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