Ramsay Heights, Edmonton - August 2026 Real Estate Report

Ramsay Heights Real Talk: Your Home Is Worth More Than the City Thinks

If you own a home in Ramsay Heights and you have not checked your HonestDoor Price lately, here is the short version: the city says your house is worth one thing, and the real market says something noticeably different. That gap is worth knowing about - especially if you are thinking about making a move this year.

The Vibe: What Is Actually Happening in Our Neighbourhood

Ramsay Heights is not a neighbourhood that makes a lot of noise, but the numbers are quietly telling a solid story. We have 791 assessed properties here, and the market is doing what a mature, established area tends to do - hold its value and move steadily. Year-over-year neighbourhood growth sits at 0.04% for houses, which is not flashy, but it is stable. Think of it as the neighbourhood taking a slow, confident walk rather than a sprint.

One thing worth flagging: our house growth rate ranks 29 out of 292 comparable neighbourhoods in Edmonton. That puts us in the top 10% of the city for value momentum. That is a leaderboard stat worth talking about at the next block party.

Houses: A Buyers Market With a Silver Lining for Sellers

Here is what the house numbers look like right now in Ramsay Heights:

• Average sale price: $377,000
• Average list price this month: $458,266
• Price per square foot: $258
• Homes are selling at 97.51% of list price - buyers are getting a small discount
• Average days on market: 43
• Only 2 houses sold recently, which is a thin slice of activity
• Predicted market value (HonestDoor): $700,434
• 3-month moving average: $688,563 - and the trend is moving up
• Estimated monthly rent: $3,255 with a rental yield of 5.25%

The sale price and the HonestDoor predicted value are telling two different stories right now. Sales are coming in around $377,000, but the predicted market value is sitting at $700,434. That gap reflects the low volume of transactions - with only 2 sales, one or two deals can skew the average hard. The HonestDoor Price smooths that out using a much broader data set, which is why it is a more reliable read on what your home is actually worth today.

The 5.25% rental yield is genuinely strong. If you are an investor or thinking about renting before selling, that number is worth paying attention to.

Condos: Fast-Moving but Worth Watching

The condo picture in Ramsay Heights is a bit more nuanced. Here is the snapshot:

• Average sale price: $425,000
• Average list price this month: $429,000
• Price per square foot: $308
• Condos are selling at 99.07% of list price - nearly full ask
• Average days on market: 21 days
• Only 1 condo sold recently, down 50% from last month
• Predicted market value (HonestDoor): $185,691
• 3-month moving average: $185,877 - values are essentially flat, with a very slight dip
• Estimated monthly rent: $1,006 with a rental yield of 4.30%
• Days-on-market rank: 15 out of 111 neighbourhoods - condos here sell very fast

The condo market here is a bit of a tale of two numbers. The recent sale price of $425,000 is well above the HonestDoor predicted value of $185,691. With only 1 transaction to work with, that sale price is not a reliable trend - it is a single data point. The HonestDoor Price, built on a much larger pool of data, gives us a more grounded read. Condo values are holding steady, and the 4.30% rental yield is moderate but respectable.

One flag: condos are taking slightly longer to sell here than in nearby Bulyea Heights (21 days vs. 16 days). Not alarming, but worth noting if you are planning to list.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

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. The market does not wait for the city to catch up.

For houses in Ramsay Heights, the average city assessment is $636,046. The average HonestDoor Price is $702,597. That is a difference of roughly $66,500 - and the HonestDoor Price is updated in real time using actual market signals, not a government formula that runs on a one-year delay.

For condos, the picture flips. The city assessment averages $249,286, while the HonestDoor Price sits at $187,346. That means some condo owners here may be paying property taxes based on a value that is higher than what the market would actually support. That is the kind of thing worth knowing before your next assessment appeal window opens.

The HonestDoor Price is not a guess. It is the real-world check that tells you where the market actually is - not where a government spreadsheet thinks it was six months ago.

The So What: Should You Sell in Ramsay Heights This Summer?

If you own a house here and you are thinking about selling, here is the honest read.

The market is stable, not hot. Buyers are getting a small discount off list price, and homes are sitting for about 43 days on average. That means you need to price smart from day one - overpricing will cost you time, and time costs money. The good news is that our growth rank (top 10% in the city) means buyer interest in this area is real. We are not a neighbourhood people are walking away from.

Compared to nearby areas, Rhatigan Ridge, Bulyea Heights, and Brander Gardens are all priced higher than us. That makes Ramsay Heights a relative value play for buyers who want a similar quality of neighbourhood without the premium price tag. That is a selling point you can actually use.

For condo owners, the fast days-on-market stat (15th fastest in Edmonton) is encouraging. If you price it right, a well-presented condo here can move quickly. Just make sure your list price reflects the HonestDoor Price range, not wishful thinking.

Bottom line: summer 2025 in Ramsay Heights is a window for sellers who are realistic about pricing and ready to move. It is not a market where you can throw a number on the wall and wait. But if you come in sharp, the buyers are out there.

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.