Tahoe - Second Quarter Market Update

Sierra Sotheby’s International Realty

Sierra Insider banner with layered blue mountains.

Happy Summer!
 
The 4th of July holiday kicked things off with warmer weather, outdoor events, and many visitors returning to vacation here. Most visitors were focused on playing in the mountains and on the Lake instead of exploring real estate. This is common, as it is the first time for most to get up here to play since the ski season. As people return for their second, third and fourth visit, they will start to dive back into their search for their ideal vacation retreat.
 
Buyers appear to be capitulating to the fluctuating interest rates and are back to focusing on investigating the current inventory to find the right property. While we’ve seen quite a bit of new inventory hit the market, we’re still roughly 25-30% below our normal inventory for our summer selling season.
 
This is an ideal time to be an opportunist. When rates come down and more buyers get off the fence, there will be a lot more competition in the market, which will curb the favorable deal-making we are seeing today. This is a great time to get in and start creating family memories this summer.
 
There is a lot of noise out there in the marketplace. To help decipher what is fact and what is opinion, we’ve pulled together our detailed Quarterly Market Reports. These reports are broken down by the various micro-markets we have in our re
 
 

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Please click below to read more on the 2023 Q2 Market Report.

 

Q2 2023 Sierra market report and lakefront market report covers with open spreads.READ MORE

 

Regional events

Can you feel the heat? It’s the time of year for live music, downtown markets, and festivals: both familiar and new. So, grab some friends and family (remember your SPF) and bask in all of summer's glory.

Crowds gather among market tents at a Truckee Thursday event, viewed from above.

Truckee Thursdays
Downtown Truckee | Weekly - Aug 10
Family-friendly street festival combining the best of Truckee with food, music, and artisans.

Crowd watching a concert at an outdoor amphitheater beneath a vivid sunset sky.

Artown
Reno | July 1 - 31
One great month celebrating art in all forms.
Reserve your tickets early.

Downtown street at dusk beneath a glowing arch, with crowds and vintage cars.

Hot August Nights
Reno/Sparks | Jul 28 - Aug 6
Over 5,500 registered classic cars deliver horsepower and nostalgia to the streets in this 36th annual event.

Polished wooden boats moored beside a busy Lake Tahoe pier with forested mountains beyond.

49th Annual Concours D’Elegance
Homewood | Aug 11 - 12
Featuring world-class antique and classic wooden boats, spend the day at this acclaimed Lake Tahoe event.
 

Orchestra performing under a blue-lit outdoor canopy as the audience watches.

Classical Tahoe
Incline Village | Jul 9 - Aug 17
The Ricardi outdoor pavilion hosts performances, including family concerts, to inspire the next generation of musicians.

Audience watches a band perform beside a lake at the Summer Music Series.

Live at Lakeview
South Lake Tahoe | Ongoing - Aug 31
Free weekly beach concerts, food vendors, amphitheater-style seating, and breathtaking sunsets.
 
 
 

On the blog

Snow-dusted mountains and wispy clouds reflect across calm Lake Tahoe at dusk, beside a wooden dock.

The Great Migration: Not Just For The Birds

Learn “why” Reno/Lake Tahoe continues to attract luxury buyers, families, corporations, and wealth-protecting retirees. We’ve included our regional-centric Relocation Guides, providing in-depth information on schools, housing, employment, and possibilities.

READ MORE

 
 

A note from your advisor

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

Two real estate agents standing indoors, smiling beside a blue chair.

Breck Overall | Overall Hamilton Group
01760070
11177 Brockway Rd
Truckee CA 96161
 

 

 
 
 

WORK WITH US

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.

Contact Us