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

21362 S 213th Place Queen Creek, AZ 85142

$677,250
4 Beds
3.5 Baths
2,921 SqFt
Status Active
MLS # 6753111
Property Type Single Family Residence
Price Type --
YOUR QUEEN CREEK GETAWAY AWAITS! This is more than a home—it's your new happy place, perfectly situated in the heart of Queen Creek, just minutes from the QC Village Center and QC Marketplace. This home is all about style and convenience. Inside, the towering ceilings create an airy, welcoming vibe. It's a perfect place for entertainers, or anyone who loves a little extra space. The chef's kitchen is the stuff of culinary dreams, featuring chic white cabinets, granite countertops, a gas cooktop, and dual islands that make cooking and entertaining a breeze. And let's not forget the backyard—at over a quarter a quarter acre, it's big enough for a pool, a playground, a garden, and whatever else your heart desires. This home is ready for you. Are you ready for it?

10618 E Ensenada Street Mesa, AZ 85207

$677,000
3 Beds
2.5 Baths
2,221 SqFt
Status Active
MLS # 6765796
Property Type Single Family Residence
Price Type --
Discover this stunning open single-level home on an oversized lot with breathtaking mountain views! The entertainer's gourmet kitchen features a built-in stainless wall oven, microwave, and cooktop, along with staggered cabinets and granite countertops. Enjoy brand new appliances, fixtures, and handles, spacious bedrooms, a tiled walk-in shower, a new hot water heater, and a whole-home filtration and softener system. The half bath is beautifully remodeled, the interior freshly painted, and tile flooring is installed throughout. The garage offers ample extra storage and an extended paved driveway with a double gate to park your recreational vehicles. The expansive backyard boasts a sparkling heated and cooled pool, with a landscaped yard that's ready for you to enjoy. This is a must-see!

20230 W Hollyhock Street Buckeye, AZ 85396

$676,995
4 Beds
3.5 Baths
2,840 SqFt
Status Active
MLS # 6697536
Property Type Single Family Residence
Price Type --
Part of the Modern Living collection, The Darius provides a sophisticated and accommodating ranch-style layout. In addition to a lavish primary suite with a roomy walk-in closet and attached double-sink bath with an upgraded deluxe tile shower-this home includes a second primary suite with an adjacent living room, perfect for multi-generational living. You'll also enjoy a 3-car garage, a study, a great room with an adjacent covered patio-featuring multi-slide doors, two additional bedrooms that share a jack and jill bathroom, and an inviting gourmet kitchen with a generous island, built-in pantry, 42'' white cabinets with matte black pulls, quartz countertops, tile backsplash, GE Plus stainless-steel appliances with chimney hood and 36'' gas cooktop and an adjacent dining nook. This home has contemporary square casing throughout, 9 x 35 tile flooring with carpet only in the bedrooms, matte black hardware. lighting and faucet packages throughout, pendant lighting at the kitchen island, and a full wet bar with upper and base cabinets in the guest living room. In addition, 10 ft ceilings, two-tone paint, ceiling fan prewires in the bedrooms, great room, study and covered patio, soft water loop in the garage, laundry sink pre-plumb, garage service door, paver driveway and walkway, front yard landscaping and exterior coach lights are also included. This home is situated on an 8760 square foot lot with a double side gate.

22701 E Saddle Way Queen Creek, AZ 85142

$675,990
5 Beds
3.5 Baths
2,623 SqFt
Status Active
MLS # 6740882
Property Type Single Family Residence
Price Type --
**This is a TO-BE-BUILT LISTING, this home is ready for personalization and can be built on your choice of homesite. This is an advertisement of our base price for this elevation and lot premiums may apply** Welcome to Ashton Woods newest community in Queen Creek - Madera Marquis - which features outstanding community amenities and convenient access to the 24 freeway and shopping. The open concept Diamond plan is highly sought after floorplan with 5 bedrooms and 3.5 baths. Options for structural upgrades include adding a a sixth bedroom, two additional bathrooms, 12'' sliding glass door and so much more. This home includes an open concept kitchen with granite countertops, 42'' upper cabinets, and stainless steel appliances. Amazing spa like primary suite with dual vanities, ample linen storage and separate tub and shower. This floorplan is accompanied by an oversized den and sizable secondary bedrooms with walk in closets. This home comes standard with 9' ceilings, front yard landscaping, paver driveway, and much more! ~There is a minimum option spend requirement on new build homes, please reach out to the sales office for additional details.~

