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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2809 E Hillery Drive Phoenix, AZ 85032

$645,000
3 Beds
2 Baths
2,015 SqFt
Status Active
MLS # 6738520
Property Type Single Family Residence
Price Type --
Location Location Location! This beautifully updated 3-bedroom, 2-bath home is perfect for those seeking modern comforts and a prime location on an almost 1/4 acre lot! Nestled in a great neighborhood at the base of Shadow Mountain, this property boasts several recent upgrades and desirable features to include: Freshly painted both inside and out, offering a clean and modern look; updated lighting fixtures throughout the home providing a bright and inviting atmosphere; new vanities in both bathrooms; a huge pantry provides ample storage space, making the Kitchen a dream for any home chef. Large sparkling diving pool in the private backyard. Huge pantry and updated lighting fixtures. New vanities. Enjoy your completely fenced, large sparkling diving pool in this beautiful backyard ensuring you can enjoy the outdoor space without all of the hassle! The home is ideally situated with a north/south facing orientation, maximizing energy efficiency and comfort. Don't miss the opportunity to own this move-in-ready home in a fantastic location - this one is special!

15999 W Montana De Oro Drive Surprise, AZ 85387

$645,000
4 Beds
3 Baths
2,515 SqFt
Status Active
MLS # 6747387
Property Type Single Family Residence
Price Type --
Gorgeous Home in Escalante For Sale that's better than new! The home has over $100,000 in upgrades all the way throughout, starting with the exterior that has charming curb appeal, front yard landscaping with lighting and irrigation, extra wide driveway pavers for additional parking, and additional pavers to the gate and beyond perfect for RV's, boats, toys, you name it! The interior has been completely upgraded as well, featuring soaring 10ft ceilings, 8ft doors, and a split floor plan that feels airy and bright! Notice the neutral wood look tile flooring and paint that go with any color! The kitchen is a chef's kitchen with massive island, 4-inch granite countertops, Upgraded GE Café Stainless Steel Appliances, custom drawers throughout, under cabinet lighting, and more! For gas cooking enthusiasts, it's stubbed and ready, too! The kitchen opens to the spacious family room, perfect for family time or entertaining, and features the 16 foot atrium sliding doors, giving that indoor-outdoor feel! The master bedroom is large, and boasts a resort style ensuite with raised countertops, double sinks, and a super-shower with two shower heads and granite bench, plus a massive walk-in closet! The additional bedrooms are spacious as well, and the secondary bathrooms have been equally upgraded. If that's not all, you'll love the flex space that could make for a perfect office, workout room, or craft space, the 3 car tandem garage with epoxy flooring, tankless water heater, spacious laundry room with stainless steel sink, and all the upgraded lighting and fans throughout! The backyard is your blank canvas, with plenty of space for a pool. Builder incentives are nice, but this house has it all, plus builder warranties, and with no build time! Escalante is a vibrant and family-friendly neighborhood renowned for its exceptional amenities and outdoor lifestyle. Nestled within this community are charming tree-lined streets that provide a serene backdrop to everyday living. Residents enjoy easy access to scenic hiking trails that invite exploration and adventure right at their doorstep. The neighborhood boasts a state-of-the-art aquatic center, perfect for relaxation and recreation. With eight select parks featuring ramadas, basketball courts, pickleball courts, and bocce ball courts, there's no shortage of recreational options. For disc golf enthusiasts, an 18-hole course offers a fun challenge, while a thrilling zip line provides endless enjoyment for kids. Escalante seamlessly blends active living with relaxation, making it an ideal place to call home. Welcome home!

