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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7112 E Wildcat Drive Scottsdale, AZ 85266

$2,200,000
4 Beds
3.5 Baths
4,203 SqFt
Status Active Under Contract
MLS # 6783557
Property Type Single Family Residence
Price Type --
Stunning Tuscan elegance in North Scottsdale! Absolute luxury in this truly one of a kind Custom Entertainers Dream! Two gated entrances, guest casita, & indoor/outdoor living in this special home. Gourmet kitchen w/granite counters, commercial grade appliances, plenty of cabinets & walk-in pantry! Designer touches T/O are impeccable works of art & must be seen to be believed. Fireplaces throughout the home for those gorgeous winter nights, multiple outdoor living spaces, & custom built Coral Craft Stalls, tackroon, turnouts & 60 ft round pen! 6 waterfalls in your outdoor oasis including; Beach entry Diving Pool, Spa & Heated Exercise pool! Very private & secluded feeling & yet only minutes to world class dining, shopping, and art galleries. Stunning Mountain Views!

4150 E Dynamite Boulevard Cave Creek, AZ 85331

$2,200,000
3 Beds
3 Baths
1,378 SqFt
Status Active
MLS # 6664797
Property Type Single Family Residence
Price Type --
Seller-Financing Available! A very rare ''RU-43'' zoned Ranch to purchase in the absolutely best possible location of the Valley (a Hop & Skip from the Dynamite Roping Arena). And the Seller will consider ''Carrying the Paper'' on the financing. By the way, the ''U'' designation of the RU-43 affords additional privileges for equestrian purposes, and there is ''NO HOA''. This property is loaded with features. A Modern Barn with: Office, Ranch Hand Living Quarters, Fourteen (14) Stalls/Pens (7 in barn), Grooming Bay, Horse Drawn Carriage Garage, and Tac Room; Bull Pen, Walker, Multiple Corrals, Multiple Arenas, Breeding Facilities and a 'Hay Barn'' that would be difficult to get a permit to build these days. This ranch just went through a major renovation. Modern steel fencing was installed on the complete perimeter to help secure the property and keep unwanted animals from entering. A New Arena and Updated Corrals, were updated as well in the same way. And the house and barn were detailed throughout. The home was inspected as if the present Seller was a buyer, and items found to be an issue were repaired. And lastly, this Seller will consider owner financing for the right Buyer.

1775 S 131st Street Gilbert, AZ 85233

$2,200,000
5 Beds
7 Baths
5,343 SqFt
Status Active
MLS # 6714697
Property Type Single Family Residence
Price Type --
Experience unparalleled luxury in this meticulously designed Tuscan-inspired home. As you approach the grand front entry, custom old-world wood/metal doors welcome you into enchanting front courtyard. Step inside to discover a huge foyer and open interior that epitomize grandeur.Key Features*5400 Sqft Layout, Spacious and open, perfect for both relaxation & entertaining*Lush 1.38 Acre Lot:*A sprawling estate offering ample outdoor space for recreation*Gourmet Kitchen w granite counter tops/ designer cabinetry, a culinary haven ideal 4 entertaining *High-End Finishes, Meticulous attention to detail w/ luxurious finishes throughout*Resort-Style Outdoor Oasis: Heated pool & spa, gas fire pit, outdoor grill, putting green, & multiple covered entertaining areas. 8-Car Gar

11812 N 142nd Street Scottsdale, AZ 85259

$2,200,000
5 Beds
4.5 Baths
5,863 SqFt
Status Active
MLS # 6732175
Property Type Single Family Residence
Price Type --
Enchanting Hidden Hills home nestled amongst the McDowell Mountains with views of Camelback Mountain! Custom finishes throughout with new interior paint and carpet. Open floor plan..Great Room with Dining & Living Room ,wet Bar area that has a 300 bottle wine room. and your own Kegerator! Split floor plan ... MBR has its own wing with FP, sitting and patio areas. Bonus rooms include an Excercise area and furnished Media room. Ample parking and storage with a 4 car garage. Low maintenance back yard that is perfect for entertaining. Heated Pool with /waterfall, Spa,FP, Built in BBQ,Electric sun shades and artificial turf. Large laundry room with its own craft area! LOADS of Room to roam in this beauty......

