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|
|8218 8th Ave S||$161,200||2||1||1,250||6,250 sqft||South Park||$129||bank owned|
|3038 S Holden St||$169,000||2||1||660||5,000 sqft||Beacon Hill||$256||bank owned|
|751 S Cloverdale St||$175,000||2||1.75||700||2,700 sqft||South Park||$216||-|
The #1 home from last month has sold, while the #2 and #3 homes are reruns. 3038 S Holden St did move up one space thanks to a price drop.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 13
Average number of beds: 2.2
Average number of baths: 1.2
Average square footage: 1,074
Average days on market: 99
Inventory of cheap homes slipped back down in April after starting to climb in March. The average number of beds and baths both dropped, while the square footage and days on market increased in the month.
Here are our usual charts to give you a visual of the trend of these numbers since I adjusted the methodology in April 2010:
Here are cheapest homes in Seattle that actually sold in the last month, regardless of condition (since most off-market homes don’t have much info available on their condition).
|Address||Price||Beds||Baths||SqFt||Lot Size||Neighborhood||$ / SqFt||Sold On|
|9330 52nd Ave S||$120,000||1||2||846||2,650 sqft||Rainier Valley||$142||03/07/2014|
|7739 13th Ave SW||$130,500||2||1||880||4,000 sqft||Delridge||$148||03/20/2014|
|8411 48th Ave S||$145,000||3||1||1,170||5,450 sqft||Rainier Valley||$124||03/14/2014|