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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3235 Josey Wales Way Wickenburg, AZ 85390

$619,000
2 Beds
2.5 Baths
2,229 SqFt
Status Active
MLS # 6764213
Property Type Single Family Residence
Price Type --
Welcome to your dream home, featuring 2 bedrooms, 2.5 bathrooms, all within over 2,200 sq ft of beautifully designed living space. The interior exudes a sleek and modern aesthetic, enhanced by an open floor plan that promotes a seamless flow. A private office/den comes with a Murphy bed and solid wood barn doors. The heart of the home is the kitchen, which boasts a large island perfect for meal prep and casual dining.The cabinetry and finishes create an inviting space for culinary enthusiasts and entertaining guests alike. The adjoining living area is bright and airy, anchored by a wall of sliding glass doors that lead to a generously sized, fully remote screened in patio, ideal for outdoor gatherings and relaxation while enjoying the serene 180 degree mountain views. This property has undergone significant upgrades since its last listing, ensuring it looks nothing short of amazing. With attention to detail and contemporary design elements, you'll appreciate the fine craftsmanship and thoughtful layout. The spacious primary suite offers a serene retreat with an en-suite bathroom featuring modern fixtures, while the second bedroom provides ample space for guests or family. Additional features include a convenient 3-car garage, providing plenty of storage and parking options. This home not only exemplifies modern living but also offers a lifestyle of comfort and elegance.

9065 E Gary Road Unit 147 Scottsdale, AZ 85260

$619,000
3 Beds
3.5 Baths
2,001 SqFt
Status Active
MLS # 6765428
Property Type Townhouse
Price Type --
You'll love this beautifully updated 3 bedroom, 3.5 bath townhome that sits nestled in the gated community of Arroyo Madera Estates in Scottsdale! New roof, A/C unit, carpet and paint! This home features 2 master bedrooms (1 up and 1 down). A premium lot with North/South exposure. This home has an open floor plan with high vaulted ceilings. Large loft upstairs with lots of natural light. All bedrooms are large with large, walk-in closets. 2 car attached garage with direct entry into the home. Private yard, balcony, and security system. This is an all gated community with 2 large heated pools and spas along with resort like landscaping. Centrally located with access to all the freeways, recreational multi use path, great shopping and dining! SHORT TERM RENTAL ALLOWED

7253 E Nance Street Mesa, AZ 85207

$619,000
3 Beds
3 Baths
1,925 SqFt
Status Active
MLS # 6766033
Property Type Single Family Residence
Price Type --
Absolutely gorgeous home with a heated pool in the desirable Trailridge at Las Sendas gated community. This 3 bedroom, 3 bath home shows off the pride of ownership right when you walk in the door. The kitchen offers crown molding cabinets, granite counter tops and a large island. The master suite offers a huge walk in closet along with dual vanity sinks. The highlight of your low maintenance backyard is the beautiful pool in the back complete with a heater for year-round use! The gated community offers a large club house, workout facility, a spa, pickleball courts, community pools, parks and sporting fields along with bike and hiking trails to enjoy the desert landscape!

8972 E Arizona Park Place Scottsdale, AZ 85260

$619,000
2 Beds
2 Baths
1,446 SqFt
Status Active
MLS # 6766971
Property Type Single Family Residence
Price Type --
STUNNING SCOTTSDALE RETREAT! This fantastic 1446 SF haven boasts the perfect blend of comfort, style, and functionality! With 2 bedrooms plus a den, a spacious living room, and an open-concept kitchen, this home offers effortless flow and entertainment possibilities. Enjoy the private backyard oasis, perfect for relaxation and alfresco fun. And rest assured, this home has been meticulously maintained, with new flooring throughout, updated bathrooms, and a hassle-free experience - the cold AC is a refreshing treat, and everything is in working order, with no issues to worry about! And the best part? It's nestled in the most coveted area of Scottsdale, between Shea and 92nd Street, just moments from top-rated restaurants, supermarkets, and entertainment hotspots. Schedule your visit today

2449 E Inglewood Street Mesa, AZ 85213

$619,000
3 Beds
2 Baths
2,038 SqFt
Status Active
MLS # 6767409
Property Type Single Family Residence
Price Type --
Fully professionally/beautifully updated 3 bed/2 bath in one of the cutest neighborhoods in Mesa. No HOA!! Huge 10,633 sqft private lot with substantial RV parking/gate, swimming pool, covered patio and cozy outdoor settings to relax in the evenings. Attention to detail on the design in the home will make anyone feel like they are on vacation. Open concept floorplan, spacious master bedroom with en-suite bath and much more. All new flooring/lighting/quartz counters/custom backsplash, stainless appliances/custom 5'' baseboards/new paint inside and out. Minutes to the 202 with great entertainment and shopping nearby. Close to Mesa and PHX airports. This one is a must see!

29757 N 133rd Avenue Peoria, AZ 85383

$619,000
2 Beds
2 Baths
1,752 SqFt
Status Active
MLS # 6768766
Property Type Single Family Residence
Price Type --
PRICE REDUCED on this BEAUTIFUL UPGRADED Vibrant Model in Trilogy at Vistancia. CHEF'S GOURMET Kitchen Features GRANITE Counter tops, DESIGNER Back Splash, SS Appliances, Gas Cooktop with Separate Wall Oven. STAGGERED Cabinets with Roll Outs, Under Cabinet Lighting, Island. Whole House RAIN SOFT Water Filtration System. Surround Sound, Upgraded DESIGNER Lighting Throughout, Wood Plank Tile Floors with Upgraded Carpet & Pad in Bedrooms. Smart Room Features Cabinets Galore with Sink & Desk. Relax in the Den with Built In Cabinets & Wine Frig. Plantation shutters, Ceiling Fans, & Stone Fireplace in Great Room, 4 Panel Slider to Fabulous PRIVATE Back Yard Featuring, SYNTHETIC GRASS, PERGOLA, FIRE PIT, B/I GAS BARBECUE, PUTTING GREEN, LUXURIOUS THERAPEUTIC HOT TUB & AUTOMATIC SUNSHADES. Designer Front Screen Door. Neutral pallet throughout & close to cul de sac for quiet area. Epoxy garage flooring for easy clean ups. Perfect Home to Entertain and Enjoy the AZ Trilogy Lifestyle.

