Kingswood and Kingswood West have had an interesting few market years. 2016 and 2017 saw big volume with $20m each. 2018 had less volume, $15m, but the sales occurred very quickly. More recently, there have been 2 midwinter sales. And right now, there is almost nothing being offered for sale: 2 active listings.
A near-record in the neighborhood of $1.825m just sold. This home was previously purchased in 2016 for $1.675m.
Quick Stats and Comparisons:
- 2 active Kingswood + Kingswood West listings from $769k to $1.15m
- 3 homes in escrow up to $735k.
- 6 sales already this year including one quite high-end (see next line)
- Including 2 midwinter sales at $650k $690k. 1 early spring sale at $1.825m.
- 42 days on market in 2018 vs 94 in 2017.
A quick phrase for the Tahoe market: “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.
See my 2017 Kingswood Recap, click here