Epic Housing Shortage Being Reported

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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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

2925 W Lynx Drive San Tan Valley, AZ 85144

$610,000

3 Beds

2.5 Baths

2,357 SqFt

Status Active

MLS # 6782690

Property Type Single Family Residence

Price Type --

Welcome to this beautiful, newer home in the desirable Promenade by Fulton Homes! This spacious 3-bedroom + office features an open floor plan, ideal for modern living. The kitchen is a standout with sleek finishes and ample storage, while the built-in fireplace adds warmth and charm to the living space. Enjoy the convenience of a built-in mudroom area, keeping your home organized. The 4-car tandem garage offers plenty of room for vehicles and storage. With no front yard neighbors, you'll enjoy added privacy. Community amenities include a pool, parks, volleyball, basketball, and pickle ball courts, plus you're close to hiking, shopping, and the new Pecan Lake Entertainment. This home offers the perfect balance of comfort and convenience!

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20750 N 87th Street Unit 2142 Scottsdale, AZ 85255

New

$610,000

2 Beds

2 Baths

1,356 SqFt

Status Active

MLS # 6785238

Property Type Apartment

Price Type --

Prestigious Encore at Grayhawk 2-bedroom, 2-bath with 2 car garage overlooking lush open space with mature trees. Beautiful cul-de-sac location in center of community. Great room floor plan with gas fireplace, open to kitchen with stainless appliances, gas range, granite countertops, spacious pantry and breakfast bar. Master suite has own balcony, large walk-in closet, double sink vanity, garden tub and shower. Private and tranquil on both balconies. Washer, dryer and all appliances included. 2 car garage directly below unit with direct access. Lightly lived in and in excellent condition. Close to community pool, fitness center, clubhouse, Grayhawk Golf Club, Isabella's Restaurant, MoJo's, Quill Creek Restaurant, DC Ranch Market Street, and more. See Floor Plan in Photos.

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1914 N San Luis Circle Sierra Vista, AZ 85635

$610,000

3 Beds

3 Baths

2,965 SqFt

Status Active

MLS # 6784470

Property Type Single Family Residence

Price Type --

Welcome to the Hexagon Home, an unique Pearl Certified SIP Home (Structural Insulated Panels) with 8'' layered external walls. Three bedrooms, two and a half bathrooms, plus a large bonus room. The home has a living area of 2,965 sqft surrounding a 2,700 sqft enclosed courtyard, with a total of 6,150 sqft of everything between the exterior walls. Features include a two car attached garage with RV port, 6' deep pool with water feature, Trex Decking and water capturing system in courtyard, handmade redwood doors, indirect and recessed lighting throughout the home, gourmet kitchen with leathered granite, 36'' oven and stove vent with heat rack, red oak cabinets, 10' and 18' ceilings, glazed dual pane windows, German Blackout rolling shutters, rustic chestnut Pergo floors and gas fireplace There are two new furnaces and AC units, two new 40 gallon water heaters, walk in jetted jacuzzi tub, stained glass window coverings in a cathedral style third bedroom, amazing views of Fort Huachuca and five named mountain ranges. This is a one of a kind enchanting home, see it today!

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2412 W Crimson Terrace Phoenix, AZ 85085

New

$610,000

3 Beds

2 Baths

2,131 SqFt

Status Active

MLS # 6785687

Property Type Single Family Residence

Price Type --

Discover the charm of this exquisite 2,131 sq ft home in the desirable Carefree Crossings community. Ideally located just 5 miles from the TSMC Semiconductor plant, it offers the perfect balance of work and relaxation. Enjoy panoramic mountain views, stunning sunsets, and star-gazing under clear desert skies, free from city lights. In spring, watch hot air balloons drift by. The resort-style backyard features a sparkling pool with pencil jet waterfalls, ideal for entertaining or relaxing. With easy access to Sedona and Flagstaff, weekend getaways are shorter drive, saving you time for the adventures you love. Perfect for both peaceful retreats and lively gatherings!

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1419 California Drive Chino Valley, AZ 86323

$610,000

3 Beds

2 Baths

1,937 SqFt

Status Active

MLS # 6651628

Property Type Single Family Residence

Price Type --

This stunning single-level home in the Chino Valley is a hidden treasure, surpassing the allure of new constructions. Its flawless design and meticulous layout make it a true gem. Boasting 3 bedrooms, 2 baths, and a 2-car garage, this spacious abode offers everything you need. As you step inside, the open and airy ambiance, created by the high-volume ceilings, instantly embraces you, making you feel right at home. In summary, this single-level home surpasses expectations with its impeccable design, thoughtful layout, and luxurious features. It is a haven of comfort and elegance, offering a true sense of home. This remarkable home goes above and beyond with its thoughtful features and attention to detail. Each of the 3 bedrooms boasts its own spacious closet, ensuring ample storage

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1023 E Fairmont Drive Tempe, AZ 85282

$610,000

4 Beds

2 Baths

1,761 SqFt

Status Active

MLS # 6673927

Property Type Single Family Residence

Price Type --

Near ASU and downtown Tempe this charming 4-bedroom, 2-bath home featuring a 2-car garage and RV gated/storage area that is covered with access from front and back. This residence boasts a perfectly flowing layout showcasing tile and wood vinyl flooring, soothing color palette and plantation shutters. The kitchen connects to the living and dining areas with oak cabinetry, a mosaic backsplash, stainless steel appliances, induction oven, modern track lighting and sleek quartz counters. A/C unit is 3 yrs old. French doors lead to a covered patio. Entertaining will be a breeze on the patio with rope lighting or near the fire pit. Home includes security doors and roller shields in rear. New sewer lines in past few yrs.

