Home prices in the Las Vegas Valley rose in all but six ZIP codes over the last year, according to a new analysis of Redfin data by UNLV’s Lied Center for Real Estate. Shawn McCoy, the director of the center, said home prices rose in 91 percent of all ZIP codes in the valley from 2023 to the end of 2024.

More Californians may be moving to Utah as a result of the deadly Los Angeles wildfires. They're looking for lower housing costs, especially since the deadly blazes are likely to boost already high prices in Los Angeles, Daryl Fairweather, chief economist for the nation's largest brokerage website, Seattle-based Redfin, told the Deseret News.

More Californians may be moving to Utah as a result of the deadly Los Angeles wildfires. They’re looking for lower housing costs, especially since the deadly blazes are likely to boost already high prices in Los Angeles, Daryl Fairweather, chief economist for the nation’s largest brokerage website, Seattle-based Redfin, told the Deseret News.

A 2023 study by UNLV’s Lied Center for Real Estate Director Shawn McCoy estimates that investors (anyone who has bought more than five homes in the past 10 years) own approximately 15 percent of all of the single-family homes in Clark County and upwards of 25 percent in North Las Vegas, a number that has been rising steadily since the Great Recession.

Nevada ranks first for new homes built in natural landscapes prone to wildfires according to the Lied Center for Real Estate at UNLV. A map of the United States shows the growth percentage in residential housing units located in the Wildland-Urban Interface (WUI) between 1990 and 2020. Nevada is marked in red and shows a growth rate of 208 percent.

The wildfires that torched thousands of homes around Los Angeles will send refugees across the desert to Las Vegas, putting pressure on its tight housing market.

As wildfires continue to devastate Los Angeles, many Las Vegas locals wonder, could this tragedy impact us here in the valley?

The Los Angeles wildfires will most likely put pressure on the Las Vegas Valley’s already tight housing market, an expert says.