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.”

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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50134 W Gail Lane Maricopa, AZ 85139

$710,000
3 Beds
2 Baths
1,226 SqFt
Status Active
MLS # 6729907
Property Type Single Family Residence
Price Type --
SPACIOUS, AMPLE LAND WITH PLENTY OF POSSIBILITIES! This equestrian estate sits on 3.3 fenced acres which include a 17-stalls with electricity and water pipes, horse setup, turn out area, ample space for a partially-lit arena, covered RV/trailer parking (RV SPOT WITH 30AMP ) and covered hay storage. The 3 bedroom, 2 bathroom home comes with an updated kitchen and baths. Irrigation, paved roads, private water co. and NO HOA are some of the perks to name a few! Truly an opportunity you can't miss! IT HAS CASITA FULLY RENOVATED THAT COMES A BONUS FOR YOUR GUESTS!!!

12790 W Desert Vista Trail Peoria, AZ 85383

$710,000
2 Beds
2 Baths
1,925 SqFt
Status Active
MLS # 6777159
Property Type Single Family Residence
Price Type --
Nestled within a quiet cul-de-sac in the prestigious 5-star Trilogy resort community, this meticulously maintained 2-bedroom w/ a den, 2-bathroom home offers the ultimate in relaxed luxury. From the moment you arrive, you'll feel the warmth & charm of this single-level entertainer's dream. The open floor plan welcomes you into an airy space perfect for hosting friends & family, with seamless transitions between living areas. The gourmet kitchen is a chef's delight, featuring premium appliances, ample granite countertops, custom cabinetry, & a spacious center island with seating — ideal for casual dining or socializing while cooking. . Step outside to discover your own private retreat. The beautifully landscaped backyard offers a tranquil setting to unwind or entertain. Backyard boast expansive covered patio, lush greenery, & a well-manicured lawn that requires minimal upkeep. Additional highlights include a luxurious primary suite with en-suite and walk-in closet, a versatile guest room, den and oversized laundry room. Situated w/in Trilogy, you'll have access to a host of amenities, from golf courses and pools to fitness centers and community events, enhancing the vibrant resort lifestyle this community is renowned for. This property is truly a rare find in one of the most desirable locations.

20039 S 231st Street Queen Creek, AZ 85142

$710,000
3 Beds
2 Baths
1,718 SqFt
Status Active
MLS # 6747233
Property Type Single Family Residence
Price Type --
This stunning newly built home in the highly desirable Barney Farms community of Queen Creek, AZ offers a perfect blend of modern design and comfortable living. The home boasts a charming exterior on a corner lot with a neatly manicured landscape curb appeal. From the moment you step inside, you'll notice the attention to detail and high-end finishes that set this property apart. The kitchen is a true centerpiece, featuring sleek grey cabinetry with over and under cabinet lighting, granite countertops, white tile backsplash and top-of-the-line stainless steel appliances as well as elegant pendant lighting above the large center island. The open floor plan seamlessly connects the kitchen to the living and dining areas, creating an inviting space for both relaxation and entertainment. The master suite is a true retreat, featuring a spacious layout and a luxurious en-suite bathroom with upgraded fixtures, a walk-in tiled shower, and dual sink vanity with granite countertops and a large walk in closet. The master suite also has an exterior door leading to a backyard oasis of comfort enhanced with a covered patio ideal for outdoor dining, a cozy seating area with a custom gas fire pit, waterfall features and a large green turf area - perfect for Arizona evenings. The low maintenance landscaping ensures you can enjoy your outdoor space without the hassle of extensive upkeep! Other upgrades include exterior custom screen doors and permanent exterior holiday LED lighting. This home is a rare find in Barney Farms offering luxurious living in a vibrant community filled with amenities including parks, a 22 acre lake for fishing & kayaking, a community pool, pickle ball courts, basketball courts and even a community clubhouse where the HOA puts on monthly events for the residents! Don't miss the opportunity to make this exceptional property your new home!

