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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2524 E Christy Drive Phoenix, AZ 85028

$675,000
3 Beds
2 Baths
1,910 SqFt
Status Active
MLS # 6741686
Property Type Single Family Residence
Price Type --
**Price Reduced** Charming Santa Fe Style Home with Pool & Prime Location! This stunning 3 bed/2 bath retreat offers the perfect blend of comfort and convenience. With fresh new paint, no HOA, and situated on nearly 1/4 acre lot, this property has everything you need. Step inside to discover an inviting living space featuring a cozy fireplace, stainless steel appliances, and stylish cabinets. The wood tile flooring adds warmth and character, while the updated bathroom vanities bring a modern touch. Outside, you'll find a large pool perfect for Arizona summers, a covered patio ideal for outdoor entertaining, and a spacious yard for endless possibilities. Plus, the sellers are offering a $2,000 carpet allowance to make this home truly your own. Located in an outstanding neighborhood with easy access to the 51 freeway, you'll enjoy the nearby park, hiking trails, and the peace and quiet of a desirable location. Don't miss this opportunity to own a beautiful home in a prime spot!

2015 E Gaffney Road New River, AZ 85087

$675,000
3 Beds
2.5 Baths
2,368 SqFt
Status Active
MLS # 6744574
Property Type Single Family Residence
Price Type --
What a GEM! Nestled on a 2-acre corner lot, this beautiful home will impress you. Offering a desert landscape, 2-car garage, & RV parking. Discover a welcoming living room, formal dining room, and an inviting family room w/stove fireplace! Natural light filled the spaces, complemented by designer paint & wood-look flooring t/out. The exposed wooden beams give a rustic charm! The kitchen boasts tile counters & backsplash, recessed lighting, ample wood cabinetry, a breakfast bar, a walk-in pantry, and SS appliances such as a double oven. Main bedroom boasts a private bathroom & a walk-in closet. The fantastic backyard beckons with a covered patio, an exterior fireplace, & a fenced sparkling pool. The mountain views serve as a backdrop to your outdoor paradise! Don't miss it!

2976 E Clifton Avenue Gilbert, AZ 85295

$675,000
4 Beds
2.5 Baths
2,436 SqFt
Status Active
MLS # 6748122
Property Type Single Family Residence
Price Type --
This must be the place . . . perfect location, pristine pool, paid-off solar, and plenty of potential. This four bedroom paradise is for anyone who wants a property that has been thoughtfully maintained, while providing an opportunity to personalize. Brand new A/C, freshly painted exterior, and recent pool resurfacing are just a few of the reasons this is your next home sweet home.

6601 N 79th Place Scottsdale, AZ 85250

$675,000
2 Beds
2 Baths
1,472 SqFt
Status Active
MLS # 6758837
Property Type Townhouse
Price Type --
Wood Beam Vaulted Ceilings, Plantation Shutters and 2 Way Fireplace. Porcelain Wood Plank Flooring and tile throughout. Kitchen w/Stainless Steel Appliances. Granite Countertops, French Doors and Natural Bamboo Shades. Spacious Primary Bedroom with Double Door Entry and French Doors exit to Covered Patio. Walk in Closet. Custom Vanity Cabinets in Master and Guest Bath with Quartz Countertops. 2 Car Garage with loads of Storage Cabinets. Front Courtyard and low maintenance yard with hardscape. Complex has Heated Pool & Spa, Tennis Court and Next to Silverado Golf Course. Close to Old Town Scottsdale. New Water Heater 2/2020 & Roof Coated 1/2020.

29273 N 129th Avenue Peoria, AZ 85383

$675,000
2 Beds
2 Baths
1,925 SqFt
Status Active
MLS # 6751375
Property Type Single Family Residence
Price Type --
This SOLAR Nice floorplan is situated on an Extremely PRIVATE homesite with GOLF COURSE & MOUNTAIN VIEWS! Enjoy STUNNING WOOD FLOORING throughout (tile in baths & laundry). The Chef's Kitchen is remarkable - features HIGH-END Cabinetry w/ a CUSTOM glaze that are staggered w/ LARGER CROWN, dramatic GRANITE SLAB & BUILT-IN SS GAS APPLIANCES w/DOUBLE OVENS!! Both Baths are HIGHLY UPGRADED w/ CUSTOM TILE, stone c-tops & FRAMED MIRRORS. Covered patio SPACE brings the outdoors inside w/ a GAS fireplace w/ STONE ACCENTS. Enjoy MOUNTAIN VIEWS from the extended paver patio-back yard is fully fenced!! Add'l upgrades: cabinet built-in at den, soft water, RO, bay window, PLANTATION SHUTTERS, high-end fans/lighting/hardware thru-out. Garage has tons of storage & EPOXY FLOORS, Garbage enclosure & & another storage area outside. SMART SPACE with a huge workspace and plenty of STORAGE - This home has it all!

