Vegas is crazy, but many say it's been undervalued for years. The average price of a home in Vegas is a little over $300k for a single family home. A friend of mine just purchased a brand new house, about 20 minutes from the strip in Northwest Las Vegas for $350k. 4 bedrooms and 2 1/2 baths and a little over 2100 sq ft. Has a great room and a really nice floor plan.
I'm one that doesn't care too much about the climate of Vegas (hot summers, cold winters), but many people like the dry air. And there's not to many places in the country where someone without an education can get a job making $40k a year. Add that to the lack of rental properties in the valley because of all the condo conversions make Las Vegas a decent deal.
