Epic Housing Shortage Being Reported

Epic Housing Shortage Being Reported | Simplifying The Market

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.

The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction.

Regarding Existing Home Inventory:

“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide, which at the current sales rate was just 3.6 months of supply – almost half of the 6.0 months level that is considered a balanced market.”

Regarding New Home Inventory:

“Markets nationwide are still feeling the effects of the deep and extended decline in housing construction. Over the past 10 years, just 9 million new housing units were completed and added to the housing stock. This was the lowest 10-year period on records dating back to the 1970s, and far below the 14 and 15 million units averaged over the 1980s and 1990s.”

Bottom Line

The biggest challenge in today’s market is getting current homeowners and builders to realize the opportunity they have to maximize profit by selling and/or building NOW!!  Give me a call to get started – J.P. Cook – 602-320-4253.

What’s Your Home Worth?

Search for Your New Home

10188 E Cortez Drive Scottsdale, AZ 85260

$2,150,000 - 4Br/3Ba -  for Sale in Rosalee Ranch, Scottsdale
Open House
$2,150,000
4 Beds
3 Baths
3,970 SqFt
Status Active
MLS # 6766223
Property Type Single Family Residence
Price Type --
Located in the coveted Cactus Corridor, this meticulously upgraded 4-bedroom plus office, 3-bath home spans 3,970 square feet on over 3/4 of an acre. The stunning exterior boasts a circular driveway set against a backdrop of 80 mature trees and a freshly landscaped yard, complete with new sod, an updated irrigation system, and charming herringbone pavers. Step inside to discover a grand foyer leading into a living room with 20-foot wood-plank beamed ceilings and resurfaced fireplaces, creating a resort-like ambiance. The home has been retrofitted for a whole-home 8-zone audio system and networking throughout, making it a tech-savvy haven.The chef's kitchen is a culinary dream with new appliances, and a 50 sqft pantry, flowing seamlessly into both casual and formal dining spaces. The downstairs bedroom offers comfort for guests, while the expansive primary suite includes a private balcony, dual walk-in closets, and a luxuriously updated bathroom. Outdoors, the resort-style pool has been extensively remodeled with a pebble-sheen surface, salt-water generator, and Kool Deck. The property also features a BBQ island with built-ins and a dedicated dog run, ensuring every family member is catered to.Additional luxury upgrades include a new high-efficiency, 'smart' hybrid water heater, Tesla Wall Charger, 400-amp electrical service to accommodate any future upgrades, and a comprehensive Unifi camera security system with extensive LAN storage. Practical enhancements like smart thermostats, new air handlers, crown molding, and upgraded lighting throughout make this home as functional as it is beautiful. Situated in a prime location with unobstructed views of the majestic McDowell Mountains, this home offers privacy, tranquility, and the ultimate setting for creating lifelong memories.

12164 N 120th Way Scottsdale, AZ 85259

$2,149,999
5 Beds
3.5 Baths
3,750 SqFt
Status Active
MLS # 6753467
Property Type Single Family Residence
Price Type --
The best views in the community can be yours! This gated 5 bedroom, 3.5 bathroom custom home is elevated on the most spectacular lot in the cul-de-sac. The stunning vaulted great room features floor to ceiling windows which flood the home with natural daylight. The tongue and groove ceiling feature extends from the great room, outside to your covered patio. Creatively re-designed by artist Bari of Bari J. Designs, these rooms have been featured in local publications including The Spruce and One Room Challenge. Every corner of this house has been thoughtfully designed in its own unique way, from the modern kitchen to the recently updated bathrooms and one of a kind garage. The sprawling backyard captures stunning pink Arizona sunsets, city lights and desert mountains. The cozy, outdoor fire pit and multiple covered patio spaces, make this home perfect for entertaining. With the desert wash behind you, enjoy privacy and uninterrupted panoramic views which may also be appreciated from your rooftop view deck. This home is within one of the most sought after school districts, Mayo Clinic, Lost Dog Wash Trail, restaurants and more. Please see documents tab for Seller Improvements.

