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09-13-2008, 08:36 PM
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Moderator
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Join Date: Jun 2007
8,219 posts, read 5,203,616 times
Reputation: 6100
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Majestic Mountains Subdivision near Seymour
Does anyone know why so many houses in this fairly new neighborhood are for sale? It is unbelievable!   |
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09-13-2008, 08:55 PM
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Enjoying Life to the fullest
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Join Date: Jun 2007
Location: Tennessee
777 posts, read 439,188 times
Reputation: 237
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Price
Maybe its the price of them, they are in the 300-400 thousand dollar range which is pretty high, its a nice area, I have been thru it before, I just dont think the prices are good for todays market, people just cant afford that, and since its a subdivision people probably rather spend that kind of money on homes with acreage, just my guess
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09-14-2008, 04:35 PM
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Real Estate Agent
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Join Date: Dec 2007
Location: Knoxville
909 posts, read 561,978 times
Reputation: 221
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Majectic View is nice, and like many have said, the prices are a little high, and its sort of in a good location, if you want to travel to Sevierville, and Knoxville and Blount. May be too many homes, for the price, and area.
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09-14-2008, 04:46 PM
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Real Estate Agent
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Join Date: Sep 2006
Location: Knoxville, Tennessee
10,666 posts, read 8,001,689 times
Reputation: 3268
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Maybe foreclosures?
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09-15-2008, 08:53 AM
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Member
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Join Date: Aug 2007
Location: Minnesota
49 posts, read 39,417 times
Reputation: 30
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Majestic Meadows
It appears that various builders purchased several lots when they were sold at auction. Then they built homes to keep their crews busy and then the housing crunch came. I have talked to a few builders recently and they are willing to accept offers just to get out from under the monthly payments. Some of the builders are going out of business.
I also believe the homes are overpriced in Majestic Meadows and the prices will come down as this is a supply and demand market. It is a nice subdivision, but there are other nice subdivisions out there that are less expensive.
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