Belvedere, Edmonton - July 2026 Real Estate Report

Belvedere Real Estate Update: Your Neighbour's Assessment Is Probably Wrong

If you own a home in Belvedere and you're still going off your city assessment to figure out what your place is worth, you're likely leaving money on the table. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos

These two markets are telling very different stories right now, so let's break them down separately.

Houses - Moving Fast, Priced to Sell

If you've been watching the "For Sale" signs in Belvedere, here's what's actually happening with houses. The average sale price hit $345,580 this period - that's up 6.9% from last month. Active listings are sitting at $359,698 on average, and homes are selling at 99.25% of asking price. Translation: buyers are showing up serious, and sellers aren't having to budge much.

• Average sale price: $345,580 (up 6.9% from last month)
• Average listing price: $359,698
• Price per square foot: $373
• Average days on market: 26 days
• Properties sold this period: 5 (down 16.7% from last month)
• Sale-to-list ratio: 99.25%
• Estimated rent: $1,860/month
• Rental yield: 5.90%

Twenty-six days on market is genuinely quick. On the neighbourhood leaderboard, Belvedere houses rank 25 out of 103 Edmonton neighbourhoods for speed of sale - that puts us in the top quarter for how fast homes move. The trade-off is price: we rank 260 out of 285 for price, meaning we're firmly in affordable territory. For buyers, that's the draw. For sellers, volume is a bit lighter this month with only 5 sales, but the ones that did sell, sold well.

Condos - Affordable, But Patience Required

The condo story in Belvedere is a different animal. Three condos sold this period - up 50% from last month, which sounds exciting until you see the average sale price dropped to $97,167, down 35.2%. That kind of swing on low volume means one or two cheaper units skewed the whole average. Don't read too much into a single month's number here.

• Average sale price: $97,167 (down 35.2% from last month)
• Price per square foot: $118
• Average days on market: 243 days
• Properties sold this period: 3 (up 50% from last month)
• Sale-to-list ratio: 92.26%
• Estimated rent: $682/month
• Rental yield: 4.33%

The big number to flag here is 243 days on market. On the neighbourhood leaderboard, Belvedere condos rank 104 out of 108 Edmonton neighbourhoods for selling speed - that's near the bottom. These units are sitting. Buyers are also getting about 7.7% off asking price on average. If you own a condo here and need to sell, pricing it right from day one is not optional - it's everything. The silver lining: the predicted market value of $125,010 is actually trending up against the 3-month average of $123,723, and the growth rate ranks 89 out of 296 comparable neighbourhoods. So the underlying value is quietly holding up, even if the sales pace is slow.

The Secret Sauce: Your HonestDoor Price vs. That City Assessment

Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or the fact that your street has been selling well lately. It's a tax tool, not a market tool.

The HonestDoor Price is updated in real time using actual transaction data. And right now, it's telling a meaningfully different story than the city's numbers.

• Average city assessment for houses: $342,335
• Average HonestDoor Price for houses: $373,957 - that's 9.24% higher
• HonestDoor Price change from last period: up 1.80%
• Average city assessment for condos: $123,999
• Average HonestDoor Price for condos: $125,767 - up 0.61% from last period

For house owners, that gap is real money. A $31,000 difference between what the city thinks your home is worth and what the market is actually paying is not a rounding error. If you're using your assessment to decide whether to sell, refinance, or even just feel good about your net worth, you're working with stale data. Check your HonestDoor Price now - it's the real-world check that reflects what buyers are actually paying in Belvedere today.

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

If you own a house in Belvedere and you're thinking about listing this summer, the timing is genuinely decent. Homes are moving in under a month, buyers are paying close to full ask, and your HonestDoor Price is running well above your city assessment. You're not in a bidding-war market, but you're in a steady, functional one - and that's actually a comfortable place to sell from.

A few things to keep in mind before you list:

• Price it at or just below the HonestDoor Price of $373,957 - that's where the market is, not the city's $342,335
• With 26 average days on market, expect a reasonable timeline - not a weekend frenzy, but not a long wait either
• Neighbourhood growth is modest at 0.10% year over year, so this isn't a "wait and it'll be worth way more next year" situation - if you're ready, now works
• Belvedere ranks 50 out of all Edmonton neighbourhoods for total transaction volume - there's real activity here, not a ghost town

If you own a condo and want to sell this summer, go in with clear eyes. Price it sharp from day one, because 243 average days on market means overpriced units just sit. The good news is the predicted value of $125,010 is nudging upward, and if you're not in a rush, the fundamentals are quietly improving. But if you need to move it, price is your lever.

Bottom line: Belvedere is one of Edmonton's more affordable pockets, and right now the house market is working in sellers' favour. Check your HonestDoor Price, compare it to your assessment, and you'll have a much clearer picture of where you actually stand.

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.