Date night doesn’t have to be just for couples. How about a date night for the whole family? The Lake of the Woods Pools and Community Activities Committee is hosting Family Date Night at the Clubhouse Saturday, February 18th, 2023 from 6 pm – 9 pm. Reservations are required for this event, so click here to reserve your spot now! The cost per adult is $15.95, children under 10 is $10.95, and children under 3 eat free. The menu consists of a starter salad and garlic bread sticks; followed by entree options of penne or bow tie pasta with your choice of marinara sauce and meatballs, or alfredo sauce with chicken, porcini mushroom ravioli in a sherry cream sauce with a side of seasonal vegetable medley, and cookies and brownies for dessert. So come hungry and ready to grace each other’s presence with a bountiful of laughter.
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 contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
The continued inventory shortage experienced by most regions of the country was clearly evident in Lake of the Woods again in 2022. This inventory shortage, along with rocketing interest rates and inflation concerns in the second half of the year, definitely changed the course of the 2022 real estate market. Closed sales decreased approximately 24% from 358 to 272. New construction accounted for 31 of the 272 sales. The median sold price increased 11.39% year over year from $336,500 to $375,950 in 2022.
Now let’s look at the past five years:
In 2019, 301 homes sold, which was a 28.63% increase over 2018. 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 selling. 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%.
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, had steadily decreased from 76 in 2018 to 16 in 2021…yet in 2022, it rose to 23, more evidence of a changing market.
It’s also telling to note that a significant number of lots have sold in the past five years. From January 1, 2018, through December 31, 2022, a total of 172 lots sold: 45 in 2018; 41 in 2019; 49 in 2020; 24 in 2021; and only 13 in 2022. There simply are very few lots left in LOW.
Of the MLS sales reported in 2018-2022, new construction numbers have varied. 2018 saw 11 new construction homes sales; 2019 realized 31; 2020 sales jumped to 41; 2021 ended at 37; and 2022 saw new construction sales dip to only 13.
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 dramatic rise in average sold price to original list price ratio. It had steadily risen from 96.4% in 2018 to 100.9% in 2021, with 2022 showing a slight decrease at 100.3%.
According to Freddie Mac and the Mortgage Bankers Association at this time last year, mortgage rates were expected to rise and end 2022 in the 3.75-4% range for a 30-year fixed. As we experienced, they were wrong! Interest rates rose at a higher trajectory than ever before in the history of mortgage rates being documented. The current forecast is for rates to stabilize and then start a slow decline. It is anticipated that stabilization in interest rates and more confidence should bring buyers back into the market who “paused” due to all of the uncertainty.
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 contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
It’s that time of year again. Mardi Gras, a French word meaning “Fat Tuesday” is reflecting on the practice of the last night of eating rich, fatty foods before Lenten sacrifices and fasting. The exciting carnival-like tradition varies from city to city and the Lake of the Woods celebration will kick off on Saturday, March 4th, 2023 from 6 pm – 11 pm. Sponsored by the LOW Lioness Lions Club, festivities will take place at the Lake of the Woods clubhouse. Tickets go on sale starting February 11, 2023, for $65 per person and can be purchased at lowlioness.org. All proceeds will support the Lioness Lions Foundation, Inc. which services our community. Live music by Reunion Band is sure to kick the party off right at 8pm. Cocktails are to start being served at 6 pm, with dinner at 7, followed by a silent auction. To spice up the evening’s event, be sure to partake in the 50/50 raffle or “Best of Raffles.” So, mark your calendars. This event will be one you won’t forget.
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 contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
11/21/23 Licata Live with John Licata ( The Face for Radio ) and Kathleen Ayers
11/14 Licata Live at Patch Brewing Co. With Keith and Carrie Neeley.
Pat & Daisey Licata Live 11/7/2023
Welcome Meg Brancato To The Team w/ Daisey & Meg: Licata Live 10/31/2023
Licata Live September 20, 2023 with Mary Maurer and Pat Licata
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 contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
In December, 11 homes were SOLD in Lake of the Woods.
