How’s the Kingswood Market?

 

Kingswood and Kingswood West had almost nothing for sale earlier this year but that is starting to change. There is roughly one home for sale for every one hundred homes in the neighborhood! 6 have already sold this year. I know of a Kingswood West home which received 5 offers in 5 days.
 
I have an upcoming listing on Oxford Court for $425,000. One of my colleagues has one coming up on Kingswood Drive and there is another on Forest Glen. I’d like you to know I live on Kingswood Drive – we love raising our kids in the neighborhood!
 
A quick phrase for the Tahoe market this year: “There’s nothing for sale yet everything is selling!” Inventory is at historic lows. Yet in classic Tahoe fashion, overpriced or less desirable properties are rotting on the vine.

If you are considering a sale in Kingswood, reach out. This is historically low and creates an amazing opportunity for sellers.

See all Kingswood listings here

2017 Recap: Kingswood and Kingswood West have had two fantastic years in a row. 2016 was a record breaker when the neighborhoods collectively closed over $20m in property sales. 2017 followed suit with almost the exact same amount.

While these sales numbers are great, in total Kingswood and Kingswood West have over 700 homes. This means that relatively few sell each year. This is a great opportunity for those considering selling. To give you an example, at one point in 2017 there were just 4 on the market and the same amount were in escrow. See all active listings in Kingswood here.

See my Kingswood mid-year update and 2016 sales info at this link.

Quick Stats for Kingswood + Kingswood West

Year Total Volume # Homes Sold Ave. Days on Market Ave. Price Median Price
2017 $20m 29 90 $693k $625k
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

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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 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, I combine all of this knowledge with 14 years in the business and 23 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. We are active supporters of KBE, the Boys + Girls Club, Sierra Watershed Education Partnership and the Sierra Avalanche Center.