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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4145 W Buckskin Trail Phoenix, AZ 85083

$719,900
4 Beds
3 Baths
2,708 SqFt
Status Active
MLS # 6777318
Property Type Single Family Residence
Price Type --
Welcome to your dream home in desirable Stetson Hills! Stunning 4-bdrm + den showplace Huge great room w/ soaring 10-foot ceilings & built-in surround sound. Formal Dining. Gourmet kitchen boasts double islands, a gas cooktop, & spacious pantry, making it a chef's paradise. The expansive owner's suite is a true retreat, complete w/ a remodeled bath, a large walk-in closet, & a private door to the back patio. Step outside to your resort-style backyard, where a sparkling Pebble Tec pool & spa await, featuring a large Baja step, elegant stone accents, & fire features amidst manicured landscaping, including low-maintenance faux turf. The extended patio w/ a built-in gas grill, refrigerator, & integrated speakers. 2nd Master w/ private bath. Two newer Lennox A/C's. Pride of ownership!

11611 N 189th Drive Surprise, AZ 85388

$719,900
4 Beds
3 Baths
2,163 SqFt
Status Active
MLS # 6765141
Property Type Single Family Residence
Price Type --
Welcome to 11611 N 189th Drive in Surprise, AZ! This stunning, newer 4-bedroom, 3-bath home offers 2,163 sq. ft. of living space on an impressive 9,114 sq. ft. lot. Designed with the popular Wayfarer split floor plan, this single-level beauty features spacious and versatile living areas, perfect for families and entertaining. Step into the heart of the home and enjoy the modern kitchen equipped with stainless steel appliances, a gas range, and plenty of space for culinary creations. The home's interior shines with brand-new paint and luxurious LVP flooring throughout, providing a fresh and contemporary look. The spacious 3-car tandem garage plus a 50 ft. RV garage is perfect for car enthusiasts, RV owners, or those with plenty of toys to store. Outside, the oversized backyard is an entertainer's dream! Enjoy breathtaking views of the White Tank Mountains while relaxing in your newer pool or on the low-maintenance turf. With so many options for outdoor activities and entertaining, this incredible property is ready to become your personal oasis. Don't miss your chance to own this versatile and stunning home!

2501 E Campbell Avenue Phoenix, AZ 85016

$719,900
4 Beds
2 Baths
2,031 SqFt
Status Active
MLS # 6768095
Property Type Single Family Residence
Price Type --
LOCATION!LOCATION!LOCATION!LOCATION, Don't miss this opportunity to own this delightfully renovated split floor 4b 2b with an addition that can be made into 5th bedroom. Nestled in the coveted BILTMORE area with Bonus Camelback mountain views, minutes walk to a plethora of amenities. Enjoy world-class shopping and dining at the nearby Biltmore Fashion Park, or take advantage of the renowned golf courses and recreational facilities in the area. With its central location, you'll also find convenient access to major transportation routes, making it effortless to explore the vibrant city of Phoenix, Arcadia, Scottsdale and beyond. Peace of mind with New plumbing main line, sewer line, New electrical, New AC ducting, New electric RV gate, new Pergo flooring...... huge irrigated corner lot, can easily add a casita. very unique Gem, BE the first to claim this art piece, must see for yourself, won't last, send offers NOW!

21523 N 72nd Avenue Glendale, AZ 85308

$719,900 - 5Br/3Ba -  for Sale in Sierra Verde, Glendale
Open House
$719,900
5 Beds
3 Baths
3,128 SqFt
Status Active
MLS # 6753093
Property Type Single Family Residence
Price Type --
Move-in ready 5 bedroom, 3 bathroom home in the highly sought-after Sierra Verde Community of Glendale offers both comfort and style. Step inside to find a formal dining and living area, complete with a cozy 2-way fireplace and elegant plantation shutters, all beneath stunning vaulted ceilings that create an open and airy feel. The kitchen is a chef's delight, featuring a stainless steel appliance package, granite countertops, abundant cabinet space, and a pantry for all your storage needs. The master bedroom serves as a private retreat with its luxurious amenities, including double sinks, walk-in tile shower, and a spacious walk-in closet. Sitting on a large lot with mature trees, the backyard is perfect for outdoor living, featuring a sparkling pool and a covered patio.. ...for relaxing or entertaining. Additional highlights include new carpet, a 3-car garage, RV gate, and plenty of space for storage or recreational toys. The home also boasts several recent upgrades, ensuring peace of mind for years to come: a brand new AC unit installed in 2021, a beautifully remodeled upstairs bathroom completed in 2024, a new pool filter added in 2024, and a full roof replacement in 2018. Get a private tour today!

