Schonsee, Edmonton - August 2026 Real Estate Report

Schonsee Real Estate Check-In: Your Neighbour's Assessment Is Already Out of Date

The Vibe Right Now

If you own a home in Schonsee and you haven't looked at your HonestDoor Price lately, now is the time. The city's assessment and what your property is actually worth in today's market are two different numbers - and the gap matters when you're making real decisions about buying, selling, or refinancing.

Houses: Prices Are Moving, But So Is the Clock

Here's what's happening on the house side of Schonsee. The average sale price hit $692,500 this month - that's up 28.2% from last month. Before you get too excited, we're talking about only 2 sales, so that jump reflects a small sample. Still, the direction is up, and listings are sitting at an average of $704,900 right now.

• Average sale price: $692,500 (up 28.2% from last month)
• Average list price: $704,900
• Price per square foot: $377
• Sale-to-list ratio: 98.24% - buyers are paying just under asking
• Average days on market: 82 days
• Properties sold this month: 2

Eighty-two days on market is something to pay attention to. Homes here are taking longer to sell than in faster-moving parts of Edmonton. That said, the HonestDoor predicted value for houses sits at $597,985 - up from the 3-month moving average of $592,767. The trend is pointing in the right direction. On the leaderboard, Schonsee houses rank 78 out of 292 Edmonton neighbourhoods for growth - that puts us solidly above average. Not leading the pack, but ahead of most.

Rental investors, take note. Estimated rent on a Schonsee house is $2,891 per month, with a rental yield of 5.45%. That's a strong return by Edmonton standards.

Condos: Taking a Breather

The condo story in Schonsee is a bit different. Prices dipped 1.1% from last month, with the average sale price landing at $242,750. The HonestDoor predicted value is $237,488, which is actually sliding slightly below the 3-month moving average of $239,569. Not a freefall - but the momentum has cooled.

• Average sale price: $242,750 (down 1.1% from last month)
• Average list price: $252,450
• Price per square foot: $227
• Sale-to-list ratio: 95.97% - buyers are negotiating more room
• Average days on market: 50 days
• Properties sold this month: 2

Condos are moving faster than houses - 50 days versus 82 - and the days-on-market rank of 41 out of 111 confirms that. But the growth rank of 200 out of 302 puts condo values in below-average territory for Edmonton right now. One small bright spot: the HonestDoor predicted value of $237,488 still edges out nearby Crystallina Nera West at $233,102, so we're holding a price advantage over at least one close neighbour.

Rental yield on condos comes in at 4.28%, which is moderate. Estimated rent is $1,288 per month. Not a home run for investors, but not a loss either.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing about your city assessment. It's a snapshot taken months ago, based on data that's even older. It doesn't know what sold on your street last week. It doesn't adjust for the fact that house prices in Schonsee just jumped in the most recent sales data.

For houses, the average city assessment sits at $584,112. The average HonestDoor Price is $595,428 - that's 1.94% higher than what the city has on file. For condos, the gap runs the other way. The average assessed value is $267,391, but the HonestDoor Price is $237,046 - meaning the city may actually be overvaluing condos here by a meaningful margin.

That condo gap is worth paying attention to if you're a condo owner. Your property tax bill is tied to that assessed number. Your HonestDoor Price is the real-world check - updated regularly, based on actual market activity, not a once-a-year government estimate.

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

If you own a house in Schonsee and you're thinking about listing this summer, the timing has some things going for it. Prices are trending up, the HonestDoor Price is above the city assessment, and the rental yield is strong enough that buyers with investment goals are paying attention. The catch is that 82-day average on market - you need to price it right from day one, not start high and chase the market down.

If you own a condo, be realistic. The market is taking a breather. Buyers are negotiating harder - that 95.97% sale-to-list ratio means they're getting roughly $10,000 off asking on a typical deal. If you need to sell, price it sharp. If you can wait, the growth trend may improve.

Either way, pull your HonestDoor Price before you call an agent. Walk into that conversation knowing your real number - not the city's old one.

• Schonsee house growth rank: 78 out of 292 Edmonton neighbourhoods - above average
• Schonsee condo growth rank: 200 out of 302 Edmonton neighbourhoods - below average
• Total transactions in 2026 so far: 55 houses, 17 condos
• Neighbourhood year-over-year growth: 0.05% for houses, 0.09% for condos
• Closest cheaper neighbour for houses: Mayliewan at $541,040 HonestDoor Price

Schonsee is a stable, above-average neighbourhood in Edmonton's north end. It's not the flashiest growth story in the city right now, but it's holding its value where it counts - and for homeowners who know their real numbers, that's exactly where you want to be.

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.