The Roads Market Report — March 2026

March 2026 was the defining month of Q1 — five closings across a $3.7M price range, from a $1.15M Old Spanish entry to a $4.85M new construction sale that had been on the market for 214 days. No other single month in the first quarter exposed The Roads’ full price spectrum so clearly. January averaged $1.67M. February compressed into a $100K band below $1.3M. March opened both ends simultaneously. One property excluded from this report — 40 SW 30th Rd — presented a boundary question that could not be resolved with confidence; it is not included in the figures above.

The anchor transaction of the month — and of the entire first quarter — was 2323 SW 2nd Ave at $4,850,000 in cash. The property is new construction. The buyer took 214 days to arrive. That timeline is the most important data point associated with this sale: new construction at the $4.85M level in The Roads finds its buyer eventually, but the buyer universe is small and the schedule cannot be compressed on demand. When new construction trades above $4.5M in this neighborhood, it confirms the market can support luxury pricing for the right product. It does not confirm that the timeline will be short. Sellers of new construction at this price should build patience into their expectations. The 214-day hold ended in a cash close at full range — but it required 214 days to get there.

45 SW 19th Rd at $2,900,000 in 86 days demonstrates where renovation premium lands in the current market. A fully improved home priced at a meaningful premium over the entry tiers, but below the new construction ceiling, found a cash buyer in under three months. The renovation did the work: it bridged the gap between an $1.15M Old Spanish home and a $2.9M finished product in the same neighborhood. Eighty-six days for a $2.9M cash transaction is a reasonable outcome for a renovated home at this price level; it is not a sign of hesitation, it is a sign of a functioning market for improved product.

3001 SW 4th Ave was the only conventional close of the month, at $1,940,000 in 58 days. The conventional path at $1.94M requires a qualified buyer, a supportable appraisal, and an underwriting process that adds time. The fact that it closed in 58 days at this price point via conventional financing is confirmation that the mid-range market — roughly $1.9M to $2.1M — is accessible to non-cash buyers when the underlying property supports appraisal. Not every transaction at this level requires cash.

At the entry end of March, two closings happened in succession, both in under 10 days. 426 SW 26th Rd closed at $1,230,000 in 7 days in cash. 1852 SW 2nd Ave — an Old Spanish home — closed at $1,150,000 in 9 days in cash. Two entry-level cash closings in single-digit days in a single month is not coincidence; it reflects listings that were priced to move and found buyers who were already positioned to act. The Old Spanish architecture at $1.15M closed in 9 days — the same architectural style that required 82 days in February at $1.25M. The February corner Mediterranean was the most expensive close of its month; the March Old Spanish was the least expensive close of its month and priced $100K lower. The variable that explains the timeline difference is pricing relative to buyer expectation, not the architecture itself.

March’s approximately $12.07M in total volume came from five transactions that covered every tier of the market simultaneously. That breadth — from 9-day cash entries to a 214-day luxury close — is The Roads operating at its full range in a single month.