Tag Archives: lake of the woods virginia

Lake of the Woods Neighborhood Sign

January 2025 Real Estate Statistics for LOW

In January, 7 homes were SOLD in Lake of the Woods.

0 sold below $250,000.00
0 sold between $250,000-299,999;
1 sold between $300,000-349,999;
1 sold between $350,000-399,999;
3 sold between $400,000-499,999;
2 sold between $500,000-$999,999(+)

32 Active/Coming Soon Listings for Sale
20 Homes Under Contract
7 Homes Sold since January 1, 2025

Whether you’re looking for homes for sale in Lake of the Woods VA or property in Virginia, we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “What is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, one of our expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

The State of Real Estate at the Lake 2024

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.

Charming Updated All-Brick Rambler with Expansive Backyard and Modern Features

522 Liberty offered at $385,000

Timeless all brick rambler

Walking into this charming all-brick rambler, you are greeted by a spacious living room, complete with a cozy fireplace, seamlessly connected to a beautifully updated eat-in kitchen. With over 1,500 sqft of living space, this home has been completely modernized within the last five years, featuring new flooring, fresh paint, and stunning kitchen and bathroom renovations.

Step through the kitchen to find a deck that overlooks an expansive backyard, perfect for entertaining, gardening, or simply enjoying the outdoors. The converted garage adds even more flexibility to the home, offering a versatile space that can serve as a home office, an additional bedroom, or a family room.

With a horseshoe driveway providing ample parking and a location designed for comfort and style, this home is a true gem. Schedule a tour today and envision making this updated beauty your own!


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.

December’s 2024 Real Estate Statistics for Low

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.

Warm Welcomes and Happy send-offs in 2025!

Farewell My Friends!

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.

January:

Edward & Judith Conway

Carol Twedt

December 2024

Robert L. Rodriguez and Michelle Malipsey-Rodriguez

Stephen R. Pyle and Tammy Lynn Pyle

James Watts and Kimberly Watts

Delaney Jewell and Ann Jewell

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.

Warm Welcomes and Happy send-offs!

Farewell My Friends

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.

November 2024 Real Estate Statistics for Low

In November, 19 homes were SOLD in Lake of the Woods.

0 sold below $250,000.00
0 sold between $250,000-299,999;
1 sold between $300,000-349,999;
3 sold between $350,000-399,999;
10 sold between $400,000-499,999;
5 sold between $500,000-$999,999(+)

36 Active/Coming Soon Listings for Sale
13 Homes Under Contract
185 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.

October2024 Real Estate Statistics for Low

In October, 10 homes were SOLD in Lake of the Woods.

0 sold below $250,000.00
1  sold between $250,000-299,999;
0 sold between $300,000-349,999;
0 sold between $350,000-399,999;
5 sold between $400,000-499,999;
4 sold between $500,000-$999,999(+)

36Active/Coming Soon Listings for Sale
23 Homes Under Contract
166 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.

Warm Welcomes and Happy send-offs!

Farewell My Friends

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.

Amy & Charles Phifer

Pamela & Salvatore Poulton

Leslie Beavers

Kenneth & Nanette Mittereder

John & Karen Wiking

Michael & Jin Meyer

Whether you’re looking for homes for sale in Lake of the Woods VA or property in Virginia, we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “What is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, one of our expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.

A Truly Unique Waterfront Gem! 1805 Lakeview Parkway offered at $999,900

This magnificent 4-bedroom, 4-bath home is a one-of-a-kind masterpiece, offering over 4,500 sq. ft. of meticulously designed living space. Nestled on a lakefront lot with approximately 205 ft. of pristine waterfrontage, this home combines contemporary luxury with natural beauty and versatility, making it perfect as a short-term rental, a vacation home, or a full-time residence.

From the moment you enter, you’ll notice the unique charm of the stone-front exterior and the welcoming foyer, which opens to stunning hardwood floors. A private main-level bedroom and full bath offer seclusion, while the rest of the home unfolds into an expansive open-concept living space. The two-story great room is an architectural marvel with a full wall of windows that bring the beauty of the lake indoors, enhanced by remote-controlled shades for ease of use. Built-in bookshelves and a beautifully designed fireplace add to the ambiance, making this room the perfect gathering space.

The gourmet kitchen is a chef’s dream, featuring a 6-burner gas cooktop, stainless steel appliances, granite countertops, and abundant storage. The adjacent dining area flows seamlessly into the four-season sunroom, where you’ll be surrounded by serene lake views through glass and screened windows—a perfect space to relax or entertain year-round.

What truly sets this home apart are the two primary suites, each with its own screened porch. The main-level suite offers a luxurious spa-like bath, walk-in closets, and a private hot tub on the porch—your personal sanctuary. 

The second-floor suite includes a modern bathroom, a sitting area, and even its own washer and dryer for convenience. A loft overlooking the great room features additional sleeping space with two Murphy beds, offering flexibility for guests. 

The lower level is equally impressive, with a family room that includes built-in bookshelves, more Murphy beds, a kitchenette, a fourth bedroom, and a full bath. Step outside to the covered patio, perfect for entertaining or simply enjoying the view. The exterior is equally exceptional, with custom walkways, beautifully landscaped grounds, and direct access to the lake for boating, fishing, or wildlife viewing.

This unique home offers an unparalleled lifestyle—whether it’s the high ceilings, endless lake views, or the thoughtfully designed spaces for family and guests, every aspect has been crafted for comfort and luxury. Whether you’re seeking an income-generating short-term rental, a vacation getaway, or a peaceful full-time residence, this home checks all the boxes. With its close proximity to the back gate for easy access, this property is the ultimate blend of elegance and convenience.

Don’t miss out on this one-of-a-kind lakeside retreat!

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!