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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34327 N Sandpiper Trail San Tan Valley, AZ 85144

$694,161
3 Beds
2.5 Baths
2,553 SqFt
Status Active
MLS # 6726633
Property Type Single Family Residence
Price Type --
Welcome to this gorgeous home in Emblem at Oro Ridge boasting a well thought out great room floorplan, and a 3 car tandem garage with service door! The gourmet chefs kitchen is stunning with quartz countertops, a waterfall kitchen island with a breakfast bar, Urban Coffee Cabinets, stainless steel appliances, and a pantry. The primary suite is spacious with a lavish ensuite featuring a dual sink vanity, walk-in shower, and a walk-in closet. Bedrooms 2 and 3 are spacious! Plus a den! The backyard is huge!

6608 N Cima Vista Drive Casa Grande, AZ 85194

$694,000
3 Beds
2.5 Baths
2,393 SqFt
Status Active
MLS # 6710519
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This exquisite 3 bedroom, with a versatile den, 2.5-bathroom residence offers 2,393 square feet of luxurious living space, situated on a sprawling 1-acre lot with no rear neighbors. The stunning natural surroundings offer unparalleled desert, mountain, and sunset vistas, creating a serene and picturesque backdrop for your new home. The interior features a spacious great room that flows seamlessly into a gourmet kitchen, making it perfect for entertaining. The kitchen boasts upgraded stainless steel appliances, granite countertops, 42-inch soft-close cabinets, a walk-in pantry, an island with breakfast bar seating, and elegant pendant lighting. The private owner's retreat serves as a tranquil escape, featuring a large en-suite bathroom with a dual sink vanity, an oversized walk-in tiled shower, and a generous walk-in closet. Additional bedrooms and a den provide ample space for family, guests, or a home office, with luxury vinyl plank flooring in all bedrooms, plus ceiling fans throughout. This home also includes a massive 47x15 ft RV garage, an additional 2-car tandem garage, and a 1-car garage, complete with an RV clean-out located right outside the RV garage. Tons of natural light flood the home, highlighting the upgraded lighting fixtures, door hardware, and the brand new Polywood Plantation Shutters installed throughout. Tile plank flooring in the common areas and stylish 2-tone paint enhance the modern convenience and aesthetic appeal. The exterior of this property is just as impressive, with its expansive 1-acre lot providing privacy and space for outdoor activities. A small section of the backyard is fenced in with Vinyl fencing, plus enjoy the covered patio with ceiling fans installed to help keep you cool! This home is the perfect blend of modern luxury and natural beauty. Please do not show up to the property unannounced!

3009 E Hemberg Drive Flagstaff, AZ 86004

$694,000
3 Beds
2.5 Baths
2,223 SqFt
Status Active
MLS # 6693899
Property Type Single Family Residence
Price Type --
Nestled amidst the breathtaking landscapes of Flagstaff, Arizona, in the esteemed Swiss Manor neighborhood, this enchanting property offers a harmonious blend of natural beauty and living. Situated near the majestic mountains, this residence boasts a prime location for outdoor enthusiasts and nature lovers alike. Step inside this spacious abode to discover a thoughtfully designed layout featuring three bedrooms plus a den, providing ample space for relaxation and productivity. With two bathrooms, including one ensuite, convenience is paramount in this mountain retreat. Ascending through the three stories of this home, you'll find yourself immersed in a world of comfort and style. With five interior levels, each offering its own unique ambiance and purpose, there's no shortage of space for living, entertaining, and unwinding. Whether you're enjoying the panoramic views from the topmost level or cozying up by the fireplace in the family room, every corner of this home exudes warmth and tranquility. Embrace the allure of mountain living while still enjoying the convenience of amenities and easy access to Flagstaff's vibrant community. With its captivating surroundings and versatile living spaces, this property offers the perfect opportunity to embrace the Flagstaff lifestyle and create cherished memories for years to come. Don't miss your chance to make this mountain retreat your own slice of paradise.

26119 S 196th Street Queen Creek, AZ 85142

$694,000
3 Beds
2 Baths
1,571 SqFt
Status Active
MLS # 6738050
Property Type Single Family Residence
Price Type --
Discover your dream equine retreat in the heart of Queen Creek! This charming country farmhouse is nestled on 1.2 flat acres of premium horse property, offering breathtaking views of the majestic San Tan Mountains. Situated on a County Island with no HOA, this home is designed with horse enthusiasts in mind. The property features three shaded stalls, an expansive grooming and tack area, and a nearly new tack shed, ensuring all your equestrian needs are met. Enjoy the generous turnout and riding area, complete with a 50-foot round pen that's perfect for training and exercise. The inviting farmhouse has recently undergone thoughtful renovations, including fresh paint, new vinyl flooring, contemporary baseboards, a stylish breakfast bar, and new blinds throughout the home. The guest bathroom has also been beautifully remodeled, adding to the home's charm and functionality. This property is truly a haven for horse loversbring your horses, your toys, and make this picturesque home your own! Located just minutes from Horseshoe Park & Equestrian Center, miles of picturesque riding trails, and an abundance of shopping and dining options, you'll have everything you need right at your fingertips. Don't miss this exceptional opportunity to own a slice of equestrian paradise, where country living meets city convenience!

