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

8754 S Maple Avenue Tempe, AZ 85284

$685,000

3 Beds

2 Baths

2,340 SqFt

Status Active

MLS # 6743448

Property Type Single Family Residence

Price Type --

Discover your dream home in the highly sought after Pecan Groves of South Tempe! This charming 3-bedroom, 2-bathroom property features an open living space, formal living room, large master suite, and a bonus home office that's perfect for remote work. The private backyard provides space for plenty of future improvements. This home also features a spacious 2-car garage with an expansive bonus attic storage. The roof was also fully replaced in 2019, providing peace of mind for years to come. Located in a highly desirable area, this home offers easy access to scenic parks, a variety of shopping, and dining options. With convenient freeway access, you're just minutes away from everything Tempe has to offer. Don't miss this fantastic opportunity!

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18465 E Raven Drive Queen Creek, AZ 85142

$685,000

3 Beds

2 Baths

2,232 SqFt

Status Active Under Contract

MLS # 6739153

Property Type Single Family Residence

Price Type --

Looking for a turnkey, move in ready single level with a HUGE lot? Search no more! Positioned in a cul de sac, this single level beauty has almost 17,000sf of land to work with! Pool, view fencing, north south exposure, covered patio, and tons of grass to run and play! Featuring 2,232 square feet, 3 oversized bedrooms, office, and 2 full bathrooms. This great room floor plan has tons of room to entertain, and has a great mix of indoor/outdoor spaces to treat your family, friends, and neighbors to a great time! Welcome home!

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10633 E Sheffield Drive Mesa, AZ 85212

$685,000

3 Beds

2.5 Baths

2,475 SqFt

Status Active

MLS # 6726269

Property Type Single Family Residence

Price Type --

Welcome to your oasis in Mesa's Eastmark community! Showcased like a model home by the original owners, this stunning residence offers the opportunity to own a highly desirable floor plan that rarely becomes available. Enjoy the spacious layout featuring 3 bedrooms plus a den, ideal for today's lifestyle. The gourmet kitchen boasts double ovens, gas range, stainless steel appliances, and a large island, complemented by a charming white subway tile backsplash. Relax in the luxurious master suite featuring a huge walk-in shower, dual sinks, and a walk-in closet with direct access to the laundry roomâ€''all enhanced by wood plank-look tile flooring throughout. Outside, entertain effortlessly with a built-in barbecue, bar/counter seating, and an in-ground spa surrounded by travertine, set am set amidst a manicured, low-maintenance backyard. Why wait months for a builder when you can have this like-new beauty complete with modern custom upgrades!

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7507 N Via De La Campana -- Scottsdale, AZ 85258

$685,000

2 Beds

2 Baths

1,201 SqFt

Status Active

MLS # 6733064

Property Type Single Family Residence

Price Type --

MODERNIZED AND REMODELED in the heart of McCORMICK RANCH. Discover this delightful 2-bedroom residence on a quiet cul-de-sac! Amazing, open layout with vaulted ceilings, exposed beams, a soothing palette, and stylish wood-look flooring. The gourmet kitchen boasts quartz counters, flat-panel cabinets, recessed lighting, a tile backsplash, stainless steel appliances, and a peninsula with a breakfast bar. The main bedroom offers plush carpeting, a walk-in closet, and a private bathroom, ensuring comfort and convenience. Outside, the backyard is perfect for enjoying stunning sunsets, complete with a covered patio, low-maintenance artificial turf, a ramada, and a refreshing pool for cooling down on hot summer days. Be sure to check out the upgrade list: AC 2020, POOL 2017,

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5760 E Tyler Road Prescott Valley, AZ 86314

$685,000

3 Beds

2 Baths

2,219 SqFt

Status Active

MLS # 6647869

Property Type Single Family Residence

Price Type --

Better than brand new, this year-old home has gorgeous additions and upgrades throughout. This 3 bedroom/2 bath home ALSO has an office. The light and bright open floor plan boasts a lovely kitchen with an oversized island, granite countertops, custom backsplash and a walk in pantry. The home is adorned with quality interior shutters throughout. The owners suite offers a large bedroom, dual vanities, walk in shower & a large closet with all of the built-in bells & whistles. Down a separate hall you will find two additional bedrooms and a guest bath. The covered back patio and backyard landscaping are perfect for outdoor entertaining. Home also offers a large laundry room w/extra storage, a whole house water filtration system, new high end carpeting in bedrooms, extensive back landscapin

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8245 E Bell Road Unit 209 Scottsdale, AZ 85260

$685,000

3 Beds

2 Baths

1,819 SqFt

Status Active

MLS # 6689032

Property Type Townhouse

Price Type --

Welcome home! This fully furnished, stocked with 5 star amenities, 3 bedroom 2 bath condominium is a rare opportunity you can't miss. Open floor concept with vaulted ceiling, cozy fireplace, and lots of natural lighting. Newer kitchen appliances just installed, as well as new paint. New island window shuttters! Steps away from a heated private community swimming pool and Jacuzzi and separate BBQ area with covered seating. A truly resort like environment. Two car garage with open guest parking available. Located in the highly sought after Montana del Sol, a gated community complex close to the Fairmont Princess, the new Draft Kings & Sportsbook, and TPC Golf course where they host the famous Waste Management Phoenix Open. Minutes away from West World and Gateway Park. Amazing 2nd home or investment property! You don't want to miss this!

