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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13480 N Gladstone Hill Place Marana, AZ 85658

$649,900
4 Beds
3 Baths
2,577 SqFt
Status Active
MLS # 6708581
Property Type Single Family Residence
Price Type --
Move in Ready, Just bring your toothbrush! Check out this beautiful 2577 sqft upgraded home situated in a private cul-de-sac with views of mountains all around!. Nestled in the preserve of the Tortolita Mountains and tucked down at the end of the cull de sac, this premium homesite offers unobstructed views of both the beautiful Tortolita Mountains and Preserve. Living here in Dove Mountain you will enjoy several golf options at both the Ritz Carlton Dove Mountain Golf Resort and The Gallery Golf Club. There is a myriad of living options within this highly upgraded 4 bedroom 3 FULL bath home. Maintenance free landscaping provides easy outdoor living with large enclosed patio and extended covered patio. Host your next family gathering or game night in the massive great room. The kitchen includes a gourmet kitchen, tiled backsplash, and white cabinetry. Wood-look plank tile has been extended. Brand New community - Close to Shopping & Entertainment - Come Live The Life in Dove Mountain! Marina Arizona is exploding with new growth and opportunities!

937 N Vale Street Mesa, AZ 85201

$649,900
4 Beds
3 Baths
3,227 SqFt
Status Active
MLS # 6782626
Property Type Single Family Residence
Price Type --
This expansive 3,227 sq ft ranch-style home sits on a generous 17,960 sq ft lot, offering the perfect blend of indoor and outdoor living. Located just minutes from Arizona State University (ASU), Old Town Scottsdale, Sloan Park (home of the Chicago Cubs), and Sky Harbor Airport, you'll enjoy the convenience of being close to great shopping, dining, and entertainment, with easy access to the 202 and 101 freeways. The home features 4 spacious bedrooms and 2.5 bathrooms, with a den that includes custom built-in cabinets. The family room is warm and inviting, centered around a cozy brick fireplace—a perfect spot for family gatherings. The formal dining room boasts elegant wood floors, while the living room features built-in cabinets, adding both character and functionality to the space. Outside, the large private backyard is a true retreat. Enjoy the inviting pool, complete with a custom hydraulic pool cover and a shade structure, making it perfect for relaxing or entertaining. There's also an outdoor shed for additional storage, ideal for tools or gardening supplies. The Arizona Room, with windows that open to the outdoors, brings in plenty of natural light, further enhancing the home's seamless connection to its serene surroundings. This property is an exceptional find, offering ample space, comfort, and a highly sought-after locationperfect for those who want to experience the best of Mesa's living with a private backyard oasis.

7137 W Mogollon Trail Happy Jack, AZ 86024

$649,900
2 Beds
2 Baths
2,107 SqFt
Status Active
MLS # 6736863
Property Type Single Family Residence
Price Type --
Stay Cool in Rim Country'' in Mogollon Trail presents an idyllic retreat set on 5 acres of verdant, wooded land. Stepping inside, you're enveloped in a spacious interior adorned with meticulous craftsmanship. The kitchen, a haven for culinary enthusiasts, showcases a grand island crowned with granite counters, ideal for culinary endeavors. Custom storage cabinets grace the kitchen, ensuring ample room for all your cooking essentials. Elegance permeates the home, with stunning slated tiles embellishing the floors and tongue and groove ceilings amplifying the open layout, fostering an inviting atmosphere. Sunlight dances through the expansive windows, bathing the chalet in natural radiance and offering enchanting vistas of the surrounding panorama. This property boasts a flexible layout, offering the option for a third bedroom or bonus room tailored to your preferences. A focal point in the living area, a stone- built wood fireplace imparts warmth and ambiance, perfect for cozy evenings. Retreat to the generous master suite, providing a serene sanctuary complete with its own ensuite bathroom for added convenience. Step outside onto the sprawling wrap-around deck, where you can immerse yourself in the tranquility of nature or host gatherings effortlessly. For outdoor cooking enthusiasts, a propane stub is conveniently located, facilitating barbeque gatherings with ease. With its harmonious fusion of rustic allure and contemporary comforts, ''Stay Cool in Rim Country'' promises an ideal escape for those yearning for relaxation and renewal amidst the allure of Mogollon Trail. Additionally, the property boasts well-maintained roads for easy access and panoramic views that captivate the senses. To experience this serene oasis firsthand, embark on a journey to discover the serenity and splendor of ''Stay Cool in Rim Country.''

