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.

What’s Your Home Worth?

Search for Your New Home

27211 N 111 Street Scottsdale, AZ 85262

$2,500,000
3 Beds
3.5 Baths
3,653 SqFt
Status Active
MLS # 6762898
Property Type Single Family Residence
Price Type --
Nestled in the serene landscape of North Scottsdale, this rustic luxury retreat offers a peaceful escape on 4.76 acres of tranquil desert beauty, complete with unobstructed panoramic views. The residence features a split floor plan with three bedrooms, including a luxurious primary suite with immediate patio access, a spacious walk-in closet, two private bathrooms one of which is spa-like featuring neutral and granite finishes, a separate shower, and a sumptuous soaking tub. Two additional bedrooms and office space are located on the opposite side of the home for added privacy. A private exterior entrance leads to the dedicated office space, ideal for remote work. The property boasts a sparkling pool, relaxing hot tub, an outdoor fireplace, and a rooftop deck—perfect for watching Arizona's breathtaking sunsets. The bonus game room offers direct patio access to the pool and outdoor fireplace, creating the perfect entertainment space for both indoor and outdoor living. The home includes three full bathrooms, a powder room off the kitchen, and an additional powder room connected to the game room with direct access from the pool. Recent updates include a new air conditioning unit in 2021, a new roof in 2022, and a sun screen on the patio near the game room, installed in 2019. With an updated kitchen, private casita, wrap-around driveway, and detached work garage ideal for a mechanic or great storage for your car collection, this property is the perfect blend of rustic charm and luxury, offering a peaceful sanctuary in the heart of the desert.

5060 S Avenida Corazon De Oro -- Gold Canyon, AZ 85118

$2,500,000
4 Beds
3.5 Baths
4,765 SqFt
Status Active
MLS # 6779848
Property Type Single Family Residence
Price Type --
MLS lot listing 6632766 and lot listing 6535955 to be included in the sale. Experience luxury living at Vista Del Corazon in this custom hillside estate totaling 1.91 acres spread over 3 lots overlooking the 4th hole of the Dinosaur course at Gold Canyon Resort, framed by the stunning Superstition Mountains. This estate's disappearing glass wall seamlessly connects indoor and outdoor spaces, revealing mountain views from the gourmet Thermador kitchen with dual islands and tons of storage. Entertain in style with a formal dining/billiards room and wet bar and home theatre. The primary suite offers panoramic views, dual vanities, an oversized shower, and dual closets. Outdoors, a zero-edge pool and spa, paired with travertine tile, create a perfect multiple tiered entertaining space.

10699 E Fernwood Lane Scottsdale, AZ 85262

$2,500,000
3 Beds
3.5 Baths
2,990 SqFt
Status Active
MLS # 6776062
Property Type Single Family Residence
Price Type --
Beautiful soft contemporary golf course home. Offering views of mountain vistas, sunsets, and city lights! Featuring 3 bedrooms and 3.5 bathrooms, natural wood flooring, upgraded custom cabinets throughout, granite and quartzite countertops, 2 fireplaces and separate wet bar. Private outdoor living with sparkling pool, built-in bbq, and multiple patio spaces to enjoy the sunrise, sunsets, and twinkling valley lights. Full golf membership available.

10362 E Nolina Trail Scottsdale, AZ 85262

$2,500,000
4 Beds
4.5 Baths
3,901 SqFt
Status Active Under Contract
MLS # 6771865
Property Type Single Family Residence
Price Type --
GOLF MEMBERSHIP AVAILABLE. Ideal location within the world class community of Desert Mountain. This beautiful home is being sold fully furnished. Lovely backyard backs to very private, natural open space on two sides with mountain views Walking distance to Sonoran Fitness Club. Impeccable home with fabulous kitchen & family room; beautiful dining room & sitting room with fireplace all looking out onto pool, patio & mountains; All rooms have large, wonderful glass windows bringing the outside in. 4 large on-suite bedrooms; wonderful bar. 3 car garage. A great home for entertaining!

