{"id":20022,"date":"2012-05-03T12:00:31","date_gmt":"2012-05-03T19:00:31","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=20022"},"modified":"2012-05-03T12:32:06","modified_gmt":"2012-05-03T19:32:06","slug":"cheapest-homes-may-2012-edition","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/05\/03\/cheapest-homes-may-2012-edition\/","title":{"rendered":"Cheapest Homes: May 2012 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's 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 Real Estate\">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\/7528-16th-Ave-SW-98106\/home\/161743\">7528 16th Ave SW<\/a><\/td>\n<td>$99,900<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>1,320<\/td>\n<td>6,000 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/682\/WA\/Seattle\/Delridge\">Delridge<\/a><\/td>\n<td>$76<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/1010-S-Trenton-St-98108\/home\/477372\">1010 S Trenton St<\/a><\/td>\n<td>$106,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>820<\/td>\n<td>12,197 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2558\/WA\/Seattle\/South-Park\">South Park<\/a><\/td>\n<td>$129<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/4412-S-Kenyon-St-98118\/home\/174412\">4412 S Kenyon<\/a><\/td>\n<td>$119,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>1,640<\/td>\n<td>2,925 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$73<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<\/table>\n<p>Same exact three homes as <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/04\/02\/cheapest-homes-april-2012-edition\/\" title=\"Cheapest Homes: April 2012 Edition\">last month<\/a>, with a slight price drop on number three.<\/p>\n<p><b>Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)<\/b><br \/>\nTotal on market: 56<br \/>\nAverage number of beds: 2.8<br \/>\nAverage number of baths: 1.4<br \/>\nAverage square footage: 1,364<br \/>\nAverage days on market: 85<\/p>\n<p>Inventory continues to fall, but the average number of beds and the average square footage both hit new highs.<\/p>\n<p>Here are our monthly &#8220;cheapest homes&#8221; charts:<\/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\/2012\/05\/Cheapest-Homes-A_2012-05.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[20022]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/05\/Cheapest-Homes-A_2012-05-600x436.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\/2012\/05\/Cheapest-Homes-B_2012-05.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[20022]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/05\/Cheapest-Homes-B_2012-05-600x436.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\/9445-8th-Ave-SW-98106\/home\/474952\">9445 8th Ave SW<\/a><\/td>\n<td>$95,000<\/td>\n<td>3<\/td>\n<td>1.75<\/td>\n<td>1,190<\/td>\n<td>7,320 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/682\/WA\/Seattle\/Delridge\">Delridge<\/a><\/td>\n<td>$80<\/td>\n<td>04\/13\/2012<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/3508-S-Oregon-St-98118\/home\/172061\">3508 S Oregon St<\/a><\/td>\n<td>$100,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>1,480<\/td>\n<td>5,510 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$68<\/td>\n<td>04\/12\/2012<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/1201-S-Henderson-St-98108\/home\/477171\">1201 S Henderson<\/a><\/td>\n<td>$100,500<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>1,360<\/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>$74<\/td>\n<td>04\/23\/2012<\/td>\n<\/tr>\n<\/table>\n<p>That first one has surprisingly nice photos for a sub-$100k house.<\/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-20022","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: May 2012 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\/2012\/05\/03\/cheapest-homes-may-2012-edition\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cheapest Homes: May 2012 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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