Crestwood, Edmonton - July 2026 Real Estate Report

Crestwood Real Estate Right Now: Your Home Is Worth More Than the City Thinks

If you own a home in Crestwood and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment says the average house here is worth $1,030,913. The HonestDoor Price says $1,171,963. That is a $141,050 gap - and that gap matters when you are making decisions about selling, refinancing, or just knowing where you stand.

The Vibe: What Is Actually Happening in Our Neighbourhood

Crestwood is one of Edmonton's pricier pockets, and the numbers back that up. We rank 7th out of 285 neighbourhoods for house prices across the city. That is not a fluke - that is decades of large lots, mature trees, and proximity to the river valley doing their job. Here is a quick snapshot of where we are right now:

• Average HonestDoor Price (Houses): $1,171,963 - down 1.10% from last period
• Average Assessed Value: $1,030,913 - already 13.68% below what HonestDoor is tracking
• Average Sale Price This Month (Houses): $1,666,680 - up 35.6% from last month
• Price Per Square Foot: $2,088
• Average Days on Market: 5 days - we rank 4th out of 103 Edmonton neighbourhoods for speed
• Properties Sold at: 97.75% of list price
• Rental Estimate: $4,550 per month
• Airbnb Estimate: $226 per night
• 821 properties assessed this year, 35 transactions recorded in 2026

Houses vs. Condos - Two Very Different Stories

Let us be straight with each other here. Houses and condos in Crestwood are not moving the same way right now.

Houses: Things are moving fast. Five sales this month, average of 5 days on market, and a predicted market value of $1,186,328 - up from the 3-month moving average of $1,156,593. That upward trend is real. Our growth rate ranks 57th out of 302 Edmonton neighbourhoods. That puts us in the top 19% citywide. Buyers are paying close to list price, and homes are not sitting. If your house is priced right, it is gone in a week.

Condos: A different picture. One sale this month at $445,000, with a predicted market value of $484,182 - actually down from the 3-month moving average of $489,290. The recent value change sits at -4.94%, and the growth rank is 263rd out of 296. That is a cooling signal worth paying attention to. The one bright spot - condos here are still selling faster than nearby West Jasper Place (22 days vs. 28 days), and the average HonestDoor Price of $490,939 is up 1.40% from last period. So it is not a freefall, but it is taking a breather.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about government assessments - they are a snapshot from the past. The city looks at sale data from months ago, runs it through a formula, and mails you a number. By the time it lands in your mailbox, the market has already moved.

The HonestDoor Price is updated in real time using current sales, current demand signals, and current market conditions. For Crestwood houses, that means the HonestDoor Price is already tracking 13.68% higher than the city's assessment. On a $1,030,913 assessed home, that is roughly $141,000 the city is not counting. If you are using your assessment to make any financial decision - talking to a lender, thinking about listing, or just benchmarking your net worth - you want the number that reflects today, not last year.

Nearby, River Valley Capitol Hill is sitting at an average HonestDoor Price of $1,327,483 for houses. That is the ceiling we are working toward. West Jasper Place ($568,534) and Grovenor ($582,572) are both growing slightly faster year-over-year, but they are not in the same price tier. Crestwood is holding its position near the top of the Edmonton leaderboard.

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

If you are a house owner in Crestwood and you are even loosely thinking about selling this summer, the conditions are about as good as they get. Homes are moving in 5 days on average. Buyers are paying 97.75% of list price. The predicted value is trending up. You are in a neighbourhood that ranks 7th for price and 4th for selling speed across all of Edmonton. That combination does not come around all the time.

The one thing to watch - that 1.10% dip in the HonestDoor Price from last period. It is not alarming, but it is a reminder that waiting too long in any market carries risk. Pricing it right from day one matters more than ever when buyers are informed and moving quickly.

If you own a condo here, be realistic about pricing. The market is balanced right now - one sale, stable list-to-sale ratio, but a declining 3-month trend. Overpricing will cost you time, and time in a cooling condo market is not your friend.

Bottom line - Crestwood is still one of Edmonton's strongest addresses. Check your HonestDoor Price, know your real number, and make your move with accurate information in hand.

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.