Belgravia, Edmonton - July 2026 Real Estate Report

Belgravia Real Estate Right Now: Your House Is Worth More Than the City Thinks

If you own a home in Belgravia and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment is one number. What buyers are actually paying is another. And right now, those two numbers are telling very different stories.

The Vibe: What Is Actually Happening in Our Neighbourhood

Belgravia is one of Edmonton's pricier pockets - and the data backs that up. With 749 properties assessed this year and 31 total transactions in 2026, we are not a high-volume market. We are a high-value one. Here is how houses and condos are stacking up right now.

Houses: Strong Prices, But Patience Required

If you have been watching the "For Sale" signs on our streets, here is what is actually happening. House prices in Belgravia are moving up - the average sale price hit $1,122,475, which is a 13.3% jump from last month. That is not a small number. Sellers are getting 100% of their list price on average, which tells us buyers are not lowballing - they are paying what we are asking.

• Average sale price: $1,122,475 (up 13.3% from last month)
• Average list price this month: $667,450
• Price per square foot: $1,237
• Properties sold at: 100% of list price
• Properties sold this period: 4
• Average days on market: 178 days
• Predicted market value: $983,610
• 3-month moving average: $970,436 (values are climbing)
• Estimated monthly rent: $4,122
• Rental yield: 4.80%
• Growth rank: 64 out of 302 neighbourhoods - above average in Edmonton
• Price rank: 18 out of 285 - among the most expensive in Edmonton

The one thing to keep in mind? Our days-on-market rank is 96 out of 103. That means Belgravia houses take longer to sell than almost everywhere else in Edmonton. This is not a panic signal - it reflects our price point and the smaller buyer pool that comes with it. If you are selling, plan for that runway.

Condos: Rising Prices, Buyers Holding Some Cards

The condo side of Belgravia is a different story. Sales are up sharply - the average sale price jumped 27.9% from last month to $434,875 - but buyers are negotiating. Properties are selling at 97.75% of list price, meaning sellers are giving a little ground. With only 2 sales this period and 59 days on market, this segment is moving slower than nearby Parkallen (54 days). It is not a hot market. It is a careful one.

• Average sale price: $434,875 (up 27.9% from last month)
• Average list price this month: $439,900
• Price per square foot: $388
• Properties sold at: 97.75% of list price
• Properties sold this period: 2
• Average days on market: 59 days
• Predicted market value: $384,712
• 3-month moving average: $377,793 (values are climbing)
• Estimated monthly rent: $2,003
• Rental yield: 4.04%
• Growth rank: 64 out of 296 neighbourhoods - above average in Edmonton
• Price rank: 23 out of 220 - among the most expensive in Edmonton

The Secret Sauce: Why Your HonestDoor Price Matters More Right Now

Here is the thing about the city's assessed value - it is a snapshot from the past. It does not update in real time. It does not know what sold on your street last month. For Belgravia houses, the city's average assessed value sits at $928,077. The average HonestDoor Price is $981,354. That is a $53,277 gap - and that gap is what buyers are actually basing their decisions on.

For condos, the story flips. The city's average assessed value is $395,444, but the HonestDoor Price is $375,273 - meaning the city may actually be overvaluing condos here relative to current market conditions. If you are a condo owner, that is worth knowing before you price a listing or appeal an assessment.

The HonestDoor Price is the real-world check. It pulls in current transaction data, market trends, and comparable sales to give you a number that reflects today - not last year. Waiting for your next tax assessment to understand what your property is worth is like checking last season's weather forecast before heading out the door.

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

Here is the straight talk for anyone in Belgravia weighing a summer sale.

For house owners - you are sitting in one of Edmonton's top 18 most expensive neighbourhoods by price. Buyers who come to Belgravia know what they are getting into, and right now they are paying full list. The catch is time. At 178 average days on market, you need to list early if you want to close before the leaves fall. Price it right from day one - overpriced houses in this range sit, and sitting hurts you.

For condo owners - the market is taking a breather. Prices are up month-over-month, which is encouraging, but buyers are negotiating and the pool is small. A sharp list price and a clean presentation will matter more here than in almost any other segment. Your HonestDoor Price of $375,273 is the honest starting point for that conversation.

One more thing worth knowing - our neighbours are cheaper and growing faster. Mc Kernan houses are averaging $741,341 with 0.06% growth. Parkallen houses sit at $617,032 with 0.09% growth. Buyers who are price-sensitive will look there first. What keeps them coming to Belgravia is what has always kept them here - the location, the character, and the proximity to the river valley. That is your edge. Use it.

• Neighbourhood year-over-year growth (houses): 0.03%
• Belgravia Airbnb rank in Edmonton: 33 (houses) - a strong short-term rental market
• Total transaction rank: 52 out of Edmonton neighbourhoods
• Average Airbnb estimate: $204 per night (houses), $97 per night (condos)

Bottom line - Belgravia is not a neighbourhood you flip. It is one you hold, price carefully, and sell with the right data in hand. Start with your HonestDoor Price. It is the number that actually reflects what is happening on our streets right now.

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.