Kingswood Mid-Summer Analysis and 2016 Info

Emerald Bay Sunrise

In Kingswood and Kingswood West earlier this year there were just 4 homes 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 soon.


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