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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3943 E Canyon Place Chandler, AZ 85249

$850,000
5 Beds
3 Baths
3,883 SqFt
Status Active
MLS # 6732286
Property Type Single Family Residence
Price Type --
Discover your dream home in Chandler, AZ! This stunning 2-story residence offers 3,883 square feet of luxurious living space and is located on a quiet cul-de-sac. With 5 bedrooms, 3 baths, and a large loft/playroom, there's plenty of room for everyone. The heart of the home is the gourmet kitchen, featuring granite countertops, a gas range, and stove. It's perfect for culinary enthusiasts. The adjacent living and dining areas are designed for both comfort and style, making entertaining a breeze. The spacious 3-car garage provides ample storage and parking. Upstairs, the generously sized bedrooms offer peaceful retreats, with the master suite boasting a large bathroom and ample closet space. The versatile loft/playroom can serve as a home office, game room, or additional living space to suit your needs. Step outside to your private backyard oasis, complete with a charming gazebo and built-in BBQ. This outdoor space is ideal for hosting gatherings or simply relaxing in your serene surroundings. Situated in a great neighborhood, with bike paths, basketball court, picnic are and a large play area. This home offers convenient access to top-rated schools, shopping, dining, and recreational facilities. Enjoy the perfect blend of a tranquil suburban lifestyle with the amenities of urban living just minutes away.

18206 W Sells Drive Goodyear, AZ 85395

$850,000
5 Beds
4 Baths
3,469 SqFt
Status Active
MLS # 6740880
Property Type Single Family Residence
Price Type --
* Welcome to the Desert Lily model * ***Huge Price Improvement*** 5 bedrooms, 4 bath single level energy efficient, well-maintained entertainers home. Enter this beauty through the elegant foyer leading into a rotunda. Home includes a large formal dining room. Kitchen offers 36'' staggered cabinets, designer tile backsplash with engineered stone/ granite countertops, s/s appliances, double ovens, gas cooktop, butler's pantry and a huge eat in breakfast bar with room for the entire family. Enter your primary suite thru French doors and enjoy your newly laid wood flooring. A welcoming RV friendly home sitting on an almost 15k sq ft lot with both front and back irrigation to the ample foliage including your very own fruit trees low maintenance yard Pool is exquisite!!! perfectly placed gas fire and water bowls for those who love to entertain there is a covered patio large enough for your gathering. The community of Sedella offers multiple basketball courts, parks and a volleyball court. There are several walking paths and sidewalks big enough to drive your golf cart.

2455 W Shannon Street Chandler, AZ 85224

$850,000
5 Beds
3 Baths
3,200 SqFt
Status Active
MLS # 6742251
Property Type Single Family Residence
Price Type --
Looking for a new home? This fabulous 5 bed, 3 bath residence now on the market is for you! A freshly painted exterior, all new roof, manicured landscape, and a 3 car garage w/built-in cabinets & door openers are just the beginning. Discover a sizeable living area and formal dining room w/high ceilings, plantation shutters, updated light fixtures, and custom palette throughout. Enjoy quality time w/friends & loved ones in the cozy family room. The chef's kitchen is comprised of wood cabinetry w/crown moulding, a walk-in pantry, granite counters, tile backsplash, stainless steel appliances including a new cooktop, and an island complete w/a breakfast bar. Upstairs you'll find a cozy loft, ideal for a lounge or reading nook. The primary bedroom boasts elegant wood flooring, a walk-in closet, and a full ensuite w/dual vanities. Finally, the wonderful backyard showcases a covered patio, lush natural turf, extended paver seating area, and storage space! Water softener, arrow system, and two new AC units have all been installed! What are you waiting for? Act now!

