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          Home Foreclosures

          Why You Won’t Find Your Home in Sequim Foreclosures

          Chuck Marunde by Chuck Marunde
          September 4, 2011
          Reading Time: 6 mins read
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          Sequim ForeclosuresSequim foreclosures make up a very small part of the market.  We all hear about the massive number of foreclosures in Las Vegas and Phoenix and several other cities around the county, and people talk about stealing houses for incredibly low prices, but that market does not exist in Sequim.  That’s actually good for local homeowners who hope to sell their homes.  The last thing they need is a glut of foreclosures on the market that would make selling their homes so much harder than it already is.  But it’s also good for retirees who are planning to buy a home in Sequim now.  The last thing a buyer wants is an unstable market with lots of foreclosures.  Buyers want to know they are buying in a stable market so their own investment will be sound in the years ahead.  There just are not very many Sequim foreclosures.

          To make the point objectively, here is the entire list of all foreclosures listed for sale right now in Sequim and Port Angeles combined.  Actually, these are all the foreclosures in all of Clallam County.  In our MLS these are called “bank owned” because they have been foreclosed and are now owned by the banks.  As you can see there are only 33 foreclosures for sale in Clallam County, and there are only 6 Sequim bank owned foreclosures in all of Sequim as of today (6/24/2011).  There are only 27 foreclosures in all of Port Angeles.  The first column shows the MLS numbers, and the last column shows the total Days on Market (DOM).

          Sequim Foreclosures

          261153 310 N Ennis Port Angeles $57,900 24
          260968 1515 W 7th. St. Port Angeles $62,300 45
          260981 163 N Hemlock Port Angeles $64,900 43
          260716 814 W 13th Port Angeles $74,000 75
          260818 906 W 16th Port Angeles $84,900 62
          260441 434 E 9th. St. Port Angeles $84,900 107
          260145 1801 W 16th Port Angeles $99,000 156
          260594 1617 W 11TH ST Port Angeles $99,900 92
          261277 1319 Campbell Ave, Port Angeles $109,000 9
          260323 113 E Lopez Avenue Port Angeles $109,900 129
          261059 820 W 11th Street Port Angeles $112,900 36
          261211 115 E Old Mill Mtn. Rd. Port Angeles $114,900 22
          261138 62 Woodridge Dr. Sequim $119,900 24
          260827 336 Whidby Ave Port Angeles $119,900 60
          261233 300 N Sequim Avenue Sequim $129,900 14
          260384 235908 W Hwy 101 Port Angeles $135,000 115
          260626 1032 Piedmont Rd Port Angeles $139,900 87
          260856 1145 Craig Ave Port Angeles $144,990 57
          261310 411 Heuhslein Road Port Angeles $151,000 3
          260939 31 Burnt Mountain Pl. Sequim $151,900 48
          260620 242 Peters Rd Port Angeles $151,900 87
          261126 149 Deer Mountain Drive Port Angeles $154,950 29
          261142 11 Alpine Loop Sequim $155,200 24
          260673 122 Agnew Parkway Port Angeles $159,900 81
          260864 446 Spath Road Sequim $175,000 56
          261312 21 N Maple Lane Port Angeles $189,000 2
          260625 291 Crosby Lane Port Angeles $189,950 86
          260743 131 Rainier Ln Port Ludlow $189,990 72
          260882 444 La Paloma Port Angeles $199,000 53
          261220 1942 W 8th. St. Port Angeles $213,900 16
          260042 63 Twin Peaks Ln. Sequim $254,900 169
          260984 141 E Old Mill Rd. Port Angeles $265,000 44
          260708 4007 S Tiller Road Port Angeles $275,000 79

          Sequim Foreclosures Few and Far Between

          Clients ask me regularly, “Can I find a nice 3 bedroom, 2 bath ranch style home on one level on a great lot in a nice area at a fraction of the cost of other homes?”  The answer with respect to Sequim foreclosures is, “No.”  Why do I say no?  First, there are not very many Sequim foreclosures.  There are only 6  Sequim foreclosures listed for sale in the MLS today.  We have 835 homes listed in the MLS for sale today.  The Sequim foreclosures represent about 1/2 of 1% of the inventory.  Compare this to Las Vegas.  Foreclosure filings were reported on 14,940 properties in Las Vegas in August, one in every 53 housing units, which is more than 6.7 times the national average.  With only 6 foreclosures in Sequim, it is highly unlikely you will find your dream home in that short list.

          Second, most of these foreclosures are not what retirees are looking for.  Most of them are not the ideal floor plan, or they are not in an attractive area, or they are in such disrepair, retirees don’t want them.  Even millionaire investors are not buying these homes.  That ought to tell you something.

          Sequim Foreclosures and the MLS

          If you would like to look at any of these foreclosures, simply use the MLS number or the address to look them up on this Sequim MLS site.  You’ll see full photographs and details about the property.  And if you want to view any of these Sequim foreclosures, just email me or give me a call at 360-775-5424.

          Last Updated on September 4, 2011 by Chuck Marunde

          Tags: Sequim Foreclosures
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          Chuck Marunde

          Chuck Marunde

          Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

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          Comments 2

          1. la mesa foreclosure says:
            12 years ago

            Thanks Chuck Marunde for writing all about Sequim real estate. This is really helpful.

            Reply
          2. Samantha Stevens says:
            11 years ago

            I’ve dug deep into the foreclosures listed for sale in both Sequim and Port Angeles, but your articles about foreclosures and why it is hard to find one you would really want to live in are all quite true. You’re right that for someone who is retired and wants a nice retirement home, it is quite unlikely that there is a foreclosure that would be suitable. There are so many more homes in the MLS that are not foreclosures.

            Reply

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