11033 E Rafael Avenue Mesa, AZ 85212

$710,000
4 Beds
2 Baths
2,362 SqFt
Status Active
MLS # 6776298
Property Type Single Family Residence
Price Type --
Why start with a new-build when you can find your own personal paradise MOVE-IN ready next door? Find your ''NEXT'' with all the bells & whistles in the heart of the Mesa Tech Corridor! This 4 BD/ 2 BA split-floorplan offers a private den/office, complete with French doors, a primary suite along one side, three large bedrooms along the other, and sits on an oversized lot with mature landscaping in front and back, providing both privacy and tranquility. A fully updated gourmet kitchen with a large wet island, S/S appliances, and quartz countertops welcomes any chef and guests alike. The kitchen opens to a spacious dining nook and expansive great room, complete with a custom entertainment center, floating shelving, and an electric fireplace with multi-color options for every taste. Newer garage cabinets, storage shelves, an insulated garage door, and an A/C mini-split allow for a gamut of hobbies in comfort, regardless of the weather outdoors. Do you prefer peace & quiet or a mecca for entertainment? The private back yard offers both respite and amenities for any occasion. A private pool with water feature cools any summer day while a personal putting green and half-court basketball area offer options for the athlete in all of us. A pavered patio extends to a covered Ramada and an outdoor built-in barbecue area, perfect for entertaining on all occasions. Close to the 24 Expressway & 202 freeway & nearby all the conveniences of schools, shopping, restaurants, & entertainment throughout the southeast Valley, find your oasis in the desert now and make your offer before it's too late!

12963 W Andrew Lane Peoria, AZ 85383

$710,000
2 Beds
2 Baths
2,193 SqFt
Status Active Under Contract
MLS # 6765008
Property Type Single Family Residence
Price Type --
Step into this beautifully designed, energy-efficient home in Trilogy at Vistancia and experience the perfect blend of modern luxury and comfort. The moment you enter, you're greeted by a spacious, open layout that flows effortlessly from room to room. The heart of the living room is the 2021 remodel, which transformed the space with a cozy electric fireplace, built-in bookshelves and a striking stacked stone accent wall, perfect for gathering with loved ones or enjoying a quiet evening. Every detail of this home has been thoughtfully designed to create an atmosphere of warmth and sophistication. Imagine stepping into a kitchen that inspires culinary creativity, where soft under-cabinet LED lighting illuminates your workspace, and everything is neatly organized with pantry pullout shelves and custom drawer organizers. It's a space where cooking feels effortless. The recently remodeled master bathroom, completed in 2023, invites relaxation with its sleek quartz countertops, elegant Kohler sinks, and rich Moen oil-rubbed bronze fixtures, creating a spa-like retreat in your own home. The porcelain tile floors, added in 2021, extend through the master and guest bedrooms, offering both style and practicality. As you move outdoors, the backyard beckons for memorable gatherings. Picture yourself around the warmth of a natural gas fire pit, grilling at the built-in prep island while friends and family gather. The soothing breeze from the patio ceiling fans keeps everyone comfortable, and the lush landscaping stays vibrant year-round, thanks to a modern PVC irrigation system. This backyard oasis is designed for easy living and endless enjoyment. This incredible community offers an exceptional lifestyle with three distinct club experiences: the golf clubhouse, Kiva Club, and Mita Club. These feature a range of amenities designed to connect residents with their passions and neighbors. With many member-led clubs, a variety of lifestyle events, and activities from golf to art, there's something for everyone. Residents enjoy resort-style pools, fully-equipped fitness centers, tennis and pickleball courts, and creative spaces like the Artisan Studio. The community's scenic trails and chef's kitchen at Four Sages further enrich the living experience in this stunning desert setting.

