Crescent Park, Winnipeg - August 2026 Real Estate Report

Crescent Park, Winnipeg: Your Neighbour Just Listed. Here Is What You Need To Know.

If you have been watching the "For Sale" signs pop up around Crescent Park this season, here is the straight story on what is actually happening to property values in our corner of Winnipeg - no spin, no filler.

The Vibe: Houses vs. Condos

Houses - Taking a Breather

Let us be honest: the house market in Crescent Park is cooling off a bit. The average sale price sits at $456,940 this month, which is down 15% from last month. That is a notable dip. Homes are sitting on the market for about 20 days on average, which is a little slower than nearby Pulberry at 16 days. Buyers are also paying about 97.44% of list price, meaning sellers are giving a little ground at the negotiating table.

• Average sale price: $456,940 (down 15% from last month)
• Average list price: $524,900
• Price per square foot: $358
• Average days on market: 20 days
• Sale-to-list ratio: 97.44%
• Properties sold this month: 5
• Rental yield: 5.61% - that is a strong return for landlords
• Estimated monthly rent: $2,547

On the neighbourhood leaderboard, Crescent Park houses rank 133 out of 193 Winnipeg neighbourhoods for growth rate - that puts us in the below-average tier right now. But here is the flip side: we rank 62 out of 185 for price, which means we are still sitting above average in value compared to most of the city. Days-on-market ranks 19 out of 71, so homes are not exactly flying off the shelf, but they are not gathering dust either.

Condos - A Different Story

The condo side of Crescent Park is actually moving in the right direction. The average sale price hit $342,800 this month, up 6.5% from last month. Only 1 condo sold, so take that momentum with a grain of salt - thin volume means one sale can swing the numbers. Still, the trend is pointing up, and the predicted market value of $2,493,407 is creeping higher than the 3-month moving average of $2,490,766.

• Average sale price: $342,800 (up 6.5% from last month)
• Average list price: $354,900
• Price per square foot: $281
• Average days on market: 22 days
• Sale-to-list ratio: 97.44%
• Estimated monthly rent: $6,555
• Rental yield: 2.73%

On the condo leaderboard, Crescent Park ranks 53 out of 175 Winnipeg neighbourhoods for growth - that is above average, and a genuinely solid position. Price rank is 38 out of 123, also above average. Condos here are holding their own.

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

Here is the thing about your city assessment: it is a snapshot from the past. By the time it lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, which means it reflects what buyers are actually paying today - not what they were paying a year or two ago when the city last ran its numbers.

Right now, the average HonestDoor Price for houses in Crescent Park is $524,567, up 1.15% from the previous period. For condos, it is $2,542,274, up 1.96%. Your city assessment almost certainly does not reflect either of those numbers. If you are making any decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is the real-world check you need.

Think of it this way: your tax assessment tells you what your home was worth. The HonestDoor Price tells you what it is worth.

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

If you are a homeowner in Crescent Park eyeing a summer sale, here is the practical read on the situation.

• The house market is softer than it was - buyers have a bit more leverage right now, and homes are taking a few extra days to move compared to some nearby neighbourhoods.
• Pricing sharp matters. Homes are selling at 97.44% of list price, so if you list too high, you will sit. Price it right and you can still get a clean deal in around 20 days.
• Your HonestDoor Price of $524,567 is running higher than the current average sale price of $456,940 - that gap is worth a conversation with your agent before you set your number.
• If you own a condo, the momentum is more encouraging. Prices are up month-over-month and the growth rank puts Crescent Park condos in the top third of the city.
• Compared to neighbours like Pulberry (houses at $479,817) and Maybank (houses at $376,854), Crescent Park is still a premium address. Victoria Crescent at $860,207 is the luxury tier above us, but we are holding a strong middle-ground position.

Bottom line: summer 2026 in Crescent Park is not a panic market, but it is not a feeding frenzy either. Sellers who price honestly and move decisively will do fine. Those who chase last year's peak numbers will find themselves relisting. Check your HonestDoor Price, know your number, and make a smart call.

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.