Selling in Kingswood Estates and Kingswood West

Emerald Bay Sunrise

Kingswood Market Overview

In total the two neighborhoods have over 700 homes yet very few are currently being offered for sale. Earlier this year there were just 4 on the market and 4 in escrow. Currently there are 5 homes on the market and 3 in contract; offerings range from $629k to $1.15m. So far 7 homes have sold this year; this is similar to activity last year. See all active listings in Kingswood here.

In 2016, Kingswood Estates and Kingswood West had a record year. Sales volume was up 68% hitting $20m for the first time ever. The average sales price climbed $100,000 – wow! Classic ‘neighborhood’ homes are selling well – one recently had multiple offers – but the big news is in speculation (aka “spec”) homes + the very high-end. There were 4 sales over $1,000,000 as opposed to just one in 2015.

As mentioned above, an interesting facet to Kingswood’s micro-market is that new construction is here. One spec home sold in 2015, 4 closed last year. There is one on the market now for $1.09m and more will hit the market this spring.

 

Year Total Volume # Homes Sold Ave. Days on Market Ave. Price Median Price
2016 $20m 28 95 $728k $638k
2015 $13.6m 22 98 $618k $595k
2014 $11.8m 21 128 $566k $470k
2013 $15.7m 26 108 $605k $510k
2012 $9.4m 22 125 $428k $450k

________________________________________________________

Kingswood used to be an undiscovered secret but now the word is out which one can see by the amount of real estate being sold here every year. And as you go around the neighborhood you’ll notice brand new, large spec homes.

Alex lives in Kingswood Estates and has sold homes there and in Kingswood West. Kingswood is already benefiting from the incredible amount of development which is coming to Kings Beach. The neighborhoods offer so much to Tahoe locals and visitors: mountain and lake vistas; abundant greenbelt; hiking, biking, snowmobiling routes; access to one of the best-maintained forests in the entire Basin; North Tahoe Regional Park; and central to all of North Tahoe yet an easy jump to Truckee and Reno. When selling in Kingswood, Alex combines all of this knowledge with 13 years in the business and 22 in Tahoe. He is known for high-quality, creative marketing. See more about his approach here.

Alex and his wife have three kids, 2 of whom go to Kings Beach Elementary School just down the hill.