Terwillegar Towne, Edmonton - October 2026 Real Estate Report
Terwillegar Towne Real Estate Update: Solid Ground, But Watch the Signals
The Vibe Right Now
If you live in Terwillegar Towne and you've been half-watching the market, here's the honest version of what's going on. The neighbourhood is holding its value well - but it's not a runaway train. Things are moving, just not at full sprint. Let's break it down by what you actually own.
Houses: Strong Prices, But Take a Breath
Houses here are doing the heavy lifting. The average sale price hit $568,343 this month - that's up 13.3% from last month, which is a number worth paying attention to. But before we get too excited, the predicted market value sits at $586,283, and that number is actually drifting down from the 3-month moving average of $593,900. So the recent sale spike is real, but the trend line is taking a breather.
- Average sale price: $568,343 (up 13.3% from last month)
- Average list price: $670,940
- Price per square foot: $379
- Homes selling at 99.86% of list price - buyers are getting a tiny edge
- Average days on market: 55
- 14 homes sold this month
- Predicted market value: $586,283
- Rental yield: 5.47% - that's a strong return if you're thinking income property
- Estimated rent: $2,819 per month
Fifty-five days on market is worth noting. We're selling faster than South Terwillegar (63 days), which tells us demand here is real. But Leger next door is moving homes in 52 days, so we're not the fastest block on the street. On the neighbourhood leaderboard, Terwillegar Towne houses rank 120 out of 285 Edmonton neighbourhoods for growth - that puts us in the above-average tier, not the top, but solidly in the mix.
Condos: Steady, Not Spectacular
The condo picture is quieter. One unit sold this month at $240,000, essentially flat from last month. That's not a crisis - it's just a slow month. The predicted value of $257,278 is actually nudging up from the 3-month average of $256,490, which is a small but positive sign.
- Average sale price: $240,000
- Average list price: $244,900
- Price per square foot: $211
- Condos selling at 98.00% of list price
- Average days on market: 49
- Predicted market value: $257,278
- Rental yield: 4.25% - moderate, but still positive cash flow territory
- Estimated rent: $1,388 per month
Condo owners, here's a useful data point: our condos are selling faster than both South Terwillegar (63 days) and Leger (52 days). That's a quiet win. On the leaderboard, condos rank 157 out of 297 for growth - below average for Edmonton - but the price rank of 99 out of 218 keeps us above the midpoint. The market here is stable, not sliding.
The Secret Sauce: Your HonestDoor Price vs. That Tax Assessment Letter
Here's why this matters right now. The city assessed houses in Terwillegar Towne at an average of $581,477. The HonestDoor Price for houses is $584,361. That's a gap of roughly $2,884 - and it's updated in real time, not once a year. For condos, the gap is bigger and it flips the other way: the city assessment says $265,942, but the HonestDoor Price is $251,297. That's a $14,645 difference. If you're a condo owner using your tax assessment as your mental anchor for what your place is worth, you're working with a number that's likely too high.
The HonestDoor Price is the real-world check. It pulls from actual transaction data and current market signals - not a snapshot the city took months ago. With 1,797 houses and 532 condos assessed in this neighbourhood, there's enough data here to make the HonestDoor Price genuinely useful. Check yours before you make any decisions.
The 'So What?' - Thinking About Selling This Summer?
If you own a house in Terwillegar Towne and you're thinking about listing this summer, the timing has some logic to it. Prices popped 13.3% last month, buyers are paying close to full list price, and demand is outpacing at least one nearby neighbourhood. The window looks open - but the predicted value trend is softening, so waiting around hoping for a higher peak might not pay off.
For condo owners, the story is more patient. One sale a month is thin volume, and buyers know it. You're not in a bad spot - the predicted value is actually creeping up - but set realistic expectations. Price it right from day one. Sitting at 49 days on market is manageable, but overpricing in a low-volume segment will stretch that out fast.
Either way, before you call an agent or set a number in your head, pull your HonestDoor Price. It's the most current read on what the market actually thinks your place is worth - not what the city decided last year.
How We Stack Up Against the Neighbours
For context, here's where Terwillegar Towne sits relative to the streets around us:
- Leger: House HonestDoor Price $605,997 - more expensive, growing slightly faster at 0.06% year over year
- South Terwillegar: House HonestDoor Price $520,286 - cheaper, also growing at 0.06%
- Anthony Henday Terwillegar: House HonestDoor Price $353,950 - significantly cheaper, growth data not available
We sit in the middle of the pack on price and growth. Not the cheapest entry point, not the priciest. For buyers, that's actually a reasonable value position. For sellers, it means you're competing against Leger on quality and against South Terwillegar on price - so condition and presentation matter more than ever.
terwillegar towne | edmonton | october 2026This 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.