9496 W Freedom Trail Peoria, AZ 85383

$2,500,000
5 Beds
5.5 Baths
4,838 SqFt
Status Active Under Contract
MLS # 6776025
Property Type Single Family Residence
Price Type --
Welcome to this exquisite luxury custom home situated on over an acre in the beautiful community of Cibola Vista. Featuring 5 bedrooms, 5.5 bathrooms, dedicated office, and flex/game room, no detail was overlooked. Enter through 2 large courtyards to take in the uniqueness of this very special 4838 square foot residence. The gourmet kitchen has Cambria quartz countertops, premium appliances, massive island, dual kitchen cooking areas, and lovely large breakfast room. This opens to great room with fireplace, floor to ceiling windows retractable a full 90 degrees. The 12 foot ceilings add to the grandness of this spectacular home. All bedrooms have walk-in closets, and private bathrooms. Primary bedroom is massive, with a highly upgraded primary bath, stunningly finished. Elegant touches fill every inch, including Cambria countertops throughout home, luxury vinyl flooring, lovely window treatments, and highly upgraded fixtures. Enjoy the 4 car attached garage with ev charger. Detached huge RV garage has been pre-built for a casita (plans available). Additionally, slab parking can accommodate 8 more vehicles, with RV gate at side. Outside, enjoy the lovely heated play pool and spa, with removable glass fencing. Two custom gazebos add to the outdoor living with built in barbecue, cooler, tv, and smoker. Sport court for the pickleball enthusiasts, basketball court, tennis. Childrens' Ruff House play set to keep the kiddies busy! All landscaping is beautifully done, with artificial grass for ease of care. This home is truly special, and checks every box! Near the 303, Lake Pleasant, restaurants, and shopping. Welcome to your desert oasis, intended for the most discerning buyer.

8742 E Woodley Way Scottsdale, AZ 85266

$2,500,000
4 Beds
5 Baths
4,613 SqFt
Status Active
MLS # 6747685
Property Type Single Family Residence
Price Type --
In addition to the new custom home design, the owners have invested in additional upgrades. A professionally designed desert landscape featuring rolling terrain with marquee desert plant specimens. Expanded patio spaces created for enhanced outside living. The north facing heated pool is in the sun while the covered patios provide large shaded areas to eat and relax. The large lot provides for even more eastward expansion if desired. Windows and doors with direct sunlight have been tinted to maximize energy efficiency of the three zone heating and cooling system. The pool, HVAC and indoor and outdoor lighting can be controlled remotely as well as the monitored security and camera systems. The home features custom wood cabinetry throughout with dovetail joinery and soft-close hinges and glides. All four large bedrooms feature walk-in closets and ensuite baths and large showers. The attached casita features its own external entrance off the front patio for your guests.

25323 N 104th Way Scottsdale, AZ 85255

$2,500,000
5 Beds
5 Baths
4,438 SqFt
Status Active
MLS # 6778685
Property Type Single Family Residence
Price Type --
Discover luxurious living on a golf course lot with stunning views, nestled in the prestigious Troon Fairways community. This remarkable property located on Hole 1 boasts a spacious main home with 3 bedrooms and 3.5 baths downstairs, plus attached guest quarters on the second floor featuring an additional bedroom and bath—ideal for visitors or multi-generational living. Enjoy the heated pool and hot tub year round while taking in the views. Also included is a charming 1 bedroom, 1 bath detached 795 sqft Casita with Kitchenette & Living Room for the ultimate private retreat. With access to Troon's renowned amenities—championship golf courses, scenic trails, and a vibrant clubhouse—this home offers the finest in Scottsdale living.

38520 N 103rd Place Scottsdale, AZ 85262

$2,500,000
4 Beds
4.5 Baths
4,481 SqFt
Status Active Under Contract
MLS # 6695745
Property Type Single Family Residence
Price Type --
This captivating home, tucked into Desert Mountain's village of Eagle Feather, radiates exterior sophisticated charm and welcomes the impressive soft contemporary open, great room, split floorplan of the interior. Sitting adjacent to vast open space, the site provides stunning views of natural Sonoran Desert, colorful sunsets, mountains and city light sparkles. Exterior allure abounds with its tiled roof sections, graceful angles, and circular dimensions, creating a harmonious fusion of style and function. As you approach, the paver driveway leads you through a gated courtyard, beckoning you to experience the seamless transition between indoor and outdoor living. The charming ambiance is enhanced by a delightful three-tiered water feature, surrounded by a lush garden of exotic cacti, verdant trees, and fragrant shrubs, providing the perfect setting for relaxation and rejuvenation. Step through the grand metal and glass door into a spacious, light-filled interior that exudes luxury and comfort at every turn. The expansive great room serves as the focal point, offering unparalleled views and access to the outdoors, complemented by two striking floor-to-ceiling stacked stone walls adorned with a linear fireplace and mounted TV. For the culinary enthusiast, the kitchen is a true delight, featuring ample granite counter space, a generously sized island with bar seating, and high-end Viking appliances, all seamlessly integrated into the open-concept design that connects effortlessly to the formal dining area and circular casual dining space. Retreat to the sumptuous primary ensuite, situated in the South wing, a retreat unto itself, boasting a palatial layout complete with fireplace, mounted TV, circular sitting area with serene views, and access to a private patio. The spa-like bathroom is equally impressive, offering a lavish soaking tub, dual vanities, and a spacious walk-in shower, along with two designer closets designed to indulge the senses. A versatile office, studio or guest bedroom provides flexibility to accommodate various lifestyle needs. For family and guests two additional ensuites, one with pool access, are thoughtfully positioned in the North side of the home, ensuring peaceful privacy. For the utmost in outdoor enjoyment saunter out to the magnificent outdoor oasis. The stack stone circular spa spilling into the curvilinear lines of the negative edge pool invite the serene yet dazzling views. The covered living and dining spaces, pool side sunning spaces and built-in grill and bar provide hours of pleasure day and night. For cooler nights the stacked stone firepit entices star gazing into the magical skies. Throughout the home, attention to detail is evident, with design features such as geometric cove-lit ceilings, mitered windowpanes framing lush views, and luxurious finishes including stacked stone interior walls, tiled floors, low-pile carpeting in the bedrooms, and granite counters and vanities. Located in the prestigious Desert Mountain community, with a wealth of amenities, including 7 exclusive clubhouses, 7 championship golf courses, 20 miles of hiking trails, and more, promising a lifestyle of unparalleled luxury and recreation. Embrace the epitome of desert living and make this extraordinary residence your own, where every day is an opportunity to savor the beauty and tranquility of Desert Mountain. This property does not have a membership to The Desert Mountain Club available. Waitlists apply for membership.

