Tag Archives: real estate

Fredericksburg to Increase Real Estate Taxes

Starting July 1 of this year, residents of Fredericksburg will see an increase of their real estate taxes along with their water and sewer bills.
On Tuesday, City Council unanimously voted to increase the tax rate from 77 cents to 80 cents per $100 of assessed value of real estate for fiscal year 2018. They also unanimously approved a 2% increase in the water rate and 4% sewer rate increase.
This tax raise is predicated to bring in about $1,185,000 in additional revenue which $790,00 of the increase will go towards the general fund for use by the city & city school system. The remaining $395,000 will go towards the city’s stormwater-management programs.
For more information please visit: Fredericksburg.com

Low Inventory & More Buyers, What Does This Mean for You?

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According to Zillow data the houses in the United States listed in early May tend to sell 18.5 days faster than the average listing and for nearly 1% more of the average price!
There is still low inventory of houses on the market across the country, which has influenced the prediction of the May trend. Before, homes listed between mid-March and mid-April sold quicker and for the highest price.
Another influence is weather. Here on the east coast when the colder weather sets in, houses tend to sit on the market longer. With warm weather right around the corner, Zillow’s predictions for the Washington, DC market (which is the market closest to us in Locust Grove/Fredericksburg, VA) the ideal time to list your home is April 16 – April 30th and it will have a faster than average closing time of 18 days.
Inventory is low – let us help you sell your home today!
We may already have a buyer ready for you!
Contact Pat Licata today.

Real Estate Stats for Lake of the Woods, VA-Jan 2016

Lake of the Woods, VA, Real Estate Stats for January 2016 By Pat Licata REALTOR®
houseforsale1In the month of January, a total of only 4 homes were sold. 3 were standard sale, 1 between $100-$175K, 1 between $250-350K, and 1 over $500K. There was 1 foreclosure in the $100-175K price range. There weren’t any short sales sold in January, and no lots sold either.
However, don’t let those low January real estate stats fool you. February is hot! Within the last two weeks, 4 of my listings have gone under contract, I just received an offer on another listing, and my team has written two offers for buyers. If you are thinking of selling in the not-so-distant future, check out this blog post for some tips to make it easier when the time is right for you: Tips for LOW Sellers
Here’s a link to real estate currently for sale in Lake of the Woods: LOW active listings
It’s another beautiful day at the lake!
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Lake of the Woods Market Stats Through 11/30/15

Lake of the Woods Market Stats Through 11/30/15 By Pat Licata-REALTOR
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In Lake of the Woods in October, a total of 14 homes were sold. 11 were standard sale, of which three sold between $100-$175K, two between $175-250K, and six between $250-350K.  There was one foreclosure at  under $100k, and three in the $100-175K price range.  There were two short sales, both selling between $175-250K. 5 lots also sold, two of which closed for over $100K.
Here’s a link to real estate currently for sale in Lake of the Woods: LOW active listings
It’s another beautiful day at the lake!
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September 2015 Real Estate Statistics for Lake of the Woods, VA

September 2015 Real Estate Statistics for Lake of the Woods, VA By Pat Licata REALTOR®
houseforsale1In the month of September, a total of 18 homes were sold. 17 were standard sale, 3 between $100-$175K, 10 between $175-250K, 2 between $250-350K, 1 between $350-500K, and 1 over $500K. There was 1 foreclosure in the $100-175K price range. There were no short sales in August.  Three lots also sold, and they all closed for under $100K.
Here’s a link to real estate currently for sale in Lake of the Woods: LOW active listings
It’s another beautiful day at the lake!
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August 2015 Real Estate Statistics for Lake of the Woods, VA

August 2015 Real Estate Statistics for Lake of the Woods By Pat Licata REALTOR®
houseforsale1In the month of August, a total of 17 homes were sold. 13 were standard sale, 4 between $100-$175K, 4 between $175-250K, 3 between $250-350K, 1 between $350-500K, and 1 over $500K. There were a total of 4 foreclosures, 1 under $100k, and 3 in the $100-175K price range. There were no short sales in August.  Two lots also sold, and they both closed for under $100K.
Here’s a link to real estate currently for sale in Lake of the Woods: LOW active listings
It’s another beautiful day at the lake!
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Aerial Tour of Lake of the Woods, VA!

Aerial Tour of Lake of the Woods! By Pat Licata REALTOR

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.