market stats lake of the woods virginia 22508

October 2021 Lake of the Woods Monthly Statistics

In October, 33 homes SOLD in Lake of the Woods.


0 sold between $130-199,999;
2 sold between $200-249,999;
7 sold between $250,000-299,999;
10 sold between $300-349,999;
6 sold between $350,000-399,999;
3 sold between $400-499,999;
3 sold between $500,000-$900,000;
2 sold over $1,000,000! See them here: 132 Birchside Cir and 129 Green Spring Rd!

29 Active/Coming Soon Listings for Sale
31 Homes Under Contract
312 Homes Sold since January 1, 2021.

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 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, 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

Here’s Why You Shouldn’t Wait Any Longer to Invest in Real Estate

Key Takeaways:

  • Even as home prices continue to climb, there’s never been a better time to get your foot in the door when it comes to real estate investing.
  • You don’t need a lot of money to diversify your portfolio—in fact, you have more options than you might think!
  • Whether you’re an experienced investor or a first-timer, you’ll want to work with the right agent to score a great deal.

What Buyers Need to Know About Real Estate Investing

Even if you haven’t bought or sold a house this year, you’ve probably heard wild predictions and statistics about the real estate market. As prices keep skyrocketing, would-be and experienced investors alike are wondering if now is the right time to add to their portfolios. Believe it or not, now might be a once-in-a-lifetime opportunity to purchase an income-generating property—and there are countless options from which to choose.

Still on the fence? Here are a few quick tips and tricks you need to know before investing in real estate.

Real estate investment isn’t only for the rich

Despite what popular shows on HGTV might tell you, real estate investing is something anyone can accomplish with careful planning and saving. You don’t even need any experience to get started—but having the help of a real estate agent will make all the difference.

Start by working with an agent who knows your local investment market. Based on your budget and goals, they’ll help you select a property that meets your needs and offers a high return on investment. Don’t just limit yourself to fixer-uppers—it’s worth considering land, single- or multi-family homes and condos, office space, or warehouses, too.

With a little sweat equity, you can easily turn any investment into an income-generating property that will help you pay off your mortgage. The easiest way to do this involves renting your property out to tenants. Over the last decade, the average rent has increased by more than 30%—so if you plan on keeping your property for a long time, you’ll be able to turn an impressive profit while building equity.

Mortgage rates remain low

Approved mortgage application

One of the biggest mistakes that any investor can make is trying to time the market. While it may seem tempting to wait until a recession for prices to decrease, it’s impossible to predict how the market will fluctuate over time. And even as prices continue rising, you’ll want to factor low mortgage rates into the equation.

Lower mortgage rates make real estate investing more affordable. As of November 2021, the average 30-year fixed mortgage rate hovers around 3.4%, which is roughly a full percentage point lower than it was in 2018. Let’s put that into perspective—if you purchase a $400,000 property with a 20% down payment, you’d pay around $1,419 per month. But if you bought the same asset with a 4.4% rate, that monthly payment would skyrocket by more than $200, which adds up over time.

First-timers can start small

First-time real estate investors

Even if you aren’t a current homeowner, real estate investing isn’t out of your reach. Some smart investors actually use their primary residence to generate extra money on the side. Once you establish a cash flow, you can start saving up for an even bigger investment down the line.

Wondering how you can start investing in real estate without a lot of capital? Real estate investment trusts (REITs) let you pool your money together with other investors and earn dividends, so you won’t have to buy or manage your own property. Many millennials have even tried “house hacking,” which involves buying a home and renting out rooms to offset a mortgage. And for an even simpler way to invest, consider land—some plots are available for just a few thousand dollars, and they’ll likely increase in value over time.

Work with Real Estate Investment Experts

Even if you already have a few assets under your belt, now is the time to diversify your investment portfolio! We have ample experience helping investors just like you, and we’d love to help you find an income-generating property that checks all the boxes.

Need to sell an investment property? We can certainly help with that, too!

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 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, 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.

104 Parliament St, Lake of the Woods Virginia 22508

104 Parliament St, Lake of the Woods, Virginia 22508 Offered for Sale at $74,900 by the Licata Group EXP Realty!

Imagine your dream home here! This fantastic level wooded lot located less than a block from Sweetbriar Park, pool, and Community Center is sure to please! There are only a few lots left in the amenity-rich Lake of the Woods which offers so many choices: play golf, jump in the lake, swim at the pool, work out at the fitness center, or dine at the clubhouse overlooking the pristine lake; the choice is yours.

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 the high-$200,000s 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 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, 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.

a suburban neighborhood

The Differences between City, Suburban, and Rural Living

Every person in the world has a different opinion when it comes to urban and countryside lifestyles. Some would never give up the city amenities, no matter the financial burden and health threats that kind of life imposes. Others who experienced country life say that getting away from the city where you wake up to the sound of birds instead of traffic noise has no price. Still, there is a third option for those who are a part of both of these worlds – the suburbs. Each of these has many benefits and some downsides. Knowing the differences between city, suburban, and rural living can help you find where you belong if you’re starting to reconsider your living conditions.