5100 E Rancho Paloma Drive Unit 2059 Cave Creek, AZ 85331

$645,000
2 Beds
2 Baths
1,990 SqFt
Status Active
MLS # 6749719
Property Type Townhouse
Price Type --
VIEWS, VIEWS, VIEWS! Discover the best location for this end-unit condo in a beautiful newer and spacious gated community in Cave Creek. This residence offers generous square footage, featuring 2 bedrooms +an open den, and bright, open floor plan freshly painted & move-in ready! Meticulously maintained, home showcases modern contemporary design with neutral finishes, quartz countertops, 42'' cabinets, and a lg kitchen island. Refrigerator, washer, and dryer are included. The Primary Bedroom offers breathtaking views & includes an updated walk-in shower in the Primary Bathroom. This condo is Energy Star certified, equipped with Energy Star appliances, Low-E windows, & impressive energy efficiency rating from 2018. Spectacular views from the 14' sliding door that opens to large balcon

32120 N 167th Avenue Surprise, AZ 85387

$645,000
4 Beds
2.5 Baths
2,433 SqFt
Status Active
MLS # 6754547
Property Type Single Family Residence
Price Type --
**TRANQUILITY IN THE DESERT** This home boasts 4 bedrooms, 2.5 baths and a split floorplan. A roomy master suite with a luxurious bathroom attached. Large walk-in shower with separate soaking bathtub. Features a spacious walk-in closet with walkout access to the back patio. The three additional bedrooms are generously sized, all with large walk-in closets. You will find an abundance of storage, with sizable linen and hall closets, a large laundry room, and a walk-in pantry. The kitchen, with its granite countertops, is perfect for entertaining, complete with a breakfast bar. A 2.5 car garage provides enough space for your vehicles. Big lot has plenty of room for storage of your toys or RV. Blank canvas out back is ready for your design! Enjoy HOA-free living with beautiful desert views!

23919 W Pinnacle Vista Lane Wittmann, AZ 85361

$645,000
4 Beds
3 Baths
2,484 SqFt
Status Active
MLS # 6757913
Property Type Single Family Residence
Price Type --
Discover your dream homestead on over 1 acre of land, stunning mountain views and just a short drive to Surprise for all your daily needs. This property is perfect for those seeking space and freedom, with no HOA restrictions. Fenced yard closest to the house, the back RV/carport comes equipped with water and 220 AMP electric service, ready for all your vehicles and projects. A car enthusiast's dream, the 5-car garage features extra-tall doors for over height vehicles, a 220 outlet, and climate control, making it comfortable year-round. Inside, the chef's kitchen boasts granite countertops, upgraded maple cabinets with accent lighting, a walk-in pantry, and ample counter space for all your culinary adventures. The spacious primary suite offers a double-door entry, a private exit to the back patio, a huge walk-in closet, and a luxurious bathroom with a spa tub and walk-in shower. Additional highlights include two secondary bedrooms with walk-in closets, and a fourth bedroom with a separate entrance to the front of the home. The open floor plan is designed for entertaining, with seamless flow to the large covered patio, perfect for enjoying the breathtaking views of the White Tank Mountain Range. Don't miss this rare opportunity to own a unique, spacious property in a peaceful setting!

2124 E Osborn Road Phoenix, AZ 85016

$645,000
3 Beds
2 Baths
2,084 SqFt
Status Active
MLS # 6761427
Property Type Single Family Residence
Price Type --
Fantastic opportunity in the sought-after Loma Linda neighborhood! This 3-bed, 2-bath, 2,084 sq ft home offers a refreshing pool with a tranquil waterfall, perfect for relaxation or entertaining. A 2005 addition expanded the living space with a generous family room, an extra room with a private entrance ideal as a 4th bedroom or office, and an enlarged primary suite featuring a walk-in shower. The kitchen and bathrooms were beautifully remodeled in 2019 including cabinets with soft close doors & pull-out shelves. new windows installed in 2012, pool updated in 2023. North-south exposure, RV gate access, and no HOA make this a rare find! Don't miss out!

