Crestwood, Edmonton - June 2026 Real Estate Report

Crestwood Is Quietly One of Edmonton's Most Expensive Addresses - And the Numbers Prove It

If you own a home in Crestwood and you haven't checked your HonestDoor Price lately, you're probably leaving a serious amount of money on the table. This neighbourhood sits in the top 3% of Edmonton for price, homes are selling in days, and the gap between what the city thinks your place is worth and what the market will actually pay is wider than most people realize. Here's the real breakdown.

The Vibe: Houses vs. Condos in Crestwood Right Now

Houses - Fast, Expensive, and Holding Strong

We're seeing houses in Crestwood move at a pace that would make most Edmonton neighbourhoods jealous. The average days on market is just 5 days - that's not a typo. That ranks 5th out of 103 Edmonton neighbourhoods for speed. When a house hits the market here, it doesn't sit.

• Average sale price: $1,476,875 - up 14.6% from last month
• Average list price: $749,900
• Price per square foot: $1,095
• Sale-to-list ratio: 97.75% - buyers are paying just under asking
• Properties sold this period: 2
• Average days on market: 5 days
• Predicted market value: $1,163,377
• 3-month moving average: $1,135,932 - values are climbing
• Estimated monthly rent: $4,502
• Rental yield: 4.73%
• Recent value change: 3.92%
• Growth rank: 25 out of 305 Edmonton neighbourhoods
• Price rank: 7 out of 286 Edmonton neighbourhoods

That growth rank is worth pausing on. Out of 305 comparable neighbourhoods tracked across Edmonton, Crestwood houses land in the top 8% for growth. On the neighbourhood leaderboard, we're near the top. That's not luck - that's location, lot size, and the kind of housing stock that doesn't come up often.

Sales volume is low at 2 transactions this period, down 50% from last month. Low supply with strong demand is exactly what keeps prices elevated. There simply aren't many homes coming to market here, and when they do, buyers move fast.

Condos - Stable, Underrated, and Outpacing the Neighbours

The condo side of Crestwood tells a different story, but it's still a good one for us. The market here is balanced and steady - not flashy, but reliable.

• Average sale price: $445,000
• Average list price: $479,000
• Price per square foot: $380
• Sale-to-list ratio: 100% - condos are selling at full asking price
• Properties sold this period: 1
• Average days on market: 22 days
• Predicted market value: $509,354
• 3-month moving average: $491,859 - values are rising
• Estimated monthly rent: $2,533
• Rental yield: 3.84%
• Recent value change: 7.38%
• Growth rank: 35 out of 295 Edmonton neighbourhoods
• Price rank: 15 out of 223 Edmonton neighbourhoods

Condos here are selling faster than nearby West Jasper Place, where units average 28 days on market. At 22 days, Crestwood condos are moving with purpose. And that 7.38% recent value change is hard to ignore - it ranks 35th out of 295 neighbourhoods for growth. Top 12% in Edmonton. That's a strong position for a product type that often gets overlooked in a neighbourhood known for its houses.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing most Crestwood homeowners don't realize. The city's assessed value for a house here averages $1,030,704. That number is what your property tax bill is based on. But the average HonestDoor Price - which pulls from real-time market data, actual sales, and current demand signals - sits at $1,184,712. That's a gap of nearly $154,000, or 14.94% higher than what the city has on file.

Government assessments are snapshots from the past. They're calculated using data that can be 12 to 18 months old by the time it reaches your mailbox. The HonestDoor Price is updated continuously, reflecting what buyers are actually paying right now. If you're making any financial decision - refinancing, selling, estate planning, or just benchmarking your net worth - the HonestDoor Price is the number that reflects reality.

On the condo side, the HonestDoor Price is $484,182, though it has dipped 4.94% from the previous period. That's worth watching. It doesn't mean panic - the predicted market value of $509,354 is still climbing above the 3-month average - but it's a signal to stay current on your numbers rather than assuming everything is moving in one direction.

822 properties were assessed in Crestwood this year. That's a lot of neighbours who may be making decisions based on a number that's already out of date. Checking your HonestDoor Price takes two minutes and gives you the real-world picture.

The "So What?" - Should You Sell in Crestwood This Summer?

If you're a house owner thinking about listing this summer, the conditions are about as good as they get in this city. Here's the honest read:

• Homes are selling in 5 days on average - your house won't sit
• Buyers are paying 97.75% of list price - you're not giving much away
• Supply is tight - only 25 total transactions in Crestwood in 2026 so far, which means less competition for your listing
• You're in the top 8% of Edmonton for neighbourhood growth and top 3% for price - that's your pitch to buyers
• The HonestDoor Price is running nearly $155,000 above the city's assessment - price your home to the market, not to the tax roll

For condo owners, the picture is more nuanced. The market is balanced, not booming. Buyers are paying full asking price, which is a good sign, but volume is thin and the HonestDoor Price has pulled back slightly. If you're thinking about selling, it's worth getting a current read on your HonestDoor Price before you set a number. Pricing right the first time matters more in a lower-volume market.

Compared to nearby neighbourhoods, Crestwood houses are significantly more expensive than Grovenor ($586,454 HonestDoor Price) and West Jasper Place ($567,271). River Valley Capitol Hill is the only neighbour running above us at $1,343,630. That context matters - Crestwood is premium, and buyers who are shopping here know it. Don't undersell that.

Bottom line - if you've been on the fence about selling, this summer in Crestwood is not the time to wait. Check your HonestDoor Price, understand the gap between that and your assessment, and make your move with the right number 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.