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

38218 W Camelback Road Tonopah, AZ 85354

$654,000

5 Beds

4 Baths

3,270 SqFt

Status Active

MLS # 6721936

Property Type Single Family Residence

Price Type --

Gorgeous custom home on 5 acres with magnificent mountain views and tons of privacy! This home features 5 bedrooms and 4 baths...yes you read that right! 19 foot ceilings with wood beams, and 2 stone fireplaces. The kitchen boasts beautiful granite counters, and raised panel cherry cabinets as well as SS appliances. Split floorplan with spacious master bedroom down stairs and 4 bedrooms upstairs. This home is a dream for entertaining your family and friends! 4 car garage. 2 large corrals with shade and 5 stall barn with tack room. There is also a 200 amp service for RV Hook up and water. The property has a private well and backyard fencing and an amazing back porch to enjoy your morning cup of coffee with no city noise, just your dogs running around the property enjoying life!

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345 E Palomino Court Gilbert, AZ 85296

$654,000

5 Beds

2.5 Baths

2,376 SqFt

Status Active

MLS # 6727415

Property Type Single Family Residence

Price Type --

Move-in-ready Home in prime location, Gym & pool amenities across the street & walking distance to downtown Gilbert for dining & entertainment. Extensively remodeled with $150,000 in recent upgrades, featuring a luxurious master bathroom with large walk-in shower and freestanding 70'' soaking tub. All 2.5 bathrooms showcase quality tiled floors and walls. Elegant plantation shutters throughout, custom wood floors, crown molding, stairway, and fireplace enhance the home's appeal. The 5 bedroom and 3 car garage provide ample space for all. The kitchen boasts contemporary features: oversized sink, granite countertops, peninsula with a breakfast bar, high quality soft-close cabinets with lazy susan corners, new pantry with frosted glass doors and under-cabinet lighting. Recessed lighting and new fixtures illuminate the home beautifully.Outside find new sunscreens and an energy efficient A/C replaced in 2018. Enjoy the quiet cul-de-sac setting with easy access to the community park, basketball/pickleball court, and playground. This rare 5 bedroom find combines comfort, style, and location! A MUST SEE!

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10585 E Cinnabar Avenue Scottsdale, AZ 85258

$654,000

3 Beds

2 Baths

1,902 SqFt

Status Active

MLS # 6752033

Property Type Townhouse

Price Type --

Fully Furnished - Turn-key Luxury in Scottsdale Ranch's Heritage IV adult 55 + community. Just bring your suitcase! Discover the ease of Luxury Living in the prestigious Heritage 4 enclave within Scottsdale Ranch. This true 3 bedroom home offers a refined, turn-key experience with everything ready for you. Fully furnished and featuring newer appliances, fresh exterior paint (2023) , new W/D(2024), water heater ( 2020) a beautifully updated paver patio (2022) and A/C unit (2022), you'll enjoy a seamless and easy move in. A vibrant lake community , the lifestyle here includes serene walking paths, private streets, tennis courts and access to two sparkling pools and over 60 + clubs. Forget about yard work and focus on relaxation and play- the HOA cares for the front yard. Live the carefree, Luxurious lifestyle you've been waiting for in Scottsdale Ranch's Heritage 4. Act now -this is a special home

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22709 E Watford Drive Queen Creek, AZ 85142

$652,741

4 Beds

3.5 Baths

2,769 SqFt

Status Active

MLS # 6733044

Property Type Single Family Residence

Price Type --

This is a brand new Quick Start Home under construction in Queen Creek, with a Ranch Elevation. The Forest plan includes 4 bedrooms, 3.5 baths, 3 car garage. Gourmet Kitchen appliances that include a gas cooktop with a built-in oven/microwave and dishwasher. Owner's Bathroom includes a Walk-In Shower with a Rain Shower head. Move-in anticipated for October/November. Included in the Emerald Collection are 10 foot ceilings, 8 foot interior doors and paver driveways and front porches. Please ask about our special financing incentives with Mattamy Home Funding.

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16881 W Merrell Street Goodyear, AZ 85395

$652,400

2 Beds

2.5 Baths

1,903 SqFt

Status Active

MLS # 6748944

Property Type Townhouse

Price Type --

Prepare to be pleased as you drive up to this highly upgraded Villa! Beginning with the beautiful iron gate at the entrance of the home. Builder options and upgrades of $130,000 + another $30,00 in owner upgrades after construction! The fine details of the home include but are not limited to: Stone Creek Library media wall, Dagr Design Entertainment center, painted by AZ Concepts, fireplace, Shelf theory pull out drawers. Premier lighting, Neil' s garage cabinets, overhead garage storage rack, which were all owner upgrades after construction. Options and upgrades by the builder are too numerous to list but are available upon request. This is a ''MUST VIEW'' Villa! Once you experience the ''FEEL'' when you enter this home you won't want to leave!!

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2114 E Escuda Road Phoenix, AZ 85024

$652,400

4 Beds

3 Baths

2,580 SqFt

Status Active

MLS # 6656083

Property Type Single Family Residence

Price Type --

Welcome to this well maintained home in the highly coveted Mountain Cove subdivision. Rare 4 bed/3 full bath floor plan in a prime North Phoenix location with beautiful mountain views, N/S exposure, friendly neighborhood ambiance and no HOA. You'll love the soaring vaulted ceilings upon entry and in the formal living and dining areas. The kitchen, complete with upgraded cabinetry, granite counters and a spacious island, seamlessly flows into a second living area with a custom fireplace. Lower level hosts one bedroom and full bath, along with an office featuring a built in workstation that can easily be converted to a 5th bedroom. Upstairs you'll find a bonus loft area. The upstairs primary suite features a balcony for enjoying the scenic views. Step outside to a low maintenance backyard, covered patio and built in BBQ for relaxation and entertaining. New roof March '24. Don't miss this opportunity to live in close proximity to the 51, 101 and I-17 freeways. Enjoy everything that Desert Ridge, High Street and Scottsdale has to offer. Close to hiking trails and in the Paradise Valley School District.

