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.”

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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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28036 N 31st Avenue Phoenix, AZ 85083

$850,000
4 Beds
3 Baths
2,284 SqFt
Status Active Under Contract
MLS # 6777976
Property Type Single Family Residence
Price Type --
Discover this beautifully updated mid-century home on nearly two acres, featuring a unique courtyard design where nearly every room (except one bedroom) opens to a sparkling swimming pool, perfect for entertaining. Extensive upgrades include Milgard windows and doors, granite countertops, and stainless steel appliances. Enjoy tall, beamed ceilings, stylish lighting, and stone floors, complemented by glass bowl sinks and plantation shutters. The split master suite offers privacy, with practical features like a mechanics pit in the two-car garage and a spacious three-car carport. This property is horse-friendly! Surrounded by mature trees & majestic saguaros, the lot boasts views of the majestic mountains.

21479 E Arroyo Verde Drive Queen Creek, AZ 85142

$850,000
6 Beds
3 Baths
3,030 SqFt
Status Active
MLS # 6768373
Property Type Single Family Residence
Price Type --
***Full Kitchenette in Nextgen suite or 6 bedroom potential!!! Seller is offering $10,000 towards buyers closing costs. Buyer can use these funds to finish out the kitchenette with built in range/oven and stack washer/dryer or convert to a 6 bedroom home!*** Fall in love with this meticulously maintained next gen style home located in Hastings Farms featuring a guest wing with kitchenette! From the moment you walk up the paved driveway through the lush courtyard, this 4 bed, 3 bath, 3 car tandem garage is spacious and inviting. This great room floor plan is perfect for entertaining w/ large kitchen featuring double oven, tile backsplash, granite counters, SS appliances, large range hood, gas range, pantry & island w/ breakfast bar. The primary bedroom is spacious & the ensuite bath... features a large walk in shower & expansive closet. The guest wing boasts a large office w/ barnyard door, separate teen room w/ dedicated bdrm & kitchenette featuring full size fridge, dishwasher, and sink and it can be easily enhanced with oven/range & stack....laundry. The serene backyard provides a relaxing environment perfect for entertaining & indoor/outdoor living! Other features include a refreshing pool with travertine stone decking, built in gas grill, turf grass, lush trees, expansive pergola, and epic landscape lighting! The tandem 3 car garage is extra wide and allows for ample storage and includes a Tesla charging station, water softener, and side door access to the backyard. This home also has been freshly painted and has no carpet so it is turn key ready. Come see this home today before it is gone!

10124 E Cintron Drive Mesa, AZ 85212

$850,000 - 3Br/3Ba -  for Sale in Eastmark, Mesa
New
$850,000
3 Beds
2.5 Baths
2,425 SqFt
Status Active
MLS # 6783652
Property Type Single Family Residence
Price Type --
**ULTIMATE SHOWSTOPPER** Welcome to Luxury! No expense spared with Highly Upgraded Features throughout including: 24'' Diagonal Laid Marble Style Tile w/Marble Breaks, Marble Backsplash, Elegant Lighting, Dark 42'' Cabinetry w/Contrasting White Quartz C/Tops, Stainless Steel Appliances (Double Oven/Gas Cooktop), Island w/Bar Seating, Coffered Ceilings & Crown Molding, Framed Mirrors, Fire Sprinklers, Water Softener/Filtration System, 3-Car Tandem Garage, Multi-Tier Sliding Door + Single Slider to the Arizona Room, which allows for Entertaining Inside Out. Backyard Retreat with Real Grass, a Gazebo w/2 Grill Stations & Center Fire Feature, Paver Hardscape, Custom Waterfall Feature & Stucco/Painted Fences. Desirable Basis School & Sequoia Pathway Academy around the corner. Keep reading... Spacious floorplan with Den, Powder Bath, Greatroom and Split Master Suite containing a Bay Window, AMAZING Tiled Shower with Multiple Heads, Dual Sink Stations, Tall Vanity, Ample Linen Storage and a Walk-In Closet, which connects to the Laundry Room that has plenty of Storage and a Sink. Owned Security System, Ceiling Fans, Window Treatments + Decorative Sill Moldings, Food Pantry, Surround Sound Speakers, Custom Kitchen Backsplash, Recessed Can Lighting, 10-foot Ceilings and more. The Arizona Room is a great extension to enjoy the Beautiful Arizona Weather, but still be protected from the elements. Out back is a Gazebo overtop Paver Hardscape with Broilmaster Grill, Charbroil Platinum Infrared Grill, Center Fire Feature and Custom Waterfall Feature behind. Upgraded Window Screens, real Grass w/Sprinklers and the list goes on. Eastmark is a master planned community with lots of Events & Activities, a Skate Park, Tot Lots, Sport Courts & Ball Fields, and a Community Pool (with Toddler area). Basis and Sequoia Pathfinder Academy schools along with Eastmark High School (and junior high) are close by presenting high learning opportunities. The East Mesa & Queen Creek Region is exploding with growth, now home to major employment centers and all the commercial / retail offerings you're looking for.

