Investors Have Purchased Almost 500,000 Residential Homes in Las Vegas Since 2009
LAS VEGAS, NV – Las Vegas remains a hotbed of real estate investment activity in recent years, with business interests acquiring an increasingly larger and larger share of residential homes in Southern Nevada in the last decade-and-a-half, as per a new report.
According to the University of Nevada, Las Vegas’ Lied Center for Real Estate, data pulled from Redfin indicates that investors – defined in the report as those who buy homes through companies or trusts – have snapped up 492,634 in the Las Vegas Valley since 2009, with such activity so prevalent in the region that this group accounted for 23 percent of all the homes bought in the region in 2024 alone.
At the beginning of the Great Recession in the mid-2000’s, a mere 1,157 homes were owned by investors in Las Vegas, and while there is no data on exactly home many homes in the valley are currently owned by this group – as some has been sold over the years or have been traded between companies – Nicholas Irwin, co-author of the Lied Center report, says that the approximate overall number that remain in their hands is still alarming.
The scale of investor activity in the housing market has raised growing concerns about both affordability and the availability of homes within the single-family residential sector nationwide,” he said. “While investor ownership can expand the stock of single-family residential rental options, it simultaneously reduces the number of homes available for owner occupancy, further constraining supply in that segment.”
There was a great increase in the number of investor purchases in Las Vegas between 2009 and 2024 when compared to before the recession, Irwin pointed out, with the highest levels of transactions taking place in the wake of the COVID-19 pandemic.
Over this 15-year period, investors accounted for between 14 and 29 percent of all home sales each year,” he said. “In total, nearly 100,000 homes were purchased by investors meaning roughly one in every five homes sold during this period went to an investor. Investor activity surged during the post COVID years (2021–2022), reaching levels higher than those observed in the aftermath of the 2000s housing crash.”
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Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management