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.
Balancing urban conveniences and rural peace can be a rewarding experience as a part of your new life when moving to Virginia. This state offers a unique blend of fast-paced city life and laid-back countryside, with opportunities for both professional growth and personal enjoyment. Adjusting to this balance may require some planning, but with the right approach, you can certainly enjoy the best of both worlds.
Embrace the Best of Both Worlds in Your New Life When Moving to Virginia
Virginia’s unique mix of bustling cities and tranquil countryside gives residents various options. From the historical streets of Richmond to the scenic landscapes of the Shenandoah Valley, each area offers something special. If you want to balance both environments, think about how you can embrace each one without compromising. In addition, you can enjoy the urban amenities of cities like Arlington and Alexandria, which offer dining options, entertainment venues, and a variety of shops within a short distance. In these areas, you’ll find museums, art galleries, and music events regularly happening, giving you endless options for recreation. For those who thrive on outdoor activities, the rural parts of this state offer stunning parks, mountains, and trails. This all can be part of your new life when moving to Virginia.
However, when it comes to actually moving to Virginia and hiring movers, it’s essential that you team up with a trustworthy crew. Relocation can be a complex process, but with the right support, you’ll have more time to enjoy all that Old Dominion has to offer. A reliable team can assist with everything from packing to safely transporting your belongings, allowing you to focus on adjusting to your new environment.
Plan Your Commute Wisely for a Balanced Life
A smooth commute can significantly impact your work-life balance, especially when balancing urban and rural living. Virginia offers a range of commuting options, which can make traveling between cities and countryside locations more manageable.
For starters, choose a central location if you plan to spend equal time in both urban and rural settings. Centralized areas like Fairfax County provide reasonable access to both Washington, D.C. and rural Virginia. You’ll have urban conveniences nearby while still being a short drive from rural getaways. Public transit can also be helpful. The Metro, VRE (Virginia Railway Express), and bus systems serve several Virginia cities and towns, connecting you to both work and recreation. Virginia’s traffic, especially in Northern Virginia, can be heavy during peak hours, so planning your route and timing is wise. Some regions offer express lanes and toll roads that can speed up your commute if you’re willing to pay for convenience. Remote work is another practical option, allowing you to minimize travel while still enjoying the experience and advantages of both city and country life.
Build a Social Network that Spans Both Settings
Building a strong social network can help you feel at home wherever you are in Virginia. Whether you’re drawn to urban events or rural gatherings, establishing connections in both settings will allow you to enjoy a wider range of activities and friendships. First, start by exploring community events in both urban and rural areas. For example, Virginia Beach has numerous city events, festivals, and markets where you can meet people who share your interests. Meanwhile, smaller towns often host fairs, parades, and local gatherings that provide a welcoming atmosphere.
Second, joining social media groups focused on Virginia communities is another way to stay engaged. These groups often post updates on local events, community projects, and more. Additionally, interest-based clubs and activities, like hiking groups in rural parts of the state or art classes in the city, offer easy ways to connect with like-minded individuals. This balance will help you build friendships and a support system that spans both urban and rural areas.
Maintain Flexible Terms of Shopping and Dining
Adjusting to life when moving to Virginia, you may notice that shopping and dining experiences can vary greatly between urban and rural areas. First, metropolitan areas like Arlington and Fairfax have a wide selection of grocery stores, restaurants, and cafes catering to various tastes and preferences. Here, you can try out a range of international cuisines, find specialty food items, and enjoy convenient grocery delivery services. Many urban centers have a strong focus on healthy eating, offering organic produce, farm-to-table options, and trendy restaurants to explore.
Rural Virginia, on the other hand, brings unique offerings like farmers’ markets, where local vendors sell fresh produce, homemade jams, and locally sourced honey. Many small towns also have family-owned diners, roadside stands, and farm stores where you can find fresh, seasonal products. Still, if you live in a rural area with fewer dining options, consider planning your shopping trips and stocking up on essentials.