Life in rural areas

Life in the countryside is a dream come true for anyone who wants to get rid of stress and anxiety induced by big-city survival. Rural living includes life in the open, spread-out areas and small communities. There is a lot of undeveloped lands, usually surrounded by magnificent nature.

This lifestyle is a choice of people who enjoy close-knit communities, where everyone knows each other. You get to enjoy the vast space, lovely views, healing nature. This is the perfect choice for people in search of more sustainable ways of living. With a bit of gardening and farming skills, you can provide for yourself and your family and perhaps even start a small business. In addition, the peace, quiet and clean air makes it perfect for those working remotely.

Since Virginia offers majestic nature, many young families and retirees decide to move to local counties. Besides the obvious health benefits of clean air and a stress-free environment, they provide a lower cost of living and much more affordable housing.

Countryside in Virginia
Magnificent woods, lakes, rivers, and trails could be at your disposal if you move to the countryside.

The downsides of living in the countryside

Even though countryside residents have many health and financial benefits, there are some downsides. One of them is the commute issue. If you don’t work close to your home, you’ll need to drive to work in the city. Even though some rural areas such as Orange County are less than 30 miles from Charlottesville, which makes the commute to work bearable, not all places have the same luck.

In addition, local shops and amenities can be found only in the strict village center. Thus, you will need to stock up on food and supplies to avoid driving to town anytime you need something. That means that families usually need more than one car to get around. Also, with fewer amenities, you have fewer available services. Not being used to this occurrence can be hard if you’ve moved from the city to the countryside. However, living in rural areas makes you resilient and craftier. After you get used to such living, you’ll eliminate the need for many things.

Suburban life

There are clear differences between city, suburban, and rural living, including housing costs, development patterns, and population numbers. However, the difference between suburban and city lifestyles was never clearly defined. Finding the perfect home in a suburb is a choice of many growing families, young professionals, and retirees searching for a slower pace and more affordable cost of living. The benefits of such a lifestyle are many since you get to live peacefully and more comfortably. Plus, the commute to work isn’t as daunting as when you live in the countryside.

A house in a suburban neighborhood
Suburban lifestyle, no matter how convenient, may often lack green surfaces and have nearly the same living costs as the city does.

The good and bad side of being “in-between”

Life in the suburbs is different from city life due to a slower pace and more affordable housing. Still, a suburb is considered a subset of the city. There is no official definition for it. It’s not a central part of the city, nor is it a town of its own. Some suburbs share some country-like living amenities, but still, they are not the countryside either. The cost of living is very similar to that in cities, and since cities are constantly growing and expanding, places around them are often modified with new buildings construction.

It’s safe to say that cities are slowly swallowing the suburbs, making them closer to the core. This is a good and a bad thing since you will be a homeowner in a competitive market. Still, everything you were trying to avoid while living in the city will eventually catch up with you. However, if you’ve tasted the suburban life and you need more action, maybe the city is something worth considering. Since most moving companies provide their services to wider areas, a transfer to the city from the suburbs is not something you should worry about.

City lifestyle

Needless to say that cities are the centers of happenings. They are densely populated hubs of industries, cultures, and politics. There is no better place for work opportunities, education, social and cultural life, and thousands of other amenities. Often you will hear that cities have a life of their own, that they never sleep, and that is true. They are the places where everything is happening, where progress takes place and dreams come true. Still, achieving those dreams is not always easy.

Busy streets of Richmond, VA
One of the perks of living in the city is the fact that you can get almost everywhere on foot.

Life in the city takes its toll

Even though life in the city can give a lot, it takes the same. To sustain in such an environment, you have to work very hard and overburden yourself with life’s many stressful factors. Daily traffic jams, rush, ever-emerging bills, limited living space, polluted air, lack of green surfaces, high costs of living, and many other small things add up to a substantial overwhelming worry. For example, for the price of a tiny apartment in NYC, you can get two beautiful homes in the countryside. This change can help you get the home of your dreams and a passive income. Even with the recent fluctuations in the housing markets worldwide, investing in real estate is always a great idea.

City life eats your money, and you can never earn as much as you can spend. No wonder if you feel a sudden rush to run away from it all. You don’t have to make a radical change and move to the countryside, but you can try living in the suburbs for a while. Even though the moving process takes a lot of time and preparation, you can still get everything ready in 7 days if you develop a good strategy.

Conclusion

Leaving the city would certainly make you healthier. However, that doesn’t necessarily mean you’d be happier. Country life is not for everyone – you have to be ready for it. The urge to get away is becoming more frequent with young Newyorkers who are moving to the countryside looking for sustainable ways of living. Others, however, find it hard to let go of all the city amenities. In addition, for some, the move is a financial necessity or comes with age. Still, it’s essential to know your options when the time comes to change directions. Whether you decide to focus on your career, family, or eco-friendly lifestyle, understanding the differences between city, suburban, and rural living can help you turn your life around.

