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

8723 E Hillview Street Mesa, AZ 85207

$675,000

4 Beds

2 Baths

2,298 SqFt

Status Active

MLS # 6770992

Property Type Single Family Residence

Price Type --

This beautifully maintained 4-bedroom home, with an additional office and flex room, offers an abundance of living space, totaling 2,298 sqft. Featuring a den, family room, great room, and bonus room, this home is perfect for comfortable living and entertaining. The 10-foot ceilings, along with a mix of carpet and tile flooring, create a spacious and inviting atmosphere. Dual-pane low-E windows ensure energy efficiency. The large split primary bedroom includes a walk-in closet and a full bath for your privacy and convenience. The kitchen boasts granite countertops, a large island, ample cabinet space, and an eat-in kitchen. Step outside to a stunning backyard, beautifully landscaped with lush green grass, a patio for outdoor dining, and a sparkling pool complete with a rock water feature.

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2700 N Horseshoe Street Unit 69 Flagstaff, AZ 86004

$675,000

2 Beds

2 Baths

1,557 SqFt

Status Active

MLS # 6772735

Property Type Townhouse

Price Type --

Discover the perfect AIR CONDITIONED home in the exclusive Saddleback Lodge at Continental Country Club! This fully furnished, SINGLE-LEVEL townhome invites you to unwind on a private deck with breathtaking golf course views surrounded by the serenity of mature trees and lush landscaping. Includes a 1-car garage, fireplace, stainless appliances appliances, and proximal to the clubhouse, restaurant, pools and resort amenities such as pickleball & fitness center. Whether for a weekend getaway or a long-term escape, this beautifully remodeled home offers unmatched comfort & convenience - an investment you will return to again and again! 2nd Bedroom currently being utilized as a den/office.

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4270 Blacksmith Way Wickenburg, AZ 85390

$675,000

2 Beds

2.5 Baths

1,999 SqFt

Status Active

MLS # 6770391

Property Type Single Family Residence

Price Type --

This beautifully upgraded Hotel California model in Wickenburg Ranch offers the perfect blend of elegance and functionality. Situated on a premium corner lot, the home features 2 bedrooms, 2.5 bathrooms, a rare find for this model, and an open floor plan designed for modern living. The upgraded kitchen boasts a large island and a premium gas stove package, ideal for home chefs and entertaining. The guest bedroom is thoughtfully extended by 2 feet, complete with an en suite bathroom for added privacy. The entire home showcases unique upgrades with stylish tile flooring, upgraded lighting fixtures, and ceiling fans throughout. Outside, the spacious backyard impresses with extensive landscaping and a large paver patio, perfect for outdoor gatherings. The three garage offers custom cabinetry, epoxy flooring, and a mini-split AC, providing extra comfort and storage solutions. This home is move-in ready with every detail meticulously planned for luxury living.

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4083 S San Carlos Drive Globe, AZ 85501

$675,000

4 Beds

4 Baths

3,934 SqFt

Status Active

MLS # 6771870

Property Type Single Family Residence

Price Type --

This immaculate 4 bedroom 3 1/2 bath home sits on almost two acres with spectacular 360 views. There is plenty of space for entertaining in the formal living room, den with a wood burning fireplace, bonus room and formal dining room. Enjoy the beautiful manicured yard with mature fruit trees and relaxing outdoor patio. This home brings the outside in with three atriums and skylights throughout the house. The stainless steel appliances in the kitchen are newer and both heating/cooling units have been replaced in the last 6 months. There are double pane windows throughout the house for natural light and energy efficiency. Every inch of this elegant home has been lovingly maintained. Seller is offering an $8000 flooring allowance to buyer

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2525 N 25th Place Phoenix, AZ 85008

$675,000

4 Beds

2 Baths

2,205 SqFt

Status Active

MLS # 6781950

Property Type Single Family Residence

Price Type --

This property is a mid-town hidden gem (less than 1 mile from AZ Heart Hospital and Phx Children's Hospital) This rare find features two detached homes on an expansive 13,570 sq ft lot! The main home is a timeless 4-bedroom, 2-bathroom with updates that blend classic charm and contemporary comfort. Large open living space provides a huge area to gather together and a dining area that accommodates fully expanded seated dining for at least 10 and combined seating for approx 20! The detached guest house offers an additional 3 bedrooms, 2 bathrooms, and a basement (not designated living space), perfect for an office, studio, wine cellar or? This additional home offers space for extended family, visitors, multi-gen living or rental income. Both homes are powered by owned solar, providing energy efficiency and cost savings. Plus, the property features flood irrigation. With no HOA restrictions, you have the freedom to transform this super-sized lot into your own private oasis, ideal for outdoor living, gardens, or entertaining spaces. This property is an unparalleled opportunity for versatility and investment in a serene, spacious setting. This is a hidden gem!