Prepare for Different Seasons and Lifestyle Activities in Virginia
Virginia’s weather varies considerably throughout the year, and knowing how to prepare for each season can enhance your experience. Summers can be hot and humid, particularly in urban areas where buildings and traffic retain heat. On the other hand, rural locations in the mountains may be a bit cooler. By keeping yourself equipped for different weather conditions, you’ll be ready to enjoy outdoor activities and urban attractions year-round. During the fall, the Blue Ridge Mountains offer breathtaking foliage, and hiking trails attract visitors from across the state. Winters can bring snow, especially in mountainous areas, which can limit some outdoor activities. If you live in rural areas, ensure you’re prepared for winter road conditions, as services may be slower due to fewer plow routes and road crews.
Old Dominion also offers a range of seasonal events in both urban and rural areas. In the spring, look out for festivals celebrating the bloom of cherry blossoms and local wine festivals across the state. Balancing city and country activities in each season can keep your calendar full and give you something to enjoy all year long. The countryside offers excellent hiking, biking, and camping options for outdoor enthusiasts. City dwellers, meanwhile, will find parks and green spaces designed for year-round recreation. You’ll find plenty of ways to stay active, entertained, and connected in both environments.
Moving to Virginia offers a unique opportunity to experience both urban and rural lifestyles in one state. With the right approach, you can fully enjoy the blend of fast-paced city attractions and tranquil countryside escapes. Whether it’s connecting with new friends, adapting your shopping habits, or embracing the changing seasons, balancing life when moving to Virginia can be a rewarding experience. Embrace each aspect of the state and make the most of everything this diverse region has to offer.
Central Virginia is an amazing place to live. Lake of the Woods and Fawn Lake are two amenity-rich communities to consider. Each offers an ideal setting yet is only approximately 1 ½ hours away from the hustle and bustle of Northern Virginia/Washington DC, history-rich Charlottesville, and our state capital Richmond, as well as the Shenandoah Valley and spectacular Skyline Drive. Our location provides access to rivers, the Chesapeake Bay, and gorgeous mountains. And within a three-hour drive, you’ll find Williamsburg and Virginia Beach! We’d love the opportunity to present our area; we are only a phone call away: 540/388-2541.
Escape to this luxurious 5-bedroom, 4.5-bathroom waterfront home, nestled in a tranquil deep-water cove. With a perfect blend of elegance and comfort, this residence promises a life of luxury, breathtaking views, and endless lake fun in a deep water cove. Upon entering, the main level welcomes you with a grand living room, featuring hardwood floors, a cozy fireplace, coffered ceiling, and custom built-ins—all framed by million-dollar lake views. The gourmet kitchen is an entertainer’s dream, complete with a breakfast nook, a breakfast bar for additional seating, and a dining room that opens up to a screened porch, seamlessly extending your entertaining space to the outdoors. The main-level primary bedroom is a private retreat of its own, offering direct access to the deck, a spa-like bathroom perfect for soaking away the day’s stress, and a spacious walk-in closet. Upstairs, you’ll find a versatile loft area perfect for an office or flex room, along with a large storage closet. The second primary bedroom on this level boasts an ensuite bath, a coved ceiling, skylights, and a private balcony with spectacular lake views. Completing the upper level are two additional guest bedrooms and a shared guest bath. The lower level offers a massive family rec room with another fireplace for those cozy nights in, as well as an optional fifth bedroom or home office with outside access. The full bath and enclosed patio provide additional comfort and convenience, while the expansive storage area with built-in shelving keeps everything neatly organized. Outdoor living is where this home truly shines. From the expansive decks to the enclosed patios, every corner of this home is designed to maximize the stunning long views of the lake. Whether you’re enjoying a morning coffee on the balcony, hosting family and friends on the screened porch, or simply taking in the beauty of the deep-water cove, there’s always an opportunity to soak in the serene views. Imagine days spent on the lake—boating, fishing, or swimming—and nights spent entertaining, with the glistening lake as your backdrop. This stunning waterfront retreat truly has it all—a luxury lifestyle, a prime location for fun and relaxation, and views that make every day feel like a getaway. Come experience the best of lake living, all in one place with plenty of room for family and friends. Nestled in a private, secure, gated community, Lake of the Woods is a paradise of possibilities. With two lakes, a golf course, an equestrian center, fire and rescue services, and even a church within its bounds, this community offers a diverse range of activities. From boating, water skiing, kayaking, and golfing to the simple joy of soaking in mesmerizing views from the clubhouse, deck, yard, or beaches, there’s something for everyone. Engage your interests by joining over 60 clubs and organizations, or perhaps indulge in a game of bridge or contribute your talents as a volunteer. Lake of the Woods truly caters to your lifestyle. Located in Orange County, enjoy the added advantage of low real estate taxes. With home prices spanning from $200,000+ to over $2,000,000, Lake of the Woods is the ideal haven for both full-time residents and weekenders. Don’t just take my word for it – come and see for yourself! Allow me to guide you through a tour of Lake of the Woods, showcasing the very essence of what makes this community so special. Experience firsthand the captivating charm of Lake of the Woods!
