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.”

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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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1700 E Lakeside Drive Unit 63 Gilbert, AZ 85234

$685,000 - 3Br/3Ba -  for Sale in Breckenridge Bay Lot 1-65 Tr A-i, Gilbert
Open House
$685,000
3 Beds
3 Baths
2,944 SqFt
Status Active
MLS # 6747139
Property Type Townhouse
Price Type --
Nestled in Breckenridge Bay, is this gorgeous two-story townhome! Delightful interior showcases a blend of tile & carpet flooring, soaring vaulted ceilings, custom palette, plantation shutters, & recessed lighting that illuminates every corner. HUGE living & dining room bathed in natural light offers sliding glass doors that open to the back patio. The kitchen features plenty of cabinet space, matching appliances, a breakfast bar, & a breakfast nook w/a bay window. Large main bedroom comes complete w/outdoor access, an ensuite w/dual sinks, & a walk-in closet. Head upstairs to find a flexible loft w/balcony access, ideal for an entertainment area. Hang out on the cozy balcony. The private backyard includes a covered patio w/ceiling fans. Amazing Community amenities await. Act swiftly!

16639 S 17th Street Phoenix, AZ 85048

$685,000 - 3Br/2Ba -  for Sale in Palmia At The Foothills Lot 1-90 Tr A-h, Phoenix
Open House
$685,000
3 Beds
2 Baths
2,182 SqFt
Status Active
MLS # 6709484
Property Type Single Family Residence
Price Type --
Experience an exquisite haven in this 3-bed to 2 bath home nestled in the Palmia at the Foothills community! Entering through the the grand dual doors, you're greeted with soaring ceilings, and lots of glorious natural light, large windows adorned w/ plantation shutters. Meander through this wondeful floorplan, on low maintenance, wood look flooring, enter the spacious living room with dining area, this is where memories are made, continue through to the great room w/ cozy fireplace and seamless access to the backyard for relaxation and entertaining. The kitchen, at the heart of the home, boasts views, recessed lights, plethora of spotless white cabinetry, tile backsplash, SS appliances, quartz counters & center waterfall island, pull up a chair, it's the center spot for entertaining, The main bedroom features plush carpeting, scenic views & direct backyard access. Enjoy the spa-like bathroom w/ dual vanities, a soaking tub framed by elegant glass blocks, a sit-down shower & a walk-in closet. Morning coffees or BBQ party in the backyard with a covered patio or quick dip at the pool any day of the week. Visit now

15708 E Yucca Drive Fountain Hills, AZ 85268

$685,000 - 3Br/2Ba -  for Sale in Sunridge Canyon Parcel C, Fountain Hills
Open House
$685,000
3 Beds
2 Baths
1,838 SqFt
Status Active
MLS # 6712184
Property Type Single Family Residence
Price Type --
Great new price / Come take a look at this recently remodeled home in desirable Sunridge Canyon! Interior walls removed to make this a truly open & bright floor plan/all new wood like flooring throughout/New modern electric fireplace/new ceiling fans. baseboards, interior paint, smoke detectors. HVAC new 2018/Nothing to do but move in and enjoy life in beautiful Fountain Hills. This single level home offers a formal dining room / kitchen with breakfast bar and breakfast room overlooking the yard / 2 bedrooms plus a den/office - or it can be your 3rd bedroom!! Nice location allows for e-z access to all community amenities including Golden Eagle Park/Pickle Ball courts and more/ just a short drive to shops and restaurants!! 12 month min. rentals in Sunridge /Don't miss out on this one

8545 E Pinchot Avenue Scottsdale, AZ 85251

$684,999
3 Beds
2 Baths
1,290 SqFt
Status Active Under Contract
MLS # 6750294
Property Type Single Family Residence
Price Type --
Location! Location! Location! A stunning and completely renovated home boasts an open floorplan with very large 3 bed, 2 bath, 1 car garage. covered patio, RV parking, and BRAND-NEW sparkling pool. Brand new roof, HVAC Unit, and new windows. The kitchen comes with stainless-steel appliances, quartz countertops and brand-new white & black shaker cabinets. Brand new vinyl wood flooring throughout the home. Enjoy the fully upgraded, spa like bathrooms with high end shower system, framed mirrors, shower niche, and custom vanities. Sparkling pool with easy to maintain landscaping creates a perfect outdoor oasis. Situated in the heart of Scottsdale and just minutes from great beautiful parks, restaurants, the entertainment, shopping, groceries, and close freeway access.

