Gariepy, Edmonton - July 2026 Real Estate Report

Gariepy Real Talk: Your Home Is Worth More Than the City Thinks

If you own a home in Gariepy and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment says one thing. The actual market says something else entirely - and the gap is significant.

The Vibe: What Is Actually Happening in Gariepy Right Now

Gariepy is a stable, well-established neighbourhood. We are not seeing the kind of wild swings that make headlines, but there is a clear split happening between houses and condos that every owner here needs to understand.

Houses: Taking a Breather, But Still Solid

If you have been watching the "For Sale" signs on the house side, here is what is actually happening. The market is cooling a little. Average sale prices came in at $461,667 this month, down 7.2% from last month. Listings are sitting at $479,000 on average, and buyers are paying about 97% of list price - meaning sellers are giving a little ground to close deals. That is not a crisis, but it is a signal to price smart.

• Average sale price (houses): $461,667
• Average list price: $479,000
• Sale-to-list ratio: 97.08% - buyers are negotiating
• Price per square foot: $492
• Average days on market: 15 days - still very fast
• Properties sold this month: 3
• Predicted market value: $579,770
• 3-month moving average: $573,772 - values are trending up
• Rental yield: 5.47% - strong returns for investors
• Estimated rent: $2,811 per month

Here is the thing to hold onto: even with the short-term dip, the predicted market value for houses sits at $579,770 and is climbing above the 3-month average. The fundamentals are intact. On the neighbourhood leaderboard, Gariepy houses rank 104 out of 302 Edmonton neighbourhoods for growth - that puts us in the above-average tier. Days on market rank is 14 out of 103, which means when a house here is priced right, it moves fast.

Condos: A Sellers' Market in a Niche Segment

The condo story in Gariepy is a different conversation. Only 1 condo sold this month, but it sold at 101.11% of list price - buyers paid over asking. That is a textbook sellers' market signal. The catch is that the HonestDoor Price for condos has dipped 3.13% recently, and the predicted market value of $297,391 is trending slightly below the 3-month average of $299,291. So the momentum is softer here.

• Average sale price (condos): $650,000
• Sale-to-list ratio: 101.11% - sellers have the edge
• Price per square foot: $357
• Average days on market: 20 days - still very fast
• Properties sold this month: 1
• Predicted market value: $297,391
• Rental yield: 4.16% - moderate but decent
• Estimated rent: $1,551 per month
• HonestDoor Price change: down 2.20% recently

On the leaderboard, Gariepy condos rank 31 out of 220 Edmonton neighbourhoods for price - that puts us among the most expensive condo markets in the city. Growth rank is 210 out of 296, which is below average, so condo values here are not racing ahead. But days on market rank is 13 out of 108 - condos that hit the market here sell quickly.

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

Here is the honest truth about government assessments. They are snapshots taken months ago, based on data that is already old by the time it lands in your mailbox. For Gariepy houses, the city's average assessed value is $536,256. The HonestDoor Price is $582,474. That is an $46,218 gap - and it has moved up 0.47% just in the last period alone.

For condos, the picture flips slightly. The city assessed condos at $292,233, while the HonestDoor Price sits at $288,088. The assessment is actually running a little high compared to where the real-time market is. If you are a condo owner using the city number to set expectations, you could be in for a surprise at the negotiating table.

The HonestDoor Price updates in real time. It reflects what buyers are actually paying right now - not what a government formula calculated last year. That is the difference between a number that helps you make decisions and one that just shows up on a bill.

The So What: Should You Sell in Gariepy This Summer?

If you own a house in Gariepy and you are thinking about selling, the timing conversation is real. Values are predicted to keep climbing - $579,770 and rising above the 3-month trend - but the short-term data shows buyers are negotiating harder right now. Pricing at or just below the HonestDoor Price of $582,474 gives you a defensible number backed by real market data, not a stale assessment.

Houses here sell in an average of 15 days. That is a fast market. If you price it right, you are not sitting on the market and watching your listing go stale.

For condo owners, the calculus is a little different. Values have slipped 2.20% recently, and the HonestDoor Price is already below the city assessment. If you are planning to sell, do not anchor to the assessed value - use the HonestDoor Price as your reality check before you set a number.

• 628 properties assessed in Gariepy this year
• 30 house transactions in 2026 so far
• Neighbourhood growth: 0.04% year over year (houses), 0.12% (condos)
• Gariepy transaction volume ranks 53rd in Edmonton - a healthy, active market
• Rental potential: $2,819 per month average across the neighbourhood

Bottom line - Gariepy is not a neighbourhood in trouble. It is a steady, desirable area where knowing your real number gives you a genuine edge. Check your HonestDoor Price before you do anything else.

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.