1731 W Dublin Court Chandler, AZ 85224

$645,000
3 Beds
2 Baths
2,041 SqFt
Status Active
MLS # 6765026
Property Type Single Family Residence
Price Type --
Nestled on a private corner cul-de-sac lot, this highly sought-after greenbelt home offers tranquility with a view fence and easy access gate. Step inside to discover an open, bright layout featuring 3 bedrooms plus a den/office space, perfect for today's flexible living. The recently remodeled kitchen (2018) dazzles with custom cabinets, quartz countertops, a chic backsplash, and all LG stainless steel appliances. The spacious family room boasts vaulted ceilings, porcelain tile flooring throughout, and a cozy fireplace, while plantation shutters add a touch of elegance. The primary suite is a true retreat with his & hers walk-in closets and serene backyard views. Enjoy Arizona living with two tiled backyard patios, ceiling fans, and a lagoon-style play pool, complete with a shallow lounging deck, in-water seating, and an automatic cleaning system. Bonus features include attic storage with flooring, an outdoor solar shower, a whole-house surge protector, and an upgraded hot water heater (2017). Recent upgrades include a full roof underlayment replacement (2018), fresh exterior paint, and updated interior paint (2022). A divider wall installed between the neighboring house ensures extra privacy, while mature landscaping and custom hardscaping make this home a year-round retreat.

10144 E Thistle Avenue Mesa, AZ 85212

$645,000
4 Beds
3 Baths
2,021 SqFt
Status Active
MLS # 6773083
Property Type Single Family Residence
Price Type --
We are proud to offer a magnificent private residence, nestled in this fantastic community! Sitting on a prime corner lot and offers all the luxurious features, upgrades, and finishes you would expect in a model home. The floor plan is open and bright and at the heart of the home you'll find the gourmet kitchen complete with a large island, that is perfect for entertaining friends and family, giving you ample space to prepare your favorite dishes. As you step through the large sliding door, a feeling of serenity overcomes you. The door seamlessly disappears, allowing you to fully embrace a luxurious indoor-outdoor experience. The covered patio beckons, inviting you to relax and take in the beauty of the fully landscaped backyard. The design is impeccable, with each element carefully chosen to create a harmonious ambiance. The vibrant greenery is a perfect contrast to the modern home's sleek exterior, evoking an oasis-like feel. This highly desirable location offers quick access to top-rated schools, premier shopping and dining establishments, as well as convenient freeway access. The surrounding area boasts a wealth of amenities, making it the perfect place for those seeking both convenience and luxury.

26904 N 24th Lane Phoenix, AZ 85085

$645,000
4 Beds
2 Baths
2,304 SqFt
Status Active Under Contract
MLS # 6771682
Property Type Single Family Residence
Price Type --
Discover this beautifully updated 4 bedroom, Den, 2 bath home, and make it yours! The paved entry courtyard is private yet welcoming. From the entry, step inside to a spacious living area with vaulted ceiling, electric fireplace and custom media wall (2023). The living area flows into the eat-in kitchen which includes granite countertops, painted cabinets, new light fixtures, stainless steel appliances, a pantry, and an island with a breakfast bar. The main bedroom is roomy and bright and offers an ensuite bathroom with double sinks, tub/shower combo and a walk-in closet with built-in organizers (2024). In your backyard, enjoy the covered patio with new ceiling fans (2024), a lush backyard lawn, a sparkling pebbletec pool (2022), new exterior lights (2024) and a tool shed, (more) for added storage. Additional features include wood laminate flooring throughout, new interior paint (2024), hardwired security system, new exterior paint (2024), and a new A/C unit (2017). There is plenty of storage in the 3-car garage, a spacious RV gate featuring new slats on both the North and South side gates (2024) and additional RV parking (complete with pavers installed in 2023) on the North side. This home is filled with recent upgrades and offers a perfect blend of style and comfort. All of this while conveniently located close to the TSMC campus, shopping, schools, restaurants and 3 different freeways. Come and check it out!

