Belgravia, Edmonton - August 2026 Real Estate Report

Belgravia Real Estate Check-In: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you own a home in Belgravia, here is the short version: the city's assessment says one thing, the real market says something better. The average assessed value for a house here sits at $928,077 - but the average HonestDoor Price is $982,973. That is nearly $55,000 more sitting on the table that a government assessment would have you ignore. For condos, the story flips a little, and we will get into that below.

Belgravia is one of Edmonton's pricier pockets. On the house side, we rank 22nd out of 285 neighbourhoods for price. That is top 8 percent in the city. This is not a neighbourhood where you stumble into a deal - you earn your way in.

Houses: A Breather, Not a Breakdown

Let's be straight with each other. The house market in Belgravia is taking a breather right now. Only 2 houses sold this period, down 50 percent from last month, and the average sale price came in at $781,500 - down 30.4 percent month over month. That sounds alarming until you zoom out.

Two sales is a tiny sample. One outlier property can swing those numbers wildly. The bigger picture tells a calmer story: the HonestDoor predicted market value for houses is $981,354, which is actually ticking up against the 3-month moving average of $977,210. Values are moving in the right direction, just slowly.

• Average sale price this period: $781,500
• Average list price: $784,450
• Sale-to-list ratio: 100.14 percent - buyers paid above asking
• Average days on market: 34 days
• Price per square foot: $546
• HonestDoor predicted value: $981,354
• Estimated monthly rent: $4,115
• Rental yield: 4.80 percent
• Growth rank: 199 out of 292 neighbourhoods

That 100.14 percent sale-to-list ratio is worth pausing on. Even in a slower month, buyers here are still paying over asking. That is not a collapsing market - that is a market catching its breath between sprints. Days on market rank at 32nd out of 108 comparable neighbourhoods, meaning houses here still move moderately fast by Edmonton standards.

The honest flag: growth is ranked 199 out of 292 neighbourhoods. We are in the below-average tier right now for price appreciation. Neighbours in McKernan and Parkallen are actually growing faster, even though their prices are significantly lower. Something to watch.

Condos: The Market Is Cooling, Full Stop

The condo side of Belgravia deserves a frank conversation. The HonestDoor Price for condos is $375,273, and that number is sliding - it is down from the 3-month moving average of $380,118. Recent value change is sitting at -2.45 percent. Growth ranks 253 out of 302 neighbourhoods. That puts Belgravia condos in the bottom tier for Edmonton condo growth right now.

• Average assessed value: $395,444
• HonestDoor Price: $375,991 - that is 4.92 percent below the city assessment
• Average sale price: $434,875
• Average list price: $439,900
• Sale-to-list ratio: 97.75 percent - buyers negotiated below asking
• Average days on market: 59 days
• Price per square foot: $388
• Estimated monthly rent: $1,960
• Rental yield: 4.06 percent
• Growth rank: 253 out of 302 neighbourhoods

Condos here are sitting on the market for 59 days on average - longer than nearby Parkallen at 54 days. Buyers are paying below list price. This is a buyers' market for condos in Belgravia, and sellers need to price with that reality in mind. The one bright spot: at 22nd out of 218 neighbourhoods for price, Belgravia condos are still among the most expensive in Edmonton. The address carries weight even when the momentum is soft.

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

Here is something most homeowners in Belgravia do not think about until it is too late. The city's assessed value is a snapshot from months ago, built on a formula that does not know what your renovated kitchen looks like or what sold two streets over last week. It is a rear-view mirror number.

The HonestDoor Price is updated in real time using actual transaction data, market signals, and current comparable sales. For Belgravia houses, that means the HonestDoor Price is running 5.92 percent higher than the city's average assessed value. On a home worth nearly a million dollars, that gap is roughly $54,896. If you are making any financial decision - refinancing, selling, even just benchmarking your net worth - using the city's number means you are working with stale data.

Check your HonestDoor Price now. Not when the next assessment rolls around. Now.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Belgravia and you are eyeing a summer sale, the window is real but it requires smart pricing. Buyers are still paying over list price when a home is priced right - that 100.14 percent sale-to-list ratio proves it. But with only 35 total transactions across the neighbourhood in 2026 so far, this is a low-volume market. Every listing gets scrutinized. Price too high and you sit. Price it sharp and you move.

The rental angle is worth knowing too. At $4,119 per month in estimated rent and a 4.80 percent yield, Belgravia houses are genuinely attractive to investors. That expands your buyer pool beyond just owner-occupiers.

For condo owners thinking about selling: be realistic. The market is telling you something with those 59-day sit times and below-list-price sales. A well-priced condo in Belgravia can still command a strong number - 22nd most expensive in Edmonton is nothing to dismiss - but this is not the moment to test the ceiling. Price to sell, not to hope.

Bottom line for both camps: Belgravia is still one of Edmonton's most prestigious addresses. The fundamentals are solid. But right now, the market rewards sellers who respect the data over those who chase last year's peak.

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.