Larkspur, Edmonton - August 2026 Real Estate Report

Larkspur, Edmonton: Your Neighbour Just Got a Better Number Than the City Gave Them

The Vibe Right Now

If you own a home in Larkspur and the last number you checked was your city assessment, you are likely looking at the wrong number. The city's snapshot is already old. The real market is moving, and it is moving differently depending on whether you own a house or a condo. Here is the honest breakdown.

Houses in Larkspur - Taking a Breather, But Still Standing Firm

Only one house sold this month, so take the monthly sale price of $581,400 with some context - one sale can swing a number hard. What matters more is the bigger picture. The HonestDoor Price for houses sits at $490,555, up from the 3-month moving average of $487,462. That is a quiet but steady climb.

• Average HonestDoor Price (Houses): $490,555
• 3-Month Moving Average: $487,462
• Average Listing Price: $599,900
• Price Per Square Foot: $327
• Homes sold for 96.92% of list price - buyers are negotiating, and winning
• Average days on market: 52
• Estimated monthly rent: $2,486 with a rental yield of 5.65%
• Recent value change: up 1.07%

Fifty-two days on market is worth noting. Houses here are sitting longer than in Wild Rose (43 days), which tells us buyers have a bit more breathing room in Larkspur right now. That said, we are moving faster than Kiniski Gardens at 76 days, so demand is real - just not frantic. On the neighbourhood leaderboard, Larkspur houses rank 128 out of 292 for growth in Edmonton. That puts us in the above-average half of the city. Not leading the pack, but not falling behind either.

Condos in Larkspur - Steady Sales, Softer Prices

The condo story is a little different. Seven condos sold this month, prices are holding near $276,143, and listings are almost perfectly matched at $276,300. That kind of alignment between list and sale price tells you this market is stable - not hot, not cold, just steady.

• Average HonestDoor Price (Condos): $227,075
• 3-Month Moving Average: $232,210 - prices are dipping slightly
• Average Sale Price: $276,143
• Price Per Square Foot: $253
• Condos sold for 97.54% of list price
• Average days on market: 36 - faster than Wild Rose at 43 days
• Estimated monthly rent: $1,248 with a rental yield of 4.28%
• Recent value change: down 1.36%

The HonestDoor Price for condos has slipped 1.35% from the previous period and now sits below the city's assessed value of $236,208. That gap matters. The city says your condo is worth more than the current market suggests. On the neighbourhood leaderboard, Larkspur condos rank 220 out of 302 for growth - below average for Edmonton. Condo owners here should be watching this number closely. The good news is that at 36 days on market, condos are still moving at a reasonable pace, and we are beating Wild Rose on speed.

The Secret Sauce - Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about your city assessment: it is calculated once a year using data that is already months old by the time it lands in your mailbox. It does not know what sold on your street last Tuesday. It does not adjust for the fact that house values in Larkspur just ticked up 1.07% or that condo values softened by 1.36%.

The HonestDoor Price updates in real time. For houses, it is currently $490,555 - sitting 2.86% above the average assessed value in Edmonton. That is real money the city's number is not showing you. For condos, the HonestDoor Price is $227,075, which is actually 3.87% below the city's assessed value. That gap in the other direction is just as important - it means condo owners who rely on their assessment alone may be overestimating what a buyer will actually pay today.

Think of the HonestDoor Price as your real-world check. It is what the market is doing right now, not what a government spreadsheet calculated six months ago.

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

If you own a house in Larkspur and are thinking about listing this summer, the window is open but you need to price it right. Buyers are paying about 97 cents on the dollar right now. List too high and you will sit. The average is already at 52 days - price it sharp and you can beat that. With a rental yield of 5.65%, houses here are also genuinely attractive to investors, which expands your buyer pool.

If you own a condo, be honest with yourself about the current direction. Values have dipped 1.36% recently and the HonestDoor Price is trending below the 3-month average. That does not mean you cannot sell - seven condos moved this month and they sold fast. But pricing based on your city assessment could leave you sitting on the market longer than you want. Use the HonestDoor Price as your anchor, not the assessment.

Either way, Larkspur is a real neighbourhood with real demand. Wild Rose and Jackson Heights are both priced higher and growing faster, which means buyers who get priced out of those areas look our way. That is a quiet advantage we should not ignore 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.