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.

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25720 N 140th Drive Surprise, AZ 85387

$675,000
3 Beds
3 Baths
2,185 SqFt
Status Active
MLS # 6779155
Property Type Single Family Residence
Price Type --
Ready to Live in Your Dream Home? This 3 bed, 3 bath beauty is packed with jaw-dropping updates and designer touches that make it feel like a luxury retreat - but with all the comfort of home. From the moment you enter, you'll be struck by the natural light pouring in through oversized windows and the stunning herringbone plank tile flooring. Every room has been carefully designed with modern ceiling fans and lighting. It's all about the details here. The kitchen? Wow. Think extended island with a farmhouse sink, touchless faucet, sleek quartz countertops, and custom soft-close cabinets. Plus, with top-tier KitchenAid and Bosch appliances, cooking feels like a dream. The master suite is your own private escape. The en-suite bathroom features a custom shower with multiple heads and heated floors for that spa-like vibe. Need entertainment? There's a superhero-themed game room -- yes, you read that right. And for the ultimate hangout, the backyard is it. A custom BBQ station, an amazing pool with a water wall and bubblers, plus a covered patio that's perfect for hosting large parties or just chilling with a cold drink. Low-maintenance artificial turf and outdoor lighting that you can remotely adjust. On top of all this, you've got solar panels for energy efficiency, plus a 2-car and RV garage with climate control. This home isn't just beautiful -it's designed for an extraordinary way to live. Come see what makes this place so special!

3460 E Azalea Drive Gilbert, AZ 85298

$675,000
4 Beds
3 Baths
2,087 SqFt
Status Active
MLS # 6778428
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This beautifully upgraded 4-bedroom, 3-bathroom residence boasts just under 2,100 square feet of luxurious living space. Step inside to discover an open and airy layout, perfect for entertaining and family gatherings. The modern kitchen features stainless steel appliances, elegant granite countertops, and stylish backsplash, making it a chef's paradise. Relax in your private oasis with a sparkling pool, surrounded by a beautifully landscaped yard—ideal for summer fun or quiet evenings under the stars. The Bridges community in Gilbert, AZ offers a serene atmosphere, amenities, complete with scenic views and friendly neighbors.

7064 E Osage Avenue Mesa, AZ 85212

$675,000
4 Beds
2.5 Baths
2,698 SqFt
Status Active
MLS # 6780359
Property Type Single Family Residence
Price Type --
Awesome move in ready home in great Mesa location, Gilbert Schools. Pull up to this adorable home with front porch. Open the door to an exceptional family home. sellers have done it all here. Plantation shutters, unique wood features, drop zone off garage, 2 pantries. Large loft area would make great office or children's play area, fenced saltwater pool w/slots for volleyball,/basketball. 2 1/2 baths, .2nd floor laundry, tasteful decor. This home is very special! Newer a/c has transferable warranty, 5 years labor, 10 years parts. see upgrades list in documents. Don't miss this one!!!

17006 N 44th Place Phoenix, AZ 85032

$675,000
3 Beds
2 Baths
2,006 SqFt
Status Active
MLS # 6782203
Property Type Single Family Residence
Price Type --
Beautiful remodel completed in 2021 blends modern comfort and timeless design. This home features 3 bedrooms plus an office with room to convert to a 4th bedroom. Both bathrooms are fully renovated with custom cabinets, quartz countertops and light bright finishes. Hardwood floors throughout the rest of the home - no carpet! Oversized kitchen with ample storage, extended island to seat 6 plus. Brand new windows installed in 2021, new A/C in 2020, new hot water heater 2021. Premier location for local public schools, shopping, dining, all you need. Minutes from the SR51.

