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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12220 E Alameda Road Scottsdale, AZ 85255

$3,794,995
3 Beds
3.5 Baths
4,365 SqFt
Status Active
MLS # 6749244
Property Type Single Family Residence
Price Type --
THIS OPPORTUNITY WON'T LAST, BUT THE VIEWS WILL! Move in Ready home on over 4 Acres. This beautiful pre-designed home with luxurious upgrades throughout. The award-winning Mayne home design was made for entertaining. This single level home showcases an open floor plan with elevated ceiling heights in the main living spaces. The gourmet kitchen is a chef's delight with upgraded cabinets and designer stainless steel appliances including a Wolf 48'' G Pro Range, 48'' Custom Decorative Kitchen Hood, JennAir Ice Maker, Sub-Zero 24'' Beverage Center, Sub-Zero 24' Wine Column, and a 30'' Column refrigerator and 30'' Column Freezer. Spacious great room features a 60'' Mezo fireplace and a 20' multi-stacking pocket door. Oversized bonus room with access to covered patio. Casita with living and bat

15 Sky Ridge Court Sedona, AZ 86336

$3,790,000
5 Beds
6 Baths
4,420 SqFt
Status Active
MLS # 6518168
Property Type Single Family Residence
Price Type --
Discover the beauty of Sedona's newest subdivision - Sky Ridge Estates! This hilltop lot offers breathtaking panoramic views of the North, East, and South. You have the option to build a custom home with three, four, or five en-suite master bedrooms. Plus, this exclusive location is only a short walk from the city's brand new park, museums, town square, high-end shopping and dining, spa resorts, and more. Enjoy the convenience of a lit tennis/pickleball court and Oak Creek front park available for membership. The seller is offering financing to qualified buyers, and they will even participate in the cost of grading, driveway, and pad once your home plans are submitted and grading permits are issued. Imagine waking up to picturesque views every day in your spectacular new home. This is one of the top/best premium five lots in the cul-de-sac end of the road. Very quiet and secluded, yet in the heart of Sedona, with a 10 walkability score. Below Market Pricing: Secure your slice of paradise with lots starting at just $329,000(half-off 8/23 appraisal of 495,000- 695,000 as improved (when road and utilities are completed) Build Your Dream: Opt for our innovative rustic contemporary, metal, and ceiling-to-floor glass eco-friendly landscape homes, designed for efficiency and elegance. Cantilevered on pillars vs old style expensive cut and fill pad or retaining wall, See renderings under the photo tab. Unparalleled Views, Privacy, very quiet & secluded: 19 Exclusive Lots: Each lot, ranging from half to three-quarters of an acre, offers breathtaking panoramic views along a serene ridge down and through a hidden canyon. Investment & Lifestyle Flexibility: Luxury Living Redefined: Sky Ridge Estates isn't just a place to live; it's a lifestyle. This 5-star resort community offers: *Private Club & Fine Dining (room service): Experience culinary delights without leaving the comfort of your community. *Wellness & Leisure: State-of-the-art anti-aging spa, fully-equipped gym, yoga studio, indoor climate-controlled pickleball court, and a golf simulator. *Concierge & Transport: Enjoy the convenience of concierge services, a Mercedes limo van for all your travel needs, and 24-hour security guard and cameras. *Resort-Style Property Management: Travel a lot? 2nd Home? On-site property management is available. *Infrastructure is underway, and roads and utilities are being installed. The clubhouse and gate are pending approval. Collaborate with our top architect and builder to bring your vision to life. Contact us for more details on this unique opportunity. Look under photos and website for home renderings and drone footage of each lot. Don't miss out on this chance to invest in a lifestyle of luxury and tranquility at Sky Ridge Estates. Recent Sold Comps; 920 N Palisades,.73 ac,COE 10/23 for 525,000 3 Sky Ridge Ct.,.63 ac,COE 1/24 for 500,000

12265 E Troon Vista Drive Scottsdale, AZ 85255

$3,779,995
5 Beds
5.5 Baths
4,682 SqFt
Status Active
MLS # 6668733
Property Type Single Family Residence
Price Type --
Don't miss this opportunity to live in Scottsdale's most desirable location, the picturesque, and award winning community of Sereno Canyon. Nestled against the McDowell Mountain preserve, with Sonoran desert views and close proximity to hiking trails. This open floorplan includes a casita with an exterior and interior entry, wet bar, and has enough room for bedroom and living space. The kitchen great room opens to a large covered patio with a 20' 90 degree corner door that pockets into the wall and brings the outside in. Chefs kitchen including two quartz islands for entertaining, SS Wolf Pro Line including a 48'' smart range, wall oven, and Sub-Zero 48'' side by side built refrigerator. 14' ceilings in the main living area. All bedrooms are en-suite with WIC. 10 year warranty included.

