Kensington, Edmonton - August 2026 Real Estate Report

Kensington, Edmonton: Your House Is Worth More Than the City Thinks

If you own a home in Kensington and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment is one number. What buyers are actually paying is another. Right now, those two numbers are not even close.

The Vibe: What Is Actually Happening on Our Streets

Kensington is a tale of two property types this season, and the story is worth paying attention to whether you own a house or a condo.

Houses - Steady, Fast, and Sellers Are Winning

If you have been watching the "For Sale" signs in Kensington, here is what is actually happening with houses. Things are moving - fast.

• Average sale price: $418,480
• Average list price this month: $409,900
• Price per square foot: $382
• Homes are selling at 100.60% of list price - buyers are paying over asking
• Average days on market: 6 days
• Properties sold in 2026: 59 transactions across the neighbourhood
• Predicted market value: $383,445 - up from the 3-month average of $381,400
• Rental yield: 5.85% - that is strong by Edmonton standards
• Estimated rent: $2,000 per month

Six days on market. That is not a slow market taking a breather - that is buyers ready to move. Our houses are ranking 5th out of 108 Edmonton neighbourhoods for speed of sale. That is elite territory. On the neighbourhood growth leaderboard, Kensington houses sit at 136 out of 292, which puts us in the above-average tier for Edmonton. Not the top of the pack, but solidly ahead of the middle.

Condos - Higher Value, But Worth Watching Closely

The condo picture in Kensington is more nuanced. We only saw 1 sale this month, and the average sale price came in at $275,000 - down 14.9% from last month. With just one transaction, that single data point moves the needle a lot. Do not read too much into one sale.

• Average sale price: $275,000
• Price per square foot: $272
• Properties sold at exactly 100% of list price
• Average days on market: 23 days
• HonestDoor Price average: $791,983
• Predicted market value: $809,232 - up from the 3-month average of $783,885
• Estimated rent: $2,950 per month
• Rental yield: 3.75%
• Airbnb rank in Edmonton: 37th - that is top-tier short-term rental potential

Condos are taking 23 days to sell compared to 18 days in nearby Carlisle. That slight slowdown, combined with the price dip, suggests the condo side is in a more balanced spot right now. But the predicted value trend is still climbing, and that Airbnb ranking of 37th in all of Edmonton is a serious number for anyone thinking about short-term rental income.

On the condo growth leaderboard, Kensington ranks 77 out of 302 Edmonton neighbourhoods. That puts us in the top 26% citywide. Our condo price rank sits at 54 out of 218 - above average in Edmonton, which tells you this is not a budget condo market.

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

Here is the thing about your city assessment. It is a snapshot from the past. It does not know what a buyer offered last Tuesday. It does not factor in what is happening on your specific block right now.

For houses in Kensington, the average city assessment sits at $366,958. The average HonestDoor Price is $387,891 - that is $20,933 higher, and it has grown 1.24% since the last period. For condos, the gap is even more striking. The average assessed value is $236,550, while the HonestDoor Price averages $791,983. That is a 234.81% difference. The city's number and the real-world number are not in the same conversation.

The HonestDoor Price pulls from actual transaction data, current listing activity, and real-time market signals. It is the number a serious buyer or seller should be looking at - not a figure calculated months ago for tax purposes. Think of it as your real-world check against a static government estimate.

The "So What?" - Should You Sell This Summer?

If you own a house in Kensington and you are thinking about selling, the conditions are about as good as they get. Homes are gone in 6 days. Buyers are paying over list price. Inventory is tight enough that you have real leverage. Waiting for the market to get "better" is a gamble when it is already this competitive.

For condo owners, the picture calls for a bit more patience and strategy. The market is balanced rather than red-hot, and pricing it right from day one matters more right now. The good news is that the predicted value trend is still moving up, and Kensington condos rank above average in Edmonton on price - so you are not selling from a weak position.

Either way, the first move is the same. Pull your HonestDoor Price before you call an agent, set a list price, or make any decisions. Knowing your real number - not the city's old number - is how you walk into any negotiation with confidence.

• Neighbourhood growth year over year: 0.08% (houses), 0.11% (condos)
• Total transactions in 2026: 59 houses, 17 condos
• Properties assessed this year: 1,146 houses, 191 condos
• Average Airbnb estimate: $100 per night (houses), $144 per night (condos)
• Average rental estimate: $2,021 (houses), $2,896 (condos)

Kensington is not the flashiest neighbourhood on the Edmonton leaderboard, but it is consistent, fast-moving on the house side, and priced above the city average on condos. That is a solid place to be heading into summer.

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.