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.
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:
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.
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.
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.
Are you looking to give your kids a great experience on the lake this summer? This might be the perfect opportunity! The Junior Sailing Program will be offering two youth sailing camps starting this summer! The first session will be for beginner sailors and will be held from June 22nd through June 26th. The second session will be for the more advanced class, being 2 or more years of JSP camp experience, will be from June 29th to July 2nd. Both camps will be for children 8-15 who can swim and are interested in learning how to sail properly, and safely. Both camps will run from 8AM – 12PM at Sailboat Beach. All campers are required to wear swimsuits, closed-toe water shoes, a Coast Guard-approved life jacket, and must bring a working whistle. The cost for a week-long session of camp is $190, and application forms are available at the Holcomb Building Member Services Area. This is a fantastic way for kids to learn how to properly sail, and become future participants in lake recreation! For more information, contact Dan McFarland at danmcfarland1@comcast.net
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!
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.
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.
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!
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.
We can freely say that moving to Orange
County Virginia might have been the best decision you have ever made. Orange County has a unique charm. It
can offer you a lot of outdoor and indoor activities. But also, it can offer
you historical attractions, and festivals and sporting events that are
happening year-round. There are so many
fun things to do after moving to Orange County Virginia that it is challenging
choosing what to do first. Depending on what you prefer and what is fun for
you – you will be able to easily find activities for you and your family.
Create your list of fun
things to do after moving to Orange County Virginia
We are all very different. Some of us like to go playing golf, while others enjoy music festivals. And the best thing about Orange County Virginia is the fact that it can offer you a lot of new and interesting things. And, if we are being honest – you will need to have some relaxing time after the relocation. Relocation is stressful no matter where you are moving. Especially relocation with a small child isn’t easy since a small child can’t quite understand everything that is happening. So, if you want to make sure that you and your family enjoy your new home from the beginning – create your list. You can even start before you actually relocate.
You should create a list of fun things that you can try after you relocate to Orange County Virginia
If you like outdoor
activities – Lake of the Woods Golf Course should be your choice!
The great thing about Orange County Virginia is that it can offer
a couple of golf courses. And Lake of the Woods Golf Course is definitely
one of the best. Even if you have never
played golf before, we can assure you that this should be on your list of fun
things to do after moving to Orange County Virginia. What makes it
different is the fact that it is surrounded by the woods of oaks and pines. It
is designed with a variety of slopes, sand, and water. It can accommodate
players of any level, no matter how old they are.
There are different events throughout the
year, and depending on when you move here – you can choose which one you like
the most.Aerial view of the Lake of the Woods is
amazing. Also, here you can organize
parties and fundraisers – and we can assure you everyone will have fun!
Fun and exciting
activity – Rapidan River Kayak!
This is a place where you will create unforgettable memories for sure! Paddling down a scenic river, with an opportunity to see wildlife ranging from bald eagles, ducks to deer, beavers, turtles. Occasionally, you can even see black bears and otters! This can be a very exciting and amazing thing to do after you move to Orange County Virginia. Even if you have never before tried something like this – you don’t have to worry. With you, on this tour, there will be a professional kayak instructor. He will teach you some basic things, how to properly do a basic stroke and similar.
Rapidan River Kayak is an amazing and fun activity for you and your friends and family
The
best thing about this is that you can go with your family or your friends. You can even reserve a kayak as a part of your wedding party, or as a
team-building activity. Also, you can often see a bachelor or bachelorette
party organized right here – this is a great way to relax and enjoy! So, in our
humble opinion, even if you are not moving here permanently – you should
considerbuying a vacation home! We can assure you that
you will enjoy your time here!
The Market at Grelen –
unique experience in Orange County
One of the fun things to do after moving
to Orange County Virginia is to visit the Market at Grelen! This is a rather unique European style
garden shop that can offer you a lot! A huge variety of plants is rotating
every week! Besides that, you will find some gardening goodies that can help
you when you decide torenovate your home and garden. If we can sum
up what you will experience here, it would be something like this: a casual farm-to-table cafe, a lot of
hiking trails. And you will have a unique opportunity to try Virginia beer,
cider and wine!
During winter months – this place is
unfortunately closed. But, on the E.
Main Street in Orange, you can find their store with a lot of different gifts
for your family, pets or for some special occasions as a wedding. And, besides
gifts, you will find Grelen ice cream and
Virginia beer, cider and wine! We can assure you that you have not tried
anything similar!
Sky diving is just one of the
many fun things to do after moving to Orange County Virginia
If you like to feel that adrenalin rush
or you simply want to try something completely different – sky diving is for
you! Sky Dive Orange has been operating
since 1977 so you can be sure that you are in good hands! No matter if you
are experienced or this is your first time – there are instructors that can
answer any of your questions. You can try
tandem skydive or you can do it on your own – the choice is yours! For a
good reason, this is one of the very interesting and very fun things to do in
Orange County Virginia!
Sky diving is an exciting and fun thing to try!
Location of the Orange County
Virginia is great and your advantage!
And, we left the best facts for the end.
The distance between Orange County and some big cities is very small:
Washington DC is only 70 miles away
Charlottesville is only 20 miles away from Orange County
Richmond is 60 miles away
Fredericksburg is only 15 miles away
So, as you can see – Orange County has a rather good location, and you can easily reach some of the big cities. And, as you know – there are many different events happening. So you can be sure that you will find something fun and amazing and new almost every week. The next interesting thing is the 6th Annual Ice Yard Event in Washington that really should be on your calendar as one of the fun things to do after moving to Orange County Virginia.
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! 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 area 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 contact Pat Licata.
To see available properties, please visit our website licatagroup.com
In November, 16 homes sold in Lake of the Woods. 3 sold under $200,000; 6 sold between $200-250,000; 2 sold between $250-300,000; 4 sold between $300-400,000; 0 sold between $400-550,000; 1 sold above $550,000.
63 Active Listings for Sale 24 Homes Under Contract 283 Homes Sold since January 1, 2019.
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.
Time for an event for the little ones! The Lake of the Woods Equestrian Center will be holding its Winter Pony Camp from Thursday, January 2nd to Saturday, January 4 from 10:00 AM – 2:00 PM! Enjoy daily riding lessons, arts & Crafts and more! This event is for children between the ages of 6 – 12. Spots tend to fill up fast, so be sure to register today! For any further questions or to register, call (540) 972-2238. Be sure to dress warm!
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.
Spectacular sunsets are always the perfect ending to an amazing day at the lake! Fantastic views and a meticulously renovated home have meshed to provide the perfect opportunity that you will want to claim as your own. The finest finishes on the interior, open floor plan, walls of windows and doors, expansive deck, balcony, patio, electric boat lift, private dock, and two double car garages leave nothing to be desired. So let’s get this lake life started! If you care to venture away from your private oasis, Lake of the Woods offers golfing, trail rides, dining, and so much more!
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, 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 $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 homeworth?” 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.
Join us this weekend as we show of three of the most gorgeous homes that you are guaranteed to fall in love with. 119 Monticello Cir and 308 Wilderness Dr will be held on Saturday, 11/16 from 1-3 PM in Lake of the Woods, and 4747 Arlington Blvd on Sunday, 11/17 from 1-4 PM in Arlington. If you would like to learn more, be sure to click on the addresses below!
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.
