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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2547 E Virginia Circle Mesa, AZ 85213

$769,900
4 Beds
3 Baths
2,462 SqFt
Status Active
MLS # 6782343
Property Type Single Family Residence
Price Type --
Turnkey move in ready showing huge discounts on a large corner lot!! End of year specials on all quick closing homes. This price includes all the upgrades plus lot premium! This home has a incredible oversized driveway with the cul-de-sac out front! New photos coming soon! From the private front courtyard to the open great room space with the darling butlers pantry this is a home to check out! 3 Bedrooms Plus a Den with a walk in closet, 3 full bathrooms and a 3 car tandem garage featuring 8Ft Tall Garage door with nice side yard space and beautiful finish details. Location within 10 minutes of Tempe, 15 mins to Scottsdale with a quick shot to the airport and downtown phoenix! Staging furniture does not convey.

5208 W Trotter Trail Phoenix, AZ 85083

$769,900
6 Beds
4 Baths
4,070 SqFt
Status Active
MLS # 6758952
Property Type Single Family Residence
Price Type --
This impressive two-story home offers six spacious bedrooms and four modern bathrooms, making it perfect for larger families or those who love to entertain. The gourmet kitchen features a generous island, stainless steel appliances—including a dishwasher, microwave, cooktop, and double ovens—and a convenient pantry, all seamlessly flowing into the inviting family living area. Fresh interior paint enhances the home's bright and airy feel, while new carpet in the bedrooms and luxury vinyl plank flooring in the main living areas add both comfort and style. The primary bedroom is located upstairs alongside four additional bedrooms, with one bedroom conveniently situated on the main floor. Outside, a beautiful pool awaits, creating an ideal oasis for relaxation and fun.

25634 N Singbush Loop Phoenix, AZ 85083

$769,900
5 Beds
3.5 Baths
3,482 SqFt
Status Active Under Contract
MLS # 6701368
Property Type Single Family Residence
Price Type --
Nestled in the picturesque landscape of Stetson Hills in Phoenix, Arizona, stands an exquisite two-story house offering a blend of luxury, comfort, and breathtaking views. This magnificent home boasts five bedrooms, 3.5 bathrooms, and a refreshing pool, all set against the backdrop of majestic mountain vistas. A bedroom downstairs with a walk-in closet and private full bathroom. Two Brand new A/C condensers, brand new lights inside. High ceilings adorned with recessed lighting create an airy ambiance, while oversized windows flood the space with natural light, offering glimpses of the surrounding mountains from every angle. S/S appliances in the kitchen, nicely landscaped backyard and front yard. Close to shopping, grocery, retail, restaurants and major highways just seconds away

880 E Wimpole Avenue Gilbert, AZ 85297

$769,900
4 Beds
3 Baths
3,474 SqFt
Status Active
MLS # 6766958
Property Type Single Family Residence
Price Type --
Welcome to a one-of-a-kind home in the sought-after Layton Lakes community in Gilbert! Originally a Tusa Homes model, this property showcases thoughtful design and high-quality construction, including 2''x6'' framing and rare 9' ceilings on the second floor. Upon arrival, a recently added paver driveway sets the stage for this beautifully upgraded home. Step into your private backyard oasis, where relaxation and entertaining take center stage. An inviting pool serves as the focal point, surrounded by extensive turf and pavered areas that provide ample space for lounging, dining, and outdoor activities. The backyard's carefully designed courtyard includes pavers, a lovely planter with a tree, and a peaceful water feature, offering a quiet retreat within this lush, thoughtfully landscaped Tspace. Inside, the kitchen stands out with its granite countertops, solid wood cabinetry, and an oversized island perfect for in-kitchen dining or casual gatherings. The family room boasts a soaring 22' ceiling, with built-in surround sound extending throughout much of the home and backyard, creating an ideal setup for entertaining. The open floor plan includes updated lighting and custom finishes like wood-silled interior windows, giving each room warmth and character. Three of the four bedrooms feature walk-in closets, and the primary suite has its own balcony overlooking the backyardunique to this home and perfect for enjoying quiet Arizona mornings or evenings. The large covered patio below adds shade and comfort, making outdoor gatherings a breeze. Additional features include epoxy flooring and custom storage racks in the garage and a newer water softener, ensuring convenience and style. Located in Layton Lakes, this home offers access to community parks, walking trails, and nearby shopping and dining. Don't miss the chance to experience this exceptional home

