Albany, Edmonton - July 2026 Real Estate Report

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

If you've been watching the "For Sale" signs on Albany's streets, here's what's actually happening. The market is sending mixed signals depending on whether you own a house or a condo - and knowing which side of that split you're on could change what you do next.

The Vibe: Houses vs. Condos in Albany Right Now

Houses - Taking a Breather

Let's be straight with each other. The house market in Albany is cooling off. The average sale price sits at $567,000, and that's down 9.3% from last month. Only 2 houses sold, which is 33.3% fewer than the month before. Homes are sitting on the market for an average of 79 days - nearly double the 42 days you'd see over in Oxford. Buyers are also negotiating, paying about 97.84% of the list price on average. That gap adds up fast on a $600,000 home.

• Average sale price: $567,000 (down 9.3% from last month)
• Average list price this month: $648,000
• Price per square foot: $258
• Average days on market: 79
• Properties sold this month: 2
• Sale-to-list ratio: 97.84%
• Predicted market value: $609,672
• Estimated monthly rent: $2,938
• Rental yield: 5.42%

The predicted value of $609,672 is actually sliding below the 3-month moving average of $614,629. That's a small but real downward drift. On the neighbourhood leaderboard, Albany houses rank 210 out of 302 Edmonton neighbourhoods for growth - that puts us in the below-average tier right now. Price rank is a brighter spot at 89 out of 285, meaning we're still above average in what homes are worth compared to most of the city.

One silver lining for landlords: a 5.42% rental yield on houses is genuinely strong. If selling isn't the plan, holding and renting makes real financial sense here.

Condos - A Different Story

Condo owners, we've got something to feel better about. The average condo sale price is $205,000, up 9.0% from last month. Values are ticking upward - the predicted market value of $255,121 is climbing past the 3-month moving average of $254,379. That's a positive trend, not a fluke.

• Average sale price: $205,000 (up 9.0% from last month)
• Average list price this month: $212,000
• Price per square foot: $258
• Average days on market: 60
• Properties sold this month: 2
• Sale-to-list ratio: 96.56%
• Predicted market value: $255,121
• Estimated monthly rent: $1,379
• Rental yield: 4.26%

On the neighbourhood leaderboard, Albany condos rank 98 out of 296 Edmonton neighbourhoods for growth - that's above average. Days on market rank is 46 out of 108, meaning condos here sell at a moderately fast pace. The trade-off is price rank: 148 out of 220, which puts us below average in condo pricing compared to the broader city. We're not the priciest option, and right now that's actually an advantage for attracting buyers.

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 broad formulas. It doesn't know what sold on your street last week or what buyers are actually offering right now.

The HonestDoor Price is the real-world check. It updates in real time using actual transaction data, and for Albany, the gap between the two numbers tells an important story.

For houses, the average city assessment is $625,232. The HonestDoor Price is $617,572 - that's 1.23% lower than the assessed value. In plain terms: the city thinks your house is worth a bit more than the market currently agrees with. If you're pricing based on your assessment alone, you could be setting yourself up for a longer sit on the market - which, at 79 days average, is already a real concern.

For condos, it flips. The average city assessment is $234,400. The HonestDoor Price is $252,671 - that's 7.79% higher than what the city has on file. Condo owners, your assessment is actually underselling you. If you haven't looked at your HonestDoor Price lately, you might be leaving money on the table.

• House HonestDoor Price: $617,572 (up 1.98% from previous period)
• House assessed value: $625,232 - HonestDoor is 1.23% lower
• Condo HonestDoor Price: $252,671 (down 0.96% from previous period)
• Condo assessed value: $234,400 - HonestDoor is 7.79% higher

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

If you own a house in Albany and you're thinking about listing this summer, the data is asking you to be realistic. Prices are down, days on market are climbing, and buyers are negotiating. That doesn't mean you can't sell - it means pricing sharp from day one matters more than ever. A home sitting for 79 days in a cooling market starts to look stale, and stale listings attract lower offers.

Check your HonestDoor Price before you pick a number with your agent. The assessed value of $625,232 is running a bit hot compared to where the market is landing. Starting closer to the $609,000-$617,000 range gives you a stronger shot at a faster, cleaner sale.

If you own a condo, the summer picture is more encouraging. Prices are rising, the predicted value is climbing, and your HonestDoor Price is already ahead of what the city assessed you at. You have real leverage. A well-priced condo in Albany right now - listed around that $212,000 range - is competitive, and the upward trend gives you room to hold firm on price.

For anyone thinking about holding rather than selling: house rental yields at 5.42% are strong enough to make the math work while you wait for the market to find its footing. Albany isn't going anywhere - with 246 houses and 331 condos assessed this year, this is an established, active neighbourhood with real demand on both the buy and rent side.

Bottom line - know your actual number before you make a move. Your HonestDoor Price is the place to start.

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.