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

2423 W Mineral Road Phoenix, AZ 85041

$682,000
4 Beds
3 Baths
3,589 SqFt
Status Active
MLS # 6781682
Property Type Single Family Residence
Price Type --
Beautiful home in a gated community with views for day. Large 4 bedroom 3 bathroom home with an awesome bonus/theater room. Soaring ceilings in this stunning 3,589 sq foot home. Great layout with multiple living rooms and tons of space. Large open kitchen with granite countertops and tons of storage space. North/South facing home with amazing views of South Mountain from the backyard and upstairs balcony. Good sized yard with a pool make entertaining a breeze. Amazing opportunity to own a beautiful home in a gated community.

142 E Hearne Way Gilbert, AZ 85234

$682,000
3 Beds
2.5 Baths
2,097 SqFt
Status Active
MLS # 6759899
Property Type Townhouse
Price Type --
Welcome to your new urban retreat at Aspire Heritage District in the vibrant heart of downtown Gilbert. This exceptional townhouse features high-end designer finishes and unparalleled style. Just a short block from Gilbert's bustling strip, you'll enjoy premier dining, entertainment, art, shopping, and a weekly farmer's market right at your doorstep. Step inside to discover an open-concept living space that's perfect for both relaxing and entertaining. With 3 spacious bedrooms and 2.5 bathrooms, this home is designed for effortless living. Modern home tech is at your fingertips with automated window shades and mood-setting lights that adjust from bright daylight to a warm, cozy ambiance. The whole-house water filtration and reverse osmosis systems ensure every sip of water is clean and pure, while being gentle on your skin and hair. The interior showcases modern bohemian charm with designer details such as a striking feature wall in the great room and a dining room plant wall that adds a touch of organic sophistication. Enjoy soaring 10-foot ceilings, large-scale tile flooring, a gourmet kitchen with top-of-the-line appliances, custom cabinetry, sleek quartz counters, 7 baseboards, and stylish interior doors. The bathrooms feature floating vanities and custom tile showers, enhancing the home's luxurious appeal. The primary suite is a personal sanctuary with a step-out balcony and both a walk-in and full-length closet providing ample storage. Modern barn doors lead to your en suite, where you'll find a double floating vanity and a spa-like Euro shower that feels like a luxury hotel. Solar tubes fill the upstairs with natural light without added heat, and ultra-soft Alaskan Air carpet adds comfort and warmth. Community amenities include a pool with a covered lounging area, pet area, BBQ and picnic table, and a fire pit. This townhouse is more than just a home, it offers an exceptional lifestyle.

2527 W Josselyn Drive Flagstaff, AZ 86001

$682,000
4 Beds
3 Baths
2,280 SqFt
Status Active
MLS # 6776261
Property Type Townhouse
Price Type --
Totally loaded townhome with all the right upgrades & designer touches to make this home a real star. The main floor living room features a floor-to-ceiling tile gas fireplace & loads of windows. Gourmet island kitchen with executive height seating, charcoal cabinets & quartz counters. Upstairs is a large bonus room, & the primary bedroom features a designer-touched en-suite, a walk-in closet & private deck for enjoying the mountain views. This home has three more bedrooms & 2 full baths, so there is room for everyone. Standout upgrades: AC, 6'' baseboards, 9' designer black doors, tile floors, custom blinds, soaking tub, gas line for BBQ in the rear private patio, upgraded lighting fixtures, heated toilet seats, and all stainless appliances.

