Larose Place, Morinville - September 2026 Real Estate Report

Larose Place, Morinville: Here's What Your Home Is Actually Worth Right Now

If you live in Larose Place and you're still going off your city assessment to figure out what your home is worth, it's time for a reality check. The market has moved. Here's what's actually happening on the ground.

The Vibe: Houses vs. Condos - Two Very Different Stories

Houses - Holding Steady With Some Real Upside

We're in a stable buyers' market for houses right now, but don't let that word "stable" put you to sleep. The numbers here are actually pretty encouraging for homeowners.

• Average sale price: $455,000
• Average list price this month: $459,900
• Price per square foot: $298
• Homes selling at 98.93% of list price - buyers are close to full ask
• Average days on market: 16 days
• Rental yield: 5.78% - that's a strong return if you're thinking income property
• Estimated monthly rent: $2,154
• Growth rank: 3 out of 14 neighbourhoods in Morinville - that puts us near the top of the leaderboard

Houses here are taking a few more days to sell than West Willow (13 days vs. our 16), so the market is taking a slight breather. But a 3.98% bump in property values recently, combined with a predicted market value climbing to $418,815 against a 3-month average of $409,826, tells us the direction is still up. That growth rank of 3 out of 14 is not nothing - it means Larose Place houses are outpacing most of Morinville right now.

Condos - Be Honest With Yourself Here

We're going to be straight with you on condos, because that's what a good neighbour does. The condo picture in Larose Place is tougher right now.

• Average sale price: $156,000
• Average list price this month: $159,999
• Price per square foot: $145
• Homes selling at 97.50% of list price - slight discount off ask
• Average days on market: 13 days
• Rental yield: 4.35% - moderate, not spectacular
• Estimated monthly rent: $611
• Growth rank: 10 out of 11 neighbourhoods in Morinville - bottom of the leaderboard

The HonestDoor Price on condos here has dropped 6.41% recently, and the predicted market value of $111,186 is actually sliding below the 3-month moving average of $113,988. Every comparable neighbourhood nearby - West Willow, Classy Corner, Poplar Grove - is priced higher. If you own a condo in Larose Place, this data deserves your attention sooner rather than later.

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

Here's the thing about your city assessment - it's a snapshot from months ago, built on general formulas, not what buyers are actually paying on your street right now. It doesn't know that house values in Larose Place have moved 3.98% recently. It doesn't know that the predicted market value for houses is now sitting at $418,815. It definitely doesn't know that condo values have shifted down 6.41%.

The HonestDoor Price is updated in real time using actual sales data, current listings, and local market signals. For houses, that means your home could be worth more than your assessment says. For condo owners, it means you need a current number - not a stale one - before making any decisions. Waiting for next year's tax notice is not a strategy. Checking your HonestDoor Price today takes about 30 seconds.

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

If you own a house in Larose Place and you're thinking about listing this summer, the timing is not bad. Here's the honest read:

• Buyers are paying 98.93% of list price - you're not leaving a lot on the table if you price it right
• 16 days on market is still a reasonably quick sale
• Your growth rank of 3 out of 14 gives you a real story to tell buyers about this neighbourhood
• Price your home sharp and you'll move it - overprice it and you'll sit

If you own a condo, summer is still a selling season, but you need to go in with clear eyes. The market is telling you that buyers have options nearby at higher price points, which means your pricing has to be competitive from day one. A condo that sits gets stigmatized fast. The 13-day average is your friend - but only if you list at the right number.

Bottom line: check your HonestDoor Price before you do anything else. It's the real-world number, not the government's best guess from six months ago. Whether you're selling, renting, or just keeping score on your biggest asset - start there.

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.