They will all correct the same way because they were all created the same way. Namely by speculators and easy credit, and not real buyers with real affordability. To put it simply, the market should not have been where it was, and now it is free falling back to where is was supposed to be. This is the reality of every market in this country. Rivermark will follow.
If you want to be safe, find another way to acquire your home. Don't buy from the big developers and educate yourself on not just the market, but how the players in the Real Estate business (i.e., brokers, developers, agents, lenders, etc.) get paid and what they actually do. This is very important! Knowing this can save you up to 45% up front on the cost of the home and hundreds of thousands on the duration of the mortgage.
You can email me at email@example.com - and I will send you some free information. Good luck.
It would also seem to me that the demographic of the homeowners do not really lend themselves to getting into financial trouble (professional jobs, hi tech hasn't really been hit) so you dont really see any shortsales and most folks are original owners and have so much equity that the loan mess wouldn't really have a huge impact. I cant imagine anyone being upside-down on their mortgage, given the appreciation over the past 5 years.
I completed some stats on Rivermark for a client and over all, Rivermark has seen about a 1-3% drop in average sales price in the last year. A lot of it depends on unit size and location in the complex, but overall the prices have come down a little bit. How long the trend will continue? Who knows. In the last 3 months, 1 unit out of 3 units listed has reduced the price.
Rivermark is a very nice complex, convenient to many jobs within the tech industry. Many I have spoke to like living there and only move when they are ready for a larger, detached home.