25313 N 114th Street Scottsdale, AZ 85255

$2,200,000 - 4Br/5Ba -  for Sale in Troon Village - Windywalk, Scottsdale
Open House
$2,200,000
4 Beds
4.5 Baths
4,271 SqFt
Status Active
MLS # 6733090
Property Type Single Family Residence
Price Type --
Sweeping and forever Epic Arizona Landscape Views, Quality Construction plus the entire walkout can be used as Guest Quarters and opportunity to extend the kitchenette to a full kitchen. At the base of Troon Mountain, aka TROON VILLAGE at WINDYWALK featuring breathtaking views of Troon Mountain, Four Peaks, and McDowell Mountain. This exquisite home offers single level living with no steps from the main entrance or the garage, into an open kitchen layout, formal living, family room, breakfast nook, primary bedroom and 2nd bedroom, full Laundry and powder room. The Guests Quarters: Down below: * Guest Quarters: Entire floor perfect for visitors or extended family. * Outdoor BBQ: Enjoy al fresco dining with a stunning '40-mile view.' * Old World Charm: Beveled travertine stone adds a touch of elegance. * Spacious Living: Two family rooms provide ample space for relaxation and entertainment. * Three Fireplaces: Cozy up in style with three fireplaces throughout the home. * Three-Car Garage: Plenty of space for vehicles and storage. Experience luxury living with epic views and exceptional construction quality. See motion Video; YOU MAKE THE CALLL

14562 N Valencia Drive Fountain Hills, AZ 85268

$2,200,000 - 4Br/4Ba -  for Sale in Adero Canyon, Fountain Hills
Open House
$2,200,000
4 Beds
4 Baths
2,408 SqFt
Status Active
MLS # 6773886
Property Type Single Family Residence
Price Type --
Mountain views abound from this modern, highly upgraded Adero Canyon residence completed in 2023. Boasting the coveted Meyer floorplan, this home offers a harmonious mix of contemporary design, high-end finishes and thoughtful architectural features, making it a standout choice for those seeking a sophisticated yet relaxed desert lifestyle. Approaching the property reveals striking curb appeal with a sleek modern façade and meticulously landscaped front yard. Raised vegetation beds create a wall of privacy, defining the yard and contemporary style highlighted by landscape lighting accentuating cacti. A detached casita opens to the front walkway, providing easy and private access for multi-generational living or a private home office. Soaring ceilings welcome you to the main house and set a sophisticated ambiance of open, airy living spaces drenched in natural light streaming through expansive windows and disappearing doors framing stunning canyon views. The well-appointed kitchen is equipped with top-of-the-line stainless steel appliances including Wolf dual ovens, microwave drawer, gas range with grill and SubZero refrigerator. Custom oak shaker style cabinets overlook quartzite counters and a large quartzite island with seating defining the area. The primary suite is a tranquil retreat, capturing views of the backyard and panoramic canyons. The ensuite bathroom includes a freestanding soaking tub, separate shower, dual vanities with backlit mirrors and an oversized walk-in closet with built-ins. All bedrooms are positioned for privacy and generously sized, with 4 bedrooms including ensuite bathrooms. The outdoor space of this home is just as impressive as the interior. Designed for both entertainment and relaxation, an expansive covered patio is an extension of the interior living space and opens to stunning canyon views. Travertine hardscaping surrounds a blue mosaic pool with sun shelf and spa, creating multiple lounging areas and leading to a custom pergola seating area. Turf and desert vegetation surround the yard, creating a pristine sanctuary. Conveniences of both Fountain Hills and Scottsdale are nearby, with Adero Canyon hiking trails and Adero Club in close proximity. The Mayo Clinic and top-rated Basis School are just a few miles away. This Toll Brothers gated community embraces the beauty of Arizona while offering residents the opportunity for a luxurious lifestyle of tranquility.

