It’s at the micro level - specific models, specific lot specs, etc. Not an across the board 6% cut.

BINGO

Some people think the sky is falling.............or hoping.

Interesting listing in Southern area, 613 Dominique Ln, The Villages, purhased earliet this year, nice looking property. Put on the market a month or so back, recent price drop of $20K, subtracting closing cost etc will be under water when sold.
Link below
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Wow! Village of St Catherine is a popular village. I pray all is well with the owners. It appears to be a need to sell situation. I hate to see anyone lose money on their home.

So OPs thread Title should be

“Developer changed prices on some models, on some lots.”

So, NO Freddie K, jumping out and slashing off prices of homes for Halloween.

Investors stop looking for the slashing, look for a slight reduction on home that may not interest you.

Stone issue?
 

I’m a newbie trying to get as much information as possible before my lifestyle visit. Could you please elaborate on the stone issue? A few preowned properties do have the stone landscaping. Thanks.

Because of restrictions of the water district, most deed restrictions for patio villas and verandas prohibit replacing existing turf with stone. Unfortunately, several owners have discovered that the previous owners did this and after being reported, are required to return the areas to original sod.

About 42 more precent. :D

At some homes, I think generally patio villas, homeowners took out the sod in the front yard and replaced it with stone without getting permission. The change is not allowed in all areas. If a neighbor complains, you have to remove the stone and replace the sod, even if it was done by a previous owner. Cost is expensive.

As a buyer, you need to ask if the stone was permitted by the Architecture Review Committee. Ask to see it in writing.

I am surprised by the mortgage rate. I suspect many are bridge loans or to be paid off when house up north sells

We bought two homes this way. First one was in Bonita was 13 yrs ago and second in Tamarind Grove 11 yrs ago. They had been sitting for quite some time when purchased them. Both served us well when we sold.

Investors
 

Investors often mortgage so their own cash isn’t as exposed. It stretches the dollar further for multiple investments.