21654 N 106th Lane Peoria, AZ 85382

$619,000
5 Beds
3 Baths
3,074 SqFt
Status Active
MLS # 6770888
Property Type Single Family Residence
Price Type --
Motivated Seller will buy down the interest rate for the buyer with a good offer. .House vacant on lockbox. Beautiful 5 bedroom 3 bath, plus a loft/game room, front living/dining room combo, family room, breakfast bar, stainless steel appliances, oak 42 inch cabinets, 3 car garage with cabinets in both 2 car and single car garage, covered patio, ceiling fans throughout, separate tub and shower in master, great neighborhood, easy to show, move-in ready, all new carpet

7601 E Roosevelt Street Unit 1010 Scottsdale, AZ 85257

$619,000
3 Beds
2.5 Baths
1,967 SqFt
Status Active
MLS # 6772879
Property Type Townhouse
Price Type --
Great central location! This home features 3 bedrooms plus a large loft/office area with a home office nook. Minutes from ASU and Old Town Scottsdale with easy access to the 101 and 202 freeways. Quiet, small complex with a community pool. Enjoy sunsets from your balcony or landscaped backyard with turf and extended paver patio. Custom master closet, soaking tub, and double sinks in the master bath. Granite counters in the kitchen and baths, upgraded faucets, and a Blanco kitchen sink. Custom sunscreens on all south windows to improve efficiency. Directly on the Scottsdale greenbelt with miles of lakes, parks, and trails. 2 car attached garage with ev charging

22647 E Avenida Del Valle -- Queen Creek, AZ 85142

$619,000
5 Beds
3 Baths
2,799 SqFt
Status Active
MLS # 6773273
Property Type Single Family Residence
Price Type --
This beautifully designed 5-bed, 3-bath home in the Meridian community offers 2,799 sqft of modern living space, built in 2018. Featuring tile throughout the main areas, with carpet in the bedrooms, a massive family room, and a 3-car garage, this home blends style and functionality. Plus, the paid-off solar provides excellent energy savings! Enjoy Meridian's 5,000 sqft pool, parks, and scenic trails, along with the nearby Frontier Family Park offering playgrounds and picnic areas. This stylish, move-in ready home is a must-see in one of Queen Creek's most desirable communities!

26815 N 65th Avenue Phoenix, AZ 85083

$619,000
4 Beds
2.5 Baths
2,244 SqFt
Status Active
MLS # 6775468
Property Type Single Family Residence
Price Type --
Great 4-bedroom home located on a desirable corner lot of a private cul-de-sac with stunning mountain views! Split floor plan boasting wood flooring, formal dining, custom pain finishes, and a charming living room for entertaining. The eat-in kitchen has built-in appliances, honey oak cabinets, ample counters, and a breakfast bar for casual meals. The main bedroom is downstairs and offers a bathroom with a separate tub/shower, dual sinks, and a walk-in closet. Upstairs, you'll find the secondary bedrooms along w/French inspired stained glass at entrance of 2nd story windows. The fabulous backyard features a view fence, a covered patio, and a sparkling blue pool. Close to shopping, restaurants, and other attractions. Really nice home!

4223 E Walnut Road Gilbert, AZ 85298

$619,000
3 Beds
2 Baths
2,045 SqFt
Status Active Under Contract
MLS # 6776030
Property Type Single Family Residence
Price Type --
PRICED RIGHT (AND) NEWLY UPDATED...The Search Is Over! GUARD GATED TRILOGY AT POWER RANCH with a SOUTH-FACING BACKYARD for Winter Sun & Summer Shade! Enjoy outdoor moments in the backyard, complete with a Full-Length Covered Patio, Lush Low-Maintenance Landscape and Natural Turf. Spacious great room with high ceilings, soothing palette, and plantation shutters. Grand kitchen with quartz counters, sleek stainless-steel appliances, two-tier island with a breakfast bar for casual meals, plus an eat-in dining nook. A versatile double-door den or 3rd bedroom is ideal for an office or lounge. Sizeable main bedroom with sitting area, classy closet wardrobe room, spacious bathroom with granite counters, dual sinks, walk-in tub, and separate shower. Tile flooring and recessed lighting throughout!

12221 E Chiricahua Place Gold Canyon, AZ 85118

$619,000
4 Beds
2.5 Baths
1,943 SqFt
Status Active
MLS # 6776779
Property Type Single Family Residence
Price Type --
Beautiful former model home (Shiloh floor plan) featuring 4 bedrooms, 8-foot interior doors, a gourmet kitchen with granite countertops, staggered cabinetry, and stainless steel appliances. This spacious home includes a 3-car front-entry garage, paver driveway, and fully landscaped yard. Enhanced with rain gutters, a water softener, upgraded PVC drip system, push-up window blinds, and an extra paver patio off the garage door—perfect for a smoker or BBQ area. Ideally located near the Superstition Mountains and Tonto National Forest, offering breathtaking views, and easy access to mountain biking, hiking, and walking trails. Enjoy serene desert beauty and a peaceful lifestyle just a short drive from Phoenix metro. Turnkey and barely lived in—just bring your toothbrush!

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