Tag Archives: real estate market

June 2022 Lake of the Woods Virginia 22508 Real Estate Market Statistics

In June, 35 homes were SOLD in Lake of the Woods.

1 sold below $250,000.00
4 sold between $250,000-299,999;
8 sold between $300-349,999;
8 sold between $350,000-399,999;
9 sold between $400-499,999;
4 sold between $500,000-$999,999;
1 sold over $1,000,000.

38 Active/Coming Soon Listings for Sale
32 Homes Under Contract
151 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.

8 Curb Appeal IDeas to Add Value to your home

8 Curb Appeal Ideas to Add Value to Your Home

Even though it’s a cliché, first impressions matter a lot in real estate. Yes, some purchasers may require a few days to mull it over. But, for the most part, buyers are smitten with a house the minute they pull up to its driveway and see it for themselves. Appraisers will also value your home mostly by the first look. So, you’ll definitely want the landscape to look great. Also, according to statistics, now could be the best time to sell – and you’d want to do it for top dollar. So, here are some curb appeal ideas to add value to your home.

1# Make it sophisticated

When it comes to house sales, properties with elaborate landscaping—such as curving bed lines and huge island plants—tend to get a higher price tag, according to real estate stats. The landscapes with huge deciduous, evergreen and annual color plants sold better than those without these types of plant materials. Planting beds, according to experts at orangemover.com, are an affordable and low-lift option to add aesthetic interest, texture, and color. You may use them to make your lawn seem fuller even when the grass is well cut and trimmed.

2# Make it green

You can’t go wrong if you have trees in your yard. In addition to providing shade and removing carbon dioxide from the atmosphere, trees will add value to your exterior. Trees also have a way of making a house seem more like home. They provide a feeling of continuity between a home and its surroundings as well as a connection between the people who live there and their surroundings. The best way to choose a tree is to think about the function it will serve. Deciduous trees are a good pick if you want additional shade in the summertime. When the trees lose their leaves in the winter, they allow some light into your yard. In addition, they may possibly save you money on your utility bills!

A big tree in a yard is one of the best curb appeal ideas to add value to your home.
A big tree will provide not only you shade but also privacy on hot summer days

3# Rock your exterior design with some rocks

Adding a low-maintenance focal point to your yard is easy with a beautiful rock bed. Tossing random rocks, on the other hand, is a bad idea. If you want a traditional “rock” aesthetic but don’t want to shell out hundreds of dollars for a 400-square-foot area, consider using decomposed granite or trap rock. Also, avoid using limestone since it decomposes fast and turns into debris. If you decide on bigger individual stones, seek smooth and spherical ones. These will endure longer and generate less unpleasant, gritty rock-garden waste that weeds enjoy.

4# Fiberglass doors are one of the best curb appeal ideas to add value to your home

When it comes time to put your house on the market, a fiberglass front door might help you recuperate some of your investment. There are also other advantages. They’re more energy-efficient than traditional wooden front doors, just like steel ones. In contrast, steel doors are prone to rust and corrosion over time and will not look good, no matter how good your home staging is. With fiberglass, you won’t have to worry about unattractive dents and corrosion.

5# Decking made of composite material is a big yes

Wooden decks are beautiful, but maintaining their waterproof qualities demands a lot of time and effort. Composite decking, on the other hand, has a long warranty. It requires no sealing, staining, replacement of rotting boards, or danger of termites, extending the life of the deck and saving you thousands of dollars over the course of its existence. Composite decking comes in three varieties:

  • Polyethylene-based
  • Polypropylene ones
  • Polyvinyl chloride (PVC)

6# Make sure your landscape reflects the design of your house

How can you get the most out of your landscaping dollars? It’s about making sure your landscaping truly compliments your home’s design. Craftsman-style homes should be given basic and traditional landscaping, such as a bed of vividly colored flowers or well-structured shrubs. If you want your house to be called a breathtaking home in the market, modern additions like koi ponds and lavish fountains that appear as if they belong in Caesar’s Palace should be avoided at all costs.

A white-bricked house.
Sometimes, just a bed of vividly colored flowers makes all the magic.

7# Make your front yard look simple yet trendy

We’ve already mentioned the importance of greenery in the presentation. But, we picked up a few more sneaky tricks from professional movers. It is important to keep up with trends in order to boost your home value, and the trend right now dictates that ‘less is more. What does that actually mean in terms of front yard remodeling? It is important to add some greenery to your presentation, but it’s also important to pick only a few different kinds that will look good together. The other key to success is to pick wisely and choose the kinds of plants that don’t need too much maintenance. That way, you’ll save money and make trendy and harmonious curb appeal.