6321 E Phoenician Boulevard Unit 14 Scottsdale, AZ 85251

$3,775,000
3 Beds
3.5 Baths
2,894 SqFt
Status Active
MLS # 6783633
Property Type Townhouse
Price Type --
Nestled in the shadow of Camelback Mountain at prestigious Ascent at the Phoenician, this exquisite golf villa offers an unparalleled lifestyle. Located on the first hole of the renowned Phoenician Golf Course, this guard-gated community features only 30 exclusive golf villas, each with a private two-car garage. This stunning residence boasts three spacious en-suite bedrooms, complemented by a stylish powder bath and open concept floor plan making it perfect for both relaxation and entertaining. The villa's design emphasizes seamless indoor/outdoor living, highlighted by floor-to-ceiling stackable glass doors that frame breathtaking panoramic views of the lush golf course and the vibrant Phoenix skyline. The heart of the home is the exquisite Bulthaup kitchen, where form meets function, featuring top-of-the-line Sub-Zero and Wolf appliances that cater to the most discerning chef. Ultra thin quartz counters, a large island with a raised walnut bar with seating for 5 and gorgeous oak veneered cabinetry evoke an inviting aesthetic. Spa-inspired bathrooms showcase luxurious marble and quartz surfaces, creating a serene retreat for relaxation. With 10-foot ceilings throughout, the villa exudes an airy and open ambiance. Builder upgrades include a private elevator, elegant wood flooring throughout, an outdoor BBQ for alfresco dining on the oversized balcony, a gas fireplace with marble surround, a Sub-Zero wine refrigerator, and recessed LED lighting with dimmers in every room. The upgraded primary bathroom and thoughtfully designed cabinetry in the laundry room add to the home's sophistication. Owner enhancements elevate this property further, featuring designer lighting, custom closets, and a state-of-the-art Crestron home automation system. Enjoy remote access to control lights, motorized shades on all windows, TVs, surround sound, HVAC and garage access from anywhere. Residents enjoy exclusive access to the Mountain Club, a private retreat for owners at Ascent. The Mountain Club features a private pool and spa, a state-of-the-art fitness center, inviting social spaces, and a demonstration kitchen perfect for cooking classes and private chef experiences. Residents also have the opportunity for exclusive membership at The Phoenician Resort, which features multiple resort pools, resort spa, tennis courts, new Athletic Center, 18 hole Troon managed golf course and award winning restaurants. Experience the epitome of luxury living in this exceptional golf villa, where every detail has been meticulously crafted for comfort and style. Schedule your private tour today and discover your new sanctuary in Scottsdale!

770 Forest Service 461 Road Fredonia, AZ 86022

$3,750,000
2 Beds
1 Bath
1,170 SqFt
Status Active
MLS # 6785689
Property Type Single Family Residence
Price Type --
Discover a unique opportunity to own the only privately-owned land and thriving RV park with hook-ups and a tent camping village near the North Rim of the Grand Canyon. This exceptional property is completely surrounded by National Forest, offering unparalleled access to scenic FS roads and trails for endless exploration. Just a one-hour drive (30 miles) from the Grand Canyon North Rim entrance, this location is also conveniently close to Jacob Lake Inn, a gas station, and the 67 highway. The property features a livable primary residence cabin and comes with special use permits from Coconino County. Nearby attractions include the historic Ranger Station, AZGFD Deer Check Station, Jacob Lake Inn (offering food, gifts, a food truck, gas station, and additional lodging options), and Jacob Lake trail rides. Other notable destinations within reach are Lake Powell (80 miles), Bryce Canyon National Park (115 miles), and Zion National Park (79 miles). The area is perfect for hiking, biking, snowmobiling, and cross-country skiing, with well-maintained roads providing easy access. The RV park offers amenities such as showers, clean toilets, an RV dump, and a water fill stationthe only one available on the North Rim. Jacob Lake is located on the property, adding to its charm and potential for development or expansion. The primary cabin is equipped with Starlink (buyer to confirm), and there is potential for future broadband service with SC Broadband, which could provide internet access for the entire park (buyer to confirm). The property includes a 3,600 sq. ft. shop/warehouse and 24-hour laundry/shower facilities available to park guests and others in the area. With flexible owner-carry terms and a lot of personal property included with a good offer, this is a rare chance to own a piece of history. The current owners live on-site year-round and have reliable UPS service, even in winter. Lot dimensions are approximately 2,500 ft x 3,500 ft (buyer to confirm), and a Seismoelectric Survey for a new well site has been conducted. Don't miss out on this quiet, first-stop destination for lodging, camping, and RVing en route to the North Rim. Inquire today to learn more about this incredible property!