18065 W Wolf Street Goodyear, AZ 85395

$682,000 - 4Br/3Ba -  for Sale in Sedella Parcel 2b, Goodyear
Open House
$682,000
4 Beds
2.5 Baths
2,343 SqFt
Status Active
MLS # 6776765
Property Type Single Family Residence
Price Type --
Discover this practically new residence nestled on oversized corner lot, offering unparalleled upgrades. Modern Open Floor Plan to embrace contemporary living. Stylish touches & conveniences that make everyday life a breeze. Stunning kitchen features oversized island, ideal for meal prep & social gatherings.Seamless Indoor/Outdoor Living to your backyard oasis including NEW California Salt pool & Baja step. Relax on the massive travertine deck enjoying the lush turf—all with minimal upkeep! Dine alfresco in the inviting patio space soaking in the breathtaking vistas of the White Tank Mountains. 3rd car space & 12ft gate for RV/boat, providing ample room & flexibility for your active lifestyle. This exceptional home combines modern luxury with the peace of mind of gated community living! UPGRADES & FEATURES: -Front yard white marble rock with double river stream -3rd car driveway paved 12x37 in front of gate -Garage floor epoxy flooring + side walls of foundation, installed by V.I.P smart storage -Garage cabinets - floor to ceiling with a built in workbench with built in peg board and V.I.P smart storage installation -Hanging roof rack 8x4 V.I.P smart storage, Wall shelves around perimeter of garage -Lift master garage opener upgrade at time of home purchase -Upgraded to a 12 ft RV gate -16x51 reinforced RV slab concrete behind RV gate -50 AMP plug in for RV -Inner exterior brick wall perimeter painted -White sensor spotlights perimeter of home -90% U.V reflective black window screens with upgraded strength cross bars by Desert sunscreens -Upgraded heavy duty slider with the fixed panel -Backyard premium white rock landscape fabric under all rock areas -Custom pendant color matched light poles perimeter of backyard -Top of the line synthetic grass 108oz/face weight, travertine border surrounding grass -California pools saltwater pool with baja step and travertine deck -Custom pool pump cage color matched -2 extra water spouts in backyard -Travertine back patio -Premium interior eggshell whole house one color paint, in garage semi gloss white -3 brand new whirlpool Memoirs toilets - Premium new dishwasher -New premium whirlpool fridge -New Allen Roth 30inch vanity with sink in laundry room -Upgraded Dual wall cabinets in laundry room -Upgraded white gourmet kitchen -Highest exterior elevation

21672 E Roundup Way Queen Creek, AZ 85142

$681,995
4 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6720899
Property Type Single Family Residence
Price Type --
This Pomona plan is on a generous sized lot with a South facing front in central Queen Creek. The smart floorplan is a 4 bedroom, 3 full bath, 3 car garage with 8' tall garage doors. Interior finishes include 10' ceilings, Gourmet Kitchen appliances with a gas cooktop and a 36'' vent hood, HUGE shower with a rain shower head in the Primary Bathroom, expansive sliding glass door system from the Great Room to the large covered patio, and much more! Awesome location close to Queen Creek Marketplace, the brand new Costco and Fry's, and all that Queen Creek has to offer.

3640 W Summerside Road Laveen, AZ 85339

$681,438
3 Beds
2.5 Baths
2,346 SqFt
Status Active
MLS # 6709054
Property Type Single Family Residence
Price Type --
Newly built 3 bedroom, 2.5 bathroom home in Whispering Hill's Ridge community. Single story living with an executive kitchen featuring double ovens and Della Terra Quartz Arabescato Como countertops. Designer features throughout. Benton white painted cabinets, upgraded paint in Snowbound, upgraded tile and carpet, a multi-slider in the great room, and an extended outdoor living space and primary suite. Other highlights in the home are a frameless walk-in shower, a shower at the secondary bath, and raised vanity heights at all bathrooms. The home has an attached 3-car garage with a service door. The exterior of the home includes a 8' double gate, pavers at the outdoor living space, and a gas line in the backyard. Located near South Mountain.

18215 E Paria Canyon Drive Rio Verde, AZ 85263

$680,808
2 Beds
2 Baths
1,945 SqFt
Status Active
MLS # 6759511
Property Type Single Family Residence
Price Type --
Welcome to this beautiful home in Trilogy at Verde River an amenity-rich guarded gate community! The Nice floorplan offers 2 bedrooms, 2 bathrooms, a den with French doors, and beautiful upgrades throughout. Enjoy the upgraded central Vacuum system, expanded dining room, and the huge laundry room with a desk and upper and lower cabinetry. The kitchen is stunning with Glisten quartz countertops ,tile backsplash, and high end stainless steel appliances. The primary suite has a lavish ensuite and walk-in closet. Do not miss out! The amenities at Verde River are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickleball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails.

21298 E Sparrow Drive Queen Creek, AZ 85142

$680,523
4 Beds
3.5 Baths
3,062 SqFt
Status Active
MLS # 6753921
Property Type Single Family Residence
Price Type --
Welcome to this STUNNING home in Ascent at Jorde Farms with over $100k in upgrades! Step inside to discover the expanded GOURMET kitchen, featuring designer cabinets, quartz countertops + Whirlpool stainless steel appliances. The open-concept great room is ideal for entertaining. Head up the staircase with its designer railing to the spacious loft! The private primary bedroom offers an ensuite bath + a BIG walk-in closet. This home includes 3 bedrooms, 3 full baths, a half bath, a flex room, and a loft, with upgraded paint, flooring, and more! Located in the inviting Ascent at Jorde Farms community, future amenities include a pool, walking paths, and parks. Plus, enjoy nearby dining and shopping. Welcome home!

