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

22342 W Hilton Avenue Buckeye, AZ 85326

$685,000

3 Beds

2 Baths

1,790 SqFt

Status Active

MLS # 6734151

Property Type Single Family Residence

Price Type --

Beautiful 3 bedroom 2 bath custom home on a spacious acre lot with mountain views. NO HOA! Detached workshop with two 10'x 14' garage doors and plenty of indoor storage, covered RV parking with a 30 amp outlet, detached 4 car covered carport, livestock pen with shavings pit and much more. Private pool, natural desert landscaping front and back with mature trees and artificial grass. Living room with masonry fireplace, dining room, and an eat in kitchen. Newer A/C unit. RV gates front and back of home. Conveniently located just minutes from the I-10. Very quite neighborhood just minutes from all amenities. A very rare find in the west valley.

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1801 Artists Draw -- Heber, AZ 85928

$685,000

3 Beds

2 Baths

1,436 SqFt

Status Active

MLS # 6745905

Property Type Single Family Residence

Price Type --

Nestled in the heart of Heber in the Rim Country, this charming 1,436 SqFt home with great room & family room offers a blend of comfort and rustic allure, ideal for those seeking both tranquility and adventure. Set on a sprawling 2.32-acre lot, this 3 BR/, 2 BA home is a rare gem that borders the national forest, providing endless opportunities for outdoor enthusiasts. The property is a horse lover's dream, featuring a well-equipped 3-stall barn complete with a tack room, as well as water and power connections. The barn boasts large turnouts, ensuring your horses have ample space to move and graze. The large round pen is perfect for training or simply enjoying time with your horses. For those with a need for space, the property includes two garages, and the entire property is fenced.

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19039 N 264th Avenue Buckeye, AZ 85396

$685,000

3 Beds

2.5 Baths

2,738 SqFt

Status Active

MLS # 6749130

Property Type Single Family Residence

Price Type --

LIGHTLY LIVED IN VOYAGE W/3 BEDS, 2.5 BATHS 2.5 CAR GARAGE. Gorgeous large landscaped corner lot on the mountain side of Festival. Upgrades include Plantation shutters, custom designed entertainment center with fireplace, designer touches on the kitchen island and in the cafe area. Great Room Surround Sound. Fenced yard with extended Travertine Patio, Fire Pit and seating. Look in the documents tab above for more detail. This is a nearly new home and priced well below cost to build.

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657 S Buenagua Road Payson, AZ 85541

$685,000

3 Beds

2.5 Baths

1,335 SqFt

Status Active

MLS # 6752167

Property Type Single Family Residence

Price Type --

Enjoy cabin life in the desirable Kohls Ranch community with this furnished cabin with a large loft and fireplace! Separate entrance on the first level opens to a studio cabin apartment with one bedroom and bathroom that can be used as guest quarters and/or extra rental income possibilities. The 2nd level main cabin provides a full bedroom, walk-in closet, 1.5 bathrooms, laundry room and a LOFT with additional beds currently used as a 3rd bedroom. Double lot has fruit trees (cherry, peach, and apple), a child treehouse, deck, shed, and a private ''quad road'' to drive to the deck and main cabin level from main road. Come see this cherished cabin and envision the memories you can make for yourself.

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2199 E Gillcrest Road Gilbert, AZ 85298

$685,000

5 Beds

3.5 Baths

3,512 SqFt

Status Active

MLS # 6764188

Property Type Single Family Residence

Price Type --

Seller may consider buyer concessions if made in an offer. Welcome to your dream home! The interior boaWelcome to your dream home! The interior boasts a neutral color paint scheme that enhances the natural light. The primary bedroom is a true retreat, complete with a walk-in closet. The primary bathroom is a spa-like oasis featuring a separate tub and shower, as well as double sinks. The kitchen is a chef's delight, equipped with all stainless steel appliances, a kitchen island, and a walk-in pantry. The fenced-in backyard is perfect for private gatherings, complemented by a covered patio for your outdoor enjoyment. This property is a must-see!

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15682 W Jenan Drive Surprise, AZ 85379

$685,000

6 Beds

3.5 Baths

4,035 SqFt

Status Active

MLS # 6767379

Property Type Single Family Residence

Price Type --

PRIME SURPRISE LOCATION! Greer Ranch Home situated on Large Premium Cul-de-sac lot!! Greenbelt to North & East of property with view fence! Near Neighborhood Park & common area. Home features 5 bedrooms, den, 3.5 bath, huge upstairs loft, great room (living/dining), family room, large kitchen, den (which can be used as an office or bedroom), huge master bedroom and bath room w/ two WI closets, two tone paint, tile & wood laminate, carpet in bedrooms. RV gate, covered patio, 3 car tandem garage. This home is ideally located just minutes away from shopping, schools, churches, dining and entertainment, with easy access to Loop 303 for convenient commuting. Don't miss the opportunity to own this exceptional property!

