0 sold below $250,000.00 1 sold between $250,000-299,999; 3 sold between $300,000-349,999; 2 sold between $350,000-399,999; 5 sold between $400,000-499,999; 5 sold between $500,000-$999,999; 1 sold above $1,000,000!
30 Active/Coming Soon Listings for Sale 31 Homes Under Contract 127 Homes 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.
Welcome to this exquisite colonial masterpiece, a 2021 gem boasting 4 bedrooms, 2.5 baths, and approximately 2,200 sq. ft. of luxury living. Step inside the jaw-dropping open concept that leaves you in awe from the very first glance. The dining room steals the show with its impeccable trim details, adorned with crown molding, chair rail, and wainscoting, illuminated by a captivating chandelier. Beautiful LVP floors stretch across the entire main level, harmoniously complemented by tall ceilings, creating a bright and airy ambiance that sets the stage for a remarkable living experience. Beyond the dining room lies the living room, a cozy haven adorned with a gas fireplace and enhanced with recessed lighting throughout, providing the perfect backdrop for cherished moments with loved ones. The kitchen, an absolute stunner, showcases elegant white cabinets and brushed nickel finishes that gracefully blend with the stainless steel appliances, inviting you to embark on culinary adventures. An inviting area for a table ensures convenience, while easy access to the back deck elevates your indoor-outdoor entertaining experience to new heights. Ascend the stairs to the upper level, where the primary ensuite beckons, a sprawling retreat that lures you into a blissful slumber. The ensuite bath exudes spa-like luxury, complete with a soothing soaker tub, a double vanity for effortless preparation during busy mornings, and a fantastic tile shower. Completing the upper level are three more generously-sized bedrooms, ready to embrace new dreams, and a full bath designed for both comfort and style. A convenient laundry room adds ease and functionality to everyday living. This home is more than just a residence; it’s a canvas for creating cherished memories. The seamless open concept and easy access to the back deck make entertaining, celebrating holidays, and hosting special occasions an absolute breeze, fostering an atmosphere of warmth and joy that will be remembered for years to come. The 2-car garage offers endless possibilities, whether you choose to use it for parking or transform it into a workshop or hobby space. The yard, a haven for kids and pets to play freely, completes the picture of an idyllic family home. In this exceptional property, a dream lifestyle awaits you. Don’t miss the chance to make this house your home, a sanctuary where cherished memories will be created and treasured for a lifetime. In this exceptional property, a dream lifestyle awaits you.
Discover the ultimate in luxury living at Lake of the Woods, a private, gated, and secure community. With two lakes, a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, this community offers endless possibilities for recreational activities. Boating, water skiing, kayaking, golfing, horseback riding, or simply relaxing and taking in breathtaking views are just a few of the options that await you. Embrace the vibrant community life with over 60 clubs and organizations to join. Located in Orange County, you’ll also enjoy low real estate taxes. Come see for yourself, and I’ll give you a personalized tour of Lake of the Woods by boat and car, showcasing everything this dream community has to offer.
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.
Step into this captivating contemporary colonial home, where each room invites you to create cherished memories and embrace the joys of living. The foyer welcomes you with hardwood floors, setting the tone for elegance and warmth as you step further inside. To the left, the dining room beckons you to gather with loved ones, basking in the glow of sunlight streaming through the large window, making every meal a delightful occasion. As you move forward, the sizable living room becomes the heart of your home, where tall ceilings and skylights elevate the space with a sense of openness and light. Snuggle by the gas fireplace on cozy evenings, sharing stories and laughter with family and friends. Adjacent to the living room, the well-designed kitchen awaits, offering an ideal setting to channel your inner chef. The eat-in area is perfect for casual meals, while the large pantry and built-in shelving ensure ample storage space for culinary delights and decorative treasures. The sleek tile floor and backsplash exude modern charm, complementing the stainless steel appliances that make cooking a pleasure. Down the hall, the practical laundry room and half bath add to the ease of daily living, keeping everything effortlessly organized. On the other side of the living room, discover the tranquil haven of the primary suite. The spacious bedroom offers the perfect retreat for rest and relaxation. As the sun bathes the room in natural light, you’ll feel energized and rejuvenated. The massive primary bath becomes your private spa, with a luxurious jet tub where you can soak away the stresses of the day. The elegant tile floors extend through the shower, while the double vanity provides ample space for morning routines. Connected to the primary suite, a delightful sitting room beckons, with its vaulted ceilings and access to the back deck, inviting you to savor peaceful moments and enjoy the beauty of the outdoors. As you venture upstairs, a versatile loft area presents endless possibilities. Create a cozy reading nook, a home office, or a playroom for the little ones. Two spacious bedrooms offer comfort and space for family or guests, while the full guest bath ensures everyone’s needs are met. Outside, the deck and patio become your personal oasis for entertainment and relaxation. Host unforgettable gatherings, bask in the warm sun, or simply enjoy the tranquil ambiance of the surrounding nature. Nestled on an open corner lot, this home is adorned with a 2-car garage and a circle drive, offering both convenience and curb appeal. This enchanting home provides the canvas for cherished memories and endless moments of joy. With ample space inside and out, you’ll find the perfect balance of comfort and functionality for a life well-lived. Conveniently located near the front gate and just a short walk to a marina with lake access.
