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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20815 W Canyon Drive Buckeye, AZ 85396

$639,900
2 Beds
2 Baths
2,125 SqFt
Status Active
MLS # 6743163
Property Type Townhouse
Price Type --
Discover one of the most pristine golf course villas in the Vallarta neighborhood of Verrado, perfectly situated at the base of the White Tank Mountains along the 5th fairway of the Verrado Golf Club Founders Course. This stunning residence offers breathtaking panoramic views of the golf course and mountains. Nestled within a picturesque gated community, this villa provides access to exclusive amenities, including a pool, spa, and BBQ area, in addition to the full range of facilities available to all Verrado residents. Impeccably designed with exceptional attention to detail, this home is upgraded with features that cater to the most discerning buyers. The backyard retreat is truly extraordinary with an extended covered patio, travertine decking, private pool and fire pit— a perfect setting for entertaining friends and family year-round. Don't miss the chance to experience this extraordinary property. Schedule your private tour today!

3432 E Strawberry Drive Gilbert, AZ 85298

$639,900
4 Beds
3 Baths
2,080 SqFt
Status Active
MLS # 6759348
Property Type Single Family Residence
Price Type --
This stunning, highly upgraded, ready-to-move-in single-level home offers 4 bedrooms, including a guest suite, and 3 bathrooms, in the highly desirable Bridges Gilbert community. Situated on a premium greenbelt corner lot, this home features an inviting built-in fireplace and an Arizona room for extra comfort and over $75K in upgrades. The kitchen is equipped with stainless steel appliances, a gas stove, and tile flooring, with carpet only in the bedrooms. The private, low-maintenance backyard with no rear neighbors is perfect for relaxation or entertaining. Ideally located near shopping, freeway access, and A+ rated schools, The Bridges at Gilbert provides bike paths, playgrounds, a splash pad, lakes, and more, all within walking distance of Gilbert Regional Park!

15677 W Campbell Avenue Goodyear, AZ 85395

$639,900
5 Beds
3.5 Baths
3,134 SqFt
Status Active
MLS # 6777332
Property Type Single Family Residence
Price Type --
Fully renovated gorgeous home. This stunning 5 bedroom, 3.5 bathroom home combines style, comfort, and modern amenities. Renovation includes but is not limited to new AC, new appliances, new carpet, tile, LVP, new paint interior/exterior, primary bath remodel, epoxy garage floors etc. Step inside to an open-concept layout, where a bright living room flows into a gourmet kitchen with stainless steel appliances, and a central island, perfect for entertaining. The spacious master suite includes a walk-in closet and an en-suite bath with a soaking tub and separate shower. Outside, enjoy a landscaped backyard and covered patio, ideal for relaxation. Located near top-rated schools, parks, shopping, and dining, this home offers both convenience and luxury.

18117 W Tecoma Road Goodyear, AZ 85338

$639,900
2 Beds
2 Baths
1,838 SqFt
Status Active
MLS # 6781120
Property Type Single Family Residence
Price Type --
Energy-efficient SOLAR property in the master-planned community of Estrella! Sweet curb appeal, desert landscaping & Inside, a rotunda foyer leads you toward the semi-open den & great room, providing endless entertainment. Pre-wired surround sound, durable tile flooring, custom paint, & gorgeous light fixtures. The kitchen showcases a center island w/breakfast bar, a pantry, staggered cabinets, mosaic backsplash, SS appliances, & granite counters. Split main retreat features backyard access & an ensuite boasting a separate tub/shower, dual sink, & walk-in closet w/stacked laundry area. Both bedrooms have soft carpets! Entertainer's backyard offers built-in BBQ, fireplace, covered patio, putting green, pool & spa combo, & view fence. Plus, solar panels! This home is the one! MTN Views! - DEN / LAKERS billiards Room Can be easily transitioned to 3rd bdrm.

