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.

What’s Your Home Worth?

Search for Your New Home

6610 E Regina Street Mesa, AZ 85215

$699,000
4 Beds
3 Baths
2,557 SqFt
Status Active Under Contract
MLS # 6715948
Property Type Single Family Residence
Price Type --
Pride of ownership is shown in this remarkable corner lot property in Mesa! No HOA! Perfect for a family to make memories or an investors turn key STR dream! Fall in love with an impressive interior showcasing spacious living areas, gleaming tile wood floors, high ceilings, soothing color palette & delightful stone fireplace.The fabulous kitchen boasts stainless steel appliances, sleek granite counters, white shaker cabinets, pantry & center island equipped w/ a breakfast bar. Upstairs double doors open to the primary bedroom, comprised of private access to the balcony, an immaculate ensuite w/ dual sinks & walk-in closet. Host memorable gatherings in the amazing backyard, including a covered patio, fire pit, putting green & sparkling swimming pool w/ a spa! Many upgrades throughout

7923 E Hubbell Street Scottsdale, AZ 85257

$699,000
4 Beds
3 Baths
1,976 SqFt
Status Active Under Contract
MLS # 6714223
Property Type Single Family Residence
Price Type --
Welcome to the Home on Hubbell, a charming mid-century modern gem in the heart of South Scottsdale. This 1976 sq ft home seamlessly combines style and space. The remodeled kitchen features quartz countertops, shaker-style cabinetry, open shelving and a gas cooktop. A large butler pantry doubles as an indoor laundry and direct access from the 1 car garage...if you know South Scottsdale you know these are two huge bonuses! No car port here! The mid-century style of this home is complemented by stained concrete flooring and fresh interior paint. The versatile floor plan includes 4 bedrooms and 3 bathrooms, with a dual master layout perfect for multi-generational living, a roommate setup, or even a vacation rental. The sandblasted brick exterior and reimagined outdoor desert landscaping add to this home's Frank Lloyd Wright-inspired curb appeal. The lush backyard is truly a desert oasis, it's as if you are on vacation in Palm Springs, featuring a beautiful pebble-tech pool. Located just minutes from Old Town Scottsdale, Loops 101 and 202, Sky Harbor and ASU. The Home on Hubbell truly encompasses Scottsdale living with prime location and accessibility.

7147 E Rancho Vista Drive Unit 3007 Scottsdale, AZ 85251

$699,000
2 Beds
2 Baths
1,252 SqFt
Status Active Under Contract
MLS # 6731296
Property Type Apartment
Price Type --
Unbeatable Location, Luxury Amenities - Motivated Seller! Step into modern living with this stunning 2-bed/2-bath condo featuring an open-concept design and courtyard views. Every detail exudes elegance, from high-end upgrades to the spacious primary suite with a huge walk-in closet and flexible space for dining, a home office, or a cozy den. Nestled within the lush, botanical beauty of Optima, enjoy resort-style amenities: two outdoor pools, an indoor lap pool with spas, steam saunas, indoor basketball and racquetball courts, a putting green, pickle ball court, a cutting-edge fitness center, full-time concierge, and an on-site restaurant. Located just steps from renowned restaurants, luxury shopping, and outdoor adventures, this rare opportunity won't last. All of this is within walking distance to numerous acclaimed restaurants, luxury shopping destinations, and various outdoor activities.

9725 E Lompoc Avenue Mesa, AZ 85209

$699,000
4 Beds
3 Baths
3,409 SqFt
Status Active Under Contract
MLS # 6750116
Property Type Single Family Residence
Price Type --
Prime corner lot on golf course, home offers 4 bdrm/3ba/loft perfect for families/entertaining. Formal living/dining, fam room w/electric fireplace. Upstairs, master suite, master bath w/separate shower/tub, & walk-in closet. 2 bdrms upstairs & 1 bdrm downstairs. Private oasis backyard w/covered patio, hot tub, pool w/water fall ideal for relaxing/hosting gatherings. 3-car garage w/ample space to park plus storage. Access golf course through nearby passageway, perfect for sunset strolls/walking the dog. Community offers 5 parks including 4 play structures, 3 basketball courts, 3 sand volleyball courts & 9 ramadas. Excellent schools in the area, along w/nearby shopping, dining & quick freeway access. This home has it all for a growing family & those who love to entertain.

