#1 Answer to the Housing Shortage: New Construction

The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages.

The good news is that builders are now starting to build more homes in lower price ranges.

Builder Confidence is Up

The Housing Market Index from the National Association of Home Builders (NAHB) reveals that builder confidence increased last month. HousingWire quoted NAHB Chief Economist Robert Dietz about the reason for the increase in confidence amongst builders.

“The HMI measure of future sales conditions reached its highest level since June 2005, a sign of growing consumer confidence in the new home market. Especially as existing home inventory remains tight, we can expect increased demand for new construction moving forward.”

Builders are Meeting the Needs of Today’s Purchaser

Builders are not only jumping into the market – they are doing a better job of matching current demand. The Wall Street Journal recently reported:

“In a shift, new households are overwhelmingly choosing to buy rather than rent. Some 854,000 new-owner households were formed during the first three months of the year, more than double the 365,000 new-renter households formed during the period, according to Census Bureau data.”

The WSJ article went on to say:

“Home builders are beginning to shift their focus away from luxury homes and toward homes at lower price points to cater to this burgeoning millennial clientele.”

The graph below compares 2016 to 2017 new construction sales by price point. As we can see, builders are slowly beginning to shift to prices more favorable to the first-time and non-luxury buyer.

Bottom Line

There is a drastic need for a larger supply of home inventory to meet the skyrocketing demand. Builders are finally doing their part to help rectify this situation.  If you are exploring the real estate market for a new build or a resale home, give me a call for more information – J.P. Cook – 602-320-4253.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

2058 N Red Cliff Mesa, AZ 85207

New

$775,000

3 Beds

2.5 Baths

1,950 SqFt

Status Active

MLS # 6783611

Property Type Single Family Residence

Price Type --

Exquisite 3-Bedroom Home with Modern Resort-Style Backyard, Breathtaking sunsets, and Unmatched Community Amenities! Welcome to this stunning 3-bedroom, 2.5-bathroom home that offers the best of luxury living in a highly sought-after gated community. Inside, discover premium upgrades like custom shelving in the flex bedroom with Murphy bed and French doors and a 90-degree glass wall with power blinds that seamlessly connects indoor and outdoor spaces. Custom cabinets in the laundry and garage also provide ample storage, adding functionality to this beautifully designed home. Step outside to your private backyard oasis, featuring a heated pool with spa, a raised seating area around a cozy gas fire pit, and a fully equipped grilling station with a bar. Enjoy mountain views, city lights, and stunning sunsets from this tranquil sanctuary, framed by mature lilac vines and lush landscaping. The covered patio extends your living space with a built-in electric fireplace, TV, and custom touches for year-round enjoyment. As a resident, you'll have access to an array of amenities at the Owners Club, including multiple pickleball courts (one just outside your gates), tennis courts, basketball courts, ping pong, a massive resort-style pool, and a state-of-the-art fitness center with classes and happy hours. Explore miles of walking paths, nearby hiking trails, and enjoy quick access to Saguaro Lake and beautiful open skies. This ideal location also places you near both airports, as well as restaurants and shopping options. Don't miss your chance to own this incredible property in a community that truly has it all.

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6917 E Trailridge Circle Mesa, AZ 85207

$775,000

4 Beds

2.5 Baths

2,831 SqFt

Status Active

MLS # 6766366

Property Type Single Family Residence

Price Type --

A fantastic opportunity to own this well cared for Sonoran floorplan in the highly desirable community of Las Sendas in NE Mesa. Popular split floorplan with 3 BD + Den / 2.5BA & set on a generous, 15,000 + sq. ft, cul-de-sac lot. 3 car garage, low maintenance front & backyard landscape. Ideally located in Las Sendas, an ward winning master planned golf course community in the Mesa Uplands. This home is steps away from the amazing Hawes Loop trail system. Enjoy a variety of other amenities! Pools, parks, pickleball, tennis, & playgrounds. Close to Saguaro Lake, Salt River, Usery Regional Park. 20 min to ASU, Sky Harbor, Mesa Gateway. Washer/Dryer/Refrigerator Included

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2870 E Superstition Boulevard Apache Junction, AZ 85119

