Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This includes any listing that uses the phrases “fixer,” “rehab loan,” or “value in land.” I post the top (bottom) three, along with some overall stats on the low end of the market.
Please note: These posts should not be construed to be an advertisement or endorsement of any specific home for sale. We are merely taking a brief snapshot of the market at a given time. Also, just because a home makes it onto the “cheapest” list, that does not indicate that it is a good value.
Here are this month’s three cheapest single-family homes in the city limits of Seattle (according to Redfin):
|Address||Price||Beds||Baths||SqFt||Lot Size||Neighborhood||$ / SqFt||Notes|
|4536 Delridge Wy SW||$98,500||2||1||640||3,635 sqft||Delridge||$154||-|
|5719 S Bangor St||$99,000||2||1||710||8,910 sqft||Rainier Valley||$139||-|
|8427 48th Ave S||$99,900||3||1||1,310||4,360 sqft||Rainier Valley||$76||bank owned|
One of last month’s homes is still on the market, but no longer one of the cheapest three. The other two have gone pending.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 77
Average number of beds: 2.5
Average number of baths: 1.4
Average square footage: 1,352
Average days on market: 78
Inventory declined again, as did the average number of beds. Baths held steady, while square footage inched up a bit more.
Here are our monthly “cheapest homes” charts:
Here are cheapest homes in Seattle that actually sold in the last month in arms-length transactions, regardless of condition (since most off-market homes don’t have much info available on their condition).
|Address||Price||Beds||Baths||SqFt||Lot Size||Neighborhood||$ / SqFt||Sold On|
|8844 18th Ave SW||$84,000||1||2||720||4,731 sqft||Delridge||$117||01/25/2012|
|4207 S Bozeman St||$90,000||1||1||760||4,500 sqft||Rainier Valley||$118||01/17/2012|
|6539 21st Ave SW||$91,000||2||1||950||10,890 sqft||Delridge||$96||01/10/2012|