Nevada tops home appreciation list

The second quarter of 2005 saw an increase in the average home price in United States by 13.4%. Nevada was the on top of the list with 28.1%, which is considered to the highest in the last 25 years. This cannot be considered the saturation point as certain places in Nevada which when compared to the other fast developing areas did not show any increase in their market value till recently, now gradually started becoming more powerful and active.

Las Vegas continued to figure in the list of top 20 cities which showed an increase in house appreciation value since the end of 2003 and it even topped the list in the year 2004. The appreciation rate in the Las Vegas metropolitan area has been 96.1% in the last five-year period. Last year the Las Vegas quarterly home appreciation was in the range of 40% to 50%. Now that the market is showing steady level of development the increase is in a controlled manner.