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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24041 N 171st Lane Surprise, AZ 85387

$621,995
4 Beds
3 Baths
2,890 SqFt
Status Active
MLS # 6684177
Property Type Single Family Residence
Price Type --
Come see this Julia dream home! Included features: an inviting covered entry; a convenient laundry; an elegant dining room leading onto a covered side porch; a spacious great room; a gourmet kitchen offering 42'' cabinets, quartz countertops, an extended center island, a butler's pantry and a walk-in pantry; a roomy nook with large center meet doors; an extended covered patio; a versatile flex room; an impressive primary suite showcasing extra storage in the bath and a generous walk-in closet; a study in lieu of a storage area; a 2-car garage and a single-car garage. This home also offers front yard landscaping and driveway pavers as well as ceiling fan prewiring, wood laminate and stone tile flooring and additional windows in select rooms. This is a must see!

21873 E Saddle Court Queen Creek, AZ 85142

$621,995
3 Beds
2.5 Baths
2,500 SqFt
Status Active
MLS # 6731525
Property Type Single Family Residence
Price Type --
The single-story Cassandra plan showcases an open layout with a great room with a multi-sliding glass door, a breakfast nook, a large gourmet kitchen and a 2-car garage. The primary suite is adjacent, and boasts a generous walk-in closet and an attached bath with a large walk-in shower. Two additional bedrooms flank a full bath, and the nearby study.

19016 W Rose Lane Waddell, AZ 85355

$621,915
6 Beds
3.5 Baths
3,159 SqFt
Status Active
MLS # 6770159
Property Type Single Family Residence
Price Type --
Amazing 2 story floorplan, Downstairs owners suite plus guest suite. Professionally decorated gourmet kitchen, quartz center island with stainless appliances, Wood plank tile in common areas, Quartz countertops, tiled backsplash, staggered Harbor cabinets, oversized great room and eat in kitchen, oversized laundry room. Massive loft upstairs, Jack & Jill bath. Enjoy the peaceful sunsets on your covered patio and mountain views. Plenty of room for everyone and extra space in the 3 car tandem garage. This home will be completed in December/January

6798 W Andrea Drive Peoria, AZ 85383

$621,900
3 Beds
2.5 Baths
2,051 SqFt
Status Active
MLS # 6722958
Property Type Single Family Residence
Price Type --
Turnkey READY NOW-North/South Exposure. Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'El Dorado' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes White Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 9' ceilings, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. *Photos of similar spec to show layout, options will vary*

10130 S Bickwell Trail Apache Junction, AZ 85120

$621,848
5 Beds
4 Baths
3,099 SqFt
Status Active
MLS # 6768168
Property Type Single Family Residence
Price Type --
Discover the exceptional difference in your home-buying experience! Welcome to Laurel at Blossom Rock, where our 2-story Ponderosa design w/ LIVE in SUITE is under construction now. Imagine an open-concept floor plan featuring a warm and welcoming kitchen that flows into a bright, airy great room. This space opens up to your private, extended covered outdoor room - perfect for relaxing or entertaining. With 5 spacious bedrooms, 3 luxurious baths, a great room with a dining area, and a flexible office space, this home has everything! Plus, we're including $81,000 in stunning upgrades to make this home truly special, and we're offering special financing to help NOW.

3836 W Antelope Way San Tan Valley, AZ 85144

$620,995
6 Beds
4.5 Baths
3,164 SqFt
Status Active
MLS # 6779216
Property Type Single Family Residence
Price Type --
Check out this beautifully crafted home with well-appointed interior finishes. The pronounced front entry opens to a two-story foyer with a grand staircase. Premium finishes in the kitchen include name-brand appliances, upgraded cabinets, and tile floors. The open-concept great room is the perfect atmosphere for entertaining, with connectivity to the dining area and expansive views of the outdoor living space. A large loft space on the second floor creates an abundance of living options that are perfect for the way you live. Come experience your dream home today!

3946 W Antelope Way San Tan Valley, AZ 85144

$620,995 - 4Br/3Ba -  for Sale in The Preserve San Tan - Unit 2b, San Tan Valley
New
$620,995
4 Beds
3 Baths
2,908 SqFt
Status Active
MLS # 6784619
Property Type Single Family Residence
Price Type --
*Home is still Under Construction* Check out this beautifully crafted home with well-appointed interior finishes. A large center island in the kitchen overlooks the casual dining area. The open-concept great room is the perfect atmosphere for entertaining, with connectivity to the dining area and expansive views of the outdoor living space. A large loft space on the second floor creates an abundance of living options that are perfect for the way you live. The resort-style amenities in this community will make your family feel they're on vacation year-round. Experience the luxury you've always wanted by touring today.

