Tahoe Connect Newsletter - Q2 Report

I hope you had a wonderful 4th of July. Summer has officially arrived in Tahoe! Golf clubs, swimsuits, hiking boots, bikes, and a passion for outdoor recreation define this vibrant season in the Lake Tahoe/Reno region.
Summer is also the peak time for the real estate market, with an abundance of properties hitting the market, and a significant uptick in tours, offers, and sales. Below, you'll find our Micro-Market Reports offering a quick update on last quarter, along with a few key observations to keep in mind as you navigate the Tahoe real estate landscape. I've also included a full calendar of events to enhance your summer experience.
Please feel free to reach out anytime with questions or to explore any properties.


What do the Q2 real estate market stats tell us about today and tomorrow? Discerning buyers and sellers rely on the trusted guidance of our real estate advisors to expose beneficial client opportunities in this report. Please enjoy these MicroMarket Reports and let me know if you have any questions and/or want to discuss your property in particular.
There's a lot of data in these reports, and a lot to digest. Here are my top ten key takeaways from the sales data for Q2:
  1. Increase in Residential Sales: 2024 has seen a 10% increase in residential sales year-over-year, indicating a potential shift in market sentiment.
  2. Median Price Rise: The median price has risen by 7% to $1,100,000, marking the highest on record for this metric.
  3. Average Price Decline: While the median price has increased, the average price has decreased by 4%.
  4. Narrowed Price Gap: The gap between average and median prices has narrowed to 32%, the lowest since 2011, suggesting higher entry-level home prices and fewer ultra-high-end sales.
  5. Stable Inventory: Inventory levels are higher than in recent years, but sellers are not cutting prices significantly without distress or external pressures.
  6. Economic Headwinds: Interest rates, homeowners’ insurance, and inflation continue to pose challenges for the market.
  7. Luxury Market Cooling: There has been a reduction in ultra-premium sales, indicating possible saturation or cooling off in the luxury segment.
  8. High-End Sales Proportion: Sales above $1,000,000 make up 54% of year-to-date sales, matching the highest amount ever, but sales above $5,000,000 are at their lowest since 2020.
  9. Increased Listings: The number of available listings is the highest in over four years, up 25% from last year and nearly double from 2022.
  10. Seasonal Market Acceleration: Market activity is expected to accelerate over the next 3-4 months, with a projected year-end total of around 1,200 residential sales, absorbing most of the standing inventory and leading to balanced pricing.
Please click the image below to read the full report.
Lake Tahoe and Reno offer endless summer activities. That’s why, like a big picnic table, we’re laying out summer event calendars with festivals, music, and food so you can squeeze out every drop of fun in the sun.

History At The Beach
South Lake Tahoe | Through Aug 6
Lake Tahoe's history comes alive with stories and laughter. Free for all ages.

Tahoe Shakespeare Festival
Incline Village | Jun 28 - Aug 25
Spend an evening with The Bard. Eat, drink, and be merry along North Lake Tahoe’s shoreline.

Carson Valley Summer Events
Various Locations | Ongoing
From Thirsty Thursdays to outdoor concert series, this is where summer comes alive.

50th Annual
Lake Tahoe Concours D’Elegance
Homewood | Aug 9 - 10
Widely regarded as North America’s premier wooden boat show, secure your tickets early.

Various Locations | July 1st - July 31st
Exciting and engaging Artown events including children's art workshops, concert series, movies in the park, historic and cultural tours and art exhibits.

Fourth of July
Various Locations | July 4
Celebrate Independence Day with hometown parades, food, and star-spangled fireworks.

Day Trip Destinations Around Reno-Tahoe

As the days stretch longer and the temperatures climb higher, there’s an undeniable buzz in the air – summer has arrived! It’s that magical time of year when the world seems to come alive with endless possibilities, beckoning us to venture beyond the confines of our everyday routines and explore the great outdoors.



The Bear Chalet is a masterpiece of architectural excellence, designed by renowned architect Tim Ward, and nestled on an elite golf course. This 1998-built, steel-frame home spans an impressive 5,070 square feet of luxurious living space, featuring four exquisite bedrooms and 4 1/2 baths. Elegance meets sophistication in every corner of this property, from the knotty alder floors to the newer composition roof that promises durability and style.
3122 Mountain Links Way | Olympic Valley, California
4 BED | 4.5 BATH | Offered at $6,200,000


As the area’s top-producing agents, you can count on Breck Overall, Jeff Hamilton and their team to be a responsive and reliable partner. They offer creative ideas, ethical standards and connections to the world’s most influential agents.

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