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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22803 S 215 Street Queen Creek, AZ 85142

$675,000 - 4Br/3Ba -  for Sale in Villages At Queen Creek Phase 2a Parcel 11b, Queen Creek
Open House
$675,000
4 Beds
2.5 Baths
2,702 SqFt
Status Active
MLS # 6780283
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated home that seamlessly combines contemporary style, energy efficiency, and a prime location. From the moment you step inside, you'll be captivated by the vibrant, modern feel, with soaring ceilings and elegant architectural details throughout. The newly squared doorways, along with freshly painted interiors, create a fresh, inviting atmosphere. The home has been thoughtfully updated enhancing its stylish, turnkey appeal. The kitchen is a standout feature, boasting granite countertops, a custom tile backsplash, stainless steel appliances, including a brand-new dishwasher, and custom cabinetry. A spacious pantry is ready to accommodate all your culinary needs, whether you're shopping at Costco or whipping up (click more) gourmet meals at home. The large primary suite offers a true retreat, featuring a spa-like bathroom with modern barn doors and breathtaking views of the golf course and mountains. It's the perfect place to unwind and enjoy peace and tranquility. The guest bedrooms are generously sized and offer plenty of storage, while the stylish bathrooms ensure comfort for family and visitors alike. A versatile office or loft space offers flexibility for your needswhether you're working from home or relaxing in your personal sanctuary. Step outside to discover a spectacular backyard with a beautiful pool, lush artificial turf, and multiple lounging areas that provide both sun and shade. Whether you're hosting friends, soaking up the sun, or enjoying a quiet moment at sunset, you'll be surrounded by breathtaking golf course and mountain views. Energy efficiency is key in this home, which is equipped with a new solar panel system, HVAC systems (2), and a new roof, lowering your energy costs and your carbon footprint while adding to the overall appeal. Community Amenities: Golf Pickleball Tennis Pool (heated) Fitness center Community events This home truly has it allstyle, comfort, energy efficiency, and a prime location with incredible views. Whether you're looking to entertain or relax, this home offers everything you need for modern living in a vibrant, welcoming community. Don't miss your chance to own this incredible home! Come tour today!

4526 E Carob Drive Gilbert, AZ 85298

$675,000 - 2Br/2Ba -  for Sale in Trilogy Unit 8 Phase A, Gilbert
Open House
$675,000
2 Beds
2 Baths
2,114 SqFt
Status Active
MLS # 6779903
Property Type Single Family Residence
Price Type --
Very Special ''Agave'' model floor plan with POOL located in the active 55 plus adult community of Trilogy at Power Ranch. This home features 2 bedrooms, 2 baths, a den with built-in twin murphy beds (2) and desk, plus a formal dining room. The great room has a wall of windows overlooking the backyard. The kitchen has a large granite island, gorgeous cabinetry, pendant lighting and walk-in pantry. The perfect area for entertaining, or for a person who loves to cook. Just off the kitchen is a laundry room with lots of cabinets for storage. The master bedroom has windows overlooking the pool and backyard, plus its own bath with double sinks, custom lighting, walk-in shower, and large master closet. The guest room is located on the opposite side of the home giving all parties privacy. It has a tub/shower and is adjacent to the guest bedroom. The garage has built-in cabinets for extra storage. The backyard has artificial turf, covered patio, custom pavers, plus POOL and fully fenced backyard. The perfect area to relax and enjoy. Come see this wonderful home and all this community has to offer which includes golf, tennis, pickle ball, pools, workout facility, Bocce, and so much more.

4518 E Hopi Street Phoenix, AZ 85044

$675,000 - 5Br/3Ba -  for Sale in Center Court At Ahwatukee, Phoenix
Open House
$675,000
5 Beds
3 Baths
2,399 SqFt
Status Active
MLS # 6777929
Property Type Single Family Residence
Price Type --
AHWATUKEE! South Mountain Views! 5 bedrooms! Pool! Corner lot! This wonderful home sits in the heart of Ahwatukee. Living here gives easy access to I-10, AZ 202, downtown Phoenix, Sky Harbor, ASU, Tempe & Chandler. This great location is close to South Mountain Park, dining, shopping, private park, public parks, golf, farmer's market and schools (public, private & charter). 5 bedrooms / 3 bathrooms / 2 car garage / pool / covered patio / solar is owned / kitchen island / privacy (corner lot with arroyo behind) / wood floors / open floor plan / many updates / gardening opportunity / in-ground fire pit. This fantastic home is waiting for you!