12229 W Planada Lane Sun City, AZ 85373

$639,900
4 Beds
2.5 Baths
3,207 SqFt
Status Active Under Contract
MLS # 6766208
Property Type Single Family Residence
Price Type --
This exceptional 4-bedroom, 2.5-bath, two-story home offers a blend of luxury and convenience, sitting next to a serene greenbelt. The spacious kitchen features a walk-in pantry, granite countertops, a kitchen island, and plantation shutters, with a new dishwasher, range, and microwave installed within the last two years. The first-floor master suite includes a separate tub and shower, a large walk-in closet, and plenty of space for relaxation. Upstairs, you'll find a spacious loft, a generous size laundry room with built-in storage, and large bedrooms each with their own walk-in closet. The home is prewired for speakers in the dining room, living room, patio, and loft, with Skylink security and additional exterior security cameras in place. The backyard is an entertainer's dream, featuring a built-in BBQ, fire pit, spa, and gazebo. A sparkling pool with an extended Baja step (installed in 2013) completes the outdoor oasis. The property also includes a 2-car garage, a 20x40 extended RV garage with 220 50-amp service, built-in storage, and a new water heater, water softener, and RO system (all new in 2024). Additional upgrades include new exterior paint (2022) and a Ring doorbell.

1207 N Velero Street Chandler, AZ 85225

$639,900 - 4Br/3Ba -  for Sale in Strawberry Point 2, Chandler
New
$639,900
4 Beds
3 Baths
2,316 SqFt
Status Active
MLS # 6782367
Property Type Single Family Residence
Price Type --
Check out this stunning 4 bed 3 bath home in highly desirable Chandler! Brand new flooring throughout the house, new hardware, paint and more. Large living ares and an expansive backyard with a pool make this home great for entertaining. Take advantage of the opportunity to own one of the biggest homes in the subdivision at a great value.

10260 E White Feather Lane Unit 2003 Scottsdale, AZ 85262

$639,900
2 Beds
2 Baths
1,381 SqFt
Status Active
MLS # 6591799
Property Type Townhouse
Price Type --
Gorgeous mountain and golf course view from this 2 bd townhome in the coveted Troon Ridge gated community. Excellent quality in the upgraded rich cabinetry with granite tops and nicely appointed kitchen. Split bedroom layout perfect for guests or office, ample great room with space for large dining table and hutch. Bright and clean this property has been a single owner home and very lightly used. A convenient way to sojourn in the desert surrounded by green golf fairways, mountain vistas, abundant desert landscape and the unique rocky boulder formations specific to Troon. This private gated hidden community has a heated pool, spa, workout facility, tennis clubhouse, plus easy access to Troon North Golf. Close to 101 and the plentiful Scottsdale amenities, restaurants & shopping

5909 E Crocus Drive Scottsdale, AZ 85254

$639,900
3 Beds
2 Baths
1,416 SqFt
Status Active
MLS # 6702362
Property Type Single Family Residence
Price Type --
Location location location in the MAGIC 85254 zip code. This single story popular Monterey model, block constructed Crane home is located within minutes of the Kierland corridor. Features include: light/bright ceramic tile, newer roof(2023), newer AC(2020), N/S facing, low maintenance landscape, stainless steel appliances, granite countertops, partially updated baths and lighting, oversized laundry, plenty of storage, private patios and no HOA. Opportunity is knocking...welcome home!

22908 N Las Vegas Drive Sun City West, AZ 85375

$639,900
3 Beds
2 Baths
2,145 SqFt
Status Active
MLS # 6739579
Property Type Single Family Residence
Price Type --
REDUCED!! Welcome to this exceptional Lakeside model featuring three bedrooms and a spacious 2.5-car garage. Ideal for owners with full-size trucks, this home boasts stacked stone accents trimming the front, along with a pergola and a covered back patio. Numerous updates throughout provide modern convenience. Additional amenities include an extra refrigerator in the garage and a prepaid solar lease. Positioned along the 5th hole of the Desert Trails golf course, this residence is nestled within Sun City West, renowned for its nine golf courses, four recreation centers, and numerous pickleball courts.

