Belgravia, Edmonton - September 2026 Real Estate Report

Belgravia Real Estate: What Your Neighbours Aren't Telling You

If you've been watching the "For Sale" signs in Belgravia, here's what's actually happening. The neighbourhood is holding serious value - but the market is sending some mixed signals right now, and your city assessment is almost certainly not telling you the full story.

The Vibe: Houses vs. Condos

Houses - Strong Prices, But Take a Breath

We're in interesting territory for houses right now. The average sale price came in at $685,000 this period - down 12.3% from last month. That sounds alarming, but here's the context: only 3 houses sold, which is actually up 50% from the month before. With that few transactions, one outlier sale can swing the average hard. Don't panic.

• Average sale price: $685,000
• Average list price this month: $784,450
• Price per square foot: $530
• Sold vs. list price: 100.14% - buyers are still paying above asking
• Average days on market: 34
• Properties sold this period: 3 (up 50% from last month)
• Predicted market value: $982,973
• Estimated monthly rent: $4,119
• Rental yield: 4.80%

That 100.14% sale-to-list ratio is the number to hold onto. Even with prices dipping month-over-month, buyers are still going slightly above asking. That tells us demand hasn't disappeared - inventory is just thin. Houses here rank 33rd out of 285 neighbourhoods in Edmonton for price, putting us firmly among the most expensive addresses in the city. Days on market rank is 33rd out of 112, meaning our homes are moving moderately fast compared to the rest of Edmonton.

Condos - Taking a Real Breather

The condo side of Belgravia is a different story, and we should be honest about it. The average sale price dropped to $290,500 - down 33.2% from last month - and properties are sitting on the market for an average of 113 days. Buyers here are negotiating, with sales closing at 96.88% of list price. This is a buyers' market for condos right now.

• Average sale price: $290,500
• Average list price this month: $385,000
• Price per square foot: $298
• Sold vs. list price: 96.88% - buyers are getting discounts
• Average days on market: 113
• Properties sold this period: 2
• Predicted market value: $375,991
• Estimated monthly rent: $1,961
• Rental yield: 4.06%

The predicted market value of $375,991 is actually trending slightly below the 3-month moving average of $378,658, which confirms the softening. That said, condos here still rank 24th out of 216 Edmonton neighbourhoods for price - so even in a slow patch, Belgravia condos carry real weight in the city's pecking order.

The Neighbourhood Leaderboard

Here's how Belgravia stacks up against nearby neighbourhoods on the growth front. For houses, we rank 141st out of 291 Edmonton neighbourhoods - solidly above average, but not leading the pack. For condos, we rank 107th out of 302 - also above average. Think of it this way: we're not the fastest-growing block on the street, but we're not sliding either. McKernan and Parkallen are growing faster on the house side, but they're also priced significantly lower. You get what you pay for.

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

Your city assessment is a snapshot from the past. It gets updated once a year and it doesn't know what sold on your street last Tuesday. The HonestDoor Price is a real-time check on what your property is actually worth today - and in Belgravia, that gap is meaningful.

For houses, the average city assessment sits at $928,077. The average HonestDoor Price is $963,545 - that's 3.82% higher than what the city thinks your home is worth. If you're making any financial decision based on your assessment alone, you're potentially leaving real money on the table.

For condos, the picture flips. The average assessed value is $395,444, but the HonestDoor Price comes in at $384,498 - about 2.77% lower. That's actually useful information too. If you're a condo owner thinking about selling, knowing the real-world number ahead of time means you can price strategically instead of getting a rude surprise when offers come in.

The HonestDoor Price for houses has dipped 1.98% from the previous period - a signal worth watching. Condo HonestDoor Prices, on the other hand, are up 2.26%. The two property types are moving in opposite directions right now, which is exactly why you need current data, not a year-old government document.

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

If you own a house in Belgravia and you're thinking about listing this summer, the fundamentals are still in your corner. Buyers are paying above asking price. Your home ranks in the top 12% most expensive in Edmonton. The rental market is strong at $4,119 per month if you ever want that option. The short-term softness in average sale prices looks more like a low-volume blip than a trend - 3 sales in a month is not enough data to call a shift.

The honest advice: price it right from day one. With 34 average days on market, overpriced houses are sitting. The buyers who are active right now are informed and they're doing their homework.

If you own a condo and you're thinking about selling this summer, be realistic. Buyers have leverage right now. At 113 days on market and sales closing below asking, this is not the moment to test the ceiling on your price. The gap between average list price ($385,000) and average sale price ($290,500) is wide - which suggests some sellers are still anchored to old expectations. Don't be that seller.

Either way, the first move is simple: check your HonestDoor Price before you do anything else. It takes two minutes and it gives you a current, data-backed number - not a figure a city assessor calculated before the market shifted. That's the real-world starting point for any smart conversation with your agent this summer.

• Belgravia house HonestDoor Price: $963,545 (up 3.82% vs. city assessment)
• Belgravia condo HonestDoor Price: $384,498 (down 2.77% vs. city assessment)
• Total transactions in Belgravia in 2026: 38 houses, 12 condos
• Airbnb potential: $202 per night for houses, $99 per night for condos
• Belgravia Airbnb rank in Edmonton: 33rd for houses

Belgravia is still one of Edmonton's most established and well-priced neighbourhoods. The numbers back that up. Just make sure the numbers you're using are the right ones.

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.