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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15911 W Montana De Oro Drive Surprise, AZ 85387

$713,891
6 Beds
4 Baths
3,362 SqFt
Status Active
MLS # 6689397
Property Type Single Family Residence
Price Type --
Big Price Correction!!! READY FOR IMMEDIATE OCCUPANCY!! Brand New Home! This 6 br., 4 ba., (4 bed down, 2 up) 3 car garage home has all the designer touches. Truly move in ready. Features include, master BR down, SS appliances,, upgraded kitchen cabinets, deco tile back splash, Plank Vinyl flooring, window blinds, fans in all the rooms, 16' atrium doors, Surround sound, security system, front yard landscaping plus so many more exciting included features - 10' ceilings, 8' doors, Quartz tops in the kitchen, gourmet kitchen, garage service door, tank less water heater, and so much more! 5 Star Resort Style Amenities include, hiking trails, Aquatic Center, 8 select parks, Picnic Ramada's, Basketball, 3 Pickle Ball courts, bocce ball courts, 18 hole disc golf course, and a Zip Line for the kiddos! This home is Energy Star and Indoor Air Plus qualified. Includes full Builder Warranties plus so much More..

16092 W Questa Drive Surprise, AZ 85387

$713,302 - 3Br/3Ba -  for Sale in Escalante, Surprise
New
$713,302
3 Beds
2.5 Baths
2,357 SqFt
Status Active
MLS # 6783096
Property Type Single Family Residence
Price Type --
Calling all garage guys!!! 5 1/2 Car Air conditioned garage, The gals will love it too! This Home is finished with all the designer touches. Plank floor tile tru out all the traffic areas. Granite Kitchen Countertops, with Tile Backsplash, SS. Appliances, oversided Spa Shower in the Master Bath! Located on a 8800+ SF homesite. Plenty of room for a pool and garden. Energy Star Qualified Home with all builder warrantees. This Home is Ready for Immediate Occupancy!!! 5 Star Resort Style Amenities include, hiking trails, Aquatic Center, 8 select parks, Picnic Ramada's, Basketball, 3 Pickle Ball & bocce ball courts, 18 hole disc golf course, and a Zip Line for the kiddos! This home is Energy Star and Indoor Air Plus qualified Home. 5 Star Resort Style Amenities include, hiking trails, Aquatic Center, 8 select parks, Picnic Ramada's, Basketball, 3 Pickle Ball courts, bocce ball courts, 18 hole disc golf course, and a Zip Line for the kiddos! This home is Energy Star and Indoor Air Plus qualified. Includes full Builder Warranties plus so much More..

1945 W Bramble Berry Lane Phoenix, AZ 85085

$713,000
3 Beds
2 Baths
2,044 SqFt
Status Active Under Contract
MLS # 6762042
Property Type Single Family Residence
Price Type --
Welcome to your stunning like-new single story home in North Phoenix! This beauty was just built in May 2024 and includes nearly $90K in builder upgrades. The Barletta model features 3 bedrooms, 2 baths, and a versatile den to offer a spacious open floor plan. The primary bedroom includes a show-stopping walk-in glass shower, double sinks, a private toilet room, and huge walk-in closet. Your chef's kitchen boasts a gas cooktop, deluxe appliances, a walk-in pantry, and quartz countertops. Enjoy indoor-outdoor living with a center slider to the covered patio and premium backyard landscaping. The community center offers a pool, basketball, tennis, pickleball, 2 dog parks and more! The perfect combination of a newly constructed home without builder delays - ready for you to move in and enjoy!

22886 E Alyssa Road Queen Creek, AZ 85142

$712,990
3 Beds
2.5 Baths
2,451 SqFt
Status Active
MLS # 6742073
Property Type Single Family Residence
Price Type --
Madera at Sultana , Aspen ~newest plan for Ashton Woods, brought to you by Americas largest private builder and builder of the year 2023. Madera allows for quiet living with convenient access to the 24 Freeway and Shopping while providing amazing community ammenities. The Aspen Floor Plan gives you spacious living with an open concept that provides the much needed outside storage for your trailers, toys,shop area in the 4 car supersize garage with rear door. Tankless water heater, 4 panel SGD,double gate, larger lot size in Madera. This home features a gourmet kitchen with built in appliances, extended nook cabinets,36'' gas cooktop, and beautiful shaker cabinetry and quartz counters in the kitchen. The main living areas are styled with 8' interior doors, wood plank tile floors and upgraded carpet, oversized spacious bedrooms, and the primary bathroom features an enlarged tiled shower and separate tub. Cabinet upgrades throughout the home, laundryroom with sink and cabinets. The 4 car supersize with rear access door is a must see garage. Stop by to see the newest master plan community in Queen Creek and newest floor plan.