25555 N Windy Walk Drive Unit 54 Scottsdale, AZ 85255

$699,000
3 Beds
2.5 Baths
2,140 SqFt
Status Active Under Contract
MLS # 6743317
Property Type Townhouse
Price Type --
REDUCED,Did you ever want to live in Troon? Now is your chance at Skye Top, the most desirable, vibrant TH community. Two story wall of windows in great room. Charming entertaining patio. White cabinetry, granite counters, replaced AC, water heater. Community lagoon pool & spa w/ boulder waterfall & clubhouse w/ FP. Located in N. Scottsdale near golf, fine dining, & shopping. **** HOA fees include cable & internet.. Walk the neighborhood, meet friends of varied ages some with dogs. attend our clubhouse get togethers.

17518 E Bismark Lake Trail Rio Verde, AZ 85263

$699,000
2 Beds
2.5 Baths
1,679 SqFt
Status Active Under Contract
MLS # 6746487
Property Type Twin Home
Price Type --
Enjoy tranquility at it's best in the ''Resort Collection'' on a PREMIUM LOT with 180 DEGREE MOUNTAIN VIEWS under your extended paver patio & pergola with BUILT-IN BBQ ISLAND and FIREPIT! Enjoy cooking in your Gourmet Chef's Kitchen complete with GRANITE COUNTERTOPS & ISLAND, custom backsplash, STAINLESS STEEL APPLIANCES & HOOD, double ovens, hand blown glass pendants, & upgraded cabinets. Large primary suite with MOUNTAIN VIEWS, upgraded bathroom with custom walk-in tile shower, dual sinks, & GIANT WALK_IN CLOSET. Upgraded lights/fans/fixtures, PLANTATION SHUTTERS, & tile floors throughout. Spacious Den with CUSTOM BARN DOORS. The garage boasts EPOXY FLOORS & custom industrial grade cabinets. TANKLESS WATER HEATER, R/O System and Water Softener. Barely lived in-FEELS LIKE IT'S BRAND NEW Also including a lovely backyard w/a covered patio, attached pergola, a built-in BBQ, fire pit, and wonderful mountain views, this home is simply a dream come true! Act now before it's gone!

5345 E Mclellan Road Unit 91 Mesa, AZ 85205

$699,000
4 Beds
3 Baths
2,439 SqFt
Status Active Under Contract
MLS # 6752087
Property Type Single Family Residence
Price Type --
This beautiful home in the gated community of Alta Mesa Estates boasts pride of ownership, evident in its well-maintained condition. The furnished 4-bedroom, 3-bathroom, 3-car home features an updated kitchen with stainless steel appliances, a bright and airy family room with a fireplace, and a fenced pool with a heat pump installed in 2019. The backyard is a sight to behold, with mature landscaping, a putting green, covered patios, a built-in BBQ, and citrus trees. The formal dining area has a deck for enjoying sunrises and a front courtyard for sunsets. The home has been tastefully decorated with designer touches, including a barn door at the laundry room. The home faces north/south, & the block fence provides privacy and security.

19976 S Mesquite Drive Queen Creek, AZ 85142

$699,000
4 Beds
3 Baths
2,926 SqFt
Status Active Under Contract
MLS # 6756540
Property Type Single Family Residence
Price Type --
This expansive 4-bedroom, 3-bathroom home is located in a vibrant community, offering an incredible 2,926 sqft of living space. With a den, family room, great room, and bonus room, there's plenty of space for both relaxation and entertainment. The home's 9+ ceilings and dual pane windows create an airy, bright atmosphere throughout. The split primary bedroom includes a walk-in closet for added storage. The kitchen features quartz counters, double stack cabinets, a kitchen island, breakfast bar, and pantry. A sliding door in the living room opens to a lush, green turf and a low-maintenance yard with mature trees, perfect for outdoor enjoyment. Located on a huge lot, the home also benefits from community features like a playground and a sparkling community pool!

4923 N 205th Glen Buckeye, AZ 85396

$699,000
2 Beds
2.5 Baths
1,825 SqFt
Status Active Under Contract
MLS # 6756989
Property Type Single Family Residence
Price Type --
GOLF COURSE VIEW, MOUNTAIN VIEW, CITY LIGHTS, POOL, and COVERED PATIO!!! Got your attention now? Nestled in the tree-lined streets of Victory at Verrado (phase 2) is this beautiful 1,825 square foot Promenade floor plan. The cozy front porch is perfect for enjoying the peaceful surroundings or a morning coffee in the shade. Inside, you'll find wood-look tile flooring, and carpet in the bedrooms, adding a touch of elegance to each space. The kitchen features cooktop, double wall ovens, quartz counters, backsplash, and pendant lights. There are extra cabinets in the pantry/laundry room adjacent to the kitchen for ample storage. The light fixtures, sinks, faucets, & ceiling fans throughout the home create an upscale yet warm and inviting atmosphere.