10015 N 55th Street Paradise Valley, AZ 85253

$2,149,900
5 Beds
3 Baths
3,766 SqFt
Status Active
MLS # 6759455
Property Type Single Family Residence
Price Type --
Amazing residence on a private cul-de-sac lot with views of Camelback Country Club Golf Course & amazing mountains! Double custom iron-work doors open to the dramatic entrance of the staircase overlooking the Great Room, which highlights a fireplace & soaring high ceilings. Panoramic windows, designer tile & natural stone, 3 fireplaces, surround sound speakers, plantation shutters, & elegant light fixtures. Fabulous dining room ideal for dinner parties. Immaculate kitchen showcases a large center island great for entertaining, granite counters, built-in SS appliances & a wine cooler, & tons of cabinets. Oasis backyard offers a pebble-tech pool with gorgeous waterfalls, putting green, & large covered patio. For your vehicles, you'll find a 3-car oversized garage and an RV gate. Huge main retreat features a spa-like bathroom with a shower boasting a glass block wall, a jetted tub, dual square vessel sinks, & walk-in closet. Great home with solar from Tesla. Great opportunity! Bring your buyers, they will love it! Hurry!

8014 E Del Tesoro Drive Scottsdale, AZ 85258

$2,149,000
4 Beds
4 Baths
2,581 SqFt
Status Active
MLS # 6776375
Property Type Single Family Residence
Price Type --
Welcome Home to your custom 4 bedroom, 4 bath dream home in the highly sought-after area of McCormick Ranch! This stunning single level property has been fully re-imagined by the design talents of 555 Angel Designs and is now in immaculate, like-new condition. As you enter the home, you'll be greeted by a spacious and open floor plan. The living area features soaring ceilings, custom wood work and French Doors that flood the space with natural light, creating a warm and inviting atmosphere. The kitchen is a chef's dream with brand new top of the line appliances, beautifully appointed and honed countertops and custom cabinetry that provide ample space for cooking and entertaining. Adding to this thoughtfully designed home, where sophistication, convenience and comfort come together beautifully the home features a dedicated mudroom that provides a perfect drop-zone, keeping the rest of the home pristine, while the separate laundry room streamlines daily chores with ease. For those who love to entertain, the built-in bar offers a stylish space to serve drinks and create memorable gatherings. Each feature has been crafted to elevate your lifestyle, blending functionality with elegance. The luxurious primary bedroom is a true retreat, boasting a spacious bedroom with plenty of natural light, a stunning ensuite bathroom with a walk-in shower, freestanding tub, double vanity and a large walk-in closet. Three additional well sized bedrooms (or a private and secluded quiet office) and three full bathrooms provide plenty of space for family and guests. A private oasis backyard, with a new pool, covered patio and new landscaping provide the perfect space for outdoor living and entertaining. This home is just minutes away from shopping, dining, and entertainment, as well as top-rated golf courses, schools (the three Cs) and parks. Don't miss this opportunity to own a completely updated and move-in ready home in one of the most desirable areas of the city!

