Gariepy, Edmonton - August 2026 Real Estate Report

Gariepy, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home in Gariepy and you haven't checked your HonestDoor Price lately, you're probably leaving real money on the table. The city's assessment is one number. What buyers are actually paying is another - and right now, those two numbers are not close.

The Vibe: What's Happening on Our Streets Right Now

Gariepy is a quiet, established neighbourhood - 628 assessed properties, 31 transactions in 2026 so far, and a steady pulse. We're not a hot-and-cold market. We're the kind of place where people buy and stay. Here's how houses and condos are each telling their own story right now.

Houses: Solid Ground, Fast Sales

If you've been watching the "For Sale" signs in Gariepy, here's what's actually happening. Houses are moving. The average days on market is just 15 days - and that speed ranks 14th out of 108 comparable neighbourhoods in Edmonton. That's a top-tier number. When a house is priced right here, it doesn't sit.

• Average sale price: $461,667
• Average list price this month: $479,000
• Price per square foot: $492
• Sale-to-list ratio: 97.08% - buyers are negotiating, but not by much
• Average days on market: 15 days
• 3 houses sold recently - market is stable
• Predicted market value: $582,474 - up from the 3-month average of $579,065
• Estimated monthly rent: $2,819 with a rental yield of 5.47%
• Growth rank: 168 out of 292 neighbourhoods - middle of the pack

The 97% sale-to-list ratio tells us this is a buyers' market in the technical sense - buyers have a little room to negotiate. But "a little" is the key phrase. Houses aren't being discounted heavily. If you're a seller, pricing sharp gets you a deal in two weeks. Price too high and you'll feel it.

Condos: Expensive, Fast, and Sellers Are Winning

Here's a number that will raise eyebrows. Gariepy condos rank 9th out of 218 neighbourhoods in Edmonton for price. That puts us in the top 5% for condo values in the entire city. The one condo that sold recently went for $650,000 - and it sold at 101.11% of list price. That means the buyer paid over asking.

• Average sale price: $650,000
• Price per square foot: $357
• Sale-to-list ratio: 101.11% - sellers are getting above asking
• Average days on market: 20 days
• 1 condo sold recently
• Predicted market value: $288,088 - slightly down from the 3-month average of $296,520
• Estimated monthly rent: $1,508 with a rental yield of 4.17%
• Growth rank: 270 out of 302 - condo values have dipped 3.13% recently

The condo picture is a bit mixed. Sales are happening fast and above asking, which is great for sellers. But the predicted value trend is dipping slightly, and the growth rank of 270 out of 302 puts condo appreciation near the bottom of Edmonton's leaderboard right now. If you own a condo here, the short-term sale conditions are good - but the longer trend is worth watching.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

The city assesses your home once a year using data that's already months old by the time it lands in your mailbox. It's a snapshot of the past. The HonestDoor Price is updated in real time using actual market activity - what buyers are paying right now, not what an algorithm calculated last fall.

For Gariepy houses, the gap is significant. The average city assessment sits at $536,256. The average HonestDoor Price is $595,659 - that's 11.08% higher. On a single property, that gap can represent tens of thousands of dollars in equity you didn't know you had.

• Average assessed value (houses): $536,256
• Average HonestDoor Price (houses): $595,659 - up 2.26% from last period
• That's an $59,403 gap in favour of homeowners
• Average assessed value (condos): $292,233
• Average HonestDoor Price (condos): $294,134 - up 2.10% from last period
• Rental income potential (houses): $2,869 per month
• Airbnb potential (houses): $142 per night - ranked 129th in Edmonton

Bottom line: if you're making any financial decision about your home - refinancing, selling, even just understanding your net worth - use the HonestDoor Price. The city's number is a tax tool. The HonestDoor Price is a real-world check.

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

Here's the honest take for anyone in Gariepy considering a sale this summer.

For house owners, the conditions are genuinely decent. Homes are selling in 15 days on average. Buyers are paying close to asking. Your HonestDoor Price is running well above your city assessment, which means your real equity position is stronger than your tax notice suggests. The neighbourhood's overall growth is modest at 0.04% year over year - Gariepy isn't exploding, but it's not sliding either. Nearby Dechene is growing slightly faster at 0.06%, so pricing competitively matters.

For condo owners, the window is open but it's worth moving with intention. That 101% sale-to-list ratio says buyers are still competing for the right unit. But the predicted value trend is easing down, and a growth rank of 270 out of 302 means condo appreciation in Gariepy is taking a breather. If you've been thinking about selling, this summer's conditions are better than what the trend line suggests is coming.

Either way, the first step is the same - check your HonestDoor Price at HonestDoor.com and see what your home is actually worth today, not what the city decided last year.

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.