{"id":17306,"date":"2011-10-05T11:11:45","date_gmt":"2011-10-05T18:11:45","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=17306"},"modified":"2011-10-05T11:11:45","modified_gmt":"2011-10-05T18:11:45","slug":"cheapest-homes-october-2011-edition","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/10\/05\/cheapest-homes-october-2011-edition\/","title":{"rendered":"Cheapest Homes: October 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\/522-S-Concord-St-98108\/home\/22808556\">522 S Concord St<\/a><\/td>\n<td>$94,500<\/td>\n<td>1<\/td>\n<td>1<\/td>\n<td>420<\/td>\n<td>6,000 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2558\/WA\/Seattle\/South-Park\">South Park<\/a><\/td>\n<td>$225<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/4812-S-Othello-St-98118\/home\/173431\">4812 S Othello St<\/a><\/td>\n<td>$109,900<\/td>\n<td>4<\/td>\n<td>3<\/td>\n<td>2,080<\/td>\n<td>4,000 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/274\/WA\/Seattle\/Brighton\">Brighton<\/a><\/td>\n<td>$53<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/10628-57th-Ave-S-98178\/home\/178819\">10628 57th Ave S<\/a><\/td>\n<td>$117,500<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>1,350<\/td>\n<td>7,200 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2247\/WA\/Seattle\/Rainier-View\">Rainier View<\/a><\/td>\n<td>$87<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<\/table>\n<p>522 S Concord still in the top three with another price drop.  Of course, at $225 per square foot, it isn&#8217;t exactly a screaming bargain&#8230;<\/p>\n<p><b>Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)<\/b><br \/>\nTotal on market: 92<br \/>\nAverage number of beds: 2.7<br \/>\nAverage number of baths: 1.4<br \/>\nAverage square footage: 1,303<br \/>\nAverage days on market: 76<\/p>\n<p>A bump up in inventory, but a bit of a dip in the rest of the stats.<\/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 in April 2010:<\/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\/10\/Cheapest-Homes-A_2011-10.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[17306]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/10\/Cheapest-Homes-A_2011-10-600x436.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\/10\/Cheapest-Homes-B_2011-10.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[17306]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2011\/10\/Cheapest-Homes-B_2011-10-600x436.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 in <a href=\"http:\/\/www.redfin.com\/definition\/arms-length-transaction\" title=\"Redfin definition of arms-length transaction\">arms-length transactions<\/a>, 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\/9438-5th-Ave-SW-98106\/home\/474477\">9438 5th Ave SW<\/a><\/td>\n<td>$60,000<\/td>\n<td>2<\/td>\n<td>1.0<\/td>\n<td>750<\/td>\n<td>9,000 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/682\/WA\/Seattle\/Delridge\">Delridge<\/a><\/td>\n<td>$80<\/td>\n<td>09\/14\/2011<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/8854-10th-Ave-SW-98106\/home\/476423\">8854 10th Ave SW<\/a><\/td>\n<td>$82,813<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>1,200<\/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>$69<\/td>\n<td>09\/28\/2011<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/4243-S-Findlay-St-98118\/home\/173537\">4243 S Findlay St<\/a><\/td>\n<td>$95,000<\/td>\n<td>2<\/td>\n<td>1.0<\/td>\n<td>960<\/td>\n<td>4,120 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/569\/WA\/Seattle\/Columbia-City\">Columbia City<\/a><\/td>\n<td>$99<\/td>\n<td>09\/06\/2011<\/td>\n<\/tr>\n<\/table>\n<p>The #1 home in the above list was our #1 cheapest for sale <a href=\"http:\/\/seattlebubble.com\/blog\/2011\/08\/03\/cheapest-homes-august-2011-edition\/\" title=\"Cheapest Homes: August 2011 Edition\">in the August edition<\/a>, and it sold for nearly 20% cheaper than list price.  Whoa.<\/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-17306","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: October 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\/10\/05\/cheapest-homes-october-2011-edition\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cheapest Homes: October 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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