11827 S Tuzigoot Court Phoenix, AZ 85044

$2,149,000
5 Beds
5.5 Baths
5,586 SqFt
Status Active
MLS # 6712624
Property Type Single Family Residence
Price Type --
Discover the epitome of Luxury Living in the prestigious Ahwatukee Custom Estates! Located in a Cul-de-Sac, this stunning Custom-Built Home was meticulously designed to blend elegance and functionality. Surrounded by the breathtaking mountains of South Mountain, this 5,586 sq. ft. residence offers an unparalleled living experience with hiking and mountain biking right out your front door to the Trails of South Mountain Park. Enjoy amazing Mountain Views from the Front Yard, Living Room, Game and Family Room, and Upstairs Bedrooms. With 2 Stories, this home boasts mature ash trees, an expansive lawn, and a prestigious front door leading to a sweeping landing and stairs. Perfect for formal entertaining, it features an elegant dining area, fireplace, and wet bar, all with views and access to the beautifully landscaped grounds. The kitchen, the heart of the home, is finely appointed with a massive island, pantry, spacious dining area, coffee port, baking center, ample counter space, and only the best appliances - Sub-Zero, Wolf & Dacor - making it ideal for entertaining and convenience. The Primary Suite, with City Light Views from the Bedroom & Balcony, includes a luxurious bathroom, a huge walk-in closet, a Toto Washlet Toilet and even a secret door for safe and easy access to the secondary bedrooms. The Family Room off the Kitchen is complete with an adjoining game room, cozy fireplace, TV setup, and easy access to the backyard, perfect for gatherings. The lush front and backyard are adorned with mature ash and beautiful palm trees, creating a Resort Style atmosphere. Located in a serene cul-de-sac, this home ensures peace and tranquility on a very quiet street. The backyard is a haven for fun and relaxation, featuring a built-in BBQ, lap & play pool, spa, outdoor shower, treehouse, trampoline, and ample seating and dining areas. An upstairs back patio with a circular staircase leads down to the main patio, enhancing the outdoor experience. This home is a paradise for sports and fitness enthusiasts. Enjoy a lap pool for swimming or water aerobics, a sport court for basketball, and a workout room with a full bath that opens to the lush yard. The expansive 4-car garage and RV gate provide ample storage and convenience. This home includes en-suite bedrooms for privacy, built-in office spaces for work-from-home or study needs, and thoughtful details like a laundry chute from the upstairs, wrapping area, and dog door, ensuring ease and comfort for all lifestyles. Experience the best of Ahwatukee living with these exceptional features!

6240 E Ironwood Drive Scottsdale, AZ 85266

$2,149,000
5 Beds
4.5 Baths
5,005 SqFt
Status Active
MLS # 6731369
Property Type Single Family Residence
Price Type --
LUXURY home located in the gated ALTERRA community of Scottsdale. Nature areas on all 3 sides of the home and is a true gem! This beautiful 5,000 sq. ft. home sits on a 200k upgraded corner lot with 5-bedrooms, 4.5-bathrooms with 2 additional bonus rooms for a recreational room & office, and a 3-car garage. An inviting open concept floor plan with an elegant design including high ceilings, picture perfect windows, and a spacious living room & great room with a gas fireplace, the perfect place to entertain family & friends. The kitchen features a Sub-Zero fridge, Wolf gas cooktop, granite countertops, SS appliances, an island with breakfast bar, and 2 Dacor ovens. There is a formal dining room and breakfast area off the kitchen. The primary bedroom features two large walk-in closets with built-in shelves, an amazing ensuite bathroom with separate tub & shower, dual vanities and plantation shutters. The remaining bedrooms are ample size and include plantation shutters. Don't forget about the backyard oasis with a fully equipped ramada, and a sparking pool with a jacuzzi. Highest rated school system (CCSD) in the state and K-6 school1/2 block away. Nearby golf & hiking. Seller has provided an upgrades list available upon request. Other upgrades include a stereo system throughout the home, 8-foot solid core doors, and a security system with (8) 4K cameras.

