{"id":29208,"date":"2014-08-05T09:00:14","date_gmt":"2014-08-05T16:00:14","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=29208"},"modified":"2014-08-05T10:10:23","modified_gmt":"2014-08-05T17:10:23","slug":"cheapest-homes-august-2014-edition","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/08\/05\/cheapest-homes-august-2014-edition\/","title":{"rendered":"Cheapest Homes: August 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\/10624-55th-Ave-S-98178\/home\/178296\">10624 55th Ave S<\/a><\/td>\n<td>$159,000<\/td>\n<td>3<\/td>\n<td>2<\/td>\n<td>1,058<\/td>\n<td>6,499 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$150<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/4221-S-Kenyon-St-98118\/home\/480660\">4221 S Kenyon St<\/a><\/td>\n<td>$165,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>810<\/td>\n<td>4,755 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$204<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/9633-59th-Ave-S-98118\/home\/175768\">9633 59th Ave S<\/a><\/td>\n<td>$178,900<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>690<\/td>\n<td>4,176 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/2246\/WA\/Seattle\/Rainier-Valley\">Rainier Valley<\/a><\/td>\n<td>$259<\/td>\n<td>bank owned<\/td>\n<\/tr>\n<\/table>\n<p>We skipped last month, but the number one home from <a href=\"http:\/\/seattlebubble.com\/blog\/2014\/06\/10\/cheapest-homes-june-2014-edition\/\" title=\"Cheapest Homes: June 2014 Edition\">June&#8217;s post<\/a> has since sold, the number two home is pending, and number three is still for sale, but was bumped off the &#8220;cheapest&#8221; list. To find three homes that fit our criteria I had to go all the way up to the $200,000 line. It may be time to retire this series, or adjust our threshold.<\/p>\n<p><b>Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)<\/b><br \/>\nTotal on market: 12<br \/>\nAverage number of beds: 2.2<br \/>\nAverage number of baths: 1.2<br \/>\nAverage square footage: 1,131<br \/>\nAverage days on market: 47<\/p>\n<p>Inventory of non-short sale homes under $200,000 in Seattle inched up slightly in August from the single-digits it had been sitting at for the previous three months. Beds and baths are mostly unchanged, square footage bumped up from July, and days on market fell to its lowest point since last August.<\/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\/08\/Cheapest-Homes-A_2014-08.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[29208]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/08\/Cheapest-Homes-A_2014-08-600x436.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\/08\/Cheapest-Homes-B_2014-08.png\" title=\"Seattle's Cheapest Homes: Stat Trends\" rel=\"lightbox[29208]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/08\/Cheapest-Homes-B_2014-08-600x436.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\/7764-10th-Ave-SW-98106\/home\/476371\">7764 10th Ave SW<\/a><\/td>\n<td>$148,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>630<\/td>\n<td>4,200 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/682\/WA\/Seattle\/Delridge\">Delridge<\/a><\/td>\n<td>$235<\/td>\n<td>07\/11\/2014<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/3510-S-Holly-St-98118\/home\/478589\">9012 2nd Ave S<\/a><\/td>\n<td>$165,000<\/td>\n<td>1<\/td>\n<td>1.5<\/td>\n<td>850<\/td>\n<td>8,050 sqft<\/td>\n<td><a href=\"http:\/\/www.redfin.com\/neighborhood\/27925\/WA\/Seattle\/Beacon-Hill-Seattle-WA\">Beacon Hill<\/a><\/td>\n<td>$194<\/td>\n<td>07\/18\/2014<\/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>$165,500<\/td>\n<td>0<\/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>$447<\/td>\n<td>07\/31\/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":29211,"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: August 2014 Edition http:\/\/wp.me\/pe2Bv-7B6","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-29208","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: August 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\/08\/05\/cheapest-homes-august-2014-edition\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cheapest Homes: August 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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