Tag Archives: lake of the woods va real estate

Build in Lake of the Woods! 100 Cavern Ct LOT Offered at $27,500!

Start drawing up the plans for your new build and let’s get this lake life started! Build your dream home here on this fantastic lot located near the back gate and within walking distance to some great fishing! For more information about this listing, Click Here!

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 home owners. 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.

February Open House Extravaganza on Sunday, 2/23 From 12-2PM and 2:30-4:30PM in Lake of the Woods!

Mark your calendars and get ready for a day of excitement, because we’ll be showing off 7 Amazing homes in Lake of the Woods, including our 3 newest listings! We’ll have the first 4 homes shown from 12PM-2PM, and the remaining 3 from 2:30PM-4:30PM. This is a great opportunity to see some of the best available homes that Lake of the Woods has to offer! For more information about each listing, be sure to click on the property names below! See you there!

12:00-2:00 PM:

310 Happy Creek Road, Priced at $419,900

206 Edgemont Lane, Priced at $254,900

404 Wilderness Road, Priced at $433,900

104 Cedar Court, Priced at $274,900

2:30-4:30 PM:

308 Wilderness Road, Priced at $334,900

1010 Eastover Parkway, Priced at $379,900

111 Fairway Drive, Priced at $279,900

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 home owners. 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.

market stats 2019

The LOWdown on Real Estate at the Lake 2019 By Pat Licata

The continued inventory shortage experienced by most regions of the country was evident in Lake of the Woods again in 2019. Listings increased only 6.4%, from 373 in 2018 to 397 in 2019, while closed sales were up 28.6%. New construction accounted for 30 of the 301 sales. The median sold price increased a healthy 8% year over year from $249,900 to $270,000.

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Of the 301 total sales reported in 2019, only 5, or 1 1/2%, 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.

So let’s look at our steady growth over the past five years:

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In 2015, there were 247 sales, with 15% being distressed. Those total sales represented almost a 30% gain over 2014, and the median sales price was $210,000.  

In 2016, the market was quite 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 $225,000, a healthy 7.1% increase.

In 2017, there were 294 total sales, a whopping 21.1% increase over 2016 with only 5.8% being distressed. The median sales price climbed to $239,000.

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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 127 in 2015 to 57 in 2019.

It’s also telling to note that a significant number of lots have sold in the past five years.  From January 1, 2015-Decemeber 31, 2019, 184 lots exchanged, with 41 occurring in 2019, down from 55 in 2018. There simply aren’t that many lots left in LOW.

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New construction has been climbing, as well. 2015 realized 41 new construction starts; in 2016, there were 28; in 2017, there were 30; in 2018, there were 34; and in 2019, there were 48.

In 2020, according to Freddie Mac and the Mortgage Bankers Association, mortgage rates are expected to stay within the 3.7-3.9% range.

The prognosis for 2020, as it was in 2019, is excellent! In LOW, there are 57 homes active on the market as of 1/14/2020. In January of 2018, there were 62. Low, stable rates and hopefully more inventory should propel us to experience healthy sales and appreciation.

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 home owners. 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.

Open House on Saturday, February 1st From 1PM – 3PM!

Don’t miss this opportunity to see our newest listing! We’re gonna be showing off this gorgeous home in Lake of the Woods on Saturday, 2/1 from 1PM – 3PM! For more pictures and information, be sure to click on the address below!

503 Yorktown Blvd, Priced at $259,900

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 home owners. 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.

Build Your Dream Home in Lake of the Woods! 120 Lakeview Pkwy LOT Now UNDER CONTRACT in Lake of the Woods, VA 22508

Have you always dreamed of living at the lake? Well look no further! Start drawing up the plans for your new build, and let’s get this lake life started! Location close to the front gate and a short walk to the Clubhouse, beach, pool, and fitness center can’t be beat! You’ll love seeing the spectacular Independence Day fireworks and parade from your property!

