Elsinore, Edmonton - August 2026 Real Estate Report

Elsinore, Edmonton: Your Home Is Worth More Than the City Thinks

If you have been glancing at your latest city assessment and wondering if that number is actually what your place is worth - it is not. The average assessed value in Elsinore sits at $505,258 for houses, but the average HonestDoor Price tells a different story at $526,927. That is a $21,669 gap. For condos, the story flips - the city has them assessed at $352,685, while the HonestDoor Price comes in at $317,124. Knowing which number is closer to reality right now could save you from a bad deal, or help you make a great one.

The Vibe: Houses vs. Condos in Elsinore

Houses - A Quiet Sellers' Market

If you own a house in Elsinore, the market is quietly working in your favour. Two sales went through recently, and those buyers paid an average of 103.25% of the list price. That means people are going over asking. Homes are sitting on the market for about 40 days, which is not a frenzy, but it is steady. Our average sale price is sitting at $484,375, and the predicted market value is $524,893 - up from the 3-month moving average of $519,270. That upward tick matters.

• Average HonestDoor Price: $526,927 (up 0.39% recently)
• Average sale price: $484,375
• Current average listing price: $464,950
• Price per square foot: $267
• Average days on market: 40
• Sold-to-list ratio: 103.25% - buyers are paying above ask
• Estimated monthly rent: $2,612 with a rental yield of 5.59%
• Neighbourhood growth rank: 169 out of 292 in Edmonton
• Days-on-market rank: 38 out of 108 - moderately fast-selling

On the neighbourhood leaderboard, Elsinore houses rank 169 out of 292 for growth - below average, yes, but the sold-over-asking trend tells us demand is real. Compare that to nearby Baturyn, where the HonestDoor Price jumps to $722,842 with faster growth at 0.13%. Chambery sits at $660,578 but is growing slower than us at 0.03%. Lago Lindo comes in cheaper at $427,895. We are the middle lane - priced accessibly, with buyers still willing to compete.

Condos - A Buyers' Market Worth Watching

The condo picture is a bit different. Buyers here have more leverage - the average sale price is $385,000, but properties are selling at 94.13% of list price, meaning sellers are taking less than they asked. The predicted market value is $311,535, which is actually dipping slightly from the 3-month moving average of $314,113. Values have shifted by -0.88% recently. That is a signal worth paying attention to.

• Average HonestDoor Price: $317,124 (up 1.79% recently)
• Average assessed value: $352,685 - 10.08% higher than the HonestDoor Price
• Average sale price: $385,000
• Current average listing price: $409,000
• Price per square foot: $354
• Average days on market: 24
• Sold-to-list ratio: 94.13% - buyers are negotiating below ask
• Estimated monthly rent: $1,664 with a rental yield of 4.18%
• Neighbourhood growth rank: 195 out of 302 in Edmonton
• Days-on-market rank: 18 out of 111 - very fast-selling despite the buyers' market
• Price rank: 27 out of 218 - among the most expensive condos in Edmonton

Here is the interesting part - even though it is a buyers' market, Elsinore condos rank 27 out of 218 for price in Edmonton. We are sitting near the top of the price ladder for condos city-wide. And condos are still moving in 24 days, which is fast. Nearby Lago Lindo condos are cheaper at $258,031, and Baturyn condos are also cheaper at $219,635 but growing faster at 0.16%. If you own a condo here, you are holding a premium asset - but the market is telling you not to overprice it.

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

Your city assessment is a snapshot from the past. It gets updated once a year and does not react to what buyers did last month or what interest rates are doing today. The HonestDoor Price is a real-time estimate that pulls from actual sales data, current listings, and market movement. For Elsinore houses, that means the HonestDoor Price is already $21,669 ahead of the city's number. For condo owners, the city assessment is actually running $35,561 above the HonestDoor Price - which means if you are pricing based on your assessment, you could be setting yourself up for a longer, harder sell.

Think of the HonestDoor Price as the real-world check. It is what a motivated buyer in today's market is likely to pay - not what a government formula calculated months ago.

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

If you own a house in Elsinore and are thinking about listing this summer, the conditions are about as good as they get in a steady market. Buyers are paying over asking, the predicted value is trending up, and your HonestDoor Price at $526,927 gives you a solid anchor for pricing conversations with your agent. With 23 total property transactions in 2026 across the neighbourhood and 794 assessed properties, there is real activity here - not just noise.

If you own a condo, the play is different. Price it sharp. The days-on-market rank of 18 out of 111 tells us that well-priced condos move fast in Elsinore. But the sold-to-list ratio of 94.13% is a clear sign that buyers are pushing back on anything that feels overpriced. Your HonestDoor Price of $317,124 is the number to anchor to - not the $409,000 average listing price currently sitting on the market.

Either way, the first step is knowing your real number. Check your HonestDoor Price before you do anything else.

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.