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.”

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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4657 E Matt Dillon Trail Cave Creek, AZ 85331

$650,000
3 Beds
2 Baths
1,700 SqFt
Status Active
MLS # 6778168
Property Type Single Family Residence
Price Type --
Highly sought after Dove Valley Ranch gated community in Cave Creek, this darling home enjoys views of Black Mountain to the north and a widespread wrap around desert wash out back, giving you only one direct neighbor. Idyllic privacy and peaceful views surround. A true 3-bedroom/ 2 bath, entry room can be used for a multitude of lifestyle needs. Open kitchen concept with continuous wrap around granite counters and center island. Ample cabinet storage, stainless appliances, gas range with natural light pouring in. Double French doors off the great room lead your living space to a beautiful backyard with newly laid turf and expansive paver patio. Flowing room to entertain and enjoy AZ living! Light wood floors carried throughout all bedrooms, granite counters in bathrooms, oil rubbed bronze fixtures consistent throughout the home. Ready to get outside... Enjoy trails woven throughout the community, play a round at the Dove Valley Golf Course nestled within the neighborhood at the end of the street. Designed to be player friendly and amongst the prettiest desert landscape you'll find around. Phenomenal restaurants home to Cave Creek just minutes away, incredible hiking experiences out your back door.

15101 W Waterford Drive Surprise, AZ 85374

$650,000
2 Beds
2.5 Baths
2,406 SqFt
Status Active
MLS # 6778489
Property Type Single Family Residence
Price Type --
Experience resort-style living with this elegant home offering unparalleled views! Nestled on a prime golf course lot in the Sun City Grand community, this immaculate 2 bedroom, 2.5 bathroom home with a den showcases breathtaking panoramic views of the golf course and distant mountains. The open floor plan is designed for both comfort and style, with the outdoors in and a media center wall with a custom fireplace, perfect for cozy gatherings. The dream kitchen is equipped with Corian countertops, mosaic tile backsplash, skylight, and stainless steel appliances. The large primary bedroom has a slider to the patio. Ensuite features double sinks, a jetted tub, and a huge walk-in closet. Secondary bedroom with full private bathroom is perfect for your guests. Outside, relax in your private backyard oasis with a spacious covered patio, a built-in BBQ, cool decking, a custom waterfall, and a serene pond surrounded by a pony wall. The 2-car garage with a separate golf cart garage is finished with epoxy flooring and ample storage cabinets. With access to golf, swimming, and countless recreational amenities, this gorgeous Jasmine model offers the ultimate in retirement luxury.

34027 N 140th Place Scottsdale, AZ 85262

$650,000
3 Beds
2 Baths
2,000 SqFt
Status Active
MLS # 6778608
Property Type Single Family Residence
Price Type --
Beautiful new home, ready to move into! 3 bedroom, 2 bath, with den or office. Cul-de-sac lot. Large master suite/closet, and all tile master shower. Carpeted bedrooms with upgraded pads. Spacious open floor plan, great room, and kitchen. Quartz countertops, tile backsplash, spacious pantry with built-in-selves. Stainless steel appliances, sit-down kitchen island, and vaulted ceilings. Generous paver stone patio to enjoy desert mountain views. 3-car garage with workspace. Spacious laundry room and storage room, both with cabinets! Solar tube for natural light in laundry room. Long lasting synthetic stucco finish, 2 panel interior doors. Horses OK. Owner Agent.

10116 W Bolivar Drive Sun City, AZ 85351

$650,000
2 Beds
2 Baths
1,800 SqFt
Status Active
MLS # 6780918
Property Type Twin Home
Price Type --
This beautifully remodeled lakefront property offers an idyllic blend of modern elegance and serene living, perfect for those seeking a tranquil retreat. The open floor plan showcases a spacious interior enhance with new flooring and sleek cabinets, while most furnishings and furniture are included for a seamless move-in experience. Indulge in luxury with a jacuzzi tub in the bathroom, providing a spa-like escape, and enjoy the expanded living room, perfect for relaxation with its cozy fireplace. The custom front door and new windows elevate the home's sophistication, and the removal of popcorn ceiling adds to its sleek aesthetic. Entertaining is effortless in the outdoor BBQ area, complete with a covered patio. 2-car garage and office area, property is a blend of style and comfort

