South Terwillegar, Edmonton - August 2026 Real Estate Report

South Terwillegar, Edmonton: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you live in South Terwillegar and you have not checked your HonestDoor Price lately, now is the time. The city's assessment says the average house is worth $525,086. The HonestDoor Price says $532,922. That gap - nearly $8,000 - is money that does not show up on your tax notice, but it absolutely shows up when you list.

For condos, the story flips. The city assessed the average condo at $244,040, but the HonestDoor Price sits at $223,359. That means a lot of condo owners in our neighbourhood are sitting on an inflated assessment - which can mean a higher tax bill than the real market actually justifies.

The Vibe: Houses vs. Condos

Houses - Moving Fast and Holding Value

Here is what is actually happening on the house side of our neighbourhood. The average sale price is $514,875, up 0.3% from last month. The predicted market value is $537,941, which is already climbing past the 3-month moving average of $530,641. We are trending in the right direction.

• Average sale price: $514,875
• Average list price this month: $524,425
• Price per square foot: $469
• Homes selling at 98.42% of list price - buyers are close to full ask
• Average days on market: 12 days
• Properties sold this month: 4
• Estimated rent: $2,662 per month
• Rental yield: 5.56%
• Recent value change: up 1.88%

Twelve days on market is not a slow neighbourhood - it is a sharp one. For context, houses in nearby Mactaggart are sitting for 17 days. We are moving faster. Our growth rate ranks 70 out of 292 Edmonton neighbourhoods, which puts us solidly in the top quarter of the city. Our days-on-market rank is 11 out of 108 - that is top tier speed.

Condos - Take a Breath Before You Panic

The condo side is taking a breather. One sale this month, average price of $148,888, and days on market stretched to 62 days. That is longer than nearby Terwillegar Towne at 49 days. The predicted market value of $220,821 is also dipping slightly below the 3-month moving average of $222,689.

• Average sale price: $148,888
• Price per square foot: $232
• Properties sold at 100% of list price
• Average days on market: 62 days
• Estimated rent: $1,194 per month
• Rental yield: 4.28%
• Recent value change: -0.68%

Condo growth ranks 184 out of 302 Edmonton neighbourhoods - below average right now. If you own a condo here and are thinking about selling, timing matters more than it does for house owners. That said, the price rank is 98 out of 218, meaning we are still above average in price compared to other Edmonton condo markets. The bones are solid even if the momentum has slowed.

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

The city does its assessments once a year. The market moves every single week. By the time that assessment notice hits your mailbox, it is already a snapshot of the past - not what a buyer would actually pay you today.

The HonestDoor Price updates in real time using actual transaction data. For houses in South Terwillegar, that means the real-world number is $532,922 - already $7,836 ahead of what the city has on file. If you are making any financial decision based on your assessed value alone, you are working with old information.

For condo owners, the gap works the other way. Your HonestDoor Price of $223,359 is 8.47% below the city's assessed value of $244,040. That is worth knowing if you are considering a sale, a refinance, or even just wondering if your property tax bill is fair.

Think of the HonestDoor Price as the number your neighbour's realtor would actually put on the listing - not the number a government formula spits out once a year.

The So What - Should You Sell This Summer?

If you own a house in South Terwillegar, the case for listing this summer is real. Homes are selling in 12 days on average. The predicted value is rising. You are in a neighbourhood that ranks 11th in all of Edmonton for selling speed - that is not luck, that is demand. With 90 house and condo transactions already recorded in 2026 across 2,100 assessed properties, there is genuine activity here.

Compared to nearby options, Mactaggart is priced significantly higher at $974,378 for houses but takes longer to sell. Terwillegar Towne is slightly more expensive at $595,956. South Terwillegar sits in a sweet spot - competitive price, fast sales, and a rental yield of 5.56% that makes it attractive to investors too if your buyer pool ends up being wider than you expected.

If you own a condo, be patient or be strategic. The market is not broken, but it is not racing either. Price it right from day one - the one condo that sold this month went at exactly 100% of list price, which means buyers are paying fair value, not premium value. Overpricing right now will cost you weeks, not days.

Bottom line - check your HonestDoor Price before you do anything else. It takes two minutes and it will tell you more about where you actually stand than any assessment notice ever will.

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.