Buying and Selling at Lake Anna
Buying a second home has become one of the fastest growing trends in the United States. Lake Anna being one of the largest freshwater inland lakes in Virginia makes it a second home paradise! Lake Anna’s proximity to Northern Virginia, Fredericksburg, Richmond & Charlottesville provides buyers with a short easy commute to escape the hustle and bustle. So with that in mind here are some facts and trends that will enlighten you on Lake Anna’s current real estate market.
From the last quarter of 2015 to present waterfront homes sales are on the increase at Lake Anna. During this period 32 waterfront homes sold surpassing the same period in 2014. Lake access home during this time frame came in second at 24 as did the year before. Lot/Land sales also increasing with a total of 28 sold and 10 of those being waterfront. Sold prices last year ranged from $100,000 to over $1,000,000. Currently, there are 9 homes under contract and more being negotiated daily.
A quick note for the savvy investor. Vacation rentals are booming at the lake and vacationers are finding it harder and harder to find a rental. Especially during the busy season of Memorial Day to Labor Day. Lake Anna offer’s several full-time rental agencies that can handle all your rental needs for owners and vacationers!
So when it comes to Lake Anna’s current market we have been on the plus side for Buyers and now, Sellers alike! Also, along with the increase in lot/land sales, we are seeing more new homes being built. A welcoming sign that Lake Anna’s economic outlook is vibrant and growing!
All in all, we expect to see a healthy growth in home sales for 2016. Although Lake Anna sales are not the same as local full-time markets, we also ended up feeling the downward turn. However, we have been enjoying the slow and steady rise over the past several years to more normal conditions.
Along with the low mortgage rates and abundant inventory, there has never been a better time to buy at Lake Anna! Real Estate at the lake is definitely trending! Homes at Lake Anna can accommodate everyone’s particular needs. So if you are looking for a weekend fishing cabin all the way to that luxury waterfront home now is the time to shop! In a nutshell, buying or selling, it’s a great time to contact a Local Lake Agent and get a jump on the up and coming market!
Lake Anna a beautiful place to live or vacation!