b'lakehouse & landWant to advertise here? Contactus at lkalife@earthlink.net REAL ESTATE NEWS ROUND-UPReal Estate Outlook For 2020 Looking Like Another Positive Yearpasttwoyearswehaveseencurrent economic outlook.BY LIBBY SANDRIDGECompetition is also expected to an increase in new home sales A s we head into the firstfrom starter homes to high-endincrease due to lower inventory quarterofthenewluxury homes. especiallyinthelowerendof year,thearemanyLake Annalandsaleshavethe market. Price growth also is signs that the buildingalso increased over the past twoexpected beyond 2020 and there momentum of 2019 will contin- years and with the new buildingis no indication that any markets ue to build into 2020.boom, we can expect it to con- are going to see price declines While there is always the con- tinue. Builders and investors areover the next several years. So cernabouttheeconomydur- takingadvantageandbuyershopefullythewizardsareright ing an election year, real estateare loving it.and buyers and sellers alike can values and sales are less tied toLast year there were 77 lotstakeadvantageofthesegreat whos in office than retail salessold at the lake and out of thoseeconomic times! and consumer confidence. 30werewaterfront.For2018In closing I would also like toThe 2019 Lake Anna Real Es- there were 88 lots sold and outremindyouaboutLakeAnnas tate market was basically a re- ofthose37werewaterfront.vibrant and growing rental mar-peat of 2018 with low mortgageAlso it is well worth noting thatket. Owing a second home can rates, high demand along withwe are only two weeks into 2020havemanyadvantagessoget a limited supply of lower-pricedand there are 24 homes and ninewith an experienced local agent homes.lots currently under contract.tofindoutallthepossibilities.There was good news as 2019All things considered the out- Lake Anna is calling, so grab the sales were higher when it camelook for the 2020 Lake Anna realkids, the pets and come on out. tosalesvaluesthan2018.Forestate market appears to be veryThe appeal of the Lake Anna lifestyle is spreading with landWe look forward to seeing you in instance in 2018 there were 248positive. Many housing profes- and home sales reflecting higher demand, 2020.LKAhomes sold at the lake and outsionals and lenders are predict- of those 26 were sold over 800King that the 2020 mortgage ratesrefinancing and the buyers willwhich is up from a 3.5% jumpAuthorLibbySandridgeisa with nine homes over $1M.are expected to stay low. Somebeabletoaffordmorehomefromlastyear.Keepinmindlong time Lake Anna realtor withFor 2019 there were 239 homessay they could possibly go low- than before.thesenumbersaregatheredDocksideRealty.Sheresidesin sold and 37 of those were overer, which is great for buyers and Home prices are also predict- fromrealestateprofessionalsthe Lake Anna area and can be 800K and 14 of those sold forsellers.Homeownerswillalsoed to increase and some say asopinions and predictions basedreached at libbysandridge@com-well over $1M.Also, over thecontinue to take advantage bymuch as 4 to 5% by September,on recent statics along with ourcast.netLake AnnaBegin your search for properties at Business DiscoverLakeAnna.com Partnership Liz SellsLinda Fosdick LAKE ANNA Lake Anna!LOVE WHERE YOU LIVE Licensed in the Commonwealth of VirginiaMulti Million Dollar Sales Award WinnerAssociate Broker Gold Team MemberThen call or email me at Buying or Selling540.872.6556 Your Lake Anna Area SpecialistCERTIFIED INVESTMENT AREA SPECIALISTLinda@DiscoverLakeAnna.comLibbyLake Anna Life & TimesWinter 2020Dave Guna Realtor Lets Go5736 Courthouse RoadFishingSpotsylvania, VA 22551ForA540-226-6475Great LakeLIBBY ABR, CIAS Liz Wilson Lake Anna Island Realty PlaceSANDRIDGEForAssociate Broker, ABR, CSP, GRI540-903-9428 (c) You! 540-223-0350 www.LizSellsLakeAnna.com Lake Anna 540-894-4400 (o) libbysandridge@comcast.netBusinesswww.Liz.LNF.com8 Partnership Dguna@liveatlakeanna.com Visit. www.homesatlakeanna.com'