I was watching this development before they started selling as I was interested in buying there. The initial price for the first homes was supposed to be $650,000 (as per the mailings I received). I went to the grand opening. There were so many people there that they had buses to transport people from their cars to the model homes. It was packed! They had many tables set up in the street for people to fill out their purchase forms. The initial prices turned out to be just under $900,000. These builders have already made huge profits. If they would have had a profit at 650k, then they raked it in. That may be part of the reason that they have not felt the pressure to reduce prices.
