Learn the Value of Your Sudden Valley Home

Do you own a home in Sudden Valley? Curious how this active real estate market has impacted your home’s value? Enter your address below for a FREE and INSTANT home value report.

Sudden Valley Home Value

If you don’t currently own a home in Sudden Valley but are interested in real estate opportunities in the area search for homes in Sudden Valley on our website today!

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Sudden Valley is a planned community located about 10 minutes outside the Bellingham city limits. Originally developed in the 1970’s, today Sudden Valley is beaming with life.

 

The Valley is home to many local businesses and community amenities. From a world-class 18-hole golf course, to restaurants and an Olympic sized swimming pool, you will find it all here in Sudden Valley. The recreational opportunities never seem to end with the area being home to an adult center, an activity barn and a lovely marina located on the shores of Lake Whatcom.

For more information on Sudden Valley or real estate opportunities in the area feel free to call us toll free at 1-88-713-3056 or email us at info@johnsonteamrealestate.com today!

The First Pending Ratios of the Month!

Bellingham Real EstateThe number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers!

Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

As of Saturday, May 6th, the pending ratio in Bellingham was 51%. Click the links to view a report of how many homes are for sale in each area and price range and how many of them are pending showing just how active certain sectors of the market are.

The Birch Bay Pending ratio was 37%

The Ferndale pending ratio was 42%

The Lynden pending ratio was 50%

The Sudden Valley pending ratio was 48%

If you are thinking of selling your home or property, Johnson Team Real Estate would love to help! We are here to help you will all your real estate needs! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com

Stunning Contemporary Home Across the Street from Lake Whatcom

 Just Listed 19 Clear Lake Ct!

3 bedroom, 2.5 bath home in the lovely Sudden Valley!

Front of HomeView a Virtual Tour of 19 Clear Lake Ct

This stunning contemporary home sits on a hill directly across the street from N. Point Beach on Lake Whatcom. Enjoy a spectacular 180 degree view of the lake and sloping mountain range from the spacious decks & walls of gigantic windows on the main floor and upper level windows of this unique home. Soak in the never-ending summer sunsets, entertain on the deck or within a few steps of your front door, go kayaking, sailing or swimming. It’s a perfect setting to accommodate any lifestyle.

Features

Bath Off Master, Ceiling Fan(s), Double Pane Storm Windows, Dining Room, Skylights, Solarium/Atrium, Vaulted Ceilings

Additional Information

  • Taxes: $3,107
  • View: Lake, Territorial
  • Lot Size: 0.19 Acre (8,276 SqFt)
  • Garage Size :2 Car
  • Exterior: Wood
  • Fireplaces: 1 Fireplace
  • Heating/Cooling: Forced Air
  • Roof: Flat Roof
  • Flooring: Hardwood Floor, See Remarks on Floors, Vinyl Floor, Wall to Wall Carpet
For more information on 19 Clear Lake Ct please visit our website or call us at (360) 303-2734 today!

Sudden Valley Estate Home For Sale!

Welcome to 4 Barn View Ct, in Bellingham’s Sudden Valley. Listed for $739,00 this 3 bedroom, 2.5 bathroom  estate home shares the amenities of Sudden Valley from a large private lot overlooking Lake Whatcom and the golf course. Extensive gardens and an orchard contribute to the privacy, and recent updating enhances the quality of the original construction with incredible finishes throughout. Granite, marble, cherry doors, & top end appliances add elegance to the light filled spaces. Two garages provide fully finished space for 4 vehicles, plus extensive storage and work space. It’s a jewel.

Features

2nd Kitchen, Wet Bar, Wine Cellar, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Double Pane Storm Windows, Dining Room, Hot Tub/Spa, Jetted Tub, Sauna, Security System, Skylights, Vaulted Ceilings, Walk-in Closet, Cable TV, Deck, Partially Fenced, Gas Available, High Speed Internet, Hot Tub/Spa

Taxes: $6,383
View: Lake, Golf Course, Mountain, Territorial
Lot Size: 0.35 Acre (15,130 SqFt)
Garage Size: 4 Car
Exterior: Brick, Wood
Fireplaces: 2 Fireplaces
Heating/Cooling: Forced Air
Roof: Tile Roof
Flooring: Ceramic Tile Floor, Hardwood Floor, Wall to Wall Carpet

School Information

Elementary: Geneva Elementary
Junior High: Kulshan Middle School
High: Bellingham High

For more information on 4 Barn View Ct including additional photos, a virtual tour or options to schedule a showing visit our website or call 1-888-713-3056, we’d be happy to help!