1408 Vista Montana Road Unit 10 Sedona, AZ 86336

$639,900
3 Beds
2 Baths
2,000 SqFt
Status Active
MLS # 6732197
Property Type Townhouse
Price Type --
Location Location Location! Vista Montana is one of the most desirable subdivisions to live in due to accessibility to amenities yet is quiet & peaceful at the same time. This beautiful two-story home has an airy, open feel, with high ceilings & three outdoor spaces: back patio, front patio, & upstairs primary balcony. Home has ample parking with an oversized single car garage, an uncovered spot, plus right in front of garage. Popping into Whole Foods, ACE Hardware, Sky Rock for a cocktail to take in the lovely views, Airport Mesa for hiking, or up to Posse Grounds Park for mountain biking, hiking trails, the Dog Park, & events at the outdoor amphitheater has never been easier or faster. This well-maintained subdivision has a community pool and clubhouse in addition to friendly neighbors. There are amazing sunsets from the living room window, upstairs primary balcony and upstairs guest/office window that look to the west.

1391 N Alexis Drive Gilbert, AZ 85234

$639,900
3 Beds
2 Baths
2,108 SqFt
Status Active
MLS # 6737857
Property Type Single Family Residence
Price Type --
Welcome to 1391 North Alexis Drive where curb appeal greets you when arriving at this beautiful, updated home on a corner lot (with a neighbor only on one side!). Every smart buyer is sure to appreciate that the driveway is shaded by a Texas Mountain Laurel and the front windows and yard are shaded by a gigantic Texas Ebony Tree. This home is well-landscaped in the front and backyard with mature shrubs and palms. Now, step inside and fall in ''house-love''! This home features a spacious split floor plan with the primary bedroom to the right upon entering, and the other bedrooms at the opposite end of the house, with a ton of amazing features in between, including a home office! Sky-high vaulted ceilings and an abundance of natural light can be found throughout this home, and the light colored wood like tile flooring perfectly compliments the cool color palette. Are you seeking a spacious living room that can accommodate gigantic sofas or sectionals and a flatscreen TV with views of your backyard oasis? Picture yourself entertaining in this crisp kitchen with stainless steel appliances including a double oven and brand new dishwasher, overlooking a sizable formal dining room and unique home bar. There's so much to enjoy! Down the hall, you'll find the linen closet and two secondary bedrooms which are about equal in size and share a full bath. The home office overlooks the entryway to the home so you can keep an eye on things while you WFH, OR convert it easily into bedroom #4. The primary bedroom has more views of that backyard oasis, and can accommodate sizable bedroom furniture. There's a private en suite bathroom with separate shower and tub, two sinks, a LARGE capacity walk-in closet. There's even more fun to be found out back in the U-shaped backyard where you can have it all! Enjoy your covered patio while you gaze beyond the walls at your neighborhood scenery with soaring palms and views of lush leafy trees, take a dip in your sparkling pool, entertain outdoors with the massive island and built in grill, and have peace of mind knowing that your dogs or other pets are safe with their own gated area with newer gravel and turf. The Superstition Meadows neighborhoods have such a great sense of community, host holiday events, and boast many original owners and so many friendly faces. THIS is the place you'll want to call home for years to come, so get ready to plant some roots on Alexis Dr!

17724 W Ocotillo Avenue Goodyear, AZ 85338

$639,900
3 Beds
3 Baths
2,718 SqFt
Status Active
MLS # 6754137
Property Type Single Family Residence
Price Type --
Experience mountain living in this beautiful, gated semi-custom TW Lewis home in Estrella Mountain Ranch. Located on a spacious corner lot just under 1/3 acre, this home is filled with luxury upgrades. The master bedroom offers an extended patio and elegant single lite door, while the master bath features a tiled snail shower. The cozy living area includes a fireplace with custom media niches, and the 3-car garage provides ample space with a service door. Enjoy energy-efficient solar shades, security doors, and a pebble stone driveway. The expansive backyard is ready for your dream pool or oasis.

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