777 W Ebony Way Chandler, AZ 85248

$769,900 - 3Br/3Ba -  for Sale in Fox Crossing, Chandler
Open House
New
$769,900
3 Beds
3 Baths
2,545 SqFt
Status Active
MLS # 6779401
Property Type Single Family Residence
Price Type --
Location and lifestyle! Nestled in the heart of Ocotillo, this stunning corner lot home boasts an open floorplan, huge windows, fireplace, and exceptional vaulted ceilings. Enjoy separate living spaces with formal dining, family, & living rooms. Downstairs is a large office and a 3/4 bath away from main spaces. Kitchen has a large island, gas range, and a spacious walk-in pantry. Huge primary suite with updated bathroom. This home offers tons of storage with three-car garage, and multiple closets. Wood laminate & tile flooring throughout. The backyard is a private oasis w/covered patio, lush plants, gas fire pit, pool, and mature citrus trees. Enjoy quick access to amenities including golf, waterside walking paths, shopping, and premier restaurants. Start your new life today!

377 E Windsor Avenue Unit 15 Phoenix, AZ 85004

$769,325 - 2Br/3Ba -  for Sale in Park 7 On Windsor, Phoenix
Open House
$769,325
2 Beds
2.5 Baths
1,881 SqFt
Status Active
MLS # 6775047
Property Type Townhouse
Price Type --
Park7 on Windsor QUICK MOVE-IN HOME. LUXURY URBAN LIVING with no compromises including your own private sky lounge. Ideally located in Midtown Phoenix, close to all the action. Bespoke floorplans designed specifically for Park7 developed to create an exciting lifestyle on all levels with maximized privacy. Exceptional quality construction + design with solid CMU commons walls and 10ft ceilings throughout. Designer curated interior finish Packages with standard 24'' x 48'' large format tile floors, Bosch appliances, standard waterfall kitchen islands and floating vanities, tankless hot water, EV prepared garages and more! Relax under the night sky in your own private Sky Lounge - hot tub ready with fire pit and outdoor kitchen options.

18324 W Highland Avenue Goodyear, AZ 85395

$769,000
5 Beds
3 Baths
3,110 SqFt
Status Active
MLS # 6712389
Property Type Single Family Residence
Price Type --
Welcome to the gated Community of Sedella! This immaculate 5-bed, 3-bath, split floor plan is an entertainer's dream. Complete w/ diving pool, fire pit, XL covered patio coupled w/ outdoor fans, speakers & misters. You'll appreciate the open living/dining room layout accompanied by a private theater area. The 16 ft wide sliding glass doors merge the indoor living space with the outdoors. Built-in speakers w/ volume control & CAT 5 wiring throughout. The kitchen features soft-close white cabinets with crown molding, stainless steel appliances, granite countertops & a large island/breakfast bar. The master bedroom features an onsite bathroom, dual vanities, soaking tub, a sit-down shower, & a large walk-in closet. Assumable VA loan available at 2.25%.

3354 W Judd Road San Tan Valley, AZ 85144

$769,000
4 Beds
2.5 Baths
2,489 SqFt
Status Active
MLS # 6720208
Property Type Single Family Residence
Price Type --
***ARIZONA'S PREMIER CUSTOM BUILDER PERSENTS LUXURY AT ITS BEST MODEL HOME IN THE AREA. Many builders in the area are overpricing less quality builds for much more in the same neighborhood. This 4 bedroom 2.5 bath Contemporary Grand Style grand floor plan over 2400 sq ft will not last. Raised ceilings, high end doors, without paying extras for upgrades in the model center. This home has all upgrades included and ready for the discerning buyer. Grand entry Custom door imported from finest architectural Amalfi designer, by design kitchen cabinetry and glass backslash. French tied plush carpet, upgraded smooth texture walls like a true custom built. Extended kitchen cabinetry and panel doors throughout and more.

