Queen Alexandra, Edmonton - July 2026 Real Estate Report

Queen Alexandra, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a place in Queen Alexandra and you have not checked your HonestDoor Price lately, you are probably sitting on more equity than your last tax notice suggested. The city's assessment is a snapshot from the past. The real world has moved on.

The Vibe: What Is Actually Happening on Our Streets

Queen Alexandra is a neighbourhood of two stories right now - one for houses, one for condos. Here is the honest breakdown.

Houses: Strong Value, Slow Month

The average sale price for houses came in at $462,500 this month, which looks like a sharp drop on paper. But with only 2 sales recorded, one or two deals can swing that number dramatically. Do not read too much into a single month. The bigger picture is healthier than that headline suggests.

• Average HonestDoor Price: $586,895
• Predicted market value: $582,221 - up from the 3-month average of $573,440
• Price per square foot: $392
• Average days on market: 84 days
• Properties sold for 97.37% of list price - buyers are negotiating, but not by much
• Estimated monthly rent: $2,779 with a rental yield of 5.50%
• Growth rank: 59 out of 302 Edmonton neighbourhoods - that puts us in the top 20%

Homes are taking longer to sell - 84 days is not a fast market. Buyers have some breathing room to negotiate. But the predicted value is still climbing, and a 5.50% rental yield is genuinely strong for Edmonton. If you are holding a house here as a rental, the numbers are working in your favour.

Condos: A Buyer's Window That Will Not Stay Open Forever

The condo side of Queen Alexandra is a different conversation. Prices are up 31.5% from last month, average sale price sits at $226,667, and condos are moving faster than houses - averaging 62 days on market. The HonestDoor Price for condos is $321,075, which is a significant jump above the city's assessed value of $229,876.

• Average HonestDoor Price: $321,075
• Predicted market value: $331,924 - up from the 3-month average of $322,321
• Price per square foot: $257
• Average days on market: 62 days
• Properties sold for 92.47% of list price - there is real room to negotiate here
• Estimated monthly rent: $1,583 with a rental yield of 4.10%
• Growth rank: 125 out of 296 Edmonton neighbourhoods - above average

Condos here are priced below the Edmonton average and below nearby Garneau and Strathcona Junction. For a buyer, that gap is an opportunity. For a seller, it means pricing strategy matters a lot right now.

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

Here is the thing about your city assessment - it is calculated once a year using data that is already months old by the time it lands in your mailbox. It is a tax tool, not a market tool.

The HonestDoor Price updates in real time using actual sales data from Queen Alexandra and the surrounding area. Right now, the average HonestDoor Price for houses in our neighbourhood is $586,895 - that is 6.01% higher than the city's average assessed value. For condos, the gap is even wider. The HonestDoor Price of $321,075 is 39.67% above the city's assessed value of $229,876.

That gap is not a glitch. It is the difference between a government formula and what a real buyer would actually pay for your home today. If you are making any financial decision - refinancing, selling, or just figuring out your net worth - use the HonestDoor Price as your real-world check.

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

If you are a house owner in Queen Alexandra and thinking about listing this summer, here is the straight talk.

The market is taking a breather. Homes are sitting for about 84 days on average, and buyers are landing deals slightly below list price. That does not mean it is a bad time to sell - it means you need to price it right from day one. An overpriced listing will sit. A well-priced one, anchored to the HonestDoor Price of $586,895, will attract serious buyers.

For condo owners, the faster 62-day average and rising month-over-month prices suggest some momentum building. The predicted value of $331,924 is already above the current average sale price, which points to upside if you wait - but the buyers negotiating 7-8% below list price means your asking price needs to be sharp.

Queen Alexandra ranks 59 out of 302 Edmonton neighbourhoods for house price growth. We are not at the top of the leaderboard, but we are firmly in the upper tier. That is a selling point worth putting in your listing description.

• Total transactions in 2026 so far: 36 houses, 30 condos
• 802 properties assessed this year - a well-established, active neighbourhood
• Neighbourhood growth: 0.08% year over year for houses
• Nearby Garneau commands higher prices ($694,127 HonestDoor for houses) - Queen Alexandra offers real value by comparison

Bottom line - Queen Alexandra is not a neighbourhood you sell out of cheaply. Know your real number, price with confidence, and do not let an outdated assessment be the anchor on your biggest asset.

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.