Laredo, Red Deer - August 2026 Real Estate Report

Laredo, Red Deer: Your Neighbour Just Asked If Now Is a Good Time to Sell. Here Is the Honest Answer.

If you own a home in Laredo and you have been going off your last city assessment, you are probably working with a number that does not reflect what buyers are actually paying right now. Here is what the real data says.

The Vibe: What Is Happening in Laredo Right Now?

Laredo is one of the pricier pockets in Red Deer, and the numbers back that up. We are sitting at a price rank of 3 out of 58 neighbourhoods for houses - that means almost every other neighbourhood in the city is cheaper than ours. That is not a small thing. It tells us that buyers who choose Laredo are making a deliberate decision to pay a premium to be here.

The market is taking a breather on the sales side, but do not read too much into that. Here is the full picture, broken down by property type.

Houses in Laredo

• Average HonestDoor Price: $747,378 - up 1.10% from the previous period
• Predicted market value: $739,242 - trending up from the 3-month average of $727,957
• Average sale price this period: $570,333
• Listings averaging: $576,600
• Price per square foot: $353
• Homes are selling at 99.07% of list price - buyers are close to full ask, but just under
• Average days on market: 14 - a days-on-market rank of 5 out of 39 neighbourhoods means we sell fast
• 3 houses sold this period - up 50% from last month
• Rental estimate: $3,258 per month
• Rental yield: 5.28%
• Growth rank: 14 out of 79 neighbourhoods in Red Deer

That growth rank is worth pausing on. Out of 79 comparable neighbourhoods tracked in Red Deer, Laredo houses land in the top 18%. That is a leaderboard position most neighbourhoods would take. Homes are also moving in about two weeks on average, which tells us demand is real - buyers are not sitting on the fence when a Laredo listing hits the market.

The average sale price looks lower than the HonestDoor Price right now, and that gap is partly a small sample story - only 3 sales this period. The predicted market value of $739,242 is the more reliable signal for what your home is actually worth today.

Condos in Laredo

• Average HonestDoor Price: $591,933 - down 0.93% from the previous period
• Predicted market value: $597,506 - trending down from the 3-month average of $613,020
• Average sale price: $650,000
• Price per square foot: $389
• 1 condo sold this period
• Rental estimate: $2,908 per month
• Rental yield: 3.65%
• Price rank: 1 out of 38 condo neighbourhoods in Red Deer - the most expensive
• Growth rank: 53 out of 71 neighbourhoods

The condo picture is more mixed. We hold the top price rank in all of Red Deer for condos - nobody is paying more per unit than in Laredo. But the predicted value has slipped 5.76% recently, and the growth rank of 53 out of 71 puts us in below-average territory for momentum right now. If you own a condo here, the value is still high - it is just not climbing the way it was. Worth keeping an eye on.

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

Here is the thing about city assessments - they are a snapshot from months ago, sometimes longer. They do not update when the market moves. The HonestDoor Price is a real-time estimate that pulls from actual transaction data, current listings, and neighbourhood trends. It is the number a smart buyer or their agent is looking at before they write an offer.

For Laredo house owners, the HonestDoor Price of $747,378 is running above the recent average sale price. That gap matters if you are pricing a listing or deciding whether to refinance. For condo owners, the HonestDoor Price of $591,933 is your real-world check - and right now it is trending slightly down, which is exactly the kind of signal you want to know before you make a move, not after.

Do not wait for the city to mail you a number. Check your HonestDoor Price now at HonestDoor.com.

The So What: Should You Sell in Laredo This Summer?

If you own a house in Laredo, the case for listing this summer is solid. Homes are selling in 14 days on average. Buyers are paying within 1% of list price. The neighbourhood ranks in the top 18% for growth across all of Red Deer. Compared to nearby neighbourhoods like Lonsdale at $485,854 and Lancaster Green at $539,338, Laredo commands a real premium - and buyers know it.

The one thing to watch is that recent sale prices have come in below the HonestDoor Price. With only 3 transactions in the data window, that is a thin sample. Price your home based on the predicted market value of $739,242 and the current HonestDoor Price of $747,378 - not on that lower average sale figure.

If you own a condo, summer is not a bad time to sell given you are still at the top of the Red Deer price ladder. But the downward trend in predicted value means waiting is not obviously in your favour. If you have been thinking about it, sooner beats later right now.

Bottom line - Laredo is still one of the strongest addresses in Red Deer. The data says so. Just make sure the number you are working with is today's number, not last year's.

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.