Belvedere, Edmonton - August 2026 Real Estate Report

Belvedere Real Estate Update: Your Neighbour's Assessment Is Already Out of Date

The Vibe Right Now

If you've been watching the "For Sale" signs in Belvedere, here's what's actually happening. The neighbourhood is holding its own - but the story is different depending on whether you own a house or a condo. Let's break it down.

Houses: Fast-Moving, But Prices Are Taking a Breather

The house market in Belvedere is genuinely interesting right now. When a home hits the market, it moves - we're talking an average of just 4 days on market, which ranks 3rd out of 108 Edmonton neighbourhoods. That's almost unheard of. Buyers are showing up ready.

That said, the average sale price came in at $310,000 this month, down 10.3% from last month. With only 1 sale recorded, that single transaction is doing a lot of heavy lifting on the average - so don't read too much into the month-over-month dip. The bigger picture is more encouraging. The predicted market value for houses sits at $373,957, up from a 3-month moving average of $370,248. Values have moved 1.77% recently, landing us at rank 78 out of 292 Edmonton neighbourhoods for growth. That's solidly above average.

• Average sale price this month: $310,000
• Average listing price: $309,900
• Price per square foot: $322
• Sale-to-list ratio: 100.03% - buyers paid above asking
• Average days on market: 4
• Days-on-market rank: 3rd out of 108 in Edmonton
• Growth rank: 78th out of 292 in Edmonton
• Price rank: 258th out of 285 - among the most affordable in the city
• Estimated rent: $1,892 per month
• Rental yield: 5.89%

A 5.89% rental yield is genuinely strong. If you're an investor eyeing Belvedere, that number deserves your attention.

Condos: Affordable Entry Point, But Buyers Have the Upper Hand

The condo side of Belvedere is a different conversation. We're sitting among the most affordable condo markets in Edmonton - price rank of 209th out of 218 neighbourhoods. That's not a knock on the area; it's an entry point. For first-time buyers or investors looking to get into the market without stretching, Belvedere condos are worth a serious look.

The average sale price this month was $77,000, down 20.8% from last month - again, with just 1 sale, that swing is more about the specific unit sold than a market collapse. The predicted market value holds at $125,767, nudging up from a 3-month average of $125,066. Condos are still selling fast too, ranking 12th out of 111 Edmonton neighbourhoods for days on market at an average of 18 days.

• Average sale price this month: $77,000
• Average listing price: $79,900
• Price per square foot: $116
• Sale-to-list ratio: 96.37% - buyers negotiated below asking
• Average days on market: 18
• Days-on-market rank: 12th out of 111 in Edmonton
• Growth rank: 130th out of 302 in Edmonton - above average
• Price rank: 209th out of 218 - among the most affordable in the city
• Estimated rent: $686 per month
• Rental yield: 4.33%

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

Here's the thing most Belvedere homeowners don't realize. The city's assessed value for houses in this neighbourhood averages $342,598. But the average HonestDoor Price - which pulls from real-time market signals, not a once-a-year government snapshot - comes in at $373,555. That's a gap of over $30,000, or 9.04% higher than what the city says your home is worth.

For condos, the HonestDoor Price is $123,346 compared to an assessed value of $123,999. Much closer, but the direction matters - the city's number is slightly above what the real-world market is signalling right now.

Your tax assessment is a rear-view mirror. It tells you what your home was worth at a point in the past. The HonestDoor Price is the windshield - it reflects where the market actually is today. If you're making any financial decision based on your property - refinancing, selling, or just knowing your net worth - the HonestDoor Price is the number to use.

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

For house owners, the timing argument is real. Homes in Belvedere are selling in 4 days on average, and buyers have been paying above list price. That combination doesn't last forever. The market is showing early signs of cooling - falling sale prices month-over-month and a softening sellers' market - so if you've been sitting on the fence, this summer window is worth taking seriously before conditions shift further.

Your HonestDoor Price of roughly $373,555 is the honest starting point for that conversation - not the city's $342,598 assessment. That $30,000 difference could change how you price, how you negotiate, and ultimately how much you walk away with.

For condo owners, the picture is more measured. Buyers are negotiating below asking, and the market leans in their favour right now. That doesn't mean you can't sell - it means you need to price sharp from day one. Overpricing a Belvedere condo this summer will cost you time and leverage.

Bottom line - Belvedere is one of Edmonton's most affordable neighbourhoods, it's growing above average, and its houses are among the fastest-selling in the city. That's a combination worth paying attention to, whether you're buying, selling, or just keeping score on your biggest asset.

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.