9077 E Captain Dreyfus Avenue Scottsdale, AZ 85260

$650,000 - 3Br/2Ba -  for Sale in Retreat, Scottsdale
New
$650,000
3 Beds
2 Baths
1,440 SqFt
Status Active
MLS # 6783155
Property Type Single Family Residence
Price Type --
Well maintained home in a great community with tennis courts and a park. Updated home with an open spacious floor plan, neutral color and vaulted ceilings. Great Room plan with Gas burning fireplace. Master bedroom has a big walk-in closet. Large kitchen with granite counters, refaced Cabinets and breakfast room. Enjoy the natural salt water Pebble tec pool with relaxing waterfall. Covered patio with extensive flagstone decking, pavers and professional landscaping. Tile and upgraded laminate flooring. No carpet. LEASED SOLAR SYSTEM that must to be transferred to the new owner with obligation to pay monthly due. At this moment it is $125.82 per month. AC was replaced in 2018 and roof underlayment was replaced in 2016 with 15 years limited warranty. 1 year old pool filtration system.

48040 N 15th Avenue New River, AZ 85087

$650,000
4 Beds
2 Baths
2,291 SqFt
Status Active Under Contract
MLS # 6750671
Property Type Single Family Residence
Price Type --
PRIVATE WELL on over 2 plus acres on paved roads. Multiple gates and fenced property. This charming home has it all. Home sits back from road which offers privacy in all directions. Split floorplan, large open living area and cozy fireplace. Access to add fireplace to large primary bedroom. Beautiful new floors throughout. Storage galore. Enjoy the serenity on the extended front porch surrounded by the natural beauty of the desert. Design your guest house, workshop or hobby room in the detached 532 sq ft stone building. Detached 2 car garage. Horses, ATV, RV - you can have it all! Minutes to Outlets North Phoenix and I-17. Shopping and restaurants close while still living the rural lifestyle!

13812 W Parada Drive Sun City West, AZ 85375

$650,000
3 Beds
3 Baths
2,543 SqFt
Status Active Under Contract
MLS # 6749644
Property Type Single Family Residence
Price Type --
Must see this spacious, upgraded property on the 11th hole of Deer Valley Country Club! This light-filled home is updated with new flooring, tall baseboards, water softener, new water heater, solar tubes, plantation shutters, and the roof underlayment! The grand double door entryway leads to a formal living/dining space with SPECTACULAR view. Eat-in kitchen updates include NEW cabinets, granite & appliances. Both downstairs baths have new cabinets & beautiful showers! A huge primary suite upstairs has a walk-in closet & spectacular bathroom. Two bedrooms plus den are on the first floor, as well as a laundry room w/ storage, and lovely Arizona room to enjoy your GOLF COURSE VIEWS! Coveted 2.5 CAR GARAGE! Don't miss your chance to own the best of AZ living!

1373 W Cindy Street Chandler, AZ 85224

$650,000
4 Beds
2.5 Baths
2,018 SqFt
Status Active Under Contract
MLS # 6775478
Property Type Single Family Residence
Price Type --
Welcome to your dream home—this completely upgraded oasis is designed for comfort, style, and elevated living. The open-concept layout flows effortlessly, perfect for both entertaining and relaxing. The kitchen, a chef's dream, features high-end appliances, custom cabinetry, and a view of the expansive backyard. The outdoor space is an entertainer's paradise with a sparkling pool, extended travertine decking, a putting green, and extended artificial turf for low-maintenance enjoyment. Unwind in the downstairs master suite, while upstairs offers three bedrooms and a versatile loft. The garage has been transformed into the ultimate man cave, ideal for hobbies or relaxation. This home offers the perfect blend of luxury, convenience, and a lifestyle built for creating lasting memories!

2917 E Keim Drive Phoenix, AZ 85016

$650,000
2 Beds
2.5 Baths
1,488 SqFt
Status Active Under Contract
MLS # 6775883
Property Type Single Family Residence
Price Type --
Welcome to Keim Drive! This private bungalow on the Arizona Biltmore Golf Course offers unparalleled views of the 12th hole, stretching south toward downtown Phoenix. On the market for the first time in almost 30 years, the property has been beautifully restored and meticulously maintained by its current owners. The main level showcases a spacious great room with sweeping views of the green, a well-appointed chef's kitchen, and a convenient powder room. Upstairs, the oversized primary suite features a walk-in closet and an updated, resort-inspired bathroom. Natural light floods the second level from the skylight above the stairwell, creating a warm welcome to both the primary bedroom and the generously sized guest bedroom. Just beyond, you'll find a beautifully finished hall bathroom and an upstairs laundry room. Don't miss this rare opportunity to own a slice of paradise at the Arizona Biltmore!

