Mountlake Terrace Real Estate Snapshot

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We are excited to introduce a new contributor to MLTnews, Ashley Berg. Ashley will be writing about real estate in Mountlake Terrace.

Here is a little bit about Ashley:

I am a real estate Broker for Realty Executives Brio but work mostly out of my home office here in Mountlake Terrace. I have an amazing four year old daughter who keeps me on my toes. I am passionate about health and wellness and am an avid thrift-store junky, always searching for new treasures. I also enjoy creating art and gardening. As a certified Ecobroker, I specialize in “Green” sustainable homes, although I sell just as many traditional homes and condos in and around King and Snohomish county. If you are looking to buy, sell, or simply have real estate related questions, please contact me. I would love to help.

You can find more information about Ashley on her website http://www.livegreennw.com/.

In 2010, a total of 136 homes (113 residential and 23 condos) were sold in Mountlake Terrace. So far this year, as a community we have sold 22 homes, only one of which was a condo. There are currently 91 homes on the market: 58 residential and 33 condos. Of these homes, 15 of them are bank-owned, 33 are short sales, and 43 of them are considered a standard sale. So far homes sold in 2011 are averaging a selling price of $222,693, taking an average of 91 cumulative days on the market, with an average size of 1463 sq. feet (see CMA for breakdown). This is slightly down from last year (but we’ve barely eased into the New Year right?), with a total average price for 2010 sold homes at $228,757, in which the average days on the market was 62 days. The average size home sold in 2010 though was slightly less at 1415 sq. ft.

Homes in 2010, sold for an average of $161.67 a sq. ft. and homes selling so far in 2011 are selling at an average price of $152.22 per sq. ft.

See the Market Statistics Report for a breakdown of 2011’s sold homes.

Curious what the least expensive house/condo currently on the market is? And the most expensive?
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Least Expensive House

21700 54th Ave W, List Price: $94,400

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Most Expensive House

22303 68th Place W, List Price: $499,950

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Least Expensive Condo

22105 66th Ave W Unit C, List price: $62,900

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Most Expensive Condo

5506 240 St SW Unit A105, List Price: $269,900

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There has seemed to be a renewed buzz around the office. Perhaps everyone is getting ready for the Spring market upswing after a quiet winter. Let’s hope MLT properties can hold their value and that we start to trend upward from here on out. Wouldn’t that be nice?

Check out this week’s open houses and a map to get you there :

What would you like to know about Mountlake Terrace real estate? Anything you would like us to cover? Let us know in the comments.

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