The Rio Terrace neighbourhood in west Edmonton currently has a year to date average sale price of $488,171. That is based on a single family detached house sale in Rio Terrace up to December 10, 2013. That isn't the highest price that Rio Terrace has sold for on an annual basis. In 2011, Rio Terrace averaged $490,347. Since 2005, Rio Terrace property value have risen by 66%.