Tag Archives: virginia real estate

Enjoy 245ft of Water Frontage From This Unique Lake of the Woods Home! 111 Boxwood Trail Now SOLD!!!

Your private, tranquil lake retreat boasting 245 ft of water frontage on approx 1 acre w/ spectacular sunsets & incredible lake views–a true wildlife paradise–awaits! The architecture at 111 Boxwood Trail is simply amazing in this 1 level, 1-of-a-kind custom home! Ponds, tea house, outdoor shower, & decking grace the exterior. You’ll love the lifestyle: lakes, pools, golf, horse trails, Clubhouse, & so much more!

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 and co-op preschool 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 $1,000,000, 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 Advisers 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.

6301 Stevenson Ave CONDO in Alexandria Virginia SOLD! SOLD! SOLD!

6301 Stevenson

What an opportunity! This pristine, corner unit in sought-after Olympus is ready for you to move in and start enjoying the convenience of the spectacular location! Property boasts three bedrooms, a modern kitchen and wonderful evening views from the abundant windows and your private balconies! Not to mention, two private parking spaces near the elevator! Condo fee includes the parking fee, electric, water and sewer! Hurry, this one will not last long!

 

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. 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.

Thinking of Selling Your Home in the Next 18 Months? This is for You!

Home Seller Seminar!

If you are thinking of selling within the next 18 months, this is where you need to be on March 9th!
There will be many local vendors that are there to help you!  We have a trusted lender attending, professional photographer, and a home inspector, just to name a few. We want to provide you access to all the resources you will need to sell your home for the most money in the least amount of time.
You will have the opportunity to ask questions not only to the listing agent, but also the vendors that will be presenting.
Selling your home doesn’t have to be a hassle and we want to make sure you have all the information you need so you know what to expect!
Please join: Licata Group on Saturday, March 9th from 11am – 1pm at the Lake of the Woods Clubhouse in Locust Grove.
RSVP by March 4th by email: jane@licatagroup.com or phone 540-388-2541.

Reserve your spot today!!!
Light refreshments will be served.
See you there!
Home Seller Seminar

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. 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.

 

213 Beachside Cove, Lake of the Woods VA SOLD!!!

Don’t miss out on this property! You are welcomed by the quaint front porch as you enter the open concept, one-level-home with seasonal views on the main lake: this house is ready to move in and situated close to the main gate! New roof, new skylights, new bathroom and new garage door. On top of that: hardwood floors throughout, Andersen windows, Next-Door-Blinds and SS appliances. Enjoy the comforting stone fireplace framed by built in shelving. Home has sought after split bedroom floor plan, each with attached bath. Separate outside (and inside) access to the office/3rd bedroom. Enjoy Lake of the Woods, a gated community with enough to do for the young (at heart), lakes, beaches, tennis courts, pools, restaurants/bar and all the other excellent amenities. Easy access to I95 and Northern Virginia, Washington, Charlottesville and Richmond.

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. 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.

November 2018 Lake of the Woods Monthly Statistics


By Pat Licata-REALTOR
In Lake of the Woods for November 2018 the statistics are as follows: A total of 14 homes were sold, all of them were standard sales.  Two homes sold for under $175K, nine homes sold between $175-250K, three sold between $250-350K, and none were sold over $350,000.  Additionally, one lot was sold that was under $15,000.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. 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.
It’s another beautiful day at the lake!

CUSTOM BUILT HOME FOR SALE IN LAKE OF THE WOODS!

Welcome to 118 Jefferson Ave!

Make this custom built property your home! Boasting 3 bedrooms, 3 full bathrooms as well as sun-room, family room, dining room and a cozy living room open to the kitchen, you will not want for more space! The cathedral ceilings, three fireplaces, Bose sound system and large covered porch add extra comfort and character. Feel like venturing out; enjoy the lakes, golf, dining, pools, stables & more! Offered at $331,400!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. 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.

1310 Eastover-Waterfront on Keaton Lake – SOLD!!

Welcome to 1310 Eastover Pkwy

1310 Eastover Parkway, Waterfront on Keaton Lake! You’re all set for fun and sun in the water from your dock or serenity from the extensive deck surrounded by trees! This gorgeous home offers a welcoming 2 story foyer, gleaming hardwood floors, & large windows for light! Curl up in the window seat w/ a cup of coffee & a book or gather around the fireplace to share the day’s events! Plus all the lake has to offer; swimming, golf, stables & more!

 
Whether you’re looking for homes for sale in Lake of the Woods Va or Waterfront property in Virginia or homes for rent we are your proven Real Estate professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove and Central Virginia. Thinking of selling? In any market condition, that’s the #1 question asked by home sellers. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. The question is how much is it worth? 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!
 

October 2018 Lake of the Woods Monthly Statistics


By Pat Licata-REALTOR
In Lake of the Woods for October 2018 the statistics are as follows: A total of 13 homes were sold, all but one of them were standard sales.  One home sold for under $175K, seven homes sold between $175-250K, four sold between $250-350K, and one sold that was over $350,000.  Additionally, 5 lots were sold that were between $17,000 and $36,000.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia, we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove and Central Virginia. We are your proven Real Estate professionals. Thinking of selling? In any market condition, that’s the #1 question asked by home sellers. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. The Question is how much is it worth? 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: LOW Active Listings.
It’s another beautiful day at the lake!

Watch Dirty Dancing with the Licata Group at Lake of the Woods!

Watch Dirty Dancing with the Licata Group at Lake of the Woods!

Move Night with Licata GroupWhen: Saturday, September 29th, 2018.
Time: 7:30PM – 10PM.
Where: Sweetbriar Park at Lake of the Woods
What: Watch DIRTY DANCING on a projected screen.
FREE ADMISSION – Please RSVP at 540-388-2541 to reserve your spot!
Snacks will be provided.
All Lake of the Woods residents and their guests are invited to come and attend Movie Night with the Licata Group. Tell your neighbors, invite your friends. 
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. Thinking of selling? In any market condition, that’s the #1 question asked by home sellers. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. The Question is how much is it worth? 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.