Spruce Avenue, Edmonton - July 2026 Real Estate Report

Spruce Avenue, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home on Spruce Avenue and the last number you checked was your city assessment, you are leaving real money on the table. Here is what is actually happening on our streets right now.

The Vibe: What the Market Is Doing

Houses - Strong and Moving Fast

We are in a solid spot. The average house sold for $456,950 this month - up 14.5% from last month - and homes are flying off the market in an average of 18 days. That is faster than Prince Rupert, where houses are sitting for 24 days. Buyers are not hesitating here.

• Average sale price: $456,950
• Average listing price: $399,900
• Price per square foot: $359
• Average days on market: 18
• Properties selling at: 100% of list price
• Predicted market value: $453,771
• 3-month moving average: $449,181 (trending up)
• Rental yield: 5.73%
• Estimated monthly rent: $2,257

On the neighbourhood leaderboard, Spruce Avenue houses rank 70 out of 302 Edmonton neighbourhoods for growth - that puts us in the top quarter of the city. Days-on-market rank is 17 out of 103, which means we are in the top tier for speed. Buyers are competing here, not browsing.

Condos - Steady, Not Flashy

The condo side of Spruce Avenue is a different story. One unit sold this month at $260,000, holding steady at list price. That is not a red flag - it is a stable, balanced market. But condos are taking 11 days to sell, which is a touch slower than nearby Alberta Avenue at 8 days. Not a crisis, just worth watching.

• Average sale price: $260,000
• Price per square foot: $165
• Average days on market: 11
• Predicted market value: $195,737
• 3-month moving average: $192,908 (trending up)
• Estimated monthly rent: $1,030
• Rental yield: 4.25%

Condo growth ranks 100 out of 296 Edmonton neighbourhoods - still above average. And the days-on-market rank of 4 out of 108 means condos here are among the fastest-selling in the entire city when a deal is priced right.

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

Here is the thing about your city assessment - it is a snapshot from the past. It does not know what sold on your block last month. It does not adjust for the fact that buyers right now are paying full list price and moving in 18 days.

The HonestDoor Price updates in real time. For houses on Spruce Avenue, that number sits at $456,600 - which is 13.94% higher than the average city assessment of $400,739. That gap is not a rounding error. On a typical home here, that is roughly $55,000 that the city's number is not capturing.

For condos, the HonestDoor Price is $196,557 and it has been ticking upward. The 3-month predicted value trend is climbing too. If you are a condo owner who last checked your value at assessment time, the real-world number may surprise you.

Think of the HonestDoor Price as the number a well-informed buyer would actually put on paper - not the number a government formula spits out once a year.

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

If you are a house owner on Spruce Avenue, the timing is genuinely good right now. Homes are selling at full asking price, demand is outpacing nearby neighbourhoods, and the HonestDoor Price is running well above what the city assessed you at. That combination does not last forever.

A few things worth knowing before you list:

• 37 house transactions happened in Spruce Avenue in 2026 - this is an active market, not a quiet one
• Your growth rank of 70 out of 302 Edmonton neighbourhoods means buyers looking at data will find Spruce Avenue on their radar
• Neighbouring Central McDougall has an average HonestDoor Price of $667,735 - buyers priced out of there are looking at us next
• Alberta Avenue houses are averaging $372,500 in sales - Spruce Avenue is commanding a premium over that

For condo owners, the market is stable but not surging. If you are thinking about selling, pricing sharp and clean will matter - the buyers who are moving fast here are doing it because the deal makes sense to them immediately. Do not give them a reason to hesitate.

Bottom line: Spruce Avenue is punching above its weight in Edmonton right now. Check your HonestDoor Price at honestdoor.com before you make any decisions - because the city's number is not telling you the full story.

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.