12603 W Blackstone Lane Peoria, AZ 85383

$675,000 - 5Br/4Ba -  for Sale in Vistancia Village A Parcel A32, Peoria
Open House
$675,000
5 Beds
4 Baths
2,943 SqFt
Status Active
MLS # 6762420
Property Type Single Family Residence
Price Type --
Beautifully Upgraded 5 Bed 4 Bath home with attached Casita with a separate entry door. This move in ready home has 2943 Sqft. of total living space. There is one bedroom on the main floor, along with a separate bathroom that has a shower/tub combo. The Casita has an additional bedroom. The kitchen includes Granite Countertops, Stainless Steel kitchen appliances, upgraded kitchen cabinets, a spacious pantry, and kitchen island with separate breakfast bar. and a separate formal dining room. There is a large Great room for family enjoyment too. Upstairs has 3 bedrooms and a good sized loft with a separate small workspace/craftroom . The laundry room comes with extra storage cabinets. The backyard provides an extended covered patio with paver flooring. Next to it is a built -in, gated, private pool with water feature. The garage has built-in cabinets and a water softener connected to the main waterline. Located in the sought-after Vistancia community, residents enjoy access to a plethora of amenities including parks, trails, a gym, 3 pools, waterslides, tennis & pickleball courts!

8319 E Palm Lane Scottsdale, AZ 85257

$675,000 - 4Br/2Ba -  for Sale in Cox Heights 2 Lot 117-269, 289-296, Scottsdale
Open House
$675,000
4 Beds
2 Baths
1,450 SqFt
Status Active
MLS # 6781523
Property Type Single Family Residence
Price Type --
Beautifully remodeled 4-bedroom, 2-bathroom home in the heart of Scottsdale! This stunning residence boasts a modern, upgraded kitchen with high-end finishes, perfect for cooking and entertaining. 4 bedrooms that offer ample comfort, while stylish bathrooms adding a touch of luxury. Step outside to a large backyard, ideal for family gatherings, with endless potential for outdoor enjoyment. Located minutes from Scottsdale's top shopping, dining, and entertainment spots, this home perfectly balances style, comfort, and convenience. Make this gem your oasis in one of Scottsdale's most desirable neighborhoods!

1702 E Libra Drive Tempe, AZ 85283

$675,000 - 4Br/2Ba -  for Sale in Bradley Place, Tempe
Open House
$675,000
4 Beds
2 Baths
2,890 SqFt
Status Active
MLS # 6754260
Property Type Single Family Residence
Price Type --
This spacious 4 bedrooms, 1.75 bathrooms home is nestled on a large, corner lot at the end of a cul-de-sac with No HOA. Home has a 2 car garage, additional 2 car slab parking AND RV gate with lots of space to park an RV or recreational toys. Home features formal living and dining rooms plus a family room with wood-burning fireplace. The kitchen overlooks the family room and has granite countertops, breakfast bar and stainless steel appliances. The primary bedroom has en suite bathroom and French doors that lead to the backyard. The backyard is built for entertaining with built-in grill and bar and expansive covered patio. There is a full-on workshop in the backyard with power and lights. Convenient Tempe location and short walk or ride to K-12 schools, city parks, bus stop or Tempe's Orbit transit stop. Within a pedestrian & bike friendly community, home is a short distance the Western Canal path & Tempe Kiwanis Park. Just minutes from major shopping, dining, East Valley freeways, ASU Research Park approximately 20 minute commute to Sky Harbor Airport and so much more!

930 E San Juan Avenue Phoenix, AZ 85014

$675,000 - 3Br/3Ba -  for Sale in Townhouse Terrace 1, Phoenix
Open House
$675,000
3 Beds
3 Baths
1,903 SqFt
Status Active
MLS # 6766402
Property Type Single Family Residence
Price Type --
Location and Charm!! You do not want to miss this beautiful 3 bed/ 3 bath home nestled in the HEART of Uptown Phoenix. Highly coveted Madison School District! Cozy wood flooring and modern concrete floors will guide you throughout this well-designed residence. Your new kitchen awaits, with gorgeous granite countertops, stainless steel appliances and rich cabinetry, with a large walk-in pantry to store all of your cooking essentials. The primary suite and expansive walk-in closet, with welcoming natural light will surely impress! Your primary ensuite will provide double vanities, separate shower and a massive jetted tub! Entertain family and friends in your privately paved backyard with string lighting and mature trees, to set the mood for any occasion. The backyard storage shed could potentially be transformed into your very own casita or backyard office space, already equipped with electricity! The possibilities are at your fingertips. This home is ready for it's new owner, so book a private tour today!

7026 E Vernon Avenue Scottsdale, AZ 85257

$675,000 - 3Br/2Ba -  for Sale in Oak Ridge 2, Scottsdale
Open House
$675,000
3 Beds
2 Baths
1,396 SqFt
Status Active
MLS # 6762949
Property Type Single Family Residence
Price Type --
Check out this luxurious remodeled home, located just minutes from Scottsdale Fashion Square and Old Town, offering lively restaurants and nightlife. This stunning home offers exclusivity and convenience. Set on nearly a quarter-acre lot, this 3-bedroom, 2-bath residence boasts an open-concept layout with high-end finishes throughout. The gourmet kitchen features top-of-the-line appliances, perfect for entertaining. The private backyard is a true oasis with a sparkling pool, covered patio, and an abundance of space to relax or host gatherings. With its ideal location and beautiful design, this home perfectly blends style and comfort.

