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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18834 E Cardinal Way Queen Creek, AZ 85142

$725,000
5 Beds
3 Baths
3,521 SqFt
Status Active Under Contract
MLS # 6760760
Property Type Single Family Residence
Price Type --
This home has all the right updates, and has been beautifully taken care of. It features luxury vinyl plank flooring, an open-concept kitchen, showcasing sleek white cabinets, gorgeous granite countertops, stainless steel appliances, and gas cooktop. Downstairs also has a secluded bedroom with a full bath off of it, making it convenient for guests. Upstairs you will find four good sized bedrooms that all offer ample space. This home has two lofts, one of which is a very fun and unique play area for the kids with a built-in indoor slide. Outside, your private paradise awaits! Dive into the sparkling pool, unwind in the soothing spa, or enjoy the warmth next to the built-in gas fire pit. Within walking distance is a large park. Neighborhood also features a community pool and splash pad.

7301 E Almeria Road Scottsdale, AZ 85257

$725,000
3 Beds
2 Baths
1,497 SqFt
Status Active
MLS # 6771862
Property Type Single Family Residence
Price Type --
This open-concept floor plan offers plenty of space for entertaining, making it perfect for hosting friends and family. Step outside and enjoy a backyard that feels like a Palm Springs resort, offering year-round relaxation. On the days you're not swimming, you can unwind by the fire, work in your garden, or throw the ball for your pup in the large grassy area. You'll love being just a short walk from favorite local spots like Trevors, Sushiholic, and Fellow Osteria. Inside, the primary bedroom feels like a private spa, complete with a spacious walk-in closet and newly redone bathroom. For those work-from-home days, the custom-built office with its own entrance is perfect for focus and privacy. Plus, with a brand-new roof, HVAC, sewer lines, and landscaping, you can move in with peace of mind knowing the essentials are already done. This home has it all... You'll love it... I promise!

2705 N 26th Street Phoenix, AZ 85008

$725,000 - 3Br/2Ba -  for Sale in None, Phoenix
Open House
$725,000
3 Beds
2 Baths
1,826 SqFt
Status Active
MLS # 6759736
Property Type Single Family Residence
Price Type --
Discover this modern gem in a prime location! This 2015 built home features 3 spacious bedrooms, 2 bathrooms, and a versatile flex room perfect for a home office. Designed for low-maintenance living, enjoy polished concrete floors, synthetic grass, and desert landscaping. A welcoming wood accent wall greets you at the entry. The open floor plan flows to a sleek kitchen with stainless steel appliances, ample cabinet space, and an island for prep and seating. Expansive floor to ceiling glass doors lead to an oversized backyard, ideal for indoor-outdoor entertaining. The primary suite includes a chic sliding barn door, a dual-sink vanity, and a generous walk-in closet. Located just minutes from downtown Phoenix and Biltmore, this unique home is a must-see!

15609 N 47th Street Phoenix, AZ 85032

$725,000 - 4Br/3Ba -  for Sale in Alcantara Villas Replat, Phoenix
Open House
New
$725,000
4 Beds
3 Baths
2,673 SqFt
Status Active
MLS # 6781070
Property Type Single Family Residence
Price Type --
Discover this stunning home nestled in the highly desirable Alcantara Villas community! Inside, enjoy a bright, open layout with a gourmet kitchen featuring sleek white cabinetry, quartz countertops, a large island, and a walk-in pantry. The spacious living areas include a versatile loft, perfect for an office, playroom, or relaxation space. The inviting living room is highlighted by a 20-foot sliding glass door that fills the space with natural light. Step outside to an oversized patio and beautifully landscaped yard, which make for an ideal outdoor retreat. This meticulously maintained home combines luxury, comfort, and a prime location. With easy access to AZ 51 and AZ 101 highways, commuting across the Valley is a breeze. Plus, you're within 10 minutes of top shopping and dining destinations, including Desert Ridge, Kierland Commons, Scottsdale Quarter, and the newly renovated PV Mall. Don't miss the chance to make this incredible home yours!

