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.”

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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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19303 E Apricot Lane Queen Creek, AZ 85142

$675,000
3 Beds
2.5 Baths
2,386 SqFt
Status Active Under Contract
MLS # 6747333
Property Type Single Family Residence
Price Type --
**LOCATION! LOCATION! LOCATION!** Located on the boarder of Gilbert & Queen Creek, nestled in a quiet cul-de-sac, You will find this beautiful 3 bedroom 2.5 bath w/ den luxurious home. With no neighbors behind, the home backs onto a lush greenbelt, providing uninterrupted views that create a serene and park-like atmosphere. Every detail of this exquisite residence has been meticulously crafted and upgraded by a professional designer, ensuring that each element complements the home's sophisticated style. Step inside to discover a space where modern design meets timeless elegance. The updated kitchen is the heart of the home, boasting new quartz countertops that extend to the butler's pantry, new painted cabinets, a sleek new sink, and a striking gold faucet that adds a touch of luxury. Brass hardware and a new backsplash that reaches to the ceiling complete the look, making this kitchen as functional as it is beautiful. Custom pullout drawers in the kitchen cabinets, master bathroom cabinets, and laundry room cabinets offer smart storage solutions, maximizing both space and convenience. This one story gem, with unparalleled views is a RARE find. The combination of professional design, high-end upgrades and location that offers both privacy and beauty makes this home a standout in any market! Don't miss the opportunity to make this extraordinary property your own - a place where luxury living meets natural serenity!

2152 E Cathy Court Gilbert, AZ 85296

$675,000
4 Beds
3 Baths
2,291 SqFt
Status Active Under Contract
MLS # 6758842
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This freshly painted 4-bedroom, 3-bath gem is perfect for anyone looking to enjoy comfort and style. Step inside to discover brand-new tile flooring throughout, giving the home a fresh, modern feel. The spacious eat-in kitchen boasts designer cabinet finishes, sleek granite countertops, and a large pantry—ideal for those who love to cook and entertain. The expansive master suite offers a private retreat, complete with a huge master bath featuring a luxurious walk-in shower. Additionally, there's a versatile den and office space, perfect for work or relaxation. Outside, unwind by the pool while soaking in the stunning Arizona sunsets or immerse yourself in the hot tub on those cool AZ winters nights. The low-maintenance artificial turf and a sizeable side yard provide plenty of outdoor space without the hassle. For some peace of mind, updated new pool pump system, new roof and new carpet. Come see this beautiful home, make it your home sweet home.

4324 E Vallejo Court Gilbert, AZ 85298

$675,000
4 Beds
3 Baths
2,640 SqFt
Status Active Under Contract
MLS # 6760716
Property Type Single Family Residence
Price Type --
Beautifully well maintained Picasso floorplan by Shea in desirable Seville. This home features 4 bedrooms, 3 full bathrooms, large loft, den, 3 car garage, a guest bedroom, and full bathroom downstairs. Open floor plan with living room, dining room, huge family room and eat in kitchen create the perfect space for entertaining. Kitchen features granite countertops, gas stove and stainless steel appliances. Primary bedroom has a large bathroom with separate tub and shower, walk in closet and double sinks. Additional 2 bedrooms, full bathroom, loft and den upstairs. Laundry room with built in additional storage and room for a 2nd fridge. Backyard features beautiful swimming pool with covered patio.

9709 E Mountain View Road Unit 1701 Scottsdale, AZ 85258

$675,000
2 Beds
2 Baths
1,644 SqFt
Status Active Under Contract
MLS # 6769773
Property Type Single Family Residence
Price Type --
Corner location, fabulous private spacious courtyard in The Racquet Club at Scottsdale Ranch! Plenty of light in this open floorplan with with high ceilings and great windows, french doors and an inviting fireplace. The formal dining room has mirrored walls for a spacious feel, glass windows into courtyard. Perfect for hosting memorable dinner gatherings or reading in the shade of mature trees. The kitchen boast granite counters, ample cabinetry with crown moulding, a stone tile backsplash, chic pendant lighting, SS appliances, a handy pantry, and an island with a breakfast bar for casual dining. The main bedroom includes plantation shutters, direct backyard access, an ensuite with dual sinks, and a walk-in closet. Charming home close to restuarants, shopping & Honor Health hosp and Mayo

10215 W Gambit Trail Peoria, AZ 85383

$675,000
4 Beds
3 Baths
2,192 SqFt
Status Active Under Contract
MLS # 6773300
Property Type Single Family Residence
Price Type --
Welcome to Northlands Passage in North Peoria, best value for the money in the area, where the skies are bigger and the sunset glow fills the sky with radiant pink, yellow, orange and purple hues. Step outside every morning and view the beautiful Calderwood Butte out your front door and back patio, plus with the trail head right down the street you'll get the full enjoyment of this very special home in a very special community. Step inside this Albany Model by Taylor Morrison, with 2192 sq.ft. of interior living space, 4 BEDS + 3 BATHS and a 3 CAR Garage.

