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

25549 N 21st Avenue Phoenix, AZ 85085

$679,995

3 Beds

2.5 Baths

2,472 SqFt

Status Active

MLS # 6756349

Property Type Single Family Residence

Price Type --

Welcome to this stunning and meticulously designed home, where modern elegance and comfort meet in perfect harmony! With over 2472 sq. ft. of well-appointed living space, this residence offers a seamless blend of contemporary style and functional living. Situated in the desirable neighborhood of Norterra. The gourmet kitchen is a chef's dream and has endless design options, including top-of-the-line stainless steel appliances, custom cabinetry, and exquisite countertops. Whether you're hosting a dinner party or enjoying a quiet family meal, this kitchen will inspire your culinary creativity. Step outside to the Community Union Park at Norterra. (Heated Pool, Tennis, Pickle ball & Basketball Courts. Banquet Room Ping Pong, Fire Pit and Grand Fireplace seating. See doc tab for upgrades.

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42131 N Golden Trail San Tan Valley, AZ 85140

$679,990

4 Beds

3 Baths

2,513 SqFt

Status Active

MLS # 6768779

Property Type Single Family Residence

Price Type --

Estimated Completion November 2024 -- Welcome to Edgewood Estates, where luxury and practicality come together seamlessly! Enter through the grand foyer into a spacious great room, highlighted by a stunning wall of windows—perfect for entertaining or cozy family moments. The chef's kitchen is a true delight, featuring beautiful cabinetry, a large island for meal prep or casual dining, and premium finishes throughout. The private primary suite offers a tranquil retreat, complete with a spa-like bathroom and a spacious walk-in closet. This home also includes an Extra Suite Plus, designed for multi-generational living or providing guests with comfort and privacy. Homes have been significantly discounted and have the option of short/long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

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42169 N Golden Trail San Tan Valley, AZ 85140

$679,990

4 Beds

3.5 Baths

2,744 SqFt

Status Active

MLS # 6781091

Property Type Single Family Residence

Price Type --

Ready for Quick Move-in before the Holidays!!! Welcome to Edgewood Estates near Queen Creek commuter routes, shopping and dining. Experience Farmhouse Charm with Designer Details in this Stunning Home! The kitchen is a chef's delight, featuring Quill-stained Birch cabinets accented with floating shelves, Carrara Morro quartz countertops, and an expansive island, perfect for gatherings. The airy great room and dining area showcase a vaulted ceiling and a 12' multi-slide door, offering seamless indoor-outdoor living. Retreat to the primary suite, where luxury meets relaxation with a double vanity and a soaking tub, creating a spa-like atmosphere. Additional spaces include a home office, a media room and activity area between the secondary bedrooms. Plan you visit today! ~~Homes have been significantly discounted and have the option of short/long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.~~

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23058 E Lords Way Queen Creek, AZ 85142

New

$679,990

4 Beds

3 Baths

2,649 SqFt

Status Active

MLS # 6784400

Property Type Single Family Residence

Price Type --

Brand new phase!. Our Trillium plan features it's own guest suite with private entrance and is conveniently located to all that Queen Creek has to offer. Minutes from the brand new Costco, Schnepf Farms, Queen Creek Market Place and the Queen Creek Olive Mill.

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5825 E Ringtail Way Phoenix, AZ 85054

Open House

$679,990

3 Beds

2.5 Baths

2,120 SqFt

Status Active

MLS # 6781936

Property Type Townhouse

Price Type --

Get ready to fall in love with this chef's kiss of a home in Desert Ridge! Just minutes from the 101 and next to High Street, this gated-community gem has it all: heated pool, gym, lounge area, even a yoga lawn for that ''totally relaxed'' vibe. Sitting pretty on a corner lot, this 2,120-square-foot beauty has 3 bedrooms, 2.5 bathrooms, a loft, and a den for all your ''I'll start that hobby someday'' dreams. Think white cabinets, quartz countertops, wood-look tile, and 9-foot ceilings that say, ''I'm fancy but fun.'' With some next-level smart features, this home's practically living in 2030. Homes are selling like hotcakes, so hurry up before someone else grabs your future!

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5832 E Rose Garden Lane Phoenix, AZ 85054

Open House

$679,990

3 Beds

2.5 Baths

2,120 SqFt

Status Active

MLS # 6725412

Property Type Townhouse

Price Type --

IGNORE DAYS ON MARKET HOMES ARE ALMOST DONE PICTURES COMING SOON! ONCE UPON ON A TIME in a bustling new community in the middle of Desert Ridge, there was a beautiful home on a corner with only one neighbor directly next to you. As we pan out, we see the 101, City North and Desert Ridge Market Place minutes away from this gorgeous home... WAIT A MINUTE!! THIS HOME IS AVAILABLE RIGHT NOW!! This new home is a fresh new build that is estimated to be completed at the end of September. Are you worried about your home missing out on the latest trends? Not to worry as the interior consists of quartz countertops, white cabinets and wood-like flooring. Make your dream home your reality and buy today! Actual Pictures coming soon!