8# Light it up—but functionally

As a reward for your efforts, ensure you can always see the results of your hard work. Landscape lighting will draw attention to your home’s architectural elements and most eye-catching vegetation. In addition, the project is very cost-effective and easy to implement. Also, who doesn’t like a good and functional light show in their yard? Smart lighting will surely add to your home’s value. If you really want to go all-in, you can make adjustable lighting that will be able to tone it down and allow a buyer to enjoy star gazing under Virginia’s sky.

Light bulbs and plants.
If you put some creativity in, you can make an exceptional exterior design with simple light bulbs.

Bottom line

So, there you have it—a ticket to a better home sale. If you apply at least two of these curb appeal ideas to add value to your home, you’ll be on a great path to a good deal. Even if some of these are inapplicable to your situation, be smart and adjust. The most important thing is to think like a buyer. When you see all the flaws clearly, you can focus on fixing them. Just then, there will be a great reward in money return.

Photos used:

https://unsplash.com/photos/178j8tJrNlc

https://unsplash.com/photos/ITzfgP77DTg

https://unsplash.com/photos/-dcznEJPmsk

https://unsplash.com/photos/UmFfm2XjLgY

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.

218 creekside rd, lake of the woods virginia 22508

218 Creekside, Lake of the Woods Virginia 22508 SOLD! by Licata Group EXP Real Estate Advisors!

You’ll be astonished by the amount of space, architecture, and added detail and privacy found in this move-in ready, well-maintained home! Boasting 5 bedrooms and 3 full baths, this split floor plan would be ideal to accommodate an in-law suite, classrooms, craft rooms, or office area away from the main living areas and other bedrooms. New flooring in the main living areas, cathedral ceilings, expansive windows to appreciate the privacy of parkland, and spacious kitchen that can easily accommodate two chefs can be yours! Did I mention two decks?? One is accessible from primary suite, while the other flows from kitchen. Imagine your new lifestyle in a home that offers it all!

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 $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 contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

104 monument rd, locust grove virginia 22508 for sale

104 Monument Rd, Lake of the Woods Virginia 22508 SOLD by Licata Group EXP Real Estate Advisors

Welcome to 104 Monument Road! This lovely, traditional well kept home offers beautiful hardwood floors in the living room and boasts a cozy pellet stove. You’ll love the eat-in kitchen with access to the quiet deck with plenty of privacy.  The beautiful luxury vinyl flooring in the kitchen flows into the brand new half bath and laundry room making for an easier lifestyle. The main level also boasts the primary bedroom suite with double closets. A bright skylight leads you upstairs to the large bedrooms and the plentiful storage. Enjoy the private & quiet backyard on the spacious deck with wooded views. The one car garage offers storage with access into the kitchen. Stop by and see yourself living in this lovely home!  

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 $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 contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

May 2022 Lake of the Woods Virginia 22508 Real Estate Market Statistics

In April, 31 homes SOLD in Lake of the Woods.

3 sold below $250,000.00
3 sold between $250,000-299,999;
5 sold between $300-349,999;
5 sold between $350,000-399,999;
9 sold between $400-499,999;
4 sold between $500,000-$999,999;
2 sold over $1,000,000.

35 Active/Coming Soon Listings for Sale
43 Homes Under Contract
115 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 contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

11 Basalt Fredericksburg VA 22406 Home For sale

11 Basalt Drive, Fredericksburg VA 22406 Home SOLD by Licata Group EXP Real Estate Advisors LLC!

Welcome to 11 Basalt Drive! If you are looking for a home with private access to Lake Moony, this is the one! Gorgeous hardwood floors throughout this 5 bedroom home. Full of natural light, you will breeze through each room with ease. This home has room to spare, from the large bedrooms, to the basement rec room, to the backyard where you can take in all the wonder nature provides. Comfortable and sizeable, your family & friends will love making memories with you. The full basement with a kitchenette has a walk-out to the expansive backyard on the beautiful stone pathway as you make your way to the lake. Lake life here couldn’t be better! This one is sure to go FAST!

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.

1229 Lakeview Pkwy, Lake of the Woods Virginia 22508 SOLD by Licata Group EXP Real Estate Advisors

Welcome to 1229 Lakeview Parkway! Why wait for new construction??? Abundant natural lighting and gleaming hardwood floors enhance this two-year-old, better-than-new, 4+ bedroom home in amenity-rich Lake of the Woods, providing more than 3000 sq ft of finished excellence! The spacious family room and adjoining kitchen are sure to be a favorite gathering spot for family & friends. The kitchen boasts gorgeous granite countertops, a generously sized island, and an eat-in dining area with access to the spacious backyard. The upper level hosts four bedrooms for quiet retreats, including the spacious primary bedroom offering an en-suite bath with a walk-in shower, a luxurious soaking tub, and a huge walk-in closet. Not to miss is the fantastic finished basement! This quiet, private space provides ample flex space with two electric fireplaces surrounded by stone. These focal points are impressive as well as functional. Let your imagination run wild with this fabulous space! A bonus not to code lower level fifth bedroom offers extra flex space as well as a full bathroom. Close to Sweetbriar Park, Hollyfield Park and Cornwallis Beach, this home has all you need for comfortable lake life!

https://youtu.be/0TqCNB5MBf4

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 $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 contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

April 2022 Lake of the Woods Market Statistics

In April, 24 homes SOLD in Lake of the Woods.