8619 E Thornwood Drive Scottsdale, AZ 85251

$675,000
4 Beds
2 Baths
2,039 SqFt
Status Active
MLS # 6775667
Property Type Single Family Residence
Price Type --
You will LOVE this charming brick Hallcraft home near Old Town Scottsdale. A RARE find in this neighborhood - it not only has 4 bedrooms & 2 baths, but also a 2 car garage PLUS a 300 sq ft workshop/bonus room with laundry. That room is untapped potential! It has a private entrance from the backyard & would make the PERFECT detached home office, yoga/exercise room, art or pottery studio, a wood-worker's dream, game/movie/billiards room - you name it! Create the dream space that fits your lifestyle & needs - especially if you add a mini-split A/C & make that space temperature controlled! The charming eat-in kitchen was just completely remodeled in 2024. Beautiful white shaker cabinetry with stunning quartz counters, an apron front farmhouse sink, & new light fixtures. Stainless steel ... appliances - refrigerator included! GORGEOUS brand new wood plank vinyl floors & tall baseboards throughout the home plus neutral tile in the bedrooms & bathrooms - NO carpet! New front door plus security screen door, new kitchen door to side yard, & new slider door from bedroom #4 to front courtyard. Fresh exterior paint! No 'big ticket' projects needed here since the following items were done ... roof (2011), A/C (2015), water heater (2016), both bathrooms remodeled (2016), & more! The primary suite has his/hers closets with European opaque slider doors. One of the spacious secondary bedrooms has the new slider door to the home's front entry courtyard. Another one of the spacious secondary bedrooms has a charming window seat bench. Dual pane windows, w/d included, RV gate & much more! Enjoy relaxing with family or entertaining friends in the peaceful, private backyard with serene patio spaces & custom shade sail covers. Enjoy your own lush pomegranate & fig trees. NO HOA! The home is PERFECTLY located close to everything that makes living in Scottsdale great! Great restaurants, shopping, entertainment, sports complexes, walking/biking trails, parks, recreation, wonderful schools, easy freeway access, & MORE! Tour today & you will want to call this house home!

16159 W Granada Road Goodyear, AZ 85395

$675,000 - 3Br/3Ba -  for Sale in Palm Valley Phase 8 South Parcel, Goodyear
Open House
$675,000
3 Beds
2.5 Baths
2,564 SqFt
Status Active
MLS # 6723929
Property Type Single Family Residence
Price Type --
Gorgeous 3 beds, 2.5 bath with a den/office single level home with all the bells and whistles! Open concept kitchen flows out to the great room for easy entertaining. Elegant granite countertops, large kitchen island, maple cabinets, upgraded drawer/cabinet pulls, stainless steel appliances, and recessed lighting. Upgraded tray ceilings in formal dining room & master bedroom, TWO fireplaces, and private courtyard entrance. Master bathroom offers a separate shower & soaking tub, and dual sinks, and walk in closet. Easy to maintain backyard complete w/ pavered area & walkway. Walking distance to community greenbelts & play area. This home is truly move in ready!

2167 E Browning Place Chandler, AZ 85286

$675,000 - 3Br/3Ba -  for Sale in Rio Del Verde, Chandler
Open House
$675,000
3 Beds
3 Baths
2,322 SqFt
Status Active
MLS # 6777403
Property Type Single Family Residence
Price Type --
'Temporary 1-0 Buydown offered by preferred lender for qualified buyers.' Don't miss the opportunity to own this stately home in an ideal S Chandler location, offering 3 bedrooms plus a den with murphy bed and 2 baths. Enjoy 10 foot ceilings adding to the feel of space & grandeur. This wonderful home includes a split floorplan w/ separate entrance into the secondary bedrooms & bath for the ultimate luxury of privacy. This is ideal for guests or multigenerational living arrangements. The ample open kitchen includes RO, maple cabinets, granite counter tops & includes tons of storage and counter space, perfectly lending it to large gatherings. Enjoy a sizeable and serene primary suite complete with an en-suite bathroom including separate shower enclosure & tub as well as private toilet room The home has everything to suit a new owner including the addition recently of a new HVAC. The backyard is ideal for entertaining with a pebble-tec pool thoughtfully adorned with shades to protect everyone from the intense summer sun. All this and just a few minutes from the 202, 101, Downtown Chandler, Downtown Gilbert, Chandler Fashion Park, restaurants and so much more!!

