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 2023
We are seeing signs of price stabilization and some growth after the market correction of 2022! Illustrated on the front is the up-down-up trajectory that home prices have experienced over the last year. While we are in the midst of measuring the negative difference from the peak prices of the first half of 2022 to […]
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QUARTERLY REPORTS Q4 2022
2022 was a transitional year for the real estate market that started off incredibly seller-centric and ended in balance. We started 2022 with interest rates hovering in the low 3%, peaked at 7% in late fall, and ended the year hovering in the mid 6%. This significant jump created a correction in home prices as the cost […]
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QUARTERLY REPORTS Q3 2022
The real estate market is adjusting to new environmental factors as we round out 2022. Interest rates have been on an upward trend since the spring and have increased by 2 points since the first of the year. This has put downward pressure on the peak prices we saw in the spring as we return to more […]
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