New Construction Index
Paradise Valley New Construction Index — June 2026
June 2026 · published June 22, 2026
The Paradise Valley New Construction Index is our own monthly read on the 85253 market, built from the active listings we track on this site — new and newer homes, scrape opportunities, and vacant lots. Here is where things stood in June 2026.
How we define it: "new construction" here means homes built in 2015 or later — a roughly 10-year window that spans genuinely new spec homes and newer resales, not only just-completed builds. A 2015 home is now about 11 years old, so we treat this as the "new and newer" set rather than implying every listing is brand-new.
The June 2026 snapshot
| Category | Active | Closed (Jun) | Median list price | Active $/unit | Closed $/unit |
|---|---|---|---|---|---|
| New and newer homes (2015+) | 70 | 6 | $9,997,500 | $1,342 / sq ft | $1,287 / sq ft |
| Scrape opportunities | 10 | 0 | $2,825,000 | $827 / sq ft | — |
| Vacant lots | 25 | 4 | $2,600,000 | $1,917,293 / acre | $2,739,865 / acre |
"Active" is what was listed on the site (priced by asking price); "Closed (Jun)" is how many in each bucket actually recorded a sale during June 2026, and "Closed $/unit" is the median price per square foot — or per acre for lots — of those June sales. Together they read where deals are actually clearing versus where inventory is asking.
New and newer homes (2015+)
Seventy homes built in 2015 or later were active in Paradise Valley, with a median asking price just under $10M and a median of $1,342 per square foot. This is a broad set — a mix of just-completed spec homes and newer resales up to about a decade old — so the median blends vintages rather than describing only brand-new builds. The range is striking — from about $2.15M to $40M, from entry-level luxury to trophy estates. At a median of 94 days on market, well-priced homes are moving at a measured pace. Six homes in this segment closed during June, at a median of about $1,287 per square foot — a touch below the $1,342 active asking median, a sign sellers are conceding a little at the close.
Scrape opportunities
Ten older homes on quality lots qualified as teardown-and-rebuild candidates (built before 2015, on lots of roughly an acre or more). The median was $2,825,000 at $827 per square foot — pricing that reflects land value far more than the existing structure. With a median 118 days on market, buyers have a bit more room to negotiate here than on finished new homes. No teardown/scrape listings closed during June — closings in this niche are sporadic month to month.
Vacant lots
Twenty-five build-ready parcels were available, at a median of $2.6M, or roughly $1.9M per acre. Land carried the longest median days on market of the three categories (152), which is typical — buying a lot is the start of a multi-year build, so it draws a more deliberate buyer. Four lots closed during June, at a median near $2.74M per acre — above the active median of roughly $1.9M/acre, though with only four sales that figure swings easily and should not be read as a trend.
Track it live
These figures are a point-in-time snapshot. The live New Construction Index always reflects the current active inventory — visit it any time for today's numbers.
Related reading
- New Construction vs. Resale in Paradise Valley — how to weigh a brand-new build against an established home.
- What to Look For When Buying a Lot — evaluating land before you commit to a ground-up build.
Frequently asked questions
- What counts as new construction in Paradise Valley?
- On this site, new construction means a home built in 2015 or later — a deliberately broad, roughly 10-year window. It includes just-completed spec homes as well as newer resales that are now up to about 11 years old, so new construction is not the same as newly built. Where it matters, we separate genuinely new homes (under construction or completed in the last year or two) from newer resales built 2015 to the early 2020s.
- What is the median price of new construction in Paradise Valley?
- As of June 2026, across the 70 active homes built 2015 or later in Paradise Valley (85253), the median asking price was about $10.0M, or $1,342 per square foot. That set blends genuinely new spec homes with newer resales, so it reflects new and newer inventory rather than only just-completed homes.
- How many homes are for sale in Paradise Valley?
- In June 2026 we tracked 70 active new-construction homes, 10 scrape (teardown) opportunities, and 25 vacant lots in 85253. The live New Construction Index shows current counts.
- What is a scrape opportunity in Paradise Valley?
- A scrape opportunity is an older home (built before 2015) on a quality lot — a teardown-and-rebuild candidate valued mainly for the land. In June 2026 the median scrape opportunity was $2,825,000.