The Lakes, Morinville - October 2026 Real Estate Report
The Lakes, Morinville: Your Home Is Worth More Than the City Thinks
The Headline
If you own a home in The Lakes and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The market here is moving faster than most people realize - and the numbers back it up.
The Vibe: What's Actually Happening on Our Streets
We're seeing a market that's holding its ground. The average sale price for houses in The Lakes sits at $470,000, with listings coming in at $474,900. That's a tight gap, which tells us sellers are pricing close to reality and buyers are showing up ready to deal.
Homes are selling in an average of 12 days. That's fast. For context, Larose Place next door is sitting at 13 days - so we're moving quicker than our neighbours. Buyers paid 98.97% of list price on average, which means there's a little room to negotiate, but not much. This is a stable market, not a fire sale.
- Average sale price: $470,000
- Average list price: $474,900
- Price per square foot: $442
- Average days on market: 12
- Sale-to-list ratio: 98.97%
On the neighbourhood leaderboard, The Lakes ranks 2 out of 10 for days-on-market speed across Morinville. That's a top-tier result. For price, we rank 4 out of 13 - solidly above average. Growth rate comes in at 6 out of 14, which puts us in the above-average tier. Not the flashiest number on the board, but consistent and real.
The Secret Sauce: Why Your HonestDoor Price Matters Right Now
Here's the thing about government assessments - they're snapshots from the past. By the time that number lands in your mailbox, the market has already moved on. The HonestDoor Price is updated in real time, pulling from actual sales data to give you a current read on what your home is worth today.
Right now, the average HonestDoor Price for homes in The Lakes is $484,510. The predicted market value for houses specifically comes in at $497,834 - and that number is trending up from the 3-month moving average of $495,322. That upward tick matters. It means the trajectory is positive, even if the short-term HonestDoor Price dipped 2.68% from the previous period.
Compare that to nearby neighbourhoods. Poplar Grove is averaging $425,181. Larose Place is at $401,912. Sunshine Estates sits at $397,112. The Lakes commands a real premium over all three. If your city assessment doesn't reflect that gap, you could be making financial decisions - refinancing, selling, insuring - based on a number that undersells your home by tens of thousands of dollars.
- HonestDoor Price (The Lakes): $484,510
- Predicted market value: $497,834
- 3-month moving average: $495,322
- Poplar Grove average: $425,181
- Larose Place average: $401,912
- Sunshine Estates average: $397,112
The "So What?" - Thinking About Selling This Summer?
If selling is on your radar, the conditions in The Lakes are about as clean as you're going to get. Homes are moving in under two weeks. Buyers are paying close to full ask. And your home is priced above the competition in every nearby neighbourhood.
The rental picture also adds leverage to your position. Estimated rent is $2,516 per month, with a rental yield of 5.64%. That's strong enough that buyers who are investors will take notice - which means more potential offers, not fewer.
The HonestDoor Price dipped 2.68% recently, so this isn't a moment to be complacent. But with a predicted value of $497,834 and a market that's still moving fast, summer 2025 is a window worth taking seriously. Get your HonestDoor Price, compare it to your assessment, and have an honest conversation about what your home is actually worth before you decide anything.
- Estimated monthly rent: $2,516
- Rental yield: 5.64%
- Airbnb rank in Morinville: 2
- Airbnb income estimate: $125 per month
- Recent value change: up 0.19%
Bottom line - The Lakes is not a neighbourhood that's cooling off. It's taking a measured breath. And for anyone ready to make a move, that breath might be the best entry point you'll see this year.
the lakes | morinville | october 2026This 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.