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5764 E Leonora Street Mesa, AZ 85215

$685,000

2 Beds

2 Baths

1,940 SqFt

Status Active

MLS # 6769037

Property Type Single Family Residence

Price Type --

Very spacious 2 master bedroom 2 baths on the 3rd hole of Apache Wells CC golf course. Great room style. Large kitchen with pullout shelving. Large island with storage on both sides. Breakfast bar, wet bar with small refrigerator. 2 sliders out onto covered patio with a gas grill. Owner owned commercial solar panels - According to SRP the last year high is $130 low $20. Over sized 2 car garage plus golf cart garage. Bring your buyers to see this great home.

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12380 W Palo Brea Lane Peoria, AZ 85383

$685,000

4 Beds

2.5 Baths

2,476 SqFt

Status Active

MLS # 6776625

Property Type Single Family Residence

Price Type --

This gorgeous 4-bedroom home with a 4-car garage with owned solar! Meticulously-designed interior showcases wood flooring, thick baseboards, chic light fixtures, fire sprinklers, and a formal living room. Perfect for entertaining, the spacious great room features pre-wired surround sound for an enhanced experience. Open-concept kitchen offers abundant cabinetry topped with crown moulding, built-in appliances, a convenient pantry, granite counters, and a prep island with a breakfast bar. Large & bright primary retreat awaits, complete with plush carpet and an ensuite comprised of dual sinks, soaking tub, and a walk-in closet. Serene backyard promises endless fun under the sun, boasting a covered patio, grassy area, and a refreshing pool. This gem will sell fast! Hurry

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7567 W Andrea Drive Peoria, AZ 85383

$685,000

4 Beds

2.5 Baths

2,726 SqFt

Status Active

MLS # 6781699

Property Type Single Family Residence

Price Type --

Renovated & updated top to bottom. Luxury plank flooring, fresh paint, all new hardware! Kitchen (and bathrooms) have Granite counters, new stainless steel appliances. Open floorplan. High end washer, dryer, fridge included! Master & secondary bedrooms are HUGE-all have walk-in closets! Master bath has walk-in shower! Backyard is a resort! Heated pool & spa! Luscious bushes & trees provide total privacy. Patio has Deluxe travertine pavers, relaxing fire pit & lots of shade. Air conditioners regularly inspected & maintained & working great. Water heater drained yearly. Quiet GATED neighborhood with tons of walking areas, parks & green space. RV gate for parking toys! Lots of storage. North Peoria, the hidden gem of Phoenix, is close to TSMC, shopping, Lake Pleasant, hiking and more.

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16802 N 49th Way Scottsdale, AZ 85254

New

$685,000

4 Beds

2 Baths

1,717 SqFt

Status Active

MLS # 6783939

Property Type Single Family Residence

Price Type --

Impeccable home with outstanding location! Come see this beautiful GATED, 4 bedroom and 2 bathroom home that upgraded throughout. Offering a remodeled kitchen and bathrooms, new flooring & baseboards, new paint, new water heater and a new Trane HVAC unit, all while having a low maintenance TURF backyard. Upgrades also include hot water heater, water softener and garage door and motor. This home provides a tremendous opportunity to get into the 85254 zip code.

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9068 N Cox Road Casa Grande, AZ 85194

New

$685,000

3 Beds

2 Baths

1,600 SqFt

Status Active

MLS # 6782730

Property Type Single Family Residence

Price Type --

Take a look as this incredible home on 5 acres in Casa Grande's foothills, and it includes a shop to make any hobbyist or craftsperson smile. Offering 3 bedrooms, 2 bathrooms, and an oversized garage that gives you the room you need for any vehicle you own. The main bedroom has a walk-in closet, as well as a walk-in closet off of the second bedroom. Which also boasts beautiful mountain views. The third bedroom has an exceptionally large walk-in vault and is split from the other 2 bedrooms. The kitchen, living room, and dining area flow together seamlessly, and the laundry room has its own sink and cabinet. The oversized garage also has a separate entry. Leading to the 2400 sq ft shop with 3 rollup doors, and 17 quadruple elec. outlets. both home and shop are nicely insulated. Rare find!

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3741 N Paseo Del Sol -- Mesa, AZ 85207

$685,000

4 Beds

2 Baths

1,821 SqFt

Status Active Under Contract

MLS # 6773620

Property Type Single Family Residence

Price Type --

Amazing golf course lot in the highly sought after community of Las Sendas! This Acacia floor plan features 4 bedrooms/2 upgraded baths, open concept kitchen/family room, updated light fixtures, new SS appliances, custom stone media wall with lighted wood shelving. Upon entering the home, you will find newer wood look-like tile, 5'' baseboards, and crown molding. Interior has neutral paint throughout and bedrooms have newer plush carpet. This home is located on a premium golf course lot by 17th tee box with beautiful desert landscaping & plenty of privacy! The backyard features a putting green, kiva fireplace perfect for nightly entertaining, built-in BBQ, and view deck with stunning east facing mountain views. Park all your vehicles or golf cart in the spacious 3-car garage with epoxy flooring and built-in cabinetry. Minutes away from Saguaro Lake, Salt River and Tonto National Forest. Las Sendas features two community pools, spas, splash pad, multiple parks, tennis, pickleball, and bocce ball courts, walking/biking paths & groups/clubs for everyone!

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