Many less-experienced flippers who bought heavily into pre-construction deals in large communities on the Treasure Coast have experienced less than great returns. Instead of the quick riches they expected, many have encountered a slow market in which buyers are hard to come by. Some are stuck carrying mortgages longer than expected, cutting their asking prices or walking away from contracts altogether. The driving force: Too much competition for a diminished pool of buyers.

Just in Martin’s Crossing — one of the largest new communities in Martin County — 81 of about 500 completed homes were for sale last week, not including many listed by owners. In its sister development in St. Lucie County, Newport Isles — a subdivision east of Interstate 95 in Port St. Lucie — 84 of 403 completed homes were listed with an agent. Meanwhile, the communities’ builders also are continuing to jockey for buyers.

Uneasy about the shifting real estate market in Palm Beach county? Real estate Caesar Parisi stands ready with effective advice on buying or selling Boca Raton FL condos.

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