Category: Uncategorized

  • From the porch in Blue Ridge.

    The corridor is quiet this time of year. The leaf-peepers haven’t arrived; the summer renters are still unpacking. The downtown is its own town again, for about six weeks.

    I keep writing these letters because the phone calls don’t scale. The honest answer to “should I be worried about the market?” is different in March than in October, and the answer is rarely whatever the national headline says. So a few times a quarter I sit on the porch with a pencil and write down what I’m seeing — what’s moving, what’s holding, what I’d tell a friend.

    The thing on my mind right now: the spread between Blue Ridge proper and the towns ten minutes south is widening. Blue Ridge is holding its premium because the walkable downtown is irreproducible — you can build another mountain home, you can’t build another Blue Ridge Drive. But Cherry Log and Ellijay are quietly building real towns of their own, and the price-per-acre math down there is starting to look interesting.

    Most of what I’ve learned in this corridor I learned by being wrong about it first.

    Thomas · From the porch

    If you’re thinking about the corridor, this is the season to come up and look at it. The leaves are in. The restaurants aren’t packed. The Saturday morning at the depot is the version that locals know.

    If a trip makes sense, write back.

  • Las Olas, Q1 2026: inventory stayed tight. Prices held.

    The first quarter of 2026 was a study in contradictions. Nationally, rising inventory cooled buyer urgency in most markets. Las Olas told a different story — one rooted in structural supply and a buyer profile that doesn’t flinch at the rate environment.

    Here’s what the numbers showed. More importantly, here’s what they mean for the decisions you’re weighing right now.

    The supply picture.

    Active inventory in the Las Olas waterfront submarket — direct canal or Intracoastal access, priced above $2M — ended Q1 at 14 listings. That’s down from 19 at the same point in 2025. Days on market for closed sales averaged 47, versus 63 in Q1 2025.

    The compression isn’t mysterious. Owners here hold 8 to 15 years. The catalysts for selling — estate, relocation, upgrade — are predictable but infrequent. New-construction supply is essentially zero; there are no waterfront lots of meaningful size remaining in the core corridor.

    The buyers who hesitate in this market don’t lose by a little. They wait eighteen months for the next comparable listing.

    Thomas · April 2026

    Price behavior.

    Median closed price in Q1 2026 was $4.2M — essentially flat against $4.1M in Q4 2025. The floor held, which surprised analysts expecting seasonal softening. What sustained it: a steady pipeline of qualified buyers, mostly South Florida residents upgrading within the market, not out-of-state relocators reading rate sheets.

    The top end ($6M+) moved slowly, but didn’t concede on price. Two properties in that range closed in Q1. Both took offers within eight percent of asking; both had been on market under sixty days. That is strong signal.

    14

    Active listings · Q1 2026

    47

    Avg. days on market

    $4.2M

    Median closed price

    If you’re buying.

    If you’re in the $2M–$5M range with flexibility on timing, the temptation is to wait for inventory to open up. I’d caution against that framing. Inventory opening up usually means someone else got to it first. The properties worth owning in this neighborhood move quietly — many before they formally list.

    Two Las Olas waterfront properties are in pre-market conversation right now. If this market is on your radar, that’s where to start.