There is no specific reason for this, other than the market is a true buyers market here in Florida, we are seeing this all over our area. I have lived here my entire life, and been doing Real Estate for over a decade. We saw the same thing in the late 90's after a lot of FHA backed loans were going into foreclosure and some neighborhoods were saturated with homes for sale! I have viewed nearly every home in this community, and they are investors, "normal" people who lost jobs and are losing their homes, retirees who have lived there 20 years that area downsizing (do not want stairs), and younger couples who are moving up to larger single family homes now that they are affordable. It is not a bad area, or one that will not keep value, if that is what you are thinking. This neighborhood has many features that others like it do not (lower HOA fees, private boardwalk and canoe/kayak area to river, dock for fishing/picnics, etc...)!! Great neighbors and friendly people...lots of people jogging, walking dogs, biking, etc..through the community! Let me know if I can help....good luck!

Mon Apr 7 2008, 07:37

Hi Ian,
This area had quite a few investors at the end of the boom in 2004 and 2005. Many were not able to turn them over to make a profit and; therefore, they are on the market. I know River Pines well. Can I assist you in your search? Katie Murphy, Keller Williams Realty 561-452-2160; ktmurphyrealtor@aol.com

Mon Mar 17 2008, 15:26