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.

9 responses to “Cheapest Homes: March 2013 Edition”

  1. David Losh

    This is really startling. It is 2006 all over again.

    The Dow just hit a record high, and cracker boxes are selling for around $200K.

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  2. softwarengineer

    RE: David Losh @ 1

    Yes David

    But IMO the DOW is going up with sequestration destroying middle income jobs, because there’s been no necessary “across the board” cuts announced on foreign/corporate stock companies [includes defense]….that’s gotta end soon, unless they increase the debt limit. The HORRIFYING 20% middle income job furloughs announced only add up to a fraction of the cuts needed….slowing the defense contracts [eliminating the need for today's payroll at Boeing i.e.] is the missing ingredient if Military and Retirees aren’t included in this charade “across the board” cuts….

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  3. Blurtman

    RE: David Losh @ 1 – I love the smell of bubble in the morning. The smell, you know that bubble smell. Smelled like … recovery.”

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  4. softwarengineer

    RE: Blurtman @ 4

    They All Do

    Remember 2006/2007?

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  5. Blurtman

    RE: softwarengineer @ 5 – So if you look at home prices, for example, the bubble has been described as a significant departure from straight line. Sharp rise and sharp fall. Consider it to be a wave. Imagine thousands or millions of such waves strung together. From a distance, it would appear to be a straight line. So one view is that the future will consist of even more periodic bubbles.

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  6. Benjamin Lukoff

    Most of these homes seem to be in South Park and Delridge. Any sense of where they would be if you excluded those two neighborhoods from consideration?

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  7. mike

    RE: Benjamin Lukoff @ 7

    Rainier Valley towards Skyway and Beacon Hill. 98133 used to have a bunch of serious cheap dumps as well.

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  8. Cheapest Homes: April 2013 Edition • Seattle Bubble

    [...] two this month was number one last month. The other two homes from last month are both currently pending. This month’s number one [...]

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