The real estate market at Lake Anna has slowed slightly this year compared to the prior year. A look at the numbers as we finish out 2025 is interesting
In 2024 there were a total of 262 homes sold at the lake and currently if all pending sales close this year we are on track for 249 sales at the lake. The main cause of the slightly lower sales is mostly due to the mortgage rates and the record breaking 43-day government shutdown which most likely delayed some recent home sales.
According to some reports, mortgage applications are up compared to last year, which implies that there are many who are ready to purchase. Another upside is that mortgage rates have drifted from 7% at the beginning of the year to around 6% at a 30-year fixed rate. I also just received an update that PenFed Credit Union has a 30-year fixed rate at 5.625 so you need to shop for interest rates as some lenders are making deals. It pays to compare!
It is worth mentioning one of the homes that sold this year went for an eye-popping 4.4 million compared to the highest sales price for 2024 of 3.4 million. The upper end of the market has been doing very well mostly due to the robust inventory coupled with a strong financial market and investors.
Currently we have 83 homes active on the market and of those 37 are waterfront and 46 are lake access homes. Also worth mentioning that there are 32 homes listed at and above $1 million and the highest price home is currently a whopping $4,799,900. Also, the famous Emery Point property hit the market for $3.5 million with 1,260 feet of waterfront on the public side and includes its own seaplane hangar & RV garage. Water access homes list prices range from $360,000 to $1,399,000.
Land sales have also slowed down this year. There have been 89 lots sold so far with 17 pending sales, which will be a total of 106 by the year end compared to 156 that sold in 2024.
The highest land sale is a 27-acre parcel off Kentucky Springs road for 2.5 million and the largest acreage land sale so far is an 83-acre parcel on the north end of the lake in Orange County for 2.2 million.
So, Lake Anna can look forward to the possibility of two new subdivisions on their way as both have been approved for subdividing. Currently we have 53 lots on the market with 17 being waterfront and 36 are lake access lots. The list prices range from $79,900 to $1.3 million.
Looking forward to 2026, many economists are expecting a rebound in sales based primarily on the interest rates dropping. However, with the seasonal slowdown some sellers need to remember the importance of pricing correctly to reduce the days on market.
The boom at the lake inspired sellers to go for the gold and list higher so if you are still sitting on the market get with your agent and reevaluate your list price according to recent comparable sales.
It is also highly suggested that you list with a local experienced lake agent. Many out of area agents do not know the lake and listing a lake home with an unfamiliar agent is a mistake. Buyers need to also work with a local lake agent to ensure that they have all the facts before they buy.
Experience and knowledge of the area you plan to purchase or sell a home should be your top priority when looking for a real estate professional.
You can reach out to the author for more information regarding Lake Anna real estate and visit her website at: https://www.homesatlakeanna.com/