5214 W Rainwater Drive Laveen, AZ 85339

$675,000 - 3Br/3Ba -  for Sale in Tierra Montana Phase 1 Parcel 11, Laveen
New
$675,000
3 Beds
3 Baths
2,392 SqFt
Status Active
MLS # 6783816
Property Type Single Family Residence
Price Type --
MLS#6783816 December Completion - Introducing the 55-RV2 floor plan at Tierra Montana—a thoughtfully crafted single-story home with 2,392 square feet of beautifully designed living space. This residence offers 3 spacious bedrooms, 3 bathrooms, a 3-car tandem garage, and a dedicated RV garage complete with convenient RV cleanouts, blending functionality with modern sophistication. The open layout connects the kitchen, gathering room, and dining area, creating a warm and welcoming space perfect for family gatherings, entertaining, and more. The kitchen features elegant 42'' recessed maple cabinets, white quartz countertops, and a GE Café gas range, making it an ideal hub for both casual meals and special occasions. Structural options include: paver front porch, garage service door, 16' x 8' multi sliding glass door, outdoor living extension, RV cleanouts, prewire for HVAC at RV garage, marble shower in lieu of tub and shower in primary, 8' interior doors, soft water loop and gas line for future outdoor use.

6981 State Route 260 Lane Show Low, AZ 85901

$675,000
3 Beds
2 Baths
1,851 SqFt
Status Active
MLS # 6744472
Property Type Manufactured Home
Price Type --
Endless possibilities for horse enthusiasts! Nestled on 5 acres in the scenic White Mountains, just off Hwy 260, this property offers both comfort and potential. The main residence is a well-maintained 3-bedroom, 2-bath manufactured home with vaulted ceilings, a spacious kitchen, and a large front deck, perfect for enjoying the tranquil surroundings. Additionally, there's a 900 sq ft Quonset hut with 1 bedroom, 1 bath, a cozy kitchen, and a wood-burning stove—ideal for guests or as a rental opportunity. The property also includes a 900 sq ft metal garage, an 8x25 storage container, and a private well with two storage tanks. Whether you're looking to create a peaceful retreat or a functional horse property, this estate has the space and amenities to make your vision a reality.

13225 W Horsetail Trail Peoria, AZ 85383

$675,000
4 Beds
3 Baths
2,414 SqFt
Status Active
MLS # 6774679
Property Type Single Family Residence
Price Type --
Discover Your Dream Home with Breathtaking Mountain Views! This newly built 2022, 4-bedroom, 3-bath, Den, 2.5 car garage & front patio home is designed for modern living, offering mountain views and array of features that will make you fall in love at first sight. Step inside to be greeted by soaring 12-foot ceilings and a spacious great room, perfect for entertaining. Wood plank tile flooring flows seamlessly throughout the home, adding warmth and elegance. The heart of the home is the gourmet kitchen, boasting white cabinets with crown molding, a decorative tiled backsplash, luxurious granite countertops, expansive island with breakfast bar & built-in microwave & wall ovens. Double slider patio doors invite you to step outside and enjoy the low-maintenance synthetic turf and extended paver patio for additional seating. The property backs to a common area with no neighbors behind you to enhance your privacy. The community offers a 5300 sf community center - THE SOVITA CLUB -Surrounded by EPIC views, The Sovita Club - a recreation center and 10-acre amenity park Club features a resort-style pool, catering kitchen, movement and fitness on-demand studio, a multi-use turf court and basketball court, resident entertaining and gathering spaces, event lawns, and kids outdoor play zone. YOUR DREAM AWAITS!!!

2377 N 156th Drive Goodyear, AZ 85395

$675,000
4 Beds
2.5 Baths
2,493 SqFt
Status Active
MLS # 6761055
Property Type Single Family Residence
Price Type --
Beautiful home nestled in Portales Palm Valley gated community. This stunning 4-bedroom plus den/office with glass french doors for privacy, 2.5-baths. The spacious layout boasts a modern open-concept design, perfect for both entertaining and everyday living. The gourmet kitchen features top-of-the-line appliances, including gas range, quartz countertops, extended island open to large great room, a true chef's delight. Eat in kitchen nook. The luxurious master suite is a private retreat, walk in tile shower, dual sinks and walk-in closet. Additional bedrooms are generously sized w/ ceiling fans, providing ample space for family or guests. Step outside to your tranquil backyard lush landscaping, 2 built in bbq's, concrete island, lightening for that elegant ambience feel. 10' ceilings, Water Softener, Reverse Osmosis system, New Water Heater, Wine fridge, Kitchen and Bath countertop recently upgraded, New Kitchen Hood and range ( kitchenaid ), Second bath fully remodeled, New Paint in all interior, including garages, New Exterior paint (2023), Smart thermostats, 3 HVAC control areas, Smart two car garage opener, Celling fans in every room, Propane Griddle and charcoal grill included, Fully automatic Irrigation system, Close circuit hard wired Cameras, Alarm sensors in all windows and doors, Smoke and CO2 Sensors. Conveniently located close to premier shopping centers and major freeways, this home offers the perfect blend of tranquility and accessibility. Enjoy the benefits of community amenities, including well-maintained common areas. Don't miss the opportunity to make this exquisite property your forever home. Experience the epitome of luxury living!