7318 E Palo Verde Drive Unit 16 Scottsdale, AZ 85250

$675,000 - 2Br/2Ba -  for Sale in Villa Palo Verde, Scottsdale
Open House
New
$675,000
2 Beds
2 Baths
1,489 SqFt
Status Active
MLS # 6782873
Property Type Townhouse
Price Type --
This easy-to-maintain, single-level townhome is nestled in the Villa Palo Verde community, just minutes from the vibrant heart of Old Town Scottsdale. Offering 2 bedrooms, 2 bathrooms, a den, and a 2-car garage, this home is perfect for year-round living, a second home retreat, or an investment property (with min. 3-month rental). Step through the private, gated courtyard into the great room, where wood plank ceilings and skylights create a light atmosphere. The home features tile flooring throughout, a cozy wood-burning fireplace, and granite tile counters in the kitchen. Recent updates include a new HVAC system (2021), water heater (2022), and freshly recoated flat roof (2023). Relax on the large patio or take a short stroll across the street to the community pool.

312 E Minton Drive Tempe, AZ 85282

$675,000 - 3Br/2Ba -  for Sale in College Park Unit 1, Tempe
Open House
$675,000
3 Beds
2 Baths
1,909 SqFt
Status Active
MLS # 6781649
Property Type Single Family Residence
Price Type --
Welcome to this fully renovated home in the best part of Tempe, offering easy freeway access to get everywhere. The spacious kitchen features an eat-in island, perfect for casual dining and gathering. Included is a second hidden prep sink for complex meals or cleaning up while hosting! Step into the backyard, where a sparkling pool and expansive covered patio await. Fantastic for entertaining guests or simply relaxing on cool evenings. With mature palms, raised planter beds, and an array of luxury features designed for comfort and fun, this home is perfect for those looking to enjoy the best of Tempe living! This permitted renovation includes tons band new systems like insulation, windows, plumbing, sewar lateral, pool equipment, and more. You'll enjoy years of low-maintenance bliss

1676 W Cavedale Drive Phoenix, AZ 85085

$675,000 - 3Br/2Ba -  for Sale in Fireside, Phoenix
Open House
New
$675,000
3 Beds
2 Baths
1,889 SqFt
Status Active
MLS # 6783266
Property Type Single Family Residence
Price Type --
Welcome to Fireside, where community and convenience meet! This 3-bedroom + office, 2-bath home offers a warm, inviting space perfect for couples or small families. Nestled in a vibrant community, residents enjoy access to top-notch amenities, including a sparkling pool, children's water play area, tennis courts, rock climbing wall, fitness center, and regular community events. Inside, the open layout flows seamlessly, making it perfect for gatherings. Step outside to a spacious backyard with brand-new turf, ideal for outdoor games and relaxation. With quick access to Highway 17 and proximity to Taiwan Semiconductor, this home combines comfort and connectivity. Fireside awaits you! Don't miss this one.

15881 W Berkeley Road Goodyear, AZ 85395

$675,000 - 3Br/3Ba -  for Sale in Palm Valley, Goodyear
Open House
New
$675,000
3 Beds
2.5 Baths
1,911 SqFt
Status Active
MLS # 6782706
Property Type Single Family Residence
Price Type --
This former model home is an absolute dream and has it all. Move in ready at its finest. Upgraded Anderson windows. Exterior screen doors on East side of home and front door, Custom Shutters and blinds, Remote shade on front door, New kitchen lighting, Epoxy Coated oversized garage flooring with 3 storage areas and an office, Patio door with second bottom lock, Newer AC unit, Reverse Osmosis Water System, Soft water System, Waterless Tank Hot water Unit new in 2023, Extra insulation above garage, Hot tub, 1 yr old washer and dryer set, inside and outside of home has been painted in the past 5 yrs, 3 elevated garden beds at side of house and Orange, Lime and Grapefruit trees. Firepit, Pool with water features, Garage office can also be converted into a golf cart garage, Garage has A/C

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