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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2041 S Bristlecone Drive Show Low, AZ 85901

$845,900
4 Beds
2 Baths
1,989 SqFt
Status Active
MLS # 6778335
Property Type Single Family Residence
Price Type --
Custom home in peaceful secluded high end Sierra Pines on mature ponderosa forested acre. This prime forested lot has been evaluated and managed to Firewise industry standards and boosts other additional in home high-end safety upgrades including exterior fire-resistant cement board siding on both the residence and supplemental garage, composite plank covered decks front and back. The fresh driveway, and a secondary detached 2 car garage. make managing and storing toys easier. Inside, this rare find you have 4 bedrooms and 2 bath as part of the a split floor design. Hardwood hickory floors, a gas-start fireplace that makes starting a cozy fire easy. Enjoy lower energy bills and efficiency with solar panels and a solar blanket in the attic.

3233 E Bluebird Place Chandler, AZ 85286

$845,900
5 Beds
4.5 Baths
3,778 SqFt
Status Active
MLS # 6740385
Property Type Single Family Residence
Price Type --
This exquisite 5-bedroom, 4.5-bathroom home is a perfect blend of luxury and comfort. The bedrooms feature brand new, plush carpeting, creating a cozy and inviting atmosphere. The heart of the home is the spacious kitchen, complete with a stylish island, sleek stainless steel appliances including a microwave, range, and dishwasher. The kitchen seamlessly flows into the family room, making it an ideal space for entertaining and family gatherings. Step outside to enjoy the sparkling pool, offering a refreshing retreat on warm days. This home combines modern amenities with elegant design, providing an exceptional living experience.

718 E Scorpio Place Chandler, AZ 85249

$845,900
6 Beds
3 Baths
3,881 SqFt
Status Active
MLS # 6775205
Property Type Single Family Residence
Price Type --
This stunning two-story home offers six spacious bedrooms and three modern bathrooms, making it ideal for larger families or those who love to entertain. The inviting open layout features new flooring throughout, with cozy carpet in the bedrooms, enhancing comfort and style. The freshly painted kitchen boasts sleek cabinets with updated hardware, elegant quartz countertops, and a convenient kitchen island, perfect for meal prep and casual dining. Upstairs, you'll find five bedrooms along with a versatile loft area, including the luxurious primary suite, while the backyard oasis features a beautiful pool for relaxation and fun in the sun.

2468 S Salida Del Sol -- Chandler, AZ 85286

$845,700 - 4Br/2Ba -  for Sale in Clemente Ranch Parcel 2, Chandler
Open House
$845,700
4 Beds
2 Baths
2,446 SqFt
Status Active
MLS # 6745020
Property Type Single Family Residence
Price Type --
Experience luxury, gorgeous remodeled Ocotillo home in Chandler. It features custom solid surface cabinets and quartz mitered countertops throughout, with seamless wood-look vinyl flooring with no carpet. Highlights include a 10-foot metal bifold exterior door, a custom built in electric fireplace, and stylish black hinges and hardware. The bathrooms boast fluted tile, custom glass showers, Delta faucets. The master shower has a built-in seat with a handheld wand, and a waterfall tub faucet. The garage offers a triple epoxy finish, and laundry room has a custom built in. Enjoy a matured private landscaped yard, Pebble Tech play pool, jacuzzi with BRAND NEW 400K BTU heater, and newly redone cool deck. Newer AC units complete this move-in ready home.

7473 E Soaring Eagle Way Scottsdale, AZ 85266

$845,000
3 Beds
2 Baths
2,060 SqFt
Status Active
MLS # 6767159
Property Type Single Family Residence
Price Type --
This stunning Winfield home welcomes you through a gated courtyard that sets the stage for relaxation. The versatile dining area flows seamlessly into a bright, spacious kitchen, equipped with stainless appliances, granite counters, a breakfast bar, and a walk-in pantry-perfect for culinary enthusiasts. A great room invites cozy evenings by the gas fireplace and offers patio access to your backyard oasis. The expansive primary suite opens directly to the pool and garden, while the en-suite bath boasts dual sinks, a soaking tub, and a large walk-in shower. Two guest rooms, each with custom Murphy beds and cabinetry, provide flexible living options. Enjoy Arizona's outdoor lifestyle with a sparkling pool, desert garden, built-in BBQ, and ample seating areas. A spacious laundry...(see more) ...A spacious laundry room and a garage with built-in storage and epoxy flooring complete this exceptional home. Don't miss this perfect blend of comfort and style! Newer appliances, HVAC and Roof, and more!