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1734 S 177th Avenue Goodyear, AZ 85338

$685,000

4 Beds

3 Baths

3,361 SqFt

Status Active

MLS # 6693138

Property Type Single Family Residence

Price Type --

Seller Financing Available! Discover country living in the city with this fantastic home set on a fully fenced 1.1-acre lot! Providing a detached car garage, gated entry, and tons of room for extra parking. Inside, you'll find a spacious living & dining room and a family room w/media niche. PLUS! Bonuses include a den, storage room, and a guest quarter with a kitchenette & private bathroom. HUGE side & back yards with an open patio and lush green grass. Ideal for horse lovers or home businesses, this gem has endless potential! No HOA!

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931 N Senate Street Chandler, AZ 85225

$685,000

4 Beds

2 Baths

2,340 SqFt

Status Active

MLS # 6730503

Property Type Single Family Residence

Price Type --

BEAUTIFUL CHANDLER CUL-DE-SAC! This stunning 4-bedroom, 2-bathroom residence boasts a 3-car garage, large lot, fenced pool, and lots of room to enjoy. Enjoy the open and bright living areas with new upgraded back doors, plantation shutters, skylights and custom security iron work on front door and garage windows. Newer AC and roof ensure the big items are taken care of for you. The large primary bedroom includes a fabulous walk-in closet and separate exit to the backyard. The attached bathroom includes a soaking tub, separate shower, and private toilet. This space offers the opportunity for endless relaxation. Outside, you'll love the private fenced pool surrounded by gorgeous tile work, grass and fruit trees. Great space and plenty of room to entertain friends and family! Quiet neighborhood located close to food and shopping - what more could you ask for?

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8152 W Aster Drive Peoria, AZ 85381

$685,000

5 Beds

3 Baths

2,874 SqFt

Status Active

MLS # 6727371

Property Type Single Family Residence

Price Type --

Absolutely Stunning 5 Bedroom, 3 Bath, Single Level Home Located in Highly Desired Almost Half Acre Horse Property in Peoria, Formal Living Room, Upgraded Kitchen w/Granite Countertops, Breakfast Bar, Stainless Steel Appliances, Spacious Dining Room, Oversized Family Room w/Amazing View of the Backyard, Master Bedroom w/Ensuite Remodeled Master Bathroom w/Dual Sinks, Attached Guest House Spacious Bedroom & Bathroom w/Separate Exit,Professional Addition Was Done to Add a 5th Large Bedroom on 2nd Floor, Backyard is Amazing w/ 5 Different Types of Fruit Tress & FLOOD Irrigated Grass Lot, Basketball Court, Firepit, Extended Covered Patio, Got Horses or Other Livestock? They are allowed! RV Gate w/RV Parking & Hook-Ups, NO HOA, 2 Car Garage, Pretty Rare Property! Come Check It Out!

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325 E Caribbean Lane Phoenix, AZ 85022

$685,000

4 Beds

2 Baths

2,599 SqFt

Status Active

MLS # 6694650

Property Type Single Family Residence

Price Type --

Charming home offering comfort and convenience in a peaceful, quiet neighborhood! Inside you'll find a cozy living space, perfect for relaxing or entertaining friends. Kitchen opens to family room accented by a fireplace. Large bonus room with vaulted ceiling makes a great game room with a kitchen passthrough. The primary bedroom boasts a generous layout with French doors to the pool, walk-in closet, and bathroom complete with dual sinks and a walk-in shower. Step outside to your private backyard oasis and discover a fire pit, mature trees, and a sparkling swimming pool, creating a serene setting in your very own backyard! Move In Ready!

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6642 E School House Flats Hereford, AZ 85615

$685,000

4 Beds

3.5 Baths

3,042 SqFt

Status Active

MLS # 6743531

Property Type Single Family Residence

Price Type --

Check out this beautiful custom built home with stunning mountain views and a sparkling private pool in the back yard. Double shower in primary bathroom with four shower heads, walk in closets & kitchen pantry, man cave bonus room, double oven, double HVAC units, guest bedroom with 1/2 bath and 2nd guest bedroom with full bath. 3 car garage with one converted & fully insulated. Home includes water softener, fridge, home security system, fire pit, huge double shed, and solar pool heating system! A must see!

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2720 N Sterling -- Mesa, AZ 85207

Open House

New

$685,000

3 Beds

2 Baths

2,126 SqFt

Status Active

MLS # 6759083

Property Type Single Family Residence

Price Type --

Welcome Home, where comfort meets modern elegance! This expansive 2,100+ sqft residence offers 3 bedrooms, 2 bathrooms, plus a versatile Den/Bonus Room, all set on a generous 9,100 sqft lot. The spacious master suite, located at the rear of the home, serves as a peaceful retreat, complete with an oversized master bath and an expansive walk-in closet. At the heart of the home lies the stunning kitchen, featuring a striking waterfall quartz island, quartz countertops, and upgraded raised-panel cabinetry—perfect for culinary creations and casual dining. Host formal gatherings in the elegant living room or relax in the Den/Bonus Room, both thoughtfully designed for entertaining. Step outside to your serene backyard oasis, highlighted by a crystal-clear PebbleTec pool and a jacuzzi with a soothing waterfall feature, creating the ultimate space for outdoor enjoyment. This home is a true gem, offering a blend of luxury and comfort that's perfect for both everyday living and hosting memorable moments.

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