Pearl Django Jazz Concert in Sudden Valley

This Saturday, April 25th Sudden Valley’s dance barn will be alive with the sounds of gypsy jazz performed by Pearl Django   This will be their third appearance in Sudden Valley, and they are always a hit!

Date/Time: April 25, 2015 @ 3:00 pm – 5:30 pm

Location:
Sudden Valley Dance Barn
8 Barn View Drive
Bellingham, WA 98229

Tickets: $20 per person

Tickets may be purchased at the Sudden Valley Community Assoc. Office, the Sudden Valley Community Center, Village Books or  click below to purchase tickets through PayPal. For further information, call K.C. Sulkin at 360-671-1709.

If you are headed out to the concert series, don’t miss your chance to also drive by and check out our lovely estate listing located at 4 Barnview Ct in Sudden Valley.  If you have dreamed  of living in a lakeside community where you can walk to summer concerts look no further.

This estate home shares the amenities of Sudden Valley from a large, private lot overlooking Lake Whatcom and the gold course. Extensive gardens and an orchard contribute to the privacy and recent updating enhances the quality of the original construction with incredible finishes throughout. Granite, marble, cherry doors and top end appliances add elegance to the light filled spaces. Two garages provide fully finished space for 4 vehicles, plus extensive storage and work space. It’s a jewel.

To learn more about 4 BarnView Ct visit our website!

Slow But Trending Upward… Bellingham Real Estate Market Update

Bellingham Real Estate MarketThe Whatcom County real estate market continues to improve. There is a bit of stuttering from one month to another and from one area to another, but the overall trend is up in both number of sales and pricing. Let’s look at some details.

For the most part, the number of units sold is higher than any time since 2007, whether we compare just the month of June or the first 6 months of the year. Pricing, on the other hand, is still going through the “two steps forward, one step back” process, as is demonstrated below by the fact that all prices were up a bit compared with the first half of last year, but primarily down a bit if we look only at June.

May & June 2013

June 2012 & June 2013

January – June  2012 & January – June 2013

Sold

May

2013

June

2013


%
Change

June 2012

June

 2013

%
Change

YTD 6/30/2012

YTD 6/30/13

%
Change

Bellingham
Units

110

113

2.7%

90

113

25.6%

394

497

26.1%

Avg

$363,183

$336,380

-7.4%

$362,766

$336,380

-7.3%

$322,396

$330,214

2.4%

Median

$299,950

$300,000

0.0%

$294,950

$300,000

1.7%

$275,000

$285,000

3.6%

Total Whatcom County
Units

229

239

4.4%

213

239

12.2%

929

1077

15.9%

Avg

$297,641

$299,630

0.7%

$304,847

$299,630

-1.7%

$285,077

$293,713

3%

Median

$258,500

$272,000

5.2%

$275,000

$272,000

-1.1%

$245,750

$255,000

3.8%

If we go back to 2007, the last year prices didn’t fall overall in Whatcom County, we find that the average sale price today is 14.7% below 2007 and the median sale price is down 13%. At the rate we are going, it will take a few years to get back to those values, but at that point they should be “real” rather than “bubble” prices.

While the recent rise in interest rates may be a cloud on the horizon, it is also possible it will stimulate more buyers to enter the market due to fears that they may go even higher. Inventory is still very tight in many price ranges, with overall residential inventory in Bellingham down about 8% from the same week last year, while pending sales are up almost 29% over a year ago. There are major disparities in price ranges, however, so one number, as usual, doesn’t tell the whole story. The most active price range as of June 29th was from $200,000 to $300,000, in which 49% of all the signs in yards at that price range were pending. Note: 171 signs in yards; 84 under contact. On the other hand, in the $600,000 to $650,000 range, 38% were pending, but there were only 13 homes for sale, and 5 of them were pending. The only price range with nothing under contract at this point is from $900,000 to $999,999, with just 10 homes listed for sale.

The number of short sales available has been declining steadily and is now about half what it was in 2011. On the other hand, the number of bank owned properties has stayed fairly consistent. The number of all distressed home sales in June was 14.2% of the Bellingham market, down considerably from the 29% in January, but considerably higher than last summer’s single digit market shares.

