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Zilllows

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$1 sale price in Newburyport

Answer

Thanks for the answer Masha, what about foreclosure or auctions? I was looking at a house price on Zillow and saw 'last sold 2008' and sale price $1.Prior to that there are no sale date or price mentioned.

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Is the housing market in Newburyport looking UP?

Answer

The housing market is going to take about 2-3 years to rebound. Although a lot of nice towns like NBPT have been 'insulated', the trend will start to catch up. There are a lot of foreclosure already and it's only a matter of time until the prices start to go down. NBPT will not take a steep dive but there are some further downward movement in prices soon. I hope I'm wrong but the trend is your friend.

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$1 sale price in Newburyport

I was browsing the sale price in Newburyport and I see a lot of $1 as sale price. What makes a house sell for this value? Parent/family member selling to their kids or other family members?What could be other reasons?

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