New Construction Index
Paradise Valley New Construction Index — August 2026
August 2026 · published September 18, 2026
New construction inventory in Paradise Valley rose to 41 homes at the end of August 2026, up from 37 in July. Against 60 sales over the preceding twelve months, that is 8.2 months of supply — loosening slightly after July's tightest reading of the year.
The August 2026 snapshot
| August 2026 | July 2026 | June 2026 | |
|---|---|---|---|
| New homes listed | 41 | 37 | 49 |
| Sold, trailing 12 months | 60 | 60 | 61 |
| Months of supply | 8.2 | 7.4 | 9.6 |
| Median asking price | $11,495,000 | $11,500,000 | $11,999,999 |
| Asking price per square foot | $1,406 | $1,395 | $1,516 |
| Sold price per square foot, trailing 12 months | $1,250 | $1,249 | $1,242 |
The trailing sales rate has been flat all summer at 60 to 61 homes a year. Every move in months of supply this quarter has come from the inventory side.
What closed in August 2026
| Address | Sale price | Size | $/sq ft | Share of asking |
|---|---|---|---|---|
| 6126 E Maverick Road | $14,100,000 | 8,565 sq ft | $1,646 | 100.0% |
| 5717 E Via Los Ranchos | $11,200,000 | 9,276 sq ft | $1,207 | 86.2% |
| 4901 E Berneil Drive | $8,600,000 | 7,138 sq ft | $1,205 | 96.4% |
A 36 percent spread in price per square foot
August's three closings ranged from $1,205 to $1,646 per square foot — the widest spread of any month this year, and a useful caution against quoting a single per-foot figure for Paradise Valley new construction.
The top of that range closed at exactly its asking price. The bottom two gave ground, one of them by nearly 14 percent. Size does not explain the gap here either: the most expensive home per foot was not the smallest.
Is this a buyers or a sellers market?
At 8.2 months, it favours buyers. Around six months is the conventional dividing line — below it sellers hold the advantage, above it buyers do. New construction in 85253 has run above that line every month of 2026, though well below the 25.5-month peak of April 2023.
What counts as a new construction home
A detached single-family home in Paradise Valley 85253 that was listed within three years of the year it was built. Homes listed before completion count too, because a buyer waiting on a build is part of this market.
The rule is the age of the home at listing and nothing else. It says nothing about who was selling, or whether a home was built on speculation or to order, because the MLS does not record either reliably.
Track it live
The New Construction Index recomputes from the MLS continuously and shows current inventory, months of supply, price bands and price per square foot by house size.
Related reading
- July 2026 issue
- June 2026 issue
- 85253 Market Report — the whole Paradise Valley market, not only new construction
Frequently asked questions
- How much new construction was for sale in Paradise Valley in August 2026?
- Forty-one detached new construction homes were on the market in 85253 at the end of August 2026, up from 37 in July, at a median asking price of $11,495,000 or $1,406 per square foot. Against 60 sales over the preceding twelve months that is 8.2 months of supply.
- How many new construction homes sold in Paradise Valley in August 2026?
- Three closed during August 2026: 4901 E Berneil Drive at $8,600,000, 6126 E Maverick Road at $14,100,000, and 5717 E Via Los Ranchos at $11,200,000. The median was $11,200,000.
- What did new construction cost per square foot in Paradise Valley in August 2026?
- New homes sold over the twelve months to August 2026 at a median of $1,250 per square foot. The three August closings ranged from $1,205 to $1,646 per square foot, the widest spread of any month in 2026.
- Is Paradise Valley a buyers or sellers market for new construction?
- At 8.2 months of supply in August 2026, new construction in 85253 favours buyers. Around six months is the usual dividing line: below it sellers hold the advantage, above it buyers do. Supply has run above that line every month of 2026.
- What counts as a new construction home in this index?
- A detached single-family home in Paradise Valley 85253 that was listed within three years of the year it was built. Homes listed before completion are included. The rule is the age of the home at listing and nothing else, so every figure can be reproduced from the MLS directly.