12345 W Encanto Boulevard Avondale, AZ 85392

$684,999
5 Beds
3 Baths
3,751 SqFt
Status Active
MLS # 6704628
Property Type Single Family Residence
Price Type --
MOTIVATED SELLER**Exquisite 2-story home that will take your breath away all on approx. ¼ of an acre. Stunning 5 spacious bedrooms, 3 luxurious bathrooms, providing ample space! As you enter, you'll be greeted by magnificent wrought iron security doors and double entry front doors, and soaring ceilings. Spacious bedroom DS with a full bath adjacent. Gourmet Kitchen with large island, SS refrigerator, granite countertops make it complete. Formal dining and living room with a fireplace provide an elegant and intimate setting. This home offers an amazing loft for additional living space, a built-in desk for a home office, a beautiful balcony overlooking the pool.The amazing backyard is spacious with a covered patio, a cabana, a fire pit, a separate storage structure that has endless uses!

20191 W Hollyhock Street Buckeye, AZ 85396

$684,995
4 Beds
3.5 Baths
2,840 SqFt
Status Active
MLS # 6738875
Property Type Single Family Residence
Price Type --
Part of the Modern Living collection, The Darius provides a sophisticated and accommodating ranch-style layout. In addition to a lavish primary suite with a roomy walk-in closet and attached double-sink bath with an upgraded deluxe tile shower-this home includes a second primary suite with an adjacent living room, perfect for multi-generational living. You'll also enjoy a 3-car garage, a study, a great room with an adjacent covered patio-featuring multi-slide doors, two additional bedrooms that share a jack and jill bathroom, and an inviting gourmet kitchen with a generous island, built-in pantry, 42'' white cabinets with brushed nickel pulls, quartz countertops, tile backsplash, GE Plus stainless-steel appliances with chimney hood and 36'' gas cooktop and an adjacent dining nook. This home has 9 x 35 tile flooring with carpet only in the bedrooms, brushed nickel hardware, lighting and faucet packages throughout, pendant lighting at the kitchen island, and a full wet bar with upper and base cabinets in the guest living room. In addition, 10 ft ceilings, two-tone paint, ceiling fan prewires in the bedrooms, great room, study and covered patio, soft water loop in the garage, laundry sink pre-plumb, garage service door, paver driveway and walkway, front yard landscaping and exterior coach lights are also included. This home is situated on a 9202 square foot, North facing corner lot with a double side gate. Ready Now!

3024 E Lawndale Drive Gilbert, AZ 85298

$684,990
5 Beds
3.5 Baths
2,938 SqFt
Status Active
MLS # 6748787
Property Type Single Family Residence
Price Type --
BRAND NEW KB HOME! This two-story home features an open floor plan with 9-ft. first floor ceilings and a spacious great room that opens to an extended covered back patio. The modern kitchen offers quartz countertops, a walk-in pantry, and 42-in. upper cabinets for added storage space. The first level also includes a versatile den, powder bath, and a bedroom with full bath. Moving upstairs, the spacious loft is perfect for family movie nights or as an open home office. The primary suite offers an oversized closet, and the luxurious primary bath boasts a walk-in shower and an extended dual-sink vanity.