3131 N Central Avenue Unit 3015 Phoenix, AZ 85012

$680,517
2 Beds
2 Baths
1,363 SqFt
Status Active
MLS # 6622404
Property Type Apartment
Price Type --
*Construction Completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom plus den condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

22652 E Lords Way Queen Creek, AZ 85142

$680,000 - 3Br/3Ba -  for Sale in Madera Phase 2a, Queen Creek
Open House
New
$680,000
3 Beds
2.5 Baths
2,699 SqFt
Status Active
MLS # 6779355
Property Type Single Family Residence
Price Type --
Welcome to this Stunning 2023 Built, 3 Bedroom + 2 Bonus Rooms, 2.5 Bath, 2699 Sqft Gem in Queen Creek!! You will fall in love with the cottage style exterior featuring a paver driveway, classic French gray and white exterior paint, stack stone accents and a cozy front porch! Step inside and you will be greeted with light wood look tile flooring throughout the main living areas, 8 foot doors, recessed lighting and upgraded black door hardware! The two secondary bedrooms with a Jack and Jill bathroom are well appointed to the left of the entry! The first bonus room is perfect for an office, teen room or game room and a secondary formal dining room is situated to the left. The gorgeous kitchen and great room boast white upper and lower cabinets with a buffet extension into the dining nook, show stopping granite countertops, classic creamy white subway tile backsplash, stainless steel Kitchen Aid appliances, built in oven and microwave, a 5 burner gas cooktop with stainless steel hood vent, oversized kitchen island with breakfast bar, a white farmhouse apron sink, pre wire for pendant lights and surround sound, large walk in pantry and a wall of sliding doors allowing an abundance of natural light. The primary suite presents two separate vanities with white cabinets and granite countertops, a relaxing deep soaking garden tub, enlarged walk-in shower with glass doors, water closet, linen closet and a large walk-in closet with a pass through to the laundry room! The backyard features a covered patio with recessed lighting and ceiling fan prewire, grass with a paver border, an orange and lemon tree, gated dog run with pea gravel, multi zoned irrigation system with drips and bistro lighting perfect to enjoy our Arizona winter weather. A water softener, whole house water treatment system and tank less water heater finish this stunning property!!

1860 W Buckhorn Trail Phoenix, AZ 85085

$680,000
3 Beds
2.5 Baths
2,180 SqFt
Status Active
MLS # 6749064
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the highly desirable Fireside at Norterra community in North Phoenix! This stunning residence features soaring ceilings in the main living area, 3 bedrooms, 2.5 baths, a versatile den/office/playroom,& a spacious loft. The luxurious primary suite includes dual walk-in closets & a spa-like bathroom w/dual sinks & a walk-in shower. The well-appointed kitchen boasts espresso cabinets, granite countertops, a large island, a gas stove, & a walk-in pantry. Enjoy North/South exposure w/ expansive land behind for added privacy .Recent updates include a new AC unit (Dec 2023), fresh paint including garage, & new carpet & tile throughout .Outside, artificial turf & pavers finish the backyard, & the home was painted 2 years ago. The large laundry room comes w/ a tub sink, & the washer, dryer, & refrigerator are included. The community offers a heated play pool, splash pool, fitness center, basketball & tennis courts, & nearby hiking trails in the Sonoran Preserve. Don't miss out on this ultimate blend of comfort and convenience!

17923 N Catalina Court Surprise, AZ 85374

$680,000
2 Beds
2 Baths
2,035 SqFt
Status Active
MLS # 6761004
Property Type Single Family Residence
Price Type --
Arizona Living at Its Finest! Discover this beautifully refreshed Verbena Model, offering 2 spacious bedrooms, 2 updated baths, and a large den—perfect for a home office or additional living space. Situated on an expansive lot in a quiet cul-de-sac, this home is designed for both relaxation and entertainment. The secluded backyard oasis includes a private swimming pool, an extended patio with a new gas BBQ, and a cozy gas fire pit, perfect for outdoor gatherings under the Arizona sky. Inside, you'll find new carpet in both bedrooms and plantation shutters, adding style and comfort. The primary bedroom offers a peaceful retreat with an updated bathroom for modern living.Enjoy the convenience of easy access from the garage directly into the kitchen, making grocery trips a a breeze. Updated gas furnace, air handler, and hot water tank, ensuring your home is both efficient and low-maintenance. Golf lovers will appreciate the prime location near Granite Falls North's 3rd Hole and Granite Falls South's 7th Hole. Don't miss your chance to own this fantastic Arizona property!

Leave a Reply

Your email address will not be published.