1 sold below $250,000.00
3 sold between $250,000-299,999;
5 sold between $300-349,999;
6 sold between $350,000-399,999;
4 sold between $400-499,999;
5 sold between $500,000-$999,999;
0 sold over $1,000,000.

25 Active/Coming Soon Listings for Sale
39 Homes Under Contract
85 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 contact Pat Licata

100 crystal ct, lake of the woods virginia home for sale

100 Crystal Ct, Lake of the Woods Virginia 22508 Home SOLD! by Licata Group EXP Real Estate Advisors

Welcome to 100 Crystal Court! Gleaming hardwood floors and bright lighting are throughout this well-maintained home. The elegance of the living room with a vast cathedral ceiling is the focal point of this home and the favorite room for the designer in you during holidays. An eat-in kitchen boasts ample counter space and cabinets sure to please the chef. Spacious bedrooms and main floor primary bedroom and en-suite bathroom is a haven for privacy and comfort. Upstairs you’ll find two more spacious bedrooms, loft area, and full bathroom. Relax and enjoy the beautiful lake weather with your favorite beverage in the screened-in porch or on the sunny deck. The rare find of this home is that it has a full unfinished basement with amazing amounts of potential flex space!

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 $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 contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Should You Be Worried About a Housing Bubble?

Key Takeaways:

  • Real Estate Bubbles: what are they, are we in one now, and why there’s no cause for alarm.
  • It’s natural to compare today to 2008, but this housing market is vastly different.
  • You can lean on our expertise! We’ve seen all types of markets, so reach out with questions.

With home prices soaring to levels never before seen, it is undeniable that the U.S. housing market is in uncharted territory, with many industry experts speculating that we’re in the midst of yet another housing bubble. However, like snowflakes, every bubble is created differently and is unique.

As mortgage rates rise and rumors of another crash in the housing market fill the news cycle, it may be tempting to get cold feet and postpone your homeownership dreams. But as we’ll explore below, it’s essential to understand the anatomy of housing bubbles, what causes them and why it’s a term you needn’t fear.

What exactly is a bubble within the housing market?

house property prices bubble of the investment loan interest rate on mortgage

In basic terms, a real-estate bubble is a temporary economic event that occurs periodically and refers to an increase in the overall value of the housing market. When a bubble grows, home values increase; when a bubble pops, property values decrease.

Simple enough, but, what causes the housing market to experience bubbles?

Traditionally, the Law of Supply and Demand dictate a property’s market value. For example, when the demand for housing is high, and supply is low, home prices often rise, typically resulting in a seller’s market. Conversely, when housing supply is high but demand is low, market values fall, resulting in a buyer’s market. However, additional factors such as speculative investing, FOMO (Fear Of Missing Out) panic buying, and risky lending (such as occurred in the 2008 Housing Crash) are all elements that influence the growth and burst of housing market bubbles.

Why you don’t need to fear housing bubbles

Loving young couple looking at dream house.

We can always count on the old axiom in real estate: “You can never enter the same river twice.” (Fun fact: Greek philosopher Heraclitus came up with that lasting gem!)

What is meant by this is that history does not strictly repeat itself, and for us today in the real estate market, that means that it’s not 2008. As mentioned above, though the market moves in cyclical fashions, most experts do not believe that The Great Recession is repeating itself in today’s market.

2022 is not 2008 repeating itself

Young woman holding home keys while hugging boyfriend in their new apartment after buying real estate.

The infamous U.S. housing bubble of the mid-2000s had its origins in the unprecedented growth of the subprime mortgage market. Additionally, U.S. government-sponsored mortgage lenders Fannie Mae and Freddie Mac made home loans accessible to borrowers with low credit scores and a higher risk of defaulting on those loans.

None of this is happening today.

The current market demand is not the result of easy lending. Instead, today’s rising property values result from the natural market forces of a low supply in housing inventory meeting high demand. But with new home construction expected to surge in the second half of the year, this will help ease demand in the future and stabilize the market overall.

Regardless of whether you’re selling your home or are a first-time homebuyer, the key takeaway for you is this: today’s high home values are not likely to crash any time soon, so it is as good a time as any to enter the market.

You Can Count on Us in Uncertain Times

If you’re feeling unsure about whether to buy or sell a home right now, reach out and rely on our expertise to guide you to make a sound financial decision. Our team has the experience and knows our local market, so contact us today and we’ll work with you to find the right strategy for your situation.

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.