219 E Palomino Court Gilbert, AZ 85296

$675,000
4 Beds
2 Baths
2,287 SqFt
Status Active
MLS # 6749829
Property Type Single Family Residence
Price Type --
Luxurious Remodel in Gilbert! Discover this beautifully updated single-level home in Gilbert, offering a perfect blend of comfort and style. Recent renovations include: Master Suite: Indulge in a spa-like retreat with a separate shower, freestanding tub, & dual sinks. Modern Secondary Bathroom remodel with new fixtures & finishes including Shower/tub. Enjoy a clean & inviting home with Gourmet kitchen, granite countertops & stainless-steel appliances with lots of cabinets & pull outs. Beautiful Gas Fireplace. Beautiful New 24x48 Tile Flooring & New Carpet. Fresh Interior and Exterior paint throughout. Energy Efficiency new HVAC condenser & water heater Aug 2024. Outdoor Oasis backyard features a newly resurfaced Pool & tile. Synthetic grass for low-maintenance enjoyment. Read additional Additional Highlights Spacious 4-bedroom Split Floor plan layout, 3-car garage, Cul-de-sac, Corner lot, N/S Exposure, new ceiling fans in all rooms, covered patio. All new 4in Baseboards throughout home. Convenient location near Downtown Gilbert & Lifetime Fitness, restaurants & shopping. Don't miss this opportunity to own a stunning, move-in-ready home in a desirable neighborhood.

36076 N Vidlak Drive San Tan Valley, AZ 85143

$675,000
4 Beds
3.5 Baths
3,939 SqFt
Status Active
MLS # 6750864
Property Type Single Family Residence
Price Type --
**Seller will consider paying some concessions for buyer to buy down their interest rate, etc. ** Wow! Almost 4000 livable square feet. This home features 4 Bedrooms plus A Den, A Loft and An Entertainment/Game Room, 3.5 Baths and a Split 3 Car Garage. Very Nice Home that is Ready for you. Granite Countertops in Kitchen. White Staggered Shaker Cabinets with Pull Handles. Gas Cooktop. Mosaic Backsplash. Big Walk In Pantry. Center Island with Breakfast Bar. Stainless Steel Appliances. Refrigerator, Washer & Dryer are All Included. Tall Baseboards Throughout. Wood Like Flooring along with Beautiful Carpeting. Inviting and Manicured Backyard with Views.

29621 N 129th Lane Peoria, AZ 85383

$675,000
2 Beds
2 Baths
1,580 SqFt
Status Active
MLS # 6760570
Property Type Single Family Residence
Price Type --
STUNNING 'Monaco' model located on a gorgeous WASH LOT with partial GOLF COURSE VIEWS. This home has 2 Beds, 2 Baths + Den. Large, open floor plan is perfect for entertaining.Kitchen includes NEW LG French-door refrigerator, Premium Staggered Cabinets w/ convenient roll out drawers, trash/recycle, large pantry and R/O. PRIVATE BACKYARD boasts a COVERED PATIO with lovely TRAVERTINE Pavers. Patio overlooks a gorgeous HEATED POOL WITH WATERFALL, with Desert WASH & Partial GOLF COURSE view. FULLY FENCED wrought iron view fence. Resort living at its finest. PREPAID LEASED SOLAR-6.16 kW (Installed 2014) SheaXero Energy Efficient. EXTERIOR HOME, Fence & Garage Door PAINTED 2023. 4 FT. EXTENSION in garage, Epoxy & built in CABINETS, Softwater System & Pedestrian Door. Incredible CURB APPEAL! PAVER FRONT WALKWAY/PORCH, professionally landscaped with artificial turf in the front & back with PVC drip system & automatic timer. The den includes CUSTOM BUILT-IN bookshelves, work area, filing cabinet that overlooks the exquisite backyard & endless views. Both Bedrooms include CALIFORNIA CLOSETS Custom organizing systems, NEW TILE in Primary Bed and great views of backyard. Great Room has Custom built-in entertainment media center with crown molding, Surround sound with subwoofer. Perfect for entertaining inside & out. Make this dream home your own. This home is located in award-winning gated, 55+ Trilogy at Vistancia with 5-star-resort style amenities at the 35,000 SF Kiva Club with indoor & outdoor pools, fitness center, day spa, cafe, billiards, meeting rooms, library, tennis courts, pickle ball, bocce ball, events & a plethora of activities to choose from. Outstanding Gary Panks-designed golf course is woven throughout the original part of the neighborhood. The Mita Club has additional outstanding community amenities. Easy access from Trilogy to the 303, shopping, restaurants, entertainment, Lake Pleasant & Paloma Park, Peoria's huge community park loaded with amenities.

