Terra Losa, Edmonton - September 2026 Real Estate Report

Terra Losa Real Talk: Condos Are Quietly Winning While Houses Take a Breather

The Vibe Right Now

If you live in Terra Losa and you've been wondering what your place is actually worth, here's the honest answer: it depends a lot on what you own. This neighbourhood is telling two very different stories right now - one for houses, one for condos. Let's break it down for us locals.

Houses: Taking a Breather

The house market in Terra Losa is cooling off. The average HonestDoor Price sits at $404,006, down 3.53% from the previous period. Actual sale prices are averaging $321,000, and homes are sitting on the market for about 49 days before selling. Buyers are paying roughly 98.78% of list price, which means sellers are getting close to what they're asking - but not quite.

• Average HonestDoor Price: $404,006 (down 3.53%)
• Average sale price: $321,000
• Average list price: $324,950
• Price per square foot: $227
• Days on market: 49
• Sale-to-list ratio: 98.78%
• Predicted market value: $418,775
• Estimated monthly rent: $2,122
• Rental yield: 5.80%

On the neighbourhood leaderboard, Terra Losa houses rank 247 out of 291 for growth - that puts us near the bottom tier in Edmonton right now. The predicted value of $418,775 is also sliding below the 3-month moving average of $424,498. That's a signal worth paying attention to if you're thinking about timing a sale.

One bright spot: that 5.80% rental yield is genuinely strong. If you're not selling, renting your house out at an estimated $2,122 a month is a solid play while you wait for the market to find its footing again.

Condos: The Quiet Overachiever

Here's where Terra Losa gets interesting. The condo market is moving in the opposite direction, and it deserves more attention than it's getting.

• Average HonestDoor Price: $211,645 (down just 0.51%)
• Average sale price: $189,667 (up 32.6% from last month)
• Average list price: $212,450
• Price per square foot: $195
• Days on market: 71
• Sale-to-list ratio: 95.81%
• Predicted market value: $212,724
• Estimated monthly rent: $1,158
• Rental yield: 4.31%
• Neighbourhood growth: 0.10% year over year
• Properties transacted in 2026: 50

That growth rank is the real headline here. Terra Losa condos rank 44 out of 302 comparable neighbourhoods in Edmonton for growth. That puts us in the top 15% of the city. The predicted value of $212,724 is also creeping up past the 3-month moving average of $210,996 - a small but meaningful sign that momentum is building, not fading.

Compare that to nearby condos in Summerlea ($185,184), Place La Rue ($138,922), and La Perle ($182,159), and Terra Losa condos are actually the priciest in the immediate area. We're not the cheapest option on the block anymore - and that's a good thing for owners.

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

Here's something most Terra Losa homeowners don't realize. The city's assessed value for condos here averages $224,600. The HonestDoor Price for the same condos is $211,645 - that's 5.77% lower. If you're making any financial decision based on what the city says your place is worth, you could be working with a number that doesn't reflect what buyers are actually paying today.

Government assessments are snapshots frozen in time. They don't react to what happened last month or last quarter. The HonestDoor Price pulls from real transaction data and updates in real time. Think of it as the difference between a weather forecast from this morning versus one from six months ago. One is actually useful.

For house owners, that gap matters even more. Your HonestDoor Price of $404,006 is the real-world check on what a buyer would offer today - not what the city decided your home was worth based on older data. If you're planning anything - refinancing, selling, even just benchmarking your net worth - start with the HonestDoor Price.

The So What - What This Means If You're Thinking About Selling This Summer

Selling a house in Terra Losa this summer? Be realistic about pricing. With values down 3.53%, homes sitting for 49 days, and a growth rank near the bottom of Edmonton's leaderboard, buyers have options and they know it. Price sharp from day one. A home sitting on the market in summer heat loses momentum fast.

Selling a condo? Your timing is actually decent. Prices are up sharply month-over-month, the predicted value is rising, and Terra Losa condos are outperforming most of the city on growth. You're not in a rush, but you're also not leaving money on the table by listing now. The 71-day average days-on-market means you need to plan ahead - list early in the summer window, not at the tail end of it.

Either way, the first thing to do is pull your HonestDoor Price. It's the most current read on what your property is worth right now - not what it was worth when the city last looked at it. That number is your starting point for every conversation with an agent, a buyer, or your bank.

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.