NO ONE knows what the market will do, speculation is what got Nevada and most of the country into the mortgage mess in the first place. However, I happen to live in 89084, moving here less than a year ago from the East Coast, because I believe the area will bounce back, and property values will increase. The Trulia market charts do show some improvement, and with the slow trickle of foreclosed homes coming into the market, there seems to be an opportunity for savvy buyers that are willing to purchase and hold on to property for the long haul. Eighteen months may give you an increase, but it certainly is not long term. You have to consider taxes, closing costs as well as the purchase price to determine if that gamble is something you are willing to make.
As far as 89084; The Aliante area has wonderful parks, walking and bike trails, plenty of shopping and easy access to the 215. All of these features make it an ideal location, location, location, which can only help to improve the value in the overall climate. That said, I am hopeful that my property will increase in value, but I bought it to live in, not necessarily as an investment. If I could sell it for 50K more than I bought it for, so what, I don't plan on moving, because it is my home. I don't gamble, neither in the casino or with real-estate.