8631 E Mariposa Drive Scottsdale, AZ 85251

$2,145,000
4 Beds
4 Baths
3,152 SqFt
Status Active
MLS # 6751768
Property Type Single Family Residence
Price Type --
NEW CONSTRUCTION!! ANOTHER BRAND-NEW '2024' HOME! JUST COMPLETED! INTRODUCING THE LATEST RELEASE IN THE - LINE-UP- OF NEW BUILDS THAT ARE CURRENTLY UNDERWAY - THE NEWEST ADDITION TO THE 'RESIDENCES OF DISTINCTION COLLECTION' BUILT EXCLUSIVELY BY 'SCOTTSDALE'S MOST PROLIFIC INVESTOR, DEVELOPER, DESIGNER'... MUCH LIKE IN GREEK MYTHOLOGY - 'PROMETHEUS' BRINGS THE GIFT OF FIRE TO HUMANITY, 'SCOTTSDALE'S PREMIER LUXURY BRAND' BRINGS US CREATIVE HOMES THAT LIGHT THE FIRE WITHIN US! Located on MAGICAL MARIPOSA Drive in coveted South Scottsdale, the entire front is picture-framed by 2 majestic palm trees, enveloped in 'evergreen' turf, 2-tone geometric designed jaw dropping exterior with black 'faux' brick statement corners, a paved covered courtyard leading to floor-to- ceiling black framed entry door, all this before we have even stepped inside!! These are merely examples of the ELEMENTS OF DESIGN based on experience & expression that 'SCOTTSDALE'S PREMIER LUXURY BRAND' utilizes in creating these BRAND NEW, UNIQUE & FIRST OF THEIR KIND, 'RESIDENCES OF DISTINCTION' in SOUTH SCOTTSDALE! Once you've crossed the threshold, be prepared to be overwhelmed! Engineered Hardwood Floors guide you through the open-concept Living spaces consisting of Living Room, Family Room, Formal Dining Room amplified with large panes of glass, wall to wall sliders, 2 'over the top' Restoration Hardware' Chandeliers, skylights, recessed & coffered Ceilings, statement Wine Gallery & focal point 'multi-color' illuminating Fireplace back-splashed with black inlaid quartz & a decadent black/gold guest bathroom tucked behind custom designed Barn Doors. Waiting around the corner you'll find the picture book state-of-the-art Designer '2-tone' Kitchen, fully integrated with top-of-the-line COVE/ SUBZERO/ WOLF appliances & with 10 ft statement island, gas cooktop & overhanging white vented hood...it's a entertaining showpiece! Let's venture outdoors to the covered terrace overlooking the HEATED POOL that wraps around the home creating a LAP POOL experience adjacent to the JACUZZI with gorgeous water feature overflow all backdropped by tall trees. Create unforgettable memories from 'el fresco' dining spaces & fully equipped built-in BBQ & BEVERAGE Bar. Spiral up the stairway to the UNIQUE ROOFTOP DECK where stunning views of Camelback Mountain are seen! Retreat to the ACCOMMODATION WING down a hallway hand-laid in wood & mirrored artistry where 4 BEDROOMS (DUAL PRIMARY SUITES) & 3 BATHROOMS are perfectly positioned all reminiscent of the most luxurious hotel rooms - find 2 bedrooms en-suites with massive walk in closets & 'FourSeasons' like bathrooms. Each of the 4 bedrooms have opulent 'Restoration Hardware' chandeliers. There is a romantic fireplace in the grand primary & Ladies cosmetic corner in the 2nd primary. EVERY FEATURE is of an impressive scale including the the WALK-IN PANTRY, gorgeous LAUNDRY ROOM with floor to ceiling black cabinetry as well as the 2 CAR GARAGE with signature non-stick flooring, an electric car charger, built-in storage cabinets, designer lighting and double insulated garage doors. Add in thousands of square foot of paved off street parking, magnificent landscaping & lighting, tons of artificial turf AND THIS 'NEW BUILD' FROM UNDERGROUND-UP MAKES AN INDELIBLE STATEMENT!!