6112 S 195th Drive Buckeye, AZ 85326

$845,000
4 Beds
2 Baths
2,670 SqFt
Status Active
MLS # 6772015
Property Type Single Family Residence
Price Type --
This stunning custom home is nestled on just under 2 acres of land. Horse property with 4 stalls and No HOA! Over $40K in upgrades. New HVAC, New interior paint, new carpet in living room and dining room. New flooring in bedrooms. All new smoke detectors. New pool equipment and plumbing. Underground irrigation. Completely fenced with 3 and 4 rail pipes, several gates for easy access. Immaculate home, open concept. 3-car garage includes hanging rack for plenty of extra storage, additional parking space for vehicles. A spacious kitchen with custom Knotty Alder cabinets and a bar area. 10ft. ceilings, open dining area, custom wooden blinds on the windows, Vega poles, ceiling fans in every room, Spacious En suite features a jetted tub, step in shower, separate toilet and walk in closet Spectacular Estrella and White Tank Mountain views.

28713 N 66th Avenue Phoenix, AZ 85083

$845,000
4 Beds
3 Baths
2,859 SqFt
Status Active
MLS # 6770328
Property Type Single Family Residence
Price Type --
Ideal location! $10,000 closing cost incentive! Stunning 4-bedroom, 3-bathroom home in the desirable Pyramid Peak community, ideally located amongst the rolling hills of north Phoenix with easy access to all the city has to offer, while maintaining a peaceful desert setting. Unwind in your spacious 2860 sq ft interior featuring an open floor plan perfect for entertaining. Chef's kitchen with quartz countertops and custom backsplash. Primary master suite with walk in rain shower and separate his and her walk in closets. Step outside to your very private desert oasis. Sparkling heated pool with custom water feature for year round enjoyment. Covered patio with north exposure for al fresco dining. Low-maintenance mature desert landscaping. To many upgrades to list!

3285 Big Sky Drive Wickenburg, AZ 85390

$845,000
2 Beds
2.5 Baths
2,208 SqFt
Status Active
MLS # 6772582
Property Type Single Family Residence
Price Type --
Discover this beautiful 2 bed, 2.5 bath Brasada floor plan by Shea Homes in the terraced Sundance neighborhood. Situated on a quiet cul-de-sac with an extra deep homesite on the golf course, this home features stunning desert landscaping, a custom water feature, fire pit & generous covered patios for seamless indoor-outdoor living. A 15-ft sliding glass wall in the living room opens to the backyard oasis. Enjoy a gourmet kitchen with a large island, built-in appliances & custom tile work. The primary suite boasts a private patio & luxurious bath. Extra deep 3-car tandem garage with sealed floors & custom cabinets. Don't miss this Wickenburg Ranch gem! ________ Welcome to this stunning 2-bedroom, 2.5-bath home featuring the highly sought-after Brasada floor plan by Shea Homes. Located in the established and beautifully terraced Sundance neighborhood, this property sits on a quiet cul-de-sac with an extra deep homesite overlooking the golf course. The meticulously maintained desert landscaping in both the front and backyards creates a true desert oasis, complete with a custom water feature, fire pit, and generous covered patio spaces perfect for entertaining. Inside, a 15-foot sliding glass wall in the living room seamlessly connects indoor and outdoor living, making this home an entertainer's dream. The open kitchen boasts a large central island, built-in appliances, under-cabinet lighting, and custom tile work that extends to both bathrooms. The primary bedroom includes a private exit to a covered side patio, and the en suite bath features a heavy glass shower enclosure, dual vanities, and sinks. A custom barn door at the den offers versatility as a media room or extra guest space. The extra deep 3-car tandem garage includes a sealed floor and custom cabinetry, providing ample storage. Don't miss this opportunity to own one of the finest homes in Wickenburg Ranch!

