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|
|9211 39th Ave S||$125,000||2||1||990||4,000 sqft||Beacon Hill||$126||–|
|3713 S Burns St||$139,900||2||1||770||7,425 sqft||Beacon Hill||$182||bank owned|
|4504 S Holly St||$144,900||5||2||1,540||5,842 sqft||Rainier Valley||$94||bank owned|
Two of the homes from last month are now pending, while the third carried over to this month, taking the cheapest spot.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 32
Average number of beds: 2.5
Average number of baths: 1.3
Average square footage: 1,159
Average days on market: 101
Inventory dipped from last month, but both beds and baths increased, as did days on market.
Here are a couple of charts to give you a visual of the trend of these numbers since I adjusted the methodology in April 2010:
Here are cheapest homes in Seattle that actually sold in the last month, regardless of condition (since most off-market homes don’t have much info available on their condition).
|Address||Price||Beds||Baths||SqFt||Lot Size||Neighborhood||$ / SqFt||Sold On|
|1721 NE 135th St||$115,000||3||1||1,040||8,932 sqft||Lake City||$111||10/11/2012|
|4611 13th Ave S||$120,000||2||1||560||4,000 sqft||Beacon Hill||$214||10/12/2012|
|10246 Renton Ave S||$120,000||3||1||1,040||6,213 sqft||Rainier Valley||$115||10/16/2012|