Larkspur, Edmonton - July 2026 Real Estate Report

Larkspur Real Estate Check-In: Solid Ground, But Watch the Details

If you live in Larkspur and you haven't looked at your property's real market value lately, now is a good time to pay attention. The city's assessment number and what your home would actually sell for today are two different things - and the gap is telling a story worth knowing.

The Vibe: Houses vs. Condos - Two Very Different Rides Right Now

We're seeing a split in Larkspur depending on what you own. Houses and condos are moving in opposite directions this month, and that matters a lot if you're thinking about making a move.

Houses: Taking a Breather

The house market in Larkspur is cooling off a bit. Here's the snapshot:

• Average sale price: $432,250 - down 3.8% from last month
• Average list price: $484,900
• Price per square foot: $360
• Homes are selling at 98.99% of list price - buyers are getting a small discount
• Average days on market: 34 days
• 4 properties sold this month - up 33.3% from last month
• HonestDoor predicted value: $485,381
• Estimated monthly rent: $2,464 with a rental yield of 5.67%
• Growth rank: 174 out of 302 neighbourhoods in Edmonton

Prices dipped and homes are sitting a little longer. That said, 33% more sales than last month tells us buyers are still out there - they're just being pickier. The 5.67% rental yield is genuinely strong if you're thinking about holding rather than selling. That's not a number to ignore.

Condos: Quietly Picking Up Steam

Our condo market is a different story. Prices are climbing and the HonestDoor predicted value is trending upward. Here's where we stand:

• Average sale price: $276,143 - up 7.9% from last month
• Average list price: $276,300
• Price per square foot: $253
• Condos are selling at 97.54% of list price
• Average days on market: 36 days
• 7 properties sold this month
• HonestDoor predicted value: $233,345 - trending up from the 3-month average of $231,471
• Estimated monthly rent: $1,265 with a rental yield of 4.28%
• Growth rank: 107 out of 296 neighbourhoods - above average in Edmonton

Condos are moving in the right direction. The predicted value is climbing, sales are up, and we rank above average for growth across the city. The one thing to note: the HonestDoor Price of $230,179 sits below the city's assessed value of $236,208. That gap is worth understanding before you make any decisions based on your tax notice alone.

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

Here's the thing about your city assessment - it's a snapshot from months ago, built on formulas that don't know your specific street, your renovated kitchen, or what sold two blocks over last Tuesday. It's a starting point, not a final answer.

The HonestDoor Price is updated in real time using actual market activity. For houses in Larkspur right now, the HonestDoor Price of $490,555 runs 2.08% higher than the average city assessment. That's roughly $10,000 in value that your tax notice is leaving on the table. For condo owners, the picture flips - the HonestDoor Price of $230,179 is actually 2.55% below the assessed value, which means some condo owners could be paying property tax on a value that's higher than what the real market supports.

Either way, knowing your HonestDoor Price right now - not next spring when the new assessment arrives - gives you a real-world check on where you actually stand.

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

If you own a house in Larkspur and you're eyeing a summer sale, the honest answer is: price it sharp. With homes selling at 98.99% of list and the average sale price down 3.8% this month, buyers have a little leverage. That doesn't mean it's a bad time to sell - 34 days on market is still reasonable and transaction volume is picking up. But overpricing will cost you time, and time costs money.

If you own a condo, the momentum is actually in your favour right now. Prices are up 7.9% month over month, the predicted value is climbing, and we rank above average on the Edmonton neighbourhood leaderboard for growth. Listing while that wind is at your back makes sense.

One more thing worth knowing: our neighbours in Wild Rose are running slightly higher house prices ($540,054 HonestDoor Price) and faster growth. Jackson Heights is similar. Larkspur sits in a competitive middle ground - not the cheapest, not the priciest, which actually makes it an easier sell to a wide range of buyers.

Bottom line: check your HonestDoor Price before you call an agent, set a list price, or assume your tax assessment tells the whole story. In a market moving this fast, last year's number is already old news.

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.