
In December, 12 homes were SOLD in Lake of the Woods.
0 sold below $250,000.00 1 sold between $250,000-299,999; 1 sold between $300,000-349,999; 4 sold between $350,000-399,999; 2 sold between $400,000-499,999; 4 sold between $500,000-$999,999(+)
33 Active/Coming Soon Listings for Sale 9 Homes Under Contract 197 Homes Sold since January 1, 2024
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
Discover the possibilities with this 3-bedroom, 1-bath home offering approximately 1,300 square feet of living space. Nestled on nearly 4 acres of serene land, this property comes with two additional buildings, making it perfect for anyone looking to create their dream homestead or invest in a rewarding renovation project.
This home features three bedrooms and one bath with a classic layout ready for customization. With approximately 1,300 square feet of living space, there’s plenty of room to design a comfortable and inviting home. The nearly 4-acre lot offers privacy, nature, and space for outdoor activities. Two additional buildings provide potential for workshops, storage, or creative studios.
This home is waiting for someone with a vision to restore it to its original charm. Whether you’re an investor, a handy homeowner, or someone looking for a project, this property holds endless potential.
Can this be you? Embrace the opportunity to bring this fixer-upper back to life and create something truly special!
Schedule a showing today and let your imagination run wild!
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
Licata Group would like to extend a warm welcome to all the new homeowners! We often have really fun events hosted throughout the year, do frequent giveaways (think lotto scratchers, pies, FredNats tickets, just to name a few!), and also provide real estate market updates as well as local upcoming community events. We would like to take this opportunity to invite you to join our newsletter so you can never be without it! Sign up here. Or call our office at 540-388-2541.
Barbara Brown
Cassandra Knighton
Christian Rumery
Madison Donahue
Maryann Bailey
William & Fathemah Hovell
Justine Barr
Leah York
Linda & Don Archuleta
Pamela Gillespie
Whether you’re looking for homes for sale in Lake of the Woods VA or 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 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 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 contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.
