The continued inventory shortage experienced by most regions of the country was clearly evident in Lake of the Woods again in 2023. This inventory shortage, along with rising interest rates and inflation concerns beginning in the second half of 2022, definitely defined the 2023 real estate market. Closed sales decreased approximately 19% from 271 to 220. New construction accounted for 24 of the 220 sales, and the median sold price increased 6.8% year over year from $375,950 to $401,500 in 2023.
Now let’s look at the past five years:
In 2019, 301 homes sold, which was a 28.63% increase over 2018, and the median sales price rose to $270,000. 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. And 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.
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 steadily decreased from 57 in 2019 to 16 in 2021…yet in 2022, it rose to 23, showing more evidence of a changing market. 2023 showed another rise to 32.
It’s also telling to note that a significant number of lots have sold in the past five years. From January 1, 2019, through December 31, 2023, a total of 140 lots were sold: 41 in 2019; 49 in 2020; 24 in 2021; and only 13 in both 2022 and 2023. There simply are very few lots left in LOW.
Of the MLS sales reported in 2019-2023, new construction numbers have varied. 2019 realized 31; 2020 sales jumped to 41; 2021 ended at 37; and 2022 saw new construction sales dip to only 13 and rise again to 37 in 2023.
Again, 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 2018-2021. 2022 showed a slight decrease to 100.3%, followed by another decrease in 2023 to 98%.
The financial experts’ forecast for 2023 called for rates to stabilize and then begin a slow decline. The decline in rates didn’t occur as quickly as anticipated.
The 2024 forecast calls for more buyer confidence and a reduction in interest rates that should bring buyers back into the market who “paused” due to all of the uncertainty of 2023. Yet those reductions may come more slowly than anticipated, as during the Federal Reserve’s news conference on January 31, 2024, Chair Jerome Powell noted that a March rate cut is unlikely.
“Home prices keep marching higher,” says National Association of Realtors Chief Economist Lawrence Yuns. “Only a dramatic rise in supply will dampen price appreciation.” And Redfin Chief Economist Daryl Fairweather predicts that mortgage rates will fall to about 6.6% by the end of 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 see available Lake of the Woods properties, please visit our site.
600 Eastover PkwyLot Great lakerview lot awaits a new home!Lakeview
Introducing your dream home water view location! This exceptional lot presents breathtaking lake views of Keaton Lake, providing the perfect canvas for building your dream home. Nestled in a very tranquil setting, it’s an ideal opportunity to create a haven where you can unwind and share countless memories with loved ones. Embrace the serenity of lake living and turn your vision into reality on this picturesque property. Your dream home awaits, overlooking the beauty of Keaton Lake. You can bring your own builder or we can assist you with choosing one who we have experience with. 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 captivating 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 see available Lake of the Woods properties, please visit our site.
Welcome to your dream home featuring gorgeous lake views! This 3 bedroom, 2 bath gem offers approximately 1988 sq ft of pure bliss, complemented by a 2-car garage with ample storage space. Step into a world of luxury where every inch has been meticulously renovated to perfection.
Marvel at the stunning tile floor that spans the entire home, creating an elegant and seamless atmosphere. The fresh paint, new light fixtures, and brand-new kitchen and bathrooms add a touch of modern sophistication.
The expansive deck, stretching across the entire front of the home, entices you to unwind and enjoy breathtaking lake views. Immerse yourself in relaxation with a soak in the hot tub, surrounded by the serenity of nature.
As you step into the main level living and dining room, be greeted by vaulted ceilings, skylights, recessed lighting, and of course, those captivating lake views. The well-designed kitchen is an absolute delight, inviting you to create culinary masterpieces while enjoying the scenic beauty outside.
Upstairs, the primary bedroom, a second bedroom, and a full bath offer comfort and tranquility. Downstairs, discover another bedroom, a versatile den with outside access that can easily serve as a fourth bedroom, another full bathroom, and a convenient laundry room to streamline your daily routine.
Imagine the new memories waiting to be made by the lucky new owner – from intimate gatherings in the stylish living spaces to evenings of stargazing from the deck. This home is not just a property; it’s a promise of a lifestyle filled with comfort, beauty, and the joy of lake life living. Don’t miss your chance to turn this house into your dream home!
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 captivating 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 see available Lake of the Woods properties, please visit our site.
Unveil Serenity: Don’t waste time. Explore this Renovated 3-bedroom Home with Stunning Views! Open House on Feb. 3rd from 12-2. Your new beginning awaits!
Introducing your dream home water view location! This exceptional lot presents breathtaking lake views of Keaton Lake, providing the perfect canvas for building your dream home. Nestled in a very tranquil setting, it’s an ideal opportunity to create a haven where you can unwind and share countless memories with loved ones. Embrace the serenity of lake living and turn your vision into reality on this picturesque property. Your dream home awaits, overlooking the beauty of Keaton Lake. You can bring your own builder or we can assist you with choosing one who we have experience with. 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 captivating 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 see available Lake of the Woods properties, please visit our site.
Just released December 2023 The Iron Claw is simply a must-see movie.
