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

71 Lake Patagonia Road Nogales, AZ 85621

$600,000

4 Beds

3.5 Baths

2,962 SqFt

Status Active

MLS # 6759683

Property Type Single Family Residence

Price Type --

Welcome to Patagonia Lake Subdivision. Enjoy the luxury lifestyle afforded with this 4 bed 3.5 bath residence nestled on a 4.4 acre lot with panoramic views. The soaring ceilings create a feeling of great space and security. This residence will make a great winter residence or a terrific year around home. Well maintained, this concrete block/stucco home boasts 6'' thick walls, Anderson Windows, R27 walls & R50 ceilings for comfort and energy efficiency in every season. 8' solid mahogany doors add a touch of elegance. Other features include, granite counters, bonus room (5th bedroom?), walk in closets, jetted bathtub, solar heated swimming pool, covered patio, private well, 2 car garage and fenced back yard. Seize this opportunity to call this masterpiece home

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9514 E San Carlos Way Globe, AZ 85501

$600,000

4 Beds

4 Baths

2,689 SqFt

Status Active

MLS # 6764529

Property Type Single Family Residence

Price Type --

Charming Country Home Coming Soon Discover your dream retreat in this beautiful 4-bedroom, 2 full 2 half-bathroom country home, boasting an expansive 2,689 sq. ft. of living space on a serene 1.43-acre lot. Enjoy the beauty of nature with multiple fruit trees and a convenient watering system. Relax and unwind as you take in the stunning views of Apache Peak from your own backyard. This property also features a detached garage, providing ample storage and workspace. Don't miss the opportunity to own this perfect blend of comfort and tranquility!

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3431 E Fairview Street Gilbert, AZ 85295

$600,000

3 Beds

2 Baths

1,862 SqFt

Status Active

MLS # 6770358

Property Type Single Family Residence

Price Type --

Location, location, location! Beautifully upgraded single-level home in the highly sought-after Pecos Park community of Gilbert! Offering 3 bedrooms and 2 baths, this residence boasts new interior paint, elegant light fixtures and fans, plantation shutters throughout, and more! The vaulted ceilings and seamless open floor plan allow for ample natural light, creating a bright and airy ambiance throughout the home. The gourmet kitchen is a chef's dream, featuring granite countertops, a spacious island with breakfast bar, stainless steel appliances, and recessed lighting. The primary suite offers dual vanities, a soaking tub, step-in shower, and a walk-in closet. Outside, enjoy your private oasis with mature trees and landscaping, and a large covered patio.

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1145 E Del Rio Street Gilbert, AZ 85295

$600,000

4 Beds

2.5 Baths

2,395 SqFt

Status Active

MLS # 6768818

Property Type Single Family Residence

Price Type --

Original owners! This well taken care of home. Home has 4 bedrooms (one bedroom downstairs) plus a loft and 2.5 baths. Downstairs bedroom has a minisplit AC unit in it. Bedroom #2 and #3 upstairs have walk-in closets. 2 car garage with epoxy floor, roll down screen door and side service door. Over 8,000 sf north/south lot has an easy maintenance front yard, grass backyard and play pool with removeable fence and variable speed motor/pump. Extra bonus is the RV gate with plenty of storage space on the east side of the house. 2 storage sheds in backyard will convey. Roof approximately 2 years old. NOTE: The section of the roof where the solar panels are was not reroofed. 5 year old AC units and air handlers. 7 yr. old water heater. Water softener. Solar is a prepaid lease.

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22788 E Orion Way Queen Creek, AZ 85142

$600,000

4 Beds

3 Baths

2,634 SqFt

Status Active

MLS # 6767865

Property Type Single Family Residence

Price Type --

Welcome to the Harvest Community in Queen Creek! This welcoming community has multiple parks, a children's playground, scenic lake, community pools and more. You can't miss Food Truck Wednesdays!You'll love the layout of this new construction home - four bedrooms PLUS a den/office, and 3 full bathrooms. The kitchen has been designed with Tahoe Maple Stained ''Coffee'' cabinets with 42' Uppers and a 4 1/2'' crown detail. Vahalla granite countertops, a 30'' gas cook top and large walk in pantry paired with an impressive great room. Upgraded flooring with EMS Baccarat 12x24 tile and Level 9 Cedar Grove berber carpet. Step into your primary retreat - great space, with a large en suite bathroom and walk in closet. Top it off with a 3 car tandem garage for plenty of storage. MUST see in person!

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13607 W Springdale Drive Sun City West, AZ 85375

$600,000

2 Beds

2 Baths

3,291 SqFt

Status Active

MLS # 6768546

Property Type Single Family Residence

Price Type --

Great Opportunity To Own This Popular San Carlos EXPANDED Model: Allowing for the extra square footage to total 3291l. This 2 bedroom, 2 bathroom, 2.5 Car Garage (GOLF CART GARAGE), is fantastically located off of the 4th Teebox, perfect run with the cart! The spacious living room, AZ room, primary master bedroom & bath, guest bedroom, bath count with expansions. Home boasts an arrays of room to entertain your friends, family and other guests. Enjoy the nice seasonal weather and relax in your new home, coupled with an enclosed patio with gorgeous views of the mountains & golf course. North/South sun exposure limits direct sunlight. Great moment to capitalize to make this property your own, at current pricing structure! Buyer to verify all.