Lake of the Woods is a private, secure community with two lakes, a golf course, an equestrian center, and more. Boating, golfing, kayaking, and breathtaking views await. Join clubs, volunteer, and make memories. Low taxes and diverse homes make it perfect for residents and weekenders. Come see for yourself! Tour by boat and car available.
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.
Welcome to this charming colonial home, nestled in a picturesque neighborhood, boasting main-level living with five bedrooms and two baths. As you step into the home, you’re greeted by a warm and inviting atmosphere. The main level features a spacious and functional floor plan, with a bedroom conveniently located near the laundry room and full bathroom. This bedroom can serve as a private retreat, perfect for multi-generational living, or can be utilized as versatile flex space, such as a home office, playroom, or additional living area. The heart of the home is the living area, featuring a cozy fireplace and large windows that bathe the space in natural light. The well-appointed kitchen makes it a perfect spot for family gatherings and entertaining. As you venture to the second floor, you’ll find four additional bedrooms, providing plenty of room for family and guests. The bedrooms are bright and spacious, offering comfort and privacy. The shared bathroom is conveniently located to serve all the bedrooms, making it functional and practical for daily living. One of the standout features of this home is the location! A short walk takes you to lake access at a marina, where you can enjoy picturesque views and fishing. Cornwallis Beach, is also within walking distance, offering endless opportunities for relaxation and fun by the water. Whether you’re looking for a multi-generational home, a place with options for flexible living spaces, or a serene location near the marina and beach, this colonial home is a must-see. Don’t miss the opportunity to make this house your dream home!
Located in 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 volunteer 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 $200,000+ 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!
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.
Welcome to this charming Dutch colonial home nestled in a serene setting, offering a warm and inviting atmosphere for you and your family. Step inside and be captivated by the beautiful hardwood floors that flow seamlessly throughout the main level, adding a touch of elegance and timeless appeal. The heart of this home is the gorgeous eat-in kitchen, complete with granite countertops, stainless steel appliances, and a six-burner gas stove, making it a chef’s dream. The spacious living room is perfect for gatherings and boasts a formal dining room for special occasions, creating a perfect setting for entertaining guests. One of the main level highlights is the ensuite, providing ultimate convenience and privacy. The sunroom offers breathtaking views of the 9th hole of the PGA Pro golf course, allowing you to relax and soak in the serene scenery from the comfort of your home. As you make your way to the upper level, you’ll find the primary bedroom and three additional generously sized rooms, providing ample space for everyone. The hall bath offers additional convenience and functionality for the family. This Dutch colonial home offers the perfect blend of modern amenities and classic charm, with hardwood floors, a country eat-in kitchen, storage galore, and stunning views of the golf course. Don’t miss the opportunity to make this your dream home!
Located in 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 volunteer 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 $200,000+ 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 what’s to love in 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 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.
This magnificent three-bedroom, two-and-a-half-bath, golf course home is a true masterpiece, featuring a gourmet kitchen and expansive windows across the back of the house, allowing you to bask in the beauty of the outdoors while enjoying the comfort of being inside. The main level offers spacious living with a primary en-suite bedroom, catering to those who prefer main-level living. The living room boasts built-ins, and a gorgeous stone fireplace, enhancing the charm and appeal of this exceptional home. On the lower level, you’ll discover two more bedrooms and a full bath, in addition to a massive family room, ensuring ample space for family and guests. The walk-out basement leads to a delightful sitting area, providing an ideal setting for entertaining and enjoying the tranquil surroundings. The all-brick fireplace features a wood stove and creates a cozy ambiance on chilly evenings, while the screened porch is the perfect spot for sipping your morning coffee. The deck offers breathtaking views of the golf course, making it a fantastic spot for relaxation and entertainment. Situated in a community filled with amenities, you’ll have access to all you need for an active and social lifestyle, including pools, tennis courts, walking trails, and more. Golf enthusiasts will adore this home, with the golf course (7th tee) just steps from the back door. This home is a rare gem, offering the perfect blend of luxury, convenience, and natural beauty. Don’t miss the opportunity to make it yours!
