Bannerman, Edmonton - August 2026 Real Estate Report

Bannerman Real Estate Update: Our Houses Are Hot, But Condos Are a Different Story

If you've been watching the "For Sale" signs in Bannerman, here's what's actually happening. The neighbourhood is holding its own in Edmonton's market - houses are moving fast and selling above asking, while condos are taking their time. Knowing which side of that line your property sits on could be worth real money this summer.

The Vibe: Houses vs. Condos

Houses - We're in Sellers' Territory

Our houses are genuinely performing. The average sale price sits at $406,750, and here's the number that matters most - homes are selling at 101.16% of list price. That means buyers are paying above asking. In this market, that's not nothing.

• Average sale price: $406,750
• Average list price this month: $402,450
• Price per square foot: $356
• Average days on market: 14 days
• Sold-to-list ratio: 101.16% - buyers are competing
• HonestDoor predicted value: $359,206
• Estimated monthly rent: $1,885
• Rental yield: 5.89%

Fourteen days on market is fast. Edmonton-wide, our days-on-market ranks 13 out of 108 comparable neighbourhoods. That puts us near the top of the speed leaderboard. And on growth, Bannerman houses rank 33 out of 292 neighbourhoods - that's genuinely top-tier. The predicted value of $359,206 is also climbing above the 3-month moving average of $353,247, which tells us momentum is pointing up, not down.

Compare us to the neighbours: Fraser is priced much higher at $630,359 but growing at a similar pace. Kirkness sits at $403,925. We're priced more accessibly than both, which keeps buyer demand real and steady.

Condos - Taking a Breather

Let's be straight with each other here. The condo side of Bannerman is cooling. One condo sold last month, it sat on the market for 93 days, and it sold at 91.67% of list price - meaning the buyer paid less than asking. That's a buyers' market, full stop.

• Average sale price: $99,000
• Average list price this month: $108,000
• Price per square foot: $87
• Average days on market: 93 days
• Sold-to-list ratio: 91.67% - buyers have the leverage
• HonestDoor predicted value: $153,611
• Estimated monthly rent: $842
• Rental yield: 4.34%

The predicted value of $153,611 is actually sliding below the 3-month moving average of $156,406. Recent value change is -0.85%. On the neighbourhood growth leaderboard, Bannerman condos rank 193 out of 302 - below average. Nearby Hairsine condos are selling faster at 64 days on market, which is a signal worth paying attention to if you're a condo owner thinking about timing.

One bright spot: our condo HonestDoor Price of $155,038 still beats nearby Fraser at $146,785. So we're not at the bottom of the pile - but the trend needs watching.

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

Here's something most Bannerman homeowners don't think about until it's too late. The city's assessed value on your property is a snapshot from the past. It doesn't update in real time. It doesn't know what sold on your street last month.

The HonestDoor Price does. For houses in Bannerman, the average HonestDoor Price is $359,179 - that's 1.98% higher than the average city assessment of $352,208. For condos, the HonestDoor Price of $155,038 runs 3.18% above the average assessed value of $150,254. That gap is your government assessment falling behind reality.

If you're pricing a sale, negotiating, or just trying to understand what your home is actually worth today - the HonestDoor Price is the real-world check. The tax assessment is last year's news.

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

If you own a house in Bannerman, the timing is genuinely good right now. Homes are selling in two weeks, buyers are paying over asking, and our growth rank of 33 out of 292 Edmonton neighbourhoods puts us in a strong position heading into summer. List it right and you'll likely see competition.

If you own a condo, the honest advice is to go in with realistic expectations. Ninety-three days on market and a below-asking sale price means buyers have options and they know it. That doesn't mean you can't sell - it means pricing it sharp from day one matters more than ever. A condo sitting at $108,000 list that sells for $99,000 is a story about overpricing, not a bad neighbourhood.

Either way, pull your HonestDoor Price before you do anything else. It's the most current number you have - and in a market moving this fast, current is everything.

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.