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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617 S Paradise Drive Gilbert, AZ 85233

$659,000 - 3Br/3Ba -  for Sale in Coral Point Replat Lot 1 & 2, Gilbert
Open House
$659,000
3 Beds
2.5 Baths
2,156 SqFt
Status Active
MLS # 6742305
Property Type Single Family Residence
Price Type --
Welcome to Paradise! This Home is move in ready & located in The Gated Falls Community (only gated waterfront community in the Islands). This Home backs up to the most gorgeous waterfalls! The interior of this home boasts vaulted ceilings, a formal dining room, and a kitchen with stainless steel appliances. The formal dining room can only be beaten by the incredible view as you gaze through the windows. Amenities include Private Falls Pool, Hot Tub & Gazebo w/ BBQ, sink entertainment area, restrooms, & lake access to fish (catch/release).kayaks, paddle boards. The HOA takes care of front and back yard landscaping and paints the exterior of the home..

2301 E Nisbet Road Phoenix, AZ 85022

$659,000 - 4Br/2Ba -  for Sale in Greenway Estates No. 2, Phoenix
Open House
$659,000
4 Beds
2 Baths
1,958 SqFt
Status Active
MLS # 6778393
Property Type Single Family Residence
Price Type --
This beautifully remodeled home showcases modern finishes and thoughtful upgrades inside and out. The kitchen shines with striking navy cabinets, sleek quartz countertops, and a unique peninsula with waterfall edges—perfect for meal prep and entertaining. The spacious open layout flows seamlessly into the living area, complete with stylish wood accents and a statement fireplace. Each bathroom has been transformed with custom tile work, elegant vanities, and contemporary lighting, creating spa-like retreats. Outside, the fully redesigned backyard is an oasis featuring a refreshing pool, fire pit area, and lush landscaping. Additional highlights include a large covered patio with ceiling fans, ideal for outdoor lounging. With a generous lot size, this property combines style and function!

10918 E Texas Avenue Mesa, AZ 85212

$658,950
5 Beds
3 Baths
2,961 SqFt
Status Active
MLS # 6762831
Property Type Single Family Residence
Price Type --
MLS#6762831 January Completion! The Wedgewood offers plenty of square footage and is stylish inside and out. Wedgewood's expansive open-concept common area holds a gathering room, kitchen with island and step-in pantry, and a casual dining. A study room is perfect for working from home. At the front of the home is a bedroom and full bathroom - perfect for your overnight guests. Upstairs, the owner's suite features dual sinks, shower and a huge walk-in closet. Three secondary bedrooms with walk-in closets share a full bath, and a spacious loft rounds out this beautiful home. Structural options include: study in lieu of dining, soft water loop, garden tub with separate shower in primary, paver front porch, and garage service door.

18229 E Spring Valley Court Rio Verde, AZ 85263

$658,013
2 Beds
2 Baths
1,678 SqFt
Status Active
MLS # 6592823
Property Type Single Family Residence
Price Type --
This incredible home is located at Trilogy Verde River, a premier 55+ and All Ages Golf Resort Community. This beautiful new home features over $145K in upgrades as well as a $10K homesite premium. With an estimated completion date in August 2023, you won't have to wait long to move right into this brand new home offering 2 bedrooms + den and 2 baths in 1,678 SqFt. The popular Valletta floor plan sits on a premium lot and offers a spacious great room layout with split bedrooms. The gourmet kitchen features gorgeous cabinetry with LED undercabinet lighting, Quartz countertops, and an island with a breakfast bar. A 12-foot multi-panel sliding glass door leads out from the great room to the covered patio and backyard with built-in BBQ, pergola, and water/fire features. Other features include upgraded flooring, quartz countertops throughout, laundry room cabinets, and a 2 car garage. Front and backyard landscaping included. The amenities at Verde River are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickleball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails.

7422 W Whitehorn Trail Peoria, AZ 85383

$658,000 - 4Br/3Ba -  for Sale in Aloravita North Phase 3 Parcel 4, Peoria
Open House
$658,000
4 Beds
3 Baths
2,084 SqFt
Status Active
MLS # 6774992
Property Type Single Family Residence
Price Type --
This is it and ready for the holidays! Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'Tamarron' floorplan features 4 full bedrooms with a study, 3 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes Birch Burlap Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 8' doors, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. Photos of similar spec home to show layout, options may vary-finishing final touches**

2121 W Sonoran Desert Drive Unit 43 Phoenix, AZ 85085

$657,995
3 Beds
3 Baths
2,038 SqFt
Status Active
MLS # 6728548
Property Type Townhouse
Price Type --
This beautiful home was perfectly crafted to fit your lifestyle. The open-concept kitchen flows effortlessly into the great room and dining room, making this floor plan ideal for entertaining. Additional features in this home include quartz countertops, stainless steel appliances and upgraded flooring. Contemporary neutral paint colors throughout makes this home ready for you to add your personal touches.

840 W Flatiron Trail Apache Junction, AZ 85120

$657,990
4 Beds
3.5 Baths
2,664 SqFt
Status Active
MLS # 6750838
Property Type Single Family Residence
Price Type --
Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender. This elegant single-story Parklane floor plan features four bedrooms and a spacious flex area, perfect for use as an office, TV room, or study. The home includes front yard landscaping and will be move-in ready by Nov/Dec. Conveniently located near community parks, grocery stores, and dining options.

