Ramsay Heights, Edmonton - July 2026 Real Estate Report

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

The Vibe Right Now

If you've been watching the "For Sale" signs in Ramsay Heights, here's what's actually happening. The market is split into two very different stories depending on whether you own a house or a condo. Let's break it down.

Houses - Taking a Breather, But Still Holding Value

We saw only 2 house sales this month, down 33% from last month, and the average sale price came in at $377,000 - a 15.8% drop from the previous period. That sounds alarming, but with only 2 sales, one outlier can swing the whole average. Don't panic over a small sample size.

What matters more is that homes are sitting on the market for an average of 43 days, and buyers are paying about 97.5 cents on every dollar of list price. That tells us buyers have a little more room to negotiate right now. It's a cooling market - not a crashing one.

• Average sale price: $377,000
• Average list price: $458,266
• Price per square foot: $258
• Days on market: 43
• Sale-to-list ratio: 97.51%
• Predicted market value (HonestDoor): $682,182
• Rental yield: 5.29%
• Estimated monthly rent: $3,190

The rental story is actually solid. A 5.29% yield on a house is strong by Edmonton standards. If selling isn't the right move right now, holding and renting is a real option worth running the numbers on.

Condos - Stable, But Watch the Trend

Our condo market is quieter. Two sales, essentially unchanged from last month, with an average sale price of $176,500. Buyers are getting about 4.4% off list price, and condos are moving in around 33 days - faster than houses, which is a good sign for liquidity.

The concern here is the direction. The predicted market value of $184,236 is drifting below the 3-month moving average of $186,045, and values have slipped 1.85% recently. It's not a freefall, but it's a trend worth watching if you're a condo owner thinking about timing your exit.

• Average sale price: $176,500
• Average list price: $184,500
• Price per square foot: $182
• Days on market: 33
• Sale-to-list ratio: 95.60%
• Predicted market value (HonestDoor): $184,236
• Rental yield: 4.30%
• Estimated monthly rent: $1,000

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

Here's the thing most Ramsay Heights homeowners don't realize. The city's assessed value for houses in our neighbourhood sits at an average of $636,046. The HonestDoor Price? $700,434. That's a gap of over $64,000 - roughly 10% more than what the city has on file.

Government assessments are snapshots frozen in time. They don't update in real-time, and they don't reflect what a buyer would actually pay for your home today. The HonestDoor Price is the real-world check - it pulls in current market signals to give you a live estimate, not last year's guess.

For condos, the story flips. The city's average assessed value is $249,286, but the HonestDoor Price is $185,691 - about 25.5% lower. If you're a condo owner paying property tax based on that higher assessed value, that gap is worth a conversation with the city about your assessment.

Bottom line: don't make a six-figure decision based on a number the city calculated months ago. Check your HonestDoor Price first.

The Neighbourhood Leaderboard

Where does Ramsay Heights stack up against the rest of Edmonton? Here's the honest scorecard.

• House growth rank: 167 out of 302 neighbourhoods - below average, sitting in the bottom half of the city leaderboard
• House days-on-market rank: 41 out of 103 - top 40%, meaning our houses sell faster than most
• House price rank: 199 out of 285 - below average on price compared to Edmonton overall
• Condo growth rank: 197 out of 296 - below average
• Condo days-on-market rank: 25 out of 108 - top quarter, condos move quickly here

Our neighbours in Rhatigan Ridge, Bulyea Heights, and Brander Gardens are all priced higher for houses - ranging from $769,000 to $795,000 on the HonestDoor scale versus our $700,434. We're the relative value play in this pocket of southwest Edmonton.

So What - Should You Sell This Summer?

If you own a house in Ramsay Heights and you're thinking about listing this summer, the honest answer is: timing matters more than ever right now.

The market is softening. Buyers have more negotiating power than they did six months ago, and with only 13 house transactions recorded in 2026 so far, competition among sellers is real. If you list, price it sharp. Homes sitting at inflated list prices are the ones collecting dust for 43-plus days.

The good news is that your HonestDoor Price of $700,434 - up 2.68% from the previous period - suggests the underlying value of Ramsay Heights houses is still moving in the right direction, even if the sales data is choppy month to month. A well-priced, well-presented home can still get close to full value.

For condo owners, the calculus is tighter. Values are drifting down slightly, and the HonestDoor Price of $185,691 is already well below the city's assessed value. If you're planning to sell, sooner is probably better than later while the market is still stable. Waiting for a rebound that isn't clearly in the data yet is a gamble.

Either way, start with your HonestDoor Price. It's the most current number you have - and in a market like this, current is everything.

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.