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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3784 E Wisteria Drive Chandler, AZ 85286

$690,000
3 Beds
2 Baths
2,106 SqFt
Status Active
MLS # 6747042
Property Type Single Family Residence
Price Type --
Step into a world of luxury with this better-than-new 3-bedroom, 2-bathroom masterpiece located in one of Chandler's most coveted neighborhoods. From the moment you enter, you'll be captivated by the modern elegance and thoughtful design that defines this home. The heart of this residence is its stunning kitchen, a true culinary haven. Adorned with custom cabinetry and polished granite countertops, this space is both a chef's dream and an entertainer's delight. The kitchen seamlessly flows into the expansive great room, where a sophisticated fireplace serves as the perfect focal point for cozy Arizona winter nights. Designed with privacy and comfort in mind, the split floor plan features a master suite that is nothing short of spectacular. Indulge in the spa-like master bathroom, complete with a spacious walk-in shower, a chic makeup vanity, and a walk-in closet that will leave you in awe. The beauty of this home extends to the outdoors, where a massive sliding door in the great room leads to your private oasis. Enjoy Arizona's beautiful weather in your pebbletec pool, surrounded by low-maintenance turf, making this backyard as functional as it is beautiful. This home also boasts a rare 3-car tandem garage, offering ample space for your vehicles, storage, or even a home gym. Whether you're looking for your forever home or a savvy investment, this Chandler gem seamlessly blends style, comfort, and practicality. Don't miss the opportunity to make this exceptional property your own!

16205 W Berkeley Road Goodyear, AZ 85395

$690,000
4 Beds
3 Baths
3,063 SqFt
Status Active
MLS # 6732622
Property Type Single Family Residence
Price Type --
Nestled in a tranquil neighborhood, this exquisite 4-bedroom, 3-bathroom property sits on a generous 9,100 sq ft lot. Enjoy ample space with large bedrooms and beautifully designed bathrooms. Whip up culinary delights in your spacious gourmet kitchen featuring double ovens, granite countertops, a gas cooktop, and a convenient kitchen island. Relax in the cozy family room or get some work done in the versatile office/den. Host gatherings in style with a charming courtyard and plenty of outdoor space for entertainment. Designed for maximum privacy and comfort, the split floor plan ensures everyone has their own space. This home combines comfort with functionality to meet all your needs.

8127 E Columbus Avenue Scottsdale, AZ 85251

$690,000
3 Beds
2 Baths
1,437 SqFt
Status Active
MLS # 6738892
Property Type Single Family Residence
Price Type --
Charming 3 bed, 2 bath with 1-car garage home in the heart of Downtown Scottsdale! This property features tile flooring and natural light throughout! Great kitchen with modern stainless steel appliances, granite countertops, and plenty of cabinet and countertop space! The main bedroom includes a private bathroom and a spacious closet! Large fenced backyard and covered patio that's great for entertaining!

14042 N 44th Street Phoenix, AZ 85032

$690,000
4 Beds
2 Baths
1,937 SqFt
Status Active
MLS # 6744174
Property Type Single Family Residence
Price Type --
Discover this 4-bedroom gem just 2 minuets from PV Reimagined, Costco, Target, and more. Step inside to find tile flooring throughout and a soothing color palette that creates a tranquil ambiance. Spacious living room flows seamlessly into the great room, highlighted by a stone-accented fireplace, perfect for cozy evenings. Kitchen is a chef's delight, equipped with stainless steel appliances, white cabinets, granite counters, and a peninsula with a breakfast bar. Retreat to the main bedroom, offering direct backyard access and a private bathroom with dual sinks and unique glass block shower walls. The expansive backyard is an oasis with a covered patio, play area, and a fenced-in pool, ideal for entertaining and relaxation. Make this stunning home yours today List of 44th st home updates or improvements: 2019 - Dishwasher and Hot water heater replaced 3/10/21 - Installed new American standard HVAC July 2023 - Installed new luxury vinyl flooring in all bedrooms 3/29/24 - Full roof and vent replacement 6/2/24 - Exterior painted

3080 E Desert Broom Place Chandler, AZ 85286

$690,000
4 Beds
2.5 Baths
2,258 SqFt
Status Active
MLS # 6744951
Property Type Single Family Residence
Price Type --
This gorgeous SINGLE LEVEL DeLeon floorplan home in desirable Layton Lakes. It features 4 large bedrooms, open den, 2.5 baths, 10ft ceilings, kitchen island, and 3 car garage on a culdesac lot. Stunning plank tile flooring-everywhere except the bedrooms. Gourmet kitchen with high-end expresso cabinets with 42'' uppers, upgraded granite counters in kitchen, stainless Frigidaire appliances including gas range! Speaker prewires in great rm and primary bedroom including the back patio! Swim spa and artificial turf in back. Great Chandler location in spectacular Layton Lakes with tennis courts, splash pad, walking trails, acres of parks!

7769 Emily Way Flagstaff, AZ 86004

$690,000
3 Beds
2 Baths
2,053 SqFt
Status Active
MLS # 6746120
Property Type Single Family Residence
Price Type --
MILLION DOLLAR UNOBSTRUCTED VIEWS! Welcome to this sprawling 2.5 acre lot featuring animal facilities, raised garden beds, and more! This property has been meticulously cared for and boasts new exterior and interior paint. The 4-car garage is perfect for a workshop or car enthusiasts alike. The home features 3 bedroom and TWO bonus rooms. The living space offers large windows that frame the San Francisco Peaks. Doney Park is known for its expansive landscapes, this area offers a unique blend of country living with proximity to the amenities of Flagstaff. Residents here. enjoy stunning views of the San Francisco Peaks, access to outdoor activities like hiking, biking, and horseback riding.

