In October, 24 homes sold in Lake of the Woods. 1 sold between $130-200,000; 4 sold between $200-249,000; 6 sold between $249,900-299,000; 9 sold between $300-399,000; 2 sold between $400-599,000; 1 sold between $500-699,000; 1 sold over $700,000+
27 Active Listings for Sale 51 Homes Under Contract 264 Homes Sold since January 1, 2020.
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.
Over the years, we have made it our mission to be the #1 performing brokerage in Lake of the Woods and Orange County. When we prepare your property for sale, negotiate on your behalf, and ensure that your home is sold in the least amount of time for the highest market value, we go above and beyond to provide you with the absolute best results. Our numbers prove it! Allow us the opportunity to present our proven, repeatable system that will work for you. Call us at 540/388-2541!
We look forward to continuing to provide you with the best service and being your preferred Real Estate advisors!
In July, 35 homes sold in Lake of the Woods. 2 sold between $130-200,000; 6 sold between $200-249,000; 8 sold between $249,900-299,000; 13 sold between $300-400,000; 0 sold between $400-500,000; 4 sold between $500-600,000; 1 sold between $700-900,000; 1 sold over $1,000,000.
31 Active Listings for Sale 54 Homes Under Contract 171 Homes Sold since January 1, 2020.
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.
In May, 19 homes sold in Lake of the Woods. 1 sold between $130-200,000; 7 sold between $200-249,000; 7 sold between $250-299,000; 4 sold between $300-400,000;
44 Active Listings for Sale 61 Homes Under Contract 93 Homes Sold since January 1, 2020.
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.
In April, 20 homes sold in Lake of the Woods. 2 sold between $130-200,000; 7 sold between $200-249,000; 5 sold between $250-299,000; 6 sold between $300-400,000;
66 Active Listings for Sale 48 Homes Under Contract 33 Homes Sold since January 1, 2020.
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.
The continued inventory shortage experienced by most regions of the country was evident in Lake of the Woods again in 2019. Listings increased only 6.4%, from 373 in 2018 to 397 in 2019, while closed sales were up 28.6%. New construction accounted for 30 of the 301 sales. The median sold price increased a healthy 8% year over year from $249,900 to $270,000.
Of the 301 total sales reported in 2019, only 5, or 1 1/2%, were either short sales or foreclosures. At the height of the distressed real estate market in 2010, a whopping 43% of all sales were either short sales or foreclosures.
So let’s look at our steady growth over the past five years:
In 2015, there were 247 sales, with 15% being distressed.
Those total sales represented almost a 30% gain over 2014, and the median sales
price was $210,000.
In 2016, the market was quite flat compared to 2015 in
regards to total sales, which held at 243 with a decrease in distressed sales
to 11.1. However, 2016 saw the median price jump to $225,000, a healthy 7.1%
increase.
In 2017, there were 294 total sales, a whopping 21.1%
increase over 2016 with only 5.8% being distressed. The median sales price
climbed to $239,000.
Average days on the market (DOM), which is the number of
days it takes from the time a property is listed until it goes under contract,
has steadily declined from 127 in 2015 to 57 in 2019.
It’s also telling to note that a significant number of lots
have sold in the past five years. From
January 1, 2015-Decemeber 31, 2019, 184 lots exchanged, with 41 occurring in
2019, down from 55 in 2018. There simply aren’t that many lots left in LOW.
New construction has been climbing, as well. 2015 realized
41 new construction starts; in 2016, there were 28; in 2017, there were 30; in
2018, there were 34; and in 2019, there were 48.
In 2020, according to Freddie Mac and the Mortgage Bankers
Association, mortgage rates are expected to stay within the 3.7-3.9% range.
The prognosis for 2020, as it was in 2019, is excellent! In LOW, there are 57 homes active on the market as of 1/14/2020. In January of 2018, there were 62. Low, stable rates and hopefully more inventory should propel us to experience healthy sales and appreciation.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
In January, 12 homes sold in Lake of the Woods. 3 sold between $130-200,000; 1 sold between $200-250,000; 4 sold between $250-300,000; 2 sold between $300-400,000; 2 sold above $650,000.
49 Active Listings for Sale 30 Homes Under Contract 12 Homes Sold since January 1, 2020.
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.
In December, 17 homes sold in Lake of the Woods. 4 sold between $200-250,000; 5 sold between $250-300,000; 6 sold between $300-400,000; 2 sold above $650,000.
60 Active Listings for Sale 20 Homes Under Contract 301 Homes Sold since January 1, 2019.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
In November, 16 homes sold in Lake of the Woods. 3 sold under $200,000; 6 sold between $200-250,000; 2 sold between $250-300,000; 4 sold between $300-400,000; 0 sold between $400-550,000; 1 sold above $550,000.
63 Active Listings for Sale 24 Homes Under Contract 283 Homes Sold since January 1, 2019.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
Get ready to hang the lights, deck the halls, and spread some cheer—the holiday season is almost here! Juggling the holidays along with a home sale might be sound impossible (or at the very least, stressful), but we’re here to help you find the best way to balance both.
Here are our top 4 tips for navigating your home sale during the holiday season!
Use Decor to Your Advantage
You don’t have to go all out with holiday decor, but a little seasonal warmth sprinkled here and there goes a long way! Hang some white lights along the staircase, add a wreath to the front door, and string some garland along the mantel. If you do opt for a tree, you’ll want to make sure it doesn’t crowd the room—perhaps even consider a tabletop version.
Bonus tip: scent is the sense most closely tied to memory, so use that to your advantage to appeal to buyer nostalgia! Bake some cookies beforehand, warm up a pot of cider, or light a few seasonally scented candles.
Be Flexible with Showings
While you’ll probably have a busy schedule over the next month or two, you should make sure it doesn’t affect your availability for buyers too much. One of the biggest reasons people hold off on selling during the holidays is because they can’t be around to prepare their home…but intentionally making room in your schedule will make the whole process much simpler!
If you usually host a holiday party, consider asking a friend or relative to step in for you. If you’re traveling, try not to be gone for too long, and make it clear to your agent and any potential buyers when you’ll be back.
Work with a Home Stager (or Get Tips from Your Agent)
If you either: A.) really don’t have time to stage or B.) don’t want to take any risks on your home not looking its best, then working with a qualified home stager is a great option! You might be skeptical, but home stagers have been specially trained and certified to optimize your space with the right decor and furniture—which often leads to faster and more profitable sales.
It’ll also take one more stressful task off of your plate, giving you more time to plan for the upcoming festivities. If you want a few recommendations for home stagers, just give us a call. Of course, we can always do a walkthrough of your home and offer personalized tips and DIY projects, if you’d prefer that!
Practice Smart Marketing
Marketing a home is the key to reeling in the right buyer. It’s even more important during the holiday season, since fewer—but more serious—buyers are on the hunt. That’s where working with an agent really comes in handy! You can sit back, relax, and plan for the holidays, while we take care of getting the word out about your home through our comprehensive marketing resources, including our website, social media platforms, local advertising, professional contacts, and more.
And, of course, we’ll crunch the numbers and do the research to ensure that your home is priced at the best number for your interests.
List Your Home this Holiday Season
Balancing a home sale and the holidays can be stressful…but not if you work with a professional! Enlist our help, and we’ll be around to carry some of your workload, reduce your stress, and sell your home for top dollar—and answer any and all of your questions along the way. Ready to list your home? We’re just a phone call away!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com
