{"id":13925,"date":"2011-01-04T09:32:38","date_gmt":"2011-01-04T17:32:38","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=13925"},"modified":"2011-01-04T09:32:38","modified_gmt":"2011-01-04T17:32:38","slug":"cheapest-homes-january-edition","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/01\/04\/cheapest-homes-january-edition\/","title":{"rendered":"Cheapest Homes: January Edition"},"content":{"rendered":"<p>Let&#8217;s check in again on the cheapest homes around Seattle proper.  Here&#8217;s our methodology: I search the listings for the cheapest homes currently on the market, <b>excluding short sales<\/b>, 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 &#8220;fixer,&#8221; &#8220;rehab loan,&#8221; or &#8220;value in land.&#8221;  I post the top (bottom) three, along with some overall stats on the low end of the market.<\/p>\n<p><b>Please note<\/b>: 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 &#8220;cheapest&#8221; list, that does not indicate that it is <a href=\"http:\/\/seattlebubble.com\/blog\/2009\/11\/27\/strategies-for-finding-the-best-value-in-todays-market\/\" title=\"Strategies for Finding the Best Value in Today\u2019s Market\">a good value<\/a>.<\/p>\n<p>Here are this month&#8217;s three cheapest single-family homes in the city limits of Seattle (according to <a href=\"http:\/\/www.redfin.com\/\" title=\"Search Seattle Homes\">Redfin<\/a>):<\/p>\n<style>.CNNTable {margin: 5px auto 15px;} .CNNTable td {padding: 0px 5px; text-align: center; font-size: .9em;} .top_row {font-weight: bold;}<\/style>\n<table class=\"CNNTable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th>Address<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<th>Neighborhood<\/th>\n<th>$ \/ SqFt<\/th>\n<th>Notes<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/8816-12th-Ave-S-98108\/home\/477571\">8816 12th Ave S<\/a><\/td>\n<td>$114,900<\/td>\n<td>2<\/td>\n<td>1.5<\/td>\n<td>940<\/td>\n<td>4,500 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2558\/WA\/Seattle\/South-Park\">South Park<\/a><\/td>\n<td>$122<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/6213-46th-Ave-S-98118\/home\/491884\">6213 46th Ave S<\/a><\/td>\n<td>$129,900<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>790<\/td>\n<td>3,000 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$164<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/8709-10th-Ave-S-98108\/home\/477529\">8709 10th Ave S<\/a><\/td>\n<td>$133,000<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>860<\/td>\n<td>2,250 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2558\/WA\/Seattle\/South-Park\">South Park<\/a><\/td>\n<td>$155<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<\/table>\n<p>Number one carries over from last month.  Of the other two homes on the list last month, one is pending and the other is disqualified due to the addition of &#8220;Rehab Loan&#8221; to the financial information section of the listing.<\/p>\n<p><b>Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)<\/b><br \/>\nTotal on market: 106<br \/>\nAverage number of beds: 2.6<br \/>\nAverage number of baths: 1.3<br \/>\nAverage square footage: 1,173<br \/>\nAverage days on market: 88<\/p>\n<p>Overall inventory declined slightly from <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/12\/09\/cheapest-homes-december-edition\/\" title=\"Cheapest Homes: December Edition\">last month<\/a>, but the average square footage and number of bedrooms continued to increase.<\/p>\n<p>Here are a couple of charts to give you a visual of the trend of these numbers since I adjusted the methodology last April:<\/p>\n<div style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/01\/Cheapest-Homes-A_2011-01.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[13925]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/01\/Cheapest-Homes-A_2011-01-600x435.png\" style=\"border: 0;\" title=\"Seattle's Cheapest Homes: Stat Trends - Click to enlarge\" alt=\"Seattle's Cheapest Homes: Stat Trends\" width=\"600\" height=\"435\" \/><\/a><\/div>\n<div style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/01\/Cheapest-Homes-B_2011-01.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[13925]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/01\/Cheapest-Homes-B_2011-01-600x435.png\" style=\"border: 0;\" title=\"Seattle's Cheapest Homes: Stat Trends - Click to enlarge\" alt=\"Seattle's Cheapest Homes: Stat Trends\" width=\"600\" height=\"435\" \/><\/a><\/div>\n<p>Here are cheapest homes in Seattle that <em>actually sold<\/em> in the last month, regardless of condition (since most off-market homes don&#8217;t have much info available on their condition).<\/p>\n<table class=\"CNNTable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th>Address<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<th>Neighborhood<\/th>\n<th>$ \/ SqFt<\/th>\n<th>Sold On<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/6727-23rd-Ave-SW-98106\/home\/159659\">6727 23rd Ave SW<\/a><\/td>\n<td>$55,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>550<\/td>\n<td>4,761 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/682\/WA\/Seattle\/Delridge\">Delridge<\/a><\/td>\n<td>$100<\/td>\n<td>12\/09\/2010<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/3318-31st-Ave-SW-98126\/home\/150739\">3318 31st Ave SW<\/a><\/td>\n<td>$90,000<\/td>\n<td>1<\/td>\n<td>0.75<\/td>\n<td>880<\/td>\n<td>1,642 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/1848\/WA\/Seattle\/Admiral\">Admiral<\/a><\/td>\n<td>$102<\/td>\n<td>12\/28\/2010<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/3416-35th-Ave-SW-98126\/home\/329046\">3416 35th Ave SW<\/a><\/td>\n<td>$112,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>570<\/td>\n<td>3,773 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/1848\/WA\/Seattle\/Admiral\">Admiral<\/a><\/td>\n<td>$196<\/td>\n<td>12\/09\/2010<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s check in again on the cheapest homes around Seattle proper. Here&#8217;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&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206],"tags":[501],"coauthors":[],"class_list":["post-13925","post","type-post","status-publish","format-standard","hentry","category-features","tag-cheapest-homes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cheapest Homes: January Edition \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2011\/01\/04\/cheapest-homes-january-edition\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cheapest Homes: January Edition \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s check in again on the cheapest homes around Seattle proper. 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