Elmwood Court, Stony Plain - September 2026 Real Estate Report

Elmwood Court Condos Are Holding Steady - But Here Is What the Numbers Are Really Saying

The Vibe Right Now

If you own a condo in Elmwood Court and you have been wondering whether to make a move, here is the honest picture. The market is not on fire, but it is not falling apart either. We are sitting in stable territory - the kind of market where the right price and a clean listing still gets the job done.

The average sale price for condos here is $142,500, and listings are coming in around $144,900. Buyers are paying about 98.34% of list price, which means they are getting a small discount but nothing dramatic. Properties are moving in an average of 17 days - that is a respectable pace. For context, nearby Cove Properties is clocking the same 17 days, so we are right in line with the neighbourhood.

• Average sale price: $142,500
• Average list price this month: $144,900
• Price per square foot: $189
• Sale-to-list ratio: 98.34% - buyers are paying just below asking
• Average days on market: 17
• Properties sold in 2026 so far: 3

One thing worth noting - our average sale price of $142,500 edges out nearby Westerra Manor condos at $142,000. It is a small gap, but it shows Elmwood Court is holding its own in the local pecking order.

The Secret Sauce - Your HonestDoor Price vs. That Government Assessment

Here is the thing about your city assessment - it is a snapshot from the past. It does not know what happened on your street last month. The HonestDoor Price does.

Right now, the average HonestDoor Price for condos in Elmwood Court is $226,185. The predicted market value is sitting at $228,760. Compare that to the 3-month moving average of $231,058 and you can see values have dipped slightly - down 0.28% recently and off 1.13% from the previous period. The market is taking a breather.

That gap between your old assessment and the HonestDoor Price is exactly why checking your number right now matters. If your assessment was set when values were higher, you could be paying more in property taxes than you should. If it was set lower, you might be underpricing yourself if you sell. Either way, the HonestDoor Price is the real-world check that keeps you honest - and keeps money in your pocket.

• Average HonestDoor Price: $226,185
• Predicted market value: $228,760
• 3-month moving average: $231,058 - values are easing slightly
• Recent value change: -0.28%
• HonestDoor Price change from previous period: -1.13%

For comparison, Cove Properties condos are predicted at $199,710 - about $29,000 below us. Cedar Brae sits much higher at $299,102. We are comfortably in the middle of the pack for this part of Stony Plain.

The Neighbourhood Leaderboard

Let us be straight with you - Elmwood Court is not leading the growth race right now. On the Stony Plain neighbourhood leaderboard, our growth rate ranks 26 out of 32. That puts us in the bottom third for price appreciation. If you are buying here as a long-term growth play, go in with realistic expectations.

The brighter spots - our days-on-market rank is 5 out of 15, meaning we sell faster than most comparable neighbourhoods. And our Airbnb rank in Stony Plain is 22, with an estimated $62 per night. That is not a goldmine, but it is a number worth knowing if you ever consider short-term rental income.

• Growth rank: 26 out of 32 in Stony Plain - bottom tier for appreciation
• Days-on-market rank: 5 out of 15 - faster than average, that is a win
• Price rank: 14 out of 18 - below average price point in Stony Plain
• Airbnb rank: 22 in Stony Plain
• Estimated rental income: $1,232 per month
• Rental yield: 4.29% - moderate but real

The So What - Should You Sell This Summer?

If you are thinking about listing this summer, here is the straight talk. You are not in a hot sellers market, but you are not stuck either. Condos here are moving in 17 days when priced right, and buyers are close to full price - within 1.66% of asking. That is workable.

The catch is that values have softened slightly over the past few months. Waiting to see if prices bounce back is a gamble - the growth rank of 26 out of 32 does not suggest a big run-up is coming soon. If your life or finances are pointing toward a sale, this summer is a reasonable window. Price it sharp, and it will move.

The single most important thing you can do before you call an agent is check your HonestDoor Price. It will tell you where you actually stand today - not where the city thought you stood a year ago. That number is your starting point for every conversation about selling, renting, or refinancing.

Bottom line - Elmwood Court is a stable, mid-range condo market in Stony Plain. Not flashy, not crashing. If you own here and play it smart, there is still a real move to be made this summer.

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.