(Photo Credit: Courtesy of A24 and Lev Cinemas)
“The Iron Claw” Family and Legacy isn’t just a film for wrestling enthusiasts; it transcends the boundaries of sports entertainment, making it a must-see experience for audiences of all backgrounds. Here’s why even those who’ve never been wrestling fans should consider immersing themselves in this cinematic journey:
At its core, the film is a deeply human story about family bonds and the resilience to overcome life’s challenges. The Von Erich brothers’ journey is a universal tale that resonates with audiences, regardless of their familiarity with the wrestling world.
The characters in “The Iron Claw” are not just wrestlers; they are complex individuals with dreams, struggles, and triumphs. The performances bring depth to the narrative, making it a compelling watch even for those who may not have followed wrestling in the past.
While wrestling serves as the backdrop, the film delves into the personal lives of the Von Erich family. The storytelling goes beyond the ring, exploring relationships, personal struggles, and the pursuit of a legacy. This multifaceted approach adds layers to the narrative, making it relatable to a broad audience.
“The Iron Claw“ doesn’t just deliver action-packed wrestling scenes; it takes audiences on an emotional rollercoaster. The highs of triumph and the lows of tragedy create a poignant experience that tugs at the heartstrings, leaving a lasting impact.
The Von Erich family’s story is a significant chapter in the history of professional wrestling. Watching the film provides a unique glimpse into a bygone era of sports entertainment, offering cultural and historical insights that extend beyond the wrestling ring.
The quest for legacy and immortality is a central theme that transcends the world of wrestling. Audiences are invited to reflect on their own aspirations and the impact they wish to leave behind, adding a thought-provoking element to the viewing experience.
As a film that has garnered attention and critical acclaim, “The Iron Claw “has become part of the cultural conversation. Experiencing it allows individuals to engage in discussions about storytelling, family dynamics, and the intersection of sports and entertainment.
In conclusion, “The Iron Claw” is not just a movie; it’s an immersive experience that offers a window into the human experience, filled with drama, triumph, and unbelievable tragedy. Whether or not you’ve been a wrestling fan in the past, this film promises to captivate and resonate, making it a must-see for anyone seeking a compelling and emotionally resonant cinematic journey.
If collegiate wrestling is your preference, John Licata, a Lake of the Woods resident and expert real estate adivsor, would love to speak with you!
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 see available Lake of the Woods properties, please visit our site.
Introducing your waterfront dream home in an amenity-rich, gated community! This stunning fabulous 5-bedroom, 4-bath, 3-level residence boasts approximately 5332 square feet of luxurious living space and features breathtaking, long views of the lake! Smartly designed with a primary suite and an additional bedroom and bath on the main level, the residence truly does offer one-level living. Whether you’re looking for a new primary residence that offers one-level living with plenty of space and amenities for family and friends, a multi-generational home, or a place to accommodate your large family, you’ve found your perfect place at the lake!
As you step onto the main level, you’ll be greeted by newer LVP flooring that extends throughout the main area. You’ll appreciate the vaulted ceilings, skylights, and sweeping windows that fill the main areas with natural light, showcasing the picturesque lake views. The separate dining area is perfect for special occasions, while the expansive living room is highlighted by a striking stone wood-burning fireplace—a perfect setting for creating lifelong memories.
The spacious eat-in kitchen is a chef’s delight, accommodating several people at a time. Connected to the living room and kitchen is an amazing sunroom offering panoramic views of the main lake, providing a serene escape. The primary suite is a haven of relaxation, featuring ample space for a seating area and a walk-in closet, all while enjoying the soothing lake vistas and private deck area. A second bedroom and full bath, along with a conveniently located laundry room, complete this level.
Venture to the upper level, where two generously sized bedrooms share a full bath, providing comfort and convenience. The lower level unfolds a massive, open, well-designed recreation room with fantastic lake views and several outdoor areas for lake fun. An additional bedroom and full bath offer privacy for guests, and access to a patio invites you to share the spectacular lake scenes.
This home is not just a place to live; it’s a canvas for creating cherished memories. From entertaining in the formal area to cozy moments by the fireplace, every corner is a backdrop for joy and togetherness. Don’t miss the opportunity to make this dream home yours and embark on a journey of making memories that will last a lifetime. Welcome to a life of serenity and luxury!
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 sensational tour of Lake of the Woods by car and by boat, showcasing the very essence of what makes this community so special. Experience firsthand the captivating charm of Lake of the Wood!
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 see available Lake of the Woods properties, please visit our site.
Fredericksburg is set to become a haven for food enthusiasts as it hosts the much-anticipated Winter Restaurant Week from January 12-21, 2024. This event promises a delectable journey through the city’s diverse culinary landscape, with an array of participating restaurants showcasing their unique flavors. Whether you’re a local or a visitor, the FXBG Restaurant Week is the perfect opportunity to embark on a culinary adventure and savor the distinctive tastes that make Fredericksburg’s food scene truly special.