501 W Surrey Avenue Phoenix, AZ 85029

$694,000
4 Beds
2 Baths
2,581 SqFt
Status Active
MLS # 6755688
Property Type Single Family Residence
Price Type --
NEWLY REDUCED!! Don't miss this beautifully remodeled gem! Nestled in the highly sought-after Moon Valley neighborhood on a large spacious 0.23-acre corner lot, this 4-br, 2-bath home is updated with no detail overlooked. A split floor plan, 3 large bedrooms and a large primary suite with a relaxing ensuite bath features a separate shower and sunken tub. This home has been lovingly cared for and immaculately maintained, showcasing modern upgrades while preserving its charm. The expansive backyard provides endless opportunities for outdoor entertainment, relaxation, or even adding a future pool. A large covered patio offers plenty of shade and the perfect spot to enjoy breathtaking views of North Mountain. Enjoy easy access to hiking trails. Close to elementary, middle and high schools.

5444 E Crescent Avenue Mesa, AZ 85206

$694,000
4 Beds
2.5 Baths
3,032 SqFt
Status Active
MLS # 6767756
Property Type Single Family Residence
Price Type --
Your dream home is within reach! Discover this beautiful 4-bed 2.5 bath home with a Pool, RV parking and, No HOA! Be greeted by a beautiful spacious courtyard w/skylights & exposed beams! Inside, you'll find a formal dining & a living room w/beehive fireplace & beamed ceiling. Continue into the open AZ room w/dual French doors & the lovely family room overlooking the kitchen. Delightful kitchen has ample cabinetry, a tile backsplash, SS appliances, & a pantry. The versatile den is ideal for an office or craft room ! The main bedroom offers access to its own patio area, a walk-in closet, & an ensuite w/two vanities. Entertainer's backyard boasts covered patio w/Ramada extended, built-in BBQ w/wet bar, refreshing pool, outdoor shower, & garden area, garage has built in workbench. Must see!

2035 E Kael Circle Mesa, AZ 85213

$693,799
5 Beds
2 Baths
3,012 SqFt
Status Active
MLS # 6771229
Property Type Single Family Residence
Price Type --
Fantastic 5-bed, 2-bath home sits on a cul-de-sac! Great curb appeal with brick accent details, 2-car garage, paver front patio & pathway, and a mature landscape w/lush lawn & shade trees. The inviting interior features tons of natural light, layered crown molding, designer paint, and tasteful flooring - wood & soft carpet. You'll love the seamless flow between the living & dining areas, along with a cozy family room featuring a brick fireplace! The kitchen has SS appliances, ample wood cabinetry, & a peninsula w/breakfast bar. The main bedroom is on the main level, offering a full bathroom w/dual sinks. PLUS! This gem has a cozy den downstairs & a bonus room upstairs. Enjoy the entertainer's backyard with a grassy area, covered patio, storage shed, & a fenced private pool! Move-in ready!

23104 E Carriage Way Queen Creek, AZ 85142

$693,796
5 Beds
4 Baths
2,659 SqFt
Status Active
MLS # 6707568
Property Type Single Family Residence
Price Type --
JUST REDUCED!! FANTASTIC GREAT ROOM LOFT PLAN WITH MAIN BEDROOM DOWN, 5-BEDROOM, BEAUTIFUL FINISHES! SPA SHOWER IN MASTER, UPGRADED PAINTED TAUPE CABINETS, QUARTZ KITCHEN TOPS,, TILE BACKSPLASH,, GOURMET KITCHEN LAYOUT, UPGRADED VANITIES IN BATHS,, LVP FLOORING EVERYWHERE, EXCEPT BEDROOMS AND LOFT. ALL THIS, IN THE NEW PREMIER MASTER PLAN COMMUNITY, IN QUEEN CREEK, FEATURING A 22 ACRE LAKE. THIS IS THE CENTERPIECE OF THE COMMUNITY. KAYAKING AND CANOEING, AQUATIC CENTER WITH LAP AND SPORT POOL SPLASH PAD, BOCCE BALL, PICKLE BALL, BOARDWALKS AND RAMADAS THROUGHOUT AND MUCH MORE.. THE HOME INCULDES 2'' FAUX WOOD BLINDS, CEILING FANS, TANKLESS WATER HEATER+++ KATHERINE MECHAM BARNEY SCHOOL IN THE COMMUNITY.

