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

10348 E Tupelo Avenue Mesa, AZ 85212

$659,900

3 Beds

2.5 Baths

2,319 SqFt

Status Active

MLS # 6759378

Property Type Single Family Residence

Price Type --

Spacious home! Unique circular entrance with an open split floorplan. This is a must see 3 bedroom + den, roomy owners suite with dual vanities & bench shower. The 2 guest bedrooms share a Jack n' Jill bath with each bedroom having their own private vanity. Home also features a den, powder room, granite island kitchen and full wall granite backsplash with seating and upgraded cabinets, dining area, separate laundry and a 3 car garage. Floor upgrades and barely lived in, on an oversized lot with room for a pool, this home is located in a desirable location and walking distance to the Encore Club. (WHEW!!!) All this could be yours!

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1413 W Coral Reef Drive Gilbert, AZ 85233

$659,900

4 Beds

2.5 Baths

2,490 SqFt

Status Active

MLS # 6769275

Property Type Townhouse

Price Type --

This stunning waterfront villa is situated in the highly sought-after Coral Reef subdivision at The Islands. Featuring 4 bedrooms and 2.5 baths, the home offers breathtaking lake views from the master bedroom, family room, and dining room. The first floor and all bathrooms are adorned with elegant Travertine flooring. Enjoy your morning coffee or evening sunsets on the patio, located right by the water's edge. The community pool is just steps away, making this home not only a place to live, but a lifestyle to embrace.

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12926 W Katharine Way Peoria, AZ 85383

$659,900

2 Beds

2 Baths

1,925 SqFt

Status Active Under Contract

MLS # 6732085

Property Type Single Family Residence

Price Type --

**Price Reduction of $10,000.**Resort Living in this Highly Upgraded Popular ''Nice'' Model, Features a Stainless Gourmet Chefs Kitchen with 36'' Kitchen Aid INDUCTION Cook Top, Wall Oven, Microwave, Granite Counters, Pendant lighting, Decorator Backsplash, Large Sink, Roll Out Shelves & Under Counter Lighting. Great Room features Entertainment Wall w/ Floating Shelves, Stone & FP. Wood Floors in Great-room, DR & Den. Crown Molding & Shutters. Granite & Cabinets in Smart Room W/Sink, Beverage Cooler & BI Desk. Bathrooms Boast Granite Counters, Framed Mirrors & His/Her Vanities in Master. Large Entertainers Private Backyard w/ Multiple Paver Patios for Social Functions. A Covered Patio W/ Commercial Misters, B/I Sundance Spa, Gas Firepit, Fountain, Outdoor Kitchen, Synthetic Grass, Mature Plants & Mountain Views, Custom Glass & Iron Front Door. Garage features Wall of Cabinets for your Storage Needs, Epoxy Floors, New Garage Door Opener, Service Door to Enclosed Trash area. Paver Driveway and Walk Ways. Many upgrades in this Beautiful home. Interior painted in 2023, Exterior painted in 2020, New Water Heater 8/2024

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2071 E Remington Place Chandler, AZ 85286

Open House

$659,900

4 Beds

2.5 Baths

2,378 SqFt

Status Active

MLS # 6778065

Property Type Single Family Residence

Price Type --

Charming Chandler home with 4 spacious bedrooms, 2.5 bathrooms, a den, & a loft, there's plenty of room for everyone. The kitchen is complete with a granite island, ideal for entertaining. The spacious master suite features a private gas fireplace, laminate wood flooring, his-and-hers built-in dressers, and a large walk-in shower. Step into your resort-style backyard with a covered patio, separate ramada, built-in gas BBQ, firepit, specialty lighting, planters, and a play pool with a waterfall. Low-maintenance synthetic grass keeps it easy year-round. The property also includes a 3-car garage, RV gate, and extra parking slab. Located on a quiet cul-de-sac near parks and greenbelts!

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44811 N 12th Street New River, AZ 85087

$659,800

3 Beds

2 Baths

2,072 SqFt

Status Active

MLS # 6768506

Property Type Single Family Residence

Price Type --

Acre+ Private Santa Fe Territorial Home with 10 ft soaring ceilings. Awesome mountain and desert views with a private setting to enjoy and relax in the AZ Climate. Home features 3 bedrooms 2 baths, fireplace, 2.5 car garage, den, and fireplace. Spacious primary bedroom with large walk in closet. Primary bath has large garden tub, Huge Seperate shower, and double vanity sinks. Open floorplan with Great Rm concept featuring large picture windows, fireplace, and 10ft + beamed ceilings. Loads of sspace for all your toys and vehichles. No hoa.

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25137 N 171st Avenue Surprise, AZ 85387

$659,535

4 Beds

3 Baths

2,065 SqFt

Status Active

MLS # 6776933

Property Type Single Family Residence

Price Type --

MLS# 6776933 March Completion! Choose the exterior that speaks to you! Then, head through the porch and into the foyer to find three bedrooms and one bathroom on this side of the home. Across the foyer is a laundry room, an additional bedroom and bathroom, and the entry to your two-car garage. Keep going to discover beautiful open concept living: a great room flows to a casual dining area, kitchen with an island, and covered outdoor living, the perfect spot for hosting! Tucked away is a serene primary suite with a spa-inspired bathroom and spacious walk-in closet. Structural options include: paver front porch, 12' x 8' 8' multi-slide door at gathering, super shower at primary bathroom, gourmet kitchen, and study in lieu of bedroom 2.