9112 E Sands Drive Scottsdale, AZ 85255

$2,200,000 - 4Br/4Ba -  for Sale in Pinnacle Peak Vistas, Scottsdale
Open House
New
$2,200,000
4 Beds
3.5 Baths
3,894 SqFt
Status Active
MLS # 6787020
Property Type Single Family Residence
Price Type --
Welcome to this custom-built masterpiece nestled on a secluded 1.8-acre cul-de-sac lot in Pinnacle Peak Vistas community, designed to embrace Arizona's natural beauty. This home offers breathtaking 360-degree mountain and desert views. Step into the backyard oasis featuring a saltwater heated pool and spa, a boulder waterfall, beach entry, built-in BBQ, expansive covered patio, and an observation deck complete with a cozy gas fireplace...the perfect setting for entertaining or relaxing under the stars. The open-concept kitchen is a chef's dream, showcasing upgraded appliances, glass-front cabinets, a walk-in pantry, all opening to a spacious family room with soaring ceilings. The luxurious primary suite boasts a private view patio, an oversized walk-in closet, and a jetted tub. The full basement offers versatility with a wet bar, bedroom and bathroom and lots of storage. The home office features custom built-ins, while the garage includes an extra storage room for convenience. Built with energy-efficient and high-tech features such as low-E dual-pane windows, a centralized A/C control system, CAT-5 wiring, built-in stereo throughout, and a central vacuum system, this home is designed for modern living. Perfectly located minutes from DC Ranch, Kierland Commons, Scottsdale Quarter, and TPC Scottsdale, this property offers both tranquility and accessibility to world-class shopping, dining, and golf. Don't miss this rare opportunity to own a private desert retreat!

38646 N 104th Place Scottsdale, AZ 85262

$2,200,000 - 3Br/4Ba -  for Sale in Desert Mountain, Scottsdale
Open House
$2,200,000
3 Beds
3.5 Baths
2,544 SqFt
Status Active
MLS # 6739325
Property Type Townhouse
Price Type --
Golf Membership available & Furnished~Remodeled Hacienda in a fresh ''Cala Lily'' soft white palette with new flooring, countertops, backsplash, primary suite walk-in shower, electrical and new plumbing. This is a GEM as a lock and leave or easy primary residence with less maintenance in mind. Dual generous entertaining patios both covered and uncovered lounge/dining areas featuring an exterior fireplace and BBQ patio showcasing a new bar with more conversation space. Primary suite has been completely redone; elegant white hexagon tile flooring, dual sided zero entry shower with new hardware and 2 walk in closets. Bright farmhouse style kitchen opens to the great room and dedicated dining with a very convenient and civilized service bar. En-Suite casita with kitchenette, sitting area and views of Pinnacle Peak, Tom's Thumb and all the ranges that surround. Please see features sheet in documents tab for a complete list of all updates/upgrades regarding this just finished remodel.

12209 N 66th Street Scottsdale, AZ 85254

$2,200,000 - 5Br/4Ba -  for Sale in Desert Estates 3, Scottsdale
Open House
$2,200,000
5 Beds
3.5 Baths
4,266 SqFt
Status Active
MLS # 6762109
Property Type Single Family Residence
Price Type --
Back on market. Buyer couldn't perform. Dream backyard on over a flat acre. Quiet and minimally traveled street. Front door flows open to large bifolds creating a beautiful indoor outdoor environment. Custom white oak kitchen w quartzite countertops. Walk in pantry. Showcase wine cooler. Separate dining space with bar. 3 fireplaces. Two primary suites, # Separate living rooms with options for convertible space. 1300sf garage with tremendous ceilings and workshop space. Every inch of this house has been completely gut renovated. AC and ductwork is brand new. Brand new roof and stucco. All plumbing is new. Resort like backyard, the exterior showcases a brand new pool with heater, oversized outdoor kitchen, water feature, bocce ball, putting green, fire pit, new fence. List goes on and on

