Ermineskin, Edmonton - July 2026 Real Estate Report

Ermineskin, Edmonton: Your Home Is Worth Way More Than The City Thinks

If you own a home in Ermineskin and you have not checked your HonestDoor Price lately, stop what you are doing. The gap between what the city says your place is worth and what the real world says is not small. It is massive. And that gap is money sitting on the table.

The Vibe: What Is Actually Happening in Our Neighbourhood

Ermineskin is a split story right now. Houses and condos are moving in very different directions, and knowing which side you are on changes everything about your next move.

Houses: Sellers Are Running the Show

If you have been watching the "For Sale" signs in Ermineskin, here is what is actually happening on the house side. Buyers are paying above asking. The average sale price hit $425,754 this month - up 2.0% from last month - and homes are selling for 100.20% of list price. That means the person down the street did not just get their asking price. They got more than it.

• Average sale price: $425,754 (up 2.0% month over month)
• Average list price this month: $598,800
• Price per square foot: $276
• Sold-to-list ratio: 100.20% - buyers are paying over asking
• Average days on market: 11 days
• Properties sold this month: 4 (up 33.3% from last month)
• Predicted market value: $797,132
• 3-month moving average: $781,116 - the trend is climbing
• Rental yield: 5.63% - strong returns for investors
• Estimated monthly rent: $2,785

Eleven days on market is fast. Steinhauer next door is moving at 8 days, so we are not the fastest block on the street, but we are close. The predicted market value of $797,132 is already climbing past the 3-month average of $781,116. That is momentum, not a fluke.

On the neighbourhood leaderboard, Ermineskin houses rank 108 out of 302 Edmonton neighbourhoods for growth - solidly above average. For days on market, we rank 10 out of 103. That is a top-10 ranking. Houses here move fast when they hit the market.

Condos: A Breather, But Not a Bust

The condo side is taking a breather. Four condos sold this month - down 33.3% from last month - and they are sitting on the market for an average of 60 days. Buyers have a bit more leverage here, with the sold-to-list ratio coming in at 97.65%. That said, the average sale price jumped 28.7% to $285,750, so the units that are selling are selling well.

• Average sale price: $285,750 (up 28.7% month over month)
• Average list price this month: $291,175
• Price per square foot: $285
• Sold-to-list ratio: 97.65% - slight room to negotiate
• Average days on market: 60 days
• Properties sold this month: 4 (down 33.3% from last month)
• Predicted market value: $319,810
• Rental yield: 4.21% - moderate but still positive
• Estimated monthly rent: $1,482

The predicted condo value of $319,810 is sitting just below the 3-month moving average of $320,581. A small dip, not a freefall. Condo growth ranks 195 out of 296 Edmonton neighbourhoods - below average for now. If you own a condo here and are thinking about selling, patience and sharp pricing will matter more than it did six months ago.

The Secret Sauce: Your HonestDoor Price vs. That City Assessment

Here is the number that should make every Ermineskin homeowner sit up straight. The city's average assessed value for a house here is $410,702. The average HonestDoor Price is $768,153. That is an 87.03% gap. In dollar terms, we are talking about a difference of roughly $357,000 per property.

Your city assessment is a snapshot taken months ago using a formula that does not know your renovated kitchen, your new deck, or what your neighbour's place just sold for last Tuesday. The HonestDoor Price pulls from real, current transaction data to give you a live read on what your home is actually worth right now.

For condos, the gap is smaller but still real. The average city assessment sits at $232,259. The average HonestDoor Price is $325,093 - nearly 40% higher. And unlike the house side, condo HonestDoor Prices are actually up 1.65% from the previous period.

Bottom line: if you are making any financial decision based on your tax assessment alone - whether that is refinancing, selling, or just knowing your net worth - you are working with old information. Check your HonestDoor Price. It is the real-world number.

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

If you own a house in Ermineskin and you are thinking about listing this summer, the conditions are about as good as they get. Buyers are paying over asking. Homes are moving in under two weeks. The predicted value is climbing. You are in a top-10 neighbourhood in Edmonton for how fast houses sell. That is not a bad hand to play.

A few things to keep in mind before you plant that sign in the lawn:

• Price it right from day one - buyers are informed and the sold-to-list ratio shows they will pay fair value, not inflated value
• Your HonestDoor Price of $768,153 on average is the benchmark to start the conversation with your agent, not the city's $410,702
• With only 13 house transactions recorded in 2026 so far, inventory is tight - that works in a seller's favour
• Nearby Steinhauer and Keheewin are both priced lower, which means buyers who get outbid there may come looking here next

If you own a condo, the summer picture is a bit more patient. Sixty days on market means you need a competitive price and a clean listing. The good news is that your HonestDoor Price is still 39.97% above what the city assessed you at, and the sale prices are trending up sharply month over month. Do not undersell yourself - just be realistic about the timeline.

Ermineskin is not flashy. It is a solid, established neighbourhood where the numbers are quietly working in homeowners' favour - especially if you own a house. Check your HonestDoor Price, know what you actually have, and make your move from a position of real information.

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.