Riverbreeze, Western Branch South

[Kristine F.]

Hello.  Is anyone familiar with the detached condos in Riverbreeze, Western Branch South?  Does anybody know why property values have not gone up as much as the properties in other neighborhoods?  I was looking at Redfin and saw that some of the houses sold in the high $280s in 2007; however, the most recent 4 bedroom property just sold for only $220,000.  I just bought a foreclosure in that neighborhood and renovated it.  I haven't decided yet if I will keep it as a rental or if I will sell it.  If I sell it, I will likely lose money since I spent more money for renovations than I originally planned.  However, if the value will not appreciate or will decline, I am thinking I might be better off selling now at a loss and investing somewhere else that have more potential for growth.  Thanks in advance for the response.