New Construction Index
Paradise Valley New Construction Index — July 2026
July 2026 · published August 26, 2026
New construction inventory in Paradise Valley fell to 37 homes at the end of July 2026, down from 49 a month earlier. Against 60 sales over the preceding twelve months, that is 7.4 months of supply — the tightest reading of the year.
The July 2026 snapshot
| July 2026 | June 2026 | |
|---|---|---|
| New homes listed | 37 | 49 |
| Sold, trailing 12 months | 60 | 61 |
| Months of supply | 7.4 | 9.6 |
| Median asking price | $11,500,000 | $11,999,999 |
| Asking price per square foot | $1,395 | $1,516 |
| Sold price per square foot, trailing 12 months | $1,249 | $1,242 |
Inventory fell by a quarter in a month while the trailing sales rate barely moved. That is what drove supply down — homes leaving the market, not a surge in buying.
What closed in July 2026
| Address | Sale price | Size | $/sq ft | Share of asking |
|---|---|---|---|---|
| 5225 E Mockingbird Lane | $12,200,000 | 9,758 sq ft | $1,250 | 100.0% |
| 6615 E Cheney Drive | $12,000,000 | 8,726 sq ft | $1,375 | 96.0% |
| 8631 N Avenida Del Sol | $11,750,000 | 7,769 sq ft | $1,512 | 94.8% |
| 4510 E Maderos Del Cuenta Drive | $10,500,000 | 5,780 sq ft | $1,817 | 84.0% |
Did sellers get their asking price?
One of the four closed at exactly its asking price. The rest gave ground — 96 percent, 94.8 percent, and 84 percent of the last list price.
The widest discount is also the highest price per square foot on the table. 4510 E Maderos Del Cuenta Drive sold at $1,817 per square foot, well above every other July closing, having come down 16 percent from asking. Small homes in this segment carry the highest per-foot prices, so a steep discount and a high per-foot figure are not in tension.
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
- June 2026 issue
- August 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 July 2026?
- Thirty-seven detached new construction homes were on the market in 85253 at the end of July 2026, down from 49 in June, at a median asking price of $11,500,000 or $1,395 per square foot. Against 60 sales over the preceding twelve months that is 7.4 months of supply, the tightest reading of 2026.
- How many new construction homes sold in Paradise Valley in July 2026?
- Four closed during July 2026, at a median of $11,875,000: 5225 E Mockingbird Lane at $12,200,000, 6615 E Cheney Drive at $12,000,000, 4510 E Maderos Del Cuenta Drive at $10,500,000, and 8631 N Avenida Del Sol at $11,750,000.
- Are Paradise Valley new construction sellers getting their asking price?
- Of the four new homes that closed in July 2026, one sold at exactly its asking price and one at 96 percent of it. The other two closed further below: 94.8 percent and 84 percent of the last asking price.
- What did new construction cost per square foot in Paradise Valley in July 2026?
- New homes sold over the twelve months to July 2026 at a median of $1,249 per square foot. The four July closings themselves ranged from $1,250 to $1,817 per square foot.
- 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.