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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16197 W Berkeley Road Goodyear, AZ 85395

$645,000 - 4Br/3Ba -  for Sale in Palm Valley Phase 8 South Parcel, Goodyear
Open House
$645,000
4 Beds
2.5 Baths
2,677 SqFt
Status Active
MLS # 6757161
Property Type Single Family Residence
Price Type --
New Listing Alert: The Unicorn of Goodyear! Welcome to 16197 W. Berkeley Road, a rare and remarkable find in one of Goodyear's most desirable locations! This home stands out from the rest—combining charm, beauty, and all the modern features you've been searching for. Prime Location: Situated in the heart of Goodyear, this home is just minutes from brand-new restaurants, shopping, and the highly anticipated Goodyear Civic Center. It's more than just a home—it's a gateway to a vibrant lifestyle! Inside the Home: -4 spacious bedrooms that provide plenty of room for everyone. -2.5 bathrooms, beautifully maintained and designed with functionality in mind. -Chef's kitchen with double ovens, granite countertops, and ample storage—a central hub perfect for entertaining, and enjoying time with loved ones. -The open-concept living space offers an inviting flow from the kitchen to the living areas, ideal for large gatherings or cozy family nights. -A versatile dining room that can easily transform into a home office or playroom to suit your personal needs. Backyard Retreat: Step outside and unwind in your private outdoor oasis: -Brand-new turf for low-maintenance landscaping. -A sparkling pool, perfect for cooling off on hot summer days. -Elegant travertine pavers, ideal for outdoor dining or lounging, creating a resort-style vibe in your own backyard. This home offers a rare combination of location, design, and outdoor living. Opportunities like this don't come along often. Don't miss out on this unicorn!

16155 E Glenview Place Fountain Hills, AZ 85268

$645,000 - 2Br/3Ba -  for Sale in Glenview, Fountain Hills
Open House
$645,000
2 Beds
3 Baths
1,776 SqFt
Status Active
MLS # 6774302
Property Type Single Family Residence
Price Type --
Close to middle school and high school in Glenbrook subdivision. Nice 2 master bedrooms with 2.5 baths. Granite counter tops, stainless steel appliances. Plantation shutters throughout. All one level, no carpet. 2 car garage. Covered patio in back with some artificial turf, and beautiful landscaping.

5934 S Juniper Street Tempe, AZ 85283

$644,999
4 Beds
2 Baths
2,004 SqFt
Status Active
MLS # 6726731
Property Type Single Family Residence
Price Type --
A stunning single-family home located in the heart of Phoenix has 4-bed, 2-bath home has 2004 sqft, 2 car garage, sparkling pool & covered patio. Brand new Roof. You will be greeted by a bright & airy floor plan that's perfect for entertaining. The spacious living room features soaring ceilings, large windows that let in plenty of light, a cozy fireplace with beautifully decorative tile from floor to ceiling that's perfect for chilly nights. The kitchen comes with stainless steel appliances, quartz countertops & brand-new shaker cabinets. Brand new vinyl wood & carpet flooring throughout the home. Enjoy the fully upgraded, spa like bathrooms with high end shower system, framed mirrors, shower niche, & custom vanities. No HOA. Don't miss out!

6732 W Coles Road Laveen, AZ 85339

$644,999
4 Beds
3.5 Baths
2,819 SqFt
Status Active
MLS # 6775041
Property Type Single Family Residence
Price Type --
WELCOME HOME!! This house is a MUST SEE, it's like a model! Not only does this home have a great location but the seller has spared no expense on upgrades! Gorgeous wood look tile, chefs kitchen, touchless faucet, glass rinser, amazing light fixtures and an 80'' 3 sided electric fireplace. Surround sound in living room and outdoor patio speakers, plus ample storage throughout. Masters retreat is on first level with an unbelievable master closet and a gorgeous office. Three more beds located upstairs, one a with a complete on-suite bath and walk-in closet, there is also a large loft, perfect for the family to spread out and have their own space. There are no homes behind your new house for complete privacy and has amazing mountain views from the second story. The backyard is a complete blank slate for you to make into your own oasis. Seller has two sets of pool plans

