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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2185 W Highridge Road Wickenburg, AZ 85390

$679,500

3 Beds

2 Baths

1,886 SqFt

Status Active

MLS # 6780211

Property Type Single Family Residence

Price Type --

PANORAMIC VIEW AS SOON AS YOU WALK IN! HORSE PROPERTY ON 2.2 ACRES IN HIGH END SUBDIVISION. NO HOA! Kick off you boots and relax in this incredible Santa Fe home with views of Vulture Peak. 3 BR/2 BA. Open, SPLIT Floorplan with Bee Hive Fireplace. Wood Doors. Owners bedroom has private entrance and full ensuite/ walk in closet.. Kitchen has plenty of storage and view of the desert. CLOSE TO TOWN AND ROPING. OVERSIZED 3 Car Garage! Room for LARGE GARAGE/SHOP with out obstructing any VIEWS. Customize the horse set up to YOUR liking. AMPLE PARKING IN THE CIRCULAR DRIVE. BRING YOU TOYS AND CAMPER. COVERED PATIO AND FENCED YARD. PRICE FOR A QUICK SALE.

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15221 N Clubgate Drive Unit 2021 Scottsdale, AZ 85254

$679,500

3 Beds

2 Baths

1,849 SqFt

Status Active Under Contract

MLS # 6769487

Property Type Apartment

Price Type --

3-bed, 2-bath unit in Kierland Greens with a spacious open layout, featuring a neutral palette, classic plantation shutters, soft carpeting, air scrubber, new water heater and a cozy fireplace. The gourmet kitchen boasts ample wood cabinetry, recessed lighting, stainless steel appliances, a pantry, and a breakfast bar for quick meals. Double French doors open into a versatile den, perfect for an office or bedroom. The primary bedroom includes an ensuite with double sinks and a walk-in closet with mirrored doors. Two balconies offer scenic views of the neighborhood, allowing for peaceful outdoor moments. The community overlooks Kierland Golf Course and offers a refreshing pool, spa, fitness center and common areas. It has had one original owner and meticulously kept maintenance records.

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3149 S Sierra Heights Mesa, AZ 85212

$679,500

5 Beds

3 Baths

3,360 SqFt

Status Active

MLS # 6766708

Property Type Single Family Residence

Price Type --

WELCOME HOME! This AMAZING property is situated on a corner lot and offers ample interior and exterior space. Equipped with a large RV gate, you can easily get your toys pulled in, with exterior 220v outlet. The back yard is an oasis featuring ,a waterfall, gazebo, putting green. All with plenty of space to expand! Relax in your private Master suite featuring your own private deck to enjoy those cool evenings. This home is a 5 bedroom 3 bath home with plenty of space for your family. This home also features NEW windows, new flooring, new roof, new doors, and the pool was recently resurfaced adding to the value of this home. It is truly a must see!

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111 E Santa Lucia Lane Queen Creek, AZ 85140

$679,000

2 Beds

2 Baths

1,928 SqFt

Status Active

MLS # 6748591

Property Type Single Family Residence

Price Type --

When the builder released these lots they sold out on a waiting list. Homesites add significant value at ENC. This popular Refresh plan at Encanterra is ready for you to enjoy. Located on a prime homesite with no backyard neighbors, you'll love the breathtaking mountain views and serene palm trees, just steps away from the Algarve pool and restaurant. This stunning home has endless upgrades, including a gourmet kitchen, upgraded tile throughout, custom window treatments, and tons of built-in cabinetry. The luxurious tile showers, quartz countertops, and exquisite finishes make this home truly unique. Built-in bookshelves, wrought iron front door and stunning light fixtures are a few of the custom features you'll find in this home. The den makes a great home office or 3rd bedroom option.

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15574 W Agua Linda Lane Surprise, AZ 85374

$679,000

2 Beds

2 Baths

1,934 SqFt

Status Active

MLS # 6759404

Property Type Single Family Residence

Price Type --

Golf Course Gem on the #1 Tee Box This stunning Cholla floorplan home offers breathtaking panoramic views of Granite Falls North's picturesque golf course. Enjoy the tranquility of water features and the lush greenery of three fairways right from your doorstep Step inside to discover a beautifully appointed interior featuring plank tile flooring, skylights, and designer painted cabinets. The kitchen boasts granite countertops, black appliances, and a convenient breakfast bar. The spacious master suite features a bay window and a luxurious master bath with double sinks and a large walk-in tiled shower. The guest bedroom is extended and includes a tiled walk-in shower. Outside, you'll find an extended covered patio with built-in BBQ, fans, and stunning golf course views. Furniture Avail

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21295 N 74th Avenue Glendale, AZ 85308

$679,000

4 Beds

3 Baths

2,169 SqFt

Status Active

MLS # 6769999

Property Type Single Family Residence

Price Type --

This home has been meticulously cared for. Featuring 2,169 sq ft, two levels, 4 beds + den, 3 baths, 3 car garage on over a .25 acre corner lot! Endless upgrades found throughout home including upgraded cabinets, railing on staircase, plantation shutters, baseboards & crown molding. Kitchen has beautiful backsplash, granite countertops, reverse osmosis & stainless steel appliances. The oversized lot has view fencing that opens to the community greenbelt, sparkling pebble-tech salt water pool with spa, peaceful courtyard with travertine pavers, large covered patio, lush green grass area, mature trees & citrus trees, low maintenance front yard landscaping with artificial turf & exterior sunshades on all windows. Energy efficient R50 attic insulation, full west shade & fully upgraded high-efficiency 15 seer HVAC w/ warranty. You'll feel the love & care for this home the moment you walk inside. Walk or bike the extensive trail system to large park, community lakes and Sierra Verde Elementary/Middle School/STEM-Academy.