4255 E Washington Court Gilbert, AZ 85234

$649,900
4 Beds
2.5 Baths
2,387 SqFt
Status Active
MLS # 6773726
Property Type Single Family Residence
Price Type --
This beautiful 4-bedroom, 2.5 bathroom Ashton Woods home is nestled in the highly desirable community of Highland Groves at Morrison Ranch and has brand new carpets throughout, updated bathrooms and so much more! The lower level boasts a spacious living room/dining room, then flows into the great room ideal for gatherings. Downstairs you will also find the kitchen that is equipped with shiny stainless-steel appliances, a new large capacity refrigerator, tons of updated white cabinetry, granite countertops, a cozy island, breakfast bar, walk-in pantry and don't forget about the laundry room and half bathroom. Upstairs is an oversized loft with plenty of space for family relaxing, playtime or even a home office. The 4 bedrooms upstairs are spacious and both bathrooms upstairs have been newly updated. The amenities don't stop there...step into the backyard to relax in the sparkling pool with covered patio and extended pavers...the perfect spot for hosting backyard barbecues. Not only does the house have everything you need, but the neighborhood also has tree-lined streets, lakes, fountains, playgrounds and pickleball/tennis courts. Plus, you can't get any better with the location - close to the Loop 202 & US 60, as well as tons of Gilbert's best restaurants and shops! Don't miss out on this gem being your new home!

2474 E Westchester Drive Chandler, AZ 85249

$649,900
4 Beds
2.5 Baths
2,884 SqFt
Status Active
MLS # 6782548
Property Type Single Family Residence
Price Type --
LOCATION LOCATION LOCATION! SELLER SPENT $$$$$$ TO REMODEL THE HOUSE, VERY CLEAN AND NICE AND THE BEST QUITE NEIGHBORHOOD

115 E Amaranth Drive Wickenburg, AZ 85390

$649,900
3 Beds
3 Baths
2,099 SqFt
Status Active
MLS # 6748927
Property Type Single Family Residence
Price Type --
A must see 2099 sq. ft ONE OWNER CUSTOM-built home with IRREPLACEABLE VIEWS situated on 4.8 acres!! The ''heart of the home'' boasts a double stainless oven, granite countertops, and expansive custom cabinets and even a pass-through window to serve those cold drinks to the sprawling backyard. The covered patio, mature desert landscaping, citrus trees and a stucco pony wall surround the back yard providing a perfect vantage point for sharing the spectacular views! The oversized garage includes MORE STORAGE cabinets. Thoughtful upgrades continue with vaulted ceilings, expansive picture windows, cozy wood stove, and TWO separate HVAC units with separate thermostats. Enjoy the WELL water, BONUS detached workshop featuring many built-in workbenches and plenty of hobby space.

9565 W Marco Polo Road Peoria, AZ 85382

$649,900
2 Beds
2.5 Baths
2,339 SqFt
Status Active
MLS # 6755401
Property Type Single Family Residence
Price Type --
MILLION DOLLAR VIEW!! Elevated Golf Course Lot W/ Stunning Water Views Within Ironwood Estates At Westbrook Village.Kitchen Boasts Newer Cabinets W/Pull Out Drawers,Granite Counters,SS Appliances Including Gas Cooktop,Double Pantry W/Pull Outs.Kitchen And Primary Bedroom Have Bay Windows.2 Bedroom, 2.5 Baths. Guest Bedroom Is Used As An Office W/ Murphy Bed.Primary Bath Has 2 Sinks, Private Toilet Area, Granite Counters And A Huge Walk-In Shower! Both Baths Have Been Remodeled. Extended Covered Patio W/ Saltillo Tile, Built-In BBQ,Surround Sound,Ceiling Fans And Roll Down Screens! Plantation Shutters Through-Out! Kool Decking In Front Courtyard As Well As Sidewalk Leading To Back Covered Patio.Kool Deck Parking Pad Behind Lg Side Gate.HVAC 2023 And Roof 2017. Wrought Iron Fence Out Back!

24275 N 160th Avenue Surprise, AZ 85387

$649,900
5 Beds
4.5 Baths
3,444 SqFt
Status Active
MLS # 6764923
Property Type Single Family Residence
Price Type --
MOVE IN READY, BRIGHT GREAT ROOM PLAN , QUICK CLOSE!! 5 BEDROOM PLUS LOFT, 4.5 BATH , 3 CAR GARAGE 9'CEILINGS, GOURMET KITCHEN LAYOUT, UPGRADE CABINETS , QUARTEZ KITCHEN TOPS, SPA SHOWER IN MASTER BATH, LUXURY VINYL FLOORING. 2'WHITE BLINDS, CEILING FANS, FRONT YARD LANSCAPING COMPLETED, ENERGY STAR QUALIFIED HOME, INDOOR AIR PLUS. A SHORT DISTANCE FROM THE COMMUNITY POOL AREA, PICNIC AREA, TOT LOTS, BASKETBALL, PICKLE BALL COURTSAND SO MUCH MORE.

2120 N Whitetail Way Flagstaff, AZ 86004

$649,900
3 Beds
2 Baths
1,518 SqFt
Status Active
MLS # 6770003
Property Type Townhouse
Price Type --
Welcome to this rare 3 bedroom, 2 bath single level townhome in the beautiful pines in Continental Country Club. Enjoy the open floorplan, tongue and groove cathedral ceilings, stone, wood burning fireplace, covered deck in the trees and 2 car garage on a quiet, private cul-de-sac. Relax with your morning coffee or evening bevvies listening to the sounds of birds and the breeze in the pines. Bring the kids and grandkids to Bear Paw, only a minute away, for mini golf, swimming and more. Or, play golf and pickleball to your heart's content at Continental Country Club and enjoy family, friends and great food at the Oakmont. Single level, 2 car garage, quiet location, close to everything you want to enjoy - it checks all of your boxes! Furnishings available! (30 day minimun for rentals.)