2513 W Mineral Road Phoenix, AZ 85041

$710,000
4 Beds
2.5 Baths
3,588 SqFt
Status Active
MLS # 6715616
Property Type Single Family Residence
Price Type --
Discover this exquisite 4-bedroom home on a highly desirable N/S facing lot nestled in the gated community of Southern Highlands and surrounded by stunning mountain views. The open layout features large, flexible spaces that are both functional and energy-efficient including 19ft ceilings, a huge loft, and a separate bar area. The living area boasts a stone hearth fireplace, two-tone paint throughout, and tile floors with marble accents. The gourmet kitchen is a chef's dream with 42'' staggered cabinets, Corian countertops, a tiled backsplash, bar top seating, and double ovens. The master suite is conveniently located on the first floor, while the other three bedrooms and the loft with a balcony are upstairs. The master suite boasts a large jetted bathtub, double sinks, walk in shower, and huge walk in closet. Outside is a large covered patio, spacious grassy area of entirely synthetic grass, plus heated pool and spa. Just steps away from hiking and biking trails, with a short commute to downtown Phoenix, Sky Harbor Airport, I-17, and I-10. This home offers a perfect blend of luxury and convenience!

3055 E Austin Drive Gilbert, AZ 85296

$710,000
3 Beds
2 Baths
1,924 SqFt
Status Active
MLS # 6764794
Property Type Single Family Residence
Price Type --
This upgraded 3-bedroom, 2-bathroom home with a den offers 1,924 sq. ft. of comfortable living space in the desirable Morrison Ranch community. With a split floor plan, neutral paint colors, and quality finishes throughout, including a custom fireplace and gourmet kitchen appliances, this home is both stylish and functional. The primary suite features an updated walk-in shower and a custom California closet, offering both luxury and practicality. The low-maintenance backyard, featuring finished turf and pavers, provides a perfect space for relaxation and outdoor gatherings. Located in Morrison Ranch, you'll enjoy walking trails, fishing lakes, and the convenience of being near the new EpicCenter. Plenty of shopping and dining options just minutes away.

3331 W Hemingway Lane Anthem, AZ 85086

$710,000
4 Beds
4 Baths
3,366 SqFt
Status Active
MLS # 6771562
Property Type Single Family Residence
Price Type --
Welcome to Anthem living at it's finest! This 4bed+Den/4bath/3,366 sqft home has everything you need! Upon entering, you're greeted by soaring ceilings & warm neutral tones. Celebrate holiday cooking in the updated kitchen which blends contemporary style w/ modern farmhouse finishes. The pool is ready for the last days of summer & the gas fireplace is primed for those upcoming cool winter nights. Fresh carpet upstairs & all three guest bedrooms conveniently have access to their own bathrooms. Turn the loft into your perfect game or theatre room. Anthem offers a community center w/ gym, indoor/outdoor basketball, pickleball, rock climbing wall, water park, three fishing lakes, skate park..the list goes on. Don't miss your chance to own your dream house in your dream neighborhood!

2824 E Santa Fe Court Gilbert, AZ 85297

$710,000
4 Beds
2.5 Baths
2,446 SqFt
Status Active
MLS # 6772843
Property Type Single Family Residence
Price Type --
Immerse yourself in the comfort of this stunning, impeccably maintained four-bedroom, 2.5-bathroom residence. Located on a quiet cul-de-sac and freshly painted in neutral hues, it creates the perfect canvas for your personal touch. The heart of the home, an upgraded kitchen, is a culinary dream with extended cabinets, a spacious pantry, and ample counter space. The open floor plan flows naturally into the living area. It offers the perfect amount of space for enjoying your favorite show or entertaining with friends. The home's thoughtful split floor plan ensures your privacy, placing the expansive primary suite away from the other three bedrooms. The spacious den/playroom is also set apart from the main living area, offering flexibility

