Crestwood, Edmonton - October 2026 Real Estate Report
Crestwood Real Estate Update: Your Home Is Worth More Than The City Thinks
If you own a home in Crestwood and you're still looking at your city assessment to know what it's worth, you're leaving real money on the table. Here's what's actually happening on our streets right now.
The Vibe: What's Going On In Crestwood
Crestwood sits in the top tier of Edmonton real estate - full stop. With a price rank of 14 out of 285 neighbourhoods for houses, and 16 out of 218 for condos, we're consistently one of the most expensive addresses in the city. That's not a fluke. That's what happens when you combine mature lots, river valley proximity, and a neighbourhood people actually want to live in.
That said, the market is taking a breather right now, and it's worth knowing what that means for your wallet.
Houses: The Numbers Right Now
- Average sale price this period: $848,125
- Average list price: $635,000
- Price per square foot: $871
- Homes are selling at 94.49% of list price - buyers are negotiating, and winning
- Average days on market: 66 days
- 4 properties sold - down 33.3% from last month
- Predicted market value (HonestDoor): $1,139,334
- 3-month moving average: $1,161,883
- Recent value change: -2.80%
- Growth rank: 203 out of 285 Edmonton neighbourhoods
Fewer sales, longer days on market, and buyers paying below asking - that's the honest picture for houses right now. The volume is thin (4 sales), so one or two outlier transactions can swing the average hard. Don't panic over the month-to-month swing. Watch the HonestDoor predicted value of $1,139,334 as your real benchmark - it smooths out the noise.
Condos: A Different Story
- Average sale price: $445,000
- Average list price: $479,000
- Price per square foot: $380
- Condos sold at exactly 100% of list price - no discounts here
- Average days on market: 22 days
- Selling faster than nearby West Jasper Place (28 days)
- Predicted market value (HonestDoor): $486,680
- Estimated rent: $2,433 per month
- Rental yield: 3.88%
- Days-on-market rank: 15 out of 113 Edmonton neighbourhoods - that's very fast
Crestwood condos are moving quickly and selling at full price. That's a balanced, stable market doing its thing. If you own a condo here, demand is holding up well compared to most of the city.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about city assessments - they're a snapshot from the past. The average assessed value for a Crestwood house sits at $1,031,690. Your HonestDoor Price is $1,135,431. That's a gap of over $103,000. That difference is not a rounding error - it's the city using old data while the real world has moved on.
The HonestDoor Price updates in real time using actual sales, market trends, and current comparable data. It's the number a buyer's agent is going to be working from when they sit across the table from you. Your assessment is what the city uses to calculate your tax bill. Those are two very different things, and mixing them up is one of the most common mistakes we see homeowners make.
Yes, the HonestDoor Price has dipped 0.23% from the previous period for houses - that's the market taking a breather. But it's still sitting 10.06% above the average assessed value in Edmonton. Knowing that gap exists is the first step to negotiating from a position of strength.
The "So What?" - Thinking About Selling This Summer?
Here's the straight talk if you're weighing a summer sale in Crestwood.
The house market is softer than it was. Buyers are negotiating below asking, homes are sitting for 66 days on average, and transaction volume is low. That doesn't mean it's a bad time to sell - Crestwood is still a top-14 neighbourhood in all of Edmonton for price. But it does mean you need to price sharp and present well. Overpricing right now will cost you time, and time on market costs you leverage.
On the neighbourhood leaderboard, Crestwood houses rank 203 out of 285 for growth rate. Nearby West Jasper Place and Grovenor are both growing faster right now - though they're also significantly cheaper. If a buyer is choosing between neighbourhoods, that's a conversation worth being ready for.
For condo owners, the picture is more encouraging. Full list-price sales and a days-on-market rank of 15 out of 113 means demand is real. If your condo is priced right, it should move.
The bottom line - pull your HonestDoor Price before you call an agent, before you set a list price, and before you make any decisions. It's the most current number you have, and in a market like this one, current beats everything.
Rental investors, take note too: houses here are generating an estimated $4,448 per month in rent with a yield of 4.75%. That's a reasonable return for a premium asset in a premium postal code.
Crestwood is not a neighbourhood that loses its footing easily. But right now, the edge goes to the sellers who know their real numbers - not the ones guessing from a year-old assessment letter.
crestwood | edmonton | october 2026This 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.