I am looking for a light weight single speed bike. I'm a newbie so I really don't know much. I can't spend too much money on it. I just need something to get me started. I have been looking on craigslist and ebay for a 45-47cm bike, but haven't had much luck. I was looking at this one. the 47cm black one. Is that a descent price for it. Again, I don't know anything about name brands or which ones are good or bad.

http://bikesdirect.com/products/mercier/kilott.htm

Thanks!