Sudden Valley is a beautiful planned community along the shores of Lake Whatcom. It lies about 8 miles east of Bellingham. It sits on 1,600 acres and has 3,200 platted lots, at present housing about 7,000 residents. There are many amenities in the Valley including golf, boating, trails & parks, lakes, & beaches, and a community “barn” hosting events, South Whatcom County Library, Whatcom Family YMCA with pool, restaurants and homes in a variety of price ranges.
The Community of Sudden Valley began its life as “the Ranch”. Glen and Betty Corning bought the land in 1949 and amed it the Ranch and lived there with their children until they sold 1,200 acres of property in 1968. The new owner was Ken Sanwick of Sudden Valley Inc. His vision for the land was “Sudden Valley undevelopment” and he wanted it to remain natural while still incorporating homes into the wilderness. By 1969 the County Commissioners approved the first plat of 158 lots west of Lake Whatcom Boulevard. Sudden Valley was incorporated in 1973 and the rest is history.
I have three charts for this report showing Home Sales vs Average Sales price, Home Sales vs Average value based on $/sq ft, and Home Sales vs Average size home.
Sudden Valley Home Sales
Average home prices have risen 6% in 2014 versus 2013, but are still well below the peak of the market prices which was in 2007.
Home sales activity this year appears to be consistent with last year and up over the past 5 years before that. So far in 2014, there have been 152 closed home sales in Sudden Valley. There are only 42 homes currently listed for sale in the valley as of this writing.
The number of sales averages around 160 and sales price averages around $250,000, but this year so far the average sales price is $236,832
Sudden Valley Home Values
Average home values in Sudden Valley have risen again this year, the second year in a row to see appreciation, looks like the low value was in 2012.
Through November, the average value of a home sold in Sudden Valley has been $121 per square foot.
Sudden Valley Home Sizes
The average home size sold in Sudden Valley is averaging 2,018 square feet this year.
To see the homes for sale in Sudden Valley – Click Here