Epic Housing Shortage Being Reported

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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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

15008 N 48th Place Scottsdale, AZ 85254

$725,000

3 Beds

2.5 Baths

1,674 SqFt

Status Active

MLS # 6773475

Property Type Single Family Residence

Price Type --

Spacious Three Bedroom, Two-and-a-half bathroom beautiful home in 85254. Fresh paint inside and out with trendy, neutral color palette. New wood-like durable laminate in great room and family room, tile in kitchen and bathrooms, all bedrooms new, neutral-colored, comfortable carpet. Perfect sized kitchen with crushed granite counter tops, stainless steel appliances, lots of cabinet space. TWO Fireplaces, one in Living Room, the other in Family Room. Light and bright and clean! Garage super clean, as well. Pool decking resurfaced. Nice long patio with built-in BBQ. Easy, low maintenance landscaping. No HOA!!!

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402 W Beechnut Place Sun Lakes, AZ 85248

$725,000

3 Beds

3 Baths

2,348 SqFt

Status Active

MLS # 6776343

Property Type Single Family Residence

Price Type --

DESIRABLE Barcelona w/ CASITA Model in the GATED, ADULT COMMUNITY of Ironwood featuring INTEGRA BLOCK CONSTRUCTION, 2019 ROOF, 2021 Water Heater, 3 Bedrooms + DEN & PVC LANDSCAPE DRIP SYSTEM. The EAT-IN Kitchen features an ISLAND, tons of cabinet space, Pantry, Stainless Appliances & GAS COOKTOP. The SPACIOUS Master Suite has a sitting room, double sinks, SEPARATE TUB/SHOWER & MASSIVE WALK-IN CLOSET. Full Guest Bath & 2nd Bedroom in main house. 3rd Bedroom/Bath in SEPARATE GUEST HOUSE. Extra storage in the LAUNDRY ROOM & 2-CAR PLUS GOLF CART GARAGE. The NORTH-FACING, EXTENDED AZ ROOM overlooks the LOW MAINTENANCE BACKYARD w/ AMAZING GOLF COURSE VIEW. All of this PLUS Sun Lakes' amenities like: golf, tennis, pickle ball, pools, fitness center, clubs, social activities & restaurants!

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19550 N Grayhawk Drive Unit 2018 Scottsdale, AZ 85255

New

$725,000

3 Beds

2 Baths

1,795 SqFt

Status Active

MLS # 6782449

Property Type Townhouse

Price Type --

Fantastic views of the McDowell Mountains and Talon golf from this single level Monarch plan in Cachet at Grayhawk. Lightly used as a second home this upgraded unit features split great room plan with 3 beds , 2 baths, and a direct entry 2 car garage. High flat ceilings, wood look tile throughout, raised-panel maple cabinets, granite counters, ss appliances, tile backsplash, & upgraded baths mean the heavy lifting has been done for you. Cachet is in the guard gated Talon Retreat& features its own heated pool/spa, workout facility, tennis courts, & tons of walking trails. Easy access to the 101, DC Ranch Market Street, Kierland/Scottsdale Quarter, & numerous championship golf courses. This unit is in a great interior location with views & is great for a primary or secondary residence.

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2107 S Paseo Loma -- Mesa, AZ 85202

$725,000

3 Beds

2 Baths

1,954 SqFt

Status Active

MLS # 6779459

Property Type Single Family Residence

Price Type --

Lake Front, Large Lot, Large Home, completely updated to today's standards! Lake view and access from both the master bedroom and the living room! New large 12 foot slider onto your back deck, New redesigned gourmet kitchen, New redesigned master suite. The large deck is perfect Homes with private access to the lake sell quickly. Don't let this one slip by.

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7663 E Pleasant Run -- Scottsdale, AZ 85258

$725,000

2 Beds

2 Baths

1,590 SqFt

Status Active

MLS # 6778636

Property Type Townhouse

Price Type --

Complete remodel, lock and leave, in impressive location with restaurants and shops in walking distance, on the Green Belt in McCormick Ranch. No expense spared on this full renovation. All new plumbing, new electrical, duct work, new flooring throughout. Big kitchen with lots of storage, walk in pantry, stainless steel appliances in a bright open floor plan going into the great room. Ceiling fans throughout. Primary bedroom is fantastic with plenty of room, well lit bathroom with skylights, double sink, free standing tub and a shower with waterfall and hand held wand, walk in closet. Second bedroom is spacious. This is one you will want to see. Great, quiet location within community, right next to the pool, just walk out your back slider. The nicest 2/2 in Pleasant Run!

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14037 N 57th Street Scottsdale, AZ 85254

$725,000

4 Beds

2 Baths

1,420 SqFt

Status Active

MLS # 6777739

Property Type Single Family Residence

Price Type --

Exquisite 4-Bed, 2-Bath Home in Desirable 85254, minutes from Kierland and Scottsdale Quarter! Nestled in one of Scottsdale's most sought-after zip codes, this beautifully remodeled home blends modern elegance with low-maintenance living. Inside, an open floorplan invites you to expansive living spaces and stylish, larger bathrooms. The kitchen features stainless steel appliances, pristine quartz countertops, 42'' white modern cabinets with gold accents, and a designer backsplash. Both bathrooms are fully updated with chic tile, vanities, and fixtures. With new windows and doors throughout, the home is as efficient as it is stunning. Step outside to a spacious, lush grass backyard complemented by a long covered patio, perfect for relaxing and entertaining. The newly added hot tub adds a luxurious touch to your outdoor retreat. With a soft, neutral color scheme and easy-to-maintain design, this Scottsdale gem is perfect for those seeking comfort, style, and convenience in the vibrant heart of 85254.

