Gariepy, Edmonton - October 2026 Real Estate Report
Gariepy Real Talk: Your House Is Worth More Than the City Thinks
If you own a home in Gariepy and you're still going off your city assessment, you're leaving real money on the table. Here's what's actually happening on our streets right now.
The Vibe: What the Numbers Are Telling Us
Gariepy is a split story right now - and it depends entirely on what you own. Houses and condos are living in two completely different markets, so let's break it down for us locals.
Houses: This Is a Sellers' Market - Full Stop
If you've been watching the "For Sale" signs in Gariepy, here's what's actually happening with houses. Buyers are fired up. The average sale price is sitting at $764,250, and homes are selling for 104.72% of list price. That means buyers are going over asking. On top of that, houses are moving in an average of just 4 days on market - that's a days-on-market rank of 4 out of 116 neighbourhoods in Edmonton. That is elite speed.
- Average sale price (houses): $764,250
- Current average listing price: $635,000
- Price per square foot: $393
- Average days on market: 4 days
- Sale-to-list ratio: 104.72% - buyers are paying above ask
- Predicted market value: $589,650
- Estimated monthly rent: $2,846
- Rental yield: 5.46%
- Price rank in Edmonton: 55 out of 285 - among the most expensive
On the neighbourhood leaderboard, Gariepy houses rank 81 out of 285 for growth - that puts us solidly above average in Edmonton. Not the fastest-growing block in the city, but we're holding our own in a strong position.
Condos: Taking a Breather
The condo side of Gariepy is a different conversation. Buyers have more leverage here. The average sale price is $207,500, and properties are selling at 94.22% of list price - meaning sellers are accepting below ask. Condos are also sitting on the market for an average of 73 days, which is longer than nearby Callingwood South at 66 days. This one is a buyers' market, plain and simple.
- Average sale price (condos): $207,500
- Current average listing price: $199,000
- Price per square foot: $189
- Average days on market: 73 days
- Sale-to-list ratio: 94.22% - buyers are negotiating down
- Predicted market value: $288,666
- Estimated monthly rent: $1,513
- Rental yield: 4.17%
- Price rank in Edmonton: 36 out of 218 - still among the more expensive condos in the city
On the neighbourhood leaderboard, Gariepy condos rank 215 out of 297 for growth. That's below average, and the predicted value has been dipping - down 1.86% recently and trending below the 3-month moving average of $290,296. If you own a condo here and are thinking about selling, sooner is better than later.
The Secret Sauce: Your HonestDoor Price vs. Your City Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or what your neighbour's place just sold for last week. It's a tax tool, not a market tool.
The HonestDoor Price is the real-world check. For houses in Gariepy, the average HonestDoor Price is $578,116 - that's 7.81% higher than the average city assessed value of $536,256. That gap is real money. For a neighbourhood with 628 assessed properties, we're talking about a collective undervaluation that most homeowners don't even know exists.
For condos, the story flips. The average HonestDoor Price of $276,105 is actually 5.52% lower than the city's assessed value of $292,233. If you own a condo and your assessment feels high, the HonestDoor Price suggests the market agrees with you - and that matters if you're budgeting, refinancing, or planning a sale.
- House HonestDoor Price: $578,116 (7.81% above city assessment)
- Condo HonestDoor Price: $276,105 (5.52% below city assessment)
- Total properties assessed in Gariepy: 628 houses, 116 condos
- Total 2026 transactions: 40 houses, 7 condos
The So What: Thinking About Selling This Summer?
If you own a house in Gariepy, this summer is your moment. Buyers are paying over list, homes are gone in 4 days, and your HonestDoor Price is running well above what the city has on file. You have pricing power right now. Use it.
If you own a condo, the calculus is different. The market is softer, days on market are climbing, and values have slipped 1.86% recently. That doesn't mean you can't sell - it means you need to price it right from day one. Check your HonestDoor Price before you set your list price. Don't anchor to an assessment that may be overstating what buyers will actually pay.
Either way, the smartest first move is knowing your real number - not the city's number, not a guess. Gariepy has 40 house transactions and 7 condo transactions already in 2026. People are moving. The question is whether you're ready to move with them.
gariepy | edmonton | 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.