Here's another unit at Acqua Vista that's listed below the price the current owners paid the developer.
Also interesting is that they listed this unit for a loss without putting the unit at a higher price, not getting any offers (or likely no walkthroughs) and then cutting the price. Perhaps we are at a point where almost everyone including real estate agents recognize the market for having made a clear move down.
Going back to my point about listing below developer price, there were a fair number of flipped units in this building so the losses must be mounting.
Type: Listed on MLS(#066081157)
Resale Price: $384,900
Loss@6% Sales Expenses: $29,194
Purchase Date: 04/01/2005
Holding Period: 17 months and counting...
Square Feet: 877
Purchase Details: view