2543 E Linda Lane Gilbert, AZ 85234

$2,200,000 - 5Br/6Ba -  for Sale in Whitewing At Wiehl Estates, Gilbert
Open House
$2,200,000
5 Beds
5.5 Baths
5,164 SqFt
Status Active
MLS # 6735153
Property Type Single Family Residence
Price Type --
Seller is MOTIVATED!! Experience this REMODELED custom home of your dreams! Over $270,000 in upgrades! BRAND new roof and custom finishes. This exquisite luxury property, located in Whitewing at Wiehl Estates, is a true masterpiece of modern living. Every detail has been meticulously crafted to offer ultimate sophistication. This stunning kitchen is truly a chef's paradise, designed to encourage culinary imagination. Recent updates include a stunning gold-plated range hood, gold pot filler, gold handles on new Monogram gas cooktop that perfectly compliments new black and gold light fixtures and fans. The kitchen features a dedicated espresso area, a built-in Wolf fridge and a Wolf built-in microwave. The large primary bedroom looks out to the best view of the backyard and pool. The primary closet is a dream come true with personalized cabinets that extend to the ceiling, providing ample storage space. Indulge in the beautifully designed primary bath, complete with gold faucets designed for drinking, oval dual sink vanity, surround sound, tile to the ceiling, new commode, make the bathroom experience magical. Relax in the matching oval-shaped soaker tub or enjoy the two-sided, extra-large shower room. Perfect for guests or extended family, the detached casita includes a custom-made Murphy bed and its own bathroom. A separate entrance for the casita for convenience. A spacious apoxy floor three-car garage ensures ample parking, while the property also features a new roof and freshly painted exterior, enhancing its curb appeal. Each of the upstairs bedrooms comes with its own ensuite bathroom, ensuring comfort and privacy for everyone. The expansive, extremely private backyard is perfect for entertaining or relaxing, also including a sports court. This home is a true gem, offering the perfect blend of luxury, comfort, and modern amenities. Don't miss the opportunity to own the finest property in the neighborhood. Contact us today and experience the epitome of lavish living.

3850 E Huber Street Unit 2 Mesa, AZ 85205

$2,199,900
5 Beds
5.5 Baths
4,722 SqFt
Status Active
MLS # 6688996
Property Type Single Family Residence
Price Type --
SELLER FINANCING AT 4.85% FOR 2 YEARS! Brand new custom home by Victoria Homes. Located in a gated community, the home is adjacent to the community amenity area with a tennis/sport court & ramada. The home is farmhouse contemporary design with stone, siding and stucco for exterior accent details. Andersen windows throughout. The home is a great room & open kitchen design with a formal dining room opening to a front patio outdoor space. The large kitchen has gas appliances, huge paneled refrigerator, and bulter's pantry. The primary suite has his/hers closets and decorative tile in the bathroom. Each bedroom has its on in-suite bathroom and walk-in closets. a teen room offers a dedicated space for the kids to play and study. Engineered hardwood floors & decorative tile throughout.

3525 S Kings Ranch Court Unit 4 Gold Canyon, AZ 85118

$2,199,621 - 4Br/4Ba -  for Sale in A Parcel Of Land In The South Half Of Section 33,, Gold Canyon
Open House
$2,199,621
4 Beds
4 Baths
4,049 SqFt
Status Active
MLS # 6667014
Property Type Single Family Residence
Price Type --
Discover the pinnacle of modern living in this stunning home, boasting over 7,100 square feet under roof. Each photograph captures the extraordinary lifestyle & amenities that await you, but it's what lies between the walls that truly sets this property apart. Designed for generations to enjoy, this home features a robust features & the quality craftsmanship is evident throughout, with 2x6 construction used in all walls, complemented by 5/8 drywall & advanced foam insulation. This solid design not only enhances soundproofing but also contributes to impressive energy efficiency That yielded a $250 utility bill in August. With a 400 Amp electrical service, & 20 Amps at every outlet you should never be in need of more. The 1750 Sq Ft 6 car garage is a hobbyist dream CLICK LINK FOR MORE INF Hobbyist Dream, with 9'6' garage doors 12' ceilings, recessed LED lighting, a 220 volt 50 Amp outlet for any electric car charger and 20 Amp outlets located about every 10 ft ensuring you have plenty of power for almost any type of equipment. This whole property is equipped with cutting-edge green features and technology, this home is designed for sustainable living without compromising on luxury. For more information about this exceptional build, please have your representative reach out to us. Experience the lifestyle you deserve in a home that will be cherished for generations to come!

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