Instant Reaction: March Housing Starts

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Building a HouseThe following is NAR Chief Economist Lawrence Yun’s reaction to this week’s U.S. Commerce Department report on March residential construction:

“A major housing shortage exists in this country. It is therefore disappointing to witness in March the continued lackluster performance in new home building, which was the second lowest activity over the past six months. Home prices have risen by 41 percent and rents have climbed 17 percent over the past five years at a time when the typical worker wage has grown by only 11 percent. To relieve housing costs, there simply needs to be more homes built.”  

Bottom Line:

It’s a strong seller’s market.  It’s very possible that the perfect home that you finally found has also garnered a lot of interest from other buyers.  A new build is the perfect option.  Visit my New Build Search to find your new home.  Give me a call for additional information – J.P. Cook – 602-320-4253.

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4839 E Crocus Drive Scottsdale, AZ 85254

$1,199,900 - 3Br/2Ba -  for Sale in Greenbrier East Unit 4, Scottsdale
Open House
$1,199,900
3 Beds
2 Baths
2,174 SqFt
Status Active
MLS # 6770113
Property Type Single Family Residence
Price Type --
This fully remodeled, awe-inspiring corner lot home has everything you've ever dreamed of! Sheer beauty & mesmerizing attention to details are found inside. New high-end finishes, new dry wall, fresh soft paint, LVP flooring, all new windows & doors, and recessed lighting are worth mentioning. The bright & spacious open floor plan boasts a wall-mounted fireplace that adds a touch of elegance to the space. The gourmet kitchen is equipped with mosaic tile backsplash, gleaming stainless steel appliances, sleek quartz counters, and a waterfall breakfast bar. Don't miss the breakfast nook with a clear view of the backyard. Grand owner's retreat will undoubtedly become your personal sanctuary, showcasing direct outdoor access and an elegant ensuite comprised of dual sinks, a garden tub, a large enclosed glass shower, and a walk-in closet. Oversized backyard is the perfect spot to enjoy memorable gatherings, complete with a covered patio, grassy area, and a sparkling pool. All new electrical, plumbing back to box, and redone stucco siding! Located in Popular Greenbrier East within the magic 85254 zip code. This gem has it all!

Scottsdale AZ 85262

$1,199,800
4 Beds
3.5 Baths
2,828 SqFt
Status Active
MLS # 6781821
Property Type Single Family Residence
Price Type --
Introducing you a fantastic property with pool & spa combo in the Gated Preserve Summit! Desert landscaping, sweet curb appeal, and 2-car garage. Split floor plan thoughtfully laid out with formal dining room, 3 bedrooms in the main house plus guest, 3.5 bathrooms, and an ample living room. Media niche, fireplace, pre-wired surround sound speakers complete the living area! Plantation shutters and fire sprinklers throughout the home. The eat-in kitchen showcases walk-in pantry, granite counters, center island w/breakfast bar, built-in appliances, pot filler, plenty of cabinets, tile backsplash, and backyard access. Spacious main bedroom provides French doors to the backyard and an ensuite with a jetted tub, two vanities, large shower, and walk-in closet. There's a Jack and Jill bathroom for convenience. One of the bedrooms features its own entrance/exit, which makes it perfect for an office! Serene backyard offers two fireplaces, a built-in BBQ, a covered patio, and a heated pool and spa combination for taking a dip all year round. You don't want to miss this home!

1916 E Primrose Path Phoenix, AZ 85086

$1,199,500
4 Beds
2.5 Baths
3,308 SqFt
Status Active
MLS # 6784250
Property Type Single Family Residence
Price Type --
Seller will carry! Nestled on a HUGE 1-acre lot, this gorgeous horse property is a dream come true. The home exudes elegance throughout with tall ceilings, recessed lighting, a neutral palette, abundant natural light, and wood-look tile flooring w/plush carpet in bedrooms. You'll love the semi-open layout, which perfectly balances privacy and connectivity! The large living area is paired with a stone accent wall and multi-sliding doors merging the inside/outside activities. The gourmet kitchen boasts sleek SS appliances w/cooktop elec, granite tile counters, ample wood cabinetry, a walk-in pantry, and a breakfast bar. Enter the primary bedroom to find outdoor access and an ensuite with dual sinks, a separate tub/shower, & a walk-in closet. One secondary bedroom has a double-door entr PLUS! Horse back ride from your home with nearby trails! This gem includes a spacious multi-purpose room with its own separate entrance, making it ideal for a guest quarter, game room, or workshop. Laundry room with a sink & cabinetry. But the true highlight is the oversized backyard that has been tastefully divided! Designed for year-round enjoyment, you'll have a covered patio, well-laid pavers, built-in BBQ, fireplace, firepit, hot tub, and a heated pool & spa. Beyond the fence are the stables, arena, and a storage shed. Want MORE? With a 4-car garage, RV port, RV gates, and ample room for your trucks & toys, this home is designed for convenience and functionality. Escape the typical subdivision feel, enjoy larger lot space, and still benefit from easy access to suburban amenities! Wow, just WOW!