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2705 W Summit Place Chandler, AZ 85224

$600,000

3 Beds

2 Baths

1,703 SqFt

Status Active

MLS # 6769650

Property Type Single Family Residence

Price Type --

This highly sought-after home, perfectly situated on a prime corner lot, is ready to be yours! The beautifully updated interior showcases fresh neutral paint, tile flooring, and newer windows that fill the space with natural light. Relax or entertain in the cozy living room, complete with newer carpet. The inviting great room features sliding glass doors that lead to the back patio, creating a seamless indoor-outdoor living experience. The gourmet kitchen boasts stainless steel appliances, ample cabinetry, granite tile countertops, and a two-tier island with a breakfast bar. Double doors open to the main bedroom, featuring plush carpeting, a spacious walk-in closet, and an ensuite bathroom with dual sinks and a luxurious floor-to-ceiling tiled shower. The delightful backyard offers a covered patio, artificial turf, and a newer saltwater pool system, newer pump, filter, Pebble Tec finish, LED lighting, and cool deckingperfect for enjoying warm summer days. Don't miss out on this unique gemit will go fast!

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6633 N 19th Drive Phoenix, AZ 85015

$600,000

5 Beds

5 Baths

2,066 SqFt

Status Active

MLS # 6770906

Property Type Single Family Residence

Price Type --

Beautifully upgraded 5 bed, 4.75 bath home with a private pool in a prime location near I-17, GCU, and downtown Phoenix! This home boasts a stunning kitchen with granite counters, a Subzero fridge, and under-cabinet lighting. The spacious primary suite features surround sound extending to the pool area, all controlled from the primary closet. In addition to the primary suite, two other bedrooms offer the privacy and convenience of en-suite bathrooms. Enjoy the convenience of an ADA bathroom in the hallway and an outdoor bathroom with shower for poolside guests. With plenty of shopping and dining nearby, this home is perfect for those seeking both comfort and convenience. Don't miss out on this gem!

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1809 E Minnezona Avenue Phoenix, AZ 85016

$600,000

3 Beds

2 Baths

1,353 SqFt

Status Active

MLS # 6771653

Property Type Single Family Residence

Price Type --

This is already an income producing property as it grossed 51,288.32 over the last 12 months. A great investment opportunity for Builders or anyone looking to increase their home size and value! Approved building plans and permits to add a 2-stall garage and over 700 sq foot of additional living space will be included with the purchase of this property. The approved permits and plans would add an additional master suite, living room and laundry room. The original house was fully remodeled in 2023 and is has been a very successful rental property.

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21222 N 124th Avenue Sun City West, AZ 85375

$600,000

3 Beds

2 Baths

2,528 SqFt

Status Active

MLS # 6775437

Property Type Single Family Residence

Price Type --

Step into this spacious, sun-soaked 3-bedroom, 2-bath San Simeon model, perfectly nestled on the golf course! The open floor plan offers vaulted ceilings and large windows, filling the home with natural light and breathtaking views. The modern kitchen boasts granite countertops, abundant cabinetry, and a cozy breakfast nook with views of the greens. The expansive back patio is an entertainer's dream, featuring plenty of seating and a serene golf course view—ideal for morning coffee or evening gatherings. The master suite offers private patio access, while the oversized laundry room and ample storage ensure practicality. Best of all, everything in the home is included, making it truly move-in ready. Your dream home awaits!

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3962 E Melinda Drive Phoenix, AZ 85050

$600,000

3 Beds

2.5 Baths

1,874 SqFt

Status Active

MLS # 6774343

Property Type Single Family Residence

Price Type --

Absolutely gorgeous home with tons of on-trend features located in the sought-after gated Fireside at Desert Ridge Community. The chef's kitchen incorporates cherry cabinetry, granite counters, center island with breakfast bar, gas cooktop, and stainless appliances. The luxurious master suite offers a walk-in closet and an en-suite bathroom with dual sinks and walk-in shower. Other features include a private patio with irrigation, gas water heater, 2 garage spaces, convenient upstairs tech space, a large downstairs bonus room, 18in travertine tile flooring, and an oversized laundry room with cabinety. Fireside in Desert Ridge is one of the most sought after communities in Phoenix because of its endless amenities that include multiple parks, walking paths, and a full community center with large swimming pools, several different sport courts, cutting edge fitness centers, spectacular clubhouse/rec center, and MUCH more! Also, this home is inside the prestigious PV School district and is just a short drive to Desert Ridge Mall with top-shelf shopping and dining!

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1640 S Spruce Lane Show Low, AZ 85901

$600,000

3 Beds

2 Baths

1,540 SqFt

Status Active

MLS # 6775134

Property Type Single Family Residence

Price Type --

This adorable 3 bedroom, 2 bath home is the perfect fit for a weekend getaway or a long term solution to escape the AZ heat. The open kitchen with stainless appliances makes entertaining easy as it opens into the family room overlooking the back porch and tall pines. The master bath has a large shower with double sinks. Add a cul-de-sac lot and charming front porch to the long list of amenities this home has to offer! Enjoy the amenities that Torreon has to offer - golf, pool, family center, fishing pond, etc!

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