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5115 W Piedmont Road Laveen, AZ 85339

$725,000

3 Beds

2 Baths

2,344 SqFt

Status Active

MLS # 6778626

Property Type Single Family Residence

Price Type --

Updated horse property in a prime central valley location with SRP flood irrigation! Recently painted inside & out with new vinyl flooring, this is the blank slate you have been searching for and more. The fully fenced back pasture features 3 large horse stalls with water/electricity and a new chicken coop with large run so you can enjoy fresh eggs daily! A block wall fenced yard off the house is a great space for you to create a private backyard oasis. Inside, the eat-in kitchen boasts quartz countertops, updated stainless steel appliances, and a breakfast bar. A wood burning fireplace in the family room creates a cozy atmosphere perfect for the holidays with loved ones. You don't want to miss this rare opportunity to own over an acre with NO HOA!

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420 W Mountain Vista Drive Phoenix, AZ 85045

$725,000

4 Beds

3 Baths

2,329 SqFt

Status Active

MLS # 6779431

Property Type Single Family Residence

Price Type --

Your private botanical oasis awaits in Ahwatukee, offering stunning mountain views & an ultra-lush landscape. This is a meticulously maintained home with a fresh new kitchen complete w/ under counter lighting & more. A true outdoor paradise, complete with a saltwater pool that can be illuminated in various colors, a soothing jacuzzi, and 22 trees, including fruit trees that ensure privacy as well as vibrant shrubs, herbs, & flowers, all complemented by a brand-new pergola, child protection around the pool, automatic lighting, and three fire pits for cozy gatherings. Inside, the luxurious master suite features a walk-out balcony & a spacious en-suite bathroom. New roof 2017, reverse osmosis & more. Top-rated Kyrene and Tempe schools. Careful, an oasis like this could disappear quickly!

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20421 E Ocotillo Road Queen Creek, AZ 85142

$725,000

4 Beds

1 Bath

1,137 SqFt

Status Active

MLS # 6778854

Property Type Single Family Residence

Price Type --

Historic Charm Meets Modern Comfort! Step into this captivating 4 bedroom, 2 bathroom home nestled in the heart of Queen Creek. The interior boasts stunning wood floors that flow seamlessly through the common areas, and into the newly remodeled kitchen. The large lot provides ample space for outdoor enjoyment, and the charming exposed brick exterior adds to the home's unique character. Experience the best of both worlds with this prime location, just moments away from downtown Queen Creek's vibrant shops and restaurants.

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12925 W Llano Drive Litchfield Park, AZ 85340

$725,000

4 Beds

3.5 Baths

4,194 SqFt

Status Active

MLS # 6781082

Property Type Single Family Residence

Price Type --

This stunning residence offers an unparalleled living experience. The spacious interior, bathed in natural light, features a gourmet kitchen perfect for culinary enthusiasts. The master suite, with its additional room, provides ultimate flexibility for a private gym, office, or media room. The expansive backyard is an entertainer's dream, featuring a sparkling pool and inviting patio. This meticulously maintained home offers a wealth of features, including a new roof, a three-car garage, and energy-efficient solar panels.

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243 S Tiago Drive Gilbert, AZ 85233

New

$725,000

4 Beds

2.5 Baths

2,979 SqFt

Status Active

MLS # 6781945

Property Type Single Family Residence

Price Type --

Spacious single-level 4-bedroom, 2.5-bathroom home with an extended 3-car garage on a large lot in a prime Gilbert location! This split floor plan offers both a living room and a family room with vaulted ceilings and plantation shutters. Family room includes a cozy fireplace. The kitchen features an island, granite countertops, refaced cabinets with pull-out shelves, a pantry, and an eating area, with the refrigerator included. Extra-large primary bedroom with backyard access, walk-in closet, and a beautifully updated bathroom with a tiled shower. Enjoy the sunroom/patio for year-round outdoor living! The low-maintenance backyard includes artificial turf. The garage offers additional storage cabinets and two 20-amp outlets for a freezer or compressor. Laundry room includes a sink, and there's a Kinetico water softener system. Recently painted exterior. Fantastic central location near the Heritage District!

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5653 S Crowley -- Mesa, AZ 85212

$725,000

2 Beds

2.5 Baths

2,470 SqFt

Status Active Under Contract

MLS # 6732727

Property Type Single Family Residence

Price Type --

Welcome to this wonderful home nestled in the Encore at Eastmark, an Active Adult Community. This community boasts top-tier amenities including pickle ball courts, a fitness center, swimming pools, walking paths and more. This immaculate single-level home features an open floor plan with neutral tones with wood and tile flooring. The entry opens to a dedicated office and formal living room, while a private-entry guest suite adds convenience for hosting. Primary suite has a large walk-in shower, expansive closet and double sinks with quartz counter tops. The heart of the home is the eat-in kitchen, complete with a large center island, gas cooktop, breakfast bar, and stainless steel appliances, along with a walk-in pantry and a butler's pantry that doubles as an additional office or hobby room. Enjoy the covered patio, an outdoor pergola, built-in BBQ, and an outdoor fireplace with family and friends. Located within walking distance to all community amenities, this home offers a luxurious, comfortable lifestyle in one of Mesa's most sought-after communities.

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