Cloverdale, Edmonton - August 2026 Real Estate Report

Cloverdale Real Estate: Your House Is Worth More Than the City Thinks

If you own a home in Cloverdale and you're still going off your city assessment, you're leaving money on the table. Here's what's actually happening on our streets right now.

The Vibe: Houses vs. Condos

Cloverdale is a split story right now, and it depends entirely on what you own.

On the house side, we are sitting in genuinely rare territory. The average sale price is $1,512,000, and the one home that sold this year went for 100.80% of list price - meaning the buyer paid above asking. That is not a typo. Days on market average 175, which is slow, but when a house does move, it moves at full price or better. The predicted market value sits at $740,700, up from a 3-month moving average of $718,531, and recent property value change is up 4.61%. That growth rate ranks 10 out of 292 neighbourhoods in Edmonton. Top 10. That is a leaderboard position worth paying attention to.

On the condo side, we need to be straight with each other. The average sale price dropped to $240,000 this month, down 42.9% from last month. Only one condo sold, and it went for 96.12% of list price - buyers are negotiating discounts. The predicted value of $346,800 is actually sliding below the 3-month moving average of $349,076. Condo growth ranks 232 out of 302 neighbourhoods in Edmonton. That is a cooling market, full stop. If you own a condo here, now is the time to watch closely, not wait.

• House average sale price: $1,512,000
• House price per sq ft: $531
• House sold-to-list ratio: 100.80% - above asking
• House growth rank: 10 out of 292 in Edmonton
• Condo average sale price: $240,000
• Condo price per sq ft: $203
• Condo sold-to-list ratio: 96.12% - below asking
• Condo growth rank: 232 out of 302 in Edmonton

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

Here is the thing about your city assessment - it is a snapshot from months ago, built on a formula that does not know your renovated kitchen or the fact that Cloverdale houses are ranked among the top 3 most expensive in all of Edmonton (price rank: 3 out of 285). It is a tax document, not a market reality check.

The HonestDoor Price for houses in Cloverdale is $736,011. The average city assessment is $721,376. That is a $14,635 gap - and the HonestDoor Price is updated in real time using actual transaction data. For condos, the story flips: the HonestDoor Price of $342,484 is actually running 4.10% below the city's assessed value of $357,136, which tells you the condo market has softened since that assessment was locked in.

Either way, your city assessment is not the number to rely on if you are making a real financial decision. The HonestDoor Price is the real-world check - it moves when the market moves.

• House HonestDoor Price: $736,011 - 2.03% above city assessment
• House city assessment: $721,376
• Condo HonestDoor Price: $342,484 - 4.10% below city assessment
• Condo city assessment: $357,136
• House rental estimate: $3,339 per month
• Condo rental estimate: $1,808 per month

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

If you own a house in Cloverdale, the case for listing this summer is real. You are in a top-10 growth neighbourhood, your price rank is top 3 in the city, and the last house that sold went above asking. Buyers are paying full price here. The listing average is $1,499,999 right now, and the market is absorbing it. That is a sellers' market, and summer foot traffic only helps.

The one honest caveat - days on market average 175. This is not a neighbourhood where you list on a Friday and accept an offer by Sunday. Price it right from day one, because sitting too long in a high-price bracket sends the wrong signal to buyers.

If you own a condo and are thinking about selling, move sooner rather than later. Values are drifting down, the growth rank is in the bottom quarter of Edmonton, and buyers are already negotiating below list. Waiting for the market to bounce back is a gamble right now. Nearby Riverdale condos are sitting at a predicted value of $351,926 - slightly above Cloverdale's $346,800 - so the competition is real.

Bottom line: Cloverdale is two different markets wearing the same neighbourhood name. Know which one you are in, check your HonestDoor Price today, and make your move based on real numbers - not last year's assessment.

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.