18938 W Ocotillo Road Waddell, AZ 85355

$644,990
4 Beds
2.5 Baths
2,561 SqFt
Status Active
MLS # 6739870
Property Type Single Family Residence
Price Type --
MOVE-IN BEFORE THE HOLIDAYS!!! It's the very popular Cinnabar with 4 bedrooms + study, formal dining, 2.5 baths. This home is stunning with the multi slide door off the great room and leads out to the covered patio. Pavers at drive, walk and entry. Stainless steel gas appliance package with 30'' cooktop, wall oven, microwave and hood. Barnett maple Boulder-gray cabinets with 42 kitchen uppers. Pull out trash drawer with two bins. Stainless steel undermount single bowl sink. AZT Hana Sky quartz countertops in kitchen and owner's bath. Upgrade flooring includes DT Broxburn Gray 6x24 plank tile in all areas of the home except bedrooms and closets. 5'' baseboards and 3 1/4'' baseboards. Dual sinks at bath 2. Garage service door and so much more.

22675 E Happy Road Queen Creek, AZ 85142

$644,948
4 Beds
3 Baths
2,546 SqFt
Status Active
MLS # 6761632
Property Type Single Family Residence
Price Type --
Brand new home, under construction in Queen Creek. Move in anticipated for approximately Jan/Feb. Ranch exterior style. 4 bedroom, 3 bathroom, and 3 car side-by-side garage. Gourmet appliances include stainless gas cooktop, oven, microwave, and dishwasher. Upgraded 42'' white cabinets are complemented by white quartz designer countertops and a stunning tiled backsplash. Wood-look tile throughout the home and plush carpet in the bedrooms. Home warranty included! Enjoy an amenity-rich lifestyle with community fitness center, sparkling pool and jacuzzi, pickleball courts, basketball, shaded play structures, play lawns, 2 dog parks, and more. PREMIUM HOMESITE, this home has no neighbor directly behind and backs to a greenbelt. Please ask about our special financing incentives!

28228 N 213th Drive Wittmann, AZ 85361

$644,900
4 Beds
2.5 Baths
2,142 SqFt
Status Active Under Contract
MLS # 6754209
Property Type Single Family Residence
Price Type --
GATED ENCLAVE. This home is the first home on the west side. Situated on a dead end,1.12 acre canvas of potential, this brand new home is a blank canvas waiting for your personal touches. With 2,142 square feet of living space, it is the perfect blend of comfort and sophistication. Need space for your toys? This home boasts an attached 55X13.6 foot RV garage, so your RV, LQ or toys will easily fit here. Upon entering, you will encounter high-end touches such as elegant quartz countertops, crown molding, 5'' baseboards, sleek tile wood-like floors, and modern fixtures throughout. Entertain in the open-concept living space where the gourmet kitchen is the heart of the home. Equipped with stainless steel appliances, ample counterspace, a separate walk in pantry, and a ton of storage space culinary delights are just waiting to be created. Your primary bedroom is split with an ample bathroom that includes dual sinks with quart countertops, a curbless shower and separate soaking tub, and large walk-in closet. Outside, let your imagination run wild. Whether you are dreaming of creating an oasis with a sparkling pool, shade trees and gardens or a mare motel and loping arena, it's right here waiting for you. For the energy conscious Buyer, the ceiling has foam insulation equivalent to R16 and it keeps the bugs and dust out. Concerned about the leach field location? This septic system has a vertical leach field so you don't have to worry about where the lines are when you are installing your dream pool or mare motel. And, this is synthetic stucco so you never need to paint it. There is a complete list of features under the document tab in the MLS that is available to the public. Hurry and make this home your own.

14383 W Coronado Road Goodyear, AZ 85395

$644,900
4 Beds
2.5 Baths
3,020 SqFt
Status Active
MLS # 6773453
Property Type Single Family Residence
Price Type --
WINNER OF BEST OF REALTOR TOUR. Beautiful home in the EXCLUSIVE CORTILE GATED community in Palm Valley. 9/24 HVAC. 10/24 3 color Exterior Paint/Walls. Rock Veneer. 3 Car Garage w/ Charging Station. Paver Driveway & Walkway. Tall Ceilings in this Semi-Open layout w/ Separate Living, Dining & Family Rooms off kitchen. Gourmet Kitchen has SS Appliances, Quartz Countertops, Large Pantry, Staggered Cabinets, Mosaic Tile Backsplash & Large Island w/ Sink. Den/ Office/Playroom/Workout room! Spacious main bedroom boasts an ensuite w/ 2 vanities, soaking tub, & large walk in closet. Perfect SO backyard w/ nice patios & Playset. Winter Rye Seeded. Beautiful Rec Center w/ Swimming Pool/Spa, Golf Course, Pickleball, Tennis & Children's Play Area. Close to shopping, restaurants & theaters. Close to I-10 and 303.

