It is the time of year when our market starts to take off. Spring is here and we are starting to see seasonal increases in inventory. In fact, there was a 47% increase in new listings in March compared to February. That increase was matched by a 48% rise in pending sales, illustrating very strong demand for housing in your area. Last month, the average list-to-sale price ratio (the amount the sale price topped the list price) was 103%, indicating that multiple offers were the norm. We ended the quarter with 0.5 months of inventory – the lowest level yet. More inventory would be absorbed by happy buyers looking for more selection and would help temper price growth, which is up 15% year-over-year.
South Snohomish County real estate has been a hot spot due to reasonable commute times and overall affordability compared to “in-city” real estate. In fact, the median price in March was 47% higher in Seattle Metro. Sellers are enjoying amazing returns due to this phenomenon, and buyers are securing mortgages with minor debt service due to low interest rates. This is a very strong seller’s market, but buyers who are securing a home are already enjoying appreciation in equity.
This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.
Price growth was particularly strong in 2017! Median was up 14% and average price up 12% over 2016. Median price in 2017 landed at $508,000 and the average at $543,000. The average amount of days it took to sell a house in 2017 was 24 days, which is 17% faster than 2016. The average list-to-sale price ratio over the last year was 101%, with the spring months as high as 103%! In 2017, inventory growth continued to be a challenge, with a 1% decrease in new listings compared to 2016. Even with inventory limitations there were 4% more sales! This phenomenon illustrates strong buyer demand and a need for more listings.
Median Price up 14%, Average Price up 12% Year-Over-Year
South Snohomish County real estate has seen a steady stream of buyers come our way due to affordability, reasonable commute times to job centers and quality of life. In fact, the median price in 2017 was 41% higher in north King County. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.
This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.
As a local hub of transit and convenience, Mountlake Terrace is a popular choice for those who want to live in a smaller city that’s still close to Seattle and the Eastside. The Mountlake Terrace Transit Center makes this all possible by connecting local, commuter, and regional busses with passengers.
“Mountlake Terrace has a great transit center!” confirms local Shelly K. “[Mountlake Terrace also offers] convenient access to the freeway, [and] commuting to work is easy.”
Brian H agrees; “[The] transit center is used by tons of commuters on 6101 236th Street SW, [and] provides easy access to Seattle. Light Rail is eventually going to be coming to Mountlake Terrace,” Brian added.
If you’re moving to Mountlake Terrace or already live here and need some commuting tips, read on! Here are 5 things we think you need to know about the Mountlake Terrace Transit Center:
The Transit Center has the capacity for over 1,000 cars.
This include a 5-level parking garage with 900 spaces. Plus, there’s bike lockers and racks available as well! This means 1,000 fewer cars on the streets during rush hour. (Thank you, Transit Center!) Helping 40,000 passengers commute each day is an amazing feat, and as our region grows, the Transit Center will become an even more crucial part of our community.
Light Rail is coming to Mountlake Terrace in 2023!
This is a BIG deal for the community. Construction on the new light rail station and route is slated to begin in 2018, and expected to begin servicing the area in 2023. Take a look at this interactive map for a better understanding of the upcoming Link Light Rail expansion!
You can take a bus to Downtown Seattle, Everett, and beyond from the Transit Center.
Nestled between Terrace Park School and the Mountlake Terrace Off-Leash Dog Park, the Mountlake Terrace Recreation Pavilion (5303 228th Street SW, Mountlake Terrace, WA 98043) is an incredible multi-purpose facility packed with amenities to take advantage of! When asked what people in MLT like to do for fun, the Recreation Pavilion was at the top of the list.
“The MLT Pavilion offers great programs for all ages, including a great swimming program,” shares local, Shelly K. “My kids enjoyed the pre-school programs, before and after school Kids Krew and summer camps.”
This dynamic community center offers so many amenities to the MLT community, and we wanted to share a few of our favorite things about the community center that are not to be missed!
Photo courtesy of the Mountlake Terrace Recreation & Parks Facebook page
The multi-purpose swimming pool.
This warm-water pool not only is home to swimming lessons and a range of classes, but it also includes a lazy river with a current, spray toys, a beach-like entry leisure pool, a therapy pool, handicapped access, a sauna, and more. Plus, you can even rent out the pool for parties!
Kids programs, like preschool, before & after school care, and summer camps!
Keeping kids busy is easy with this community center in your city’s backyard! There are 3 preschool options for kids ages 3 to 5, each program providing a unique set of offerings. Kids Krew offers before and after school care for kids ages 5 to 12, and a huge variety of summer camps include themes like swimming, dance, basketball, tennis, and general youth camps.
