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.

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312 E Windsor Avenue Unit 11 Phoenix, AZ 85004

$899,000
3 Beds
3 Baths
2,400 SqFt
Status Active
MLS # 6750873
Property Type Townhouse
Price Type --
Our eyes are made to see forms in light: light and shade reveal these forms. Rising like the sun over Midtown Phoenix is Soleil. Inspired by Original Modernism; built for connoisseurs of live, work, play. There's a renaissance going on in PHX and you can be close to it all. Uber or light rail yourself to 3 rd Street Promenade and into secluded hidey holes! And when you need to unwind? You're 15 minutes away from exciting, desert hiking trails. It's here you'll witness sun-setting colors pour and splash themselves all over the Sonoran Desert.

5843 W Abraham Lane Glendale, AZ 85308

$899,000
4 Beds
2.5 Baths
3,003 SqFt
Status Active
MLS # 6753165
Property Type Single Family Residence
Price Type --
Situated on the 15th Fairway of the Legends Golf course in Arrowhead Lakes, This 4 bedroom 2.5 bath home is beautifully appointed. Step inside to a grand entrance with a gorgeous view of the golf course with three large picture windows in the open living/dining room. Kitchen features include granite counter tops, rich cabinetry, stainless appliances, wall ovens, gas cooktop, kitchen island and great breakfast area. Cozy family room anchored by a gas fireplace. Wonderful primary bedroom with ensuite where you will find a step in shower, soaking tub, dual vanities and walk in closet. Shutters, architectural niches, and arched entries are just some of the special touches you will notice. Outside you will find a lovely covered patio overlooking the infinity swimming pool and spa. Nicely landscaped back yard space with al fresco dining area and built in BBQ. Perfectly located with close proximity to shopping, entertainment and freeways - this gorgeous home has it all.

19055 E Poco Rio Drive Rio Verde, AZ 85263

$899,000
3 Beds
2.5 Baths
2,972 SqFt
Status Active
MLS # 6757638
Property Type Single Family Residence
Price Type --
Welcome to your dream retreat in the heart of Rio Verde's sought-after active adult community! This stunning 3 bed, 2.5 bath home offers 2,972 sqft of thoughtfully designed living space on a quiet interior cul-de-sac lot. Step inside to discover a spacious, open-concept layout filled with natural light and breathtaking mountain views. The chef's kitchen is a true highlight, featuring newer appliances, ample counter space, and a generous island perfect for meal preparation and entertaining. The adjacent dining area opens up to a large wrap-around patio, where you can savor the spectacular views and enjoy outdoor living at its finest. The primary suite boasts two walk-in closets, a luxurious en-suite bathroom with a walk-through shower, and two additional rooms that can be used as an office makeup room, or flex space to suit your needs. The second bedroom also offers its own en-suite bathroom for added convenience and comfort. An additional half-bath is perfect for guests. This home's location within a vibrant active adult community ensures a dynamic lifestyle, complete with championship-caliber 36-hole golf courses, pickleball courts, Tennis courts, Stunning fitness facility, Huge lap pool, and numerous social opportunities.

1245 W Caroline Lane Tempe, AZ 85284

$899,000
4 Beds
2 Baths
1,890 SqFt
Status Active
MLS # 6775035
Property Type Single Family Residence
Price Type --
Here's an opportunity you don't want to pass up in South Tempe. This 1.2 acre, flood irrigated, county island lot, features a nearly 1900 sq. ft. block home with its own well, built for its owner and only occupant, ever. In addition, there is an enclosed 420 sq ft AZ Room, and a 228 sq ft workshop attached to the oversized two car garage. Back then, this part of town was mostly farm land, all around. Today it sits in a thriving, land-locked city where opportunities like this are few and far between. Remodel or build your new dream home, the choice is yours. There is plenty of room to create your heart's desire. NO HOA. Easy access to freeways and shopping and restaurants, make it an ideal location! Listing includes 3 parcels: 301-60-009R, 301-66-496, 301-66-502.

1420 N Vincent Circle Mesa, AZ 85207

$899,000
5 Beds
3.5 Baths
4,011 SqFt
Status Active
MLS # 6767576
Property Type Single Family Residence
Price Type --
Unwind as you enter your gated community. There's so much to enjoy in this home, two primary bedrooms, one upstairs & one downstairs; from the Granite kitchen countertops and 42'' maple cabinets, to the large laundry room w/cabinets & counters and the 4 Car garage. Step out back and savor a refreshing dip in the pool while you soak in the fresh desert air. 5 bedrooms offer plenty of space for everyone. And there's so much to do nearby. Take a short walk up Brown Mountain. Explore the trails at Usery Mountain Regional Park. Have fun at Rio Salado Sportsman's Club. Tube down the Saguaro River. Go fishing in Saguaro Lake. Whether you want to stay home or get out, there's plenty to keep you as busy as you want to be. - Temporary 1-0 BuyDown offered by preferred lender for qualified buyers.

