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Old 09-13-2008, 07:36 PM
 
16,081 posts, read 30,655,065 times
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Does anyone know why so many houses in this fairly new neighborhood are for sale? It is unbelievable!
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Old 09-13-2008, 07:55 PM
 
Location: Tennessee
780 posts, read 1,691,231 times
Reputation: 265
Default 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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Old 09-14-2008, 03:35 PM
 
Location: Knoxville
1,155 posts, read 3,218,078 times
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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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Old 09-14-2008, 03:46 PM
 
Location: The Conterminous United States
22,583 posts, read 51,687,607 times
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Maybe foreclosures?
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Old 09-15-2008, 07:53 AM
 
Location: Minnesota
52 posts, read 191,919 times
Reputation: 47
Default 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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