Ormsby Place, Edmonton - July 2026 Real Estate Report

Ormsby Place, Edmonton: Your House Is Worth More Than the City Thinks

If you have been glancing at your city assessment and assuming that is what your home is worth, it is time for a reality check. The numbers coming out of Ormsby Place right now tell a very different story - and for most homeowners here, it is a good one.

The Vibe: What Is Actually Happening on Our Streets

Ormsby Place is running two very different markets right now, depending on whether you own a house or a condo. Here is the honest breakdown.

Houses - Sellers Are Winning

If you own a house in Ormsby Place, the market is working in your favour. Homes are selling fast and for more than asking price.

• Average sale price: $565,750 - up 13.7% from last month
• Average list price this month: $561,975
• Price per square foot: $365
• Sale-to-list ratio: 100.22% - buyers are paying above asking
• Average days on market: 13 days
• Properties sold in 2026: 43 transactions
• Predicted market value: $624,975
• Estimated monthly rent: $2,742 with a rental yield of 5.59%

Thirteen days on market is quick. We are selling faster than Lymburn (14 days) and only slightly behind Dechene (8 days). Buyers are not dragging their feet here. The fact that homes are going above list price tells us demand is real, not just on paper.

The growth rank is where things get interesting. Ormsby Place houses rank 39 out of 302 neighbourhoods in Edmonton for price growth. That puts us in the top 13% of the city. On the neighbourhood leaderboard, we are near the top of the pack.

Condos - A Buyer's Window, But Values Are Climbing

The condo side of Ormsby Place is a different story. It is a buyers' market right now, but values are still creeping up - which matters if you are thinking about your exit.

• Average sale price: $200,000 - up 1.4% from last month
• Average list price this month: $182,450
• Price per square foot: $236
• Sale-to-list ratio: 96.28% - buyers are negotiating below asking
• Average days on market: 36 days
• Properties sold in 2026: 35 transactions
• Predicted market value: $201,917
• Estimated monthly rent: $1,105 with a rental yield of 4.32%

Condos are taking longer to move and selling below list price. That is the honest truth. But the 3-month moving average is $200,999, and the predicted value is already above that at $201,917, so the direction is still upward. Condo growth ranks 92 out of 296 Edmonton neighbourhoods - above average, not a laggard.

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

Here is the thing about your city assessment. It is a snapshot from months ago, built on a formula that does not know what happened on your street last Tuesday. It is not wrong on purpose - it is just slow.

For houses in Ormsby Place, the average city assessment sits at $469,271. The average HonestDoor Price is $624,232. That is a gap of 33.02%. If you are making any financial decision - refinancing, selling, even just knowing your net worth - using the city number means you are working with information that undersells your property by roughly $155,000.

For condos, the picture is tighter. The average assessed value is $198,309 and the HonestDoor Price is $197,585 - essentially the same, with a slight dip of 2.15% from the previous period. The city got close on condos, but the HonestDoor Price is still the more current read.

The HonestDoor Price updates in real time using actual transaction data. It is the number that reflects what a buyer would actually put on a contract today - not what a government formula estimated last year.

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

For house owners, this summer looks like a strong window. Prices are up, buyers are paying over asking, and we are sitting in the top tier of Edmonton's growth leaderboard. With a predicted market value of $624,975 and a 3-month moving average of $610,144 trending upward, the momentum is on your side right now.

The Airbnb potential ($136 per night) and rental yield of 5.59% also mean that if you are not selling, holding the property still makes financial sense. Buyers know this too, which is part of why they are willing to go above list price.

For condo owners, the summer market asks for a bit more patience. Buyers have options and they know it - that 96.28% sale-to-list ratio means you will likely need to price sharp to move quickly. The 36-day average time on market is not alarming, but it does mean you should list with a realistic number, not a hopeful one. The good news is that values are still climbing, so waiting a few months is not a penalty.

Either way, the first step is checking your HonestDoor Price before you do anything else. For houses especially, the gap between what the city says and what the market will actually pay is too big to ignore.

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.