The Orchards At Ellerslie, Edmonton - October 2026 Real Estate Report
The Orchards At Ellerslie, Edmonton: What Your Neighbours Aren't Telling You About Home Values 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 two markets - houses and condos - are telling very different stories right now, and which one you're in matters a lot for your wallet.
Houses: Taking a Breather
Let's be straight with each other. The house market here is cooling off. The average sale price sits at $505,401, but that's down 8% from last month. Only 9 houses sold - a 40% drop in volume. Homes are sitting on the market for an average of 81 days, and buyers are paying about 98.89% of list price, meaning sellers are giving a little ground to get deals done.
- Average sale price: $505,401
- Average listing price: $450,000
- Price per square foot: $279
- Days on market: 81
- Sale-to-list ratio: 98.89% - buyers are winning small
- Properties sold this period: 9
- Predicted market value: $503,370
- 3-month moving average: $508,189 - values are drifting down
- Rental yield: 5.63% - strong if you're holding
- Estimated monthly rent: $2,509
On the neighbourhood leaderboard, houses here rank 103 out of 285 Edmonton neighbourhoods for growth - that's solidly above average, not top of the class, but not the back of the room either. The days-on-market rank of 72 out of 116 tells us homes are moving slower than a lot of comparable spots in the city. Worth knowing before you price.
Condos: A Different Story Entirely
Condo owners, we've got something interesting going on. While the house market cools, condos in The Orchards are actually holding their own. The one condo that sold this period went for $320,000 - above the $317,000 asking price. That's a 100.95% sale-to-list ratio, which means buyers are competing, not negotiating down.
- Average sale price: $320,000
- Average listing price: $317,000
- Price per square foot: $279
- Days on market: 18
- Sale-to-list ratio: 100.95% - sellers have the edge
- Predicted market value: $299,729
- 3-month moving average: $297,009 - values are climbing
- Recent value change: up 2.55%
- Rental yield: 4.19%
- Estimated monthly rent: $1,605
On the neighbourhood leaderboard, condos here rank 49 out of 297 Edmonton neighbourhoods for growth - that puts us in the top tier of the city. Days-on-market rank is 12 out of 113, meaning condos here sell faster than almost everyone else. That's a real edge if you're thinking about listing.
How We Stack Up Against the Neighbours
Context matters. Here's how The Orchards sits against the streets around us.
- Summerside houses: HonestDoor Price $601,214 - more expensive, growing slower at 0.06% vs. our 0.14%
- Mattson houses: HonestDoor Price $467,240 - cheaper than us, growth data unavailable
- Ellerslie Industrial: HonestDoor Price $694,959 - a different price bracket entirely
- Summerside condos: HonestDoor Price $294,824 - slightly below our condo values
- Walker condos: HonestDoor Price $223,853 - significantly cheaper
The Orchards sits in a solid middle ground - not the cheapest, not the priciest, and growing faster than some of the bigger names nearby. That's a good place to be.
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing most homeowners in The Orchards don't realize. The city assessed the average house here at $539,265. But the HonestDoor Price for houses is $503,916. That's a gap of about $35,000 - and the assessment is the higher number. For condos, the gap is even wider. City assessment says $332,888. HonestDoor Price says $285,086. That's nearly $48,000 of difference.
Why does this matter? Because the city's assessment is a snapshot from months ago, using data that doesn't reflect what's happening on the ground today. The HonestDoor Price updates in real time, pulling from actual transactions happening right now in this market. If you're making a decision about selling, refinancing, or even just figuring out if your property taxes are fair, the HonestDoor Price is the real-world check you need - not a number the city calculated last year.
With house values down 1.46% recently and the condo market up 2.55%, the gap between what the city thinks your home is worth and what a buyer would actually pay is moving fast. Waiting for the next annual assessment to catch up could cost you clarity - and potentially money.
The "So What?" - Should You Sell in The Orchards This Summer?
It depends on what you own. Here's the honest breakdown.
If you own a house - the market is taking a breather. Prices are down, volume is down, and buyers are taking their time (81 days on market tells you that). That doesn't mean you can't sell, but it means pricing sharp matters more than ever. Overpricing right now will cost you weeks and probably money. If you need to sell this summer, price it based on the HonestDoor Price of $503,370 - not the city's $539,265 assessment. The buyer's agent already knows the difference.
If you own a condo - the window looks better. Condos are selling in 18 days, above asking price, and the predicted value is trending up. If you've been sitting on the fence, this summer might be the right move before conditions shift. With only 28 condo transactions recorded in 2026 so far, inventory is tight, and tight inventory usually favours sellers.
Either way, 115 total property transactions in The Orchards in 2026 and 3,249 properties assessed tells you this is an active, established neighbourhood - not a ghost town. The fundamentals are solid. It's just a market that rewards smart pricing over wishful thinking right now.
the orchards at ellerslie | 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.