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I haven't been to SJDS for a few years (I did live in Nicaragua but hardly ever went to SJDS actually), so I am not familiar with the specific developments there.  One data point I can tell you is that for a fact I just spoke with a foreigner who lives in Nicaragua who just a few weeks ago told me that he had bought a beach property from another foreigner who was leaving.  According to the wealthy buyer with whom I spoke, many people are selling at very low prices.  In Nicaragua, it's obviously the double whammy of the global economy plus the increased power of a government whose ranks have consistently been part of property theft for going on thirty years.  The person with whom I spoke was optimistic about Nicaragua's future, but frankly I don't share his optimism.

I'm sure from your research you also learned that many developments in Nicaragua are on confiscated properties (that is how the developers there often get cheap properties), which have extremely precarious titles usually bought with bribes that left some of the former "owners" bitter and willing to take back "their" properties by any means necessary.

As I've mentioned in my article on the censored forums run by real estate agents in Nicaragua and elsewhere, I have a deep suspicion of the motives of many who post online; and obviously the same goes for real estate agents in general, especially in less-accountable places like Central America. 

Indeed, that context provides some of the motivation I originally had to set up this website.