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

2210 E Everett Drive Phoenix, AZ 85022

$695,000

4 Beds

3 Baths

2,451 SqFt

Status Active

MLS # 6765491

Property Type Single Family Residence

Price Type --

Welcome home to this charming two-story home completely remodeled. As you walk into this 4-bedroom, 2.75 bathroom you immediately see the beautiful new flooring, windows, freshly painted walls, and fixtures. The first floor features a kitchen updated with new cabinets, countertops, stainless steel appliances, white backsplash and tons of natural light. There is two bedrooms, a master ensuite completely remodeled with a shower and a fully updated guest bath downstairs. Up the remolded staircase leads you to a master suite with bathroom dreams are made of. A brand-new vanity, a separate shower and soaking tub, a large walk-in closet and balcony overlooking your backyard. The backyard has a patio with fans, leading you out to your large diving pool and spa both heated for year-round use.

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20618 W Elliot Road Buckeye, AZ 85326

$695,000

4 Beds

3 Baths

2,368 SqFt

Status Active

MLS # 6767371

Property Type Single Family Residence

Price Type --

Be excited to see this newly built single-level residence in Buckeye with 2x6 construction! Step inside to discover the allure of the captivating open floor plan enhanced with 10ft plus ceilings and soothing paint tones complemented by wood-style flooring. The impeccable kitchen is outfitted with sleek stainless steel appliances, quartz counters, recessed and chic light fixtures, a plethora of white cabinetry with crown molding, and a sizable island with a breakfast bar. This gem provides well-appointed bedrooms, including two main retreats with plush carpeting, pristine ensuites, and walk-in closets. The home's elegance extends outdoors to the vast backyard with a covered patio, excellent for relaxation. The property is equipped with AC units that are upgraded to Trane Units. Very close to the proposed Goodyear's master planned community of Estrella, highway I-10, schools, shopping center, and the Goodyear Airport. It has lots of potential.

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8216 E Del Cuarzo Drive Scottsdale, AZ 85258

$695,000

2 Beds

2 Baths

1,737 SqFt

Status Active

MLS # 6776952

Property Type Single Family Residence

Price Type --

OPPORTUNITY KNOCKS!! Your chance to remodel this 1 level home w/ a 2 car garage in the heart of highly desired McCormick Ranch. Enjoy the signature green lush grass/mature tree look that defines the very essence of beautiful McCormick Ranch! This 2 bedroom/2 bath 1 level patio home features a spacious great room that opens to lovely dining room & bright, light & airy kitchen w/ nook. Additionally, the great room opens to a lovely private back patio for incredible AZ outdoor living! Spacious primary bedroom also opens to the private back patio for additional access to your lovely private outdoor living space! There is a 2nd bedroom w/ a bathroom (that serves as the powder room too). Heritage Village 3 enclave features tennis courts, 2 swimming pools & lots of green grassy common areas!

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650 E Silver Creek Road Gilbert, AZ 85296

$695,000

3 Beds

2 Baths

2,012 SqFt

Status Active

MLS # 6782090

Property Type Single Family Residence

Price Type --

WOW! A BEAUTIFULLY remodeled home near the COVETED downtown Gilbert Food & Entertainment District is waiting for you! *Every inch of this OPEN & BRIGHT single level has been UPDATED w/ tasteful, trend forward finishes including the GOURMET kitchen & LUXURIOUS baths. *The SPLIT floor plan is super functional & includes a 2-way fireplace separating the great room from the living room adding CHARM & WARMTH. *The RESORT-style backyard has a REFRESHING, newer 2020 lap pool & a SPORTY putting green for those golf enthusiasts. *This home is PERFECT for entertaining or gathering family members from the COZY front porch to the INVITING back patio & everywhere in between. *Hurry! This TURN-KEY, low maintenance property in the Gilbert School Dist is nestled under a NEWER roof (2023) and won't last!

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1113 W Wagner Drive Gilbert, AZ 85233

$695,000

3 Beds

2 Baths

2,043 SqFt

Status Active

MLS # 6782308

Property Type Single Family Residence

Price Type --

Tons of CHARACTER and love awaits you as you arrive at this beautiful home! Located on one of the largest lots in the entire subdivision - 1/3 acre!! Indoor/outdoor living abounds with multiple sitting areas to enjoy the backyard and pool! So many special features make this a truly perfect entertainers dream home!! This home almost feels like you are living in a trendy Arcadia-like home, but with all the suburban living conveniences and conveniently located in the Islands in Gilbert! Vaulted ceilings! Many updates and upgrades throughout! There is a casita that is currently being used as an exercise room, but it would also make an excellent office or kids special playhouse, and plenty of room to expand it in size (add bed/bath/kit etc). Open concept throughout! Located on a quite cul-de-sac. Updated bathrooms, kitchen, pool, roof, flooring, casita and more! 9 impressive palm trees add to the character of this home! Huge backyard and side yards. Plenty of room to expand the casita and more! There are plenty of track homes, but this home is Unique on many levels and once it's gone there isn't anything even close!! Don't miss this RARE Opportunity!! More photos and information will be uploaded in the upcoming days!