29091 N 139th Street Scottsdale, AZ 85262

$1,199,000
4 Beds
4 Baths
4,034 SqFt
Status Active
MLS # 6748671
Property Type Single Family Residence
Price Type --
Discover the 4034 floor plan & all it has to offer. The kitchen boasts luxurious finishes, such as, stainless steel WOLF appliances, upgraded 42'' upper cabinets w/ crown molding, ample countertop space & a large center island. The adjacent informal dining area provides a comfortable & convenient space. The great room is filled with natural light & a sliding glass door lets in even more. The homes boasts plenty of room for everyone w/ a GUEST LIVING area w/ separate entry & a BONUS/GAME ROOM. The spa-like primary bathroom includes a BEACH ENTRY shower, dual-sink vanity, a soaking tub, & a spacious walk-in closet. Enjoy outdoor living, dining, and entertaining on the covered patio, and take advantage of the 4-car garage on 1.25 ACRES w/ NO HOA. Home to be completed in December.

Show Low AZ 85901

$1,199,000
4 Beds
4 Baths
3,372 SqFt
Status Active
MLS # 6739787
Property Type Single Family Residence
Price Type --
''Lux Cabin'' with stunning fairway views & water feature on #15 Tower Course. Torreon is a Troon Development with amenities that are second to none! Conveying beautifully furnished, new high-end hot tub on expansive back deck, 20ft handcrafted juniper wood bar, 2 Master Suites, wall of windows & more!

20945 W Hillcrest Boulevard Buckeye, AZ 85396

$1,199,000
3 Beds
2.5 Baths
2,563 SqFt
Status Active
MLS # 6783439
Property Type Single Family Residence
Price Type --
Welcome to this exquisite 3-bedroom, 2.5-bath home in a vibrant 55+ community Victory at Verrado! Located on an expansive 10,400 sq. ft. lot with views of the golf course, this 2,563 sq. ft. residence offers stunning mountain views and luxurious amenities throughout. As you enter, you're greeted by a wall of patio doors that showcase a breathtaking saltwater pool, elevated travertine deck, and mesmerizing views. Enjoy seamless indoor-outdoor living with fully retractable patio screens, providing a shaded oasis perfect for relaxing or entertaining. The outdoor space is complete with a gas fire pit, natural gas hookups for grilling and heating, and a serene atmosphere set against the open landscape. Inside, the gourmet kitchen boasts a massive granite island, stainless steel appliance task lighting, and stylish cabinetry adorned with crown molding. A front courtyard, accessible via double French doors from the kitchen, offers an inviting spot for morning coffee. Plantation shutters adorn most windows, and the spacious living area features 11' ceilings with elegant crown molding. Designed for comfort and efficiency, the home has a 3-zone HVAC system and is crafted with David Weekley's signature quality, including 2x6 construction and upgraded insulation. The master suite is a tranquil retreat, offering dual walk-in closets, a spa-like shower, a soaking tub, and serene views of the backyard and beyond. Located close to all of Verrado's amenities, this home embodies elegance, functionality, and Arizona's signature outdoor lifestyle. Don't miss your chance to experience luxury living in this premier community!

8420 N 15th Street Phoenix, AZ 85020

$1,199,000
4 Beds
3.5 Baths
3,272 SqFt
Status Active
MLS # 6758735
Property Type Single Family Residence
Price Type --
Nestled at the base of the south side of the Phoenix Mountain preserve lies this timeless contemporary retreat. Imagine being in Laurel Canyon or Hollywood Hills. Have a glass of wine or a cup of coffee on the balcony & enjoy magnificent 360 degree city &mountain views. Relax on the tranquil desert landscaped patio with an outdoor kitchen. Gather and entertain in the light & airy living room, dining room, remodeled gourmet kitchen with pantry & island, that open to the great room and office. The 1st level includes an attached guest suite with mini kitchenette, oversized primary bedroom with sitting area & bath, large laundry room & 2 additional bedrooms with a Jack/Jill bath. The 2-Car Garage is the perfect man cave. Steps away from some of the best hiking trails in Arizona.

18425 W Santa Irene Drive Goodyear, AZ 85338

$1,199,000
4 Beds
4.5 Baths
3,802 SqFt
Status Active
MLS # 6749352
Property Type Single Family Residence
Price Type --
BEAUTIFUL LUXURIOUS TUSCAN CUSTOM HOME, LOCATED IN THE BEAUTIFUL ESTRELLA MOUNTAIN RANCH.THIS HOME HAS CANTERA STONE PILLARS, TRAVERTINE TILE THROUGH OUT, WOOD FLOORS IN ALL THE RIGHT PLACES.SURROUND SOUND IN MASTER AND GREAT ROOM, SPEAKER SYSTEM THROUGHOUT THE HOME,3 FIREPLACES,CUSTOM KNOTY ALDER CABINETS,GRANITE COUNTERS, ELEVATOR GOING FROM THE GARAGE TO THE KITCHEN,THE KIDS QUARTERS INCLUDE 2 LARGE BEDROOMS WITH JACK AND JILL BATHS,EPOXY IN THE GARAGE, BASEMENT WITH WETBAR AND FULL BATH, JACUZZI TUB AND BIDET IN MASTER , HOT TUB OUTSIDE.,OUTDOOR BUILD IN SMOKER,GREAT PRIVATE BACK YARD OVER LOOKING A MOUNTAIN AND GREAT VIEWS 360 DEGREE,PRIVATE MINI GOLF,CUSTOM GAZEBO WITH BAR AND TV, WATER FOUNTAINS FOR YOUR RELAXATION. OUT DOOR KITCHEN WITH WINE FRIDGE AND GAS STOVE.GARAGE CABINETS THROUGH OUT THE GARAGE. THIS HOME IS WITHIN WALKING DISTANCE TO THE PARK AND LAKE.