The huge variety of fitness classes and sports leagues.
Whether you’re into something super upbeat (like Turbo kick or Zumba) or something a little more low-key (like yoga and Tai Chi), the recreation pavilion has a large selection to choose from. If playing on a team is more your style, adults can participate in basketball, racquetball, softball, volleyball, and racquetball sports. Sign up with a friend and meet your neighbors!
The MLT Recreation Pavilion is open 7 days a week.
Whether you want a workout before work or the kids need to burn off some energy on a rainy Sunday, the pavilion is open and waiting to be used! Hours include Monday – Thursday 6am – 9:30pm, Friday 6am – 7:15pm, Saturday 7am – 8pm, and Sunday 8:30am – 7pm.
You don’t have to drive all the way to Seattle for premium microbrews and cool glasses of crafts beers—just north of Seattle, our beer scene is brimming with local options that any craft connoisseur will appreciate. Whether you want to fill up a growler, go on a weekend beer tour, or just grab a pint with friends, these 7 breweries just north of Seattle in Mountlake Terrace, Lynnwood, Edmonds, and Kenmore all offer the perfect place to start!
Diamond Knot Brewpub at MLT
Located at 5602 232nd Street SW Mountlake Terrace, WA 98043
The Diamond Knot Brewpub is a local favorite. Started by Bob Maphet and Brian Sollenberger as a hobby, Diamond Knot Craft Brewing now makes over 600 barrels of beer every single month! Diamond Knot mainstays include their India Pale Ale, Industrial IPA, Blonde Ale, Pipe Down Brown Ale, Above Board Pale Ale, E.S.B. Steamer Glide Stout, Possession Porter, and Hefeweizen.
TIP: You can also grab breakfast, lunch or dinner here, plus they’re family- and dog-friendly!
Learn more about Diamond Knot here:
Big E Ales
Located at 5030 208th St SW Suite A. Lynnwood, WA 98036
Brewing since 1997, Big E Ales serves up hand-crafted ales alongside a full, mouthwatering menu of delicious appetizers and entrees. You can stop by for a refreshing beer with friends, or even book the Brew Room for events like wedding receptions and company parties.
TIP: Their blog is packed with interesting beer history!
Home to a variety of carefully crafted brews, Salish Sea Brewing Company is a staple of the region. Beer lovers can choose from their Drop Anchor IPA, Salish IPA Dayton Street (3 SEAS) Session ISA, Driftwood Pale, Honey Golden, NW “Wildfire” Red, Expansion Amber, Kodiak Brown Porter, Prior Porter, Big Chocolate Love: A Robust Porter, and the seasonal Blackfish Stout and Blizzzaak Winter Ale. In addition to grabbing an ice-cold brew, you can enjoy an evolving menu of sandwiches, soups, and appetizers.
TIP: Families are welcome, and dogs are allowed on the outside patio.
American Brewing Company
Located at 180 W. Dayton St. Warehouse 102 Edmonds, WA 98020
At American Brewing Company, craftsmanship and science are at the forefront of everything they do and create. Started in 2010 by Adam Frantz, American Brewing Company benefits from Adam’s years of practice and his worldwide travels that have influenced his craft beers. Their consistent offerings include an India Pale Ale, Pale Ale, Kolsch Ale, Stout, and a selection of seasonal and specialty beers.
Ready to DIY your own brew?! Gallaghers Where-U-Brew offers an amazing opportunity to create your very own craft beer! They provide you with everything you need to brew a batch of beer… and it only takes 2 hours! They’re guide you through the different types of brews you can create, help you select what you’re most interested in, and assign you to a professional brewing kettle with instructions on how to get started. Then, you set a date (usually 2 weeks later) for you to go in a bottle your beer! Learn more about the process here.
TIP: You can also brew ciders, root beer, and make your own wine at Gallagher’s!
Nine Yards Brewing
Located at 7324 NE 175th St., Suite A Kenmore, WA 98028
Located right off the Burke Gillman trail in Kenmore, Nine Yards is a popular local establishment. Stop by for hand-crafted brews, food trucks, pinball machines, Skee ball… this happening place has it all, and is great for group gatherings or parties.
TIP: This establishment is open to all ages!
Located at 7204 NE 175th St. Bldg A, Kenmore, WA 98028
Cairn Brewing is a hub for beer drinkers and beer brewers alike. Stop by to enjoy a pint of the many on-tap offerings, 5 of which are always served directly from the tank! (There will also often be a food truck parked outside for your convenience!) Or, for those who are interested in learning the craft straight from the masters, sign up for a homebrewing class! Learn about the beer-making process, and actually brew a batch in class.