18825 W Solano Drive Litchfield Park, AZ 85340

$657,900
5 Beds
3 Baths
2,925 SqFt
Status Active
MLS # 6782013
Property Type Single Family Residence
Price Type --
THIS LIKE-NEW 2022 BUILT HOME SHOWS LIKE A MODEL HOME! Contemporary features & upgrades rarely found: NEW Pebbletech pool, Lush green front & backyard landscaping & paver patio, porch, sidewalk, steps & pad($90,000), Sleek front door w/glass, Modern ceiling fans & lighting, 3-tone paint & tall baseboard, Modish feature walls includes vertical fireplace with heat. Builder upgrades include Farmhouse/stone elevation, Gourmet kitchen w/high-end wall ovens & separate gas cooktop/canopy hood + 42'' shaker cabinets with crown molding + Kashmire granite + subway backsplash + satin nickel finishes, Wood-look tile & upgraded carpet, Double slider & oversized patio, Deco stair rail, 10 ft ceilings + 8 ft doors t/o, Soaking tub & shower tile with herringbone inlay. MORE...some warranties still exist Highly desirable floorplan: 5 Bedrooms and 3 Full Baths including a Bedroom and Bath downstairs, PLUS Loft. Huge Greatroom wide open to Kitchen and 2 Dining spaces. All non-primary Bedrooms larger than average! Storage is above expectations with an oversized Walk-In Pantry and under the stairs Walk-in Closet, and extra hall cabinets, as well as Walk-in Closets in Master and spare Bedroom. Enjoy sweeping White Tank mountain views from upstairs front rooms. 3 Lush community parks/playgrounds within mere blocks of this home 9 minute walk to well-rated Canyon View High School 5 minute drive to Belen Soto Elementary School 6 miles to renowned Verrado with hiking trails, golf and popular restaurants Less than 3 miles to multiple freeways This area is very up-and-coming with new shopping, restaurants, etc being built or in the planning!

7414 W Whitehorn Trail Peoria, AZ 85383

$657,085 - 3Br/3Ba -  for Sale in Aloravita North Phase 3 Parcel 4, Peoria
Open House
$657,085
3 Beds
2.5 Baths
2,051 SqFt
Status Active
MLS # 6779740
Property Type Single Family Residence
Price Type --
North/South Exposure ready now! Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'El Dorado' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes White Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 9' ceilings, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, Desert Backyard Landscaping and Smart Home Technology! Interior photos of similar spec home, options may vary-exterior photos of spec.

5790 S Moson Road Hereford, AZ 85615

$657,000
3 Beds
2.5 Baths
2,436 SqFt
Status Active
MLS # 6782556
Property Type Single Family Residence
Price Type --
WOW!!!! This house is AMAZING!!! What an opportunity to own a custom Sante Fe Home built out of Rammed Earth on 4 Acres fully fenced and cross fenced for your horses/animals, your own PRIVATE WELL, site built pole barn with electric, huge outdoor kitchen with hickory cabinets and granite, 10-12 foot ceilings, pellet stove, bar, colored concrete floors, granite throughout, tankless water heater, 20 solar panels that are owned, huge covered patio with beautiful views of the Huachuca Mountains and the Mule Mountains from the front courtyard, pergola with custom Kiva fireplace, coyote proof chicken coop, garden/raised beds, fire safe property, horse corrals, wash rack, round pen and so much more!! ASK YOUR REALTOR FOR ''SELLER FEATURE SHEET'' and that will show you everything and more!!

20247 W Hollyhock Street Buckeye, AZ 85396

$656,995
3 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6717674
Property Type Single Family Residence
Price Type --
8760 sqft lot - Optional Guest Suite - Gourmet kitchen, quartz countertops, full tile backsplash, white cabinets, pendant lights at island, stainless steel appliances w/pyramid hood & gas cooktop - Multi-slide doors at great room - Walk-in shower at primary bath - Pre-plumb locations at laundry room, soft water loop, gas to patio - Wood laminate floors throughout except for carpet in bedrooms & 12 x 24 tile in bathrooms - Matte black fixtures throughout - Ceiling fan pre-wires at bedrooms, patio and great room - 10-foot ceilings - Double gate - Two-tone paint - Garage service door - Cabinets & wet bar sink w/beverage center at guest living room w/entry door into side-car garage.

4920 E Helena Drive Scottsdale, AZ 85254

$656,990
3 Beds
2.5 Baths
1,958 SqFt
Status Active
MLS # 6769923
Property Type Townhouse
Price Type --
Location, location, location! Welcome to our brand-new community in Arizona's desirable zip code. Arabella is conveniently located near Loop 101, Scottsdale Quarter, Kierland Commons, Desert Ridge Marketplace, and Paradise Valley's shopping and dining! Our popular ''Little Rock'' floor plan features 3 bedrooms, 2.5 bathrooms, a loft, a 2-car garage, and a private yard. Designer finishes include white cabinetry with hardware, quartz kitchen countertops, two-tone paint, wood-like tile, and plush carpeting in the bedrooms. This beautiful home will also include smudge-proof stainless steel appliances, blinds, pre-plumbing for soft water, and smart home technology. Estimated completion is fall 2024. Photos of model home, finishes will vary.

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