Edgemont, Calgary - August 2026 Real Estate Report

Edgemont Real Estate Check-In: The Market Is Shifting, and Your Assessment Might Be Lying to You

If you own a home in Edgemont and you haven't looked at your property value lately, now is the time. The city's assessment says one thing. The actual market is saying something a little different. Here's the straight story on what's happening in our corner of northwest Calgary.

The Vibe: Houses vs. Condos in Edgemont Right Now

Houses - Taking a Breather

If you've been watching the "For Sale" signs on our streets, here's what's actually happening. House prices in Edgemont are cooling off. The average sale price sits at $777,417, which is down 5.4% from last month. Listings are coming in at $779,431, and homes are selling at 99.5% of list price - meaning buyers are getting a small edge at the negotiating table. That's a shift from the frenzied market we saw not long ago.

• Average sale price: $777,417 (down 5.4% from last month)
• Average list price: $779,431
• Price per square foot: $536
• Sale-to-list ratio: 99.5% - buyers are paying slightly under ask
• Average days on market: 21 days
• Properties sold this period: 6

Compare that to Hamptons, where homes are moving in 13 days. We're sitting at 21. That gap matters if you're planning to sell. It tells us buyers have a bit more breathing room here than they do one neighbourhood over. The predicted market value for Edgemont houses is $851,828, which is actually creeping up from the 3-month moving average of $844,675 - so the longer-term trend isn't falling off a cliff, it's just taking a pause.

On the neighbourhood leaderboard, Edgemont houses rank 73 out of 236 Calgary neighbourhoods for growth. That's a solid above-average position. We're not leading the pack, but we're well ahead of the middle of the field.

Condos - A Smaller Market, Worth Watching Closely

The condo side of Edgemont is a thin market right now. Only 1 condo sold this period, so take these numbers with some context - one sale can swing averages dramatically. That said, the average sale price came in at $620,000, while listings are averaging $449,000. Properties are selling at 98% of list price, and days on market is also 21 days, same as houses.

• Average sale price: $620,000
• Average list price: $449,000
• Price per square foot: $317
• Sale-to-list ratio: 98% - stable, slightly below ask
• Average days on market: 21 days
• Properties sold this period: 1

Here's something worth noting for condo owners: the HonestDoor Price for condos is $375,773, and it's actually ticked up 0.24% recently. But the city's assessed value is $461,471. That's a gap of over $85,000. If you're making financial decisions based on that assessment number, you could be working with seriously outdated information.

On the leaderboard, Edgemont condos rank 30 out of 175 Calgary neighbourhoods for price - putting us among the most expensive condo markets in the city. That's a strong position for owners, even if the current HonestDoor Price reflects a more modest real-world value right now.

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

Here's the thing about city assessments - they're a snapshot from months ago, built on formulas that don't react to what's happening on your street this week. The HonestDoor Price is updated in real time, using actual transaction data. It's the real-world check against a number the city calculated while the market was in a different place.

For Edgemont house owners, the city says your home is worth an average of $878,031. The HonestDoor Price says $847,181 - that's 3.51% lower. If you're using the assessed value to decide whether to sell, refinance, or even just feel good about your net worth, you could be off by over $30,000.

For condo owners, the gap is even wider. The city's average assessed value is $461,471. The HonestDoor Price is $375,773. That's an $85,000 difference. Decisions made on the assessed number alone could lead you somewhere the actual market won't support.

Edgemont has 4,772 houses and 543 condos assessed this year. That's a lot of homeowners who might be looking at a number that no longer reflects what a buyer would actually pay today. Checking your HonestDoor Price takes two minutes and gives you a current read - not last year's guess.

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

If selling is on your radar this summer, here's the honest take on where we stand.

For house sellers, the market is competitive but not broken. Homes are still moving - 135 transactions happened in Edgemont in 2026, which ranks us 25th in Calgary for total transaction volume. That's real activity. But buyers are getting pickier. At 21 days on market and 99.5% of list price, you need to come in priced right from day one. Overpricing and hoping to negotiate down is a strategy that's losing steam fast.

Your rental yield sits at 4.97% if you're considering holding instead of selling - that's a moderate return, not a home run, but it's steady. Estimated rent for a house is $3,749 per month. That's a real number to weigh against what a sale would net you after fees and taxes.

For condo sellers, the market is quieter and the data is thinner. With only 17 condo transactions in Edgemont in 2026 so far, liquidity is lower. Pricing sharp and marketing well matters even more when the pool of buyers is smaller. The rental yield on condos is 4.04%, with estimated rent at $1,915 per month - decent, but not a reason to hold indefinitely if your goals have changed.

Nearby, Hamptons is running hotter - higher prices, faster sales, stronger growth. Macewan Glen and Dalhousie are cheaper but growing. Edgemont sits in a solid middle ground: above-average prices, above-average activity, and a market that rewards sellers who price with current data instead of wishful thinking.

Bottom line - if you're thinking about making a move this summer, get your HonestDoor Price first. It's the number that reflects today, not last January.

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.