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7837 E Carefree Estates Circle Carefree, AZ 85377

$675,000

2 Beds

2.5 Baths

2,282 SqFt

Status Active

MLS # 6772979

Property Type Single Family Residence

Price Type --

Step into a beautifully renovated, single-level retreat, masterfully designed by a renowned architect. This modern oasis features a sought-after south-facing back patio, perfect for enjoying your morning coffee or grilling in the afternoon sun. Inside, you'll find two generously-sized master suites, offering versatile living options. The cozy den, with its expansive windows overlooking the serene surroundings, is an ideal space for a reading nook or a home office. Constructed with durable and timeless slump block, this home boasts abundant natural light, thanks to numerous windows. During cooler months, the inviting fireplace adds a touch of warmth and ambiance. Full-time resident or seeking a low-maintenance getaway, this home offers the perfect blend of comfort, style & ease of living

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4939 E Roberta Drive Cave Creek, AZ 85331

$675,000

3 Beds

2.5 Baths

2,016 SqFt

Status Active

MLS # 6775602

Property Type Single Family Residence

Price Type --

Updated 3 BR, 2.5BA home, den/office downstairs, game/media area upstairs, in the heart of Tatum Ranch. Stunning finishes throughout. All new master bath vanity & 2nd bath, luxury vinyl flooring & baseboards w entire interior painted. All new plumbing fixtures, door hardware, ceiling fans, lighting, 2'' blinds, updated front & back yard. Kitchen features stainless steel appliances, granite countertops, gas stove, soft close cabinets, under & above cabinet lighting! Master bath w dual sinks, soaking tub, walk-in shower, custom walk-in closet. Spacious low maint backyard w covered patio & synthetic turf. North/south oriented lot backing to a desert offers privacy. New garage epoxy floor, w/cabinets. Close to Desert Ridge, great schools, Dynamite park & shopping.

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3222 N Sagewood Circle Mesa, AZ 85207

$675,000

3 Beds

2 Baths

1,794 SqFt

Status Active

MLS # 6773702

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the desirable Las Sendas community of Mesa, AZ! This stunning single-level 3-bed, 2-bath residence boasts an updated kitchen featuring granite counters and a gas cooktop, perfect for culinary enthusiasts. Enjoy the airy feel of vaulted ceilings and sleek vinyl flooring throughout. The primary bedroom offers a cozy sitting room ideal for an office, yoga space, or nursery. Situated on a peaceful cul-de-sac lot, this home includes a spacious 3-car garage. Step outside to your private backyard oasis with a refreshing pool and a rooftop deck showcasing breathtaking mountain and sunset views. Plus, save on energy costs with the installed solar system. Don't miss out on this perfect blend of comfort and luxury!

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14023 W Monte Vista Road Goodyear, AZ 85395

$675,000

5 Beds

3 Baths

2,976 SqFt

Status Active

MLS # 6774191

Property Type Single Family Residence

Price Type --

Pristine, better-than-new gem in sought-after Palm Valley! Experience effortless flow & abundant natural light throughout. Whip up culinary masterpieces in the spacious kitchen complete with an expansive island just perfect for gatherings for breakfast with the family or a social spot for chatting and sipping vino. Use the versatile & flexible loft as an office, workout room, or game room—tailor it to your lifestyle. From elegant plantation shutters to stunning wood plank tile flooring, every detail has been meticulously chosen. Resort-like backyard features a sparkling pool, easy care turf & covered, extended patio. Community perks include a golf course & community pool. Why wait for new... this home is truly done to the nines so don't miss your chance to own this slice of paradise!

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15240 N Del Ray Drive Fountain Hills, AZ 85268

$675,000

3 Beds

2 Baths

1,343 SqFt

Status Active

MLS # 6775272

Property Type Single Family Residence

Price Type --

Looking for the perfect ''lock-and-leave'' home where you can stargaze every night? Look no further! This beautifully updated property boasts a fully remodeled interior, including new floors, kitchen, and bathrooms, so all you need to do is unpack. With 3 cozy bedrooms and 2 bathrooms, this home is designed for comfort. The backyard is perfect for entertaining year-round, featuring a pool, covered patio, gazebo, and hot tub. Enjoy ultimate privacy with the serene desert wash right behind you. The open kitchen and living area create an inviting space for relaxation. Nestled in a peaceful neighborhood, you'll love the tranquility of this quiet community. As the ''snowbirds'' flock to Fountain Hills for the ideal Arizona season, this home is the perfect getaway.

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17166 W Alice Avenue Waddell, AZ 85355

$675,000

4 Beds

3 Baths

2,542 SqFt

Status Active

MLS # 6775606

Property Type Single Family Residence

Price Type --

Built in 2019 by semi-custom home builder, Elliot Homes, you'll see the luxury displayed in every aspect of this home. Open and inviting living and dining area surrounding the gourmet chef's kitchen keeps all your family and friends together for fun days and relaxing nights. Oversized 16 foot sliding glass doors lead to the resort-like backyard with custom pool and baja step for relaxing in the sun. The entire extended back patio and surrounding pool deck is coated in a non-slip rubber coating that lets you enjoy the entire outdoor area without burning your feet, you simply have to check it out! With almost $100,000 in upgrades and landscaping, living in this home will make you feel like you're living at a resort! The children's play park is located diagonally across the street 🙂

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6506 W Bent Tree Drive Phoenix, AZ 85083

$675,000

4 Beds

3 Baths

3,131 SqFt

Status Active

MLS # 6776376

Property Type Single Family Residence

Price Type --

Welcome to your 4bed/3bath desert mountain paradise! Meticulously designed interior boasts a bright living room, formal dining room, & a large bonus room enhanced by bamboo flooring throughout, double-height ceilings, & windows that allow abundant natural light to flood the space. The designer farmhouse kitchen comes complete w/ recessed lighting, SS appliances, quartz counters, shiplap backsplash, RO system & gas stove. HUGE loft is ideal for an entertainment area or child's play room. Discover the main retreat, featuring a private balcony, an ensuite w/dual sinks, a soaking tub, & a walk-in closet. Enjoy peaceful mornings on the balcony w/mountain views & seasonal hot air balloons on this premium lot. The spacious backyard includes a covered patio, play area, natural grass, & a fire pit

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