I have been surprised that the prices on many new homes in active adult communities have not dropped that much. Same for resales.  But there may be a opportunity for a deal on homes being finished at Seaons on Lake Lanier in Gainesville Georgia north of Atlanta.

Seasons on Lake Lanier in on beautiful lake lanier in North Georgia was started by Levitt & Sons as developer.  My wife and I went up and previewed this community on July 6, 2007. See our blog post.  Then Levitt & Sons the developer went bankrupt.

That was then this is now.  We spoke with a on site person who says 30 homes that were presales are being finished.  I saw that  John Wieland doing so of the building. The homes are being finished as ordered originally and will contain the extras like hardwood floors, paint colors, etc as ordered.  However these homes are offered at true saving of $30 to $60 thousand off the original Levitt & Sons price.  So if you find a home that has what you want or can live with, then you may get a very good price.

The plan is at the first of the year to select a developer to pick up Seasons at Lake Lake and continue the built off of 700 plus homes and the amenities.  At that time prices could go up.  This may be worth checking out if you are currently in the market for a home in an active adult community.  Their web site is seasonsonlakelanier.com.