Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

6 responses to “Cheapest Homes: January 2013 Edition”

  1. Mike

    That is interesting that the “cheapest” listing in South Park is in fact a flip priced nearly 3 times what it sold for in June 2012. How the market has changed!

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  2. ChrisM

    Tim – did you read the redfin comment for 4213? “Lower level is mostly torn out and will need complete redo” doesn’t that exclude it from your filtering?

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  3. softwarengineer

    Since Home Prices Average About $190K in America

    It would be interesting to see an average home buyers’ household income in America for Dec 2012, vs comparing the average here in the Seattle area for Dec 2012.

    My guess is they are about the same, or if Seattle’s is much higher….it explains the inventory plummet to the match the comparable miniscule Seattle available buyer pool [there aren't that many higher incomes available to buy real estate anywhere in America now]….if they are about the same, Lord help the Seattle families buying homes afford food, utilities, transporation and uninsured dental too.

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  4. ChrisM

    RE: The Tim @ 3 – Interesting that the listing says “Fully Finished Basement” – I wonder it is counted in the square footage?

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    RE: ChrisM @ 5

    1,540 sf with 1,180 of that on the main floor plus 360 of the 1,180 on the basement level. So partially. 2,360 sf “as built” with 1,540 of it considered to be finished per County Records.

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