{"id":14664,"date":"2011-03-02T11:16:10","date_gmt":"2011-03-02T19:16:10","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=14664"},"modified":"2011-03-02T11:16:10","modified_gmt":"2011-03-02T19:16:10","slug":"cheapest-homes-march-2011-edition","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/03\/02\/cheapest-homes-march-2011-edition\/","title":{"rendered":"Cheapest Homes: March 2011 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\/8137-10th-Ave-SW-98106\/home\/475382\">8137 10th Ave SW<\/a><\/td>\n<td>$115,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>550<\/td>\n<td>5,000 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/682\/WA\/Seattle\/Delridge\">Delridge<\/a><\/td>\n<td>$209<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/9026-10th-Ave-SW-98106\/home\/475650\">9026 10th Ave SW<\/a><\/td>\n<td>$119,900<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>770<\/td>\n<td>4,760 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/682\/WA\/Seattle\/Delridge\">Delridge<\/a><\/td>\n<td>$156<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/10715-59th-Ave-S-98178\/home\/178838\">10715 59TH Ave S<\/a><\/td>\n<td>$119,900<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>1,360<\/td>\n<td>7,683 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$88<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<\/table>\n<p>All three are new since our last update.  Two of the top three from our last update were pulled from the market without selling, while the third went pending on February 8th.<\/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: 1,235<br \/>\nAverage days on market: 105<\/p>\n<p>Inventory, beds, and baths are all holding steady, but the average square footage and days on market continued to steadily 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\/03\/Cheapest-Homes-A_2011-03.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[14664]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/03\/Cheapest-Homes-A_2011-03-600x436.png\" style=\"border: 0;\" title=\"Seattle's Cheapest Homes: Stat Trends - Click to enlarge\" alt=\"Seattle's Cheapest Homes: Stat Trends\" width=\"600\" height=\"436\" \/><\/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\/03\/Cheapest-Homes-B_2011-03.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[14664]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/03\/Cheapest-Homes-B_2011-03-600x436.png\" style=\"border: 0;\" title=\"Seattle's Cheapest Homes: Stat Trends - Click to enlarge\" alt=\"Seattle's Cheapest Homes: Stat Trends\" width=\"600\" height=\"436\" \/><\/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\/9929-Beacon-Ave-S-98118\/home\/175460\">9929 Beacon Ave S<\/a><\/td>\n<td>$107,000<\/td>\n<td>3<\/td>\n<td>1.5<\/td>\n<td>1,770<\/td>\n<td>9,736 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$60<\/td>\n<td>02\/11\/2011<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/5110-S-Medley-Ct-98118\/home\/174319\">5110 S Medley Ct<\/a><\/td>\n<td>$110,000<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>2,700<\/td>\n<td>5,663 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$41<\/td>\n<td>02\/22\/2011<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/4101-Delridge-Way-SW-98106\/home\/159750\">4101 Delridge Wy SW<\/a><\/td>\n<td>$118,200<\/td>\n<td>2<\/td>\n<td>1.5<\/td>\n<td>1,200<\/td>\n<td>2,483 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/1869\/WA\/Seattle\/North-Delridge\">North Delridge<\/a><\/td>\n<td>$98<\/td>\n<td>02\/18\/2011<\/td>\n<\/tr>\n<\/table>\n<p>I predict that at least one of these will pop back on the market within six to nine months as a <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/12\/13\/rehab-flips-making-a-comeback-during-the-housing-bust\/\" title=\"Rehab Flips Making a Comeback During the Housing Bust?\">rehab flip<\/a>.  Number two seems like an especially good candidate.<\/p>\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-14664","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: March 2011 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\/03\/02\/cheapest-homes-march-2011-edition\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cheapest Homes: March 2011 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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