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5819 E Rose Garden Lane Phoenix, AZ 85054

Open House

$679,990

3 Beds

2.5 Baths

2,120 SqFt

Status Active

MLS # 6757051

Property Type Townhouse

Price Type --

IGNORE DAYS ON MARKET! The home you have all been waiting for is now ready for move in!... THE BEAUTIFUL RENO FLOORPLAN IN TALINN AT DESERT RIDGE!! Hurry quick this floorplan does not last long. 3 bedrooms, 2.5 bathrooms, DEN AND LOFT this home is spacious and beautiful. The interior is very modern with wood-like tile and quartz countertops. We are in a premium location here being right next to Desert Ridge and City North, the 101 is minutes away which gives you instant access to the rest of Phoenix.

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8722 W Denton Lane Glendale, AZ 85305

$679,990

5 Beds

4 Baths

2,700 SqFt

Status Active

MLS # 6743141

Property Type Single Family Residence

Price Type --

MLS#6743141 The Adelaide in the Stonehaven Expedition is perfect for entertaining. As you enter through the foyer, you'll find an expansive main living area that includes a formal dining room, a bright gathering room, and a gourmet island kitchen filled with natural light. The owner's suite is tucked away at the rear, offering a spa-like bathroom and a large walk-in closet. This exceptional home also includes three additional bedrooms, a casita with its own ensuite bathroom and sitting area, and a welcoming outdoor living space. Structural options include: casita with sitting room, bedroom 4 in lieu of storage space, multi-slide door at gathering room, gourmet kitchen, super shower at owner bath.

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20712 W Pasadena Avenue Buckeye, AZ 85396

$679,990

2 Beds

2 Baths

2,236 SqFt

Status Active

MLS # 6743347

Property Type Single Family Residence

Price Type --

Our very popular Goldfinch floorplan situated on a corner lot with some peak mountain views! This home features 2 bedrooms plus a den and 2 bathrooms. The large open great room is a favorite with its 20' multi-slide glass door and vaulted ceilings! The kitchen offers an island that can seat 6, GE Profile SS appliances include double ovens, 5 burner cooktop, built-in microwave, dishwasher and a French door fridge, quartz counters and a beautiful tile backsplash! The master suite is light and bright, and the master bathroom offers dual vanities, an oversized tiled shower with a bench seat, and the large walk-in closet has plenty of room for your things! Come see all that this home has to offer in beautiful Victory at Verrado! Up to $10K can be applied towards closing cost OR short/long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

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8746 W Denton Lane Glendale, AZ 85305

$679,990

4 Beds

3 Baths

2,866 SqFt

Status Active

MLS # 6744884

Property Type Single Family Residence

Price Type --

MLS#6744884. Ready Now!! The Bradshaw at Stonehaven is a beautiful single-level home featuring 5 bedrooms, 3 baths, and a study. From the moment you step inside, the open floor plan creates a bright and welcoming atmosphere. The heart of the home is the island kitchen, which seamlessly connects to the dining area, large gathering room, and covered outdoor living space, making it perfect for entertaining. The private owner's suite is located at the back of the home, offering a spacious walk-in closet and a luxurious, spa-like bathroom. At the front of the home, you'll find four secondary bedrooms, a study, and an oversized laundry room. Structural options include: bedroom 5 and bath 3 in lieu in of tandem, 12' x 8' sliding glass door, shower in lieu of tub at secondary bath, and gas line for future outdoor kitchen.

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2933 W Tumbleweed Drive Phoenix, AZ 85085

$679,990

4 Beds

3 Baths

2,422 SqFt

Status Active Under Contract

MLS # 6733414

Property Type Single Family Residence

Price Type --

Discover your North Phoenix oasis in this upgraded split-level gem! Boasting 4 bedrooms, 3 full bathrooms, and a versatile den convertible into a 5th bedroom, this home promises comfort and style at every turn. Modern upgrades abound, featuring wood plank-style tile, coffered ceilings, 8' doors and custom lighting throughout with fresh paint and new carpet. Enjoy a gourmet kitchen with granite countertops, custom glass tile backsplash, upgraded cabinets, and stainless steel appliances including a gas range with double ovens. Entertain effortlessly with a great room wired for surround sound, pre-wired TV mounts, and a three car garage with epoxy/chip coated floor for easy maintenance. Plus, an OWNED solar system ensures energy efficiency and cost savings. You don't want to miss this one!

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13055 W Eagle Talon Trail Peoria, AZ 85383

$679,970

2 Beds

2 Baths

2,101 SqFt

Status Active

MLS # 6754883

Property Type Single Family Residence

Price Type --

Yes, the joy of community living in 55+ Trilogy at Vistancia. Enjoy walking trails, golf course views, Kiva Club spa in an award winning Guard Gated oasis. Serenitas Model Tall Ceilings greet you at the formal entrance. Large Dining Rm perfect for sharing your favorite meals w/friends & neighbors. Gourmet Kitchen with convection/standard oven, extra large Island for gathering conversation during snack preparation. Large Great Room for sharing sports, great conversations or movies. South facing backyard for warm Arizona sunshine days + shade when you want under the large covered patio. Light bright Primary BR with bay window to enjoy the outdoor light. Two separate closets, all tile upgraded walk-in shower, separate sinks & vanity. Study/hobbie RM east facing for blue skys all day long.

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