7210 N 175th Avenue Waddell, AZ 85355

$769,000
3 Beds
2 Baths
2,026 SqFt
Status Active
MLS # 6753624
Property Type Single Family Residence
Price Type --
Beautiful custom slump block 3 bed, 2 bath home on almost two tree lined flood irrigated acres in coveted Waddell. This amazing Horse Property is on a private road. Home has it all from the covered courtyard entry, duel AC units, newly upgraded country kitchen w/ stainless steel appliances and quartz counter tops, 3 large bedrooms, split floor plan, great room, central laundry room, garage cabinets, and back covered patios where you can watch the beautiful sunsets.. Outside features 5 fenced pastures, round pen, Barn/ shop with bathroom, wash rack, tac and feed room, 6 huge covered heavy steel pipe stalls with electric and water. Rear entrance for loading livestock. Horse trails right out your back door just minutes from the White Tank Mountains where there are endless riding. trails.

126 E Northern Avenue Phoenix, AZ 85020

$769,000
3 Beds
3.5 Baths
1,961 SqFt
Status Active
MLS # 6775220
Property Type Single Family Residence
Price Type --
Welcome home to this completely renovated 3-bedroom property ready for you to move in! With each bedroom having their own en suite bath, an additional half bath this home has lovely curb appeal w/ a 3 car garage (one being oversized), RV garage, & delightful brick pathways. The pristine interior boasts an open floor plan, high ceilings, plantation shutters, & luxury flooring. The dining area enjoys a chic chandelier & bountiful natural light. An open den w/backyard access provides a relaxing ambiance. The updated kitchen showcases plenty of wood cabinets, LG appliances, tile backsplash, an electric range, skylights, & an island with w/breakfast bar & pristine quartz counters. The serene main bedroom boasts an ensuite w/dual sinks, a freestanding soaking bath, a delightful tiled shower, & a walk-in closet. Host fun gatherings in the sizable backyard. Must see!

1223 E Clearview Drive Casa Grande, AZ 85122

$769,000
5 Beds
3.5 Baths
3,215 SqFt
Status Active
MLS # 6776745
Property Type Single Family Residence
Price Type --
This absolutely stunning custom home is a rare gem in the desirable neighborhood of Clearview Ranch. This 5 bedroom 3.5 bath basement home is loaded with upgrades. The kitchen is an entertainers dream with ample cabinets, large walk in pantry, kitchen island, granite counters and looks out into the spacious living room with fireplace. Split floorplan. Large primary bedroom with walk in shower and jacuzzi tub. Bathrooms were updated in 2023. Updated flooring with beautiful Spanish tiles adorned on the basement steps. The backyard is tastefully landscaped and includes a salt water, heated pool and extended covered patio. Finished basement with 2 bedrooms, full bath and wetbar. Whole house Pureagian water system. And a 3.5 car garage!

6814 E Monterey Way Scottsdale, AZ 85251

$769,000 - 3Br/2Ba -  for Sale in Western Villa 2, Scottsdale
New
$769,000
3 Beds
2 Baths
1,800 SqFt
Status Active
MLS # 6783185
Property Type Single Family Residence
Price Type --
Spectacular home in a fantastic location! Professionally renovated and designed, this mid century home is simply stunning. The primary home has 3 bedrooms / 2 baths a gourmet kitchen (with gas range and stainless appliances) and great space to entertain. The detached guest house is essentially like a studio apartment with it's own small kitchen, bathroom, and shower/tub - great for guests from out of town or a little extra income if you sublet as a rental. The backyard is well appointed as well with beautiful grass and fully automated watering. Home also boasts owned solar panels. Now the phenomenal location.... you are directly in the heart of Old Town Scottsdale! The home is a short stroll from the Valley Ho, the Arts District, Scottsdale Waterfront, and 5th Ave shops, Fashion Sq!

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