Locust Grove, VA Housing Market Update

 

Local market activity shows the average Median estimated Home Value at $257,000 which is up from last year by 4.2%.  The Median Listing Price comes in at $269,000 which is up 7.8% from last year.  With values and prices going up, the average Median Days on the Market has moved to 81 days, which is down 26.4%.  The Average Sales Volume is 19, and that is down 61.2% from last year.

As of  5/18/2018, there are 136 Active Listings | 57 Under Contract | 109 Sold (as of 2-01-2018)

 

 

Locust Grove VA

Locust Grove, named after the Black Locust trees common to the area, was established in 1714 by Lieutenant Governor Alexander Spotswood as a German settlement. The area was considered the westernmost frontier “the wilderness” of Virginia. There, Spotswood built a home on a portion of the Rapidan River he referred to as Porto Bella, which means “Lovely Harbor”.

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Local Real Estate Listings for Locust Grove VA

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 Virginia is for Lovers | Locust Grove

Lake of the Woods VA

Lake of the Woods (LOW), a gated community in Locust Grove, VA is located in the northeastern portion of historic Orange County, VA approximately midway between the town of Culpeper and city of Fredericksburg on route 3. Just a fifteen minute drive, off of route 95, exit 130, Lake of the Woods was developed in the late 1960’s. This eclectic community in Locust Grove, VA has since that time evolved into a special community shared by permanent residents; those who use their property as a weekend get-away; and others who stay for the summer or winter seasons.

The Lake of the Woods community in Virginia consists of over 4,000 lots with over 800 lakefront properties and homes on either the main lake or the smaller Keaton Lake, also known as the fishing lake. The main lake is a spring-fed 550 acre body that offers some of the clearest lake water in Virginia, along with some of the best fishing for large-mouth bass in the region. A variety of water sports take place on the main lake, including all types of water-skiing and wakeboarding, tubing, sailing, rowing, kayaking, canoeing, stand-up paddle boarding, or many prefer cruising the lake on their jet ski, pontoon boat or powerboat and just enjoying the beauty of the lake.

This gem of a community, where everyone waves and talks to their neighbors, is located just a 75 minute drive from most Washington DC locations. The pace is a little slower, the people a little friendlier, and life is a little better here at Lake of the Woods VA. Take a minute to visit, and “you’ll want to make this place your home”!

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