Welcome to Mountlake Terrace
Treasured by locals for its wonderful sense of community and its convenient location, Mountlake Terrace is a top choice for those looking to be part of an affordable, growing city! Located just north of Seattle along Interstate-5, this accessible community is brimming with a wide variety of amenities, from recreation and outdoor activities to great restaurants and entertainment options.
Mountlake Terrace offers its residents opportunities all year long to celebrate their community and meet their neighbors! Events like the Tour de Terrace, parades, carnivals, the tree lighting, and more welcome everyone to participate. Known for being a family (and dog!) friendly city, Mountlake Terrace offers a wide range of choice when it comes to getting out and about. Parks (like the Mountlake Terrace Off-Leash Dog Park), restaurants, shopping plazas, and community centers await exploration!
Mountlake Terrace on the Blog
QUARTERLY REPORTS Q1 2024
After an almost two-year journey of recovery and stabilization since the spring 2022 correction, the market has started to experience solid price appreciation. The median price in Q1 2024 vs. Q1 2023 shows that despite interest rates remaining stubborn, buyer demand is returning to the market. Improved consumer confidence and acclimation to lending costs have caused […]
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QUARTERLY REPORTS Q4 2023
The story of 2023 was balancing interest rates with home purchases and even home sales. The average weekly rate in 2023 was 6.8% and peaked in October at 7.94%. This caused some buyers to pause due to cost. Many sellers were reluctant to move and give up their low payments based on historically low rates, […]
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QUARTERLY REPORTS Q3 2023
Tight inventory and buyer demand helped fuel the market in the third quarter of 2023 despite rising interest rates. There have been fewer listings in 2023 than in 2022 which has created price growth since the first of the year. Prices peaked in spring 2022, corrected in the second half of 2022, and then they […]
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