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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11226 E Posada Avenue Mesa, AZ 85212

$570,000
2 Beds
2 Baths
1,718 SqFt
Status Active
MLS # 6728991
Property Type Single Family Residence
Price Type --
Live your best life in the lovely Sunland Springs Village (SSV) 55+ Adult Community. This cozy 2 bd/2bth plus den has all the right touches. Pride of Ownership on Display! Enjoy the Living Area with Electric Fireplace; Porcelain Tile Wall, Stunning Wall of Glass looks out to Extended Patio w/ Travertine Tile, Pergola and 2 firepits. Stellar landscape design; Lush yard with sweet orange and lemon trees. Solar Roof Panels provide energy saving benefits. Plantation shutters adorn the windows. Extended kitchen with granite countertops and energy efficient appliances. This is not just a house but a HOME! Enjoy resort like community amenities: Rec Center, Clubhouse, Ping Pong, Billiards, Golf, Tennis, Pickleball, Shuffleboard, Heated Pools, Jacuzzi, Exercize Rooms, Yoga; SSV has it all! This is a Must See! Please visit the SSV HOA website to learn about the many clubs and activities available in this active adult community:

20515 N 264th Avenue Buckeye, AZ 85396

$570,000
2 Beds
2 Baths
2,095 SqFt
Status Active
MLS # 6741698
Property Type Single Family Residence
Price Type --
VALUE! PAID SOLAR LEASE, PAID CFD, NEWER HVAC AND APPLIANCES. This 2 bed/2 bath/Den Destiny model has fabulous golf course views and sets on a quiet street yet it's close to the Sage Recreation Center, the Grill and the Golf shop (location, location, location). This is a quality Del Webb built home with many upgrades. See a more complete list in the Documents tab.

4216 N 27th Street Unit 106 Phoenix, AZ 85016

$570,000
3 Beds
2.5 Baths
1,683 SqFt
Status Active
MLS # 6756185
Property Type Townhouse
Price Type --
This stunning and spacious townhouse is situated in the Biltmore area and boasts impressive 18-foot ceilings in the main living room, a cozy fireplace, and 10-foot ceilings in each of the bedrooms as well as a two-car garage with epoxy flooring. The expansive primary bedroom includes a private balcony, a generous walk-in closet, and a bathroom featuring an oversized soaking tub and recently remodeled shower. The charming courtyard has been enhanced with turf and pavers, creating a lovely outdoor retreat. Conveniently located near restaurants, shopping, the airport, and major freeways, this home is situated in an exclusive part of Phoenix, in close proximity to Arcadia, Scottsdale, and Paradise Valley.

22835 E Pummelos Road Queen Creek, AZ 85142

$570,000
4 Beds
2 Baths
2,180 SqFt
Status Active
MLS # 6774516
Property Type Single Family Residence
Price Type --
Three bedroom and Den, Tile throughout all common areas. Master planned community

17687 W Surrey Drive Surprise, AZ 85388

$570,000
5 Beds
3 Baths
3,483 SqFt
Status Active Under Contract
MLS # 6750480
Property Type Single Family Residence
Price Type --
Welcome to this grand 5-bed, 3-bath residence featuring a 3-car garage, charming front porch, and a low-maintenance front yard! Fall in love with the family room boasting soaring ceilings and abundant natural light streaming through plenty of windows creating a welcoming ambiance. The eat-in kitchen comes with granite counters, recessed lighting, chic mosaic tile backsplash, SS appliances, a pantry, paneled cabinets with crown moulding, a dry bar, and a center island with a breakfast bar. You'll also find a den with attached cabinets, perfect for an office or a library. Upstairs, a cozy loft offers additional space for entertainment. Retreat to the large main bedroom, accessed through elegant double doors, offering an ensuite with dual sinks and a walk-in closet. Make this gem yours!

3658 N Desert Oasis -- Mesa, AZ 85207

$570,000
3 Beds
2 Baths
1,571 SqFt
Status Active Under Contract
MLS # 6766285
Property Type Single Family Residence
Price Type --
Welcome to this charming 3-bedroom, 2-bathroom home located in an EXCLUSIVE gated community! Enjoy a living space filled with natural light, and a master suite with a spacious en-suite bathroom. Step outside to a beautifully landscaped yard that backs up to the picturesque Las Sendas Golf Course. Take advantage of the community amenities, including PICKLEBALL Courts, sparkling pools, playgrounds, community events and more! The community also offers an optional Spa & Fitness Center (additional fee required) and a top-rated golf course with a sports bar and restaurant. Just a couple of miles away is the scenic Salt River which offers paddleboarding, fishing, and kayaking, biking and more! ADVENTURE AWAITS in the surrounding TONTO NATIONAL FOREST!

26028 N 66th Drive Phoenix, AZ 85083

$570,000
4 Beds
3 Baths
2,119 SqFt
Status Active
MLS # 6757394
Property Type Single Family Residence
Price Type --
Location, location, location! Attention: Seller is offering a $10,000 credit at closing towards buyer updating and/or upgrades! This home has it all! In demand north Phoenix Eagle Ridge location with mountain views! Homes do not come up for sale frequently in this idyllic neighborhood. Close to shopping, schools, and parks. Multi-level open floor plan with expansive vaults and skylights to let in lots of light. Recently updated primary bath with huge walk in shower. Large yard and covered patio for entertaining. Inviting pebble-tec pool with beautiful water feature will captivate you! Outdoor southwest style fireplace to enjoy under the star filled sky at night while you grill at the built in BBQ. Large 3 car garage with expansive cabinets for storage. The main level has a co The main level has a convenient 4th bedroom for guests or as an in home office. The heart of the home, the kitchen, features multiple pantries with abundant storage and pull out drawers in convenient locations, as well as easy access to both the living room and family room. Newer high efficiency AC and air handler installed by current owner as well as water heater. This home has energy saving feature upgrades as well with newly installed premium Andersen windows with a transferable warranty and a fully owned 5KW solar system to keep your energy bills low. Durable bamboo and tile flooring in all the high traffic areas of the home as well. Your new home awaits you!