3304 E Birchwood Place Chandler, AZ 85249

$2,125,000
5 Beds
4 Baths
5,366 SqFt
Status Active Under Contract
MLS # 6763887
Property Type Single Family Residence
Price Type --
BEAUTIFUL RESORT STYLE BACKYARD IN VALENCIA IN SAN SEBASTIAN! ENTERTAINER'S DREAM! FEELS LIKE A COASTAL HOME. 5366 SQFT RANCH HOME WITH A GRAND STAIRCASE TO A FINISHED BASEMENT, LOCATED ON THE LARGEST PREMIUM CORNER LOT ON A CUL-DU-SAC AND BACKYARD VIEWS OF THE BEAUTIFUL PRIVATE PARK WITH A LAKE AND FOUNTAIN. THE CUSTOM LARGE OUTDOOR STRUCTURE WITH TV, HEATERS AND MISTERS IS USED ALL YEAR AROUND FOR ENTERTAINING. THE INTERIOR HOME HAS BEEN PROFESSSIONALLY DESIGNED, 5 BEDROOMS PLUS DEN, INCLUDING ONE THAT COULD BE CONVERTED EASILY INTO A CASITA ENTRANCE, 4 BATH, 4 CAR GARAGE WITH EPOXY FLOOR, 4 FIREPLACES, SUBZERO FRIDGE, WOLF RANGE, WALL OVEN AND MICROWAVE, 2 KITCHEN AID DISHWASHERS, WASHER&DRYER IN MASTER CLOSET, 6 RING CAMERAS AROUND PERIMETER, WET BAR AND WINE CHILLER, CENTRAL VAC, RO, COMPLETELY REMODELED KITCHEN WITH CUSTOM CABINETY, CUSTOMER BEAM CEILINGS. REMODELED MASTER AND MASTER BATH. $400,000 BACKYARD INCLUDING LUSH LANDSCAPE AND LARGE PALMS THROUGHOUT, OUTDOOR LIVING SPACE WITH COMMERICAL MISTERS, HEATERS, BBQ, SMOKER, CHILLER, WINE CHILLER, FIELD AREA WITH SOCCER WALL, GOLF CHIPPING AREA, TURF IN COMMON AREAS, HEATED SPA AND POOL WITH HUGE WATER FALL W/ GROTTO AND TUBE SLIDE. LOTS AREAS FOR SHADE AND SPACE FOR DINING AND LOUNGING. THIS LOT HAS A HUGE SIDE YARD FOR BUILDING ADDITIONAL GARAGE SPACE, CASITA OR PICKBALL, VOLLYBALL COURTS. ACCESS WITH DOUBLE GATES.

10803 W Dove Roost Road Queen Creek, AZ 85144

$2,100,000
3 Beds
2.5 Baths
3,628 SqFt
Status Active
MLS # 6778740
Property Type Single Family Residence
Price Type --
Welcome to your dream oasis located in the gated community of Santo Vallarto in Queen Creek! This home truly has it all! A single-story home with a split floor plan, 3 spacious bedrooms plus a flex room, 2.5 bathrooms, separate formal dining, and an office/den! Enter the home through a beautiful, gated courtyard with a welcoming water feature. Step inside the home through a custom iron door to a beautiful open concept living area. Living room includes a built-in media wall with an electric fireplace. A built-in bar counter space with a sink and wine fridge transitions over to the kitchen that includes an island and eat in kitchen. . The spacious master bedroom has private access to the pool/backyard, huge walk-in closet, separate tub and walk in shower, and double sinks. Enjoy the San Tan Mountain views from your backyard that include an electric heated pool, water feature, hot tub, outdoor kitchen with island and ramada. The artificial turf and lush landscaping are inviting! Relax around the gas firepit or under the extended covered patios. The custom 80 ft length RV garage is complete with spray foam insulation and separate heat pump for AC cooling and heat option. The RV garage also has rear doors, polished flooring, car lift, RV and welding plugs. This custom home has many more features you must see!