20102 W Camelback Road Litchfield Park, AZ 85340

$850,000
4 Beds
2.5 Baths
2,681 SqFt
Status Active
MLS # 6752993
Property Type Single Family Residence
Price Type --
Discover AZ living in this gem Beautiful custom 4 bed 2.5 Bath His & Her Closets- custom built kitchen with storage, great layout for entertaining. over height & extended length 3 car on over an acre mountain views w pool! Spiral Staircase leads up to observation deck for an unobstructed view - No HOA, Not to many areas like , this anymore approx 3 miles from 1-10 minutes from shopping and restaurants, It is a must see

14205 N 30th Street Phoenix, AZ 85032

$850,000
5 Beds
3 Baths
3,202 SqFt
Status Active
MLS # 6758040
Property Type Single Family Residence
Price Type --
This meticulously crafted home combines quality construction w/ exceptional attention to detail. Step into soaring ceilings and a formal living room w/ sweeping staircase. The spacious, open-concept kitchen and family room are perfect for both everyday living and entertaining. Highlights include a stone fireplace, custom cabinetry w/ crown molding, granite countertops, a large island with breakfast bar, built-in desk, walk-in pantry, and dining nook. Upstairs, the spacious primary suite features a private balcony w/ backyard and mountain views, plus an en-suite with dual vanities, tiled walk-in shower, and separate garden tub. The additional bedrooms provide plenty of flexibility to suit your lifestyle. One bedroom and a full bathroom on the main floor. The backyard is your personal oasis, complete with a covered patio with ceiling fans, fenced pool, garden bed, and an RV gate. Recent upgrades include a brand-new HVAC system and fresh exterior paint (2024). Excellent Phoenix location is located near Phoenix Mountains Preserve with hiking trails, freeways, local parks and schools - in the Paradise Valley School District, and no HOA.

31106 N 161st Place Scottsdale, AZ 85262

$850,000
3 Beds
3.5 Baths
2,947 SqFt
Status Active
MLS # 6759524
Property Type Single Family Residence
Price Type --
North Scottsdale HORSE PROPERTY with breathtaking SUNSETS & MOUNTAIN VIEWS! Nestled on a 2.5 acre lot, this custom home offers serene living with a large horse corral & fenced backyard. 3 bed + loft, 3.5 bath layout includes a downstairs suite with outdoor access, & additional primary on the second floor. The gourmet kitchen features a new induction cooktop, stainless steel appliances, & an island overlooking a great room with a propane gas fireplace. A custom wood & iron staircase leads to an office loft & bedrooms with separate balcony exits. Highlights include a master bath with jetted tub & dual shower heads, multiple elevated decks, new roof (2021), Pella doors & windows, water softener, & 3-car garage. North Scottsdale location with access to hiking paths, schools, & more!

22521 N 93rd Drive Peoria, AZ 85383

$850,000
4 Beds
2.5 Baths
3,122 SqFt
Status Active
MLS # 6759141
Property Type Single Family Residence
Price Type --
This exceptional home combines luxury, style & functionality. Featuring 4 beds & 2.5 remodeled baths, the residence boasts new interior paint, trims & upgraded LVP flooring in bedrooms & baths. Three bedrooms include walk-in closets, offering ample storage space. The open-concept living room has two electric fireplaces & seamlessly connects to the kitchen via sliding glass doors. The gourmet kitchen features Corian counters, a tiled backsplash & under the kitchen island & modern shaker cabinets in the laundry room for additional storage. The separate den/office adds versatility to the living space. Outside, the beautifully landscaped backyard showcases travertine flooring, garden beds & a covered patio—perfect for relaxing by the pool or hot tub, powered by a propane tank. The driveway lined w/ pavers leads to extended RV parking, ideal for those w/ larger vehicles or recreational needs. A built-in security system, security door & solar system provide peace of mind & energy efficiency. w/ proximity to top-rated schools, shopping & recreation, this home combines modern comforts w/ thoughtful design, making it a perfect retreat for any family.

7216 W Country Gables Drive Peoria, AZ 85381

$850,000
4 Beds
3 Baths
3,098 SqFt
Status Active
MLS # 6766210
Property Type Single Family Residence
Price Type --
Experience the perfect blend of comfort and style in this beautifully maintained acre lot home! From the moment you step onto the front porch, you'll be charmed by the warm, welcoming ambiance. The expansive backyard is a haven for relaxation, complete with a crystal-clear pool and shaded patio area adorned with string lights, creating a magical atmosphere for evening gatherings. Inside, the home offers a spacious and open layout, featuring hardwood flooring, a well-designed kitchen with custom cabinetry, and stainless-steel appliances. The large living area with a cozy fireplace and stylish stone accents provides a perfect space for entertaining or unwinding. The home's attention to detail extends to the bedrooms, each designed to maximize comfort and space. The master suite offers a luxurious escape with a spa-inspired bathroom, dual sinks, and a soaking tub. The backyard continues to impress with a thoughtfully landscaped garden, lush greenery, and plenty of space for outdoor activities. Located in a highly sought-after neighborhood, this property offers the perfect balance of quiet living and easy access to local amenities. Whether you're hosting a poolside party or enjoying a quiet night in, this home offers the versatility to suit any lifestyle.

