How’s the Kingswood Market?

 

Get this: when this page was written, Kingswood had only 2 active listings at $2m and $4m!

 

Looking back, things were solid in Kingswood + Kingswood West through midsummer but then the craziness of this overall market kicked in. It all started at one house: 1035 Whitehall.

 

This is a clean, well-maintained home backing to the HOA greenbelt lot. It has nice curb appeal, no lakeviews and you really only “feel” one neighbor off the back. It was listed on 8/5 for $899k, received ~7 offers, then sold for $967,500. A latecomer to the party tried to entice the sellers to renig on their deal for nearly $1.1m but the original deal closed as negotiated.

 

This sale had a nice ripple effect for two neighbors on Whitehall. If you’ve ever hiked from Whitehall down through the path to the paved pedestrian lane to the Regional Park, you’ve walked by the house “with all the dogs”! Well, those owners saw this 1034 sale, tried to list their home as a For Sale By Owner, were unsuccessful, then listed and quickly sold the home on MLS for $1.265m. And then another semi-notable nearby home – remodel with angular room facing the street – quickly sold over asking for $1.475m. These are big numbers for average neighborhood homes in Kingswood.

 

There are only 2 listings in all of Kingswood and Kingswood West. That is crazy low. There are currently 4 escrows. Even with the big break in the spring with no sales, we are at the same level as last year of sales. Any new listings will get gobbled up quickly since we have almost nothing to sell these anxious buyers.

 
Overall, Kingswood experienced similar sales volume in 202o but the average prices were way up.
 
 

Quick Stats:

  • 2 active Kingswood + Kingswood West listings at $1.9m and $3.9m.
  • 2 homes in escrow listed at $775,000 and $1.45m.
 
 
My family and I live on Kingswood Drive – I enjoy working in the neighborhood and we love raising our kids here!
 

See my midsummer 2020 Kingswood Update here

 

Kingswood + Kingswood West Market Stats

 

Year Total Volume # Homes Sold Days on Market Ave Price Median Price
2019 $19.6m 27 72 $727k $695k
2018 $15m 19 42 $693k $705k
2017 $20m 29 90 $728k $625k
2016 $20m 28 95 $618k $638k
2015 $13.6m 22 98 $1.47m $595k
2014 $11.8m 21 128 $566k $470k
2013 $15.7m 26 108 $605k $510k
 

See all Kingswood listings here

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Kingswood used to be an undiscovered secret ($9.4m in sales in 2012) 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.

I live in Kingswood Estates and have sold homes here 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, I combine all of this knowledge with 15 years in the business and 24 in Tahoe. I am known for high-quality, creative marketing. See more about my approach here.

My wife and I have three kids who go to Kings Beach Elementary School and North Tahoe School. We are active supporters of KBE, the Boys + Girls Club, Sierra Watershed Education Partnership and the Sierra Avalanche Center.