9314 S 40th Drive Laveen, AZ 85339

$712,490
4 Beds
3 Baths
3,024 SqFt
Status Active
MLS # 6747454
Property Type Single Family Residence
Price Type --
PHOTOS ARE OF MODEL HOME! Our beautiful Evolution plan features our Home within a Home including a large open great room, and has luxury Platinum features such as Quartz counter tops , Cherry Slate Cabinets and Super Luxury 8 x 36 plank tile flooring. This beautiful home has 4 bedrooms plus a study, 3 baths, 3 car garage. A copy of the public report is available on the Arizona Department of Real Estate's website.

12613 S 183rd Avenue Goodyear, AZ 85338

$712,000
4 Beds
3 Baths
2,856 SqFt
Status Active
MLS # 6770241
Property Type Single Family Residence
Price Type --
Privacy and Views! This beautiful semi-custom William Ryan home is perfectly situated at the end of a cul-de-sac, offering privacy and stunning views of the Estrella Mountains and Golf Course. Enjoy spectacular sunrises, sunsets, and moonlit nights from the main living space, upstairs loft, or the back balcony and patio. Inside, the home features raised and coffered ceilings, upgraded staggered cabinetry, a marble and tile surround fireplace, updated walk-in primary shower, stainless steel appliances and split floor plan. Thoughtful window placements maximize the views. Enjoy the Estrella lifestyle with two lakes, community centers, state-of-the-art fitness centers and a water park. You must see this in person! Please don't miss the video. Turn up the volume to hear property features.

2046 N Dayton Street Phoenix, AZ 85006

$712,000 - 3Br/3Ba -  for Sale in Princeton Heights, Phoenix
New
$712,000
3 Beds
3 Baths
1,693 SqFt
Status Active
MLS # 6782162
Property Type Single Family Residence
Price Type --
Check out this trendy 2 bed 2 bath home on a large corner lot in the centrally located Historic Coronado Neighborhood. The main house is 1112 sq ft 2bed 2 bath, guest house studio 581 sq ft. This beautiful home has been completely remodeled to include the detached guest house equipped with 12 ft slider, bathroom, murphy bed, full size refrigerator, & cabinets. Main house kitchen has been updated with quartz countertops, white cafe' appliances, white shaker cabinets, large under-mount black sink, and under & over cabinet lighting. Primary bedroom is stunning, with accent walls, electric fireplace and custom lighting. Walk-in closet includes washer/dryer & linen cabinet. All bathrooms include tiled walk-in showers, tiled floors and gold accents. The backyard is an entertainers delight with new pebble tech party pool with 2 Baja shelves, bench & table. Built in gas BBQ & Firepit. Above ground hot tub, artificial turf and travertine. Other upgrades include, new electrical panel, sub-panel and wiring, underground plumbing to the street completely replaced, both roofs replaced in 2021, tankless water heaters, HVAC's replaced in 2017 & 2022. Too much to list on this one!! This home can be sold turn-key and is perfect for someone looking for a ready to go Airbnb. You cannot beat the location, 7 minutes from the airport and a short 20 minute walk to Downtown Phoenix!!

1462 E Tiffany Court Gilbert, AZ 85298

$711,461 - 5Br/3Ba -  for Sale in Waterston Central Phase 1, Gilbert
Open House
$711,461
5 Beds
3 Baths
2,551 SqFt
Status Active
MLS # 6774770
Property Type Single Family Residence
Price Type --
Exceptional new home in Vireo at Waterston Central, located on a corner cul-de-sac homesite for optimal privacy. The expansive 5-bedroom home boasts designer selections throughout, including a kitchen with a gas cooktop, separate wall oven, microwave, custom backsplash, quartz countertops, and a recycle center. Other features in the home include grey cabinets, upgraded Galeon bath fixtures and accessories, custom ceramic tile shower in the primary bath, cabinets in the laundry room, and metro mission iron maple stair rails. Flooring consists of ceramic tile and upgraded carpet. The home is on a soft water loop system and also includes 8 foot interior doors, structured wiring, and pavers at the driveway.