177 S Ellison Road Coolidge, AZ 85128

$675,000
4 Beds
3 Baths
2,419 SqFt
Status Active
MLS # 6782601
Property Type Single Family Residence
Price Type --
This beautifully crafted 2021-built country home, set on a spacious two-acre lot, offers the perfect blend of modern comfort and rural charm. Spanning 2,419 sq. ft., the home features 4 bedrooms plus a versatile den/office, providing ample space for family, work, and guests. The master suite is a luxurious retreat, with an expansive bedroom, a spa-like bathroom complete with a large walk-in shower, and an oversized closet. The heart of the home is the gourmet kitchen, boasting a massive island, perfect for meal prep and gatherings, as well as an oversized pantry for all your storage needs. A dedicated laundry room offers additional storage space. Outside, enjoy the benefits of irrigated land, perfect for gardening or landscaping to your heart's content. This home offers country living at its finest, with modern amenities and plenty of room to grow.

15151 N 100th Way Scottsdale, AZ 85260

$675,000
3 Beds
2 Baths
1,691 SqFt
Status Active Under Contract
MLS # 6745447
Property Type Single Family Residence
Price Type --
[Motivated Seller] This charming single family Residence in Mirada at Scottsdale Horizon (subdivision) backs to the Central Arizona Project Canal and is surrounded by mature trees. Travertine tile floors and baseboards; laminate floors in great room off the kitchen; maple cabinets, granite tile countertops, stainless steel hardware, sink & appliances, open design kitchen with breakfast bar; large, master bath with soaking tub, (tumbled stone surround) and shower w/glass doors, dual vanities and two master closets. Sliding door to covered patio and extended seating area. Private back yard with mature landscaping and oleander trees along the perimeter.

1239 E El Camino Drive Phoenix, AZ 85020

$675,000
3 Beds
2.5 Baths
2,110 SqFt
Status Active Under Contract
MLS # 6753465
Property Type Single Family Residence
Price Type --
Located on a cul-de-sac with NO HOA, this beautifully remodeled home offers thoughtful updates and is sure to impress! This stunning home has 3 bedrooms, 2.5 baths, and 2,110 sqft of modern living space, complemented by luxury vinyl flooring throughout. Upon entry, you'll discover a bright living room, a formal dining area, and a kitchen designed for both functionality and style. The gourmet kitchen is equipped with a farmhouse sink, soft-close white cabinetry, stainless steel appliances including a wine refrigerator, plus a breakfast bar perfect for entertaining or enjoying a casual meal. The spacious primary ensuite features a dual-sink floating vanity, a stylish tiled shower, and a large sitting area that can be transformed into your custom dream closet! Picture yourself by the sparkling pool, enjoying mountain views, and gathering with friends in the outdoor seating area. With an RV gate, you have all the space and freedom you need! Enjoy peace of mind with recent upgrades, including a brand-new AC unit, mini-split system, resurfaced pool, updated plumbing and electrical, re-stuccoed backyard walls, and a newer roof (2023)!

16800 E El Lago Boulevard Unit 1031 Fountain Hills, AZ 85268

$675,000
2 Beds
2 Baths
1,898 SqFt
Status Active Under Contract
MLS # 6768081
Property Type Apartment
Price Type --
Welcome to the largest floor plan unit in beautiful Village at Towne Center! This single level home offers a walkway to the front entry as well as direct entrance from the 2 car garage. Priced to sell! Location, location, location right in the heart of Fountain Hills. So close to downtown, dining, shopping and many of the amazing events that happen in Ftn. Hills. Upon entering this stunning 2-bed/2-bath home including a spacious office offering the touch of French doors, you'll feel right at home! If you want comfortable living and enjoy entertaining you'll have the luxury of the outdoor patio. The kitchen is very roomy with all appliances, lots of cupboards, and granite counters. Step into the splendor of the primary suite, designed for relaxation. Featuring ample...see more space, a walk in closet, and an en-suite with granite counters. Beautiful tile flooring throughout the home. The large laundry room has a sink, and more cupboard space. This unit is close to the community heated pool, and a workout facility. The 2 TV's convey along with the primary bedroom set, sleigh bed, 2 end tables, lamps on end table, large dresser drawer at the foot of the bed, the table along the wall when you walk into the primary bedroom. The Livingroom couch will also convey along with the black office desk and the porch furniture. A must see home that won't last!

