Crestwood, Edmonton - August 2026 Real Estate Report

Crestwood Real Estate Update: Still One of Edmonton's Priciest Spots, But the Market Is Shifting

If you own a home in Crestwood and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment is telling one story. The real market is telling another - and the gap between them is significant.

The Vibe: What's Actually Happening in Our Neighbourhood

Crestwood sits in the top tier of Edmonton real estate. Full stop. But right now, depending on whether you own a house or a condo, you're looking at two very different situations. Let's break it down.

Houses: High-Value, Fast-Moving, But Taking a Breather

We're still talking about some of the most expensive houses in the city. The average sale price for a Crestwood house sits at $1,207,467, and the price per square foot is $1,258 - that's elite territory. Price rank is 8 out of 285 neighbourhoods in Edmonton. We're near the very top.

That said, the market is clearly taking a breather. Sale prices are down 27.6% from last month, only 3 houses sold (down 40% from the month before), and buyers are landing deals at 98.18% of list price. That means there's room to negotiate right now - something that wasn't true not long ago.

• Average sale price: $1,207,467
• Average list price this month: $1,233,200
• Price per square foot: $1,258
• Average days on market: 20 days
• Sales-to-list ratio: 98.18% - buyers are paying slightly below ask
• Properties sold in 2026: 39 total transactions
• Predicted market value: $1,174,101
• Estimated monthly rent: $4,550
• Rental yield: 4.70%
• Recent value change: -1.10%
• Growth rank: 230 out of 292 neighbourhoods - below average right now
• Days-on-market rank: 19 out of 108 - one of the fastest-selling in Edmonton
• Price rank: 8 out of 285 - among the most expensive in Edmonton

One bright spot - our houses are still selling faster than nearby West Jasper Place (20 days vs. 28 days). Demand hasn't disappeared. It's just more selective. Buyers are here, but they're not in a panic.

Condos: Steady, Surprisingly Pricey, and Moving Fast

Crestwood condos don't get talked about as much, but they're quietly holding their own. One condo sold this period at $445,000 - right at list price. A 100% sales-to-list ratio means no discounting, no drama. That's a balanced market doing exactly what it should.

• Average sale price: $445,000
• Average list price this month: $479,000
• Price per square foot: $380
• Average days on market: 22 days
• Sales-to-list ratio: 100% - selling right at asking price
• HonestDoor Price: $493,869 - up 0.60% from last period
• Predicted market value: $490,939
• Estimated monthly rent: $2,453
• Rental yield: 3.87%
• Recent value change: +1.40%
• Growth rank: 104 out of 302 neighbourhoods - above average
• Days-on-market rank: 16 out of 111 - very fast-selling in Edmonton
• Price rank: 15 out of 218 - among the most expensive condos in Edmonton

Compare that to condos in nearby River Valley Capitol Hill ($258,000), West Jasper Place ($121,192), or Grovenor ($375,029) - Crestwood condos are in a different league. If you own one, that's worth knowing.

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

Here's the number that matters most right now. The city's average assessed value for a Crestwood house is $1,031,690. The average HonestDoor Price is $1,170,913. That's a gap of 13.49% - and that gap represents real money sitting on the table that a static government assessment simply won't show you.

City assessments are snapshots frozen in time. They don't react to what sold last week, what buyers are offering today, or how fast homes are moving in our specific neighbourhood. The HonestDoor Price is updated in real time, pulling from actual transaction data. It's the real-world check against a number that was calculated months ago and hasn't moved since.

For condos, the HonestDoor Price of $493,869 is also trending upward - a 0.60% increase from last period. That's a small but meaningful signal that condo values here are holding ground even as the broader market cools.

If you're making any financial decision - refinancing, selling, or just figuring out where you stand - use the HonestDoor Price as your starting point, not the assessment notice in your mailbox.

The 'So What?': Thinking About Selling This Summer?

Here's the honest take for anyone in Crestwood considering a summer sale.

For house sellers - the window is still open, but it's narrowing. Prices have dipped recently and the growth rank of 230 out of 292 tells us we're not in a runaway appreciation market right now. But here's the flip side: homes are still selling in 20 days on average, and we're ranked 19th fastest in all of Edmonton. Buyers are active. Price it right and you'll move it. Price it like it's 2022 and you'll sit.

The neighbourhood's year-over-year growth is 0.06% - modest. Nearby West Jasper Place (0.09%) and Grovenor (0.08%) are actually growing faster right now. That doesn't mean Crestwood is losing its appeal - it means the premium is already baked in at this price level. You're selling a top-8 neighbourhood in Edmonton. That story still sells itself.

For condo sellers - the picture is calmer. Values are up slightly, the market is balanced, and buyers are paying full ask. If you've been waiting for a stable moment to list, this is it.

• Houses: Price sharp, move fast - the 20-day average is your friend if you're realistic on price
• Condos: Stable and balanced - a clean listing at the right number should close without drama
• Both property types: Check your HonestDoor Price before you set an asking price - the gap vs. assessed value is too big to ignore
• Neighbourhood leaderboard standing: Top 8 in price, top 19 in speed - Crestwood's reputation is intact even in a softer patch

Bottom line - Crestwood is still one of Edmonton's premier addresses. The market is recalibrating, not collapsing. If you know your real numbers and price accordingly, summer 2026 can still be a very good time to sell.

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.