10224 N Azure Vista Trail Fountain Hills, AZ 85268

$3,750,000
5 Beds
6.5 Baths
6,310 SqFt
Status Active
MLS # 6770517
Property Type Single Family Residence
Price Type --
Experience the pinnacle of sophistication with this meticulously designed home, positioned alongside the 7th fairway of FireRock private golf course. North-South facing home embraces both luxury and comfort! Open concept chef's kitchen with Viking and Bosch appliances, gas stove cooking, double ovens, staggered cabinets, walk-in pantry, center island, fireplace and plenty of mountain and golf views! Primary bedroom is privately situated on this level along w/2 guest bedrooms, den and laundry. Staircase leads to lower level with 2nd primary bedroom, guest bedroom, 2nd family room, wet bar, wine room, theater, game room. Extend your party to the backyard resort featuring large covered patio, contemporary pool and spa, gas grill, gas fire pit, travertine patio and spectacular sunsets! AC/WATER HEATERS/ROOF Water heater main level - Gas, 50 gallon (2020) Water heater lower level - Electric, 50 gallon (2019) First floor hot water recirculation system for quick hot water at faucets & showers 5 AC units (2 main level / 2 lower level / 1 garage) AC garage Senville mini-split (2024) Roof original standing seam metal, flat foam resealed (8/2024) Santec high-end luxury faucets, shower systems and tub fillers For reference visit: Widespread Lavatory Set - Santec 3 Natural gas interior fireplaces (main living / lower living / main primary bedroom ) 1 Natural gas fire pit Home is Wired for Alarm System Including Flow Sensor in Fire Sprinkler System BEDROOMS/BATHS 5 bedrooms, 6 1/2 baths. Each bedroom has an en suite bath (3 main / 2 lower) 2 bedrooms are primary suites - one main level, one lower level. 1/2 powder bath is located on main level KITCHEN - VIKING APPLIANCES

1527 N Wickiup Road Apache Junction, AZ 85119

$3,750,000
5 Beds
4.5 Baths
4,525 SqFt
Status Active
MLS # 6769677
Property Type Single Family Residence
Price Type --
Horse Trainer, Team Roper or Barrel Racer's Paradise! This highly desired 8.5-acre lot at the base of the Superstition Mountains. Complete with a Center Isle Barn including 6 stalls plus outs, tack room, office, feed room and bathroom/storage room with washer and dryer hook ups. Outdoor you'll find an attentional 7 stalls. 4 of them are 20' x 15 ' fully covered with covered isle way and 3 stalls 12'x36' partially covered. This Income potential property gives you options like; boarding, team roping, gymkhana, barrel racing, etc.. Currently doing open team roping practice 2-3 days a week. It's the only team roping practice open to the public in the East Valley. 150'x280' lighted roping arena with sand. Chute Help automatic roping chute, lead up chutes and stripping chute.

5112 E Pasadena Avenue Phoenix, AZ 85018

$3,750,000
5 Beds
5 Baths
4,420 SqFt
Status Active
MLS # 6784725
Property Type Single Family Residence
Price Type --
Prime Arcadia location with drop dead views of Camelback Mountain. North/South exposure. Cul de sac lot. Short walk to Royal Palms, AJ's and numerous restaurants.

18720 N 101st Street Unit 2019 Scottsdale, AZ 85255

$3,750,000
3 Beds
4 Baths
3,239 SqFt
Status Active
MLS # 6635492
Property Type Apartment
Price Type --
The FINAL and much anticipated phase of the highly successful Icon project now available with construction well underway and estimated completion in 2024. This is not only an opportunity for extraordinary views and new construction , it also continues to be the best opportunity to be inside the gates of Silverleaf. ICON at Silverleaf offers an unlimited lifestyle with the lock-and-leave luxury of exceptional single-story flats amid the incomparable beauty of Arizona's McDowell Mountains. This rare and unique offering of spacious, open-concept residences affords the very best of all possible worlds, close to the cosmopolitan conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert behind the gates of the truly iconic upscale private resort community of Silverleaf. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