8233 E Foothill Circle Scottsdale, AZ 85255

$2,500,000
4 Beds
4 Baths
3,540 SqFt
Status Active
MLS # 6746614
Property Type Single Family Residence
Price Type --
Gorgeous home in desirable Pinnacle Peak Country Club situated on the golf course with mountain views. Breathtaking sunrises from your extended covered patio. Resort like backyard is amazing with a heated pool and spa, covered built in bbq, putting green tons of lighting for parties or privacy for romantic dinners. This custom home comes with 4 bedrooms and 4 bathrooms that have all been updated. Primary bedroom with fireplace, dual vanities, walk in shower steam shower, jetted tub with micro therapy and walk in closet. Kitchen is full of features, stainless steel appliances, wall oven, warming drawer, cooktops and your own coffee maker. Roof was recoated in August 2024. New interior paint throughout. Also, a 300-bottle wine cellar for you to enjoy. This property is absolutely AMAZING!!

4949 E Lincoln Drive Unit 13 Paradise Valley, AZ 85253

$2,500,000
4 Beds
4.5 Baths
3,748 SqFt
Status Active
MLS # 6697345
Property Type Single Family Residence
Price Type --
Nestled at the base of Camelback Mountain, in the exclusive Montelucia Resort guard gated community, Villa 13 offers Arizona's famed lifestyle w/a low maintenance vibe. French doors open out from the great room to the patio allowing a true indoor/outdoor feel. Recent thoughtful updates include sealed limestone countertops in the kitchen/butler pantry w/a refreshed contemporary tile backsplash & redesigned fireplace surround. An open floor plan enhances casual or formal entertaining. All bedrooms are ensuite. Second level is accessible by a paneled elevator. The Omni Montelucia's amenities assure true resort style living: fitness center, 3 pools( in addition to a private pool for Villa residents), restaurants & special events. A true lock & leave lifestyle awaits!

5741 N 38th Place Paradise Valley, AZ 85253

$2,500,000
4 Beds
3.5 Baths
2,671 SqFt
Status Active
MLS # 6753536
Property Type Single Family Residence
Price Type --
This Paradise Valley home offers stunning 360-degree views of Camelback Mountain, downtown Phoenix lights, and the Phoenix Mountain Preserve, all complemented by modern upgrades throughout. The property includes a main house and an attached guest house, perfect for hosting visitors or extended stays. The open-concept living room features a wall of windows that bathe the space in natural light, anchored by a cozy fireplace. The chef's kitchen is outfitted with stainless steel appliances, a skylight, an eat-in area, and a formal dining space. The primary suite serves as a peaceful retreat with private backyard access, dual vanities, and a full bath. Designed for seamless indoor/outdoor living, the backyard is a true desert oasis, complete with a custom pool, expanded deck, covered patio, and lush desert landscaping that ensures privacy. Multiple seating areas provide ample room for lounging and entertaining. Situated in a highly desirable, private neighborhood, this home is just minutes from world-class resorts, golf courses, fine dining, and shopping. A rare gem, this property embodies the essence of luxury living in Paradise Valley.

42311 N Sierra Vista Road Cave Creek, AZ 85331

$2,500,000
4 Beds
4 Baths
4,656 SqFt
Status Active
MLS # 6748202
Property Type Single Family Residence
Price Type --
SERENITY! Oasis in Cave Creek only seven minutes from downtown Cave Creek, Buffalo Chip & Harold's. This incredible home is located on over five acres, unsurpassed views of mountains and saguaro cactus, private guest house, private pool, spa, 3 car oversized garage and beautifully upgraded. Home features private front and back porches with peaceful and truly incredible views. You will find Viking appliances, oversized tile flooring, custom paint, open floor plan, negative edge pool, spa & rock waterfall feature. Close to National Forest and preserve for horses, hiking, etc.

Leave a Reply

Your email address will not be published.