Larose Place, Morinville - July 2026 Real Estate Report

Larose Place, Morinville: What Your Neighbours Are Not Telling You About Home Values Right Now

If you live in Larose Place and you have not checked your property value lately, this is your nudge. The market here is doing two very different things depending on whether you own a house or a condo - and the gap between your city assessment and your real-world value might surprise you.

The Vibe: Houses vs. Condos in Larose Place

Houses - Steady, But Taking a Breather

We are in a balanced market for houses right now. The one home that sold this past period moved at exactly list price - 100% - which tells us sellers are pricing right and buyers are not pushing back hard. That is a healthy sign. But the numbers also show us that values are softening a little.

• Average HonestDoor Price: $402,800 - down 1.24% from last period
• Average sale price: $359,900
• Price per square foot: $223
• Average days on market: 17 days
• Predicted market value: $407,863
• 3-month moving average: $414,064 (values are dipping below this line)
• Rental yield: 5.80% - that is a strong return for landlords
• Estimated monthly rent: $2,111

Seventeen days on market sounds fast, but West Willow is moving homes in 13 days right now. That gap is worth watching. On the neighbourhood leaderboard, Larose Place houses rank 12 out of 14 for growth in Morinville - that puts us near the bottom of the pack. The good news? Days-on-market rank is 2 out of 12, meaning when a house does list here, it sells quickly. Buyers are still showing up.

Condos - A Quiet Comeback

Here is where things get interesting for us condo owners. While house values are dipping, condos in Larose Place are actually ticking upward. The HonestDoor Price for condos is up 3.43% from last period. That is a real move in a short time.

• Average HonestDoor Price: $117,332 - up 3.43%
• Average sale price: $156,000
• Listings averaging: $159,999
• Price per square foot: $145
• Average days on market: 13 days
• Buyers paid 97.5% of list price - slight room to negotiate
• Predicted market value: $113,445
• 3-month moving average: $110,259 (values are climbing above this line)
• Rental yield: 4.34%
• Estimated monthly rent: $624

Condos here rank 8 out of 11 for growth in Morinville - below average, but that upward price trend is a reason to pay attention. We are also selling faster than most condo neighbourhoods in the city, ranking 1 out of 3 for days on market. Buyers who want affordable entry into Morinville are looking at Larose Place condos first.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know that condo values here just jumped 3.43%. It does not know that house values have softened slightly from the 3-month moving average. It is working with old information.

The HonestDoor Price is updated in real time using actual market activity. For houses, it is sitting at $402,800 right now - that is your real-world check on what the market thinks your home is worth today, not what a government formula calculated last year. For condos, the HonestDoor Price of $117,332 is already tracking that upward momentum before most assessments would catch it.

If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to start with. The assessment is for your tax bill. The HonestDoor Price is for your actual life.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Larose Place and are thinking about listing this summer, here is the honest read. Values are slightly off their 3-month peak, and we rank near the bottom of Morinville neighbourhoods for growth right now. But - and this matters - homes here are still selling fast when priced right. Seventeen days on market is not bad. Buyers are active.

The play for house sellers is to price sharp from day one. Do not chase the peak from a few months ago. The market will reward you for being realistic, and you will still likely sell close to list price based on recent trends.

For condo owners, the timing is actually looking better than it has in a while. Values are climbing, you are selling as fast as anywhere in Morinville, and your price point is the most accessible in the area compared to West Willow, Classy Corner, and Poplar Grove. Motivated buyers exist for affordable product right now.

Either way, pull your HonestDoor Price before you call an agent. Walk into that conversation knowing your number - not the one on your tax notice, but the one the market is actually putting on your home today.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.