8407 S Ice House Canyon Road Globe, AZ 85501

$850,000 - 4Br/4Ba -  for Sale in No Subdivision, Globe
New
$850,000
4 Beds
3.5 Baths
2,508 SqFt
Status Active
MLS # 6774548
Property Type Single Family Residence
Price Type --
Welcome to your dream home on 10.5 acres, where luxury meets country living. This custom-built home offers mountain views and a private outdoor oasis, bordered by forest service land for unmatched privacy. Located just 5 minutes from historic downtown Globe, this stunning home features an open concept with 4 bedrooms, 3.5 bathrooms, an office, and tasteful high desert landscaping. Arrive via your private road to a charming front porch and step through the oversized farmhouse door, greeted by natural light. The foyer boasts a wood accent wall, custom cabinetry, and access to a stylish powder room with unique design touches. The home features a lush backyard with 2,250 sqft of custom installed artificial turf, an above ground pool, and a lower lot with horse corrals and trailer storage!

8560 E Waterford Circle Mesa, AZ 85212

$850,000 - 3Br/3Ba -  for Sale in Queens Park, Mesa
New
$850,000
3 Beds
2.5 Baths
2,060 SqFt
Status Active
MLS # 6783642
Property Type Single Family Residence
Price Type --
WHOA * 1+ ACRE LOT in SE MESA * NO HOA * Horses and toys are welcome* Beautifully updated & well maintained 3 bedroom, 2.5 bath home w/2 car garage and a detached workshop (approx 1800 sf) * The kitchen has been updated and features solid surface countertops, SS appliances, extensive cabinetry, a large breakfast bar and opens to the great room * The great room features a fireplace and views to backyard activities * Primary bedroom is split from other two & features an ensuite with dual vanities, garden tub & separate shower, walk in closet * Outdoors enjoy the extended covered patio, gazebo & large grass yard for kids, pets or outdoor games * Plenty of room for horse set up or parking your toys * Electric RV gate for EZ access * Irrigation available through Queen Creek *

7217 E Valley View Road Scottsdale, AZ 85250

$850,000
2 Beds
2 Baths
2,166 SqFt
Status Active
MLS # 6766715
Property Type Townhouse
Price Type --
Step inside this charming townhouse in Villa de Bendita! Explore this beautiful 2 bedroom plus office home, is designed to feel both spacious and inviting with vaulted ceilings and plenty of natural light throughout. This beautiful kitchen has tons of storage as well as a large pantry. In the evenings, imagine cozying up by the fireplace to unwind, or enjoying your tranquil backyard oasis—perfect for relaxing and entertaining.

20230 E Escalante Road Queen Creek, AZ 85142

$850,000
5 Beds
3.5 Baths
3,700 SqFt
Status Active
MLS # 6707126
Property Type Single Family Residence
Price Type --
Former Model Home w/ professionally cleaned tile and carpet! Perfect cul-de-sac home w/ 3 car garage & RV Gate. Elegant 2-Story complete with 2 Outdoor Entertaining areas, Mature Landscaping & Sparkling Pool. Custom Flooring, Wainscoting with Gorgeous Tile Work and Plantation Shutters throughout. 5 Oversized Bedrooms, Extra Office Room, 3 ½ Baths, and the Owners Retreat includes Tiled Walk-In Shower & Garden Tub, Raised Vanities and Oversized Walk-In Closet. The Chefs Kitchen complete w/ Stunning GE Café Stainless Appliances (w/gas stove), Staggered 36'' Maple Cabinets in a Creamy Dulce Glaze with Mesquite Granite Countertops. All appliances are included with Upgraded Pendants, Accessories, Hardware, Moldings, Trims, Ceiling Fans, Stereo & More! Professionally designed and move in ready