5667 W St Moritz Lane Glendale, AZ 85306

$719,890 - 3Br/3Ba -  for Sale in Village At Thunderbird, Glendale
New
$719,890
3 Beds
2.5 Baths
2,552 SqFt
Status Active
MLS # 6782552
Property Type Single Family Residence
Price Type --
Ready Now!! Near all the amenities and park area. 3 Bedrooms, wfh, Quartz counter tops, 42'' Benton Birch stained Cabinets (frost) with black hardware, gourmet collection gas appliances, tile backsplash, wood look flooring and upgraded carpets!! Great sized backyard with covered patio to enjoy. Just steps away from all the amazing amenities Legends has to offer.

20039 N 273rd Lane Buckeye, AZ 85396

$719,500
3 Beds
2.5 Baths
2,800 SqFt
Status Active
MLS # 6738057
Property Type Single Family Residence
Price Type --
Welcome to this charming home in Sun City Festival boasting the Voyage Layout offering 3 bedrooms, 2.5 bathrooms, a golf cart garage, and a stunning backyard. Solar is fully owned! You will love the cozy gated courtyard! The inside of this home is spotless with a bright and neutral aesthetic. The gourmet kitchen has granite countertops, stainless steel built-in appliances, pendant lighting over the kitchen island breakfast bar, and a walk-in pantry. Upgraded blinds throughout! The primary suite is gorgeous with a door to the backyard, and a lavish ensuite bathroom with granite counters, dual sink vanity, and a tiled walk-in shower. The remaining bedrooms are move-in ready! Step outside into the expansive covered patio with beautiful travertine flooring and a pool deck. Cool off in the saltwater pool or relax in the spa and the pool is heated to enjoy year round! This home is turn-key! Sun City Festival is an amenity-rich active adult community where the desert meets beauty! Take your pick of activities offered; complete gym, state-of-the-art pickleball court, a variety of group classes, 27-hole beautiful golf course, 2 resort-style pools, onsite rec center, walking trails, and an INDOOR walking track with mountain views, Sun City Festival will not disappoint! Whether you are looking for a second home or a full-time residence in Arizona, this community has it all!

4032 E Earll Drive Phoenix, AZ 85018

$719,500
3 Beds
3 Baths
2,015 SqFt
Status Active
MLS # 6736069
Property Type Single Family Residence
Price Type --
Seize the opportunity to transform this ARCADIA-OSBORN, north facing, gem into your dream project. Move in and renovate, or an opportunity to build new in one of the most desired zip codes convenient to local dining, great shopping, entertainment, airport and Scottsdale schools. Arcadia is known for scenic views and proximity to the best Phoenix has to offer. Booming area with many remodels and flips.

10777 W Whitehorn Way Peoria, AZ 85383

$719,499
4 Beds
3.5 Baths
3,112 SqFt
Status Active
MLS # 6776059
Property Type Single Family Residence
Price Type --
REDUCED - PRICED TO SELL! BRING ALL REASONABLE OFFERS! Original owners well maintained this beautiful move in ready 4-bedroom 3.5 bath home with large kitchen and family room with a large loft upstairs. The community is nestled between the Agua Fria River to the west and Sonoran Desert to the north. 15 minutes to Lake Pleasant Park for outdoor recreational activities such as boating and water skiing. Minutes to entertainment, dining and shopping, hiking and biking trails. The home features a 4-car tandem garage with additional lighting and designated 220 outlet, with water softener. The exterior has stone finish and a covered patio with gas stub. The master bedroom is on the first floor, gourmet gas kitchen, with upgraded cabinets and granite countertop and tile flooring. A large family room for entertainment is wired with surround sound. Desert front & back landscape with artificial turf in back with water auto timers on both. Don't miss the beautiful home, make an offer before it is gone.