9515 E Rainbow Avenue Mesa, AZ 85212

$710,000
4 Beds
3 Baths
2,236 SqFt
Status Active
MLS # 6775615
Property Type Single Family Residence
Price Type --
Experience Exceptional Living in Eastmark, Mesa's Premier Community. This stunning single-story residence features 4 bedrooms, 3 bathrooms, and 2,236 sqft of thoughtfully designed, open-concept living space. The dining and living areas both offer seamless transitions to the patio through large sliding glass doors, flooding the home with natural light and creating a spacious, welcoming atmosphere. Situated on a prime 8,456 sqft corner lot, the property provides ample outdoor space and privacy. At the heart of the home is the gourmet kitchen, showcasing white shaker cabinets, elegant pendant lighting, a wall oven, gas cooktop, and an oversized island, ideal for both casual meals and entertaining guests. The design extends throughout with sleek, long hallways and a functional mudroom, all without carpet, ensuring easy maintenance and a clean aesthetic. This home is move-in ready, fully equipped with a washer, dryer, and refrigerator, offering a seamless transition for the new homeowner. As part of the highly sought-after Eastmark community, you'll enjoy access to award-winning schools, lush parks, a vibrant community center, and proximity to major employers and amenities. Don't miss the opportunity to experience the best of Eastmark living.

1572 W Chicago Street Chandler, AZ 85224

$710,000
4 Beds
2 Baths
2,313 SqFt
Status Active Under Contract
MLS # 6753393
Property Type Single Family Residence
Price Type --
Price Reduced! Come home to your own resort, located in the heart of Chandler. Minutes from the 101, 202 and the US60, 20 min drive to either airport,& less than 2 miles to Chandler Mall or Downtown Chandler. Walking distance to Chandler YMCA. local grocery stores, Chandler Regional Hospital blocks away, many medical offices, all major employers in Chandler. This great family 4 bedroom, 2 bath home, sits on the largest lot in the subdivision, and has been lovingly remodeled by the same licensed Master Craftsman on all projects. The attention to detail is obvious throughout. The kitchen remodeled Jan. 2023 and boasts New Custom Cabinets with soft close drawers/doors. Pull out shelves in lower cabinets. Butcher Block Island Counter Top with Quartz Countertops on rest. SEE MORE..... A fully permitted 413 sq ft great room is a fantastic addition to your entertainment areas and Double Glass French Doors opens onto a very expansive patio and pool deck with fenced in pebble tec pool/spa resurfaced 2022. The large lot wraps around the home features a citrus orchard with lemon, two kinds of orange and grapefruit trees. Smaller patios off the family room and the Master bedroom add to your outdoor living experience. For pet owners the addition of a doggy wash/potting station with Hot and Cold running water is a must! Lot is landscaped with flowering trees, shrubs and palms, creating a secret garden for your enjoyment. Located on a cul de sac lot with only one story homes as your neighbors, gives you the privacy you crave. Many improvements recently! See Attached Improvements/Remodeled and Does not Convey List in Documents Tab. Installed new roof and fresh interior paint through out July 2024. Become only the third owner of this much-loved home. It won't last long!

1835 E Joy Ranch Road Phoenix, AZ 85086

$710,000
3 Beds
2 Baths
1,635 SqFt
Status Active Under Contract
MLS # 6710667
Property Type Single Family Residence
Price Type --
Assumable 4.75% loan w/ this horse property on a fully fenced 1.25 acre lot w/mountain views. Voted BEST ON TOUR for the desert hills area. This North facing, true split floor plan 3 bed & 2 bath home boasts vaulted ceilings, updated kitchen, freshly remodeled bathrooms, new interior paint, new tile flooring, Water heater & RO System & 3-Stage whole house water filtration System. The kitchen has SS appliances, granite countertops, abundant cabinetry & overlooks the great room, tons of natural light & an oversized dining area. Every inch of this home exudes comfort & style. Outside, discover the covered patios, 6- 12x12 horse mare motel, arena, tack room/shop & RV parking w/50 amp connection. NO HOA! Steps away from state preserve land. Don't miss this opportunity to own piece of land!

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