56 E Camellia Way Queen Creek, AZ 85140

$711,000 - 2Br/3Ba -  for Sale in Encanterra, Queen Creek
New
$711,000
2 Beds
2.5 Baths
2,124 SqFt
Status Active
MLS # 6782741
Property Type Single Family Residence
Price Type --
Live the Resort Lifestyle at Encanterra, Stunning 2 Bedroom, 2.5 Bath home features a Guest En Suite, separate Golf Cart garage, Office Space & a Private Den. Back Patio has Morotized Screens giving you an instant Arizona Room. Pre-Wire Surround Sound, Just a short walk away to the heart of resort amenities. Enjoy the luxury of the indoor pool, lap pool & the Solaz Golf View pool, perfect for soaking up the sun or taking a refreshing dip. Unwind in the Jacuzzi & dine at La Palma restaurant. Stay active with access to the gym, spa, For more excitement, head over to the Algarve complex, boasting an adult pool, Grill & Pickleball/Gaming area for endless entertainment or the Santorini Art Facility. The Community is surrounded by scenic walking paths & Tom Lehman designed golf course.

30108 N 206th Avenue Wittmann, AZ 85361

$710,999
5 Beds
3 Baths
2,818 SqFt
Status Active
MLS # 6747474
Property Type Single Family Residence
Price Type --
Experience the epitome of luxury in this brand-new, 2024-built home! Nestled on a generous 1-acre lot, this stunning 5-bedroom, 3-bathroom residence spans 2,818 square feet. Upon entry, you'll be welcomed by a spacious foyer with soaring 10-foot ceilings. The open-concept design beautifully highlights the gorgeous kitchen, complete with abundant cabinetry, granite countertops, and titanium-leathered 2CM accents in the bathrooms. The kitchen is a chef's dream, featuring gray porcelain tile (15''x30''), stainless steel appliances, a large island, and a walk-in pantry. The great room is a centerpiece with its impressive 12-foot sliding glass door and flooding the space with natural light. The primary suite offers a tranquil retreat, boasting double sinks, a private toilet room, and a walk-in-in closet. Two guest bedrooms (one with a walk-in closet) share a convenient Jack and Jill bathroom. Additional amenities include a laundry room with cabinets and a wet sink, a soft water loop installed the home is equipped with two AC units: a 5-ton, 14 SEER unit, and a 3.5-ton, 14 SEER Goodman unit. Garage has a 240-volt outlet ready and a 400-amp service. This home seamlessly blends modern elegance with practical features, perfect for comfortable living and entertaining.

16719 E Gloria Lane Scottsdale, AZ 85262

$710,900
4 Beds
2.5 Baths
2,738 SqFt
Status Active
MLS # 6374395
Property Type Single Family Residence
Price Type --
**COMPLETED SPEC** 4 BED, 3 BATH, 2738 SQFT, 4 CAR GARAGE. THERE IS A HUGE OPEN KITCHEN WITH UPGRADED ESPRESSO CABINETS, GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES AND A WALK IN PANTRY. OPEN GREAT ROOM WITH GAS FIREPLACE. UPGRADED TILE FLOORING IN ALL THE RIGHT PLACES. THERE IS A FRONT AND REAR COVERED PATIO, 2X6 CONSTRUCTION, TILE ROOF, LOW-E DUAL PANE VINYL FRAME WINDOWS,,

62 W Elmwood Place Chandler, AZ 85248

$710,900
5 Beds
3 Baths
2,878 SqFt
Status Active
MLS # 6754032
Property Type Single Family Residence
Price Type --
Huge Backyard!!!! Beautiful Home with Private Pool in the gated Ironwood Vistas Community! Nestled in the sought-after Ironwood Vistas community, this home offers it all! Enjoy the luxury of your own private pool on one of the largest lots, plus access to the community pool and jacuzzi. The spacious layout features a full bedroom and bathroom downstairs—perfect for guests or a private retreat. Upstairs, discover a massive bonus room/loft for extra living space. With new living room and dining room tile, a recently serviced AC (new in 2014), and charming touches like a Pygmy orange tree and fresh basil, this home is full of delightful surprises. Come see why this home stands out!

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