24832 N 91st Avenue Peoria, AZ 85383

$845,000
3 Beds
2.5 Baths
2,439 SqFt
Status Active
MLS # 6774276
Property Type Single Family Residence
Price Type --
Welcome to this beautiful 3-bedroom, 2.5-bath home located across the street from Peoria's Sunrise Mountain. If you've been searching for a property with space, potential, and character, this is the home for you! Situated on a generous 1-acre lot, this home is full of charm and ready for someone with vision to bring it to life. The living room offers an inviting space to relax, with vaulted ceilings and abundant natural light. Each bedroom is generously sized, with the master suite boasting an ensuite bathroom for added privacy. Outside, you'll find a large, detached shop - perfect for hobbies or additional storage. The expansive lot is a blank slate for gardening, outdoor entertaining or future expansion. Come and enjoy the ultimate peace and privacy this property offers!

7410 E Stagecoach Pass Carefree, AZ 85377

$845,000
4 Beds
3 Baths
3,447 SqFt
Status Active Under Contract
MLS # 6771832
Property Type Single Family Residence
Price Type --
This Carefree gem is all about location, views, &potential. Set on a breathtaking 1.6-acre lot, this property offers unmatched privacy & panoramic views in every direction. The main home, while in need of modernization, features 3 bedrooms, 2 baths, w/a 2-car garage. A bonus is the newer 1,540-square-foot guest house, complete with 10-foot ceilings, 1 bedroom, & 1 bath, offering bright, airy living with stunning desert views &pool. Step outside to enjoy the large pool & expansive travertine patio—perfect for soaking in the Az sun. The real highlight, though, is the lot itself. Iconic saguaro cacti line the driveway, and the natural desert landscaping invites abundant wildlife, making this property a peaceful desert retreat. Live in the guest house and build your beautiful dream home.

8343 W Calle Lejos -- Peoria, AZ 85383

$845,000 - 3Br/3Ba -  for Sale in Summit At Sunrise Mountain, Peoria
New
$845,000
3 Beds
3 Baths
2,219 SqFt
Status Active
MLS # 6783458
Property Type Single Family Residence
Price Type --
A beautiful 3 bed, 3 bath residence in Summit at Sunrise Mountain is now for sale! Fully fenced and nestled on an oversized 1.15 acre lot, this is sure to be the home for you! Inside you will find sizeable dining & living areas, a kitchen equipped w/everything you'll need for home cooking, and cozy bedrooms which promise you & your loved ones a good night's sleep! With tons of landscaping potential and plenty of room for a pool or guest house, this home is a true gem! Don't wait any longer, act now!

220 Seco Way Sedona, AZ 86336

$845,000
2 Beds
2 Baths
2,526 SqFt
Status Active
MLS # 6740146
Property Type Townhouse
Price Type --
Wow what a stunner! This West Sedona townhome is the perfect lock and leave to suit your active Sedona lifestyle. Home is comprised of the most spacious floorplan in the subdivision, with direct Red Rock Views to flood through the large windows in the Great Room for everyday living enjoyment. The kitchen has gorgeous granite counters, beautiful backsplash complimented by undermount lighting, and vaulted ceilings with exposed beams. There is ample natural light throughout with clerestory windows and skylights, plus a large flex room that could be a bedroom, den, office, or grandkids room. With mature Peach trees in your front yard, and an Apple tree and Grapevines in your private back patio, you have an established home waiting for you to have it all in sweet, safe, quiet little Sedona. Arroyo Seco subdivision is close to several local Trailheads for your hiking pleasure: Thunder Mountain is just one of a few, less than a half mile away. Your neighborhood coffee shop, pizza parlor, smoothie bar, library, and hair stylist are all less than a half mile away too. The HOA is famous for maintaining the beautiful pool, hot tub and manicured grounds, incredible Red Rock Views throughout the subdivision, with friendly neighbors-not to mention the fantastic coverage that the HOA offers for your monthly dues! A spacious two car tandem garage plus an additional laundry room inside the home, a large Primary walk-in closet, and an office round out your future home. No stairs or steps inside the home make for easy single level living. You CAN be in the middle of it all, while still magically having peace and quiet in our sweet little Sedona. Furniture package available. Owners are licensed Agent and Broker.

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