Paisley, Edmonton - August 2026 Real Estate Report

Paisley, Edmonton: Your Neighbour's Assessment Is Lying To You

If you own a home in Paisley and you're still going off your city assessment to figure out what your place is worth, it's time for a reality check. The average assessed value here sits at $501,988 - but the average HonestDoor Price tells a different story at $489,475. That's a $12,500 gap, and it matters a lot if you're thinking about selling, refinancing, or just keeping score.

The Vibe: What's Actually Happening in Paisley Right Now

Paisley is a newer south Edmonton neighbourhood with 1,007 assessed properties and 42 transactions recorded in 2026. Growth is ticking along at 0.10% year over year - not explosive, but steady. Think of it as a neighbourhood that's still finding its footing, not one that's stalling out.

Houses: Taking a Breather

Let's be straight with each other. The house market in Paisley is cooling off. Here's what the numbers are saying right now:

• Average sale price: $437,875 - down 20.1% from last month
• Average list price: $447,175
• Price per square foot: $281
• Sold-to-list ratio: 97.95% - buyers are getting small discounts
• Average days on market: 94 days
• Properties sold this period: 4 - down 20.0% from last month
• Predicted market value: $492,565
• 3-month moving average: $487,583 - trending upward
• Rental yield: 5.64% - that is a strong return
• Estimated monthly rent: $2,472
• Recent value change: up 1.71%

Homes are sitting for 94 days on average. That is longer than nearby Graydon Hill at 84 days. Buyers have the upper hand right now - they know it, and the 97.95% sold-to-list ratio confirms it. That said, the predicted value of $492,565 is climbing past the 3-month average of $487,583, which means the floor is not falling out. We are in a slower patch, not a crash.

On the neighbourhood leaderboard, Paisley houses rank 83 out of 292 Edmonton neighbourhoods for growth - that puts us solidly above average. Price rank is 160 out of 285, which is middle of the pack. Days-on-market rank is 82 out of 108, meaning homes here sell slower than most - something sellers need to plan for.

Condos: A Different Animal Entirely

The condo side of Paisley is a much smaller market, but the signals are interesting. Only 1 condo sold this period, so take the trends with some context. Here is the snapshot:

• Average HonestDoor Price: $306,146 - down 4.25% from the previous period
• Average sale price: $269,000
• Average list price: $275,000
• Price per square foot: $327
• Sold-to-list ratio: 97.82%
• Average days on market: 26 days
• Predicted market value: $319,737
• 3-month moving average: $315,015 - trending upward
• Rental yield: 4.16%
• Estimated monthly rent: $1,706
• Recent value change: up 3.04%

Here is the interesting part. While the HonestDoor Price on condos has dipped 4.25%, the predicted value is rising and condos are selling in just 26 days. That days-on-market rank is 20 out of 111 Edmonton neighbourhoods - meaning Paisley condos move faster than almost everyone else. For investors, the 4.16% rental yield is moderate but respectable. On the growth leaderboard, condos rank 68 out of 302 - above average, and ahead of the house ranking.

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

Your city assessment is a snapshot taken months ago using broad formulas. It does not know what sold on your street last week. The HonestDoor Price is updated in real time using actual transaction data - it is a live read of the market, not a government estimate that is already stale by the time it hits your mailbox.

In Paisley right now, the average assessed value is $501,988. The average HonestDoor Price is $489,475. That is a 2.49% difference - and if you price your home based on the assessment, you could be starting the conversation in the wrong place entirely. Buyers are doing their homework. You should too.

For condo owners, the gap is even more worth watching. The HonestDoor Price has dropped 4.25% recently. If you are relying on last year's assessment to anchor your expectations, you may be in for a surprise when offers come in.

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

Here is the honest take for anyone in Paisley considering a summer sale.

For house sellers - the market is slower right now. Ninety-four days on market is a real number, and buyers are negotiating. That does not mean you should wait forever, because the predicted value is climbing and the 3-month trend is positive. But you need to price sharp from day one. Overpricing in a 94-day market is how you end up chasing the market down. Check your HonestDoor Price, not your assessment, before you set your number.

For condo sellers - the story is more encouraging. Twenty-six days on market is fast. Buyers are active in this segment. The HonestDoor Price has softened recently, so pricing at or just below $306,146 rather than above it is likely your best move to capture that quick-sale energy.

For anyone thinking about holding and renting instead - a 5.64% rental yield on a house is genuinely strong. With estimated rents at $2,472 per month, Paisley makes a reasonable case for the buy-and-hold crowd, especially compared to neighbours like Graydon Hill where the HonestDoor Price is higher at $539,776 but rental returns may not stretch as far.

• Neighbourhood growth rank: 83 out of 292 Edmonton neighbourhoods - above average
• Total transaction rank: 45 in Edmonton - a reasonably active market
• Airbnb rank: 242 in Edmonton - short-term rental demand is modest here
• Average assessed value rank: 133 in Edmonton

Bottom line - Paisley is not the hottest market in Edmonton right now, but it is not struggling either. Know your real numbers, price with the current market in mind, and do not let a static city assessment set your expectations. That is how you come out ahead this 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.