Patrick Stevenson - Patrick Sells Vegas

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Why Builders Are Selling More Homes Under $400,000 in 2026In July 2026, more than half—53%—of newly built single-family ...
10/11/2026

Why Builders Are Selling More Homes Under $400,000 in 2026
In July 2026, more than half—53%—of newly built single-family homes in the U.S. sold for under $400,000, with the median price landing at $393,800. Builders are increasingly focusing on smaller, entry-level homes, making homeownership more accessible for buyers navigating today’s landscape. As someone who’s spent over twenty years guiding clients through the Las Vegas market, I know how crucial it is to look beyond the price tag. When considering these homes, pay close attention to factors like size, location, HOA fees, and potential appraisal risks. Each of these details can have a big impact on your long-term satisfaction and investment. My goal is always to provide clients with a smooth, informed real estate experience, whether you’re searching for your first home or your next adventure.


https://www.roomvu.com/agent-news/patrick-stevenson/2083993-Why-Builders-Are-Selling-More-Homes-Under-%24400%2C000-in-2026

10/11/2026

Honoring the Significance of Indigenous Day

Are the Scales Tipping Toward Buyers? Reports Say MaybeAs someone who’s navigated the Las Vegas real estate market for o...
10/10/2026

Are the Scales Tipping Toward Buyers? Reports Say Maybe
As someone who’s navigated the Las Vegas real estate market for over 20 years, I’ve seen firsthand how the dynamics between buyers and sellers can shift—sometimes quickly. Recent reports are showing an interesting trend: in August, seller concessions climbed to 44.7%, marking the highest point since 2020. This signals that sellers are becoming more flexible, which can open new doors for buyers. Delistings have dropped by 12.6% year-over-year, and 15.8% of sales now involve both price drops and concessions, offering added opportunities for those looking to make a smart move. The Sun Belt, particularly Atlanta at 72.8%, is leading this shift—but these changes are worth watching here in Las Vegas, too. As always, my commitment is to guide you through these evolving conditions with transparency and care, ensuring you’re equipped to make informed decisions every step of the way.


https://www.roomvu.com/agent-news/patrick-stevenson/2091814-Are-the-Scales-Tipping-Toward-Buyers%3F-Reports-Say-Maybe

Northern Nevada Housing Market Adapts to New Mortgage RatesNavigating today’s northern Nevada housing market means keepi...
10/09/2026

Northern Nevada Housing Market Adapts to New Mortgage Rates
Navigating today’s northern Nevada housing market means keeping a close eye on both home prices and mortgage rates. Right now, Reno’s median home price stands at $659,777—almost at an all-time high—while the 30-year mortgage rate has reached 7.12%, largely due to inflation and a tight land supply. As someone who’s helped clients through countless market shifts since 2003, I know these numbers can feel daunting. However, there are strategies worth considering. For buyers, negotiating seller credits or exploring rate buy-downs can be practical ways to offset rising costs. My experience guiding clients through complex transactions has shown that with the right approach and trusted advice, even challenging markets can offer real opportunities. Every client’s situation is unique, and a tailored strategy can make all the difference in securing your next home.


https://www.roomvu.com/agent-news/patrick-stevenson/2100125-Northern-Nevada-Housing-Market-Adapts-to-New-Mortgage-Rates

10/08/2026

This at 78 47 Settlers Ridge Lane Las Vegas has just been sold

10/08/2026

U.S. Sellers Outnumber Buyers by 57.9%
This past Mid-Q3 brought an interesting shift in the national real estate landscape: sellers outnumbered buyers by 57.9%, the widest gap we’ve seen since 2013. Across the U.S., there were 1.53 million sellers and just over 972,000 buyers. What drove this change? Listings surged by 3.9% month-over-month—the largest jump on record for major portals—while buyers increased only slightly at 0.1%. As inventory climbed to its highest level since 2020, buyers found themselves with more leverage: three out of five homes sold below their original list price. Even so, affordability remained tight, with 30-year mortgage rates lingering in the high-6% range and the national median sale price rising 2.2% year-over-year. The easing of the mortgage lock-in effect encouraged more homeowners to list, yet demand stayed on the cooler side, with existing-home sales down 2% to an annual pace of 3.98 million. In my experience navigating both buyer and seller markets in Las Vegas since 2003, these kinds of shifts are more than just numbers—they create new opportunities and challenges for everyone involved. I’m committed to guiding clients through these changes with clear communication and strategies tailored to their unique needs, whether you’re considering selling or exploring your next move.

10/07/2026

4 Questions Shaping US Housing Affordability
Navigating housing affordability has never been more nuanced, and I’ve seen firsthand how shifting market conditions impact buyers and sellers alike. Recent trends show hints of disinflation in the housing sector: sellers are increasingly offering concessions, and this can translate into genuine savings for those determined to achieve homeownership—especially here in Las Vegas, where each transaction has its own story.

However, borrowing costs remain a real challenge. With benchmark Treasury yields hovering around 5% and average 30-year mortgage rates climbing above the low 7% range, the median monthly mortgage payment hit about $2,600 in the four weeks ending September 13—a 3% increase from last year. For buyers, this means affordability remains stretched, and every percentage point counts when you’re planning your next move.

The resale market stays tight: many homeowners are holding onto their low-rate loans, keeping inventory limited. Sellers are still aiming for those high pandemic-era prices, making negotiation a key skill in today’s landscape. Industry experts see these shifts not as a crash, but as a correction toward stability—with sound lending practices, strong homeowner equity, and opportunities for both buyers and sellers willing to strategize.

In my two decades of guiding clients through the Las Vegas market, I’ve learned that understanding these dynamics—and knowing how to navigate them—can make all the difference. Whether you’re buying, selling, or just weighing your options, having a clear-eyed view of the numbers and trends helps you move forward with confidence.

10/07/2026

Fed Rate Hike Brings New Opportunities for Nevada Housing
The Federal Reserve’s recent rate hike to 3.9% is making waves in Nevada’s housing market, and as someone who’s navigated Las Vegas real estate for over 20 years, I want to break down what this means for everyone considering a move or investment here. While monthly mortgage payments will see a modest uptick, home prices are still holding strong. The upside? Buyers now have more room to negotiate, which is something I often help my clients leverage in today’s evolving market. If you’re a retiree, the higher interest rates could mean better returns on your savings—an important angle in planning ahead. With my background helping clients through every market shift since 2003, I’m always tracking these changes to ensure you’re making informed decisions, whether you’re buying, selling, or just exploring your options in Las Vegas.

10/05/2026

The Housing Market Is Getting More Negotiable
Over the past two decades navigating the Las Vegas real estate market, I’ve witnessed a variety of shifts, but what’s happening right now is especially noteworthy: we’re seeing a market where buyers have more room to negotiate. As inventory grows in many neighborhoods, there’s less rush to make immediate offers—giving buyers the chance to weigh more options and negotiate terms, especially on homes that have been listed a while or started out with ambitious pricing. Sellers are responding by adjusting prices and offering more flexible terms, from concessions to repair credits, just to capture serious interest. My approach has always been to guide clients through these evolving dynamics with transparency and care. Whether you’re comparing listings or preparing to sell, it’s essential to be realistic and strategic—this is where experience and understanding of local trends really count. As conditions shift, careful evaluation and smart negotiation make all the difference.

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Realty ONE Group Summerlin, 10750 W Charleston Boulevard, # 180
Las Vegas, NV
89138

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