148 Circulo Vespucci -- Tubac, AZ 85646

$719,000
2 Beds
2.5 Baths
2,529 SqFt
Status Active
MLS # 6705269
Property Type Single Family Residence
Price Type --
Spectacular home in the exclusive Tubac neighborhood of Santiago del Barrio. Enter through the inviting front courtyard. Once inside, you'll find an open floor plan with a huge great room that features a kiva fireplace, a formal dining area and an ample kitchen with gorgeous cabinetry, granite countertops & breakfast nook area. Indoor design captures the essence of the southwest architecture with carved wood pillars, exposed beams & custom tile work. This lovely home offers 2 bedrooms plus a den that could be a 3rd bedroom, a huge laundry room, an oversized 3 car garage (double & single) with utility sink & side door. There is plenty of parking in front and side of the house. Walk or bike to the village of Tubac,its restaurants,shops and galleries!

18938 W Luke Avenue Litchfield Park, AZ 85340

$719,000
3 Beds
2.5 Baths
2,675 SqFt
Status Active
MLS # 6753710
Property Type Single Family Residence
Price Type --
Experience luxury living in this exquisite single-level David Weekly home, ideally situated in a serene neighborhood with the White Tank Mountains as a breathtaking backdrop. Your private oasis awaits with a beautifully landscaped backyard featuring a sparkling pool and generous space for outdoor gatherings. The neighborhood, exclusively comprised of single-level homes, offers the utmost in privacy. The gourmet kitchen is a culinary delight, featuring sleek quartz countertops with glass tile backsplash, stainlesss appliances, abundant storage, and a convenient breakfast bar with pendant lighting for casual meals. The spacious owner's suite includes a large walk-in shower and walk-in closet, offering comfort and style. Extended covered patio, 3 car garage & this home is in impeccable shape

12957 W Hummingbird Terrace Peoria, AZ 85383

$719,000
2 Beds
2.5 Baths
2,260 SqFt
Status Active
MLS # 6768944
Property Type Single Family Residence
Price Type --
Welcome to this beautifully upgraded 2-bed, 2.5-bath home plus den located in the highly sought after Trilogy at Vistancia. 2,260 SF gem offers pre-paid solar lease, wood plank tile flooring throughout and quiet & private corner lot. The kitchen is a chef's dream featuring granite counters, tiled backsplash, large island and stainless steel appliances including gas range and new smart refrigerator. This spectacular home also boasts a built in wet bar, master bath w/quartz counters and lg custom tiled walk in shower, spacious laundry room w/ ample cabinets and W/D to garage with A/C mini split & epoxy flooring. Backyard is fully landscaped, w/ext travertine patio providing a serene escape perfect for entertaining. This home feels warm and inviting and perfect full or part time home! Located in Trilogy at Vistancia, residents enjoy access to incredible community amenities such as a championship golf course, clubhouse, fitness center, resort-style pools, walking trails, and more. Conveniently situated near shopping, dining, and entertainment options, this home is a true must-see.

10535 E Lincoln Avenue Mesa, AZ 85212

$719,000
5 Beds
3 Baths
3,184 SqFt
Status Active
MLS # 6776622
Property Type Single Family Residence
Price Type --
Welcome to your dream home! With brand new carpet and fresh interior & exterior paint, this beautiful Eastmark home is ready for you! Featuring a 3 car garage, over 3000sqft, 5-beds and 3-baths this home boasts a spacious open-concept layout which makes it perfect for modern living. In the heart of this home is its stunning kitchen, featuring an gas cooktop, built-in microwave & oven, SS appliances, a large island w/pendant lighting and updated bar area. You'll love the functionality of the walk-in pantry, providing gracious amstorage space. Upstairs, you'll find the laundry, bedrooms with a jack and jill bath, and a large loft area that offers endless possibilities for use as a media room, home office, or play area. The spacious master bed is a retreat in itself, complete w/ an en-suit bathroom and his and her closets spaces. Retreat to your spacious backyard for ultimate relaxation. With a large covered patio, upgraded travertine tile and shaded pergola this outdoor space is perfect for relaxing after a long day or enjoying the Arizona sunsets.

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