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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22911 E Thornton Road Queen Creek, AZ 85142

$759,000
5 Beds
3.5 Baths
3,407 SqFt
Status Active
MLS # 6781315
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the vibrant heart of Barney Farms, where luxury and adventure come together! Don't miss this opportunity to move into Barney Farms at a price well below builder costs, complete with beautifully finished landscaping. This exceptional property offers a prime spot within the community, granting residents exclusive access to a stunning 22-acre deep water lake, perfect for kayaking and canoeing. Outdoor enthusiasts will find paradise here, with amenities like volleyball courts, pickleball, zip lining, and scenic walking trails right outside your door. Plus, enjoy the ultimate aquatic experience at the expansive 12,000 square foot community aquatic center, featuring multiple pools and 17 shaded ramadas, along with charming parks scattered throughout the neighborhood. Inside this magnificent home, you'll discover 5 spacious bedrooms and 3.5 bathrooms, providing plenty of room for family and guests. The attached 4-car garage offers ample space for all your vehicles and recreational gear. The gourmet kitchen is a chef's delight, blending style and functionality. Featuring a sleek range hood, gas appliances, and a farmhouse sink, it's complemented by crisp white cabinets and an open floor plan that's perfect for entertaining. Step outside to find a beautifully landscaped backyard, complete with lush greenery, elegant pavers, and low-maintenance synthetic grassideal for outdoor gatherings.

617 S Marina Drive Gilbert, AZ 85233

$759,000
3 Beds
3 Baths
2,003 SqFt
Status Active Under Contract
MLS # 6767394
Property Type Single Family Residence
Price Type --
Spectacular waterfront home in the exclusive, gated community of The Islands. Offering breathtaking lake views and move-in ready convenience! This bright 3-bedroom, 3-bath home features an updated kitchen with stunning cabinets, ample storage, counter space, and stainless steel appliances. Two spacious bedrooms boast en-suite baths and walk-in closets. Recent updates include roof, two AC units, upgraded windows, and beautiful hardwood floors throughout. The exterior has an attractive paver patio extending under the front and rear covered patios and boat dock. Prime location near shopping, dining, highways, and downtown Gilbert and Chandler. HOA covers front/backyard landscaping, exterior paint, and access to the community pool/spa, park, sport courts, and boat dock.

14250 N 9th Street Phoenix, AZ 85022

$759,000
3 Beds
2.5 Baths
2,163 SqFt
Status Active Under Contract
MLS # 6777700
Property Type Single Family Residence
Price Type --
Move-in ready, classic brick-style house located in tranquil well-maintained neighborhood with no HOA. Inside natural light abounds, complimenting the open layout with vaulted ceilings. The abundant number of windows have electronic shades offering privacy & energy efficiency. A comfortable great room adjoins a kitchen that will inspire you to entertain this holiday season. Kitchen includes a pantry, separate dining with bay window, conversation area, large breakfast bar and central island with stunning quartz tops & striking backsplash over the 5-burner gas range with pot filler. Stainless steel appliances throughout are included. This home works perfectly as 3 bd or 2 bd with office. You'll enjoy getting ready in the remodeled bathrooms and invigorated in the primary's steam shower. The backyard sanctuary is one of the reasons this house is set apart from the rest, perfect for outdoor gatherings or quiet evenings watching the sun set. Mountain views, citrus trees, BBQ grill, covered patio, ramada decked out with patio lights set the stage for day and nighttime celebrations. The sleek, modern pool with in-pool sundeck complete with umbrella sleeve offers year-round use courtesy of an electric heater/chiller. The painted cooling, anti-skid concrete pool deck and multiple umbrella sleeves help to make this outdoor space pure perfection. Plenty of room to expand what has already started. This home includes numerous upgrades, from solar path lights to a whole-house water filtration system, ensuring your home is both energy-efficient and environmentally friendly. The solar panels save money while enjoying energy independence. Check document tab for the extensive list of upgrades. All this just minutes away from the Paradise Valley Mall Redevelopment Project, Downtown Phoenix, Scottsdale, numerous trendy restaurants, shopping, hiking/biking paths, the Phoenix Preserve, and easy access to freeways. Come tour today!!!

