Lendrum Place, Edmonton - August 2026 Real Estate Report

Lendrum Place Real Talk: Your House Is Worth More Than the City Thinks

If you own a home in Lendrum Place and you're still looking at your city assessment to figure out what it's worth, you're leaving money on the table. Here's what's actually happening on the ground right now.

The Vibe: What the Numbers Are Really Saying

Lendrum Place is a steady, well-priced pocket of southwest Edmonton. We're not seeing the wild swings of some newer suburbs, but that's the point - this neighbourhood holds its value. With 598 properties assessed and 17 transactions recorded in 2026, there's real activity here, not just noise.

The neighbourhood is growing at 0.10% year over year. That matches Pleasantview and beats Malmo Plains. Parkallen is close but slightly behind too. We're not the flashiest number on the board, but we're consistent - and in real estate, consistent beats flashy most of the time.

Houses: A Sellers' Market With a Catch

The house market in Lendrum Place right now is genuinely interesting. The one sale this month closed at $850,000 - up 28.5% from last month - and it sold for 100.01% of list price. Buyers paid over asking. That's a sellers' market signal, full stop.

• Average sale price this month: $850,000
• Average list price: $849,900
• Price per square foot: $602
• Sale-to-list ratio: 100.01% - buyers paid above asking
• Days on market: 43 days average
• Predicted market value (HonestDoor): $584,523
• 3-month moving average: $573,921 - values are climbing
• Rental yield: 5.47% - that's a strong return for a house
• Estimated monthly rent: $2,852
• Growth rank: 26 out of 292 Edmonton neighbourhoods
• Price rank: 57 out of 285 - among the most expensive in the city

One thing worth flagging: homes here are sitting for 43 days on average. Pleasantview is moving in 35 days and Malmo Plains in 28. So while the price signals are strong, the market is taking a bit of a breather on the speed side. If you're selling, pricing sharp from day one matters more here than in some neighbouring hoods.

The growth rank of 26 out of 292 is the stat we'd put on the neighbourhood leaderboard. That puts Lendrum Place houses in the top 9% of Edmonton for value growth. That's not a small thing.

Condos: A Different Story

We'll be straight with you - the condo picture in Lendrum Place is more complicated right now. The HonestDoor Price for condos sits at $993,589, but it's down 2.18% from the previous period. The predicted market value is $1,015,768, and that number is sliding - the 3-month moving average was $1,030,574, so the trend is pointing down, not up.

• Average HonestDoor Price: $993,589 - down 2.18%
• Predicted market value: $1,015,768
• 3-month moving average: $1,030,574 - values are easing
• Recent value change: -2.12%
• Rental yield: 3.40% - moderate, not exceptional
• Estimated monthly rent: $3,432
• Airbnb rank in Edmonton: 30 - strong short-term rental potential
• Growth rank: 245 out of 302 - bottom third in the city right now

The one bright spot for condo owners is the Airbnb ranking - 30th in all of Edmonton is genuinely strong. If you're running a short-term rental or thinking about it, the location works. But on the appreciation side, the condo segment here is taking a breather. Compared to nearby condos in Malmo Plains, Pleasantview, and Parkallen, Lendrum Place condos are priced significantly higher - which means the buyer pool is smaller and the pressure on prices shows.

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

Here's the thing about city assessments - they're a snapshot from months ago, built on sales data that's already old by the time it hits your mailbox. The average assessed value in Lendrum Place for houses is $573,261. The HonestDoor Price is $588,655. That's a $15,394 gap - and it's 2.69% higher than what the city says your home is worth.

That gap is your real-world check. The HonestDoor Price updates in real time, pulling from current market activity instead of last year's numbers. If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the assessment is the wrong number to use. The HonestDoor Price is the one that reflects what a buyer would actually pay today.

With house values up 2.79% recently and the 3-month trend moving upward from $573,921 to $584,523, the gap between the city's view and reality is only going to grow until the next assessment cycle catches up.

The So What: Thinking About Selling This Summer?

For house owners in Lendrum Place, the case for selling this summer is real. You're in the top 9% of Edmonton neighbourhoods for growth. Buyers are paying over asking. And your HonestDoor Price is already running ahead of what the city thinks your home is worth.

The 43-day average days-on-market is the one number to take seriously. This isn't a neighbourhood where you can overprice and wait. Come in sharp, market it well, and the demand is there - one sale at $850,000 with a 100.01% sale-to-list ratio proves that.

For condo owners, the honest advice is to watch the next 60 to 90 days closely. Values are easing, the growth rank is in the bottom third of the city, and the buyer pool for a $993,000-plus condo is thin. If you need to sell, price it to move. If you can hold, the Airbnb potential - ranked 30th in Edmonton - gives you an income option while you wait for the market to find its floor.

Bottom line: Lendrum Place is a strong, established neighbourhood. The house market is performing. The condo market needs patience. And whatever you do, check your HonestDoor Price before you make any move - it's the number that actually reflects today, not last year.

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.