The downsides of 3 months ago are still with us. Appraisals are much tougher. For the first time in years, I have had appraisers ask for inspection reports because underwriters want them. Underwriters are also requiring documentation for the source of the down payment money and sometimes requiring financial reserve amounts of the borrower. Buyers are getting frustrated because of the competition for homes of certain types. Sellers are getting frustrated because they may still have to bring money to the table to sell. And there are still homes that go off the market unsold, or sit on the market for months, because the price is too high for the product.

My overall feeling about the market right now is good. There are still a lot of people hurting from the recession and the housing bubble, but the market is moving. It is quite stable, lenders are doing their job of qualifying both the buyer and the property, people are moving here from other areas, additional jobs are available, and Whatcom County is a great place to live.

Bellingham and Whatcom County Real Estate Market Update

The teasing indications of an improvement in the local housing market throughout 2012 have really kicked in over the past 2 months, and the cumulative results of that can best be seen by comparing sales in November 2012 to sales in November 2011. Let’s start by looking just at Bellingham via the table below.

November 2011 Price Ranges in $1000’s Total 2011 November $ Sales Total Units Sold Average Sales Price % of Market Changes in November Year to Year Distribution of Residential Sales in Bellingham
<300 $9,214,940 46 $200,325 75.4%
300 to <500 $3,423,400 10 $342,340 16.4%
>500 $2,350,000 4 $587,500 6.6%
>750 $850,000 1 $850,000 1.6%
November 2012 Price Ranges in $1000’s Total 2012 November $ Sales Total Units Sold Average Sales Price % of Market Unit Change Average Price Change
<300 $12,150,908 56 $216,981 62.9% 21.7% 8.3%
300 to <500 $8,043,900 22 $365,632 24.7% 120.0% 6.8%
>500 $4,400,500 7 $628,643 7.9% 75.0% 7.0%
>750 $3,171,000 4 $792,750 4.5% 300.0% -6.7%

First, note the number of homes sold: 61 in 2011 compared to 89 in 2012. Then, note the distribution of those sales: over half the increase was above the $300,000 price point. Note the average price changes within the price ranges under $750,000: up 6.8% to 8.3%. These are strong numbers. Continue Reading…

To read more and learn more about the latest trends and statistics for the Bellingham and Whatcom County Real Estate Market’s visit our website….

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Bellingham and Whatcom County Real Estate Update

A Mixed Bag

If you drop a dozen ping-pong balls on a somewhat rough surface, what happens?  In my experience, they go every which way, none of which are predictable.  It is somewhat like the real estate market right now…some areas are up, some are down, some are up one month and down the next.  Trying to make some sense out of it month by month can be really frustrating.

Let’s start this report by looking at who went up and who went down, but then we’re going to talk about trendlines

Bellingham’s September home sales were up strongly from last year in terms of number of homes sold, but the prices dropped – 14% for the average and 12.5% in the median – and that tended to be the pattern throughout most of the county.  Only Lynden saw the number of sales drop, but they came off an incredible increase in August.  Birch Bay/Blaine was the only area where average and median prices were higher than a year ago – by about 7.8%.  Over all, September had the 3rd highest number of home sales in Whatcom County so far in 2011.

As the table below demonstrates, the distribution of sales across price ranges in Bellingham continued to stay heavy on the lower end.  In fact, nearly all the additional sales over last year were below $300,000. This, in itself, pulls down both the average and the median prices.

 

Bellingham Sales Distribution

To learn more about what is happening in the Bellingham and Whatcom County Real Estate Markets visit and read the complete article complete with graphs visit the Bellingham Real Estate Update Page.

For ongoing real estate numbers and details on all the Whatcom County market areas, go to www.JohnsonTeamRealEstate.com. We update the site weekly with everything from interest rates to market conditions to information from Fannie Mae, the FED and the FDIC. Also, feel free to call us at (360) 303-2734 or e-mail Info@JohnsonTeamRealEstate.com if you want to know more about a specific portion of the market – we track a lot more than we have space to report.

If your neighborhood would like a presentation or a link to your website of up-to-date information on real estate in the neighborhood, we can provide it – just give us a call.

            www.JohnsonTeamRealEstate.com also includes a constantly updated list of newly listed properties and a list of properties being offered as short sales & foreclosures (REOs), as well as the entire listing database of the Northwest Multiple Listing Service, fully searchable to your specifications.

