Belmont, Edmonton - July 2026 Real Estate Report

Belmont, Edmonton: Your Neighbour Just Got a Better Deal Than You Think

If you own a home in Belmont and you haven't checked your HonestDoor Price lately, you might be making decisions based on a number that's already out of date. Here's the real picture of what's happening on your street right now.

The Vibe: Houses vs. Condos in Belmont

Belmont is a neighbourhood of two stories right now, and they're pretty different depending on what you own.

Houses: The average sale price hit $480,625 this month - that's up 16.4% from last month. Four houses sold, and they moved fast, averaging just 18 days on the market. Compare that to nearby River Valley Hermitage where homes sit for 23 days, and it's clear buyers are choosing Belmont. Homes are selling at 99.35% of list price, which means sellers are getting close to what they're asking. Price per square foot sits around $379. We're seeing strong demand here, and the numbers back it up. On the growth leaderboard, Belmont houses rank 81 out of 302 Edmonton neighbourhoods - that puts us solidly in the above-average tier.

Condos: The condo side is taking a bit of a breather. The average sale price came in at $226,000, down 11.4% from last month, though 3 units sold - up 50% from the month before. Condos are moving incredibly fast at just 11 days on market, which ranks 4th out of 108 Edmonton neighbourhoods. That's almost unheard of. Even with the price dip, Belmont condos are still outpricing nearby River Valley Hermitage ($207,500) and Kernohan ($200,500). The condo growth rate ranks 112 out of 296 neighbourhoods - above average for Edmonton.

• House average sale price: $480,625 (up 16.4% month over month)
• House days on market: 18 days (faster than River Valley Hermitage at 23 days)
• House price per square foot: $379
• House growth rank: 81 out of 302 Edmonton neighbourhoods
• Condo average sale price: $226,000 (down 11.4% month over month)
• Condo days on market: 11 days (ranked 4th out of 108 in Edmonton)
• Condo growth rank: 112 out of 296 Edmonton neighbourhoods

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

Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know your street, your renovations, or what sold two blocks over last week. The average assessed value for a Belmont house is $363,788. But the HonestDoor Price for houses sits at $355,559, tracking a 3-month moving average of $353,380 and trending upward. That's a real-world number built on actual market movement, not a government spreadsheet.

For condos, the gap is even more telling. The average assessed value is $201,743, but the HonestDoor Price is $194,249 - and it's climbing, up from a 3-month moving average of $193,136. The city's number is 2.98% higher than what the market is actually saying right now.

Why does this matter for your wallet? If you're pricing a sale, refinancing, or just trying to understand your net worth, using the assessed value could give you a false sense of where you stand. The HonestDoor Price is the real-world check - updated, market-driven, and a lot more honest about what a buyer would actually pay today.

• House HonestDoor Price: $355,559 (up from 3-month average of $353,380)
• House assessed value: $363,788 - that's 2.25% higher than the HonestDoor Price
• Condo HonestDoor Price: $194,249 (up from 3-month average of $193,136)
• Condo assessed value: $201,743 - that's 3.86% higher than the HonestDoor Price
• House rental yield: 5.89% - strong returns for investors
• Condo rental yield: 4.32% - moderate but steady

The So What? - Thinking About Selling This Summer?

If you own a house in Belmont and you're thinking about listing this summer, the timing is working in your favour. Homes are selling in under three weeks, buyers are paying nearly full list price, and prices jumped sharply this month. You're not going to get a better combination of speed and price than what we're seeing right now.

The one thing to watch - listings are averaging $502,967 while sales are closing at $480,625. That gap tells you buyers are negotiating, even in a hot market. Price it right from day one and you'll move fast. Overprice it and you'll feel it.

For condo owners, the picture is a bit more nuanced. Sales volume is picking up - 50% more units sold this month than last - and condos are flying off the market in 11 days. But the average sale price dropped this month, so this isn't the moment to push for a premium. Price competitively, lean into the speed of the market, and you'll find a buyer quickly. Belmont condos are still beating out River Valley Hermitage and Kernohan on price, so we're not in a weak position - just a realistic one.

Bottom line: Belmont is a neighbourhood where things actually sell. Whether you're a house owner sitting on strong equity or a condo owner looking to move on, the market here is active. Pull your HonestDoor Price before you do anything else - it's the number that reflects today, not last year.

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.