MLT real estate market on rebound

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The Mountlake Townhomes in the 23400 block of 55th Avenue West; four of the 12 townhomes are currently listed on the market. (Photo by Doug Petrowski)
The Mountlake Townhomes in the 23400 block of 55th Avenue West; four of the 12 townhomes are currently listed on the market. (Photo by Doug Petrowski)

The real estate market in Mountlake Terrace is the strongest it’s been in seven years, according to mid-year statistics from Trulia.com. The number of properties listed and being sold, and the sale prices are the highest in the city since 2007.

The median sales price of a Mountlake Terrace home sold so far this month is $274,975, up more than 22 percent from June 2013. The average price per square foot is $215, up 15 percent from a year ago.

The market has rebounded from lows set in late 2011, when the median price of a Mountlake Terrace home sold was approximately $158,000; average price per square of a Mountlake Terrace home in late 2011 was $141.

 

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