The Real Estate Market in Las Vegas, Nevada

Las Vegas is known as a mecca of entertainment and gambling. Although not as hot as the weather, the real estate market is primed to take off again in this expanding city.

The Real Estate Market in Las Vegas, Nevada

Las Vegas is the biggest city in Nevada and really needs no introduction. With incredible casinos and entertainment, most people only associate Las Vegas with gambling. There is much more to this city in the sun, which is why it is one of the fastest growing cities in the country. In fact, the population is now more than half a million people and everyone move to Las Vegas from somewhere else.

The average Las Vegas property sells for about $170,000, a discount of roughly $10,000 compared to the national average. Even with this discounted average cost, appreciation is still a robust eight percent and expected to pick back up in the future as more people move to the city.

How many people are expected to become residents of Las Vegas in the next few years? Yearly job growth is expected to be massive, which means demand for workers high. This makes Las Vegas an incredibly attractive location for many Americans and the city is preparing with...