1150 S Karen Lane Gilbert, AZ 85296

$570,000
3 Beds
2 Baths
1,593 SqFt
Status Active
MLS # 6767613
Property Type Single Family Residence
Price Type --
Beautiful, and very well-maintained home in a great location! Home features big open space with vaulted ceiling. kitchen with stainless steel appliances and lots of cabinets with granite counter tops. A nice size master suite with walk-in closet and private access to backyard, and sparkling pool with waterfall feature. Three bedrooms plus an office. Easy maintenance front and backyard landscape. Home located in a nice quiet cul de sac. Move in ready with NEW roof (2021), AC unit (2022), water heater (2024), and irrigation system (2023) throughout the lot with extra new lines for future planting. Greenfield Lakes has an executive length 18-hole golf course and driving range. Located near Santan Mall, Top Ranked Restaurants, and highly desired School District!

12524 W Rancho Court Litchfield Park, AZ 85340

$570,000
4 Beds
2.5 Baths
3,222 SqFt
Status Active
MLS # 6674550
Property Type Single Family Residence
Price Type --
Wonderful neighborhood in Litchfield Park! Beautiful home in a cul de sac, large pie shape lot with no neighbors behind. Large family room in front as you enter. Half bathroom and laundry room downstairs. Large formal dining room off the kitchen area. Amazing kitchen with beautiful cabinets and granite countertops. Large center island to eat at and additional dining in kitchen. Kitchen has stainless steel appliances and dual wall ovens. Kitchen is open to the great room with a fireplace to keep you warm on the chilly nights. Upstairs you have the loft area and 4 bedrooms. The master bedroom has a walk in closet and large master bath and patio doors that lead to upstairs balcony. Downstairs patio has gas hookup for grill and pool is in. The pool has a slide and waterfall with a cave.

18146 W Ocotillo Avenue Goodyear, AZ 85338

$570,000
4 Beds
2.5 Baths
2,700 SqFt
Status Active
MLS # 6679058
Property Type Single Family Residence
Price Type --
Four Bedroom - top-of-the-line (semi-custom) property has it all. GATED COMMUNITY is located within the popular Estrella Mountain Ranch with all its amenities - community pool and exercise amenities, lakes, and golf course. Granite countertops - an extra large island, Cherry wood cabinets, and classic dark wood shutters are just a few of the upgrades—the large entry door to the foyer - tile throughout most of the home. Wrought iron wine bar enclosure, stone fireplace, and stainless steel appliances are a few more reasons you will want to own this spectacular home—schools—large within proximity. Back yard has a grassy island and a variety of plants. Owner/Agent

1305 E Cathedral Rock Drive Phoenix, AZ 85048

$570,000
4 Beds
2.5 Baths
2,237 SqFt
Status Active
MLS # 6685809
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the highly sought-after Ahwatukee Foothills! Nestled in a serene cul-de-sac, this 4-bedroom, 2.5-bathroom residence boasts 2,237 square feet of luxurious living space. As you step inside, you'll be greeted by a stunning layout, perfect for entertaining guests or simply enjoying family time. This home has a NEW ROOF with a 15 year transferrable warranty. Say goodbye to worries about roof maintenance for years to come, this not only provides peace of mind but it also adds value to your investment. The next item you won't want to miss is the updated Primary Bathroom: Indulge in luxury with the newly updated...click more to cont. primary bathroom. Featuring modern fixtures and elegant design, this spa-like retreat is your personal oasis for relaxation and rejuvenation. Out back you'll find the private Pool with Sunset Views: Escape the Arizona heat in your own private pool, where you can lounge with guests or family while admiring breathtaking sunset views over South Mountain. Desirable Location in Ahwatukee Foothills: Enjoy the convenience of living in one of Ahwatukee's most desirable neighborhoods, with top-rated schools like Desert Vista High School just moments away. Entertainer's Kitchen with Island: The heart of the home is the spacious kitchen, complete with an island and adjoining family room. Whether you're hosting a dinner party or a casual gathering, this space is perfect for creating unforgettable memories. But that's not all! This home has been meticulously updated throughout, including new carpet, interior paint, plumbing upgrades, updated lighting fixtures, and more. From the resurfaced upstairs patio to the refreshed den and bedroom closet doors, every detail has been carefully considered to ensure maximum comfort and style. Don't miss out on this incredible opportunity to own your slice of paradise in Ahwatukee.

5153 N Main Drive Apache Junction, AZ 85120

$570,000
3 Beds
2 Baths
1,640 SqFt
Status Active
MLS # 6690299
Property Type Single Family Residence
Price Type --
Beautiful 2.5 acres close to freeway, and surrounded by views, clear skies, city lights and peace and quiet! This 3 bedroom, 2 bath home has updating and room for the family. Updates include engineered wood flooring, Thermaster energy efficient windows, French doors, beadboard, stainless appliances, new roof and more. The great room is open concept with wood beams and a real wood burning fireplace. Bring your toys and horses as there is room for all! This horse property/mini farm has 2 stalls, a barn or 2 car garage, storage shed and a carport. Home has it's own well. The east 1.25 acres share a well with one other and can be subdivided. Easy to show. This property has something for everyone!

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