Las Vegas Flippers Return Strong, Strip Deals Surge
Increasing Investor Activity in the Las Vegas Market The Las Vegas real estate market is experiencing a surge in investor activity. Institutional investors are playing an increasingly significant role. These investors account for approximately 23% of home sales in the region. Institutional buyers, owning around 80,000 single-family homes, demonstrate immense confidence in the market. This confidence is bolstered by the city’s population growth, which drives rental demand. The result is appealing returns on buy-to-rent investments. The peak acquisition quarter was Q2 2022, with 4,229 homes purchased by investors. This underscores intensified interest in Las Vegas real estate. As the population expands further, rental demand continues to rise. Large firms like Tricon Residential greatly influence market conditions. Environmental factors such as water quality risks are gaining importance in investment decisions, reflecting broader trends in property market scrutiny. With approximately 13...