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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8025 S Jefferson Avenue Casa Grande, AZ 85193

$725,000
4 Beds
4 Baths
2,459 SqFt
Status Active
MLS # 6734049
Property Type Single Family Residence
Price Type --
Experience the future of homeownership with this 2023 Net Zero Smart Custom Home, where you can say goodbye to water, gas, and power bills. Nestled on a tranquil 1.48-acre lot in Pinal County, this eco-friendly haven offers the ultimate in sustainable living, all with no HOA fees. Perfectly situated just minutes from the I-10 freeway, this property combines convenience with serenity. The open design seamlessly blends the living, dining, and kitchen areas, creating a spacious and inviting atmosphere ideal for both everyday living and entertaining. This home is a technological marvel, featuring 30 high-efficiency 450W solar panels and two 18kW backup batteries, ensuring you're always powered up. The Rannai water heater, triple low-E windows, thermal bridging, and top-tier insulation contribute to its impressive energy efficiency. Built on a robust 24'' foundation, this home also boasts numerous upgraded finishes and a charming wrap-around porch, perfect for enjoying the serene surroundings. The property includes a shared well, an advanced energy solar system, and a septic system, providing you with complete off-grid living. There's ample space and opportunity to bring your toys and horses, making it ideal for those who love outdoor activities and equestrian pursuits. Located just miles from LCID Motors, Attesa Motorsports Complex, and other exciting upcoming projects in Casa Grande, this home is perfectly positioned for both relaxation and adventure. Please follow the provided directions for your visit, as GPS may not be reliable in this area. Take advantage of the seller's willingness to carry the loan on this remarkable property and embrace a lifestyle of sustainability and tranquility

2677 W Marita Street Queen Creek, AZ 85144

$725,000
4 Beds
3 Baths
2,766 SqFt
Status Active Under Contract
MLS # 6777084
Property Type Single Family Residence
Price Type --
BRAND NEW Construction w/ Custom-Quality Upgrades! This beautiful Modern Farmhouse is located on 1.25 ACRES of Horse Property. Gourmet Kitchen w/ WOLF Appliances, high-end Cabinets w/ 42'' uppers, White Quartz Countertops, 36'' WOLF Gas Cooktop & Range, Built-in Stainless-Steel pull-out Microwave & Wood Plank Tile Floors. Stunning Master Bathroom w/ Freestanding Soaking Tub, BEACH ENTRY Shower & Double Vanities. Exceptional Energy Efficient - boasting Spray Foam Insulation, Premium Trane AC units & High-end Windows. Superior Construction & Craftmanship includes Premium Roofing System, Premium Synthetic Stucco & much more! Estimated completion date in MARCH.

8201 E Monterey Way Scottsdale, AZ 85251

$725,000
3 Beds
2 Baths
2,026 SqFt
Status Active
MLS # 6768389
Property Type Single Family Residence
Price Type --
Welcome to sunny Scottsdale, Arizona! This 2,026 sqft home is set on a private 1/4+ acre lot in the heart of Scottsdale, AZ. This lot is arguably the nicest lot in the community (private, no through streets, next to a quiet walking path) The original owner has taken immaculate care of the home. New roof 2024, sewer re-pipe 2024, New electric panel 2024... and the list goes on! This spacious floor plan allows for easy entertaining with open formal living and dining, while the heart-of-the-home family room (with fireplace) opens perfectly to the kitchen. Just off the living room you will find the large indoor laundry room and a private den with door access to the side yard! Use the den as a home office, gym space or crafts area. On the other side of the home, you will find three bedrooms and two bathrooms. Outside, relax under the oversized covered patio. Pick your own fruit from the handful of mature citrus trees. Watch the Arizona sunset from your own slice of paradise. This beautiful home is nestled in the highly desirable South Scottsdale Corridor - minutes from Old Town, Fashion Square Mall, Restaurants, MLB Spring Training Facilities, Chaparral Park, golf courses, hiking, and the 101 Freeway. Homes like this rarely come to the market. Schedule your showing today!

