Since the late 1980’s people have been coming to Pahrump because of the town’s great potential as a retirement community. At the same time, people were coming to and staying in Las Vegas, not only because of the lure of its amazing and exciting entertainment fares, but also because of the steady and strong job market it offers.
The influx of people to Las Vegas has created a great demand for land and for housing, and thus prices has soared up. Pahrump, just a little over 50 miles away, and with its real estate prices very well below that in Las Vegas, coupled with its fresh rural atmosphere setting, has been favored upon as one of the most likely places to live in.
Pahrump, targeted as a retirement community, on one side, and as a bedroom community of Las Vegas on another side, has since then become a prominent destination. The coming of people to the town has turned to high gear in the late 1990’s and has reached a feverish pace in 2004, where every home and every land available were snatched up by buyers and investors alike.
Today, a great stream of people still come and buy or invest on homes and land in Pahrump. The frenzy in 2004 though, is not there, as acquisition of homes and land has become more on a calculated and orderly manner, as big players are now present and much in the game. Nonetheless, with the several big developers approved plan of building about 20,000 homes within the next 10 years, we could still see a repeat of 2004.
The rush to Pahrump continues on!
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