Today we’re going to kick off a new feature here that will (hopefully) provide another, more “down to earth” way to track the Seattle-area housing market. Charts and graphs are great, but I think we can also get a picture of what’s going on in the market by looking at what your money can actually buy.
So here’s the methodology: I’ll search the listings for the cheapest homes currently on the market in the city of Seattle proper. Disregarding any properties that are in obvious states of extreme disrepair (based on listing photos and descriptions), we’ll post the top (bottom) three, along with some overall stats on the low end of the market.
Over time, we should be able to see whether the overall quality of the cheapest homes is getting better (or worse), or whether the cheapest homes are getting cheaper (or more expensive).
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, does not indicate that it is a good value.
So, let’s get on with it. Here are this month’s three cheapest single-family homes:
|Address||Price||Beds||Baths||SqFt||Lot Size||Neighborhood||$ / SqFt||Notes|
|10225 Evanston Ave N||$133,000||2||1.25||820||2,279 sqft||Greenwood||$162||Bank-Owned|
|9029 8th Ave SW||$147,155||2||1||700||3,480 sqft||Highland Park||$210||Bank-Owned|
|7464 S 118th Pl||$155,000||2||1||810||6,960 sqft||Bryn Mawr-Skyway||$191||–|
Stats for Seattle Single-Family Homes Under $200,000
Total on market: 41
Average number of beds: 2.0
Average number of baths: 1.1
Average square footage: 1,178
Average days on market: 63