6253 E Phelps Road Scottsdale, AZ 85254

$645,000 - 3Br/2Ba -  for Sale in North Ranch Unit 6, Scottsdale
Open House
$645,000
3 Beds
2 Baths
1,999 SqFt
Status Active
MLS # 6776628
Property Type Single Family Residence
Price Type --
If you yearn to own a home that is surrounded by mature trees, green grass, and open spaces then this is your next home. Located in the desirable patio home community of North Ranch towards the end of a cul-de-sac just steps from the community heated pool and spa. Relax at the breakfast bar with your morning coffee and enjoy any time of day in the large dining area which can accommodate all your family and guests. The cozy family room off the kitchen has a wood burning fireplace for the cooler winters. New Air Handler in 2024, outside main water line replaced in 2024, roof recoated in 2023, garage door and opener replaced in 2023. Granite counters in kitchen with stainless appliances. Bathrooms updated with quartz counters, new faucets, refinished cabinets and new shower and bathtub. The HOA maintains the front landscaping as well as your back patio area, so it makes for a great lock and leave. Enjoy having a glass of wine on the back patio which overlooks the common grassy area. This home is close to great restaurants and shopping at Kierland Commons and Scottsdale Quarter

8350 W Mary Ann Drive Peoria, AZ 85382

$645,000 - 5Br/3Ba -  for Sale in Fletcher Heights, Peoria
Open House
$645,000
5 Beds
3 Baths
2,634 SqFt
Status Active
MLS # 6773644
Property Type Single Family Residence
Price Type --
Gorgeous Fletcher Heights Fulton home* Brand new Roof 2024* Brand new solar panels 2024- paid $35k* sparkling play pool* cozy mid west style front porch* 2634 sq ft* 5 bedrooms* 3 bathrooms* 2 car garage* beautiful remodeled kitchen w/ white cabinets & brushed nickel hardware* all stainless steel kitchen appliances* newer stainless steel Bosch dishwasher and refrigerator* freshly painted exterior pop outs* remodeled white linen and laundry cabinets* freshly painted white custom baseboards* new lighting fixtures and brushed nickel door handles* remodeled owners suite master bathroom w/ beautiful custom walk in shower* gas heat* gas fireplace in family room* full length cozy back patio* custom pavers in backyard, front yard and side yard* beautiful green synthetic grass installed in front and backyard* beautiful views on the full length walk out balcony right off the master bedroom* just resurfaced pool deck* gas water heater* added insulation in attic* raised block backyard wall a couple of feet for added privacy* nice backyard golf putting green* spectacular backyard for entertaining & enjoyment* highly desirable Fletcher Heights community* top rated Peoria schools* close to A+ Rated Sunrise Mountain High School* close to shopping* restaurants* schools* golf* Arrowhead Mall* the 101 and much more* fantastic home!

8180 E Dalea Way Gold Canyon, AZ 85118

$645,000 - 3Br/2Ba -  for Sale in Parcel 28-a At Superstition Foothills, Gold Canyon
Open House
$645,000
3 Beds
2 Baths
1,963 SqFt
Status Active
MLS # 6768087
Property Type Single Family Residence
Price Type --
SURROUNDED BY STUNNING MOUNTAIN VIEWS AND SPECTACULAR SUNSETS to enjoy in the tranquility of the backyard with a beautiful private pool. Not heated. Community pool included and Spa is heated in the HOA. Your large open concept kitchen has upgraded counters , a large pantry, beautiful staggered cabinets, gas stove and views of the Mountain through your large patio door. Featuring a automatic roller shade . New windows throughout the home. New LVP flooring in the secondary bedrooms. Bay window in Master suite overlooking the pool and Mountains. Upgraded walk in tile shower . North South exposure. Courtyard with pavers and gate facing the Mountain. THREE CAR GARAGE WITH 4 ft EXTENSION 220 line & RV gate. SOLAR and FURNISHED. Some items do not convey. New A/C in 2017

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