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

8512 W Behrend Drive Peoria, AZ 85382

$695,000
2 Beds
2.5 Baths
2,203 SqFt
Status Active
MLS # 6757573
Property Type Single Family Residence
Price Type --
This stunning home is located in Westbrook Village, one of Arizona's most premier adult communities. Enjoy the sprawling floor plan w/ room to spread out, entertain & enjoy easy living. You'll appreciate all this home has to offer w/ vaulted ceilings, natural light, plantation shutters throughout and a gourmet kitchen featuring double ovens, gas cooktop, huge island and plenty of cabinet space. Cozy up in the Family & living room w/ a 2 way gas fireplace. The main bedroom offers a large walk-in closet, double sinks and beautiful shower. 3 car garage has expansive storage with built-in cabinets. Relax in your resort-style backyard w/ built in BBQ and ample outdoor living space. Thoughtfully upgraded in 2019 including water softener and tankless water heater, 2 stage 15 seer ac unit in 2024 Westbrook Village offers a wealth of amenities! 2 championship golf courses, driving range, club houses & restaurants. There is never a lack of activities with their 87 clubs. Enjoy billiards*bocce ball*horseshoes*dance*aerobics/yoga*crafts/hobby rooms*pickleball*tennis*RV parking*pools*fitness facility*ballroom and so much more! This home is the perfect combination of luxury and comfort. Come and see it and do not miss the opportunity to make this gorgeous home yours!

18187 E Via Jardin -- Gold Canyon, AZ 85118

$695,000
4 Beds
3 Baths
3,243 SqFt
Status Active
MLS # 6757344
Property Type Single Family Residence
Price Type --
This beautifully remodeled home is a true gem, featuring nearly two years of thoughtful updates throughout. The open kitchen shines with granite countertops, a large pantry, updated lighting, and hidden pop-up outlets that add both convenience and style. All bathrooms have been modernized with fresh shiplap, new countertops, and sleek fixtures, while the primary bathroom offers a luxurious escape with its tiled walk-in shower and clawfoot tub. Additional updates includes all new flooring, plantation shutters throughout and a high-end roll-down shade on the sliding door for extra elegance and functionality, full interior paint, crown molding, baseboards, and a fresh exterior paint job in August 2024. Step outside to a transformed backyard, complete with a... heated salt water pool, spa, gas fireplace, and a fully equipped outdoor kitchenperfect for entertaining. Located on a desirable corner lot with gorgeous views and extra privacy, plus a 3-car garage, this home is the total package!

10488 W Nosean Road Peoria, AZ 85383

$695,000
4 Beds
3 Baths
2,860 SqFt
Status Active
MLS # 6763141
Property Type Single Family Residence
Price Type --
This home features approximately 2,860 square feet of living space with four bedrooms, three full bathrooms, and two split family rooms. The interior features durable and easy-to-maintain hard-surface flooring throughout, and a bright, open kitchen with lots of counterspace and storage. The split master bedroom boasts his and hers walk-in closets, a luxurious bathroom, and direct access to the oversized laundry room. All major appliances are included! Outside, enjoy a large backyard with lush green grass, low-maintenance desert plants, and a generously-sized, paver patio. Two garages for three total cars both have direct access into the home. The solar panels are OWNED and paid-off; the school district is A- rated, and the location is close to shopping, great dining, and the 303 freeway.

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.

1274 W Windhaven Avenue Gilbert, AZ 85233

$695,000
4 Beds
2 Baths
2,518 SqFt
Status Active
MLS # 6770512
Property Type Single Family Residence
Price Type --
Welcome to the Estates at North Shore! Prime Gilbert location, 5 min to DownTown Gilbert and freeway access. Upgraded single level house, over 2,500/sf with a 3 Car Garage. Beautiful kitchen cabinets, oversized island with granite countertops and stainless appliances (all included!). Open and bright popular floorplan. High-end hardwood flooring throughout. New interior/exterior paint, upgraded fixtures and shutters. Full 3 Car epoxy coated garage. Oversized backyard with extended patio. Shows pride of ownership. Turn key opportunity, must see in person to appreciate!

7301 E 3rd Avenue Unit 201 Scottsdale, AZ 85251

$695,000
2 Beds
2 Baths
1,303 SqFt
Status Active
MLS # 6771839
Property Type Apartment
Price Type --
Light and bright loft style condo with huge windows overlooking pool plus private outdoor balcony. Gorgeous wood floors, two large bedrooms on separate sides of the unit with large walk in closets and two updated bathrooms! Updated Kitchen opens to family room making this 1303 square feet seem like 2000 +! The 3rd Avenue Loft building is just steps from everything in Old Town Scottsdale! Walk to shops, museums and dining! Two assigned parking spots in the gated garage and a concierge daily on site to buzz guests/deliveries in through lobby door. Extra large assigned storage space in basement. One of the BEST locations in Old Town Scottsdale! Can be sold furnished on separate bill of sale! Hurry! Ideal floor plan and view!

2643 N 162nd Lane Goodyear, AZ 85395

$695,000
3 Beds
2 Baths
2,962 SqFt
Status Active Under Contract
MLS # 6708410
Property Type Single Family Residence
Price Type --
Stunning 3-Bedroom Home on the golf course in PebbleCreek. Welcome to your dream home located in the prestigious PebbleCreek community! This exquisite 3-bedroom, 2-bath residence is perfectly situated on a prime golf course lot, offering breathtaking views and an unparalleled lifestyle. Spacious Bedrooms: Enjoy the comfort of three generously sized bedrooms, including a luxurious master suite with a walk-in closet and a private en-suite bathroom featuring dual vanities and a spa-like shower. Outdoor Kitchen perfect for entertaining, overlooking the 18th fairway. Amenities, include championship golf courses, pools, fitness centers, and a vibrant social scene and 36 pickleball courts! This home has just been repainted with neutral colors, all brand new kitchen appliances and new grill on the outdoor kitchen.

