Lendrum Place, Edmonton - September 2026 Real Estate Report

Lendrum Place, Edmonton: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Lendrum Place and you're still going off your city assessment, you're probably working with the wrong number. Here's what's actually happening on the ground right now.

The Vibe: What the Market Is Doing in Our Neighbourhood

Lendrum Place is holding its own in Edmonton's west side, but the story is different depending on whether you own a house or a condo. Let's break it down.

Houses: Fast-Moving, But Prices Are Taking a Breather

If you've been watching the "For Sale" signs in Lendrum Place, here's what's actually happening. Houses are selling fast - we're talking an average of 13 days on market, which ranks 12th out of 112 Edmonton neighbourhoods. That's a top-tier speed stat. Buyers are not sitting on their hands here.

That said, the average sale price of $650,000 is down 23.5% from last month. Before you panic - only 1 house sold this month, so that swing is more about a thin sample than a market collapse. The HonestDoor predicted value of $588,655 is actually trending up from the 3-month moving average of $580,604, which is the more reliable signal to watch.

• Average sale price: $650,000
• Price per square foot: $488
• Average days on market: 13
• Properties sold at list price: 100%
• HonestDoor predicted value: $588,655
• 3-month moving average: $580,604
• Estimated monthly rent: $2,869
• Rental yield: 5.46%
• Growth rank: 98 out of 291 Edmonton neighbourhoods - above average
• Price rank: 45 out of 285 - among the most expensive in Edmonton
• Days-on-market rank: 12 out of 112 - very fast-selling

That 5.46% rental yield is genuinely strong. If you're an investor eyeing Lendrum Place houses, the numbers are working in your favour right now.

Condos: Premium Prices, But Watch the Trend

Condos in Lendrum Place are a different animal. The average HonestDoor Price sits at $995,399 - that's not a typo. We're talking near-million-dollar condo territory, which puts us in a very different league from nearby neighbourhoods. Malmo Plains condos average $227,783. Pleasantview sits at $322,609. Parkallen is at $238,917. Lendrum Place condos are in a class of their own on this side of the city.

But here's the honest part. The predicted market value of $993,589 is sliding - it's down from the 3-month moving average of $1,015,719, and values have dipped 2.18% recently. The growth rank of 203 out of 302 puts condos in below-average territory for Edmonton right now. The rental yield of 3.40% is moderate, not spectacular. This market is taking a breather.

• HonestDoor Price: $995,399 (up 0.18% from previous period)
• Predicted market value: $993,589
• 3-month moving average: $1,015,719
• Estimated monthly rent: $3,369
• Rental yield: 3.40%
• Airbnb estimate: $167 per night - ranked 30th in Edmonton
• Growth rank: 203 out of 302 - below average

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

Here's the thing about your city assessment. It's a snapshot taken months ago, using data that's even older than that. It does not know what happened on your street last Tuesday. The average assessed value for Lendrum Place houses sits at $573,261, but the HonestDoor Price is $566,858 - already 1.12% lower. That gap matters when you're making a real financial decision.

The HonestDoor Price updates in real time. It pulls in actual transaction data, current market movement, and what comparable properties are doing right now. With 21 property transactions recorded in 2026 across 598 assessed properties in the neighbourhood, there's real data feeding that number - not a government formula that gets refreshed once a year.

If you're using your assessment to decide whether to sell, refinance, or even just understand your net worth, you're working with a rearview mirror. The HonestDoor Price is the windshield.

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

For house owners in Lendrum Place, the case for listing this summer is real. Homes are selling in under two weeks, buyers are paying full list price, and we rank in the top 16% of Edmonton neighbourhoods for price. The market isn't on fire, but it's not cold either - it's a balanced market that still rewards a well-priced, well-presented home.

The neighbourhood growth rate of 0.10% year over year is modest - Pleasantview and Parkallen are growing at similar or slightly slower rates, so we're not losing ground to our neighbours. But we're not sprinting ahead either. If you've been waiting for the "perfect time," a fast-moving market with 13-day average sales is about as close as you'll get.

For condo owners, the honest advice is to watch the next 60 to 90 days closely. Values are dipping from their recent peak, and the growth rank suggests the momentum has slowed. That doesn't mean panic - a $993,000 predicted value is still exceptional. But if selling is on your radar, sooner likely beats later while prices hold near that level.

Bottom line - check your HonestDoor Price before you do anything else. It takes 30 seconds and it's the most current number you'll find. Your assessment is history. Your HonestDoor Price is today.

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.