If you own a home in Rosenthal and you're still relying on your city assessment to know what your place is worth, you're working with old information. Here's the real picture, right now, no fluff.
We saw 16 houses sell in Rosenthal last month, which is actually up 23.1% from the month before. That sounds good, but dig a little deeper and the picture is more nuanced. The average sale price sits at $482,516, down 10.5% from last month. Homes are sitting on the market for an average of 80 days - compare that to 55 days in nearby Breckenridge Greens, and it's clear our houses are taking longer to find buyers right now.
The house market here is cooling. Sellers are still getting close to their asking price, but buyers have more leverage than they did a few months ago. If you're a landlord or thinking about becoming one, that 5.58% rental yield is genuinely solid and worth paying attention to.
The condo side of Rosenthal is a much smaller market, but what we're seeing is actually pretty encouraging. Only 1 condo sold last month, but it moved in just 21 days - faster than nearby Secord at 23 days. The predicted market value of $309,399 is creeping up past the 3-month moving average of $307,067, which means momentum is quietly building.
Rosenthal condos rank 42nd out of 218 neighbourhoods for price - that puts us near the top of the Edmonton condo leaderboard. And with a days-on-market rank of 14th out of 113, when a condo here hits the market, it does not sit around.
Here is the thing about your city assessment - it is a snapshot from the past. It does not know what happened in the market last month, last week, or yesterday. The HonestDoor Price updates in real time, and right now it is telling a different story than what the city has on file.
For houses in Rosenthal, the average city assessment is $542,465. The HonestDoor Price is $535,552 - that is 1.27% lower than the assessed value, and it has already dipped 0.21% from the previous period. If you are a homeowner banking on that assessment number for a sale price conversation, you could be starting negotiations from the wrong place.
For condos, the gap is even wider. The average city assessment is $326,955. The HonestDoor Price is $303,038 - that is 7.32% lower. The condo HonestDoor Price has also dropped 2.06% from the previous period. That is a meaningful difference if you are trying to price a unit to actually sell it.
Think of the HonestDoor Price as your real-world check. The city assessment tells you what your home was worth when they last looked. The HonestDoor Price tells you what the market thinks right now.
If you own a house in Rosenthal and you are thinking about listing this summer, here is the honest take. The market is taking a breather. Prices are down from last month, homes are sitting longer than nearby neighbourhoods, and buyers are coming in below ask. That does not mean you should panic - Rosenthal still ranks above average in both price and growth across Edmonton. But it does mean that pricing your home right from day one matters more than ever. Overpricing and chasing the market down is a losing strategy in this environment.
If you own a condo, the picture is more encouraging. Values are ticking up, units are moving fast, and Rosenthal sits near the top of the Edmonton condo price leaderboard. If you have been waiting for a decent window to sell, this is worth a serious look.
Either way, the first thing to do is pull your HonestDoor Price. Not your assessment. Not a guess. Your actual real-time number - so you know exactly where you stand before you make any moves.
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.