New

$775,000

3 Beds

2 Baths

2,934 SqFt

Status Active

MLS # 6784319

Property Type Single Family Residence

Price Type --

Beautifully remodeled home. This home is not just up to date and tasteful in design, it is very functional in it's layout. The main home lives larger than it's square footage implies. With it's large master suite and it's oversized great room. The designer styled kitchen is perhaps one of the larger kitchens for a home of this size. And additionally on the property is a separate detached 1200 square foot workshop with high ceilings, 220v service, A/C, and water within. The work shop is also equipped with a garage door to allow easy in/out accessibility of large items, or simply leave open while working. This corner lot property has front access from Superstition Blvd and also has rear access from Siesta St. for bringing in an RV to park or any large toys, equipment, horses, etc. The 2.5 acre lot has ample open space and allows you to enjoy the beautiful mountain views.

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18649 E Mcdowell Mountain Drive Rio Verde, AZ 85263

New

$775,000

3 Beds

3 Baths

2,918 SqFt

Status Active

MLS # 6784420

Property Type Single Family Residence

Price Type --

Welcome to paradise! Step into one of the most highly sought after 55+ communities in Arizona! Rio Verde has 2 private golf courses, a clubhouse, fitness center, heated pool & spa, community center, 6 tennis courts, 4 pickle ball courts, 2 Bocce ball courts, a post office, and a church. Check out the rioverdearizona website for more information! The moment you pull up to the home, you are greeted by beautiful views of the golf course, and a curb appeal that does not disappoint! This 3 bed, 3 bath, almost 3,000 sqft home in pristine condition features an entertainers dream backyard, water feature pool, and mountain views that cannot be beat!

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8614 E Winsdor Avenue Scottsdale, AZ 85257

New

$775,000

3 Beds

2.5 Baths

1,640 SqFt

Status Active

MLS # 6784092

Property Type Single Family Residence

Price Type --

This beautifully remodeled 3-bedroom, 2.5-bathroom home is the epitome of modern luxury and seamless indoor/outdoor living. Every detail has been thoughtfully updated, including brand-new appliances that make this home truly move-in ready. The centerpiece of the home is the stunning stacked slider that opens almost the entire length of the back of the house, complemented by an additional slider leading to the backyard. When both doors are open, the transition between indoor and outdoor spaces is flawless, creating a perfect setting for entertaining or simply enjoying the breeze. Step outside to your private oasis featuring a sparkling diving pool, lush turf in both the front and back yards, and a custom putting green for additional fun.

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1761 S Alder Leaf Lane Show Low, AZ 85901

$775,000

4 Beds

3.5 Baths

3,261 SqFt

Status Active

MLS # 6491456

Property Type Single Family Residence

Price Type --

This luxury home is nestled in a quiet cul-de-sac on a ½ acre lot, in the breathtaking Meadows of Torreon Golf Club in Show Low, AZ. The Lodge's first floor provides a generous master suite, kitchen with all stainless-steel appliances, half bath, laundry room, and cozy great room with a gorgeous gas fireplace. The 2nd floor has 3 bedrooms, full bath, a loft with balcony, and another master suite!

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10080 E Mountainview Lake Drive Unit 259 Scottsdale, AZ 85258

$775,000

2 Beds

2 Baths

1,152 SqFt

Status Active

MLS # 6601959

Property Type Apartment

Price Type --

Looking for a stunning waterfront condo in Scottsdale? Look no further! This recently renovated 2 bedroom, 2 bathroom condo is a gem in this development. With many secondary homeowners in the community, this smart home offers connivence whether you're near or far. Indulge in breathtaking water views, with occasional boat parades from your private balcony. The open floor plan is designed for seamless entertaining. The kitchen is a chef's dream, featuring high-end stainless steel appliances, stunning quartz countertops, and abundant cabinet space. Don't let this opportunity to turn this into your dream home slip away! Bay Club offers an array of luxurious amenities including sparkling pools, gym facility, and the added bonus of a very short distance to Scottsdale Ranch Park.