4931 E Marino Drive Scottsdale, AZ 85254

$850,000
3 Beds
2 Baths
2,159 SqFt
Status Active
MLS # 6771285
Property Type Single Family Residence
Price Type --
Beautifully appointed 3 -bedroom plus office, 2- bathroom home , located in desired 85254 zip code. Master bathroom with soaking jet tub plus shower, granite countertops in the kitchen. Private pool with travertine deck, extended covered patio, built in outdoor kitchen. Open floorplan with vaulted ceiling. Come and see!

29202 N 146th Street Scottsdale, AZ 85262

$850,000
4 Beds
2 Baths
2,889 SqFt
Status Active Under Contract
MLS # 6528535
Property Type Single Family Residence
Price Type --
Beautiful 2889 square-foot, four bedroom, two bath horse property boasting 1+ acres located in the picturesque Rio Verde Foothills. High producing shared well!! Beautiful view of the four peaks from your backyard with a spa and pool. Two stall mare motel with spacious tack room and covered storage for hay and a 120 x 140 arena. Ride directly off your property for a trail ride into the Tonto National Forest or just under a 3 mile jaunt to Granite Mountain Trail head. Come escape the hustle and bustle and enjoy the quiet!!

1955 E Clubhouse Drive Phoenix, AZ 85048

$850,000
4 Beds
3 Baths
2,980 SqFt
Status Active Under Contract
MLS # 6718625
Property Type Single Family Residence
Price Type --
NEW PRICE to accomodate your personal touches and syle -GOLF COURSE LOT: Custom Built Single Level Home located on Foothills Golf Course Manged by Troon.. Eight Foot front door with glass side lites and large arched window welcome you to a dramatic foyer with formal dining and living room. Huge Family Room with open kitchen and Wet Bar for entertaining. Large kitchen has room for two cooks, , walkin pantry and tons of cabinets. Views Of The Pool, lush yard, Foothill Mountains and the Majestic Estrella Range. We sit high above the T-Box of the newly Troon managed Foothills Golf Course. This location offers quiet and serene nights on the covered patio with unending views.. The split floorplan features a huge primary suite with sitting area,large bath and Walk-In Closet. The Other Wing Has Three large bedrooms,two full bathrooms and laundry room with sink Wooden shutters throughout the home Three Car Garage and one is air conditioned. One AC unit is newer. This Home Is very well taken care of and has had only two owners. Backyard offers an Amazing Setting with a photo friendly backdrop. The Troon Golf Course offers incredible Golf with unmatchable views and wonderful dining. The Ahwatukee Area provides a unique lifestyle throughout the Community with award winning schools and miles of hiking and biking trails. Close proximity to Freeways and many restaurants leave this unmatched.

914 N 6th Street Phoenix, AZ 85004

$850,000
2 Beds
3 Baths
2,081 SqFt
Status Active Under Contract
MLS # 6731855
Property Type Single Family Residence
Price Type --
**This Home has a story** A charming 1917 Craftsman Home in the Evans Churchill District just steps from the heart of Roosevelt Row, one of the last original residences in the area. Welcome to opportunity with Versatile City-zoning for mixed use - This property offers incredible flexibility whether you envision creating your Urban dream residence, a trendy restaurant, a retail business or other venture, the use permit offers great flexibility for an unparalleled opportunity in one of Phoenix's most sought-after neighborhoods. You'll be at the center of Phoenix's First Friday Art Walk creating a lively cultural experience. Surrounded by exciting new eclectic dining options, galleries and shopping, you'll never run out of places to explore. Plus, you're just a stone's throw away from ASU's downtown campus, easy freeway access, major sporting events, concerts, and endless dining options. Don't miss out on this rare opportunity to own a piece of Phoenix history in a location that has it all - uncover the endless possibilities this property has to offer!

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