4632 N Regent Street Buckeye, AZ 85396

$2,100,000
4 Beds
4.5 Baths
4,394 SqFt
Status Active
MLS # 6682296
Property Type Single Family Residence
Price Type --
This is your opportunity to build an exquisite custom home in Verrado. Either design your own custom dream home with us, or build this home already specifically designed for this unique property, boasting a captivating great room floor plan and situated on an expansive, 2/3 acre lot, providing the perfect canvas for your vision of luxury living. With the unique opportunity for the buyer to choose all finishes, this remarkable residence promises an unparalleled level of customization and sophistication. Step into the heart of this home, and be greeted by a kitchen that is as functional as it is beautiful. The buyer has the freedom to select their desired stone for the island, countertops, and backsplash, creating a kitchen that reflects their personal style and taste. Every cabinet in this culinary haven is equipped with slow-close drawers and doors, embodying the seamless blend of convenience and refine craftsmanship. Viking appliances and a pot filler adds an elegant touch to the culinary experience, while the presence of a butler pantry with a separate food prep area allows for seamless organization and efficiency. With 42 upper cabinets and 30 lower cabinets, ample storage space is provided, ensuring a clutter-free environment. The 3cm countertop edge profile adds a luxurious finishing touch to this stunning kitchen. The elegance continues throughout the home with a choice of 12x24 or 24x36 tiles in all wet areas, creating a cohesive and visually pleasing aesthetic. The 8 baseboards and solid core doors add an extra layer of sophistication and durability. Step outside and discover an oasis of relaxation and entertainment. The outdoor space boasts a fully equipped kitchen with a grill, icemaker, and dual burner gas cooktop, offering the perfect setting for al fresco dining and culinary adventures. An outdoor wood-burning fireplace sets the stage for cozy gatherings on cool evenings. The centerpiece of the outdoor area is the stunning 25x50 swim-up beach pool with a separate spill-over hot tub, providing a luxurious retreat for relaxation and recreation. Every bathroom in this custom home features custom stone and tile showers, exuding opulence and sophistication. The master shower is equipped with dual body systems, ensuring a spa-like experience in the comfort of your own home. Satin nickel Moen fixtures add a sleek and modern touch throughout. For effortless entertaining, a wet bar area is thoughtfully incorporated, complete with a sink, refrigerator, and icemaker, ensuring that refreshments are always close at hand. Indulge in the opportunity to create your dream home with this exceptional custom residence. From the meticulously designed kitchen to the luxurious outdoor oasis, every detail has been carefully considered to provide the ultimate in comfort, style, and functionality. Embrace the chance to curate a space that reflects your unique vision and experience the epitome of elegance and refinement in this remarkable custom home. This amazing custom builder offers ICF construction and a Tesla Solar Roof System as affordable options to ensure your. home is net zero

12411 N 133rd Place Scottsdale, AZ 85259

$2,100,000
4 Beds
4.5 Baths
4,596 SqFt
Status Active
MLS # 6758712
Property Type Single Family Residence
Price Type --
VOTED BEST HOME ON TOUR! Panoramic views of the majestic McDowell Mountains surround this luxurious custom home in guard-gated Scottsdale Mountain, with soaring 11' ceilings and oversized windows. This home is an entertainer's paradise with wrap-around balconies, heated salt-water pool, and open floor plan. Formal living room, dining room, and family room with fireplace flow from a gourmet kitchen to complete this contemporary floor plan. All four bedrooms offer private ensuites, including a lower-level suite with a kitchenette and pool access. Plus a bonus office or nursery. Designer light fixtures and curated landscaping add to this home's mountainside elegance. Community perks include pickleball, tennis, a spa, and 24-hour security. Fine dining, golf, and top-rated schools nearby

27799 N 67th Way Scottsdale, AZ 85266

$2,100,000
4 Beds
6 Baths
4,220 SqFt
Status Active
MLS # 6737500
Property Type Single Family Residence
Price Type --
Original owner of this beautiful custom home on a corner lot in prime North Scottsdale is ready for your personal touches. From the gated entry into the private courtyard, you will be surprised to see two additional attached casitas with one bedroom and bath each allowing privacy for family and guests. Enter into the large living room combination dining room with fireplace, wet bar and bar refrigerator. Fabulous kitchen with granite counters, a breakfast bar, two built in ovens and a microwave, gas cooktop and huge refrigerator. The master suite has its own private courtyard, his and hers walk in closets, separate shower with two heads, a jetted soaking tub and two separate vanities. Bedroom 2 has an ensuite bath while Bedrooms 3 and 4 share a full bathroom between them Bedroom 4 is huge and you may consider using this room for a home theatre, family entertainment area, and it is large enough for a pool table or exercise equipment. The laundry room has lots of storage, complete with washer, dryer and a laundry sink..even a built/in ironing board. The two car garage faces the street and the third garage is side entry . So many extras in this home, you really have to see it for yourself and make it your new home.

Leave a Reply

Your email address will not be published.