17521 E Silver Sage Lane Rio Verde, AZ 85263

$759,000
2 Beds
2 Baths
1,752 SqFt
Status Active Under Contract
MLS # 6758500
Property Type Single Family Residence
Price Type --
This Beautiful, PRISTINE, highly upgraded ~ Meticulous, OPEN CONCEPT Acacia floor plan is in the prestigious gated community of Trilogy at Verde River! Enveloped in natural light this stunning home boasts upgraded finishes such as wood look tile flooring, custom upgraded lighting, decorative tile-work, Custom Shutters and much more. State-of-the-art, modern kitchen showcases high-end GE Monogram appliances, large kitchen island, sleek upgraded cabinetry, pendants & recessed lighting. Den is enclosed with modern custom designed Barn Doors. Owner's retreat offers luxury ensuite bathroom w/ dual sinks. Walk out to the oversized covered patio and enjoy your stunning Desert Retreat! Trilogy at Verde River offers upscale Resort living at its finest and the very best of all possible worlds, close to the conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert. The amenities are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickle ball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails. Whether you're seeking a second, winter home, or will live here year-round, Trilogy at Verde River is an ideal distance from the hustle and bustle of North Scottsdale. Attitudes here are different; there's a sense of community. You'll love the Resort living! What memories will you make?

40548 N Barred Place San Tan Valley, AZ 85140

$759,000
4 Beds
3.5 Baths
2,924 SqFt
Status Active
MLS # 6762017
Property Type Single Family Residence
Price Type --
DON'T SLEEP ON THIS ONE! Near the new 24 freeway - this area is booming with development! This exceptional single-level home is a true showcase of style and functionality, boasting a wide array of high-end upgrades. If you're seeking a turn-key ready property, your search ends here.The gourmet kitchen is a chef's dream, featuring floor-to-ceiling cabinets, quartz countertops, a designer tile backsplash, and stainless steel appliances, including a wall oven, gas cooktop, and an expansive island with a breakfast bar. A spacious walk-in pantry and convenient butler's pantry offer ample storage solutions.The kitchen flows effortlessly into the dining nook and great room, which is complete with a built-in entertainment center, surround sound, and a stunning multi-slide glass door ... that opens to create seamless indoor-outdoor living. There's also a bonus area that can be used as a den, office, or formal dining room, providing extra versatility.The split floor plan ensures privacy, with generously sized secondary bedrooms featuring a shared Jack-and-Jill bath, plus an additional full guest bath. The primary suite offers a private exit to the backyard, an en suite bath with dual vanities, a step-in shower with dual shower heads and an oversized walk-in closet. The backyard is truly a resort-style retreat, with a sparkling salt water pool that includes a water feature, Baja step, and in ground cleaning system. The low-maintenance landscaping includes artificial turf, a putting green, and travertine pavers, and misters under the extended covered patio. Additional highlights include a 3-car tandem garage with a concrete pad and RV gate ** RV PARKING WELCOMED** . This stunning property is easy to show and move-in ready!

6210 E Red Oak Circle Hereford, AZ 85615

$759,000
3 Beds
3.5 Baths
2,434 SqFt
Status Active
MLS # 6687825
Property Type Single Family Residence
Price Type --
Make this New Custom WALSTON HOME plan all your own! Located in desirable Kings Ranch Subdivision on a 2.47 Acre Corner Lot. This 2434 SF home offers 3br/3ba and 1 half bath. Den/Office. Includes a Linear Deluxe Fireplace in Great Room. Coffered Ceiling and 40x96 Wrought Iron Door at Entrance. Oakcraft Timeless Stained Alder Cabinetry throughout with 42'' uppers, soft close doors. Open Kitchen with 10 ft Island, 3CM Granite throughout. Appliances GE Cafe Pkg Double Oven combo SS, GE Cooktop, GE DW, and GE Hood Vent. Upgraded Tile Floors throughout and in all Bedrooms. Ceiling Fans in Great Room, and Bedrooms. 3 X-Large 12x8 Milgard Tuscany Sliders accessing the back patio from the Great Rm, Dining, and Master Suite. Extra-large Pantry with added shelving, a convenient Laundry Room includes a folding area with lower cabinets for storage. Delta Matte Black faucets. Bath Tile Surrounds w/Niches. One 2-Car Garage 18x8 door and One 1-car garage 9x8 door that both access home. 2x6 frame construction fully sheared. Soft water Loop, Front Courtyard. Driveway to Rd, front yard landscape w/drip. Fence block backyard wall with man gate and 10 ft RV gate. High Speed Internet. Completion 08/30/2024. Photos soon!!

