Elsinore, Edmonton - July 2026 Real Estate Report

Elsinore Real Estate Check-In: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you own a home in Elsinore and you haven't looked at your HonestDoor Price lately, you're probably leaving money on the table - at least in terms of knowing what you actually have. The city's assessment says one thing. The real world says another. Here's the breakdown.

Houses: Sellers Have the Upper Hand

The house market in Elsinore is quietly doing its thing. Buyers are paying above asking - 103.25% of list price on average. That means if you list at $464,950, you're likely walking away with more than that. The average sale price is sitting at $484,375, and the predicted market value is $522,479 - up from a 3-month moving average of $513,719. That upward trend matters.

• Average sale price: $484,375
• Average list price this month: $464,950
• Sale-to-list ratio: 103.25% - buyers are competing
• Price per square foot: $267
• Average days on market: 40
• Predicted market value: $522,479
• Estimated monthly rent: $2,603
• Rental yield: 5.59% - that's a strong return
• Growth rank: 47 out of 302 Edmonton neighbourhoods

That growth rank is worth pausing on. Out of 302 comparable neighbourhoods tracked in Edmonton, Elsinore houses land in the top 16%. That's a leaderboard stat worth knowing when you're deciding whether to sell, hold, or rent.

Condos: A Different Story

The condo side is taking a breather. Buyers are paying 94.13% of list price - below asking - and the average sale price of $385,000 is coming in under the average listing of $409,000. Values have dipped 0.70% recently. That said, condos here are still among the priciest in Edmonton - ranking 28 out of 220 neighbourhoods on price. And they're moving fast: days-on-market ranks 17 out of 108, which means when a condo does sell, it doesn't sit long.

• Average sale price: $385,000
• Average list price this month: $409,000
• Sale-to-list ratio: 94.13% - buyers have some room to negotiate
• Price per square foot: $354
• Average days on market: 24
• Predicted market value: $314,302
• Estimated monthly rent: $1,678
• Rental yield: 4.17% - moderate but steady
• Price rank: 28 out of 220 Edmonton neighbourhoods - near the top

One thing to watch: the HonestDoor Price for condos ($311,535) is running 11.67% below the city's assessed value ($352,685). That gap is a signal. The market is telling you something the assessment hasn't caught up to yet.

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

Here's the thing about city assessments - they're snapshots from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual sales data, current listings, and what buyers are genuinely paying in your neighbourhood today.

For houses in Elsinore, the HonestDoor Price is $524,893 - that's 3.89% higher than the average city assessment of $505,258. For a lot of homeowners, that gap represents real dollars they didn't know they had. The HonestDoor Price has also nudged up 0.46% from the previous period, which tells us the momentum is still pointing in the right direction.

For condo owners, the picture is flipped. The HonestDoor Price of $311,535 is running well below the city's assessed value. If you're a condo owner using the assessment to anchor your expectations, you could be in for a surprise when you actually list. Better to know now than at the negotiating table.

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

If you own a house in Elsinore and you're thinking about listing this summer, the numbers are working in your favour right now. Buyers are paying over asking. The predicted value is climbing. And with 794 properties assessed in the neighbourhood and only 22 transactions in 2026 so far, supply is tight - which is exactly the kind of environment where sellers win.

Compare that to nearby Baturyn, where the HonestDoor Price is $719,583 but growth is only slightly faster at 0.13% year over year. Chambery is pricier at $661,058 but growing slower than Elsinore. Lago Lindo is cheaper at $428,503. Elsinore sits in a solid middle ground - affordable enough to attract buyers, appreciating enough to reward sellers.

For condo owners, summer is still a reasonable time to list - those days-on-market numbers show buyers are active. But price it based on what the market is actually doing, not what the city assessed. The HonestDoor Price is your real-world check before you commit to a number.

• Neighbourhood growth: 0.09% year over year
• Total transactions in 2026: 22 houses, 7 condos
• Properties assessed this year: 794 houses, 143 condos
• Elsinore rental potential: up to $2,612 per month for houses
• Nearby comparison - Baturyn HD Price: $719,583 - Lago Lindo HD Price: $428,503

Bottom line: if you haven't checked your HonestDoor Price recently, do it before you make any move. The city's number is a starting point. The HonestDoor Price is where the conversation actually begins.

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.