19334 W Pasadena Avenue Litchfield Park, AZ 85340

$725,000
5 Beds
3.5 Baths
3,072 SqFt
Status Active
MLS # 6726453
Property Type Single Family Residence
Price Type --
GORGEOUS, SPACIOUS HOME ON PREMIUM, CORNER LOT! STARTING W/ THE WONDERFUL CURB APPEAL & INVITING COUTRYARD ENTRANCE, THIS HIGHLY UPGRADED HOME IS SURE TO IMPRESS YOU! FABULOUS KITCHEN W/ WOLF OVEN & MICROWAVE, GAS COOKTOP, BUILT-IN S/S REFRIG., TILED COUNTERTOPS/BACKSPLASH & LOTS OF CABINETS IS COMPLETE W/ BREAKFAST BAR, ISLAND, PANTRY, & BREAKFAST ROOM. POPULAR GREAT RM CONCEPT W/ SEP. DINING AREA. TERRIFIC SPLIT-BR FLOOR PLAN, WITH 3 OTHER BEDROOMS & CHARMING GUEST SUITE TO BOOT! EXPANSIVE MAIN SUITE HAS COZY FIREPLACE & SEP. EXIT. INSIDE LAUNDRY. POWDER ROOM. THIS 5 BR/3.5 BATH W/ 3 CAR GARAGE (TANDEM) IS LIKE A MODEL W/ PLANTATION SHUTTERS, & DESIGNER TOUCHES T/O! BEAUTIFUL TILE & LAMINATE FLOORING. BACKYARD PARADISE INCLUDES COV. & OPEN PATIOS W/ PAVERS, WATERFALL, & FIREPIT!

1874 E Dava Drive Tempe, AZ 85283

$725,000
4 Beds
2 Baths
2,445 SqFt
Status Active
MLS # 6739730
Property Type Single Family Residence
Price Type --
Must see. Nicely renovated in 2022 with expensive shaw flooring throughout the house. marble shower, smart can lights in master bedroom, living room , kitchen and hallway. Kitchen has been fully upgraded with all brand new appliances and Quartz countertop. Come and see the luxurious upgrades in person. Seller and agent are related

2158 N Yale -- Mesa, AZ 85213

$725,000
4 Beds
3 Baths
2,440 SqFt
Status Active
MLS # 6763692
Property Type Single Family Residence
Price Type --
Completely updated home in a non HOA community with potential ADU in backyard. Brand new roof, new paint on the inside and outside. Brand new carpet, synthetic grass for easy maintenance. Great schools, Stapley Jr High and Mountain View HS. Grab your Realtor and come see this house today

4483 N Kirkwood Avenue Prescott Valley, AZ 86314

$725,000
4 Beds
2.5 Baths
2,754 SqFt
Status Active
MLS # 6739413
Property Type Single Family Residence
Price Type --
BEAUTIFUL, MOVE-IN READY HOME located in the popular Granville neighborhood. This 2,754 square foot, single-level home features 4 bedrooms, 2.5 bathrooms, and an office. The house includes all the desired upgrades such as granite counters, 42-inch upper cabinets, tall 10-foot doors, and wood and tile floors throughout (except in bedrooms). Additionally, it boasts a brand-new stainless steel double oven and professionally designed landscaping with flagstone and a stunning waterfall in the backyard. The property also offers a deep, insulated 3-car garage. Walking or biking distance to one of 3 clubhouses with amenities and activities for all ages.

10080 E Mountainview Lake Drive Unit 204 Scottsdale, AZ 85258

$725,000
2 Beds
2 Baths
1,081 SqFt
Status Active
MLS # 6743674
Property Type Apartment
Price Type --
Beautiful views of Lake Serena & Mcdowell Mountains from balcony, bedroom & living room. Gated community with heated pools, spa, workout/rec room & access to the park that has many sports courts, ramadas, greenbelt & community center. Scottsdale Ranch best location in Scottsdale; minutes from Talking Stick Entertainment District, restaurants, Downtown Scottsdale, easy access to Fountain Hills and so much more! No one above. One car garage.

