Lake Anna Waterfront Homes Sold in 2008 vs. 2007

2008 - During the past year we saw a slow down in the real estate market across the board. There were 50 Lake Anna waterfront homes sold between January 1, 2008 and December 31, 2008.

The least expensive home was located at 200 Lakeview in Aspen Hill Subdivision. This home was initially priced at $444,900. Then it was reduced to $424,900 and finally to $174,900. It sold after 356 days on the market for $179,900. The remarks in the listing state that the home was priced according to the apparent condition and was being sold as is. Buyers were advised to obtain requirements from the county on prior permits. The house had 115' of waterfront and 1800 sq. ft. of interior living space. (See least expensive home sold in 2007.)

The most expensive waterfront home sold last year sold for $1,300,000. Located in Bear Castle, this home had 5500 sq. ft. and approximately 700' of waterfront. Originally listed at $1,700,000 it was subsequently reduced to $1,395,000. It was on the market for 187 days.

Avg. List Price $734,347 Avg. Sold Price $684,859

Med. List Price $659,450 Med. Sold Price $632,500

Low List Price $174,900 Low Sold Price $179,900

High List Price $1,500,000 High Sold Price $1,300,000

Avg. Days on Market 178

Med. Days on Market 139

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2007 - There were 69 waterfront homes sold at Lake Anna between January 1, 2007 and December 31, 2007.

The least expensive home sold was the same one, 200 Lakeview in Aspen Hill, which sold again in 2008. It was listed at $329,000 and sold for $300,000 in 127 days. At that time it was 1000 sq. ft.

The highest price paid was for a home located at Bear Castle Drive in Bear Castle Subdivision. Listed initially at $1,750,000 it was reduced to $1,375,000 and sold for that price. It was on the market for a total of 67 days. This home had 5136 square feet and 250' of waterfront.

Avg. List Price $691,828 Avg. Sold Price $654,993

Med. List Price $675,000 Med. Sold Price $625,000

Low List Price $329,000 Low Sold Price $300,000

High List Price $1,499,000 High Sold Price $1, 375,000

Avg. Days on Market 142

Med. Days on Market 90

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If you or someone you know is thinking of buying or selling property at or near Lake Anna, Virginia please contact Kathleen "Kate" Elim, REALTOR®.

Kate lives at Lake Anna, knows Lake Anna, loves Lake Anna, and specializes in Lake Anna area real estate.

Contact Kate at 540-226-1964 or lakeanna.kate@gmail.com. Be sure to check Kate's Web site http://lakeannacountry.com/.

Copyright © 2008 By Kathleen "Kate" Elim, All Rights Reserved. *Lake Anna Waterfront Homes Sold in 2008 vs. 2007*.