906 N Autumn Sage Court Payson, AZ 85541

$759,000
3 Beds
2 Baths
2,319 SqFt
Status Active
MLS # 6698935
Property Type Single Family Residence
Price Type --
STUNNING HOME IN CHAPARRAL PINES ON A CORNER LOT! SINGLE LEVEL AND UPGRADES GALORE*GREAT ROOM*DINING AREA*KITCHEN INCLUDES: S/S APPLIANCES, SLAB GRANITE,KNOTTY HICKORY CABINETS, PANTRY*HARD WOOD FLOORING THROUGHOUT*VERY OPEN FLOOR PLAN* CEILING IS VAULTED W/TONGUE AND GROOVE*8'DOORS*LARGE MASTER SUITE WITH CROWN MOLDING & OWN ENTRY TO BACK COVERED DECK W/JACUZZI*MASTER BATH HAS SLATE TILE FLOORING,TUB, AND LARGE WALK IN SHOWER*LARGE MASTER CLOSET W/BUILT INS*TWO ADDITIONAL SPACIOUS BEDROOMS*OVERSIZED 2 CAR GARAGE W/WORK SHOP OR STORAGE FOR YOUR GOLF CART*THERE ARE TWO COVERED PATIOS WITH PLENTY OF SPACE FOR ENTERTAINING*THIS IS A HIGHLY UPGRADED HOUSE WITH THE PERFECT LOT*WILDFLOWER RIDGE IS AN AMAZING SUBDIVISION IN CHAPARRAL PINES*THE CLUBHOUSE HAS EVERYTHING YOU COULD DREAM OF!!!

19690 W Marshall Avenue Litchfield Park, AZ 85340

$759,000
5 Beds
4.5 Baths
3,954 SqFt
Status Active
MLS # 6716440
Property Type Single Family Residence
Price Type --
Dream home in Litchfield Park! This 5-bedroom, flex space, den, loft, and 4.5-bath beauty. Built in 2021, showcases over $100k in thoughtful upgrades, including a central vacuum, tankless water heater, water softener, and soft-close cabinets. Outdoors, relax in the Pebble Tec pool with in-floor cleaning, a rock waterfall, and all with stunning mountain views and lush greenspaces as your backdrop. Inside, discover a beautifully designed open floor plan with a chef's kitchen, spacious den, and an upstairs loft perfect for relaxation or entertainment. The luxurious master suite features a spa-like en-suite and an expansive walk-in closet. Each bedroom is generously sized, offering comfort for family and guests alike. Located near top shopping, dining, and hiking destinations! Upstairs, the loft provides additional space for relaxation or entertainment. Each of the five bedrooms is generously sized, ensuring comfort for family and guests alike. The master suite is a true retreat, featuring a spa-like en-suite bathroom and expansive walk-in closet. Step outside to your private oasis. The backyard is a haven for relaxation and entertainment, complete with a sparkling pool and ample space for outdoor dining and lounging. The unobstructed views of the surrounding greenscapes and mountains provide a picturesque backdrop for any occasion. Located close to the best shopping, dining, and hiking trails, this home offers the perfect blend of tranquility and convenience. Enjoy the community amenities and the welcoming atmosphere that Litchfield Park is renowned for. Don't miss the opportunity to make this exceptional property your own. View it today and experience the unparalleled lifestyle this home has to offer.

