In Seattle, where the median price of a single-family home rose 16 percent last year to $666,500 today, affordable housing is at a premium.
As seattlepi tells MHProNews, a search of Redfin on July 12 turned up 73 homes in Seattle for under $400,000. What they discovered ranged from a two-car garage in poor condition on 10,500 sq ft of land, with water and electric meter, for $159,000 (paying for the land, basically); to a 980 sq ft Cape Cod built in 1950, three bedroom, one bath, master bedroom opens onto private deck, wood floors, attached one car garage, for $295,000.
A tiny home of 364 sq ft at the back of a private lot is listed for $300,000, $833 per sq ft. It’s cute and in good shape, but a condo double the size would be $85,000 less.
A 1,230 sq ft home in the North Rainier Beach area with two bedrooms, a bath and private backyard is priced at $379,000. Built in 1923, it has been restored and the kitchen updated.
The condo market has not been spared the uptick: Last year a median-priced condo in King County went for $287,00, but has now increased 22 percent to $350,000. ##
(Photo credit: Redfin-1,230 sq ft home priced at $379,000)