Located in Lake of the Woods, 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 volunteer 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 $200,000+ 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 what’s to love in 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 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.
Looking to build your dream home with walk-out basement capabilities in an amenity-rich community? You’ve found the perfect lot enhanced by mature hardwoods and a location close to the back gate. You’ll be wowed by the lifestyle that awaits. Located in 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 volunteer 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 $300,000+ 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 what’s to love in 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 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.
Welcome to your dream home! This stunning property offers three bedrooms, two full baths, and a sprawling 2347 square feet of living space. The three-car garage, complete with built-in shelving, provides ample storage for vehicles and belongings. No more cluttered garages or searching for tools and equipment – everything will be right where you need it. As you enter, you’ll be greeted by an inviting foyer and gorgeous hardwood floors that extend throughout the home. To your right, you’ll find two spacious guest bedrooms and a full bath. All bedrooms in this home feature charming Dutch doors, adding character and style to the space. Moving down the foyer, you’ll discover the large open and airy eat-in kitchen, featuring a window bench, soapstone countertops, custom cabinetry, and plenty of storage, including a pantry and gas cooking. The living room boasts oversized windows that showcase beautiful views of the expansive flat backyard, which backs to parkland. Relax by the cozy gas fireplace that features a barn beam mantle on chilly days, or enjoy your morning coffee on the screened porch overlooking the private backyard. The primary ensuite is located on the opposite side of the home from the guest bedrooms, providing privacy and tranquility. The primary bath features stunning accent walls, custom-made shutters, a double vanity, a tile/stone shower, and a soaking tub. The large walk-in closet offers plenty of space for all your wardrobe needs. The laundry room is equally impressive, complete with built-in shelving, a dog kennel, and ample room for ironing and folding clothes. The loft, featuring built-in bookcases, offers endless possibilities for use as a lounge, office, or guest sleeping quarters. Don’t miss the expansive storage closet off of the loft for all the extras. Schedule your showing today and discover why this custom-built house is the perfect home for you!
Located in 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 volunteer 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 $200,000+ 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 what’s to love in 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 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.
Sell your home faster with these easy repair and design tips
Minor improvements can make a big difference
Contact us to sell your home for top dollar in 2023
Thinking about selling your home in 2023? Your property’s interior and exterior look and feel have a direct impact on the final sale price of your home. Investing in minor improvements such as paint, flooring, or furniture creates an inviting atmosphere and draws potential buyers. Before you list your home, try these proven tips to help get you every penny your home is worth!
Remove extra clutter in your home
A home free of clutter can help potential buyers see the true beauty in your space. Not only does removing the clutter make viewing easier, but a clean room shows that you take care of your home. Removing items blocking walkways or other essential areas allows buyers to better imagine their furniture and possessions in each room. Decluttering also helps you keep organized as you move out, simplifying the packing process. Don’t let unnecessary objects get in the way of potential buyers seeing how great your space is!
A fresh coat of paint goes a long way
Neutral colors make a home appear clean, open, and inviting, so painting the walls in a neutral shade is a must for anyone getting ready to sell their property. Neutral colors help buyers envision the space as their own – allowing them to mentally plan how they’ll use the rooms in their new home. Plain colors can also make furniture and other decorations stand out, so they don’t have to worry about adjusting pieces to match what was already on the walls. Utilizing neutral colors will give potential buyers an idea of how a room would look if decorated with their own style and personality.
Entice homebuyers as soon as they arrive
Increasing your home’s curb appeal is an easy and satisfying way to give your living space a fresh look. By tidying up the yard and enhancing the house’s exterior, you can create an inviting atmosphere that potential buyers will love coming home to. Taking care of the lawn can be as simple as mowing regularly or adding potted plants and foliage that match your decor style. Paying extra attention to specific details, like painting the front door, can help your property stand out nicely. An easy and inexpensive option to add instant curb appeal is to have your house power-washed. With just a little effort, you can craft a stunning outdoor environment that will draw admirers far and wide.
Let’s Discuss Your Real Estate Goals
If you’re thinking about selling your home in 2023, right now is the best time to start getting ready. Contact our team to discuss your real estate goals so we can help you build a smart strategy for selling. Our team has the local experience you need and backs our advice with the latest market data for your neighborhood to help you get top dollar for 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 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.
