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.