Jacksonia

Anybody know anything about which of these apartments were previous rental units? They are selling units in buildings 131/133/135 now.

What type of value reduction is the norm for new construction that was rented?

Has anybody had any experience buying in Jacksonia? There are several units left that seem to be going in/out of contracts for over a year, I wonder why the contracts keep falling through - buyer financing or inspection issues?

131/133/135 are the "Phase 2" of the building and are considered a separate condominium from the "Phase 1" which is addresses 137 through 145. When completed, they initially held by the developer and were all rentals also being offered with a "rent-to-own" option. This was done over the past year and a half, and as mortgage rules tightened up, a number of those people moved out.

"Phase 1" was completed prior and barring a couple of rentals by individual owners, is comprised of individual homeowners.

To clarify:
"Phase 2" was originally held by the developers as rentals - these are the units currently on sale.
"Phase 1" was all direct sales right from the start.