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233 E Angela Drive Phoenix, AZ 85022

$679,000

3 Beds

2 Baths

1,808 SqFt

Status Active

MLS # 6774515

Property Type Single Family Residence

Price Type --

This charming home features three bedrooms and two bathrooms, providing ample space for family or guests. The updated kitchen boasts modern amenities, making meal preparation a joy. All the windows are energy-efficient low-E windows, complemented by new doors throughout the home. Two of the bedrooms are particularly spacious, with the master bedroom offering a large walk-in closet for plenty of storage. The master bathroom includes a beautifully tiled walk-in shower, adding a touch of luxury. For those who work from home, there's a dedicated office space, perfect for productivity. The family room is a cozy retreat, complete with vaulted ceilings and a warm fireplace for those chilly evenings. Step outside to a backyard oasis, where a sparkling pool invites relaxation. The expansive covered patio offers a fantastic space for outdoor living and entertaining, with a lush grass area and a paver front entry adding curb appeal. Additionally, art lighting highlights your favorite pieces, and a large laundry/storage room adds functionality to the home.

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5627 W Saguaro Drive Glendale, AZ 85304

$679,000

5 Beds

3 Baths

3,360 SqFt

Status Active

MLS # 6773210

Property Type Single Family Residence

Price Type --

This beautiful remodel is a must see and features upgraded kitchen and baths, quartz water fall kitchen island, stainless steel appliances, stainless steel hood vent, vaulted ceilings, updated flooring throughout, custom handrails, 5 large bedrooms, 3 full baths, freshly painted interior/exterior, new large baseboards throughout. House is situated on oversized lot with dive pool, artificial grass. Great location to schools, shopping, and highways. This house is a must see!!

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21551 E Waverly Court Queen Creek, AZ 85142

$679,000

4 Beds

3 Baths

2,627 SqFt

Status Active

MLS # 6775091

Property Type Single Family Residence

Price Type --

Beautiful, well-loved home, with Next Gen suite floor plan. Attached Next Gen suite has living room, kitchen, bedroom, and laundry, with its own entrance and garage entrance. Property is highly upgraded, beautiful paint scheme with white cabinets, granite, and custom backsplashes. Located in the heart of Queen Creek, near all downtown shopping, movies, Costco, etc. Just down the street from Schnepf Farms, and the Queen Creek Olive Mill. The neighborhood is master-planned, with walking paths and several parks. Property is located at the end of a quiet cul-de-sac. This home is perfect for families of recent graduates, those with elderly relatives they want to keep close, or for anyone who needs a little guest house.

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35815 S Joshua Place Wickenburg, AZ 85390

$679,000

3 Beds

2 Baths

2,058 SqFt

Status Active

MLS # 6781139

Property Type Single Family Residence

Price Type --

Discover timeless charm in this lovingly maintained Southwest retreat, set on 2.79 acres of horse property in the desirable community of Vista Royal. This single-owner, 3 bedroom, 2 bath home plus a spacious den features a split floor plan, offering privacy and comfort. The property is horse-friendly, great for those seeking equine pursuits. Enjoy the view of the Bradshaw and Weaver mountains on this spacious, softly rolling lot with a bonus tortoise sanctuary and walking paths. The east-facing backyard enjoys morning sun—perfect for gardening—and cool afternoon shade, making it ideal to enjoy the best of Arizona weather. With an extended 3-car garage, room for trucks and toys, well-tended landscaping and ample outdoor space, this home combines southwestern, rural elegance with modern convenience in a beautiful natural setting.

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3339 W Silverdale Road San Tan Valley, AZ 85144

$679,000

4 Beds

2 Baths

2,050 SqFt

Status Active Under Contract

MLS # 6768646

Property Type Single Family Residence

Price Type --

Dream equestrian oasis, built in 2021! This stunning single-story home on over 1.25 acres, is already fully fenced with durable pole fencing. The property boasts a flatter lot, perfect for your horses and outdoor activities, while picturesque mountain views surround this newer neighborhood. Inside, you'll find a light & airy layout with 10' ceilings & elegant 8' doors that enhance the spaciousness. Clean look cabinets & quartz countertops complement the Samsung stainless steel appliances in the modern kitchen. Luxurious wood plank tile flooring graces the living areas, while upgraded carpet provides comfort in the bedrooms. Each bathroom features custom tile, adding a touch of sophistication. With Pella windows & energy-efficient insulation, this home is as functional as it is beautiful.. beautiful. Move-in ready & lightly lived in, this property is a rare find for horse property enthusiasts. No need to wait for new construction and spare yourself the cost of upgrades that are already included in this home, waiting for you NOW!

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9635 E Natal Avenue Mesa, AZ 85209

$679,000

5 Beds

4 Baths

3,119 SqFt

Status Active

MLS # 6756889

Property Type Single Family Residence

Price Type --

Welcome to your dream home, located in the sought after Augusta Ranch community, home to Arizona's #1 executive golf course! This upgraded home has 5 bedrooms and 4 bathrooms with 2 of the bedrooms being luxurious dual masters, and 3 with walk-in closets and one upgraded larger master closet. Home has new flooring, all new tile gray herringbone downstairs and upstairs landing. Carpeting new in March of 2024. New thermostats installed, all new paint and new doors throughout. Kitchen has new counters, cabinets, backsplash and new appliances. Don't miss this charming home, see for yourself!

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