20664 W Marshall Avenue Buckeye, AZ 85396

$759,000
2 Beds
2 Baths
2,236 SqFt
Status Active
MLS # 6716343
Property Type Single Family Residence
Price Type --
PRICE IMPROVEMENT! This beautifully updated residence in Victory at Verrado—a premier 55+ community—offers a luxurious retirement lifestyle with all the right touches. Imagine coming home to your impeccably landscaped oasis, where a striking facade with stone accents and a generous 2-car garage welcomes you. Step inside, and you'll be greeted by an expansive open floor plan featuring vaulted ceilings with exposed beams and rich wood-look flooring throughout, creating a seamless flow. The home's neutral palette sets a relaxing tone, making it an ideal retreat. The gourmet kitchen is a chef's dream, featuring abundant cabinetry, sleek quartz countertops, and a convenient pantry for all your culinary needs. The centerpiece is the island, complete with a breakfast bar, ideal for casual dining or entertaining guests. The subway tile backsplash adds a touch of modern flair, while stainless steel appliances and a blend of recessed and pendant lighting make every meal preparation a pleasure. Large sliding doors open to a lovely backyard oasis, complete with a refreshing pool, creating the perfect indoor-outdoor living experience. After a day of enjoying the vibrant community, retreat to your primary bedroom, a sanctuary with a walk-in closet and a lavish ensuite boasting dual sinks. The luxury continues outdoors with a beautiful backyard, where a covered patio invites alfresco dining and relaxation. The artificial turf ensures a pristine look year-round, while the sparkling pool beckons for a refreshing dip. This fantastic 2-bedroom, 2-bath home in Victory at Verrado is more than a residence; it's a lifestyle tailored for luxury and comfort in a thriving 55+ community. Take advantage of this price improvement and make this stunning home yours today. Welcome home!

3770 E Colonial Drive Chandler, AZ 85249

$759,000
3 Beds
3 Baths
2,425 SqFt
Status Active
MLS # 6721258
Property Type Single Family Residence
Price Type --
Appreciate all the Finer Elements of this Exquisite Home in Solera, a Resort Style Community. Expansive Patio w/views overlooking both the 7 & 11 Fairways, the Lake and Recreation Center, Built in BBQ, Firepit, & lots of Entertaining Space. This Prestine Home is the Largest Floorplan w/ 3 Bedrooms, 3 Baths, a 2.5 car garage w/Epoxy Floors, Side Entry Door & 12'' Ceilings . Beautiful Hickory Hardwood & Tile flooring, Quartz Counters, Travertine Backsplashes, Gas Cooktop, Double Ovens, & Pantry complete this Amazing Chef's Kitchen, There's Formal & Family Lving space, w/a Two Way Accent Fireplace Creating lots of Cozy space to Entertain Family & Friends. Come see all that this Gorgeous Home has to offer. Make this YOUR Arizona ''Resort Home!

13195 W Golden Puma Trail Peoria, AZ 85383

$759,000
4 Beds
3 Baths
2,414 SqFt
Status Active
MLS # 6727941
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This stunning one-year-old residence is nestled in an award-winning master-planned community, known for its exquisite design and luxurious amenities. The heart of the home is a spacious, modern kitchen that seamlessly opens to the great room, creating the perfect space for entertaining and family gatherings. New stainless appliances, huge island, and ample storage provides everything you need and want. Enjoy breathtaking views from your own backyard on a prime view lot. Featuring a travertine stone patio and low maintenance artificial grass. The home also features a 3-car tandem garage, providing ample space for vehicles and storage. Don't miss the chance to own a slice of paradise in this highly sought-after community w/even more amenities to enjoy!

2383 W Detroit Place Chandler, AZ 85224

$759,000 - 5Br/3Ba -  for Sale in Castille, Chandler
Open House
$759,000
5 Beds
3 Baths
3,321 SqFt
Status Active
MLS # 6781106
Property Type Single Family Residence
Price Type --
Welcome to this peaceful cul-de-sac property! You're welcomed by a lovely living room w/ plantation shutters & tile flooring. The cozy family room is perfect for relaxing evenings w/ loved ones. The delightful kitchen features granite counters, abundant wood cabinetry, pendant/recessed lighting, SS appliances, a handy pantry, a center island, & a peninsula w/ a breakfast bar. Upstairs, you'll find a sizeable loft perfect for a workspace or relaxation. Double doors lead to the main bedroom, boasting vaulted ceilings, plush carpeting, an ensuite w/ double sinks, & a walk-in closet. The enchanting backyard showcases a covered patio, a built-in BBQ, stylish pavers, artificial turf, fragrant citrus trees, pristine artificial turf, a charming gazebo, & an outdoor fireplace. Make this yours!

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