Number of Las Vegas Homes Now Owned by Investors Grows to Nearly 100,000
LAS VEGAS, NV – Despite a recently-reported cutting back on the part of investors when it comes to purchasing real estate in Southern Nevada, this collective group nonetheless has managed to acquire a sizable amount of property in the region in recent years, with a new report showing that these outside parties now own nearly 100,000 homes in the Las Vegas Valley alone.
As per a new report by the University of Nevada, Las Vegas’ Lied Center for Real Estate, over the course of the past 15 years, investors were responsible for one (1) out of every five homes that were sold in the valley, with such activity surging amid the outbreak of the COVID-19 pandemic before reaching its highest point in 2022.
And despite the cutback by investors amid the market’s overall slowdown, their activity in Las Vegas remains at a higher level than the national average; for example, in 2024, approximately 23 percent – or one in four – of all homes sold in the valley went to investors.
The high level of investor activity in Southern Nevada, according to the Lied Center for Real Estate’s Research Director, Nicholas Irwin, is making it difficult for working-class families and first-time homebuyers to get a foothold and compete in the market.
What concerns me is that we’re still a blue-collar town, but we have white-collar home prices – and that’s untenable in the long run,” he said. “For a household of four, you need about $120,000 a year in income just to afford a median-priced home. Those people are our teachers, our nurses, our first responders. If they can’t afford to live here, they’ll move somewhere else — and that impacts everyone.”
Irwin noted that changing policies that govern the homebuilding market – such as enabling developers to increase their output – would go a long way in alleviating the issue, but unfortunately, it would take years for that to have any serious impact.
Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.
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