3669 E Morrison Ranch Parkway Gilbert, AZ 85296

$1,199,000
5 Beds
3.5 Baths
4,361 SqFt
Status Active
MLS # 6771689
Property Type Single Family Residence
Price Type --
* Beautiful 5 Bedroom 3.5 bath plus Den and Loft home in Highly Desirable community of Morrison Ranch * Wonderful Gourmet Kitchen with Thermador appliances including Refrigerator/Freezer combo, Dual ovens, Gas oven and cooktop, warming drawer, double center Islands, dual pantry's and new quartz countertops in 8/2024 * Main level also includes a formal living room, formal dining room with coffered ceiling, office/ exercise room & half bath. 2nd level features very spacious master suite with large bath and walk in closet, 4 additional bedrooms, one with private bath, game/ media room * Enjoy a resort style backyard w/ large pebble-tec pool, real rock waterfall, water slide and grotto, Travertine brick deck around the pool, extended covered patio, misting/fog system and built in gas grill. Exterior freshly painted in 7/2024 * new 75 Gallon Gas hot water heater in 5/2024 * New pool pump in 3/2024 * Surround sound throughout most of the home, including patio and pool area * And so much more...

36444 N Stardust Lane Carefree, AZ 85377

$1,199,000
5 Beds
3 Baths
3,403 SqFt
Status Active
MLS # 6781738
Property Type Single Family Residence
Price Type --
Fantastic opportunity to own a 5 bed, 3 bath home on just under 1 acre. The spacious floorplan offers flexibility to suit your needs. Features 2 main Living Rooms with vaulted ceilings and exposed wood beams, complemented by a two-way fireplace and a wet bar. Room off the kitchen can be used as a formal dining room, office, den or sitting area. The split floor plan boasts a private Mother-in-Law Suite that is perfect for hosting guests. Bedrooms are well-sized with ample closet space. Retreat to your spa-like bathrooms for relaxation. Outside you'll find a backyard complete with a sparkling pool and seating areas to enjoy the desert sunsets, mountain views, city lights and stars! Arizona room provides additional square footage - closer to 4,000 sq ft with this room included. The 2 car garage has built-in storage cabinets as well as a HUGE tucked away closet-you will love all the extra storage space throughout the home! Also features 2 large driveways with plenty of parking for guests. Featuring breathtaking views in all directions, this home offers a perfect blend of comfort, style, and opportunity for indoor/outdoor entertainment. Experience the best of Arizona living in this desert oasis!

14808 E Miramonte Way Fountain Hills, AZ 85268

$1,199,000
3 Beds
3.5 Baths
2,450 SqFt
Status Active
MLS # 6773657
Property Type Single Family Residence
Price Type --
Spectacular 4-Bedroom (including Casita) Eagle Mountain Residence with Mountain Views! Located behind the Guarded Gate of this Highly Acclaimed Golf Community, this Spacious and Newly Updated Residence is everything you can ask for and more! Enjoy Sunset and Mountain Views in your Private Resort-Style Backyard w/ Pool & Hot Tub, Outdoor Seating Area, Outdoor BBQ! Enter the home through the Double-Iron Gates leading to the Cozy Courtyard with Detached Private Casita. This home boasts ALL of the Amenities you could ask for and More! 20 Foot Ceilings, Formal Dining, Spacious Living Room and a Stunning Wall of Glass that brings in a lot of Natural Light and Views of the Private Backyard.

7297 N Scottsdale Road Unit 1004 Paradise Valley, AZ 85253

$1,199,000
4 Beds
3.5 Baths
3,047 SqFt
Status Active
MLS # 6779290
Property Type Townhouse
Price Type --
Unique residential unit with Camelback Mtn views & legal ability to operate commercial business. Ideal office location. Live-work unit available with elevator! Who wouldn't want an office directly off Scottsdale Road? Convenient to shopping, restaurants and entertainment, yet far enough removed from the busyness of Old Town. Gorgeous Mountain Views from each balcony create the perfect backdrop to enjoy Arizona's spectacular sunsets. This unit boasts Top of the Line Viking Appliances, Granite Countertops with Travertine as well as Wood Flooring. Don't miss out on this perfect opportunity to live and work in the heart of Scottsdale. Tesla charger in 2 car garage.

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