TIP: The Cairn Brewing taproom is family- and dog-friendly!
Whether you’re looking for a city that welcomes you and your furry best friend, or you already live in the Mountlake Terrace area and want to start exploring, you’re in luck! The Mountlake Terrace area has some excellent dog parks and other amenities for dog owners and their canine companions to enjoy, all while getting some exercise and enjoying the outdoors!
If you’re a dog owner in Mountlake Terrace, here are 3 places you need to know about:
Mountlake Terrace Off-Leash Dog Park
The Mountlake Terrace Off-Leash Dog Park is located just northeast of the MLT Recreation Pavilion. Offering just under an acre of space in the shaded woods of Terrace Creek Park, this fenced area is a haven for dogs!
“We love to take our dog Dash for walks and let him run off leash in the park!” shares Shelly Katzer. Dogs can run and play within the double-gate system, and owners are welcome to relax on benches (or run and play, too!). Learn more about the park and read rules for visiting the dog park here.
Marina Beach Off-Leash Park
While this park technically isn’t in Mountlake Terrace, it is in the neighboring city of Edmonds (498 Admiral Way Edmonds WA 98020) and well worth the short 10-20 minute drive from MLT. As part of the larger Marina Beach Park on the Edmonds waterfront, this park offers a long list of amenities in addition to the off-leash area. A loop trail, playground, restroom, picnic tables, barbecue area, and much more set the scene.
As for the dog park portion, furry friends can frolic in the sand, splash in the surf, and stretch their legs as they meet other dogs in the cool ocean breeze. Click here to learn more about this Edmonds off-leash area.
Photo courtesy of the Pet Adventure Facebook page
Pet Adventure Shop
Located in the Cedar Plaza Shopping Center (22803 44th Ave. West Suite E-5 Mountlake Terrace, WA 98043), Pet Adventure Shop is a must-visit destination for local pet owners! Established in 2010 and owned and operated by locals, Pet Adventure Shop stocks its shelves with a huge range of food and supplies. Even the pickiest of pets are bound to find something delicious here—check out a list of the brands of cat and dog foods Pet Adventure Shop carries here.
In addition to supplies for cats and dogs, they also carry an eclectic variety of products for other animals including hamsters, birds, bunnies, fish, chickens, and horses.
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 (find a variety of cuisine including American, Mexican, Thai, Italian, barbecue, burgers and more!), shopping plazas, and community centers await exploration!
For those interested in moving to Mountlake Terrace, you can expect to find a variety of ramblers, split-levels and tri-levels, condominiums, and townhomes to choose from. The growing city is also beginning to see some new construction, offering even more opportunity for homebuyers looking for affordable real estate options!
Getting Out & About
Boasting a 100+ acre expanse, Lake Ballinger Park offers fishing, beach access, picnic tables, trails, gorgeous scenery, and protected wetland areas.
The Mountlake Terrace Off-Leash Dog Park, Mountlake Terrace Recreation Pavillion, Terrace Creek Park “Candy Cane Park,” and Veterans Memorial Park are just a few of the many scenic outdoor retreats in Mountlake Terrace.
“QFC is convenient and walkable when I need last minute items!” shares Shelly Katzer.
Cedar Plaza (featuring Ace Hardware, QFC, Bartells, Starbucks, a pet store, a dry cleaners, and more) is one of REALTOR® Brian Hayter favorite places to shop in Mountlake Terrace. Las Espuelas Mexican Restaurant is also one of his favorite restaurants in the area, in addition to Time Out Greek, Red Onion Burger, Voulas Good Eats, Ringers Sports Bar, and Gabriels Fire. Additionally, Shelly Katzer recommends Big E’s Ale House, Diamond Knot, and Amorn Thai cuisine.
The Cinebarre Mountlake 8 Movie Theater in Mountlake Terrace offers residents with a convenient entertainment option right in their own neighborhood.
Commuting from Mountlake Terrace
“There is a great transit center used by tons of commuters on 236th St SW that provides easy access to Seattle. Light Rail is eventually going to be coming to Mountlake Terrace,” shares REALTOR® Brian Hayter.
The Mountlake Terrace Transit Center includes capacity for 1,000 cars and is served by Bus 511, Bus 512, and Bus 513. Mountlake Terrace will also open a light rail station 2023.
Homes in Mountlake Terrace
If you’re searching for a home in Mountlake Terrace, REALTOR® Brian Hayter shares that you can expect to find “Lots of ramblers (many cinder block), split levels/tri levels, condos/townhomes. We’re also starting to see a fair amount of new construction. There are lots of options!”