How’s the Kingswood Market?

 

Kingswood has seen the effects of coronavirus. An escrow recently fell out since the 3/13 statewide school closure date, a turning point for our market. However, just like we are seeing in other areas there can be the opposite result from the covid effect – a home in the neighborhood at $800,000 entered escrow on 3/16.

 

While showings are somewhat challenging, real estate has been ruled an essential service so showings are permitted – we just need to be smart in how we handle them. Please see this page for LOTS more info on the Tahoe-Truckee market since 3/13.

 

Kingswood and Kingswood West had a fantastic year in 2019. Sales volume was almost as high as ’16 and ’17 which had the highest sales in the last 15 years including the peak of ’06. 
 
It wasn’t high end sales which drove the Kingswood market – there was only one sale over $1m. There was one sale under $500k. There were 5 sales in the $500k’s; 8 sales in the $600k’s; 10 sales in the $700k’s; and 2 sales in the $900k’s.
 

Quick Stats and Comparisons:

  • 4 active Kingswood + Kingswood West listings from $562k to $1.27m.
  • 2 homes in escrow listed at $639,000 and $800,000.
  • 1 sale thus far in 2020 for $800k ($5,000 over asking price).
  • Number of sales was very high in 2019: 27 vs 19 sales in 2018.
  • Time on market was also up in 2019: 72 days vs 42 in 2018.
 
The Tahoe area from Rubicon to Kings Beach averaged $1.19m sales price. Kingswood averaged $727k last year. The neighborhood is considered to be an upgrade from the Kings Beach grid and a value given nice lot sizes and central location to year-round activities, Tahoe, Northstar, etc.
 
 
My family and I live on Kingswood Drive – I enjoy working in the neighborhood and we love raising our kids 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

Kingswood January 2020 Update

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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.