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20574 S 194th Place Queen Creek, AZ 85142

$659,500

4 Beds

2.5 Baths

2,596 SqFt

Status Active

MLS # 6679596

Property Type Single Family Residence

Price Type --

This stunning single level home features a large eat in kitchen, walk-in pantry, great room, and flexible bonus/den/dining room. The luxurious primary suite includes a large bathroom with separate vanities, soaking tub and a huge walk-in closet. The laundry room has access from the primary closet and secondary bedrooms hallway. The main living areas have wood-look tile, with cozy carpet in the bedrooms. This home is beautifully appointed with double ovens and granite counters in the kitchen, raised vanities in the bathrooms, double sinks in the 2nd bath and plantation shutters throughout. Easy maintenance back yard and desert landscaped front yard. Backyard is plumbed for natural gas - perfect for a BBQ. 3 car tandem garage is plumed for water softener. Washer/dryer included.

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20677 N 16th Way Phoenix, AZ 85024

$659,100

3 Beds

2.5 Baths

2,488 SqFt

Status Active

MLS # 6738436

Property Type Single Family Residence

Price Type --

Amazing opportunity in Phoenix, AZ. Single level home with approximately 2,488 square feet. Includes a three-car attached garage. The home sits on a lot of approximately 11,976 square feet. Buyers check with City, County, Zoning, Tax, and other records to their satisfaction. AS-IS Sale.

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15716 W Sierra Street Surprise, AZ 85379

$659,000

5 Beds

3.5 Baths

4,035 SqFt

Status Active

MLS # 6725319

Property Type Single Family Residence

Price Type --

Discover luxury living in this well maintained home built in 2007, nestled in the heart of Greer Ranch North. Boasting 5 bedrooms and 3.5 bathrooms, this residence offers ample space for both relaxation and entertaining. Step inside to find a versatile den, ideal for a home office or study, complemented by a formal living and dining area. The family room provides a cozy retreat, perfect for gatherings. Upstairs, a generous bonus loft offers additional flexibility, whether used as a play area, media room, or second family room. The heart of this home lies in its lovely kitchen, with granite countertops, and a convenient island for casual dining. Adjacent is a spacious breakfast nook, overlooking the tranquil backyard oasis.

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11620 S 217th Avenue Buckeye, AZ 85326

$659,000

4 Beds

3.5 Baths

2,467 SqFt

Status Active

MLS # 6762379

Property Type Single Family Residence

Price Type --

Be the proud owner of this residence sitting on a 1-acre lot with amazing mountain views! The double custom ironwork doors open to a semi-open layout featuring vaulted ceilings, durable tile flooring, neutral paint, and gorgeous light fixtures. Entertain your guests in the living area or host a feast in the formal dining! The kitchen showcases quartz counters, SS appliances, a stylish backsplash, cabinetry w/crown moulding, and a center island w/breakfast bar. The main bedroom is a true retreat, with its ensuite boasting dual sinks and a walk-in closet. Discover an expansive backyard that provides a covered patio, artificial turf, well-laid pavers, a Ramada w/built-in BBQ, an additional pergola, and a barn/stalls for your horses. This is the one for you! Don't wait!

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19700 N 76th Street Unit 2160 Scottsdale, AZ 85255

$659,000

2 Beds

2 Baths

1,843 SqFt

Status Active

MLS # 6766181

Property Type Townhouse

Price Type --

Come enjoy the fantastic lifestyle of Village at Grayhawk in one of the best kept units in the complex! This is a move in ready property with recent upgrades to all mechanical items and appliances. Gorgeous master bath remodel completed recently as well. You'll love the open floor plan which offers split bedrooms and generously sized office. Quiet, peaceful and private location. Full two car garage. Don't miss this one.

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11214 W Sunflower Place Avondale, AZ 85392

$659,000

4 Beds

2 Baths

2,382 SqFt

Status Active

MLS # 6763884

Property Type Single Family Residence

Price Type --

GARDEN LAKES! Do you want a house with some character on the lake? Enjoy the comforts of this single story, lake front home with low Maintenace landscape and private deck to dock the peddle boat (INCLUDED) along with outdoor furniture to enjoy the outdoor wildlife and or catch and release fishing. Large spacious rooms with vaulted ceilings with wood beams and lots of natural light and expansive lake views. New A/C unit 2yrs old, with a Nest Thermostat, Newer Roof 4yrs old, updated kitchen, updated main bedroom bath, and other custom features. New carpet to be installed or credit to buyer for flooring. Buyer incentives with respectable offer. Motivated Sellers, owners relocating out of the country so personal items also negotiable. This is a must see!

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