The Orchards At Ellerslie, Edmonton - July 2026 Real Estate Report

The Orchards At Ellerslie, Edmonton: What Your Neighbours Aren't Telling You About Home Prices Right Now

The Vibe in The Orchards - Houses vs. Condos

If you've been watching the "For Sale" signs in The Orchards At Ellerslie lately, here's what's actually happening. The market is taking a breather - but it's not the same story for every property type. Houses and condos are moving in different directions, and knowing which side of that split you're on could mean thousands of dollars.

Houses: Solid Demand, But Prices Are Easing

We saw 14 houses sell last month - up 16.7% from the month before. That's a healthy jump in activity. But the average sale price came in at $467,257, which is down 5.7% from the previous month. Homes are sitting on the market for about 53 days on average, which is actually faster than nearby Summerside at 62 days. So buyers are still showing up - they're just negotiating harder.

• Average sale price: $467,257 (down 5.7% month over month)
• Average list price this month: $498,054
• Price per square foot: $302
• Sale-to-list ratio: 98.06% - buyers are paying slightly below asking
• Average days on market: 53 days
• HonestDoor predicted value for houses: $501,371
• Estimated monthly rent: $2,494 with a rental yield of 5.63%

On the neighbourhood leaderboard, houses in The Orchards rank 226 out of 302 for growth - that puts us in the below-average tier right now. Days-on-market rank is 50 out of 103, which is solidly in the middle - properties aren't flying off the shelf, but they're not collecting dust either. The 3-month moving average for predicted house values sits at $504,409, and the current predicted value of $501,371 is trending slightly below that. The market is cooling, not crashing.

Condos: A Different Story Entirely

Here's where it gets interesting for us condo owners. Only 1 condo sold last month, so take the numbers with some context - but that unit moved in just 26 days. The predicted condo value is $298,969, and it's actually climbing above the 3-month moving average of $293,594. That's a 2.62% recent change in value, which puts condos in The Orchards at rank 37 out of 296 neighbourhoods in Edmonton for growth. That's top-tier performance.

• Average condo sale price this month: $212,000
• Average condo list price: $276,450
• Price per square foot: $193
• Sale-to-list ratio: 97.38%
• Average days on market: 26 days
• HonestDoor predicted value for condos: $298,969
• Estimated monthly rent: $1,602 with a rental yield of 4.20%
• Growth rank: 37 out of 296 - top performers in Edmonton

Days-on-market rank for condos is 19 out of 108 - that means condos here sell faster than almost everyone else in the city. If you own a condo in The Orchards, that's a real advantage heading into summer.

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

Here's the thing about your city assessment: it's a snapshot from the past. The government sets it once a year using old data, and by the time it lands in your mailbox, the market has already moved on. For houses in The Orchards, the average assessed value is $539,265 - but the HonestDoor Price is $510,365. That's a gap of over $28,000. For condos, the assessed value averages $332,888 while the HonestDoor Price sits at $299,021 - a difference of more than $33,000.

That gap isn't a glitch. It's the market telling you something the assessment can't. The HonestDoor Price updates in real time using actual transaction data, current listings, and local trends. It's the real-world check on a number that was calculated months ago. If you're making any decision - selling, refinancing, or just figuring out where you stand - the HonestDoor Price is the number you want in front of you.

The "So What?" - Should You Sell in The Orchards This Summer?

If you own a house and you're thinking about listing this summer, the honest answer is: timing matters more than it did six months ago. Sale prices are running about 5% below list price, and the average sale is coming in under the predicted value. That doesn't mean you can't get a good price - 87 total transactions happened in The Orchards in 2026 alone, and we rank 12th in Edmonton for total transaction volume. This neighbourhood moves product. But price it right from day one. Overpricing in a market where buyers are paying 98 cents on the dollar will cost you time and momentum.

If you own a condo, the picture is genuinely encouraging. Values are trending up, condos are selling fast, and the growth rank of 37 out of 296 puts us near the top of the Edmonton leaderboard. A well-priced condo this summer has a real shot at moving quickly.

Either way, pull your HonestDoor Price before you do anything else. It's free, it's current, and it'll tell you more about where your property actually stands than any assessment notice will. The Orchards is a neighbourhood with 3,249 assessed properties and real buyer activity - use the data that reflects today, not last year.

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.