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930 Leisure World -- Mesa, AZ 85206

$610,000

3 Beds

2 Baths

2,330 SqFt

Status Active

MLS # 6749579

Property Type Single Family Residence

Price Type --

Welcome to this beautifully updated, one-owner home in the highly desirable Leisure World community, celebrated for its exceptional amenities. Since 2004, this home has undergone extensive updates, including new LVP flooring in the kitchen, all new carpet, and paint both inside and out, and a newer roof. Both bathrooms and the kitchen have been stylishly renovated, featuring custom cabinetry, granite countertops, and modern appliances. The master bath offers a zero-step shower and grab bars for ease of access. The home is ADA compliant. Enjoy the large front patio with a rose garden, pergola, and travertine pavers—perfect for entertaining. Plus, it's equipped with surround sound and wiring for data and security systems. Among the lowest HOA fees in the neighborhood.

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19618 N 19th Place Phoenix, AZ 85024

$610,000

4 Beds

2.5 Baths

2,005 SqFt

Status Active

MLS # 6717356

Property Type Single Family Residence

Price Type --

New Roof, recently updated AC, Beautiful family home in a tranquil community located on a premium oversized cul-de-sac lot that backs up to a mountain preserve. Property boasts views from the front and the back decks of the valley lights and night stars; 4 bedrooms all upstairs, fireplace downstairs. Beautiful granite countertops and wood cabinets; RV gate with large concrete pad for RV or boat storage or future pool; backyard is an oasis for relaxing, fire pits, desert plants and several fruit trees and private view of the mountain preserve. Close to shopping and 101 access.

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899 S Roanoke Street Gilbert, AZ 85296

$610,000

4 Beds

2.5 Baths

1,892 SqFt

Status Active

MLS # 6723501

Property Type Single Family Residence

Price Type --

Welcome to your dream home in a prime Gilbert neighborhood, offering an exceptional blend of modern luxury and serene surroundings. This meticulously maintained property offers the perfect blend of indoor comfort and outdoor tranquility, making it an ideal choice for discerning buyers. Bathed in natural light, this home boasts extensive remodeling with attention to detail. Featuring waterfall countertops, the kitchen is both stylish and functional, catering to culinary enthusiasts. Custom accent walls in the living room and primary bedroom add character and charm. Experience luxury in the spa-like primary bathroom, offering a retreat within your own home. Enjoy a large, private backyard adorned with fruit trees and a sparkling pool, ideal for relaxation and entertaining. New roof in 2021.

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26511 N Thornhill Court Peoria, AZ 85383

$610,000

3 Beds

2.5 Baths

1,950 SqFt

Status Active

MLS # 6728282

Property Type Single Family Residence

Price Type --

This is a beautiful, professionally designed model home that you won't want to pass up! This is the Ashton Woods Oasis floorplan, with the lot situated in a cul-de-sac with great views. This home includes several upgrades to start with a pavered driveway and entry, epoxy coated garage floor, water softener, and a solar system! Moving inside you will find the upgraded lighting throughout, built-in speakers, modern accent trim walls, master walk-in shower with rain shower faucet, upgraded laundry room with cabinets, counter and sink, and a 4-panel sliding door, that provides abundant natural light, and invites you to the covered patio. The backyard is aesthetically landscaped with pavers, artificial turf, and tile beneath a pergola creating perfect space to enjoy the outdoors.

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19004 N 25th Way Phoenix, AZ 85050

$610,000

4 Beds

3 Baths

2,106 SqFt

Status Active

MLS # 6730783

Property Type Single Family Residence

Price Type --

Beautiful & well maintained home is now available! This home has too many upgrades to list! It has 4 bedrooms, 3 bathrooms, a 3 car garage, NO HOA, large corner lot on a cul-de-sac, large pool & new fencing around it, citrus trees in the back yard (orange & lemon). Full length covered rear patio, large kitchen with granite countertops, & lots of cabinet space. Here are some of the recent updates on the home: Roof- 2011 Kitchen remodel 2011 Pebbletec added to pool 2014 Trane 19 Seer AC unit 2014 PAID OFF & owned Solar system 2015 Aeroseal of the ductwork 2016 New Anlin windows for the entire home 2020 New kitchen appliances 2021 New variable speed pool pump 2023 New washer & dryer 2023 This home has RV parking space & gate, is close to 101, 51 & 10 minutes to Desert Ridge.

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14583 W Georgia Drive Surprise, AZ 85379

$610,000

4 Beds

3.5 Baths

3,476 SqFt

Status Active

MLS # 6733528

Property Type Single Family Residence

Price Type --

Amazing Opportunity!!!! Seller offering $7500.00 towards closing cost or buy down interest rate. Newer built home with perfectly appointed designer touches in a fabulous and most desirable Surprise location. Spectacular kitchen with a huge walk-in pantry, oversized island, quartz counters, Large great room. Exercise room or toy room off of great room. Formal dining room or office. Wood tile flooring. Laundry room upstairs. Loft and generous owner suite. Jack and Jill bath. Walk in closets in other bedrooms. This home has it all. It is a dream home. Short walk to the state of the art clubhouse, fitness center, resort style pool, BBQ are, basketball courts and playground. Family orientated neighborhood with holiday and pet parades. Come enjoy.

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