21276 W Sycamore Drive Buckeye, AZ 85396

$675,000 - 4Br/3Ba -  for Sale in Verrado Phase 3 North Unit 3 Parcel 5.504, Buckeye
Open House
$675,000
4 Beds
2.5 Baths
3,039 SqFt
Status Active
MLS # 6765959
Property Type Single Family Residence
Price Type --
Prepare to be captivated by this gorgeous single-level home in Verrado Community! The façade offers a 3-car garage w/attached cabinets, paver driveway, & a gated courtyard. Impressive interior includes a large living room, formal dining room & a perfectly flowing great room adorned w/surround sound. Well-appointed kitchen is equipped w/recessed & pendant lighting, ample cabinetry w/crown molding, built-in appliances, a pantry, granite counters, a prep island w/a breakfast bar & a mosaic tile backsplash. Exterior paint updated in 2023. Make the open den a game area/study. Owner's retreat provides an ensuite w/two vanities, Kitchen cabinets with slide outs. Spacious backyard w/a covered patio, pergola and artificial turf. HVAC less than a year. Paid solar System. This is a Gem!

13280 S 183rd Avenue Goodyear, AZ 85338

$675,000 - 5Br/3Ba -  for Sale in Estrella Mountain Ranch, Goodyear
Open House
$675,000
5 Beds
3 Baths
3,315 SqFt
Status Active
MLS # 6770072
Property Type Single Family Residence
Price Type --
Welcome to your dream home in highly desired Estrella Mountain Ranch. This multi-level beauty has space for everyone with 3315 sq ft, featuring 5 bedrooms and 3 full baths on a huge 1/4 acre lot. An amazing backyard makes entertaining easy with the large swimming pool, hot tub, putting green and two patios to enjoy it all. Back inside, the beautiful kitchen boasts upgraded cabinetry, granite countertops, a center island and stainless-steel appliances. You will enjoy both formal and informal dining along with living and family room options. This home continues to impress with large bedrooms, walk-in closets, and ample storage everywhere you look. The primary bedroom is huge with great natural light and features both a walk-in shower, large soaking tub and an impressive closet. The laundry room has additional cabinetry along with a laundry sink, while the oversized 3 car garage features custom cabinets for even more storage. This home keeps on giving with a freshly painted interior and exterior, along with new tile flooring throughout! Estrella is a top-ranking master planned community with highly rated schools and a reputation for excellence. As a resident, you will enjoy Estrellas two community centers with community pools and splash pads, along with pickleball, tennis, basketball, and fitness centers, in addition to some of the most pristine hiking and biking trails in the valley along with a professionally managed golf course. This exceptional home and community has it all.

538 N 74th Street Scottsdale, AZ 85257

$675,000 - 4Br/2Ba -  for Sale in New Papago Parkway 13 Lots 779-912 & Tr J, Scottsdale
Open House
$675,000
4 Beds
2 Baths
1,882 SqFt
Status Active
MLS # 6753424
Property Type Single Family Residence
Price Type --
Stunning fully remodeled home located in a highly desirable neighborhood in Scottsdale and NO HOA! This house boasts an open concept design blended with modern luxury. The kitchen features high-end stainless-steel appliances, quartz countertops, custom cabinetry and a spacious island. With all new flooring, fixtures, and finishes throughout, this home is move-in ready. The home's exterior has a custom designed yard. Located just minutes from Scottsdale's shopping, dining, and entertainment.

6351 E Waltann Lane Scottsdale, AZ 85254

$674,999
3 Beds
2 Baths
1,587 SqFt
Status Active
MLS # 6755121
Property Type Single Family Residence
Price Type --
Looking for a MOVE IN ready home in the magic zip code of 85254? THIS IS IT! Welcome to Waltann Ln .. an updated 3 bedroom, 2 bath home ready for you to bring your clothes, put up your feet, relax and enjoy. With an open floor plan .. but plenty of separate spaces .. a fantastic kitchen that overlooks the backyard and den .. and perfectly sized bedrooms .. this home is perfect as a primary home, a home away from home or as an investment property. In the backyard, you'll find a refreshing play pool, an above ground hot tub, fire pit and a fantastic covered patio for some al-fresco dining. With NO HOA, easy access to the 101 and 51 and minutes from the amazing shopping and dining at Kierland, Scottsdale Quarter and Desert Ridge .. Waltann Ln is sure to be the one.

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