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5742 N 18th Place Phoenix, AZ 85016

$695,000

3 Beds

2 Baths

1,440 SqFt

Status Active Under Contract

MLS # 6782020

Property Type Single Family Residence

Price Type --

Welcome to this lovely, move-in ready 1,440 square foot red brick home nestled in one of the most desirable neighborhoods in Central Phoenix. With 3 spacious bedrooms and 2 beautifully appointed bathrooms, this home has been thoughtfully updated and impeccably maintained. The kitchen shines with modern upgrades, perfect for meal prep and entertaining, while the hall bath has also been stylishly refreshed and expanded. The exterior boasts a well-kept yard surrounded by lush privacy hedges to the west that provide substantial shade, offering a peaceful outdoor retreat. The backyard also has a large back patio and separate garden area with a large covered sitting area. A 150 square foot (not included in listing square footage) fully functional game room/office space with a large loft sits next to the backyard garden area. It provides extra space for and office, game room, she-shed, or guest quarters, adding both convenience and versatility. Don't miss this gem, come see today!

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1406 E Ellis Drive Tempe, AZ 85282

$695,000

4 Beds

3 Baths

2,301 SqFt

Status Active Under Contract

MLS # 6754437

Property Type Single Family Residence

Price Type --

The property features a versatile mother-in-law suite or attached rental unit, ideal for extended family or generating rental income. This separate kitchenette living space includes a zero entry shower, w/d hookups. Indulge in relaxation with a luxurious private outdoor soaking tub and dual shower area, offering a serene escape right in your own backyard, The outdoor kitchen and bar provides an ideal setting for entertaining. Year round gatherings are comfortable under the covered patio outfitted with a high pressure misting system. Enjoy the Big Game from 3 large screen TVs, or have quiet conversations in front of the fireplace.

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1502 E Hermosa Drive Tempe, AZ 85282

New

$695,000

4 Beds

3.5 Baths

2,356 SqFt

Status Active

MLS # 6783161

Property Type Single Family Residence

Price Type --

**Seller is very motivated and willing to provide buyer with Seller Concessions** Upgrades have been made only 3 years ago including entryway doors, kitchen with 2 pantries and quartz countertops, new tile, new carpet, windows, water softener, updated baths with quartz in the master bathroom. The living area includes a built-in office desk space. New above ground Spa was added in 2019 with a brand new 2024 cover. RV gate in the backyard and enough space for a storage shed, ramada BBQ area, or your dream backyard. Seller is willing to provide Buyer with Seller concessions!

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310 S 4th Street Unit 1905 Phoenix, AZ 85004

$695,000

2 Beds

2.5 Baths

1,435 SqFt

Status Active

MLS # 6706728

Property Type Apartment

Price Type --

Location is everything and this unit has perfect city views as well as amazing sun set views. Great location in the city as it's nestled between the Phoenix Suns and AZ Diamondbacks venues. Restaurants, easy light rail access, theatre's and symphony's are all around. Popular Open Floor plan. This unit was recently completely remodeled with high end finishes. Murphy bed at Guest/Office room. Lift parking space allows for two vehicles. This unit also has an extra large balcony. Located on the 19th floor of this 23 floor building, it's really one of a kind. 24 Hour Lobby Security/Attendant. Fitness Center, Outdoor pool and hot tub overlooks Diamondback stadium. Don't let this one get away.

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29825 W Bellview Street Buckeye, AZ 85396

$695,000

4 Beds

2 Baths

2,841 SqFt

Status Active

MLS # 6716717

Property Type Single Family Residence

Price Type --

Welcome to a Brand-New Home 2023 on a little over an acre. This home has a split 4 bedroom 2 bathroom with a 3 car extended garage. Large open concept living area featuring countless upgrades such as 9' ceilings, extra large kitchen island with quartz counter tops and backsplash. LED Lighting and tile floors throughout the entire house. Primary bedroom has a spa-like bathroom with a seamless walk-in shower, water closet, walk-in closet, dual sinks. Shared well with one neighbor. This one is a must see! 2x6 Constructions with foam sprayed in walls and roof. 400 amps service, plenty of power for an RV garage/casita. 50 amp outlet in garage for your electric vehicle. Not your average new built. We have the Occupancy Cert in hand!! Ready to move!

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6850 S Birdie Way Gilbert, AZ 85298

$695,000

3 Beds

2 Baths

2,361 SqFt

Status Active

MLS # 6717020

Property Type Single Family Residence

Price Type --

Don't miss out on this fabulous Seville Country Club home . Single level, 3 bedrooms plus Den, 2 bathrooms, 2 car garage, and single car garage. Resort-style backyard with plenty of space to entertain including spa, built in BBQ and firepit. This prime golf course lot offers beautiful views of the pristine course. Granite countertops and matching stainless appliances. Outside of home freshly painted. Much more to see.

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1140 W Lakeridge Drive Gilbert, AZ 85233

$695,000

3 Beds

2 Baths

2,241 SqFt

Status Active

MLS # 6766368

Property Type Single Family Residence

Price Type --

Coveted Gilbert location in ''The Islands,'' these homes do not come available often, so take a look quickly!! This corner home has a beautifully landscaped front yard & private, perfectly sized backyard w/pretty pebble tec play pool. Covered patio is large enough for a table, BBQ & chaise lounges. This home lives large w/incredible vaulted ceilings t/o the front formal living & dining room as well as the centrally located great room. Plentiful beautiful oak cabinets are keepers or paint them as you desire. New tasteful granite--refrigerator, ovens & dishwasher are near new. Kitchen island & window above the sink w/a view to the yard & pool. Master bedroom/bath is HUGE & the closet amazing. Two spacious secondary bedrooms to suit your needs. Lg laundry room w/cabinets. Click ''more 3 car garage has a double & single door. Room for a work bench. Newer water heater & whole home water system. You can't go wrong with this home. Come see it, take a drive through the beautiful lake community & admire the many nearby amenities. Awarded school system, neighborhood eateries & shopping abound. Enjoy this superior location close to everything Valley of the Sun. Ease of highway transportation & convenient location to both Sky Harbor & Mesa Gateway airports.

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