Tag Archives: locust grove virginia real estate

Private Home on 2 Acres for Sale in Locust Grove Virginia 22508 Now SOLD!!

34076 Ridge View Drive, Locust Grove, VA 22508

Are you ready to escape the hustle and bustle for some peaceful, country living yet still be conveniently close to the things you need? Look no further, this home is the best of both worlds boasting 2 acres of tree lined tranquility. I’m confident you will be anxious to call this home!

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.

1233 Lakeview Pkwy LOT for Sale in Lake of the Woods Virginia NOW SOLD! SOLD SOLD!

Build your dream home in sought after Lake of the Woods. Great location, a short walk to the beach, Sweetbriar pool and all the lake has to offer. 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!

Interested in buying multiple lots?? The adjoining lot 1231 Lakeview Pkwy is available for sale too!!!

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.

35361 Wilderness Shores Way, Locust Grove VA Home NOW SOLD! SOLD! SOLD!

Welcome to 35361 Wilderness Shores Way! This beautifully maintained home boasts sought after vaulted ceilings, a split bedroom floor plan with 3 bedrooms and 2 full baths! Spacious master has an attached full bath and large walk in closet. Screened porch is great for enjoying a cup of coffee while watching the family enjoy the yard. Such a quaint community and close to all the necessities. You will be eager to call this place your home!

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.

111 Birchside Cir, Lake of the Woods Virginia 22508 NOW SOLD!!!

Are you ready to get this lake life started? Welcome to 111 Birchside, where you will find soaring ceilings in the family room accented with a brick fireplace and sliding glass doors that lead to a spacious deck. Do you dream of additional living space or a man cave? This home is very versatile and could easily be set up to suit your needs. Not to mention all the community has to offer!

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.

NEW CONSTRUCTION! Move-In Ready in Locust Grove, Virginia NOW SOLD SOLD SOLD!

34126 Enchanted Way, Locust Grove VA 22508

There’s no place like home and this brand new construction is just waiting for you to make it yours! Spectacular split bedroom, open floor plan with soaring ceilings and abundant windows for a wealth of natural light! The kitchen boasts gorgeous granite and stainless steel appliances and there is a huge bonus room over the garage. The master suite is accented with a tray ceiling and access to the wrap around porch. Now that I mention porches, this home has not one, but two breathtaking wrap around porches for the ultimate outdoor living experience. Hurry, this one won’t last long!

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.

349 Yorktown Blvd, Lake of the Woods Virginia Home SOLD! SOLD! SOLD!

This spacious home boasts all of the sought after features! One level, split bedroom floor plan with high ceilings in the family room and accented with skylights. The kitchen is the heart of the home, open to the family room and formal dining room. Enjoy the sun room lined with large windows to watch the wildlife. Not only is the home spectacular but so is the community.

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.

Lake of the Woods Virginia 22508 Home SOLD! SOLD! SOLD!

107 Silver Spring, Lake of the Woods, Virginia 22508

Welcome home to 107 Silver Spring where you will be greeted by the convenient asphalt circular drive and beautifully landscaped curb appeal. The home boasts an open concept with split bedroom floor plan accented with high ceilings and skylights. Enjoy your evenings on the spacious deck or spectacular screened porch overlooking your tree lined, private back yard. 

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.

Somerset Community Locust Grove Virginia 22508 SFH now SOLD! SOLD! SOLD!

35115 Somerset Ridge Rd, Locust Grove VA 22508

Plan to be wowed! You immediately feel as if you have flipped to the front page of a magazine, this house is picture perfect! Home boasts gorgeous hardwood floors, soaring ceilings, large windows and a beautiful color pallet! Enjoy the gourmet kitchen with abundant cabinets and recessed lighting, a double sided fireplace accents the family room and sun room and downstairs is perfect for entertaining!

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.

3 Open Houses In or Near Locust Grove, Virginia!

See more of: 34126 Enchanted Way here.

See more of: 35115 Somerset Ridge here.

See more of: 27512 Strawberry Hill 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.

The State of Real Estate at the Lake 2018

By Pat Licata, External Affairs Committee

numberofhomessold2018The inventory shortage experienced by most regions of the country was evident in Lake of the Woods in 2018, as listings were down 13.9% over those in 2017. 234 sales were reported in our MLS in 2018, down from 294 in 2017 (a 19.6% decrease).  New construction accounted for 11 of the 234 sales. The median sold price increased 4.56% year over year from $239,000 to $249,900.

Of the 234 total sales in 2018, only 15, or 6.4%, 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:

2018mediansalesprice

In 2014, the median sold price was $219,450, with 193 homes selling. Only 11.9% were distressed. Average days on market was 92.

In 2015, the total sales climbed to 247, with 15% being distressed. The total sales represented almost a 30% gain over 2014, and the median sales price dropped to $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 $225000, 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 92 days in 2014 to 76 in 2018.

It’s also telling to note that a significant number of lots have sold in the past five years. From January 1, 2014-December 31, 2018, 177 lots exchanged, with 55 occurring in 2018.

newconstructionstarts2018

New Construction has been climbing, as well. 2014 realized 18 new construction starts; in 2015, there were 41; in 2016, there were 28; in 2017, there were 30; and in 2018, there were 34.

In 2019, according to Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors, mortgage rates are expected to increase at a much slower pace than that in 2018. So far in 2019, they have actually decreased from the 4th quarter of 2018.

The prognosis for 2019 is excellent!  In many areas of the country, inventory is rising. In LOW, there are 62 homes active on the market as of 1/26/2019. Last year in January, there were 55. More stable rates and more inventory should propel us to experience healthy sales and appreciation.

**All statistics have been obtained from BrightMLS, our local MLS, except for new construction starts, which were obtained from LOWA.

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.