shining rock the real story

Dedicated to revealing the facts you won't hear from the sales pitches of Pulte or Shining Rock Development

Friday, January 14, 2011

After some much needed time away, took another drive thru Shining Rock before, during & after the snow storms. Very surprised to see how many of the condo residents were shoveling snow - driveways, walkways, sidewalks...........isn't this why you folks bought condos? You gonna cut your grass too?

Anyway, while fishing thru the county site to look at prices (checkin' the investments), found some interesting tidbits about Ridgeway & Shining Rock. As confirmed by a resident, it seems that SRD condo values have fallen in the 20% range this year. While it's certain that some of this impact is from the overall economy, it can't help that buyers can get into a brand new unit for about the same price as for the existing ones, that are 5-6 years old, have delaminating shingles, deteriorating driveways, cracked sidewals, less curb appeal, much higher fees and a requirement to shovel your own driveway.

And, just in time to help those falling values - Pulte gets permission to add 16 more units! Gotta luv it.....unless you live there.

For those who are comparing, here's a site to visit: www.zillow.com

From my shoppin', looks like competition has pricing falling like a (shining) rock!

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