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What is the approximate percentage of annual appreciation for a home in the Las Vegas Valley?

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What is the approximate percentage of annual appreciation for a home in the Las Vegas Valley?

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According to The National Association of Realtors the Las Vegas real estate market was the top city in the nation for property appreciation with an unprecedented 52.4 percent increase for 2004. In 2008 and the beginning of 2009 most appreciation gains of the years 200-2004 have been lost bringing homes to a pre-boom price level.

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