1809 E Kasti Trail Sierra Vista, AZ 85650

$725,000
4 Beds
3 Baths
3,757 SqFt
Status Active
MLS # 6742051
Property Type Single Family Residence
Price Type --
THIS IS IT! Authentic Mud Adobe home featuring over 26,000 mud bricks made onsite! Highly insulated with 16' walls. Custom features such as exposed beams, vigas, saguaro ribs, all ceramic tile & stainless steel appliances. Beautiful hickory cabinets, solid wood doors & Pella windows. Upstairs you'll find your primary suite w/ separate den/office. Downstairs features a huge game/family room w/fireplace & separate den leading out to the patio . Huge kitchen w/ breakfast nook featuring custom table & chairs w/seating for 10. Built in large center buffet. Front & rear covered porches. Outside bathroom for INGROUND POOL area & built in tile counter w/BBQ, fridge & sink. Attached 2 car garage, detached 2+ car garage. Wonderful home for entertaining or large gatherings. HOME STARTS HERE!

21320 N 56th Street Unit 2197 Phoenix, AZ 85054

$725,000
2 Beds
2 Baths
1,697 SqFt
Status Active
MLS # 6746388
Property Type Townhouse
Price Type --
Experience resort-style living at its finest in the luxurious Bella Monte community! This sunny, south-facing second-floor gem offers 2 bedrooms plus a den and 2 full baths, and comes fully furnished. The warmth of this home embraces you as soon as you step onto the front balcony and enter the open, inviting space. The open-concept design features a spacious family room, a well-appointed kitchen with updated counters, backsplash, and flooring, and a large rear balcony—ideal for hosting gatherings, big or small. The two split bedrooms, each with its own walk-in closet, provide the perfect retreat after a day of enjoying all this community has to offer. The fully updated baths add a touch of luxury, making every day feel like a spa day. Additional perks of this lovely unit include a full-size (not tandem) 2-car garage, a first-floor storage closet, balconies on both the north and south sides, and a large storage closet in the laundry room. Plus, you're just a few blocks from Desert Ridge, City North, and easy access to highways 101 and 51. Go to our website for more information Seller is willing to sell unit -fully furnished.

5169 N 207th Drive Buckeye, AZ 85396

$725,000
2 Beds
3 Baths
2,454 SqFt
Status Active
MLS # 6747130
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the serene gated community of Mountainside in Victory, for 55+, where every detail has been thoughtfully curated to blend luxury with comfort. This exquisite home offers breathtaking mountain views and boasts 2 spacious bedrooms and 3 elegantly designed bathrooms. The main level features a primary bedroom with a spacious bath and a custom walk-in closet. Downstairs also includes a den, meticulously finished with custom built-in cabinets, providing ample storage and an elegant touch. You have another bedroom and full bathroom to complete the downstairs. The heart of the home is the upgraded kitchen, a chef's delight w/ granite countertops, stylish tile backsplash, a custom pantry and extended island that invites both culinary creativity and casual gathering. The open-concept layout seamlessly connects the kitchen to the living and dining areas, making it ideal for entertaining. Upstairs, you'll find a versatile loft area that opens to a generous balconyperfect for taking in the stunning vistas or relaxing with a good book. The loft is complemented by a full bathroom, making it an excellent space for guests or a private retreat. Opening your extended sliders downstairs to the backyard you will find a private oasis featuring travertine decking, a built-in fire pit, and a motorized shade creating an inviting space for outdoor enjoyment and cozy evenings under the stars. Home upgrades include custom motorized shades in every room, providing ultimate privacy. This SMART home also includes a two-car epoxy garage, reverse osmosis, and a water softener. This exceptional property marries custom finishes with practical design, ensuring a sophisticated yet comfortable living experience.

32121 N Chestnut Trail San Tan Valley, AZ 85143

$725,000
5 Beds
3.5 Baths
4,223 SqFt
Status Active
MLS # 6749930
Property Type Single Family Residence
Price Type --
Welcome Home! This home is move in ready. This home has an open floorplan with multiple entrances, courtyard and patio. Home is on approximately a 1/2 acre lot in a golf course community. Hurry on over as this home will not last!

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