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43211 N 16th Street New River, AZ 85087

$775,000

4 Beds

3 Baths

2,958 SqFt

Status Active

MLS # 6620566

Property Type Single Family Residence

Price Type --

A hidden gem in Desert Hills / New River. This 2.5 acre property on level ground features tons of potential for the right buyer. This block home features 3 bedrooms / 2 full bath in the main house with an attached guest quarters with a full bath and separate entry from the exterior with it's own single car garage. The property has a pool with gazebo off of the den / kitchen area that is private and secluded. The property has a detached 2 car / shop with electric and a barn to the south of the shop. Plenty of opportunity to make this a horse property or storage for your toys. Property features a private well with water storage as well. Best of all the property is in move in shape so you can start living right away.

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18067 E Vista Desierto -- Rio Verde, AZ 85263

$775,000

2 Beds

2 Baths

1,948 SqFt

Status Active

MLS # 6664147

Property Type Single Family Residence

Price Type --

Huge PRICE REDUCTION and now includes all FURNISHINGS and GOLF CART! Live the resort lifestyle at the amenity-rich Trilogy at Verde River! This home is completely furnished, lightly lived in, and meticulously maintained. Shows like a model with tons of beautiful upgrades throughout including neutral tile, designer accent walls, designer lighting and a gourmet kitchen package just to name a few. 2 Bedrooms, 2 Bathrooms plus a versatile Den space and a separate Golf Cart Garage that is great for the toys, extra storage, work shop, etc. The backyard has a built in barbeque, beautiful mature landscaping, expanded patio space and privacy letting you enjoy the magnificent AZ evenings in a tranquil setting. Trilogy at Verde River is a Resort Style community featuring something for everyone! Tom Lehman designed golf course, tennis, pickle ball, bocce ball, heated lap pool and swimming pool, hot tub, fitness center, demonstration kitchen and a 7.5 acre dog park. The community center has casual and fine dining, luxury spa and an events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails yet close to the conveniences of affluent North Scottsdale. Live like you're on vacation!!

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1508 N Alta Mesa Drive Unit 120 Mesa, AZ 85205

$775,000

3 Beds

2.5 Baths

2,142 SqFt

Status Active

MLS # 6698793

Property Type Townhouse

Price Type --

Priced thousands below current appraisal! LOCK AND LEAVE!!! Luxury living located in the highly desirable ''Clubhouse Village at Alta Mesa''! A home where you are steps away from the fabulous private golf course, splashing around in the pool or dining with friends at the clubhouse! Once inside you will be greeted with soaring ceilings, custom crown molding, plantation blinds throughout, gourmet kitchen with granite countertops, custom cabinets throughout, and a inviting patio area with built-in BBQ for relaxing and entertaining! In the garage you will find additional parking for your golf cart and climate controlled attic access! Too many amenities to list! Located close to restaurants, shopping, freeways and more! Call today!!!

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20132 W Colter Street Litchfield Park, AZ 85340

$775,000

3 Beds

3 Baths

2,823 SqFt

Status Active

MLS # 6703854

Property Type Single Family Residence

Price Type --

This custom home with mountain and city views located in Beautiful Arizona Estates. Situated on a generous 1.29 acre lot, providing ample space for outdoor activities w/horse privileges. Natural landscape, front and back. Ample parking, plus a horseshoe driveway. Oversized 3-car garage, (garage has shower and sink). Inspired by an award winning floor-plan, this features 3 large bedrooms and a spacious den with curved window bench. Great room with firelplace (plumbed for propane). A covered patio and fenced front courtyard are ideal spaces for outdoor dining or simply relaxing while enjoying the stunning mountain views. In addition, the property includes a tough shed for extra storage or workspace. Close to local parks, shopping centers, and dining options.

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8634 E Monterosa Avenue Scottsdale, AZ 85251

$775,000

3 Beds

2 Baths

1,936 SqFt

Status Active

MLS # 6717698

Property Type Townhouse

Price Type --

Located in the Sands East Townhouse community, this home was recently renovated and has been has impeccably maintained. Open living, dining, and kitchen floorplan with new flooring, quartz countertops, eat-in bar top, stainless steel appliances, and custom white cabinets. Primary suite features large window and remodeled bathroom with dual sink vanity and oversized shower. Backyard includes covered patio and expanded tile patio with multiple areas to dine, lounge, and entertain. Desert front and back landscaping with new plants, lighting, and drip irrigation. Additional features include new interior paint, 2 guest bedrooms, and NEST thermostat. Home is located just minutes from Scottsdale's top resorts, shopping, golf, and restaurants.

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