When you think of Nevada, Las Vegas and gambling are the first things to come to mind. In truth, Nevada real estate is a far better bet than anything you’ll find in a casino.
Nevada is dominated by Las Vegas and no bolder statement could exist for American ingenuity. Where else in the world can you find a huge tourist attraction in the middle of an absolutely sun scorched state? I would be willing to gamble a pretty penny there is no other such place
Centralized populations and heat characterize Nevada. There are two primary cities, Las Vegas and Reno, in which ninety percent of the population lives within 20 minutes. As to heat, Las Vegas is as hot as Phoenix in the summer, but with so much more to do. Still, if you have problems with heat, Nevada real estate may not be for you.
Nevada Real Estate
Can you name the state with the greatest real estate appreciation for the last 12 months? You might be surprised to learn it is Nevada with over 28 percent appreciation. Think about that for a minute. If the pace continues, the average home in Nevada will double in value in less than four years! That is truly an outstanding rate of return.
Although the rate of appreciation is amazing, Nevada real estate is still reasonably priced. The average single-family home in Las Vegas goes for $360,000. In Reno, the price jumps to a still reasonable $440,000. Purchase a home in Nevada and you could easily be looking at making $200,000 over the next two years.
Viva Las Vegas real estate!