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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10080 E Mountain View Lake Drive Unit 327 Scottsdale, AZ 85258

$585,000
2 Beds
2 Baths
1,152 SqFt
Status Active
MLS # 6749762
Property Type Apartment
Price Type --
Welcome to this Scottsdale Bay Club penthouse condo, recently renovated in 2024 with elegant quartz countertops, soft-close cabinets, sleek tile showers, and luxury vinyl flooring. This end unit offers privacy with no neighbors above and serene pool views from a private balcony. Enjoy direct access to the community pool, clubhouse, and gym. The gated community features a spa, fitness center, recreation room, Koi pond, and boat docks. Located next to Scottsdale Ranch Park, amenities include lighted tennis, racquetball, and sand volleyball courts, plus more. Close to Mercado Shopping Center and the 101 freeway.

3885 E Juanita Avenue Gilbert, AZ 85234

$585,000
4 Beds
2 Baths
2,074 SqFt
Status Active
MLS # 6750086
Property Type Single Family Residence
Price Type --
Beautifully Remodeled Single-Level Home in Desirable Gilbert Location! This stunning single-level home features 4 bedrooms, 2 bathrooms, and a 2-car garage in the quiet community of Carol Rae Ranch. Recently remodeled, the home showcases new wood tile floors, baseboards, carpet, fresh interior paint, updated hardware, and more. The kitchen boasts modern updates, including new quartz countertops, freshly painted cabinets, and stainless steel appliances, making it both stylish and functional. Conveniently located with quick access to State Routes 202 and 60, this home is near excellent schools, hiking and biking paths, shopping, dining, and all the amenities that make Gilbert such a sought-after location.

22422 N 99th Lane Peoria, AZ 85383

$585,000 - 3Br/2Ba -  for Sale in Meadows Parcel 12a, Peoria
Open House
$585,000
3 Beds
2 Baths
1,867 SqFt
Status Active
MLS # 6762267
Property Type Single Family Residence
Price Type --
This beautiful 3-bedroom, 2-bathroom home in a sought-after community boasts recent updates and a welcoming atmosphere! Featuring updated bathrooms in 2022, this home offers modern convenience. The great room with an open floor plan is complemented by a cool paint tone, creating a cozy ambiance. The interior showcases a beautiful combination of wood-like tile and soft carpet in all the right places. The split primary bedroom offers a walk-in closet for added comfort. The kitchen includes a new dishwasher, pantry, granite countertops, kitchen island, and a breakfast bar, along with plenty of cabinets for storage. Outside, the covered back patio overlooks a low-maintenance private yard with brand new artificial turf, gravel, and trees. Community amenities include a playground, tennis courts, pool & spa, and much more!

20903 S 185th Way Queen Creek, AZ 85142

$585,000 - 3Br/2Ba -  for Sale in Sossaman Estates, Queen Creek
Open House
$585,000
3 Beds
2 Baths
1,920 SqFt
Status Active
MLS # 6770353
Property Type Single Family Residence
Price Type --
This incredible home is MOVE IN READY!! Comes complete with refrigerator, hot tub, and large shed!! You're going to love living in this open concept home with 10 ft ceilings and large windows with a backyard perfect for lounging, entertaining or relaxing in the hot tub! RV Gate with extra concrete drive for parking, and additional storage space behind the gate! Air conditioned garage space with epoxy floors and loads of cabinets is perfect for parking or working on projects! With kitchen and bathroom updates, and new flooring this home is in excellent condition and you're going to love living here! Located on the Gilbert/Queen Creek border you're just minutes from QC Marketplace and San Tan Village shopping, dining & entertainment options! Don't let this one get away!

2550 E North Lane Phoenix, AZ 85028

$585,000 - 3Br/2Ba -  for Sale in Greenridge 3, Phoenix
Open House
$585,000
3 Beds
2 Baths
1,507 SqFt
Status Active
MLS # 6766161
Property Type Single Family Residence
Price Type --
Charming single-story home situated on a spacious corner lot in the sought-after 32nd St/Shea (Sheaborhood) area, with no HOA! This home features an open-concept layout, where the living room seamlessly connects to the dining area and kitchen, all adorned with stylish wood-look laminate plank flooring and tile, no carpet throughout. The kitchen boasts white cabinetry, black appliances, ample storage drawers, and generous countertops. Enjoy views of the spacious backyard through the large picture window above the kitchen sink. A conveniently located laundry room is just off the kitchen for easy access. The bright and inviting living room is filled with natural light from a large window with shutters that showcase majestic views of Piestawa Peak and Stoney Mountains. The primary suite includes a sliding glass door leading to the backyard, a walk-in closet, and an ensuite bathroom featuring a charming 1970s sunken tub with natural light streaming in from a long window. Two additional guest bedrooms share a hallway bathroom, which has been updated with a remodeled shower/tub combo and a stylish tile surround. Step outside to the expansive backyard, complete with a large covered patio, vibrant natural grass, and a separate entry to the storage room. There's also a large gate providing alley access. Recent updates include all-new windows in 2018 and a Rheem water heater installed in 2021. This home is the perfect blend of classic charm and modern convenience!