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20271 W Hollyhock Street Buckeye, AZ 85396

$651,995

4 Beds

3 Baths

2,630 SqFt

Status Active

MLS # 6717642

Property Type Single Family Residence

Price Type --

8760 sqft lot - Gourmet kitchen, quartz countertops, full tile backsplash, white cabinets w/extension at nook, pendant lights at island, stainless steel appliances w/pyramid hood & gas cooktop - Center-meet doors at great room - Walk-in shower at primary bath - Pre-plumb locations at laundry room, soft water loop, gas to patio - 9 x 35 tile floors throughout except for carpet in bedrooms - Matte black fixtures throughout - Ceiling fan pre-wires at bedrooms, patio and great room - 10-foot ceilings - Single additional gate non-garage side - Two-tone paint - Garage service door.

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19797 S 231st Way Queen Creek, AZ 85142

$651,441

3 Beds

2.5 Baths

2,195 SqFt

Status Active

MLS # 6583797

Property Type Single Family Residence

Price Type --

GORGEOUS GREAT ROOM PLAN, GOURMET KITCHEN LAYOUT, SPA SHOWER IN THE PRIMARY, WHITE CABINETS WITH CONTRASTING BLACK HARDWARE, PLANK TILE FLOORS EVERYWHERE, EXCEPT THE BEDROOMS,UPGRADED GRANITE TOPS AND TILE BACKSPLASH., FANS BLINDS INCLUDED,PAVER DRIVE AND WALKWAY AND MORE.. TASTEFUL TOUCHES THROUGHUT THIS HOME!! ALL THIS IN BEAUTIFUL BARNEY FARMS, WHICH OFFERS A 22 ACRE LAKE THAT IS THE CENTERPEICE OF THIS COMMUNITY SURROUNDED BY GREEN PARKS, WALKING TRAILS AROUND THE LAKE WITH BENCHES AND RAMADAS TO ENJOY THE VIEW. PICKLE BALL, BOCCE BALL, LARGE BARN CLUBHOUSE WITH OUTDOOR SEATING OVERLOOKING THE LAKE. 16 SEER RATING ENERGY STAR HOME! ''KMB K-6 School. THIS HOME AND COMMUNITY IS WORTH A VISIT!!

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17147 W Hackmore Drive Surprise, AZ 85387

$651,223

4 Beds

3 Baths

2,665 SqFt

Status Active

MLS # 6771831

Property Type Single Family Residence

Price Type --

MLS#6771831 January Completion! Welcome to the Everglade at Asanta Passage. Step through the porch into the welcoming foyer. On one side, you'll find three bedrooms and a shared bathroom, while across the foyer lies a laundry room, an additional bedroom with its own bathroom, and access to the two-car garage. Continue through the home to discover stunning open-concept living, where the great room effortlessly flows into the casual dining area, kitchen with an island, and covered outdoor living—ideal for entertaining. The tucked-away primary suite offers a peaceful retreat, featuring a spa-inspired bathroom and a spacious walk-in closet. Structural options include: super shower, gourmet kitchen, paver front porch, 12'x8' sliding glass door, garage service door & study in lieu of bed 2.

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5745 S 129th Avenue Tolleson, AZ 85353

$650,000

3 Beds

2 Baths

1,563 SqFt

Status Active

MLS # 6624504

Property Type Single Family Residence

Price Type --

Beautiful horse property with 6 horse stalls available, 3/4 of an acre of land, square shaped lot, and irrigation rights. The home also features tile throughout the home (no carpet) and granite countertops in the kitchen and bathrooms! A new AC was installed in 2022 and a new roof was installed in 2021. The property also features multiple entrances for vehicles, a storage shed, and mature trees. The home has been recently painted, interior and exterior. The kitchen also has a gas hook up for a gas range. Come check out this amazing opportunity and see all the potential this property has!

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7718 W Crabapple Drive Peoria, AZ 85383

$650,000

3 Beds

2 Baths

1,982 SqFt

Status Active

MLS # 6741362

Property Type Single Family Residence

Price Type --

MLS#6741362 December Completion! The Iris is a 1-story floor plan that comes standard with 1,982 sq. ft., 3 bedrooms, 2 bathrooms, 2-car garage, and a flex room. The only single-story floor plan at Aloravita South Discovery, this home is sure to please. The foyer brings you to a hallway with the secondary bedrooms and a full bathroom. As you continue through the home, you are taken to the open kitchen, casual dining, great room area and the flex room. Enjoy the beautiful Arizona weather from your private covered patio. The primary suite has a private bathroom with double sinks and an expansive walk-in closet and will be the perfect retreat.

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14125 W Vía Tercero -- Sun City West, AZ 85375

$650,000

2 Beds

2 Baths

2,179 SqFt

Status Active Under Contract

MLS # 6699712

Property Type Single Family Residence

Price Type --

Welcome to this remodeled Sedona on the 3 hole of Deer Valley Golf Course in the Del Webb community of Sun City West. The evening and morning views are stunning. 2179 sq ft. Home is offering someone a very tastefully remodel with all the latest and greatest touches. Tile floors 50 by 24 inches large 5 inch baseboards, Freshly Painted - New Kitchen Aid Appliances. Shutters through out. Updated Patios both front and Back. Updated bathrooms with counter tops and new high toilets. Home has been painted through out inside. All new drapes all new carpets. New screen doors on front and back patios. This home offers the purchaser a chance to arrive with their belongings and enjoy the Views and the great remodel with just personalizing it for themselves.

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