171 W Flagstone Place Casa Grande, AZ 85122

$675,000
3 Beds
3 Baths
2,753 SqFt
Status Active
MLS # 6699795
Property Type Single Family Residence
Price Type --
AMAZING SINGLE LEVEL HOME IN DESIRED COYOTE RANCH SUBDIVISION!! WALK INTO A LARGE FORMAL LIVING/DINING ROOM WITH BEAUTIFUL VIEW TO THE RESORT LIKE BACKYARD.SPACIOUS KITCHEN INCLUDES STAINLESS STEEL APPLIANCES,NEW WALL OVEN/MICROWAVE, GRANITE COUNTERTOPS, HUGE ISLAND AND R/O WATER SYSTEM IN KITCHEN. WATER SOFTNER AND CENTRAL VAC. SPACIOUS MASTER SUITE WITH LARGE WALK-IN CLOSET AND DOOR THAT EXITS TO EXTENDED COVERED PATIO. BEAUTIFUL MASTER BATH WITH GLASS BLOCK SNAIL SHOWER, DOUBLE VANITY, SEPARATE TUB AND PRIVATE TOILET. HUGE LOW MAINTENANCE LUCIOUS BACKYARD WITH DESIGNED DESERT LANDSCAPE. EXTENDED COVERED PATIO. NEWLY REPLACED POOL EQUIP & REFINISHED AMAZING POOL WITH ROCK FOUNTAIN IN THE POOL, WATERFALL AND ROCK FORMATION WATER SLIDE.

15236 N 20th Place Phoenix, AZ 85022

$675,000
3 Beds
2 Baths
1,475 SqFt
Status Active
MLS # 6696568
Property Type Single Family Residence
Price Type --
Discover the opportunity of a lifetime - your very own dream vacation rental property is now available for sale! Indulge in the sheer luxury of this fully furnished vacation home, where every detail has been meticulously curated to create an inviting and comfortable ambiance. From the cozy living room to the fully equipped kitchen, this property ensures your guests have all they need for a memorable stay. Luxurious bedrooms and tasteful décor, your guests will find the utmost comfort and relaxation. Rest easy knowing that this vacation rental property has been meticulously maintained.: Pool Heater HVAC and Roof all new in 2022. Turnkey opportunity for the new owner. Not into vacation rentals, this is a perfect family home on a quiet cul-de-sac near Lookout Mountain! No HOA!

823 W Clay Avenue Flagstaff, AZ 86001

$675,000
6 Beds
2.5 Baths
2,422 SqFt
Status Active
MLS # 6738092
Property Type Single Family Residence
Price Type --
ATTENTION ARTISTS, INVESTORS, & SMALL BUSINESS OWNERS! Looking for the perfect work life balance? This super cool 6 BD 2.5 BR home in Old Town Flagstaff checks all the boxes! Zoned Highway Commercial, this mixed-use property provides a perfect place to call home while doubling as a workspace in the center of the busiest traffic corridor in Flagstaff. The nearby university and high-density residential areas pack in foot traffic to and from NAU. Clay Ave is a well known ''back street'' for motorists looking for a quick route from Butler or Milton to Route 66 and back. Tucked away from the hustle, but still in the heart of it all! The main level opens into a sizeable mud room that gives way to the main living room and guest bathroom. Through the kitchen, you'll find a second living space, flanked with a ¾ bathroom, laundry room and back bedroom with exterior access to what could be a parking lot area. At the center of the building, stairs lead you up to 4 unique bedrooms featuring built ins, a dormer window, and a full, separate bathroom. At the base of the stairs, the final 6th bedroom awaits, each with authentic wood floors serving the historic value of this home. Pine bead board, craftsman style windows, cottage glass doors, shiplap walls, nooks and crannies...this old soul house is as far away from millennial gray as you can get! Don't miss this one of a kind opportunity to own a true piece of art. Research the Downtown Mile Project for more area developments!

15044 N Calle Del Prado -- Fountain Hills, AZ 85268

$675,000
3 Beds
2 Baths
1,653 SqFt
Status Active
MLS # 6767549
Property Type Single Family Residence
Price Type --
This modern home has a split floor plan with fireplace, tile floors, large great room with vaulted ceilings, modern kitchen, counter seating, large built-in pantry and separate laundry room. The primary bedroom has a separate office space/sitting room with large window. The primary bath ensuite has been updated with free standing luxury tub, round glass shower and vanity with double sinks. Located on one of the largest lots in the area, it is about 1/3 acre, completely walled in with a 12' wide RV gate, a stucco storage building 12x12, with additional covered area for boat storage or RV parking. The expansive back yard has a back gate to wash/greenbelt behind property which provides privacy and no homes directly behind you. Room to build private backyard oasis. Owner related to agent.

Leave a Reply

Your email address will not be published.