Elmwood Court, Stony Plain - July 2026 Real Estate Report

Elmwood Court Condos: Prices Are Slipping - Here Is What Every Owner Needs to Know Right Now

The Vibe in Elmwood Court

If you own a condo in Elmwood Court and you have not checked your numbers lately, now is the time to pay attention. The market here is taking a breather. Values are drifting down, and the data is pretty clear about it. Here is the honest picture for us locals.

• Average HonestDoor Price: $229,400 - down 2.39% from the previous period
• Average sale price for condos: $142,500
• Current listings averaging: $144,900
• Price per square foot: $189
• Homes selling at 98.34% of list price - buyers are getting a small discount
• Average days on market: 17 days
• Only 1 condo sold so far in 2026

We are sitting in a stable buyers market right now. That means buyers have a little leverage, and sellers need to price sharp to get a deal done. The good news is that 17 days on market is actually not bad - properties here are moving at a moderately fast pace compared to other Stony Plain neighbourhoods, ranking 6 out of 15 for speed of sale.

On the neighbourhood leaderboard, though, we have to be straight with you. Elmwood Court ranks 32 out of 33 neighbourhoods in Stony Plain for growth. That puts us near the bottom of the pack right now. The predicted market value of $235,015 is also trending down from the 3-month moving average of $237,873, and recent property value change sits at -3.51%. This is not a panic moment, but it is a "pay attention" moment.

How We Stack Up Against the Neighbours

Context matters. Here is how Elmwood Court condos compare to what is happening on nearby streets.

• Cove Properties - HonestDoor Price $201,300, rental estimate $1,104 - cheaper than us
• Cedar Brae II - HonestDoor Price $257,082, rental estimate $1,390 - a step up in price
• Westerra Manor - HonestDoor Price $181,636, rental estimate $997 - the most affordable of the group

Our predicted value of $235,015 is notably higher than nearby Cove Properties at $197,970, which tells us Elmwood Court still holds a real pricing advantage over some of its closest competition. We are not the cheapest option on the block, and that matters when buyers are shopping around.

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

Here is the thing about your city assessment: it is a snapshot from months ago, sometimes longer. It does not know that values in Elmwood Court have shifted by -3.51% recently. It does not update when the market moves. It is basically a photograph of a market that no longer exists.

Your HonestDoor Price is different. It is a real-time read on what your condo is actually worth today - not last year, not at the last assessment cycle. Right now, the average HonestDoor Price for condos here is $229,400. That is the number worth knowing if you are making any financial decision tied to your property - whether that is refinancing, selling, or just understanding your net worth.

With values sliding and the growth rank sitting at 32 out of 33, relying on an outdated assessment could give you a false sense of where you stand. The HonestDoor Price is your real-world check.

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

If selling is on your radar this summer, here is the straight talk.

• Values are down 2.39% and the trend is still drifting lower - waiting is not obviously going to help you
• Buyers are paying about 98.34% of list price - so if you list at $144,900, expect offers closer to $142,500
• 17 days on market means a well-priced condo does move - you are not looking at a long, painful wait
• Rental yield sits at 4.28% - if selling feels risky, holding and renting at an estimated $1,278 per month is a reasonable alternative
• Airbnb potential is around $63 per month - not a game-changer, but worth knowing

The window to sell at a stronger price may be narrowing. Growth is ranked near the bottom of Stony Plain right now, and the 3-month trend is pointing down. If you are serious about selling, pricing it right from day one - not high with room to drop - is the move that actually gets it sold. Check your HonestDoor Price first, then have that conversation with your agent. That is the smartest first step any Elmwood Court owner can take right now.

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.