9947 W Wizard Lane Peoria, AZ 85383

$725,000 - 4Br/2Ba -  for Sale in Sunset Ranch, Peoria
Open House
$725,000
4 Beds
2 Baths
2,142 SqFt
Status Active
MLS # 6776560
Property Type Single Family Residence
Price Type --
Discover your dream home with RV parking in a prime location! This 4-bedroom, 2-bath gem offers everything you need for comfortable living. The kitchen is a chef's delight, featuring granite countertops, a new GE refrigerator, gas stove/oven, microwave, and a new Bosch dishwasher. Freshly painted inside and out in 2024,New carpet,the home feels brand-new! Enjoy peace of mind with a new HVAC system installed in August 2024, complete with a transferable warranty. New Soft Water System 2024 The backyard is perfect for entertaining, boasting landscaping and a pool built in 2021 and an extended patio. This home is just a short walk to Liberty High School and only 5 minutes from the Four Corners—offering fantastic options for dining, shopping, and entertainment

2025 W Kinfield Trail Phoenix, AZ 85085

$725,000 - 3Br/3Ba -  for Sale in Norterra Pud Phase 1, Phoenix
Open House
New
$725,000
3 Beds
2.5 Baths
2,470 SqFt
Status Active
MLS # 6780979
Property Type Single Family Residence
Price Type --
This beautiful 3-bedroom, 2.5-bathroom, 2-story home is situated in a vibrant community. Inside the modern home, a cozy gas fireplace warms the living room, while tile flooring and plush carpet, dual pane windows, and elegant greige paint create a calming and sophisticated atmosphere. The kitchen features quartz countertops, smoke-colored cabinets, a walk-in pantry, a kitchen island, owned RO, an eat-in area, and a breakfast bar. The primary bedroom, located upstairs, features a split layout and full bathroom for added privacy. Enjoy the convenience of leased solar! The exterior boasts a low-maintenance yard with a built-in BBQ and patio, and artificial grass. The community offers fantastic amenities, including a clubhouse, pool and spa, easy access to public transportation, and more!

4427 S Priceless View Drive Gold Canyon, AZ 85118

$725,000 - 3Br/2Ba -  for Sale in Phase 4 Parcel 3 At Gold Canyon East, Gold Canyon
Open House
$725,000
3 Beds
2 Baths
2,039 SqFt
Status Active
MLS # 6772597
Property Type Single Family Residence
Price Type --
Talk about Priceless Views! Welcome to a beautifully upgraded oasis nestled in the heart of Gold Canyon, AZ. This exceptional residence offers the perfect blend of modern luxury and desert charm, making it a true gem in the community. This home is entertainment ready! Top-of-the-line surround sound system. Cook in style with Samsung Bespoke appliances and commercial grade fixtures that deliver superior performance, making it a chef's dream. Pamper your guests in the newly designed custom designer shower featuring contemporary finishes and a spa-like feel. Curb appeal too, includes new paint, designer wood series garage door, Beautifully landscaped yard, commercial mist system. Plus added peace of mind with new whole home water softer, and recent roof resurfacing.

7211 W Pershing Avenue Peoria, AZ 85381

$725,000 - 6Br/3Ba -  for Sale in Lot 126 Sweetwater Ridge Unit 2 Amd, Peoria
Open House
$725,000
6 Beds
3 Baths
3,792 SqFt
Status Active
MLS # 6723856
Property Type Single Family Residence
Price Type --
** 2% CONCESSIONS OFFERED AT CLOSE!! ** Welcome to your new 6 bedroom/3 full bath & 3 car garage home located in Peoria. This beautiful home features 3 multi-levels with tile/wood flooring throughout. The lower level features a home office, cozy living room with a private mother in-law suite with a full detached bathroom. The upper level features a large primary bedroom with an ensuite bathroom with a soaking tub/separate shower. Upstairs also features four other bedrooms, one of which has its own balcony that overlooks the backyard and a full bathroom. The backyard features a renovated pool, large covered patio and large backyard great for entertaining. RV gate and two brand new AC units. Brand new solar panels + added insulation make this home a must see. This home won't last long!