7279 E Sunset Sky Circle Scottsdale, AZ 85266

$675,000
2 Beds
2 Baths
1,986 SqFt
Status Active
MLS # 6763919
Property Type Townhouse
Price Type --
Be amazed by this 2-bed townhome in the Winfield Resort Community! This community offers fantastic amenities like pool, clubhouse, workout facility, & many more. First time on the market. Original Owner so very well maintained North/South exposure. Living/dining room has a bay window, while a media niche & fireplace in the family area. Large kitchen with lots of cabinets. This home is being sold through sellers trust so please give 24 hours for response on any offers. Easy to show.

4301 E Desert Marigold Drive Cave Creek, AZ 85331

$675,000
3 Beds
2 Baths
2,029 SqFt
Status Active
MLS # 6756055
Property Type Single Family Residence
Price Type --
LARGE PRICE REDUCTION FOR BACKYARD UPGRADES. MOTIVATED SELLER. Beautiful Tatum Ranch home on one of the largest lots in the neighborhood. Prime location situated at the end of a cul-de-sac that is walking distance to Desert Willow elementary school. Bright and open floor plan with 12 ft + ceilings. This home is an entertainers dream with large pool and cascading spa, sunken Tiki bar with a grill and tv. The perfect place to enjoy the AZ sunshine. Plenty of space in the yard for kids or pets. Also has an RV gate leading to a large paved area for additional parking if needed. Numerous upgrades in 2021-2022 include full roof replacement, two bathroom full showers and sinks, marble look ceramic floor tiles in kitchen and master suite, quartz kitchen countertops, dish-washer, carpet in two bedrooms, pool filter and pump motor, 52 ceiling fans with LED lights and remote control in all rooms, and more. Low maintenance landscaping with programmable irrigation system.

3125 W Steinbeck Drive Anthem, AZ 85086

$675,000
3 Beds
2.5 Baths
2,469 SqFt
Status Active
MLS # 6756716
Property Type Single Family Residence
Price Type --
Step into this breathtaking, upgraded property designed to impress from the moment you arrive! Spacious, elegant, paved front courtyard. Enter the cathedral ceiling entry to 24x24in diagonal tile that adds a touch of sophistication. Stunning, custom, kitchen has pendant lighting, glass decor iron pantry door, stylish backsplash, granite counters, extra large copper sink and so much more. Master has high ceilings & private exit to the backyard. Master BA has walk-in glass obscured shower w/ separate bath, double decorative glass sinks. The backyard is on a premium lot adjct to wash, w/ pavers, built-in bbq grill, & built-in seating for outdoor entertaining. Two guest rooms plus versatile bonus room upstairs. Garage has separate exit & mahogany cabinetry. Attention given to every detail!

7244 E Olla Avenue Mesa, AZ 85212

$675,000
4 Beds
2.5 Baths
2,913 SqFt
Status Active
MLS # 6766648
Property Type Single Family Residence
Price Type --
This inviting 4-bedroom, 3-bathroom, 2-story home is nestled in a sought-after community and offers an impressive 2,913 sq ft of spacious living. The home features a family room and loft, with sleek wood-like tile flooring throughout. High ceilings and huge windows makes the home airy and bright. The kitchen is equipped with a pantry, granite countertops, elegant wood cabinets, and an eat-in area, perfect for everyday meals and entertaining. Step outside to the covered patio, where you'll find a low-maintenance backyard with a sparkling huge salt water pool, pavers, and artificial grass. The community offers walking paths, a playground, and more, making this home a fantastic place to cultivate your dream home!

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