29247 N 70th Avenue Peoria, AZ 85383

$899,000
5 Beds
3.5 Baths
4,054 SqFt
Status Active
MLS # 6768748
Property Type Single Family Residence
Price Type --
Welcome to this stunning 5-bed, 4-bath home in the foothills of Sonoran Mountain Ranch! Boasting great curb appeal on this North-South facing home with new exterior paint, a 3-car garage with custom cabinets, overhead racks, and bright open floor plan featuring vaulted ceilings, plantation shutters, and new wood laminate flooring. A spiral staircase leads upstairs with 2 loft areas perfect for a game room or separate living space and 4-bedrooms. The gourmet kitchen offers granite counters, espresso cabinetry, breakfast bar and a walk-in pantry. Enjoy the luxurious downstairs master suite with custom closets and spa-like ensuite. The tropical backyard features a pool, jacuzzi, paver patio, and lush landscaping. Gorgeous mountain views, and hiking trails. Move-in ready w/ $100K in upgrades! This stunning 5-bed, 4-bath home offers an unmatched blend of luxury, comfort, and convenience. With its striking curb appeal, featuring new exterior paint and a 3-car garage equipped with custom-built cabinets and overhead racks, this residence is move-in ready with $100K in upgrades! Step inside to an open floor plan with soaring vaulted ceilings, plantation shutters, and an abundance of natural light. The newly installed wood laminate flooring enhances the modern feel throughout the home. The gourmet kitchen is a chef's delight, boasting granite countertops, beautiful staggered espresso cabinetry, a walk-in pantry, and a gas cooktop. Whether hosting guests or preparing family meals, this kitchen is equipped for it all. Retreat to the luxurious downstairs master suite, which features custom Classy Closets, dual sinks, a spacious walk-in closet, and a spa-like shower with a dry-off area. Upstairs, you'll find two separate loft areas, perfect for a game room or additional living space, along with four generously sized bedrooms. The backyard is an entertainer's paradise! Relax or entertain on the paver-covered patio surrounded by lush, tropical landscaping. Enjoy the privacy of no neighbors behind as you take a dip in the sparkling pool and jacuzzi, or simply unwind on the artificial turf. Located in the serene Sonoran Mountain Ranch, this home offers stunning mountain views, with parks and hiking trails just a short walk away. Don't miss your chance to own this meticulously maintained, move-in ready gem!

7025 E Belleview Street Scottsdale, AZ 85257

$899,000
3 Beds
2 Baths
1,700 SqFt
Status Active
MLS # 6773474
Property Type Single Family Residence
Price Type --
Discover your dream oasis in this fully renovated modern estate, offering an open floor plan, premium finishes, and luxury amenities. Extensive upgrades include a new roof, AC system, electrical panel, and more—all permitted and inspected. Enjoy sleek new doors, windows, and fixtures throughout. The resort-style backyard features a 12x28 pool with smart controls, a 7-seat Jacuzzi, and low-maintenance Tiger Turf landscaping. This turnkey, fully furnished short-term rental boasts 5-star reviews and professional management available. Don't miss this incredible investment opportunity! Enhanced Security: Benefit from modern privacy and security gates with smart locks, providing peace of mind. Energy Efficiency: High-efficiency appliances contribute to reduced energy consumption and lower utility bills. This home is move-in ready, with investment in furniture and décor. Benefit from the expertise of professional property management whose white-glove concierge service handles everything from guest interactions to property maintenance, allowing you to enjoy passive income.

12623 S 179th Drive Goodyear, AZ 85338

$899,000
5 Beds
4 Baths
4,800 SqFt
Status Active
MLS # 6774672
Property Type Single Family Residence
Price Type --
TW Lewis Basement Home backed up to Golf Course located in Estrella Mountain Ranch. Inviting Courtyard to 5 Bedroom, 4 Bath well cared for Home, Great Room with Stone Accents and Fireplace adjacent to Large kitchen with Granite Bar, Counters and Island. Spacious Primary Suite with Walk in Shower, Large Soaking Tub, Separate Walk in Closets and Private Door to Patio and Pool. Main level also has 2 more Bedrooms, Baths and Office space. Huge Basement complete with Entertainment area, 2 Bedrooms, Full Bath and finished storage room. Backyard boasts Covered Patio, Diving Pool with Waterfall and resurfaced deck. Home equipped with assumable leased Solar. Most furniture available for sale separately.