1724 N 157th Drive Goodyear, AZ 85395

$699,000 - 4Br/3Ba -  for Sale in Palm Valley Phase 8 South Parcel, Goodyear
Open House
$699,000
4 Beds
2.5 Baths
2,830 SqFt
Status Active
MLS # 6761317
Property Type Single Family Residence
Price Type --
Situated in the rapidly growing area near City Square at GSQ in Goodyear, this exceptional 3-bedroom, 2.5-bathroom home offers both style and space, perfect for modern living and entertaining. A welcoming open floor plan includes a versatile den/office and a flex room, providing ample space for work or relaxation. The gourmet chef's kitchen is a true highlight, featuring elegant finishes like a pot filler, double ovens, built-in microwave, gas cooktop, and an expansive island with generous counter space, all complemented by a spacious pantry. Large sliding glass doors from the great room lead to an impressive outdoor retreat, where a heated pool, spa, built-in gas BBQ, and 4-hole putting green create an inviting atmosphere for year-round enjoyment. Set on one of the largest lots in the community, this property offers privacy and plenty of room for outdoor gatherings. The oversized primary bedroom serves as a luxurious escape, complete with an en-suite bathroom, an expansive walk-in closet, and direct access to the serene backyard. The secondary bedrooms share a Jack-and-Jill bathroom, while the nearby den provides flexibility for a home office or guest room. A well-appointed laundry room with added cabinetry and a sink enhances the home's functionality. Meticulously maintained, this home includes recent upgrades such as a new HVAC system installed in 2022, a water heater replaced in 2023, and fresh interior paint and upgraded carpet completed in 2024. The home also features surround sound throughout, ensuring a seamless entertainment experience both indoors and outdoors. A newly replaced drip irrigation system and low-maintenance landscaping make this property as practical as it is beautiful. With its close proximity to shopping, dining, and entertainment, this home effortlessly combines luxury, convenience, and modern design. Don't miss your chance to own this impressive home in one of Goodyear's most desirable locations.

4092 E Appaloosa Road Gilbert, AZ 85296

$699,000 - 5Br/3Ba -  for Sale in Warner Meadow, Gilbert
Open House
$699,000
5 Beds
3 Baths
1,951 SqFt
Status Active
MLS # 6778528
Property Type Single Family Residence
Price Type --
Welcome to your new home located in the beautiful community of Warner Meadows! This home has been barely lived in and is highly upgraded! Kitchen boasts bright white cabinets, quartz countertops, stainless steel appliances and pendant lighting. Large tile plank floors throughout the entire home, no carpets! Ceiling fans and window coverings in every room! Outdoor living is abundant in your professionally designed backyard complete with fire pit surrounded by custom seating, Pergola with lighting, faux grass, plush landscape and pavers. Arguably one of the best lots in the community. This North / South CORNER lot backs to common area for extra privacy. Warner Meadows has a stunning community center with heated play pool, BBQ's, entertaining areas, bathrooms, parks and walking paths.

7126 N Via Nueva -- Scottsdale, AZ 85258

$699,000 - 3Br/2Ba -  for Sale in Paseo Villas, Scottsdale
Open House
New
$699,000
3 Beds
2 Baths
1,753 SqFt
Status Active
MLS # 6783614
Property Type Townhouse
Price Type --
Nestled in a quaint community within McCormick Ranch, this charming, low-maintenance, single-level home has been thoughtfully renovated to offer modern comfort and timeless style. Walls were removed to create an inviting open floor plan, highlighting a kitchen with classic cabinetry, beautiful countertops, and stainless steel appliances, with a window over the sink overlooking an inviting patio. Featuring three bedrooms, including a flexible office space, and updated bathrooms, this home is designed for both functionality and relaxation. Enjoy outdoor living with two private patios and the convenience of a 2-car garage. Additional upgrades include a 2014 HVAC, a newer water heater, updated electrical panel, security system, and a new roof installed in 2019. The community offers low-maintenance living with amenities like a pool, walking paths, and easy access to McCormick Ranch's renowned trails, nearby golf, fine dining, and shopping. With close proximity to the Loop 101, this move-in-ready home captures the essence of Scottsdale living!

Leave a Reply

Your email address will not be published.