23680 N 168th Lane Surprise, AZ 85387

$644,900
4 Beds
3 Baths
2,860 SqFt
Status Active
MLS # 6781921
Property Type Single Family Residence
Price Type --
Welcome to the epitome of modern elegance and spacious living in this Aurora floor plan, located in the desirable community of Asante in Surprise, AZ. This immaculate home features 4 bedrooms, 3 full bathrooms, and an additional den area perfect for a teen wing or guest quarters. As you approach the home, you'll be struck by its stunning curb appeal and meticulous landscaping on a desirable corner lot. The private courtyard entrance sets the tone for this beautiful home. Upon entering, you'll be greeted by an abundance of natural light pouring in from the two large sliding doors in the Great Room and Dining Area, creating a bright and welcoming atmosphere. Every window in the hoam showcases gorgeous plantation shutters! ... The open concept layout seamlessly connects the living area, dining area, and kitchen, making it ideal for entertaining or a busy household. Holiday cooking will be easy in this sleek kitchen that boasts granite countertops, stylish cabinetry, a large island, and modern stainless steel appliances. The home features three full bathrooms, each with their own unique design and luxurious finishes. The primary suite is a peaceful retreat, complete with a spa-like walk-in shower, dual sinks, and spacious dual closets. Nestled between two bedrooms split from the primary suite, the den area offers a versatile space for a teen wing or entertainment zone for guests. Practical features such as epoxy garage flooring and attached garage storage make organizing and storage a breeze. Step outside into the beautifully manicured yard, with mature trees and low maintenance turf, providing a serene outdoor space for relaxation and gatherings. This home has been meticulously maintained and is move-in ready, offering a high-quality living experience in the vibrant Asante community. Don't miss the opportunity to make this your dream home.

3017 W Sahuaro Drive Phoenix, AZ 85029

$644,900
5 Beds
2 Baths
2,143 SqFt
Status Active
MLS # 6510059
Property Type Single Family Residence
Price Type --
Currently a very successful Air BnB! Fully renovated 5 BEDRM & 2 BATH Luxury Home is located in the center of Phoenix. Walking distance to shops and restaurants. 15 miles to PHX Cardinal football Stadium and Suns basketball arena. This Home features - Diving Solar Heated Pool - 2 Stall Garage with brand new door and myQ Opener - Walk-in Closet - Indoor Fireplace and outdoor firepit - new front/back landscape (pavers/tuff) - Vaulted ceilings - new heater - Freshly painted inside/outside.

7233 W Corrine Drive Peoria, AZ 85381

$644,900
4 Beds
3 Baths
1,982 SqFt
Status Active
MLS # 6510891
Property Type Single Family Residence
Price Type --
This fully renovated 4 bedm, 3 bath Luxury Home, is currently a very successful AIR.B.n.B. Walking distance to shops and restaurants. 7 miles to PHX Cardinal football Stadium / Westgate District. This Home features - Solar Heated Play Pool with connected Spa - 2 Stall Garage - Walk-in Closet - Indoor Fireplace - new front/back landscape (pavers/tuff) - Vaulted ceilings - New water heater - Freshly painted inside.

7008 E Lynx Wagon Road Prescott Valley, AZ 86314

$644,900
4 Beds
3 Baths
2,655 SqFt
Status Active
MLS # 6733564
Property Type Single Family Residence
Price Type --
Welcome to beautiful Stoneridge. This home has it all. With plenty of space for friends and familyand all the amenities you need. Main level living with additional bedrooms upstairs. The open floor plan invites you to enjoy family gatherings, perfect for entertaining. Enjoy breathtaking views from the large open lot. Walking distance to the golf course, restaurant and parks. Call today before this home is gone!

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