1603 N El Dorado Court Chandler, AZ 85224

$650,000
4 Beds
2 Baths
2,029 SqFt
Status Active Under Contract
MLS # 6778551
Property Type Single Family Residence
Price Type --
Discover the endless possibilities with this beautifully upgraded Chandler gem, tucked away in a private cul-de-sac on a nearly 16,000 sq ft lot with no HOA. You'll find ample space to create the lifestyle of your dreams—imagine building a guest house, designing a gorgeous garden beyond the charming white picket fence in the backyard, and enjoying the ultimate outdoor oasis. This meticulously maintained home offers modern amenities and thoughtful touches, including OWNED solar panels, a freshly painted exterior, and energy-efficient upgrades. Step into a fully updated kitchen (2022) featuring elegant shaker cabinets, granite countertops, a stainless steel sink, and high-end LG and Samsung appliances. Cont... The entire house boasts wood-grain ceramic tile throughout and you'll love the cozy stack stone fireplace. Enjoy year-round comfort with a new 5-ton Lennox A/C unit, new ductwork (2024), and a recently installed insulated garage door with quiet rollers. Outside, a newly resurfaced Pebble Sheen pool (2023), custom RV gate, extended driveway, and full RV hookups make this home perfect for adventurers. The front yard's fresh landscaping, complete with artificial grass and paver steps, adds the perfect curb appeal. This move-in-ready home offers a rare blend of privacy, convenience, and potential in a highly desirable location. Check the documents tab for a complete list of the extensive upgrades. The possibilities here are truly endless!

21425 N 142nd Drive Sun City West, AZ 85375

$650,000
2 Beds
2.5 Baths
2,580 SqFt
Status Active
MLS # 6702403
Property Type Single Family Residence
Price Type --
Fabulous Montecito model with 2 bedrooms, 2.5 bath & den w double doors, situated on a prime location on the 3rd hole of the Trail Ridge Golf Course, showcasing 2 separate lakes, mountain & fountain views! Enter through a private, front courtyard that opens to a spacious great room w plantation shutters, overlooking gorgeous greens & several patio areas. Open kitchen with Corian countertops, plenty of cabinets, Bosch cooktop, GE Profile appliances & separate built-in ice maker. Primary bedroom bay window, large walk-in closet, double vanity & separate shower & tub. Inside laundry w sink & updated GE washer & dryer. Half-bath for convenience. Large 2 car garage w extra golf cart garage, newer garage door opener. Water heater 2019, Two Trane units 2010. Roof underlayment #30 LB in 2010.

16118 W Hualapai Street Goodyear, AZ 85338

$650,000
4 Beds
4 Baths
3,565 SqFt
Status Active Under Contract
MLS # 6762552
Property Type Single Family Residence
Price Type --
Welcome to this impeccably maintained, one-owner home, complete with an outdoor oasis. As you step inside, you're greeted by soaring 10-ft ceilings and an inviting open floor plan featuring a spacious family room, formal dining, and a versatile office/den. The heart of the home boasts stunning wood flooring and a wall of windows that fill the kitchen, dining, and living areas with abundant natural light. Enjoy evenings by the natural gas fire pit, whip up meals on the built-in gas grill, or take a dip in the heated pool and spa. A lush grassy area, extra storage shed, and RV gate with a parking pad complete this backyard haven, all while overlooking a peaceful park setting. When it's time to unwind, the upper level features 4 bd (each with w/in closet)/3ba, fitness room, and a media room. Welcome to this impeccably maintained, one-owner home that offers both elegance and comfort, complete with an outdoor oasis that's truly a must-see. As you step inside, you're greeted by soaring 10-foot ceilings and an inviting open floor plan featuring a spacious family room, formal dining area, and a versatile office/den. The heart of the home boasts stunning wood flooring and a wall of windows that fill the kitchen, dining, and living areas with abundant natural light. This seamless transition to the outdoors reveals a private sanctuary perfect for entertaining and relaxation. Enjoy evenings by the natural gas fire pit, whip up meals on the built-in gas grill, or take a dip in the heated pool and spa. A lush grassy area, an extra storage shed, and an RV gate with a parking pad for your toys complete this backyard haven, all while overlooking a peaceful park setting. When it's time to unwind, head upstairs to your personal retreat. The upper level features 4 spacious bedrooms, each with its own walk-in closet, along with 3 bathrooms, a fitness room, and a media room. This exceptional property combines luxurious living with thoughtful details inside and outdon't let this opportunity pass you by!

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