New Construction Index
Paradise Valley New Construction Index — June 2026
June 2026 · published June 22, 2026
Forty-nine new construction homes were on the market in Paradise Valley at the end of June 2026, against 61 sales over the preceding twelve months. At that rate the standing inventory would take 9.6 months to clear.
The June 2026 snapshot
| June 2026 | |
|---|---|
| New homes listed | 49 |
| Sold, trailing 12 months | 61 |
| Months of supply | 9.6 |
| Median asking price | $11,999,999 |
| Asking price per square foot | $1,516 |
| Sold price per square foot, trailing 12 months | $1,242 |
What closed in June 2026
Two new construction homes recorded sales during the month.
| Address | Sale price | Size | $/sq ft | Share of asking |
|---|---|---|---|---|
| 4540 E Moonlight Way | $7,000,000 | 5,014 sq ft | $1,396 | 100.2% |
| 5002 E Valle Vista Way | $12,000,000 | 9,068 sq ft | $1,323 | 80.0% |
Two sales is too thin a month to read as a trend, which is the reason this Index reports sales over a trailing twelve months. It is worth noting the spread all the same: one home closed marginally above its asking price, the other at a fifth below it.
Why the asking median sits above the sold median
Homes still listed at the end of June asked $1,516 per square foot. Homes that actually sold over the preceding year traded at $1,242. That gap is not a discount rate — it is a difference in what is in each group. Unsold inventory skews toward the larger and more expensive homes, which take longer to find a buyer and therefore accumulate on the market.
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
- 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 June 2026?
- Forty-nine detached new construction homes were on the market in 85253 at the end of June 2026, at a median asking price of about $12.0 million, or $1,516 per square foot. Against 61 sales over the preceding twelve months that is 9.6 months of supply.
- How many new construction homes sold in Paradise Valley in June 2026?
- Two closed during June 2026: 4540 E Moonlight Way at $7,000,000 and 5002 E Valle Vista Way at $12,000,000. Monthly closings in this segment run low single digits, which is why the Index reports sales over a trailing twelve months rather than month by month.
- What did new construction cost per square foot in Paradise Valley in June 2026?
- New homes sold over the twelve months to June 2026 at a median of $1,242 per square foot. Homes still on the market at the end of June asked a median of $1,516 per square foot, because unsold inventory skews larger and more expensive than what actually trades.
- 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.