Prince Charles, Edmonton - August 2026 Real Estate Report

Prince Charles, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

If you own a home in Prince Charles and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The city's assessment says one thing. The real market says something a little different - and right now, that difference is worth knowing about.

The Vibe: What's Actually Happening on Our Streets

Prince Charles is a steady, no-drama neighbourhood. We're not seeing the wild swings that make headlines, but we're also not sitting still. Here's the split between houses and condos right now:

Houses: Affordable, Fast, and Quietly Holding Value

If you've been watching the "For Sale" signs in Prince Charles, here's what's actually happening with houses. They're moving fast - days on market is averaging just 13 days, which puts us at rank 12 out of 108 Edmonton neighbourhoods for speed. That's a top-tier number. When a house hits the market here, buyers are not sleeping on it.

• Average HonestDoor Price: $440,386
• Predicted market value: $434,721
• Average assessed value: $431,240
• Recent sale price average: $210,000
• Price per square foot: $218
• Homes selling at: 95.42% of list price
• Average days on market: 13 days
• Estimated monthly rent: $2,170
• Rental yield: 5.76%
• Price rank in Edmonton: 274 out of 285 - among the most affordable
• Growth rank: 177 out of 292 - below average on the neighbourhood leaderboard

The 5.76% rental yield on houses is genuinely strong. If you're an investor or thinking about holding rather than selling, that number means your property is pulling real income - not just sitting there appreciating slowly. The market here is a buyers' market right now, which means sellers need to price sharp. But the speed of sales tells us demand is real.

Condos: Higher Price Point, Taking a Breather

Our condo market is a different story. Prince Charles condos are sitting at rank 29 out of 218 in Edmonton for price - meaning we're near the top of the city for condo values. That's a strong position to be in. But values have dipped 1.97% recently, and the predicted market value of $329,531 is sliding slightly below the 3-month average of $332,652. The market is taking a breather.

• Average HonestDoor Price: $328,991 (down 0.16% from last period)
• Predicted market value: $329,531
• Average sale price: $415,000
• Average list price: $489,900
• Price per square foot: $467
• Condos selling at: 97.98% of list price
• Average days on market: 35 days
• Estimated monthly rent: $1,732
• Rental yield: 4.11%
• Price rank in Edmonton: 29 out of 218 - among the most expensive condos in the city
• Growth rank: 239 out of 302 - below average on the neighbourhood leaderboard

Condos are taking about 35 days to sell, which is still moderately fast by Edmonton standards. But with values softening and the gap between list price and sale price tightening, condo sellers need to be realistic about where they price. The 4.11% rental yield is moderate - decent, but not the standout number we see on the house side.

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 from months ago, calculated using broad formulas across thousands of properties. It doesn't know that your neighbour just renovated their kitchen, or that buyer demand on your block has shifted since January.

The HonestDoor Price updates in real time. For houses in Prince Charles, it's sitting at $440,386 - that's $9,146 higher than the average city assessment of $431,240. That's a 2.12% gap. On a real transaction, that difference matters. It could be the difference between pricing your home to sit, or pricing it to sell in 13 days like the current average.

The city assessment is a tax tool. The HonestDoor Price is a market tool. If you're making any financial decision about your home - refinancing, selling, even just benchmarking your net worth - use the number that reflects what buyers are actually paying today.

The 'So What?': Thinking About Selling This Summer?

If you own a house in Prince Charles and you're thinking about listing this summer, the timing has some real things going for it. Properties are moving in under two weeks on average. Buyers are active. You're in one of Edmonton's most affordable neighbourhoods, which means your pool of qualified buyers is wide.

The catch - buyers are paying about 95 cents on the dollar of list price. So if you overprice, you'll feel it. Price it right from day one and you'll be done before the summer is over.

For condo owners, the picture calls for a bit more patience. Values are softening slightly, and you're looking at closer to 35 days on market. That's not bad, but it means you can't just throw a number on it and wait. Work with your HonestDoor Price as your anchor, not the list prices you're seeing on other units - those are aspirational. The sale prices are the reality.

One more thing worth knowing - Prince Charles sits in a solid spot compared to nearby neighbourhoods. Sherbrooke is cheaper and growing slower. Inglewood is slightly pricier but also growing slower. We're holding our own on the neighbourhood leaderboard, even if we're not at the top of it. For a stable, affordable, fast-moving market, that's a reasonable place to be heading into summer.

• Total properties assessed in Prince Charles: 540
• Total transactions in 2026 so far: 24 houses, 6 condos
• Neighbourhood growth rate: 0.17% year over year
• Average Airbnb estimate: $109 per night (houses), $86 per night (condos)
• Transaction rank in Edmonton: 63 out of all neighbourhoods - we're active

Bottom line - Prince Charles is not a flashy market. It's a real one. And right now, the numbers reward sellers who price honestly and buyers who move quickly.

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.