2626 N 19th Avenue Phoenix, AZ 85009

$725,000 - 3Br/3Ba -  for Sale in Encanto Estates, Phoenix
Open House
$725,000
3 Beds
3 Baths
2,226 SqFt
Status Active
MLS # 6725672
Property Type Single Family Residence
Price Type --
Nestled in the charming & highly sought-after Encanto Estates, this stunning 3-bedroom, 3-bathroom home offers an unparalleled living experience. The property sits on an expansive lot over 15,000 sq ft, providing ample space for outdoor activities & relaxation. The large pool is perfect for cooling off during hot Phoenix summers & offers a great spot for gatherings with family & friends. This home also boasts a 4-car tandem garage, providing space for cars & storage. Encanto Estates is known for its unique blend of mid-century modern architecture, & this home is no exception. Experience the charm & elegance of a home designed with both style & functionality in mind. With its prime location & beautiful design, it offers a unique opportunity to own a piece of Phoenix architectural history

4458 S Ferric -- Mesa, AZ 85212

$725,000 - 4Br/3Ba -  for Sale in Eastmark Du 3/4 North Phase 2 And 3, Mesa
Open House
$725,000
4 Beds
3 Baths
2,381 SqFt
Status Active
MLS # 6766558
Property Type Single Family Residence
Price Type --
This stunning 4-bedroom, 3-bathroom home offers gorgeous curb appeal with a paved driveway, stone accents, and low-maintenance artificial turf. As you step inside, you're welcomed by elegant coffered ceilings, wood-look tile flooring, and cozy Berber carpet in the bedrooms. Every room, living room, and the outdoor patio is pre-wired for ceiling fans, ensuring comfort in every corner. The heart of this home is the gourmet kitchen—a chef's dream, featuring white shaker cabinets, upgraded quartz countertops, pots and pans drawers, a single apron sink, a brick-laid tile backsplash, and pre-wiring for pendant lighting over the large island. Flowing seamlessly into the main living area, this open concept is perfect for gatherings and easy living. There is even a dedicated teen room areaideal as a homework zone, playroom, or cozy media space. The primary suite is a true retreat, boasting coffered ceilings, recessed lighting, and a massive walk-in shower tiled to the ceiling with a rainfall shower head for a spa-like experience. Dual sinks and ample cabinetry complete this luxurious bathroom, along with a spacious walk-in closet. The additional bedrooms are generously sized, each with recessed lighting and walk-in closets to maximize storage. Step outside to the backyard, where you'll enjoy serene greenbelt views through a stylish view fence, creating a relaxing outdoor oasis. The 3-car tandem garage provides ample space for parking and storage, with smart home features adding a layer of convenience. Located in the highly sought-after Eastmark community, this property offers a true resort-style experience. Enjoy luxurious pools, splash pads, abundant parks, Steadfast Farm, and the state-of-the-art clubhouse, The Mark, which hosts year-round events and activities. Don't miss the chance to make this extraordinary home your ownlive in the luxury you deserve!

3199 S Beringer Lane Flagstaff, AZ 86005

$724,999
3 Beds
2.5 Baths
2,113 SqFt
Status Active
MLS # 6758392
Property Type Townhouse
Price Type --
Your perfect Flagstaff home is new, modern, and feels wonderfully chic. It is an end unit, lock & leave townhome with an open floorplan, gorgeous natural light, an upgraded kitchen with beautiful white backsplash, a private yard that opens to green space, and plenty of room for family, friends and pets. This is it - your perfect Flagstaff home. At 2113 sf, it's not too big and not too small. Just right! The spacious primary suite with an upgraded executive bath is luxurious and welcoming. The large room on the entry level is fabulous as an second living area or office. Meticulously cared for, in excellent condition and offered fully furnished/turnkey, just move right in! This home is perfect as your home, Flagstaff getaway, and successful STR. You can have it all!

11888 W Nadine Way Peoria, AZ 85383

$724,999 - 4Br/3Ba -  for Sale in Vistancia Village A Parcel A16, Peoria
New
$724,999
4 Beds
3 Baths
2,422 SqFt
Status Active
MLS # 6780268
Property Type Single Family Residence
Price Type --
Discover the perfect blend of luxury and functionality in this upgraded 4-bedroom, 3-bath home nestled in a sought-after gated community in beautiful Vistancia. With 2,422 sq. ft. of living space, this home features a pool, pristine hard-surface flooring, a 3-car air-conditioned garage with a car charger, RV gate, and insulated attic. A butler's pantry, water softener, reverse osmosis, putting green, and included major appliances add even more to love. Priced to sell, this home is a rare gem offering tremendous value and modern amenities. Come see it for yourself before it's gone!

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