3651 E Donato Drive Gilbert, AZ 85298

$690,000
6 Beds
5 Baths
3,575 SqFt
Status Active
MLS # 6751629
Property Type Single Family Residence
Price Type --
A spacious 6-bedroom, 5-bath home with 10' flat ceilings is located on a quiet street near Bridges Elementary School. This two-story residence offers a perfect blend of style and comfort. The main floor includes a guest suite with a private bath, another bedroom and bath, a formal dining room, and a gourmet kitchen featuring granite countertops, an island, and a large pantry. The bright family room with high ceilings opens to a low-maintenance backyard with a covered patio. Upstairs, the master suite features a walk-in closet, dual sinks, and a soaking tub. Four additional bedrooms, including two with a Jack and Jill bath, along with a loft and laundry room, complete the upper level. Ample storage, a built-in desk area, and a well-designed layout make this home move-in ready!

14052 N 58th Street Scottsdale, AZ 85254

$690,000
3 Beds
2 Baths
1,408 SqFt
Status Active
MLS # 6760918
Property Type Single Family Residence
Price Type --
MOTIVATED seller offers this recently updated and customized home on an oversized lot backing and siding to maintained washes. Interior of home is light and bright with an open kitchen with large breakfast bar that opens to a great rm floorplan. Granite counters in kitchen and baths, tons of recessed lighting, solar tubes and plank flooring thru-out. Outside offers classy wrap around covered patios with auto shades plus a separate patio with private hot tub! An amazing cooled and heated 345 sq ft 3rd car garage or workshop w/casita potential is accessible thru a breezeway to main house. Rv gate w/electric opener for your toys plus two customized storage sheds. See document section for more update/upgrade information. No expense spared evident throughout this special home!

4741 N Scottsdale Road Scottsdale, AZ 85251

$690,000
1 Bed
1 Bath
2,790 SqFt
Status Active
MLS # 6772432
Property Type Apartment
Price Type --
An AMAZING opportunity for first floor executive living in Safari Condominiums. Building G ground floor - This is the only unit that has not been built out. Previously zoned for commercial space, it has just been re-zoned for residential use! Here's that perfect space to create your dream 1, 2 or 3 bedroom home with the perfect shell of tall ceilings, concrete, floors, glass and steel construction. This condo has 2 designated parking spaces with EV outlets at both. Safari has all kinds of amenities to enjoy including two pools, fitness center, BBQs, fire pits, and more. You can have all this and it's just steps from the canal, bike paths Fashion Square, award winning restaurants, art galleries and all the Old Town Scottsdale has to offer.

41319 N River Bend Road Phoenix, AZ 85086

$690,000
3 Beds
3 Baths
2,038 SqFt
Status Active
MLS # 6778560
Property Type Single Family Residence
Price Type --
Welcome to your dream retreat in the Anthem Country Club! This stunning home features breathtaking mountain & golf course views from every window, making it a true desert oasis. With the HVAC in both the main house and guest casita replaced in 2022, this property offers comfort & efficiency year-round.The spacious, well-appointed kitchen is perfect for preparing meals or hosting gatherings, with an open-concept design that flows seamlessly into the living area, highlighting the serene backyard views.Step outside and enjoy dining al fresco while taking in magnificent sunsets, and relax by the cozy beehive gas fireplace. The detached casita provides a private space for guests, enhancing the home's versatility and charm. Don't miss this opportunity to live the country club lifestyle.

2911 E Cortez Street Phoenix, AZ 85028

$690,000
3 Beds
2 Baths
1,912 SqFt
Status Active
MLS # 6778217
Property Type Single Family Residence
Price Type --
Nestled in the heart of North Phoenix's ''Sheaborhood,'' this beautifully remodeled home is full of upgrades, including a brand-new Trane HVAC unit and kitchen appliances. Ideally located near the Phoenix Mountain Preserve and the revitalized Paradise Valley Mall, this 3-bedroom, 2-bathroom gem offers 1,912 sq. ft. of living space plus a 200 sq. ft. flex room. Inside, a spacious open floor plan invites daily relaxation and easy entertaining. The kitchen features modern finishes, while the large backyard boasts a covered patio perfect for unwinding or hosting gatherings. Each room is bathed in natural light, with ample space to enhance comfort and style. Additional amenities include a new HVAC unit and an EV hookup in the garage.

4072 E Yucca Street Phoenix, AZ 85028

$690,000
3 Beds
2 Baths
1,912 SqFt
Status Active Under Contract
MLS # 6753091
Property Type Single Family Residence
Price Type --
Beautiful single level home nestled on quiet street in coveted Phoenix location. Charming curb appeal greets you upon arrival at this meticulously maintained property that rests on a prime oversized lot. Stroll through private courtyard into inviting entry of this light & bright residence that features gorgeous LVP flooring and fresh carpeting throughout. Kitchen boasts granite counters, newer cabinetry, and SS appliances. Sensible floor plan with formal dining space, game room/den, & great room with slider that opens to exterior for easy indoor/outdoor lifestyle. Low maintenance backyard is an entertainers dream with covered patio & sparkling pebble tec pool. Longtime owners have made all the updates including newer dual pane windows & a whole home water filtration system. Prime location surrounded by shopping, dining, golf, and the upscale PV Mall redevelopment project. Steps to Cholla Cove Park and easy freeway access. Additional upgrades/bonuses include 2 car garage, all new irrigation, RV gate, shed, and fresh interior/exterior paint. A true gem of a property waiting for new owner!

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