Elmwood Court, Stony Plain - October 2026 Real Estate Report
Elmwood Court, Stony Plain: Your Condo Is Worth More Than You Think - But Act Smart
The Vibe Right Now
If you own a condo in Elmwood Court and you haven't checked your numbers lately, here's the honest picture. The average HonestDoor Price sits at $234,155 - up 3.52% from the previous period. That's real money moving in the right direction. But here's the thing: actual condos are selling at an average of $142,500, and the predicted market value is tracking at $226,185. There's a gap worth understanding before you make any moves.
We're in a stable buyers' market right now. Buyers are paying about 98.34% of list price, which means sellers are getting close to what they ask - but not everything. Price your unit right and you're fine. Get greedy and it sits.
- Average HonestDoor Price: $234,155 (up 3.52%)
- Average sale price: $142,500
- Average list price this month: $144,900
- Price per square foot: $189
- Average days on market: 17
- Sale-to-list ratio: 98.34%
- Predicted market value: $226,185
- 3-month moving average: $228,115
The Neighborhood Leaderboard - Where Elmwood Court Stands
Let's be straight with you. On the Stony Plain growth leaderboard, Elmwood Court condos rank 22 out of 32 neighborhoods. That puts us in below-average territory for growth right now. Values have dipped 1.13% recently, and the predicted value is trending slightly below the 3-month average. The market is taking a breather here.
The silver lining? Our days-on-market rank is 6 out of 15 - meaning condos here sell moderately fast compared to the rest of Stony Plain. When a unit is priced well, buyers show up. Seventeen days to a sale is not a bad story at all.
On price rank, we sit at 14 out of 18 in Stony Plain - below average. But compared to our closest neighbors, we're holding our own. Westerra Manor condos are predicted at $181,389 and Cove Properties at $197,899. Elmwood Court's $226,185 predicted value beats both of them.
- Growth rank: 22 out of 32 (below average in Stony Plain)
- Days-on-market rank: 6 out of 15 (moderately fast)
- Price rank: 14 out of 18 (below average in Stony Plain)
- Airbnb rank in Stony Plain: 20
- Total transaction rank in Stony Plain: 6
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's what most Elmwood Court owners don't realize. Your city assessment is a snapshot frozen in time - it's built on old sales data and gets updated once a year, sometimes less. A lot can change in 12 months. The HonestDoor Price is a live, real-world check that updates as the market moves. Right now it's showing $234,155 for the average Elmwood Court condo.
Why does that gap matter to your wallet? Because if you're making decisions - refinancing, selling, even just figuring out if your insurance coverage makes sense - you want today's number, not last year's guess. The HonestDoor Price is built to reflect what a buyer would actually pay right now, not what a government office estimated 18 months ago.
Rental investors, take note too. The estimated rent here is $1,232 per month with a rental yield of 4.29%. That's a moderate but real return. Cedar Brae next door is pulling $1,581 in estimated rent, so there's upside if the market shifts - but for now, Elmwood Court is a steady, not spectacular, rental play.
- HonestDoor Price: $234,155 (up 3.52% - your live market number)
- Estimated monthly rent: $1,232
- Rental yield: 4.29%
- Airbnb potential: roughly $62 per month
The So What - Thinking About Selling This Summer?
If you're weighing a summer sale, here's the real talk. Three condo transactions happened in Elmwood Court in 2026 so far. That's a thin market - which means your listing won't get lost in a crowd, but it also means buyers have limited comps to push back on your price. Use that to your advantage.
Seventeen days on market and a 98.34% sale-to-list ratio tells us that well-priced units move. The buyers are there. They're just not overpaying. Come in at $144,900 or close to it and you're in the zone where deals get done. Push too far above that and you're the listing that sits while your neighbors watch.
The predicted value is dipping slightly - down 1.13% recently and tracking below the 3-month average of $228,115. That's not a crisis, but it's a nudge. If selling is on your radar, sooner is smarter than later while the HonestDoor Price is still showing strength at $234,155. Waiting for the market to climb back up is a gamble when the trend line is pointing the other way right now.
Bottom line for Elmwood Court owners: you're sitting in a stable, moderately active condo market that beats your closest neighbors on predicted value. Price it right, move with the market, and check your HonestDoor Price before you do anything else.
elmwood court | stony plain | 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.