8301 W Escuda Drive Peoria, AZ 85382

$649,900
3 Beds
2 Baths
2,307 SqFt
Status Active
MLS # 6772531
Property Type Single Family Residence
Price Type --
This gorgeous single-level home in a peaceful cul-de-sac is the one for you! Enter through the custom double doors to find a living room that beckons you to unwind and a formal dining room ready to hold special occasions. The kitchen is equipped with built-in appliances, granite counters, a center island, a breakfast bar, and a breakfast nook perfect for casual dining. The primary bedroom boasts direct outdoor access, an ensuite with dual sinks, a walk-in shower, and a huge closet. Venture outside to discover a sizeable low-maintenance backyard with a covered patio, hot tub, and a refreshing pool. This community includes restaurants, AWARD WINNING golf courses, Activity Center, library, pickleball courts and exercise facility to name a few. Join some clubs and watch your calendar fill up!

5028 Spring Garden Lane Prescott, AZ 86301

$649,900
3 Beds
3 Baths
1,845 SqFt
Status Active
MLS # 6776000
Property Type Single Family Residence
Price Type --
Nestled in the peaceful community of Walden Ranch, this home blends modern comfort with timeless elegance. The low-maintenance stucco exterior and tile roof reflect quality, while the oversized paver driveways and walkways wrap around the property, adding charm. Brick accents, exterior shutters, and board-and-batten details enhance the home's curb appeal. Inside, an open-concept, split-bedroom floor plan greets you with a spacious great room. The kitchen features newly refurbished white cabinetry, quartz counts, center island, and pendant lighting. GE appliances, including a 5-burner gas range and microwave, complete the kitchen, while the adjacent dining area is bathed in natural light from the large windows and a 9-ft slider that leads to the back patio. The master suite offers raised-height dual vanities, a walk-in shower with a built-in seat, and ample closet space. A private door opens to the back patio, where you can enjoy scenic views. Two guest bedrooms come with ceiling fans, and the front bedroom was extended during construction. The first guest bathroom includes a raised-height vanity and a full tub with a shower. The large laundry room, equipped with upper cabinetry and a hanging bar, doubles as a mudroom. With 10-ft ceilings and 8-ft doors throughout, the home feels spacious and open. New luxury wood-look vinyl flooring runs through most of the home, with wood laminate in the bedrooms, offering a carpet-free environment. The expanded, covered back patio overlooks a fully fenced backyard with no neighbors to the east, providing extra privacy. The HOA's deeded open space adds to the tranquility, with views of the Granite Dells and Constellation Trailhead. A storage shed in the side yard and a 3-car tandem garage with smart features, a utility sink, and plenty of natural light complete this thoughtfully designed home.

17410 N Country Club Drive Sun City, AZ 85373

$649,900
2 Beds
2 Baths
2,527 SqFt
Status Active
MLS # 6776222
Property Type Single Family Residence
Price Type --
Absolutely stunning home located on Union Hills Golf Course! Private front courtyard leads to double entry doors with views of the course and best of all: a water view! Enjoy your new carefree Sun City lifestyle in this home packed with updates! Newer kitchen, windows, master bath and owned solar! Commanding views of the golf course will inspire you to relax and entertain on your custom patio with outdoor kitchen. Enjoy the chill of the evening while chatting with your guest around the custom firepit patio table. The expansive living space indoors features a unique open concept design yet caters to those that are desiring smaller more intimate spaces. Updated custom kitchen with beautiful finishing detail! Master suite will wow with immense walk in closet & doors to patio! Don't miss this List of improvements: Outdoor Kokomo Kitchen, Island and Patio cover $24,000 Complete remodel of Master Bath & Closet $26,000 Ceiling Fans throughout home $2,000 New Dining Room lighting $2,000 Added Temperature control (AC) in Garage $800 Extended Patio Pavers $4,000 Expanded concrete driveway $4,500 Kitchen Remodel, New Countertops & backsplash $8,400 New Vinyl Flooring throughout $15,000 Expanded openings & doorways $2,500 Interior painted in 2024 $3,200 Fenced in backyard (metal) $4,200 New pavers in front courtyard $8,000 _________ Total $104,600 Features: Fully owned and paid up Solar (39 Solar Panels) -Banking Credits during Fall, Winter, Spring. Avg APS bill $10.00 Golf Course lot between 12th Green & 13th Tee on Union Hills Golf Course Updated windows, Stucco, New Roof (2021) Private Patio in front and privacy on Back Patio with Golf Course Views and Plenty of mature trees. Spa on front patio negotiable Back Yard Xeriscaping - does not require water Updated front watering system

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