3260 E Mead Drive Gilbert, AZ 85298

$850,000
4 Beds
4.5 Baths
4,120 SqFt
Status Active
MLS # 6700887
Property Type Single Family Residence
Price Type --
Welcome to this stunning 4-bedroom home in Marbella Vineyard offering perfect blend of comfort, style, and convenience. The spacious and inviting living areas are flooded with natural light and soaring ceilings creating an airy ambiance throughout the home. The formal dining room and charming courtyard are perfect for entertaining and creating lasting memories with friends and family. A versatile office space is ideal for those who work from home or need a quiet spot to focus. The heart of the home is the well-appointed kitchen, complete with modern appliances, ample storage space, and a center island. The kitchen overlooks both the cozy den and large family room with surround sound and stacked stone feature wall. Upstairs, you'll discover 3 spacious bedrooms, each offering a tranquil retreat for rest and relaxation. The primary suite boasts a large sitting area/home office space, his & hers walk-in closets, and a luxurious ensuite bathroom with dual sinks, a soaking tub, and a separate shower providing the perfect oasis. The oversized loft has enough space for endless possibilities. The downstairs bedroom is complete with en-suite bathroom. The backyard offers a covered patio, outdoor kitchen, and grassy area and RV gate. Marbella Vineyards community features a 7-acre park, walking paths, three recreation areas that include, ramadas, picnic tables, playgrounds, sandlot volleyball, basketball courts & barbecue areas. Convenient to shopping, schools & entertainment.

3925 Gold Ridge Road Wickenburg, AZ 85390

$850,000
3 Beds
3.5 Baths
2,670 SqFt
Status Active
MLS # 6715991
Property Type Single Family Residence
Price Type --
REDUCED $50K!! ASSUMABLE LOW INTEREST VA LOAN, 2.75% to any qualified buyer. Shea's most sought after Latigo floor plan, no waiting! This is a designer home so the upgrades are endless. This home features a sliding wall of glass, soft neutral color palette, beautiful wood look tile floors throughout, carpet in BD. Master suite is filled with natural light, opulent bath with oversized tub, separate shower, His & Her's walk-in closets. Den/office is perfect workspace for your home office. Guest will love the Casita with full coffee counter, walk-in closet, full bath. Back patio is a dream w/ gorgeous 3 spout water feature(see private remarks), pull down shades, fire pit, fully fenced too! Oversized 3+ car garage, epoxy floor. SOLAR TOO! Assumable low 2.75% loan + over $225K in upgrades.

24340 W Morning Vista Lane Wittmann, AZ 85361

$850,000
4 Beds
2 Baths
2,140 SqFt
Status Active
MLS # 6725301
Property Type Single Family Residence
Price Type --
Scenic mountain views for miles & incredible desert sunsets as the backdrop. This is a single level 4 bedroom, 2 bath home w 3 car garage situated on a well sized 1 acre lot! Inside this dreamy home is tile or lush flooring, custom paint, high end window coverings, ceiling fans & lighting. Through the RV gate you'll find the show stopper, a master planned yard w turf, pavers, arbor, concrete pad, wooden deck & a full outdoor kitchen w running water, electric & propane. Beyond the vinyl veranda fencing is the horse area complete w round pen, tack room, showering station & stalls w auto water and electric! This home has so much more to offer! Come see soon!

17429 E Via Del Oro -- Fountain Hills, AZ 85268

$850,000
3 Beds
2 Baths
1,750 SqFt
Status Active
MLS # 6730951
Property Type Single Family Residence
Price Type --
Welcome to Puerto Del Lago nestled at the end of a serene cul de sac, this home offers luxurious living with modern amenities and impeccable design. The kitchen features brand-new custom cabinetry, stainless steel appliances, quartz countertops and spacious island perfect for entertaining. The bathrooms have been transformed with elegant fixtures, modern vanities, custom tile work, and frameless glass shower enclosures, providing a spa-like experience in the comfort of your home. The living areas have new flooring throughout, stylish trim, and fresh paint, creating a cohesive and inviting atmosphere. Outside has large covered patio, built in BBQ and endless views of the serene desert. Neighborhood has community pool and is a short distance to the famous Fountain Hills fountain A stunning fireplace wall has been added to the living room, creating a cozy focal point that enhances the ambiance of the space. The spacious bedrooms offer ample closet space and natural light, ensuring comfort and tranquility. Additional upgrades include new doors, light fixtures and HVAC system, ensuring comfort and energy efficiency. The home is conveniently situated near top-rated schools, shopping, dining, and recreational activities, offering the best of Fountain Hills living in a home that feels brand new.

4532 E Grandview Road Phoenix, AZ 85032

$850,000
4 Beds
2.5 Baths
1,932 SqFt
Status Active
MLS # 6732381
Property Type Single Family Residence
Price Type --
This charming 4-bedroom, 3-bathroom home in Summit Ridge is back on the market, now featuring a newly updated pool and backyard! With 1,932 sqft of beautifully remodeled space and no HOA, this home sits right on the edge of the highly sought-after 85254 zip code. Move-in ready and waiting for its new owner! ***Staging has been removed***

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