Cloverdale, Edmonton - July 2026 Real Estate Report

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

If you own property in Cloverdale and you're still going off your city assessment, you're leaving money on the table. The average HonestDoor Price for a home here sits at $740,700 - that's $19,324 above the average assessed value. The city's number is a snapshot from the past. The HonestDoor Price is what's happening right now.

The Vibe: Houses vs. Condos in Cloverdale

We've got two very different stories playing out on our streets right now, and it's worth knowing which one applies to you.

Houses - Taking a Breather

Let's be straight with you. The house market in Cloverdale is cooling off. Only 1 home sold recently, and the average sale price came in at $1,512,000 - down 42.9% from last month. That's a big swing, but with just one transaction, a single high-end sale can move that number dramatically either way. Don't panic, but don't get overconfident either.

• Average sale price: $1,512,000
• Average list price this month: $1,499,999
• Price per square foot: $531
• Sale-to-list ratio: 100.80% - that one buyer paid above asking
• Average days on market: 175 days - this is slow, ranking 95 out of 103 neighbourhoods in Edmonton
• Predicted market value (HonestDoor): $708,075
• Estimated monthly rent: $3,249 with a rental yield of 5.25%
• Growth rank: 143 out of 302 - solidly above average on the Edmonton leaderboard
• Price rank: 4 out of 285 - we are among the most expensive neighbourhoods in the city

Houses here are sitting longer than we'd like - 175 days is a real commitment for a seller. The upside is that when a deal does happen, buyers are still paying full price and then some. The predicted value of $708,075 is trending up from the 3-month average of $706,235, so the floor is holding. A rental yield of 5.25% is genuinely strong if you're thinking about holding rather than selling.

Condos - A Different Story Entirely

Our condo market is moving faster and showing real momentum. One unit sold in 29 days - compare that to nearby Riverdale where condos sit for 41 days. Buyers are active, and values are climbing.

• Average sale price: $420,000 - up 4.7% from last month
• Average list price this month: $428,800
• Price per square foot: $289
• Sale-to-list ratio: 97.95% - buyers are negotiating, but not by much
• Average days on market: 29 days
• Predicted market value (HonestDoor): $353,286
• Estimated monthly rent: $1,861 with a rental yield of 4.10%
• Growth rank: 52 out of 296 - that puts us in the top performers across Edmonton
• Price rank: 35 out of 220 - among the most expensive condo neighbourhoods in the city

That growth rank of 52 out of 296 is the number to pay attention to. It means Cloverdale condos are outperforming the vast majority of Edmonton neighbourhoods right now. Values are up 1.77% recently and the predicted value of $353,286 is climbing past the 3-month average of $345,744. That's real, measurable momentum.

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

Here's the thing about city assessments - they are calculated using data that is already months old by the time it lands in your mailbox. The city assessed the average Cloverdale home at $721,376. The HonestDoor Price says $740,700. That gap of roughly $19,000 is not a rounding error. It reflects what buyers are actually doing in the market today.

For condos, the story flips slightly. The average assessed value is $357,136, but the HonestDoor Price is $346,800 - down 1.84% from the previous period. That means the city may actually be overvaluing your condo right now. If you're appealing your assessment or pricing a listing, that distinction matters.

With 209 houses and 261 condos assessed this year across 470 total properties, Cloverdale has a solid data set behind these numbers. This is not a guess. Check your HonestDoor Price at honestdoor.com and compare it to your assessment. The difference tells you a lot about where the real market is sitting.

The So What - Thinking About Selling This Summer?

If you own a house in Cloverdale and want to sell this summer, go in with clear eyes. Prices are high - top 4 in all of Edmonton - but homes are taking time to sell. Price it right from day one. At 175 average days on market, an overpriced listing will sit, and a stale listing loses leverage fast. The buyer who does show up is willing to pay full price, so your job is getting them through the door.

If you own a condo, the timing is genuinely good. You're in a top-52 growth neighbourhood, values are ticking up, and condos here are selling faster than the competition nearby. A well-priced unit in Cloverdale right now has a real audience.

For anyone on the fence, the rental numbers give you a solid backup plan. Houses are yielding 5.25% - that is strong by any measure. Condos are at 4.10%, which is moderate but respectable. If the summer market does not deliver the price you want, holding and renting is a legitimate strategy here.

Bottom line - Cloverdale is one of Edmonton's pricier addresses for good reason. Know your real number before you make any move. That starts with your HonestDoor Price, 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.