Cavanagh, Edmonton - July 2026 Real Estate Report

Cavanagh Real Talk: Two Very Different Stories Under One Roof

If you live in Cavanagh and you're trying to figure out what your home is actually worth right now, here's the honest answer: it depends entirely on what type of property you own. Houses and condos are moving in completely opposite directions this summer, and knowing which side you're on could change your entire game plan.

The Vibe: Houses vs. Condos

Let's start with houses, because the numbers need some context before you panic.

The average sale price for houses this month sits at $453,414 - down 28.6% from last month. That's a big headline number, but here's what it actually means for us: we're seeing fewer sales (7 transactions this month) and homes are sitting on the market for an average of 55 days. Compare that to our neighbour Allard, where homes are moving in 35 days, and it's clear Cavanagh houses are taking a breather right now. Buyers paid an average of 97.77% of list price, so sellers are giving up a little ground to get deals done.

• Average house sale price: $453,414
• Average list price this month: $496,225
• Price per square foot: $214
• Days on market: 55 (vs. 35 in Allard)
• Properties sold this month: 7
• Sale-to-list ratio: 97.77%
• Growth rank: 251 out of 302 neighbourhoods in Edmonton

The predicted market value for a Cavanagh house is $563,222, which is actually sliding below the 3-month moving average of $569,500. Values have dipped 1.60% recently. On the neighbourhood leaderboard, that growth rank of 251 out of 302 puts houses firmly in the bottom third of Edmonton right now. Not a crisis - but not a seller's dream either.

The silver lining? If you're thinking about renting your house out, the numbers are genuinely solid. Estimated rent is $2,759 per month with a rental yield of 5.52%. That's a strong return and worth keeping in your back pocket.

Now flip to condos, and the story is completely different for us condo owners.

Condo values in Cavanagh are actually climbing. The predicted market value is $401,623 - up from the 3-month moving average of $393,740. Values have moved up 2.94% recently, and on the neighbourhood leaderboard, Cavanagh condos rank 31 out of 296 Edmonton neighbourhoods for growth. That puts us in the top 11% of the city. That's a real number worth talking about.

• Average HonestDoor Price (condo): $397,114
• Predicted market value: $401,623
• Recent value change: +2.94%
• Growth rank: 31 out of 296 Edmonton neighbourhoods (top performers)
• Estimated rent: $2,070 per month
• Rental yield: 4.02%
• Transactions in 2026: 3

One thing to watch: Cavanagh condos are priced significantly higher than nearby Callaghan ($281,771) and Allard ($207,937). We're in a different price tier here, which means our buyer pool is smaller. But the upward momentum is real.

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

Here's something most Cavanagh homeowners don't realize. The city's assessed value for houses in our neighbourhood averages $564,657. The average HonestDoor Price is $575,257 - that's 1.88% higher than what the city says your home is worth.

Why does that gap matter? Because the city's assessment is a snapshot from months ago. It doesn't know what happened to sales last month. It doesn't know that 55 days is the new normal for houses sitting on the market. The HonestDoor Price updates in real time using actual transaction data, so it reflects what a buyer would realistically pay today - not what a government formula calculated last winter.

For house owners, the HonestDoor Price has increased 2.14% from the previous period, even as recent sale prices have softened. That gap between the live estimate and what's actually closing is exactly the kind of intelligence you need before you price a listing or negotiate a sale. For condo owners, the HonestDoor Price sits at $397,114 - but the predicted market value of $401,623 suggests the real-world number is already moving past it.

Bottom line: your tax assessment is a starting point. Your HonestDoor Price is the real-world check.

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

If you own a house in Cavanagh and you're thinking about listing this summer, go in with clear eyes. The market is cooling. Homes are taking nearly two months to sell, buyers are negotiating below list price, and our growth rank of 251 out of 302 tells you this isn't a bidding-war market right now. That doesn't mean you can't sell - it means you need to price it right from day one. An overpriced listing in a 55-day market will cost you more time and money than a sharp price upfront.

If you own a condo, your timing is actually pretty good. You're sitting in the top 11% of Edmonton neighbourhoods for growth, values are trending up, and you're outperforming nearby Callaghan and Allard on price appreciation. A well-priced condo with a strong rental yield story (4.02%) is a compelling listing for investors and first-time buyers alike.

Either way, pull your HonestDoor Price before you have a single conversation with an agent. It takes 30 seconds and it means you walk into that conversation knowing the real number - not the one on last year's tax notice.

• Cavanagh neighbourhood size: 1,143 assessed properties
• Total 2026 transactions (houses): 22
• Neighbourhood growth rate: 0.06% year over year
• Average Airbnb estimate (house): $139 per night
• Average Airbnb estimate (condo): $103 per night
• Cavanagh Airbnb rank in Edmonton (houses): 142 out of Edmonton neighbourhoods

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.