Cavanagh, Edmonton - August 2026 Real Estate Report

Cavanagh, Edmonton: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Cavanagh and you're still going off your city assessment, you're probably leaving money on the table - or at least working with stale numbers. Here's what's actually happening on the ground right now.

The Vibe: What the Market Is Doing in Cavanagh

Let's split this into two conversations, because houses and condos are telling very different stories right now.

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

If you've been watching the "For Sale" signs in Cavanagh, here's what's actually happening. Houses are selling quickly - averaging just 16 days on market. That's faster than nearby Callaghan, where homes are sitting for 20 days. So demand is real. But the price story is a bit more complicated.

• Average sale price this month: $408,000 - down 10.0% from last month
• Average list price: $409,900
• Homes are selling at 99.54% of list price - buyers are getting a slight edge
• Price per square foot: $147
• HonestDoor predicted market value: $575,257
• 3-month moving average: $570,287 - and values are trending up
• Estimated monthly rent: $2,806
• Rental yield: 5.50% - that's a strong return
• Recent value change: up 2.14%
• Growth rank: 52 out of 292 neighbourhoods in Edmonton - top tier
• Days-on-market rank: 15 out of 108 - one of the fastest-selling areas in the city

The short version: one month of softer sale prices doesn't erase the bigger trend. The HonestDoor predicted value is climbing, and Cavanagh houses are moving faster than most of Edmonton. That days-on-market rank of 15 out of 108 is a serious leaderboard stat - we're near the top of the city for speed.

Condos - Steady, But Know Where You Stand

The condo picture in Cavanagh is quieter. There were only 3 transactions in 2026 so far, which means we're working with a thin slice of data. That said, the numbers we do have are worth knowing.

• Average HonestDoor Price: $396,916 - down just 0.05% from last period
• Predicted market value: $397,114 - slightly above the 3-month average of $396,291
• Estimated monthly rent: $2,068
• Rental yield: 4.02% - moderate, but still positive
• Airbnb estimate: $103 per night
• Recent value change: -1.12%
• Growth rank: 208 out of 302 neighbourhoods in Edmonton

Condos here are holding value, but the growth rank of 208 out of 302 puts us below average compared to the rest of Edmonton. If you own a condo in Cavanagh, this isn't a panic moment - but it's a good reason to keep a close eye on your numbers rather than assuming things are moving in your favour.

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

Here's the thing about your city assessment. It's a snapshot taken months ago, using data that's even older than that. It doesn't know what happened on your street last week. The HonestDoor Price is updated in real time, pulling in actual recent sales and current market signals.

For Cavanagh houses, the average city assessment sits at $564,657. The average HonestDoor Price is $571,237 - that's 1.17% higher than the assessed value. On a home in this price range, that gap is real money. If you're making any decision - selling, refinancing, or just figuring out your net worth - the HonestDoor Price is the number that reflects what a buyer would actually pay today, not what a government formula calculated last year.

With 1,143 properties assessed in Cavanagh this year, there's a solid base of data behind these numbers. This isn't a guess - it's a real-world check.

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

If you're a house owner in Cavanagh and you're considering listing this summer, the timing has some things going for it. Homes are selling fast - that 16-day average is genuinely strong. The predicted market value of $575,257 is trending upward from the 3-month average. And a growth rank of 52 out of 292 Edmonton neighbourhoods means we're punching above our weight on appreciation.

The one thing to watch: that 10% month-over-month dip in average sale prices. One data point doesn't make a trend, especially with low transaction volume, but it's worth pricing smart rather than chasing a number. Homes that sold this month got 99.54% of list price - meaning buyers are negotiating, even if only slightly. Price it right from day one and you'll move it fast.

For condo owners, summer is a reasonable time to list, but go in with clear eyes. The growth rank puts Cavanagh condos in the bottom half of Edmonton right now. That doesn't mean you can't get a good price - it just means the market won't do the heavy lifting for you. Know your HonestDoor Price, price competitively, and lean into the rental yield story ($2,068 per month, 4.02% yield) if you're marketing to investors.

Bottom line: Cavanagh is a solid neighbourhood with real demand, especially for houses. Check your HonestDoor Price before you make any move - it's the most current number you've got.

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.