Albany, Edmonton - August 2026 Real Estate Report

Albany, Edmonton: What Your Neighbour Hasn't Told You About Home Prices Yet

The Vibe Right Now

If you've been watching the "For Sale" signs in Albany, here's what's actually happening. The neighbourhood is holding its value - but the story is very different depending on whether you own a house or a condo. Let's break it down.

Houses: Steady, But Take a Breath

The house market in Albany is taking a breather. One property sold last month - down 50% from the month before - and it sat on the market for 87 days before finding a buyer. That's not a panic signal, but it's not a hot streak either. The average sale price came in at $319,000, and buyers paid about 98% of the asking price. Close, but still under. Sellers are negotiating.

• Average sale price: $319,000 (down 43.7% from last month)
• Average list price: $325,000
• Price per square foot: $272
• Average days on market: 87
• Sale-to-list ratio: 98.15%
• Predicted market value (HonestDoor): $621,720
• 3-month moving average: $615,089 - the trend is moving up
• Estimated monthly rent: $2,983
• Rental yield: 5.40% - that's a strong return

Here's the number that matters for us as homeowners: the predicted value of $621,720 is climbing past the 3-month average of $615,089. That's a quiet but real upward move. And compared to nearby Rapperswill, where the predicted value sits at $512,300, Albany houses are holding a clear price advantage.

On the neighbourhood leaderboard, Albany houses rank 65 out of 292 Edmonton neighbourhoods for growth. That puts us in the top quarter of the city. Not flashy, but genuinely above average.

Condos: A Different Story

Condo owners, pay attention. The numbers here are more mixed. One condo sold last month, prices are up a slim 0.5%, but the predicted value has dipped slightly - down 0.96% recently - and sits just below the 3-month moving average of $254,064. The market is cooling on this side of the ledger.

• Average sale price: $206,000 (up 0.5% from last month)
• Average list price: $215,000
• Price per square foot: $251
• Average days on market: 56
• Sale-to-list ratio: 95.81% - buyers are negotiating harder here
• Predicted market value (HonestDoor): $252,671
• 3-month moving average: $254,064 - value is dipping slightly
• Estimated monthly rent: $1,366
• Rental yield: 4.26% - moderate, but still positive

Condos are selling faster than houses - 56 days versus 87 - but they're taking longer to move than in nearby Oxford, where the average is 42 days. On the growth leaderboard, Albany condos rank 200 out of 302 Edmonton neighbourhoods. That's below average, and it's worth knowing before you price your unit.

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

Here's something most Albany homeowners don't realize. The city's assessed value for houses in Albany averages $625,232. The HonestDoor Price for those same houses is $618,748. That's a gap of about $6,500 - and the HonestDoor number is the one that actually reflects what buyers are doing right now, not what a government formula calculated months ago.

For condos, the gap flips the other way. The city assessment averages $234,400, but the HonestDoor Price is $255,597 - that's 9% higher. If you're a condo owner relying on your tax assessment to understand what your unit is worth, you're leaving real money on the table in your mental math.

The HonestDoor Price updates in real time. The city assessment does not. That difference is your edge - whether you're selling, refinancing, or just keeping score.

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

If you own a house in Albany and you're thinking about listing this summer, the window is real but it requires patience. Buyers are active, but they're not rushing. With 87 average days on market, you need to price sharp from day one. The good news is that your predicted value is trending up, and Albany still commands a premium over neighbourhoods like Rapperswill and Oxford. Price it right and you'll find your buyer.

If you own a condo, be honest with yourself about timing. Values have dipped slightly in the short term, the growth rank is below average, and buyers are negotiating harder - landing deals at about 96 cents on the dollar. That doesn't mean don't sell. It means don't overprice and don't expect a bidding war.

For both property types, check your HonestDoor Price before you do anything else. It's the real-world check against a static assessment - and right now in Albany, knowing the difference could change your entire strategy.

• Albany house growth rank: 65 out of 292 Edmonton neighbourhoods - top quarter
• Albany condo growth rank: 200 out of 302 Edmonton neighbourhoods - below average
• Neighbourhood year-over-year growth: 0.07%
• Average rental estimate (houses): $2,987 per month
• Average rental estimate (condos): $1,381 per month
• Total house transactions in 2026: 12
• Total condo transactions in 2026: 6

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.