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Bellingham Real Estate Market Update

After a rather scary July in the Whatcom County housing market, August brought a number of pleasant surprises:

  • More homes sold in Bellingham & Whatcom County as a whole than in any other month this year.  This is the first time in 6 years that has happened in Bellingham and only the second for the entire County.  June and July typically see the highest number of sales.
  • August sales matched 2010 sales in Bellingham and were up almost 21% for the County as a whole.
  • Lynden sales were incredible…up 183% over last year and higher than any year of the past 6.
  • Ferndale sales weren’t too bad either, doubling from last year and the highest since 2007.

            And then there was the pricing story:

  • Average sale prices in Bellingham dropped 5.8% from 2010 and 9.2% from July of this year.
  • Average sale prices in all of Whatcom County dropped 6.1% from 2010 and 2.2% from July of this year.
  • Lynden prices held the best, with the average actually increasing 3.8%.
  • Sudden Valley was hit the hardest, with both median & average prices down by 35% or more.

So what the heck is going on?  Let’s start by going back to the sales distribution numbers for Bellingham. Note the 61.4% of sales <$300,000.  Last year it was 50.6%, in 2009 it was 42.4%.

August 2010 Price Ranges in $1000’s

Total 2010  August $ Sales

Total Units Sold

Average Sales Price

% of Market

Changes in  August Year to Year Distribution of Residential Sales   in Bellingham

 

<300

$9,037,800

42

$215,186

50.6%

300 to <500

$10,889,405

29

$375,497

34.9%

>500

$6,111,950

10

$611,195

12.0%

>750

$1,645,000

2

$822,500

2.4%

 

August 2011 Price Ranges in $1000’s

Total 2011  August $ Sales

Total Units Sold

Average Sales Price

% of Market

Unit Change

Average Price Change

 

<300

$11,188,700

51

$219,386

61.4%

21.4%

2.0%

300 to <500

$8,794,901

23

$382,387

27.7%

-20.7%

1.8%

>500

$4,195,600

7

$599,371

8.4%

-30.0%

-1.9%

>750

$1,695,000

2

$847,500

2.4%

0.0%

3.0%

 

For the complete article on the state of the Bellingham and Whatcom County Real Estate Market’s visit Bellingham Real Estate Update Page   to read more!

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Bellingham and Whatcom County Real Estate Statistic Breakdown

Tired of sorting through all the articles on the Bellingham and Whatcom County Real Estate Market?  Are you looking for the numbers that tell the story? Below you will find the Bellingham and Whatcom County Real Estate breakdown by numbers in terms of sales prices, number of homes sold and days on the market.

Whatcom County – Median sales price, $247,710, up 2.3 percent; average sales price, $269,391, down 1.5 percent; total homes sold, 322, down 21.1 percent; average days on the market, 165, up 18.7 percent.

Bellingham – Median sales price, $275,000, up 8.7 percent; average sales price, $308,375, up 3.5 percent; total homes sold, 153, up 2.7 percent; average days on the market, 132, up 25.7 percent.

Blaine/Birch Bay – Median sales price, $214,750, down 3.4 percent; average sales price, $251,143, down 12.8 percent; total homes sold, 44, down 29 percent; average days on the market, 211, up 1.9 percent.

Ferndale – Median sales price, $236,000, down 3 percent; average sales price, $252,116, down 5.9 percent; total homes sold, 44, down 33.3 percent; average days on the market, 201, 53.4 percent.

Lynden – Median sales price, $279,000, up 3.4 percent; average sales price, $297,741, up 2.6 percent; total homes sold, 27, down 37.2 percent; average days on the market, 201, up 31.4 percent.

Mount Baker – Median sales price, $59,250, down 63 percent; average sales price, $119,486, down 23.6 percent; total homes sold, 20, down 31 percent; average days on the market, 196, up 19.5 percent.

Nooksack Valley – Median sales price, $242,000, down 1.2 percent; average sales price, $227,900, down 7.7 percent; total homes sold, 11, down 35.3 percent; average days on the market, 178, up 29.9 percent.

Sudden Valley – Median sales price, $176,000, down 23.8 percent; average sales price, $194,778, down 21.4 percent; total homes sold, 18, down 33.3 percent; average days on the market, 173, up 74.7 percent.

To learn more on the Real Estate Market in Bellingham and Whatcom Count visit The Johnson Team’s Real Estate Market Update Page.

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