25912 N 22nd Lane Phoenix, AZ 85085

$684,990
3 Beds
2.5 Baths
2,568 SqFt
Status Active
MLS # 6720715
Property Type Single Family Residence
Price Type --
Alta Farmhouse elevation, covered entry with pavers & front yard turf landscaping. Interior features 2567 square feet on 2 levels, 3 bedrooms 2.5 bathroms and 2 car garage. Open concept floorplan with 9 foot ceilings and 8 foot doors. Kitchen features quartz countertops, silver grey painted shaker style cabinets with stainless steel hardware, stainless steel gas 5-burner cook top, under cabinet hood, wall oven and microwave and 5 cycle dishwasher. Primary with on-suite bathroom featuring modified shower with marble surround, matching shaker style cabintes and walk in closet. Spacious laundry room located upstairs near bedrooms. Split concept bedroom layout with 2 bedrooms and a full bath on the opposite side of the upstairs loft from primary suite. 6x36 natural wood look tile and upgraded carpet and pad. Ceiling fan prewire in bedrooms and pendent light prewire with separate switch over island in kitchen. 4-panel sliding glass door to side yard and gas BBQ stub.

7313 E Jasmine Street Mesa, AZ 85207

$684,900
5 Beds
3 Baths
2,801 SqFt
Status Active
MLS # 6752294
Property Type Single Family Residence
Price Type --
Amazing 5 Bedroom 3 Bath Home with Sparkling Pool. No HOA! Close to Schools, Shopping and Freeway! Seller is offering a 2% concession towards Buyers closing cost or loan fees. Currently, Seller is remodeling the Home.

4723 E Rockledge Road Phoenix, AZ 85044

$684,900 - 4Br/3Ba -  for Sale in Desert Breeze Lot 1-188 Tr A & Drainageway, Phoenix
New
$684,900
4 Beds
3 Baths
2,722 SqFt
Status Active
MLS # 6759904
Property Type Single Family Residence
Price Type --
Gorgeous renovated home! New floors and carpet, quartz kitchen countertops, fresh interior paint and more! Close to shopping and I10 freeway.

1246 S Sunnyvale -- Mesa, AZ 85206

$684,900
4 Beds
2 Baths
2,783 SqFt
Status Active
MLS # 6743315
Property Type Single Family Residence
Price Type --
**PRICE IMPROVEMENT** Fall in love with this large 4BR home from the minute you step inside; the immaculate and inviting interior is sure to make you smile! It's easy to picture yourself enjoying this lovely home with its inviting, open floorplan featuring vaulted ceilings and large windows that draw in the natural light, lighted niches, generous secondary bedrooms with plantation shutters, a lovely master suite with a spacious bathroom featuring dual sinks, separate shower & tub, and large walk-in closet. This home is move-in ready with a new professionally painted interior, brand new contemporary ceiling fans and updated fixtures in the main living areas. Two large living areas invite you to entertain friends or enjoy time with your family. A beautiful, upgraded kitchen with granite counters, stainless appliances and recessed lighting, direct access to the covered patio via French doors, a large laundry room and a 3-car garage with Epoxy coated floors are just a few of the things that make this home special and livable. The low-maintenance landscaping will free up your time for fun with friends and family, and the home is within walking distance to elementary and junior high schools. DON'T MISS this rare opportunity to snag a gem in Mesa's coveted STONEGATE ESTATES!

28656 N 45th Way Cave Creek, AZ 85331

$684,900
4 Beds
2 Baths
2,226 SqFt
Status Active Under Contract
MLS # 6718995
Property Type Single Family Residence
Price Type --
Gorgeous TW Lewis home in Cave Creek is coming soon! The seller installed a 5-ton Trane AC unit in October of 2016, the water heater in December of 2021, and he replaced all the roof underlayment in June of 2021. Soaring ceilings & plantation shutters in every room, granite counter tops throughout, stainless steel appliances, Gas stove, Large eat in kitchen. BONUS - The refrigerator, washer, and dryer convey stay with the home.Big family room with gas fireplace. 20'' Tile floor entire house, Spacious walk in closet, Double sinks in both bathrooms, Raised master vanity with a separate tub and shower. Nicely landscaped yard with an extended patio. Three car garage with storage cabinets, Walking distance to Dynamite Park. Close to Desert Ridge Shopping

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