Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Logan Eckstein
  • Rental Property Investor
  • Raleigh, NC
3
Votes |
10
Posts

Why did the price on these homes drop so substantially?

Logan Eckstein
  • Rental Property Investor
  • Raleigh, NC
Posted

I was looking at some small multi-families on Zillow, just to analyze prices, when I came across a couple of homes in my area (Durham, NC) that had sold for around 500k in 2018. Now, in 2019, the homes are listed for around 250k, a 50% decrease from just one year ago. This doesn't seem to be a market trend, just a thing on these two duplexes. What could cause a price drop like this?

Most Popular Reply

User Stats

38
Posts
30
Votes
Adam Ward
  • Investor
  • Raleigh, NC
30
Votes |
38
Posts
Adam Ward
  • Investor
  • Raleigh, NC
Replied

I’m willing to bet multiple properties were purchased together in 2018 (one settlement statement, one deed) and now they are being pieced off and sold individually.  The Durham county property records have a link that directs you to the deed which would have more info on the original transaction.  Or yea talk to the owner or listing agent to get the full scoop.

Loading replies...