Lake of the Woods, VA Market Stats
as of May 25, 2016
Welcome to another addition of your Locust Grove and lake of the Woods market update!
Currently, there are 121 active homes on the market ranging from $875,000 to the $50,000 auction home located at 307 Limestone Lane.
According the the multiple listing service there are 43 homes under contract and 72 homes have sold in Lake of the Woods since January 1st, 2016. For the same time period this time last year there were 63 homes that sold: a healthy increase of 14.29%
One reason for the increase in activity is directly related to the decrease in "year-over-year" interest rates from 3.94% down to 3.76%. The 15 year fixed rate is currently at a very affordable 2.98%
If you are looking to buy or sell a home in the central Virginia area please call REALTOR Sean Jones for all your real estate needs. 540-360-5166