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    Paradise, Paradise - August 2026 Real Estate Report

    2026-08-15 00:00 · Your HonestDoor Team

    Paradise, Paradise

    Paradise Real Estate Right Now: What Your Neighbours Are Not Telling You

    If you own a home in Paradise and you have not checked your property value lately, you are probably working off a number that is already out of date. Here is what is actually happening on the ground right now.

    The Vibe: Houses vs. Condos in Paradise

    We are seeing two very different stories playing out depending on what you own here in Paradise.

    Houses are holding steady and quietly climbing. The average HonestDoor Price for a house sits at $387,660, and the predicted market value is pushing up to $390,669 - already above the 3-month moving average of $385,155. That upward trend matters. It means buyer demand is not disappearing. On top of that, our houses rank number 1 out of 8 comparable neighbourhoods in Paradise for growth. That is the top of the leaderboard. If you own a house here, that is a real bragging right.

    • Average HonestDoor Price (Houses): $387,660
    • Predicted Market Value: $390,669
    • 3-Month Moving Average: $385,155
    • Recent Value Change: up 1.62%
    • Average Rental Estimate: $2,027 per month
    • Rental Yield: 5.84% - that is a strong return
    • Airbnb Estimate: $101 per night
    • Growth Rank: 1 out of 8 in Paradise

    Condos are a different conversation. The average HonestDoor Price is $512,736, but it has pulled back 6.46% from the previous period. That said, the predicted market value jumps to $548,164 - well above the 3-month moving average of $514,550 - and recent value change is up a striking 25.73%. So yes, there has been some short-term softness, but the forward-looking number tells a more optimistic story. Condos rank 5 out of 8 in Paradise for growth, which puts us in the middle of the pack right now.

    • Average HonestDoor Price (Condos): $512,736
    • Predicted Market Value: $548,164
    • 3-Month Moving Average: $514,550
    • Recent Value Change: up 25.73%
    • Average Rental Estimate: $2,593 per month
    • Rental Yield: 3.75% - moderate but workable
    • Airbnb Estimate: $129 per night
    • Growth Rank: 5 out of 8 in Paradise

    The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now

    Here is the thing about your city assessment - it is a snapshot taken months ago, sometimes longer. It does not know that house values in Paradise are trending upward right now, or that condo predicted values are sitting nearly $34,000 above the recent moving average. That gap between what the government says your home is worth and what a buyer would actually pay today? That is real money sitting on the table.

    The HonestDoor Price is updated in real time using actual market signals. It is the real-world check against a static government number. If you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the number you want in your hand first.

    Compare us to nearby neighbourhoods and the picture gets even clearer. For houses, St. Thomas is averaging $493,966 and Valley Ridge is at $441,150 - both pricier than Paradise. For condos, Donovan Terrace sits at $508,900 and St. Thomas at $510,967, both slightly below our average. Knowing where Paradise stands on that local leaderboard is exactly the kind of context your tax assessment will never give you.

    The So What: Thinking About Selling This Summer?

    If you own a house in Paradise and you are thinking about listing this summer, the timing is worth a serious look. We are sitting at number 1 in the neighbourhood growth rankings, values are trending up, and rental demand is strong enough to attract buyers who want income potential too. A rental yield of 5.84% is not a number buyers ignore.

    For condo owners, the short-term dip in the HonestDoor Price is worth watching, but the predicted value and the 25.73% recent change suggest the market has not given up on Paradise condos. If you are not in a rush, patience may pay off. If you need to move this summer, price it sharp - buyers in the middle of the leaderboard have options.

    Either way, the first step is simple. Pull your HonestDoor Price today. Do not walk into a listing conversation armed with last year's assessment number when the market has already moved on without it.

    paradise | paradise | august 2026

    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.

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    REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

    Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.

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    REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.


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