Terra Losa, Edmonton - August 2026 Real Estate Report

Terra Losa Real Talk: Solid Value, But the Market Is Catching Its Breath

If you live in Terra Losa and you have been wondering whether your home is worth more or less than last year, the honest answer is: it depends on what you own. Houses and condos are telling two very different stories right now, and your city assessment is not telling you either one of them accurately.

The Vibe: Houses vs. Condos

Houses

We are sitting in a bit of a holding pattern on the house side. The average HonestDoor Price for a Terra Losa house is $418,775, down 1.53% from the previous period. The predicted market value sits at $425,302, which is also slipping slightly below the 3-month moving average of $426,558. Values have shifted by -0.96% recently, and on the Edmonton neighbourhood leaderboard, Terra Losa houses rank 226 out of 292 for growth - that puts us in the below-average tier for appreciation right now.

That said, the actual sale numbers show something interesting. The average sale price this month came in at $321,000, up 6.7% from last month. Listings are averaging $324,950, and homes are selling at 98.78% of list price. Buyers are getting a slight discount, but not a dramatic one. The catch is that homes are sitting for an average of 49 days - which is not lightning fast, but the days-on-market rank of 47 out of 108 puts us in the moderately fast-selling category for Edmonton. Price per square foot is around $227, and Terra Losa ranks 266 out of 285 on price - meaning we are genuinely one of the more affordable house markets in the city.

• Average HonestDoor Price: $418,775 (down 1.53%)
• Average sale price this month: $321,000 (up 6.7% from last month)
• Average listing price: $324,950
• Price per square foot: $227
• Sale-to-list ratio: 98.78%
• Average days on market: 49
• Estimated monthly rent: $2,122
• Rental yield: 5.78%
• Growth rank: 226 out of 292 in Edmonton

Condos

Our condo market is a different animal - and honestly, a more active one. There were 47 condo transactions in Terra Losa in 2026 already, which ranks 13th in all of Edmonton for total transactions. That is serious volume. Condos are selling in an average of just 10 days, which ranks 4th out of 111 comparable neighbourhoods in Edmonton. That is not a slow market - that is a hot one.

The average HonestDoor Price for a Terra Losa condo is $212,724, up 1.86% from the previous period. Compare that to the city's average assessed value of $224,600 - the HonestDoor Price is running 5.29% below that assessment. The city thinks your condo is worth more than the market currently agrees with. The predicted market value sits at $208,849, slightly below the 3-month moving average of $210,731, so values are easing a touch. Month-over-month sale prices dropped 31.3% to $143,000, but with only one sale recorded this month, that number swings hard on thin volume - do not read too much into a single transaction.

Neighbourhood growth is 0.10% year over year, and Terra Losa condos rank 214 out of 302 for growth - below average, but the speed at which condos are moving off the market tells a different story about demand. We are also outpricing nearby condo markets: Summerlea ($179,453), Place La Rue ($140,446), and La Perle ($180,878) all come in cheaper than us.

• Average HonestDoor Price: $212,724 (up 1.86%)
• Average assessed value: $224,600
• HonestDoor Price vs. assessment: 5.29% below
• Average sale price this month: $143,000
• Price per square foot: $215
• Sale-to-list ratio: 98.69%
• Average days on market: 10
• Estimated monthly rent: $1,158
• Rental yield: 4.31%
• Total transactions in 2026: 47 (ranked 13th in Edmonton)
• Days-on-market rank: 4th out of 111 in Edmonton
• Growth rank: 214 out of 302 in Edmonton

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

Here is the thing about your city assessment: it is a snapshot from months ago, built on old sales data, and it does not move when the market moves. Right now, condo owners in Terra Losa are sitting on an assessed value of $224,600 - but the HonestDoor Price says the real-world number is closer to $212,724. That is a $11,876 gap. If you are making any financial decision - refinancing, selling, even just benchmarking your net worth - using the city's number gives you a false picture.

The HonestDoor Price updates in real time using actual market activity. It is the number your buyer's agent is already looking at. You should be too. For houses, the HonestDoor Price of $418,775 gives you a live read that the static assessment simply cannot match in a market that is shifting month to month.

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

If you own a condo in Terra Losa and you are thinking about listing this summer, the timing argument is real. Condos are moving in 10 days on average - that is one of the fastest turnover rates in all of Edmonton. Demand is there. The risk is that values are drifting slightly downward, so waiting for a rebound that may not come quickly could cost you more than acting now.

If you own a house, the picture is more patient. Homes are taking 49 days to sell, and values have softened slightly. You are not in crisis territory - Terra Losa houses are genuinely affordable compared to most of Edmonton, and a rental yield of 5.78% means holding the property as a rental is a legitimate option if the sale price does not excite you. If you do list, price it sharp. Buyers in this range are paying 98.78% of list - they are not panicking, but they are not overpaying either.

Either way, check your HonestDoor Price before you call an agent. Walk in knowing your real number, not the city's old one.

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.