18720 N 101st Street Unit 2012 Scottsdale, AZ 85255

$3,750,000
3 Beds
4 Baths
3,157 SqFt
Status Active
MLS # 6576548
Property Type Apartment
Price Type --
**NEW CONSTRUCTION** The best opportunity to be inside the gates of Silverleaf at a competitive price. ICON at Silverleaf offers an unlimited lifestyle with the lock-and-leave luxury of exceptional single-story flats amid the incomparable beauty of Arizona's McDowell Mountains. This rare and unique offering of spacious, open-concept residences affords the very best of all possible worlds, close to the cosmopolitan conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert behind the gates of the truly iconic upscale private resort community of Silverleaf. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

15864 N 115th Way Scottsdale, AZ 85255

$3,750,000
3 Beds
3.5 Baths
4,285 SqFt
Status Active
MLS # 6746160
Property Type Single Family Residence
Price Type --
Elevated Extravagance! Ricci Renovations unveils another jewel within The Retreat at One Hundred Hills, a guard-gated community in McDowell Mountain Ranch. Views from every room, the transformation was just completed, ready for enjoyment & memories to be made. A freshly painted exterior w/ travertine entry leading up to the 12' arched wood front door provides a terrific initial impression. Upon entering, you immediately notice the new 10' sliders framing the new pool & majestic mountain views. The brand-new European oak wood floors are gorgeous & run throughout the main areas while hand-selected tile differs in each bath. The spectacular kitchen offers an all-new Thermador appliance package, Perlato Taj Satin quartzite counters waterfalling on 3 sides that sit atop rift oak & macaron green counters. The locally custom-made Supra Mat & textured laminate cabinetry bring warmth & luxury to this fabulous estate. The primary suite showcases a 14-light centerpiece pendant & a gas fireplace wrapped in matte charcoal tile with aspen logs. The primary bath is an oasis with floating cabinetry, Calacatta Maywood quartz counters, soaking tub, redesigned/oversized shower with his and her heads, all adorned with brilliance black onyx Brizo finishes. The closet is spacious, also with custom cabinets, plus there's a dedicated exercise room. The built on-site gas fireplace, 72'' linear open face with herringbone brick & glass bed, in the family room is a showstopper. It overlooks the city below providing the perfect gathering spot. Other features include a shiplap ceiling in the dining, a Chevron wall in the office, deco tile accent wall in powder & carbon reflective glass tile with light-embedded floating shelves on the bar. Both guest rooms have walk-in closets, ensuite baths with floating cabinetry, Ripieno satin quartz counters & faucets/showers with Brizo selections. The backyard is ideal, covered in silver storm travertine that surrounds an all-new sparking pool, spa, deco-tiled water feature wall, firepit, BBQ station & large turf area. The backdrop of city lights & the McDowell Mountains are incredible, day or night. The 4-car garage has all-new epoxy flooring & lighting. A new roof underlayment in 2023 has a transferrable lifetime warranty. HVAC units were replaced in 2012, serviced in 2024 & are in great working condition. 2 new water heaters & a water softener. The community has a heated pool & spa alongside 2 tennis courts. There are also 2 more community centers within MMR that offer pickleball, tennis, basketball, playgrounds, pools, hiking & biking trails as well as an aquatic center. North Scottsdale living at its finest.

7147 N 23rd Place Phoenix, AZ 85020

$3,749,000
4 Beds
4 Baths
4,539 SqFt
Status Active
MLS # 6736159
Property Type Single Family Residence
Price Type --
Discover unparalleled luxury living in this meticulously renovated, exquisite hillside retreat boasting breathtaking views of the downtown Phoenix skyline. This two-story, 4-bedroom residence with a den and 4 bathrooms with European White Oak wood floors throughout, offers a blend of modern elegance and serene comfort. The Grand entrance of the foyer seamlessly flows to the main living areas, where a spacious Great Room awaits, complete with a cozy gas fireplace and electronic shades for effortless ambiance control. Entertain in style with a wine room and a sophisticated wet bar featuring an ice maker. The sleek gourmet kitchen features wood and tile floors, a breakfast nook, and indoor outdoor dining features, perfect for enjoying Arizona's sunny days. The floating stairs... embodies an art-like essence ascending to the primary bedroom suite, offering a private sanctuary with its own gas fireplace, walk-in closets, and a luxurious bathroom retreat. Additional highlights include a formal dining area, a laundry room with a sink for added convenience, and a 3-car garage for ample storage. This meticulously designed residence combines modern amenities with panoramic views, promising an unparalleled lifestyle amidst the beauty of the Arizona landscape.

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