15531 W Piccadilly Road Goodyear, AZ 85395

$620,900
2 Beds
2 Baths
2,154 SqFt
Status Active
MLS # 6778730
Property Type Single Family Residence
Price Type --
South facing beautiful golf course home with front courtyard entry. Enchating outdoor living area with outdoor pergola, outdoor kitchen, outdoor bar, Misting system, Personal size Shasta Pool and heater if you want. Great landscaping for your privacy. Owner Solar with new solar converter, and if you have a green thumb a potting station, new heating and air, water softener system located in garage that as extra space for golf cart plus a hand wash sink in garage, front and back yard water system in him RO water system under sink. Sunburst shutters in Bedrooms and custom home office with built in custom cabinetry, Bedrooms both have walk-in closets. Both bathrooms updated. This home impresses with its high ceilings custom designed ET wall with lighting and built-in surround sound system with amplifier with builtin speakers. Great room with gas fireplace, 60in TV and windows have Hunter Douglas custom window treatments. bump out windows in kitchen nook second bedroom, ceiling fans, Stunning granite counters and klithen is upgrades and has under cabinet lighting, Spacious Utility Room. Also garage has storage cabinets. carpet free home, fence backyard. Seller is providing a home warranty.

4380 E Prairie Lane Cottonwood, AZ 86326

$620,000
3 Beds
2 Baths
1,855 SqFt
Status Active
MLS # 6740171
Property Type Single Family Residence
Price Type --
This stunning, newly built property is perched atop a scenic hill, offering breathtaking mountain views from every angle. The modern design of the home seamlessly integrates with the natural landscape, featuring a split floor plan. Inside, the open-concept layout is highlighted by high ceilings, sleek finishes, and an abundance of natural light. The expansive outdoor patios provides the perfect spot for enjoying the serene surroundings and picturesque sunsets.

18214 W Medlock Drive Litchfield Park, AZ 85340

$620,000
4 Beds
2.5 Baths
3,031 SqFt
Status Active
MLS # 6769264
Property Type Single Family Residence
Price Type --
Beautiful 4-bedroom home in Azure Canyon! Its charm starts with a mature landscape, 4 car garage, & a private courtyard. Home exudes elegance with chic light fixtures, a neutral palette, tons of natural light, and tile & plush carpet t/out. Just off the front entry, you'll find a formal dining room & a versatile den. The large living room perfectly flows onto the gourmet kitchen, making entertaining a bliss! Granite counters, a walk-in pantry, a large island, espresso cabinetry, a cozy nook, and SS appliances w/cooktop gas make up the culinary space. Primary bedroom has an ensuite with dual sinks & a walk-in closet. Laundry room with cabinetry & storage closet. You'll LOVE the north-facing backyard with a covered patio, well-laid pavers, artificial turf, & mountain views! Just WOW!

36095 N Desert Tea Drive Queen Creek, AZ 85140

$620,000
4 Beds
3 Baths
1 SqFt
Status Active
MLS # 6585436
Property Type Townhouse
Price Type --
Welcome to this tastefully decorated and designed property located in the highly desired gated community of Encanterra! Downstairs, this home offers the primary room, a guest bedroom, bathroom and laundry. Upstairs, you're greeted with a cosy loft, two bedrooms and third bath. The kitchen is complete with quartz countertops, modern cabinetry, glass tile backsplash and GE Monogram stainless steel appliances with built in refrigerator, dual ovens and warming drawer. You want it furnished, 'lock & leave' status... Sure! Relax and enjoy yourself under the covered back patio with a built-in BBQ looking out to a large grassy area. Welcome home!

18138 W Robin Lane Surprise, AZ 85387

$620,000
5 Beds
3 Baths
3,021 SqFt
Status Active
MLS # 6656137
Property Type Single Family Residence
Price Type --
Nestled in a tranquil neighborhood, this captivating two-story pool home offers plenty of space for relaxation and entertainment. With 5 bedrooms and 3 bathrooms, there's an abundance of space for both personal retreats and gatherings. This residence is not only designed for luxury living but also for practicality. The NextGen suite, with its private entrance, refrigerator, and bathroom offers flexibility for guests, in-laws, or the opportunity for rental income. A bonus den downstairs provides a versatile space for a home office, playroom, or guest room. Upstairs, a massive loft creates the perfect canvas for a home theater, game room, or additional living space tailored to your lifestyle and the convenience of an upstairs laundry room adds to the overall functionality of the home... The kitchen is adorned with stainless steel appliances and centered around a generous island. Whether you're hosting a dinner party or enjoying a quiet family meal, this kitchen is equipped to meet your needs. The property features extra space for side parking behind an RV Gate that includes a 50 AMP RV plug, but what truly sets this property apart is its unparalleled privacy, backing up to a serene wash that ensures peace and seclusion. Step outside onto your massive patio (or deck if you are on the second floor) where a pebble-finished pool finished with travertine deck and a putting green awaits, providing both entertainment and relaxation in your own backyard. Motivated sellers open to all offers.

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