While the stranger is pushing the somehow Tokyoesque idea that the City needs to build micro housing for its poorest workers, the real estate market may have a better idea: (from Seattle Bubble)
Cheapest Homes: January 2013 Edition
By The Tim on January 4, 2013 | 5 Comments
Let’s check in again on the cheapest homes around Seattle proper. Here’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 includes any listing that uses the phrases “fixer,” “rehab loan,” or “value in land.” I post the top (bottom) three, along with some overall stats on the low end of the market.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 28
Average number of beds: 2.4
Average number of baths: 1.4
Average square footage: 1,238
Average days on market: 98
Inventory fell, but beds, baths, and square footage all rose. Days on market shot up over 20 days.