Why not turn your culinary exploration into a weekend getaway? Fredericksburg offers an inviting atmosphere, making it an ideal destination for a food-centric retreat. Take advantage of the discounted rates during Restaurant Week and indulge in the restaurant you’ve been eager to try. Whether it’s a romantic date night or a gathering with friends, the city’s vibrant food culture provides the perfect backdrop for a memorable experience.
Dedicated Chefs and Unique Flavors:
One of the highlights of Restaurant Week is the dedication of the city’s chefs to showcase their talents. This event is not just an opportunity for patrons to enjoy discounted rates; it’s a celebration of culinary artistry. The chefs pour their creativity into each dish, offering a tantalizing glimpse into the flavors that define Fredericksburg’s culinary identity.
Must-Try Establishments:
Among the plethora of participating restaurants, a few gems stand out. From the cozy ambiance of Curio Wine Bar & Tasting Room to the innovative offerings at EATS Burgers and the delightful treats at Sweet Reasons Cupcakes, there’s no shortage of must-try establishments. Each venue has something unique to offer, ensuring a diverse and satisfying dining experience.
Fredericksburg’s Winter Restaurant Week is more than just a series of meals – it’s a celebration of community, culture, and creativity. With a vast array of participating restaurants, dedicated chefs, and discounted rates, this event is a golden opportunity for both locals and visitors to immerse themselves in the city’s rich culinary tapestry. So, mark your calendars, gather your friends or that special someone, and get ready for a gastronomic journey through the heart of Fredericksburg. Winter Restaurant Week awaits, promising an unforgettable dining experience for all.
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 see available Lake of the Woods properties, please visit our site.
In a large saucepan, heat butter and oil over medium heat until butter is melted. Add onion; cook and stir until tender, 5-7 minutes. Add garlic; cook 1 minute longer. Stir in tomatoes, chicken stock, tomato paste, basil, salt, sugar, thyme and pepper. Bring to a boil. Reduce heat; simmer, uncovered, to let flavors blend, 20-25 minutes.
Remove pan from heat. Using a blender, puree soup until smooth. Return to pan. Slowly stir in cream. Cook and stir over low heat until heated through. If desired, garnish with basil and additional cream.
Hint: Elevate your tomato soup experience with a sidekick of golden, gooey grilled cheese.
How about we all make a resolution this January to enjoy life just a little bit more, to expand our worlds just a little bit more, and to share just a little bit more love? It’s no secret that most New Year’s resolutions relate to physical health – new diets, new exercise routines, and new weight goals. And we recognize how important our health is, but there’s so much more to life and we want you to live it all!
Here are a couple of ideas to spark your creativity so you can make the best resolutions for 2024:
Try a new recipe every month
Listen to more music or a new type of music
Light a nice candle while you relax in the evenings
Color, sketch, paint, or do any artwork you like
Meet somebody for coffee once a month
Pick up an instrument you used to play, or take lessons and learn a new one
Go outside in the fresh air for 10 minutes every day
Get a new puzzle or board game
Try a new hobby or craft – knit, crochet, paint figurines, embroider, build birdhouses…
Read poetry in the mornings
Add board games or puzzles to your weekly routine
Read a book from a genre you normally wouldn’t
Learn about something you’re curious about
Visit a small local or specialty museum or gallery
Invite friends over for lunch or dinner
Drive a new way home
Write 100-300 words – Use story prompts or something that crossed your mind
Give a compliment every day, especially to your partner or children
Join a book club
Stop and enjoy the smell of your coffee or tea, or a fresh crisp snow, just for a second
Light up the fireplace
Have family dinner together at the table.
Don’t save the good stuff, pick a resolution this year that will bring you more smiles, new experiences, and great memories.
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 see available Lake of the Woods properties, please visit our site.
Welcome to your dream home! This delightful property offers the perfect blend of comfort and style, featuring a convenient one-level living design and a thoughtfully laid-out split-bedroom floor plan. With 3 bedrooms, 2 baths, and a generous 1744 sqft, this residence provides ample space for you and your loved ones to thrive. Pull into your spacious 2-car garage and step into a world of relaxation. The charm continues outdoors with a screened porch and an open deck, ideal for hosting BBQ gatherings or enjoying a tranquil evening under the stars. The expansive lot is a haven for kids, pets, and entertaining, ensuring there’s plenty of room for everyone to roam and play. Inside, the cathedral ceilings throughout the main living area and palladian windows create an open and airy atmosphere, making every room feel inviting and spacious. The home offers a formal dining room and eat-in kitchen seamlessly that connects to the screened porch and back deck, extending your entertainment space and providing the perfect backdrop for memorable gatherings. Picture yourself in the living room, cozied up by the gas fireplace that not only acts as a focal point but also radiates warmth and comfort. The primary ensuite is a true retreat, offering room for a sitting area and a spa-like bath that promises relaxation and rejuvenation. This home is more than just a residence; it’s an invitation to a lifestyle of comfort, convenience, and endless possibilities. Come experience the welcoming ambiance and envision the memories waiting to be made in this extraordinary haven. Your dream home awaits – schedule your visit today! 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 captivating 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 see available Lake of the Woods properties, please visit our site.
