We present time-resolved measurements of the displacement of magnetic domain-walls (DWs) driven by vertical spin-polarized currents in track-shaped magnetic tunnel junctions. In these structures we observe very high DW velocities (600 m/s) at current densities below $10^7 A/cm^2$. We show that the efficient spin-transfer torque combined with a short propagation distance allows to avoid the Walker breakdown process, and achieve deterministic, reversible and fast ($≈$ 1 ns) DW-mediated switching of magnetic tunnel junction elements, which is of great interest to the implementation of fast DW-based spintronic devices.