Meta description: When looking for new living conditions knowing the differences between city, suburban, and rural living can help you turn your life around.

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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 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, 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.

official white house 2021 Christmas ornament

The Official 2021 White House Christmas Ornament is at Lake of the Woods, Virginia!

If you’re interested in purchasing the Official 2021 White House Christmas Ornament, look no further than the Lioness Lions Club right here in Lake of the Woods, Virginia.

This beautiful ornament is only $22 each. To purchase, or for more information, please contact Darcy Jennings at 703-772-2080 or Kathy Merritt at 540-538-6605.

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 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, 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.

612 mt pleasant dr, lake of the woods virginia 22508

612 Mt Pleasant Dr, Lake of the Woods, Virginia 22508 UNDER CONTRACT by the Licata Group Exp Realty!

Welcome to 612 Mt Pleasant Drive! This beautifully renovated cottage is nestled in the trees of amenity-rich Lake of the Woods. Once inside, you will be in awe of the fine finishes and attention to detail. The open floor plan, skylights and the amazing use of space just add to the wow factor you feel when you walk in. The covered deck is perfect for relaxing or entertaining as well as sitting on the front porch with your favorite book just taking everything in. The oversized two-car garage is 24 x 24 and is big enough for all your toys, cars and has room for the perfect workshop.

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 $250,000+ 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 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, 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.

Lake of the Woods golf club

Night Golf, Sing & Be ScArY!

This event is scheduled to take place Friday, October 29th at 7pm. Hosted by Kim & Friends, they encourage you to join the Lake of the Woods Golf Club as they offer a 6-hole night golf tourney with prizes and even Scaraoke!

Costumes are optional but encouraged! The cost will be $15 per person. Please call the Golf Shop at 540-972-2230 for additional information!

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 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, 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.

Orange County Children's Toy Box Drive

Orange County’s Children’s Toy Box Drive

Beginning November 4th through Friday, December 3rd the LOW Lioness Lions Club and Ryan Richardson, Manager of the Lake of the Woods Clubhouse have coordinated collections for Orange County.

What does this mean? Between November 4th and December 3rd, you can drop off and donate NEW, UNWRAPPED TOYS at any of the following locations:

-Our Licata Group Office (36111 Goodwin Dr, Locust Grove – located between AT&T and CVS in the Food Lion shopping center across from the LOW Front Gate) Monday – Friday 9AM – 5PM

-LOW CLUBHOUSE & FAREWAYS CAFE

-LOW LIONS VELONA BUILDING (Saturdays, 9am to 11:30am)

-Coldwell Banker Elite (across from LOW Front Entrance)

Monetary donations will be accepted, please make checks payable to:
Orange County Children’s Toy Box
PO BOX 1117,
Orange VA 22960-0659

Or you may donate online at: occtoybox.org

All donated toys will remain in Orange County and will be given to children in OUR area!

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 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, 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.

Lake of the Woods Association Committee Fair Coming Soon!

Save the date for November 20th from 1 pm – 4 pm at the LOW Clubhouse.

There will be 21 committee booths set up for community residents to visit and learn about the different opportunities available for them to volunteer to serve as a member, alternate, or advisor! Do you know all 21 of the different committees available for residents to join and how you can participate? It’s a perfect time to connect with other community residents and meet current and former committee members.

There will be door prizes given out, free punch and cookies for guests, and a cash bar held in the members’ lounge.

From the Board of Boating Examiners to Communications and External Affairs, there’s a little of everything for everyone. Including and certainly not limited to Pickleball/Tennis, Planning Committee, Safety, and Security, these are only a handful of the 21 different committees to join. Come out Saturday, November 20th to the LOWA Committee Fair to see what interests you!

Lake of the Woods committee fair opportunity
Lake of the Woods committee fair opportunity

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 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, 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.

3115 Lakeview Pkwy, WATERFRONT LOT for Sale Lake of the Woods Virginia 22508

3115 Lakeview Pkwy, WATERFRONT LOT, Lake of the Woods Virginia 22508 now UNDER CONTRACT!

Imagine the memories you’ll make! Spectacular sunsets from the perfect lake home or dock designed by you and built for you are just the beginning! This deep, incredibly beautiful main lake wooded lot offers 64 feet of sensational, clean and clear water frontage that is the perfect backdrop for your new lake home! Whether you enjoy your day on the boat, kayak, jet ski, simply swimming or floating from your dock, or entertaining family and friends, this lot provides the ideal setting for your dream home. So let’s get this lake home and lake life started! Situated on the main lake, you’ll love the lifestyle! If you also enjoy history and/or hiking, your new home will be across the street from the Wilderness Battlefield walking trials for easy access.

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 the mid-$100,000s 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 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, 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.