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.
Larry Wiesen & Karen Wiesen
John Charles McGuire, III & Harmony Lynn McGuire
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.
Welcome to this inviting 2-level ranch-style home in the desirable Lake of the Woods community. As you pull into the driveway, you’ll be greeted by a warm and welcoming atmosphere. Upon entering, you’ll immediately notice the vaulted ceilings, creating an open and airy ambiance. To the right of the foyer, a formal dining room awaits, perfect for hosting gatherings. Straight ahead, the expansive living room, complete with a cozy fireplace, provides a comfortable space for relaxation. The eat-in kitchen offers ample storage and counter space, making meal prep a delight.
This home features a thoughtful split bedroom floor plan, ensuring privacy for the primary suite and guest rooms. The primary bedroom, with its elegant tray ceiling, exudes a sense of spaciousness. The open ensuite bath is designed for relaxation, ready to pamper its new owners. On the opposite side of the home, you’ll find two sizable bedrooms and a full bath to accommodate guests.
Downstairs, the basement presents a blank canvas, with a bath rough-in offering endless possibilities for expansion. Whether you’re looking to create additional living space or an entertainment area, the choice is yours. The finished office in the basement can easily serve as a fourth bedroom, providing flexibility for a growing family.
Situated on a corner lot in the amenity-rich Lake of the Woods, this home combines comfort, style, and potential—all in one package. Don’t miss the chance to make this your own oasis.
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 the heart of the amenity-rich Lake of the Woods community, this exceptional half-acre lot is the canvas for your dream home. Whether you envision a serene everyday retreat or a luxurious vacation escape, this prime location offers unmatched potential. Backing up to historic battlefield grounds, the lot ensures unparalleled privacy and a touch of history right in your backyard. Imagine waking up to the peaceful surroundings, knowing that your dream home is not just a possibility, but a reality waiting to be realized. Ideal for those who seek both tranquility and convenience, this lot is where dreams come true. Nestled in a private, secure, gated community, Lake of the Woods is a paradise of possibilities. With two lakes, a golf course, an equestrian center, fire and rescue services, and even a church within its bounds, this community offers a diverse range of activities. From boating, water skiing, kayaking, and golfing to the simple joy of soaking in mesmerizing views from the clubhouse, deck, yard, or beaches, there’s something for everyone. Engage your interests by joining over 60 clubs and organizations, or perhaps indulge in a game of bridge or contribute your talents as a volunteer. Lake of the Woods truly caters to your lifestyle. Located in Orange County, enjoy the added advantage of low real estate taxes. With home prices spanning from $200,000+ to over $2,000,000, Lake of the Woods is the ideal haven for both full-time residents and weekenders. Don’t just take my word for it – come and see for yourself! Allow me to guide you through a tour of Lake of the Woods, showcasing the very essence of what makes this community so special. Experience firsthand the captivating charm of Lake of the Woods!
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.