21955 S 219th Place Queen Creek, AZ 85142

$585,000 - 4Br/3Ba -  for Sale in Crismon Heights, Queen Creek
Open House
$585,000
4 Beds
3 Baths
2,429 SqFt
Status Active
MLS # 6696421
Property Type Single Family Residence
Price Type --
Now priced $10,000 under appraised value. Come see this well-maintained original owner home in Crismon Heights that sits on a premium oversized homesite with no backyard neighbors! This floor plan offers 4 bedrooms and 3 full baths in 2429 SqFt with an open great room layout. The kitchen features staggered white cabinets with crown molding and a built-in desk, granite counters, tile backsplash, stainless appliances including a gas range with double ovens, a walk-in pantry, an island with breakfast bar, and a spacious dining area with new large picture windows overlooking the backyard. Glass French doors in the great room let in tons of natural light and lead out to the covered patio and beautifully landscaped backyard. The extensive paver patio provides lots of room for entertaining, and the backyard also has grass for kids and pets to play on, a tranquil fountain, and side yard with lemon and lime trees and a double gate. The primary bedroom has a charming window seat, and a private en-suite bath with dual sink vanity with granite countertop, separate tub & shower, and a big walk-in closet. Other features include a spacious laundry room with upper/lower cabinets & sink; tile, luxury vinyl, and laminate flooring throughout (no carpet!), vaulted ceilings, and an oversized 3 car tandem garage with service door. Great location close to parks and trails within the community, and just a short bike ride to the upcoming Queen Creek Aquatic center opening soon!

1749 W Monterosa Street Phoenix, AZ 85015

$584,999
4 Beds
3 Baths
2,140 SqFt
Status Active
MLS # 6775461
Property Type Single Family Residence
Price Type --
Discover this spacious corner lot property! One of the largest in the neighborhood, offering plenty of room to roam. The inviting living room features a large window that floods the space with natural light, creating a warm and welcoming atmosphere. Enjoy the benefits and savings of Solar as well! Step outside to the expansive backyard, perfect for entertaining, complete with a refreshing pool for those hot Arizona days. This home also includes an RV gate for easy access and storage, making it perfect for adventure seekers. Conveniently located near freeway access, you'll enjoy easy commutes and nearby amenities. Don't miss your chance to own and put your personal touches on this delightful property!

7500 E Deer Valley Road Unit 68 Scottsdale, AZ 85255

$584,999
3 Beds
2 Baths
1,358 SqFt
Status Active
MLS # 6714999
Property Type Single Family Residence
Price Type --
Move-in ready! You'll absolutely love owning this beautiful single-level residence in Arizona Silverado! Freshly painted interior will impress you, showcasing a large living room bathed in natural light, ideal for entertaining or relaxation. The kitchen displays fluorescent lighting, plenty of honey oak cabinets, built-in appliances, and a bright dining area with sliding glass doors to the back patio. Make the flexible den with double doors a media room or extra bedroom for your guests. Take a look at the spacious primary retreat, which provides a walk-in closet and private bathroom. The secondary bedroom has a mirrored door closet. A washer and dryer are included! The backyard has a covered patio where you can sit and relax after a hard day's work. This rare find won't disappoint!

602 E Amarillo Circle Payson, AZ 85541

$584,999
4 Beds
3 Baths
2,452 SqFt
Status Active
MLS # 6765626
Property Type Single Family Residence
Price Type --
This charming 4-bedroom, 3-bathroom home is located in a serene and peaceful community, perfect for anyone seeking a quiet retreat. The house boasts a brand-new roof, ensuring years of worry-free living. The spacious interior includes a potential rental unit downstairs, ideal for additional income or guest accommodations. The fenced-in yard offers privacy and ample space for outdoor activities, gardening, or pets. With its thoughtful layout and tranquil surroundings, this home provides both comfort and opportunity in a highly desirable neighborhood.

17637 W Blue Sky Drive Surprise, AZ 85387

$584,995
3 Beds
2.5 Baths
2,390 SqFt
Status Active
MLS # 6740210
Property Type Single Family Residence
Price Type --
Explore this dynamic Deacon home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; a versatile flex room; a gourmet kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a double oven, a walk-in pantry and a center island; a spacious great room; an elegant dining room with center-meet doors leading onto a relaxing covered patio; an impressive primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a tandem garage and an RV garage. This home also offers additional windows and ceiling fan prewiring in select rooms.

20079 W San Juan Avenue Litchfield Park, AZ 85340

$584,990
4 Beds
3 Baths
2,680 SqFt
Status Active
MLS # 6775730
Property Type Single Family Residence
Price Type --
It's the stunning Topaz with 4 bedrooms + study, 3 baths and 3 car garage. 8' gate. Multi slide door that leads out to the extended covered patio. Stainless steel gas appliance package with 36'' cooktop, wall oven, micro, and canopy hood. Sonoma slate (Gray) cabinets with pull out trash drawer and 3 drawers in kitchen ILO of doors. Himalaya white countertops in kitchen with a undermount single bowl sink. Upgrade flooring includes EMS Baccarat 12x24 tile in all areas of the home except bedrooms and closets. Soft water loop, dual sinks at bath 2. 8' tall garage door with two controls, and garage service door. Estimating completion is Dec/Jan.

3115 W Via Dona Road Phoenix, AZ 85083

$584,990
4 Beds
2 Baths
1,797 SqFt
Status Active
MLS # 6772512
Property Type Single Family Residence
Price Type --
Ask about special financing with preferred lender! This single-level home showcases a spacious open floorplan shared between the Great Room, kitchen and dining room, with access to the covered patio for outdoor lounging and entertaining. The owner's suite enjoys a private location at the back of the home, complemented by an en-suite bathroom and walk-in closet. Three additional secondary bedrooms are comfortable and private retreats for household members and overnight guests. Photos are renderings of a model home, not the actual home.

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