21248 N 262nd Lane Buckeye, AZ 85396

$675,000
2 Beds
2.5 Baths
2,442 SqFt
Status Active Under Contract
MLS # 6767184
Property Type Single Family Residence
Price Type --
GOLF COURSE JOURNEY WITH CART GARAGE AND A SEPARATE ENTRY FOR GUEST SUITE IN THE FRONT OF THE HOME. A private courtyard leads to the custom entry door. Inside are tile floors throughout the living areas and carpeted bedrooms. Upgrades include Solar Panels, Custom Wood Media Wall, two sets of sliding doors to the extended patio, Built-in BBQ and more. See the list in the documents tab. But perhaps the most valuable: THE LOCATION and the VIEW.

1600 W Ashley Way Flagstaff, AZ 86005

$675,000
3 Beds
2 Baths
1,612 SqFt
Status Active Under Contract
MLS # 6775662
Property Type Single Family Residence
Price Type --
Step into this beautifully designed 3-bedroom tucked away among towering ponderosa pines on a private cul-de-sac of the desirable University Highlands neighborhood. The open-concept kitchen features elegant quartz countertops with a waterfall edge, maple cabinets, stainless steel appliances, and a breakfast bar. The kitchen seamlessly connects with the warm living room that has vaulted ceilings and a gas fireplace. The living room takes you to the spacious covered patio that sits high up in the trees giving you a sense of peace and privacy! This home has a split floor plan with the primary suite situated at the back of the house, complete with a private deck that gives backyard access. The large walk-in closet has custom built-ins and is well suited for your entire wardrobe. A luxurious primary bath has an executive height counter, dual vanity, and a shower with a trio of high-end fixtures. Did we mention there is a giant crawlspace that could easily be converted to a sizeable workshop? All this with no HOA and a close proximity to NAU, town and amenities.

10118 E Trent Avenue Mesa, AZ 85212

$675,000
4 Beds
3.5 Baths
2,794 SqFt
Status Active
MLS # 6751202
Property Type Single Family Residence
Price Type --
Welcome to this stunning Toll Brothers home nestled in the premier community of Cadence! With its impressive curb appeal and an inviting, bright, and airy floor plan, this residence is designed for both comfort and style. Step inside to discover an open-concept layout that seamlessly connects the elegant kitchen to the living area. The gourmet kitchen boasts pristine white cabinetry, a generous breakfast bar, a large center island, and a walk-in pantry, all complemented by stainless steel appliances. Expansive windows and soaring ceilings flood the space with natural light, creating a warm and welcoming atmosphere. This living area effortlessly transitions to a backyard oasis, complete with a covered patio and a spacious play area featuring lush artificial turf. The main level also includes a versatile flex space that can serve as an office, den, or formal dining area, along with a private full bedroom and bathroom, ideal for guests or extended family. Venture upstairs to find an oversized loft that offers additional living space, along with a generously sized primary bedroom complete with a walk-in closet, dual sinks, and a walk-in shower. Two additional bedrooms share a well-appointed bathroom, and the convenience of a laundry room rounds out this functional second level. This home combines modern living with thoughtful design, making it the perfect retreat for any lifestyle. Don't miss the opportunity to make it yours! Cadence features an 8 acre park with a 12,000 sq ft club house that features a fitness center gym and meets the needs of every family. member! Enjoy the community pool, tennis courts, basketball courts and playground just to name a few ammenties. Conveniently located by shopping restaurants and easy freeway access!

6861 W Dale Lane Peoria, AZ 85383

$675,000
4 Beds
2.5 Baths
2,319 SqFt
Status Active
MLS # 6778564
Property Type Single Family Residence
Price Type --

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