{"id":28782,"date":"2014-05-13T08:00:41","date_gmt":"2014-05-13T15:00:41","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=28782"},"modified":"2014-05-13T08:29:28","modified_gmt":"2014-05-13T15:29:28","slug":"cheapest-homes-may-2014-edition","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/05\/13\/cheapest-homes-may-2014-edition\/","title":{"rendered":"Cheapest Homes: May 2014 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 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\/1226-S-Cloverdale-St-98108\/home\/477066\">1226 S Cloverdale St<\/a><\/td>\n<td>$165,000<\/td>\n<td>2<\/td>\n<td>1.75<\/td>\n<td>1,440<\/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>$115<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/751-S-Cloverdale-St-98108\/home\/477499\">751 S Cloverdale St<\/a><\/td>\n<td>$175,000<\/td>\n<td>2<\/td>\n<td>1.75<\/td>\n<td>700<\/td>\n<td>2,700 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2558\/WA\/Seattle\/South-Park\">South Park<\/a><\/td>\n<td>$216<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/3010-SW-City-View-St-98126\/home\/150854\">3010 SW City View St<\/a><\/td>\n<td>$185,900<\/td>\n<td>1<\/td>\n<td>0.75<\/td>\n<td>370<\/td>\n<td>2,992 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/3040\/WA\/Seattle\/West-Seattle\">West Seattle<\/a><\/td>\n<td>$502<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<\/table>\n<p>The #1 and #2 homes from <a href=\"http:\/\/seattlebubble.com\/blog\/2014\/04\/08\/cheapest-homes-april-2014-edition\/\" title=\"Cheapest Homes: April 2014 Edition\">last month<\/a> are both pending, while the #3 home from last month moved up to #2 this month. The cheapest home this month is actually a re-run from <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/06\/02\/cheapest-homes-june-edition\/\" title=\"Cheapest Homes: June Edition\">way back in 2010<\/a>.<\/p>\n<p><b>Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)<\/b><br \/>\nTotal on market: 8<br \/>\nAverage number of beds: 2.0<br \/>\nAverage number of baths: 1.3<br \/>\nAverage square footage: 1,078<br \/>\nAverage days on market: 95<\/p>\n<p>Inventory of non-short sale homes under $200,000 in Seattle hit a new low point in May, dropping into the single digits for the first time since I&#8217;ve been recording this data.  The other stats held more or less steady in the month.<\/p>\n<p>Here are our usual charts to give you a visual of the trend of these numbers since I adjusted the methodology in April 2010:<\/p>\n<div style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/05\/Cheapest-Homes-A_2014-05.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[28782]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/05\/Cheapest-Homes-A_2014-05-600x436.png\" style=\"border: 0;\" title=\"Seattle's Cheapest Homes: Stat Trends - Click to enlarge\" alt=\"Seattle's Cheapest Homes: Stat Trends\" width=\"600\" height=\"436\" \/><\/a><\/div>\n<div style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/05\/Cheapest-Homes-B_2014-05.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[28782]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/05\/Cheapest-Homes-B_2014-05-600x436.png\" style=\"border: 0;\" title=\"Seattle's Cheapest Homes: Stat Trends - Click to enlarge\" alt=\"Seattle's Cheapest Homes: Stat Trends\" width=\"600\" height=\"436\" \/><\/a><\/div>\n<p>Here are cheapest homes in Seattle that <em>actually sold<\/em> in the last month, regardless of condition (since most off-market homes don&#8217;t have much info available on their condition).<\/p>\n<table class=\"CNNTable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th>Address<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<th>Neighborhood<\/th>\n<th>$ \/ SqFt<\/th>\n<th>Sold On<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/5733-S-Gazelle-St-98118\/home\/176705\">5733 S Gazelle St<\/a><\/td>\n<td>$116,500<\/td>\n<td>1<\/td>\n<td>1<\/td>\n<td>470<\/td>\n<td>5,000 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$248<\/td>\n<td>04\/11\/2014<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/5409-Denver-Ave-S-98108\/home\/476843\">5409 Denver Ave S<\/a><\/td>\n<td>$125,000<\/td>\n<td>1<\/td>\n<td>1<\/td>\n<td>740<\/td>\n<td>1,100 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/1078\/WA\/Seattle\/Georgetown\">Georgetown<\/a><\/td>\n<td>$169<\/td>\n<td>04\/22\/2014<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/4813-S-Holden-St-98118\/home\/174828\">4813 S Holden St<\/a><\/td>\n<td>$126,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>1,560<\/td>\n<td>7,144 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$81<\/td>\n<td>04\/28\/2014<\/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":28785,"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":"On the blog: Cheapest Homes: May 2014 Edition http:\/\/wp.me\/pe2Bv-7ue","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"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-28782","post","type-post","status-publish","format-standard","has-post-thumbnail","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 2014 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\/2014\/05\/13\/cheapest-homes-may-2014-edition\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cheapest Homes: May 2014 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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