22462 E Marsh Road Queen Creek, AZ 85142

$695,000
5 Beds
4 Baths
2,923 SqFt
Status Active Under Contract
MLS # 6709373
Property Type Single Family Residence
Price Type --
MOTIVATED Seller! Meticulously designed interior showcases wood-look tile flooring, stylish light fixtures/ceiling fans, & a bright den that can be used for work/play. Open-concept kitchen boasts a plethora of white cabinetry with crown molding, a huge walk-in pantry, glossy granite counters, and a large kitchen island to gather around. Cozy loft is ideal for a reading nook! Venture to the main retreat equipped with plush carpet, an ensuite with two vanities, & a walk-in closet. 2nd primary bedroom has a bathroom for convenience. Discover a tranquil backyard sanctuary adorned with a secluded pool and a fire pit offering an enchanting retreat for relaxation and rejuvenation A covered patio, pergola with a fire pit, artificial turf, and a sparkling pool complete this paradise. Don't let this amazing deal escape!

2102 N 7th Avenue Phoenix, AZ 85007

$695,000
4 Beds
3 Baths
2,820 SqFt
Status Active Under Contract
MLS # 6740598
Property Type Single Family Residence
Price Type --
INSTANT $80K IN EQUITY WHEN YOU PURCHASE AT LIST!!!! Beautiful Historic Home in the Encanto Historic District. This 1941 Home is on the National Historic Registrar. Open floor plan 4BD+Den 3BA on a large lot. *One bedroom is en suite w/possible kitchenette & has separate entrance! Perfect Casita for AirBnB or generational living! Wood & tile flooring throughout, original crown molding, resort-style backyard w/pergola, fire pit, pool, grass area & enclosed patio perfect for enjoying the outdoors w/friends! 2-car garage off alley for easy access. Walking distance to Encanto Park & Golf Course, Roosevelt Arts District, ASU Downtown campus, Chase Field, light rail & world-class dining & entertainment! Sky Harbor Airport & multiple freeways are all minutes away from your new home. Won't Last

10260 E White Feather Lane Unit 2059 Scottsdale, AZ 85262

$695,000
2 Beds
2 Baths
1,646 SqFt
Status Active Under Contract
MLS # 6744706
Property Type Townhouse
Price Type --
GOLF COURSE, DESERT FLORA & FAUNA and ICONIC PINNACLE PEAK IN THE DISTANCE...ALL FROM THIS SECOND FLOOR TOWNHOME'S BALCONY! You've worked hard...now it's time to start relaxing and enjoying all that AZ golf course living has to offer! Savor a morning cup of coffee in your kitchen nook overlooking the 9th green of Troon North's top-ranked Monument course. Then it's time to hit the links, relax at the neighborhood pool, or get in a workout at the gym or on the pickleball courts. The evening is for cocktails with friends on your spacious second floor balcony with the sites and sounds of an Arizona nightfall as your backdrop. This move-in-ready, maintenance-free townhome will make every day feel like a vacation. Let's take a look at your new AZ home. Step into the cool-toned entry and take in this open-concept, entertaining-friendly floor plan. The welcoming family/dining area features bright windows, large sliders and a corner fireplace for ambience and cool nights. The kitchen offers stainless appliances, granite countertops and ample storage. Down the hall on the right, you'll find the den/office, set off by French doors, and two spacious bedrooms, each with a walk-in closet. There are two full bathrooms; the primary en-suite draws you in with a spa-like soaking tub, glass and tile shower and double sinks. Situated conveniently close to the bedrooms, is the laundry room with a spacious storage closet for your golf clubs and shoes, pickleball racquets and any other sporting goods you'll need. Finally, check out the two-car side by side epoxy coated garage with more storage. And, to keep your new space comfortable in every AZ season - a brand new HVAC system installed in January 2024. Start living your dream in this fantastic townhome at The Ridge at Troon North!

11888 W Nadine Way Peoria, AZ 85383

$695,000
4 Beds
3 Baths
2,422 SqFt
Status Active
MLS # 6780268
Property Type Single Family Residence
Price Type --
Discover the perfect blend of luxury and functionality in this upgraded 4-bedroom, 3-bath home nestled in a sought-after gated community in beautiful Vistancia. With 2,422 sq. ft. of living space, this home features a pool, pristine hard-surface flooring, a 3-car air-conditioned garage with a car charger, RV gate, and insulated attic. A butler's pantry, water softener, reverse osmosis, putting green, and included major appliances add even more to love. Priced to sell, this home is a rare gem offering tremendous value and modern amenities. Come see it for yourself before it's gone!

7524 E Wildcat Drive Gold Canyon, AZ 85118

$695,000 - 2Br/2Ba -  for Sale in Mountainbrook Village, Gold Canyon
Open House
$695,000
2 Beds
2 Baths
1,857 SqFt
Status Active
MLS # 6750505
Property Type Single Family Residence
Price Type --
BEAUTIFUL mountain views from your private back yard! Enjoy relaxing in your quiet oasis with wildlife and the peaceful comfort of this lovely setting. PLUS: A THREE-CAR GARAGE, an extra-large laundry room, a home office with built-ins, lots of storage in the laundry room and garage. This is a special home, located in one of the most desirable areas of Mountainbrook Village. The Mountainbrook Village adult community has it all: Pickleball, pools, an exercise facility, a community center, as well as countless resident activities! Don't miss this opportunity to enjoy this private sanctuary of a home.

Leave a Reply

Your email address will not be published.