25912 N 22nd Lane Phoenix, AZ 85085

$692,990 - 3Br/3Ba -  for Sale in Union Park Iii, Phoenix
New
$692,990
3 Beds
2.5 Baths
2,567 SqFt
Status Active
MLS # 6784115
Property Type Single Family Residence
Price Type --
Welcome to this beautifully designed Alta plan, offering 2,567 square feet of luxurious living space. With its charming farmhouse exterior elevation and inviting covered entry paved with elegant pavers, this home is designed for both style and comfort. The heart of this home is the stunning kitchen, featuring stainless steel Whirlpool appliances, including an under-cabinet hood, built-in gas cooktop with five burners, and a built-in wall oven and microwave with a sleek trim kit. This turnkey home also comes complete with a washer, dryer, and refrigerator. The kitchen is a chef's dream with silvery grey painted shaker cabinetry, accented by stylish stainless steel bar pull cabinet hardware. The 42'' upper cabinets and 3'' crown molding perfectly complement the matching cabinetry on the kitchen island. Enjoy the beauty of Della Terra Pilar countertops, adorned with delicate veining, and a contemporary AZ Tile Flash White 3x12 backsplash. The large single basin stainless steel sink, paired with a Moen Align spot resistant stainless kitchen faucet, adds both functionality and style. Retreat to the luxurious bathrooms featuring white cultured marble countertops with rectangular sinks and Moen Gibson brushed nickel 8 widespread faucets. Upgraded Meridian brushed nickel vanity lights illuminate your space. The Dal Tile Hill House 6x36 Natural wood look tile flows seamlessly throughout the downstairs and into bath 2 and the laundry room upstairs. The primary bathroom showcases exquisite AZ Tile Reverie Deco 8x8 tile, providing a spa-like experience. Upstairs, a tasteful paint grade mission stair rail enhance the home's chairs and is complimented by plush Shaw Kennfield carpet in the shade Ecru adds warmth and comfort, all trimmed with upgraded 4 ¼ baseboards. Throughout, the 8' interior doors adorned with Milan Lever satin nickel hardware throughout, adding a touch of sophistication. The side yard is perfect for entertaining, featuring a convenient gas stub for a BBQ, making outdoor gatherings a breeze. This home also includes a soft water loop for added convenience. Union Park offers Tree-lines streets, pedestrian-friendly sidewalks and 5,500 sq ft recreation center with resort style pool and kiddie pool, shared ramadas, parks, gathering areas, pickleball courts and basketball. Close to I-10 and 303. Walking distance to restaurants, movies, entertainment, and shopping.

7689 W Tether Trail Peoria, AZ 85383

$692,990
3 Beds
2.5 Baths
2,197 SqFt
Status Active
MLS # 6707350
Property Type Single Family Residence
Price Type --
Welcome to Ashton Woods newest community in Peoria -The Sanctuary at Aloravita. This 2,197 Ruby floorplan features a Spanish style elevation and includes 3 bedrooms, 2.5 baths, a den plus 4-car super garage. The impressive kitchen island is perfect for family and friends to gather as it opens to the home's great room for easy entertaining. The kitchen includes stainless steel appliances with a gas cooktop, large undermount sink, under cabinet hood, beautiful stained shaker style cabinets with crown molding, Carrara Breeze quartz countertops, and large pantry. The great room offers a 4 panel center sliding glass door so you can step out into your covered patio to enjoy indoor/outdoor living in your backyard with friends and family. Other features include, 8' interior doors, 6x36 wood plank style floor tile, upgraded carpet/pad, a soft-water loop, and much more! For the car enthusiasts out there, this home includes 4-car super garage. Great location close to dining, freeways, parks, and

7228 E Crimson Sky Trail Scottsdale, AZ 85266

$692,500
2 Beds
2 Baths
1,734 SqFt
Status Active
MLS # 6752863
Property Type Townhouse
Price Type --
GORGEOUS FURNISHED VILLA IN WINFIELD RESORT COMMUNITY available turn key, furniture, kitchenware, linens. This 2 bedroom + office/den Moondance floor plan features great room living, expansive kitchen that opens to the great room w/ a gas fireplace. The kitchen has newer appliances and a breakfast bar. The back patio has incredible VIEWS to Black Mountain, an elevated patio, canterra stone water fountain, fireplace, bar- b-que, mature desert landscape and saltillo tile. Inside you will find a warm and cozy SouthWest design, an office/den that can work as a temporary third bedroom w/ a pull out couch. Winfield offers resort style Clubhouse w/ community heated pool, therapy spa, 8 tennis courts (2 clay), pickleball courts, fitness center, hiking & biking trails, and many social programs.

15416 W Valentine Street Surprise, AZ 85379

$692,401
4 Beds
3.5 Baths
3,523 SqFt
Status Active
MLS # 6768034
Property Type Single Family Residence
Price Type --
Welcome to Marley Park! This desirable subdivision is well known for its amenities and sense of community. This absolutely gorgeous and well taken care of 3500+ sq ft home is one of the largest if not the largest single story home around. Home sits on a premium lot adjacent to Discovery park. Unique split floor plan is great for families, featuring a complete guest suite in front of the home and a secluded office in the master suite. Beautifully appointed kitchen featuring granite countertops, travertine backsplash, staggered cabinets, island with breakfast bar, and newer stainless steel appliances. Long list of features including: AC units 1 year old - 3 car tandem garage - Extended paver patio - Built in fire pit with seating area - Tuff shed - upgraded lighting and plumbing fixtures - newer interior paint - artificial turf in the front and back yard. Huge master suite with dual vanities, walk in shower, garden tub with attached office. If you are looking for a great place to raise a family, this home and community offers just that. Come visit today.

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