0 sold below $250,000.00 4 sold between $250,000-299,999; 0 sold between $300,000-349,999; 3 sold between $350,000-399,999; 2 sold between $400,000-499,999; 2 sold between $500,000-$999,999;
46 Active/Coming Soon Listings for Sale 14 Homes Under Contract 1 Home Sold since January 1, 2023.
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 contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
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 rare modern classic brings everyone’s favorite storybook characters together in this timeless, and still relevant piece by James Lapine and Stephen Sondheim. We’ll get to witness the story of a Baker and his wife, who wish to have a child; Cinderella, who wants to attend a ball; and Jack with a cow whom he wishes would produce milk. A journey ensues when the Baker and his wife learn that they cannot have a child due to a Witch’s curse and features our storybook favorites, including Red Riding Hood, Rapunzel, and a Giant. When wishes become granted, the consequences of their actions haunt them with tragic results. Into the Woods, one of Sondheim’s most popular works, is a musically sophisticated show, so don’t miss this musical performance! If you are interested in participating in this show, auditions are being accepted. Download and complete the audition form here. The form includes show details, rehearsal dates, audio track links, and audition requirements. Rehearsals begin as soon as February 12, 2023. Auditions are held Sunday, January 29th, 2023 from 7p – 9pm at MFA Studios & Fitness, 3rd floor. (4444 Germanna Hwy, Locust Grove VA 22508) and Monday, January 30th, 2023 from 7pm – 9pm at the Lake of the Woods Community Center (110 Sweetbriar Park Rd, Locust Grove VA 22508). *Please note Lake of the Woods is a gated community. If you live outside LOW, contact Dave at david_schubert@comcast.net to let them know you are planning to attend auditions. They will put your name on the guest list at the guard gate and you may be asked for ID to enter.
Performances for this show are scheduled for: May 5th, 6th, 12th, and 13th, 2023 at 7pm, as well as May 7th, 13th, and 14th at 2pm.
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 contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
In November, 16 homes were SOLD in Lake of the Woods.
2 sold below $250,000.00 1 sold between $250,000-299,999; 3 sold between $300-349,999; 3 sold between $350,000-399,999; 5 sold between $400-499,999; 2 sold between $500,000-$999,999;
60 Active/Coming Soon Listings for Sale 16 Homes Under Contract 284 Homes Sold since January 1, 2022.
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 contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Lake of the Woods Association is sponsoring the 3rd Annual Holiday Home Decorating Contest. Registered homes will be included on a map on LOWA.org, members can tour the community and look at the homes! Since the deadline to decorate is December 8th, it won’t be long before our community will be lighting up the nights with holiday cheer! December 9-11th: Garden Club will judge homes and the winners will be published in Lake Currents on December 16th.
Winners will be chosen from one of the three categories. Gift cards will be awarded to first place and a runner-up! The 3 categories are Hallmark Holidays: garland, wreaths, lights, and everything for the picture-perfect greeting card; Wacky Tacky: snow globe, figurines, inflatables, lots of lights, and lasers. Anything goes! and lastly, Winter Wonderland: More seasonal, less Christmas, Snowmen, sleighs and more.
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.
Beginning NOW 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 now 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, Ryan Richardson, 540-972-2221
-LOW LIONS Club, Vicky Shew: 703-408-4926
-Jack Samuels Realty -Gibson’s Rental
Monetary donations will be accepted, please make checks payable to: Orange County Children’s Toy Box PO BOX 1117, Orange VA 22960-0659
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 contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
As busy as this time of year gets, jolly Ol’ Saint Nick always remembers the good boys and girls in Locust Grove! He will be making his rounds atop LOW F&R Engine 29 through Lake of the Woods on December 16th, 17th, and 18th! Santa is so excited to see all the children in LOW and nearby Locust Grove areas! Santa and the LOW Fire Department have developed a route and tracker that is posted on their website and Facebook page, so please keep checking for further updates! Please note the schedule is tentative and may change based on weather and calls for service.
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, or Northern Virginia, 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 contacting Pat Licata.
To see available properties, please visit our website licatagroup.com
