Coeur d’Alene and Spokane, WA, Foreclosure Statistics

Coeur d’Alene and Spokane are two real estate hotspots attracting investors far and wide. However, despite their allure and real estate opportunities, these areas have seen their fair share of foreclosure rates. Between 2023 and 2025, several reported foreclosures in these areas have been reported.

What does this mean for you? On the one hand, you may view foreclosures in these areas as a cause of concern, especially with home prices soaring in Washington and Idaho. That said, there’s also much opportunity when you think about it. After all, the more foreclosed homes there are, the more you’ll be able to acquire below market value.

Of course, your decision to buy or sell in these areas must be guided by data. So, what does the foreclosure climate in Coeur d’Alene and Spokane look like?

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Here are some Coeur d’Alene and Spokane foreclosure trends and stats to give you an idea:

1. Coeur d’Alene is one of the most desired locations in Idaho.
2. Foreclosed properties in Coeur d’Alene average around $412,424.
3. Around 90% of listed foreclosures are two to four-bedroom homes.
4. One in 2,394 Coeur d’Alene properties are up for foreclosure.
5. Coeur d’Alene is in one of Idaho’s top three high-foreclosure counties.
6. Foreclosures in Spokane increased by 43% in Q1.
7. Spokane made $347,701 from foreclosed property sales in 2024.
8. Nearly 100 parcels were redeemed in 2024.
9. An abandoned foreclosed property in Spokane can incur $1,472 in municipal costs.

Coeur d’Alene Has the Highest Demand for Foreclosed Properties of Any Idaho Area

There’s always a demand for foreclosed properties in many parts of Kootenai County. However, the demand is highest in Coeur d’Alene, and recent data supports this.

A recent report shows Coeur d’Alene ranks as the number one most desired location for prospective property owners. The demand has caused surges in property searches, particularly foreclosed properties.

If you’re eyeing Coeur d’Alene for your next property purchase, you’re likely making a wise investment.

Foreclosed Properties in Coeur d’Alene Have an Average Selling Price of Approximately $412,424

Did you know that the average property value in Coeur d’Alene is about $558,912? That price is steep for any homebuyer. However, what if it were possible to acquire a property in the city for less? There’s a way — and it’s by buying a foreclosed property.

“Why a foreclosed property?” you ask. On average, foreclosed properties are priced below market value. You can expect the values to be lower if the previous owner had built substantial equity before foreclosure.

In Coeur d’Alene, the average price of a foreclosed property is about $412,424. So, you’ll be saving more than $100,000 by choosing a foreclosed property over one that’s just been listed.

Go Big: Around 90% of Listed Foreclosure Properties Are Two to Four-Bedroom Homes.

So, what can $412,424 or more get you in Coeur d’Alene? You’ll be amazed at how far this amount can go, especially when it comes to foreclosed homes.

More than 90% of foreclosed properties in Coeur d’Alene have two to four bedrooms. This means you can go big on your property purchase despite spending roughly $100,000 less than the county average.

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One in 2,394 Properties in Coeur d’Alene Are Listed for Foreclosure

Foreclosures do happen in Coeur d’Alene, but not as often as they used to. Recent data suggests that one in 2,394 properties have foreclosure filings. This is a sign that things are looking up in the city as more homeowners are keeping up with mortgage payments.

Coeur d’Alene Is in a High-Foreclosure Part of Idaho

Make no mistake.

Idaho is home to 44 counties. Three of them have the highest foreclosure rates in the state.

One of these counties is Kootenai County, where Coeur d’Alene is, and it sees the third-highest number of foreclosures in the state.

The Number of Foreclosures in Spokane Increased by 43% in Q1 2025

Foreclosures are decreasing gradually in Coeur d’Alene. However, the same can’t be said of nearby Spokane, WA. Based on recent statistics from Attom Data, there’s been a 43% increase in the number of foreclosures in the county.

We can attribute the surge to several factors, but the most salient are rising prices and stagnant home inventory.

There’sUndoubtedly, the increase in foreclosures is bad news for homeowners. However, the trend benefits some, as the next statistic will show.

Spokane Washington

Spokane Made a $347,701 Profit Off Foreclosed Properties in Q4 2024

As of Q4 2024, less than a dozen properties were listed for auction. However, don’t be fooled. Despite the modest number of listed properties, the sales were enough to total $347,701. This is Spokane’s total profit from selling foreclosed properties.

So, why were there only a few properties held for auction? Part of the reason may be that most parcels are redeemed before foreclosure proceedings can culminate.

And that brings us to the next statistic.

Nearly 100 Parcels End Up Redeemed Before Pre-Foreclosure in Spokane

Spokane may have rising foreclosure rates. However, that doesn’t mean that nobody redeems their properties. The vast majority do, as shown in data cited by the local government.

According to Spokane’s local government, 98 out of 108 properties were redeemed in Q4 2024. Of the remaining properties listed for foreclosure, nine saw completed sales, while one was placed on a lien.

An Abandoned Foreclosed Property in Spokane Can Cost the Municipal Government as Much as $1,472

What do you think happens to a foreclosed property that Spokane’s local government or banks couldn’t sell? Believe it or not, the property becomes a burden to the municipal government, as seen in this next statistic.

In Spokane, an abandoned foreclosed property can incur costs totaling $1,472. The costs include local policing expenses, maintenance, and regular on-site assessments.

The county always tries to find ways to sell these properties to willing buyers. If you’re interested, there’s a chance you’ll get great value. After all, you’ll acquire a new property while doing the local government (and nearby homeowners) a favor.

Coeur d’Alene Idaho

Key Takeaway: Coeur d’Alene and Spokane Foreclosure Trends Equal Opportunity

Given the foreclosure climates in Coeur d’Alene and nearby Spokane, WA, you may just find your next investment in these areas — and at a fraction of the market value.

So, go ahead. See what these areas have in store for your property search. You may just become the new owner of a new property.