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.
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.
Quick Stats and Comparisons:
- 3 active Kingswood + Kingswood West listings from $650k to $1.27m
- 2 homes in escrow listed at $563,000 and $639,000
- 1 sale thus far in 2020 for $800k.
- 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.
My family and I live on Kingswood Drive – I enjoy working in the neighborhood and we love raising our kids here!