Las Vegas’ sizable inventory of vacant homes continues to shrink

A high-end home is shown in the northwest part of the valley Dec. 9, 2015. The vacant home, now listed for sale, was be used by squatters police and neighbors say.

Las Vegas’ inventory of vacant homes is shrinking but remains above the national average, says a new report.

Some 2.1 percent of Clark County homes — or 13,364 properties — are empty, compared to 1.6 percent nationally, or 1.36 million homes, according to RealtyTrac.

Investment properties comprise a big chunk of the vacancies, both locally and across the country.

According to RealtyTrac, 4.2 percent of Clark County’s investor-owned homes are empty, comprising 11,010 vacant properties. Nationally, 4.3 percent of investment homes, or 1.04 million properties, are unoccupied.

Overall, Southern Nevada’s share of empty homes is down from 2.6 percent, or about 16,750 homes, as of last fall. Nationally, 1.8 percent of homes were empty at the time.

To count the empty properties, RealtyTrac said it matched its database of nearly 85 million U.S. homes with data, updated monthly, from the U.S. Postal Service to see whether a property had been flagged as vacant by the postal carrier.

Real Estate