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 $100,000 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 home owners. 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.

Gorgeous Waterfront Home in Lake of the Woods! 310 Happy Creek Rd Offered at $419,900!

Let’s get this lake life started! You’ll fall in love with this move-in ready cabin offering living areas on two levels and boasting an almost half-acre lot situated in a quiet cove with great main lake views. Mornings will be welcomed as you start your day sipping your morning brew on the screened porch overlooking the beautiful main lake. Hopping in your kayak for a stroll around the lake or fishing from the dock are perfect ways to begin enjoying the lake. The open floor plan, awesome mid-century fireplace, screened porch, expansive deck spanning the width of the house, huge shed, and hot tub make this your perfect perfect full time or vacation residence! Situated far off the street, the long private driveway provides plenty of parking. You’ll be able to enjoy it all immediately, as interior and exterior painting, roof, gutters, and trex dock are all less than three years old, the HVAC is newer, and some furniture is available for sale!

Located in a private, gated, 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, waterskiing, 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-$100,000 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 home owners. 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.

Open House Extravaganza On Sunday, 1/26 from 12PM-2PM & 2:30PM-4:30 PM in Lake of the Woods!!

Mark your calenders and get ready for an eventful day, because we’ll be showing off 9 Amazing homes in Lake of the Woods! We’ll have the first 5 homes shown from 12PM-2PM, and the remaining 4 from 2:30PM-4:30PM. What better way to kick of the new decade than seeing all that Lake of the Woods has to offer! For more information about each listing, be sure to click on the property names below! See you there!

12PM-2PM:

507 Cornwallis Ave, Priced at $239,900

206 Edgemont Ln, Priced at $274,900

404 Wilderness Dr, Priced at $434,900

333 Yorktown Blvd, Priced at $269,900

812 Eastover Pkwy, Priced at $339,900

2:30PM-4:30PM

111 Boxwood Trail, Priced at $649,900

119 Monticello Cir, Priced at $324,999

310 Happy Creek Rd, Priced at $434,900

308 Wilderness Dr, Priced at $334,900

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 home owners. 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.

Updated Home in Lake of the Woods with New Flooring throughout! 211 Yorktown Blvd Now SOLD!!!

Whether you’re looking for a vacation home in a lake community with amenities galore or a full-time residence, you’ll immediately fall in love with this updated rambler in amenity filled Lake of the Woods. This charming home features laminate flooring throughout, and the interior was recently painted with neutral colors. Newly updated kitchen with granite counter tops and stainless steel appliances are sure to please the most discerning chef. For more information about this listing, Click Here!

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 home owners. 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.

Beautiful Brick Home with Bonus Room in Lake of the Woods, VA! 333 Yorktown Blvd Offered at $269,900!

The circular drive welcomes you to this well built, freshly painted and newly carpeted brick front rambler located near the main gate of amenity-rich Lake of the Woods. You’ll love the expansive room sizes, sunroom, and wood stove located in the cozy family room off of the kitchen! There’s even a bonus room off of master perfect for an office or craft room! The deck is accessible from the family room and sun room and leads to a level yard perfect for outdoor relaxing. For more information about this property, be sure to Click Here!

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 home owners. 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.

Beautiful Home with Bonus Room! 206 Edgemont Lane in Lake of the Woods, VA Now UNDER CONTRACT!!

If you are seeking privacy, outdoor spaces, and a huge “bonus” room with full bath for man-caving, quilting, crafting, or as a teenage hangout, you’ll fall in love with one level living at 206 Edgemont Lane! Backing to Wilderness Battlefield National Park on a cul-de-sac and taking full advantage of this lot’s setting, coffee on the deck watching the deer roam through the woods can be your morning ritual. And there’s more: covered breezeway from the home to the bonus room above garage offering an expansive space for relaxing out of the sun, gazebo with another deck, and covered as well as secure storage, and oversized garage. For more information about this listing, be sure to Click Here!

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 home owners. 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.