Increasing number of retirees are looking for properties in Nevada

Increasing number of retirees are looking for properties in Nevada

  • More than 338,000 Americans moved to retire in 2023, an increase of 44% compared to 2022
  • California has the highest share of retirees moving to new states (18%)
  • Besides retirement itself, the top 3 reasons for moving:
    • Being closer to family
    • Health
    • New or better housing

 
I recently attended a presentation by a fellow realtor with tons of experience in the greater Las Vegas, Nevada, area. She pointed out why an increasing number of retirees are considering Las Vegas, and the surrounding areas:  Henderson/Green Valley, Summerlin, Paradise:

  • No income tax
  • Low cost of living
  • Property tax is only .64%
  • Great weather
  • Low gas prices

 
Lifestyle Benefits

World class golfing, incredible dining (I can attest to that), amazing entertainment, Smith center for the performing arts, Las Vegas Philharmonic, major sporting teams, with professional basketball and baseball coming.

Plus, a short flight or reasonable road trip back to California, for those having friends and family here

The median price is $445,000, The average price is $580,000, The average luxury price is $1,800,000.  I was so impressed with these numbers, I had to pass the information on.

If you, or family members, are thinking of moving, there’s a lot involved; contact me as I’m here to help and have over 31 years experience. Questions about real estate in Nevada? Or other areas you’d like more information on?  I’d love to hear from you! I’m easily reached at 650-224-4747, text or give me a call.

Margaret Barton
[email protected]