9827 W Keyser Drive Peoria, AZ 85383

$899,000
5 Beds
3.5 Baths
4,177 SqFt
Status Active
MLS # 6773517
Property Type Single Family Residence
Price Type --
This wonderful home is located in the highly sought after subdivision of Pleasant Valley. Every box can be checked on this home. Vaulted ceilings greet you as you enter into the traditional formal living and dining areas. Beyond that is the large Chef's kitchen with extended cabinets, granite counter tops, stainless appliances and an island. Also room for the family table. This looks into the large family room with a fireplace. The home has 2 masters, one on the first level. The upper level ensuite has a sitting room, fireplace, and a large soaking tub. The backyard is a virtual oasis with pool, spa, gazebo and patio. Just stunning. 3 car garage is also featured.

15620 N 18th Street Phoenix, AZ 85022

$899,000
4 Beds
2.5 Baths
2,771 SqFt
Status Active
MLS # 6775857
Property Type Single Family Residence
Price Type --
Welcome to this stunning home located just a short walk from Lookout Mountain Peak, where you can enjoy breathtaking views for miles right from your front door! This spacious property offers 4 bedrooms, an office, 2.5 bathrooms, and a 3-car garage, which includes an electric vehicle charger for added convenience. The luxurious kitchen is perfect for entertaining and flows seamlessly into a formal dining area, ideal for hosting gatherings. Step outside into the backyard and be swept away by your own private paradise! With a sparkling pool, spa, and plenty of space to relax or entertain, it's the ultimate retreat. Recent upgrades include a brand-new A/C unit, water heater, and garage door opener—all of which come with warranties for peace of mind. Don't miss out on this incredible home!

40806 N Lytham Court Anthem, AZ 85086

$899,000
4 Beds
3 Baths
2,792 SqFt
Status Active
MLS # 6783585
Property Type Single Family Residence
Price Type --
Welcome to this stunning Tacoma model home situated on the 11th fairway of the Ironwood Golf Course in Anthem Country Club. This elegant residence features four bedrooms, three full baths, and lots of space for entertaining friends and family. As you enter the home, you will immediately be drawn to the views of the backyard, pool and golf course. It's where you will be spending a lot of time! Inside the home you will find a lovely formal living and dining space - a great area to relax and enjoy the views. The kitchen is awesome with a large island, gas cooktop (new 2024), subzero refrigerator (2023), wall oven, microwave and loads of cabinet and counter space. Perfect spot for the chef! And adjacent to the kitchen is the spacious family room with fireplace and views! READ MORE.... Seller has made many improvements to the home over the years. Starting back in 2011 - 2014, seller added granite to the kitchen counters, installed plantation shutters throughout the home, added a security door to the front entry, redid the guest bath and the shared Jack and Jill bath, added the extended patio roof cover and misting system. In the recent past (2021- 2024) seller has extensively upgraded the primary bath and flooring in the primary suite. Additionally, seller added a new wine bar at the kitchen, redid the media/entertainment wall in the family room - added the fireplace and stacked stone wall - installed LED lighting, added new baseboards, changed out ceiling speakers, replaced all hinges and door knobs, and painted interior of home. The back yard offers views of the 11th fairway including the pond in front and to the side of the par 3 green. Gorgeous Arizona sunsets await you along with views of Daisy Mountain. Welcome to this amazing home in a fabulous community. Anthem Country Club has much to offer including two 18 hole championship golf courses, 2 clubhouses with restaurants, bars and pro shops. Two pools, 2 workout facilities, a spa, tennis, pickle ball, bocce ball and lots of events to keep you busy all year round!

2321 E Lincoln Way Phoenix, AZ 85020

$899,000
3 Beds
2 Baths
1,919 SqFt
Status Active
MLS # 6782674
Property Type Single Family Residence
Price Type --
Live close to everything & still feel connected to nature in this picturesque home in the foothills of the PHX Mountain Preserve. This elevated home is surrounded by stunning views in all directions. Inside you will find a home that has been tastefully updated along the way & features automated roll down storm shutters & an owned solar system, helping to ensure ease of maintenance & the ability to live a lock & go lifestyle. Upon entering you will find a gracious great room with an open kitchen. The spacious primary suite offers plenty of space for you to relax, plus direct access to the back yard. Once out back, notice big views all the way to the Estrellas & White Tanks as well as a gracious pool, yard, side yard & outdoor kitchen. Too much here to miss, put this home on your shortlist.

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