Grandview Heights, Edmonton - September 2026 Real Estate Report

Grandview Heights, Edmonton: One of the Priciest Streets in the City - But the Market Is Pumping the Brakes

If you own a home in Grandview Heights and you haven't checked your property value lately, now is the time. The city's assessment is already out of date. The real numbers are moving - and not all of them are moving up.

The Vibe: What's Actually Happening in Our Neighbourhood

Houses

Let's be straight with each other. The house market in Grandview Heights is taking a breather. Only 1 home sold recently, average sale prices sit at $905,000, and homes are sitting on the market for about 60 days before finding a buyer. When properties are selling at 94.36% of list price, that tells us buyers have room to negotiate - and they know it.

The predicted market value for a house here is $1,176,917, which is nudging slightly below the 3-month moving average of $1,178,992. That's a small but real dip of -0.88%. Nothing to panic about, but worth watching if you're planning a move.

• Average sale price: $905,000
• Price per square foot: $1,293
• Average days on market: 60 days
• Sale-to-list price ratio: 94.36%
• Predicted market value: $1,176,917
• Estimated monthly rent: $4,686
• Rental yield: 4.49%
• Growth rank: 217 out of 291 neighbourhoods in Edmonton
• Price rank: 5 out of 285 - we are near the top of the city

That price rank is the headline. Grandview Heights sits in the top 5 most expensive neighbourhoods in Edmonton for houses. That's a real asset. But the growth rank of 217 out of 291 tells us we're not outrunning the city right now. We're coasting on prestige, not momentum.

Condos

The condo picture here is a different world entirely. We're talking an average HonestDoor Price of $6,569,544 - up 2.97% from the previous period. These are not your typical condos. The Airbnb rank for condos in Grandview Heights is number 1 in all of Edmonton, with an estimated $755 per night. That's a serious income play for the right owner.

• Average HonestDoor Price: $6,569,544 (up 2.97%)
• Predicted market value: $6,379,851
• 3-month moving average: $6,451,510
• Estimated monthly rent: $15,042
• Airbnb estimate: $755 per night
• Airbnb rank in Edmonton: 1st
• Growth rank: 158 out of 302 neighbourhoods

Even with a recent value change of -1.10% and a growth rank that sits below average, the sheer price point and rental income potential here put these properties in a category of their own. The rental yield of 0.67% is low, but at this price tier, most owners aren't buying for yield - they're buying for asset value and lifestyle.

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

Here's the thing about your city assessment. It's a snapshot from months ago, built on formulas that don't react to what's happening on the ground today. The average assessed value for a house in Grandview Heights is $1,089,108. The HonestDoor Price is $1,140,106. That's a $50,998 gap - and it reflects real-world market signals your assessment simply doesn't capture.

The HonestDoor Price pulls from current transaction data, recent sales, and live market trends. It's updated in real time. Your tax assessment is not. If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - using a number that's already stale is leaving money on the table.

Grandview Heights ranks 5th in Edmonton for average assessed value. That's a strong position. But the HonestDoor Price being 4.68% higher than that assessment means the city is actually undervaluing what your home is worth in today's market. That gap is your edge - if you know it exists.

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

If you're weighing a sale in Grandview Heights this summer, here's the honest read.

The neighbourhood still carries serious prestige. A top-5 price rank in Edmonton is not nothing. Buyers who want this area know what they're paying for. But with only 11 transactions recorded in 2026 across 355 assessed properties, this is a thin market. Low volume means your pricing strategy has to be sharp. One overpriced listing sits. One well-priced listing moves.

Homes are averaging 60 days on market and selling below list price. That means buyers are coming in with offers under asking and sellers are accepting them. If you list at the right number from day one, you avoid the price-cut cycle that drags out a sale and signals weakness to every buyer who walks through.

Neighbourhood growth is 0.04% year over year. That's essentially flat. The market isn't running away from you, but it's not building urgency for buyers either. Summer inventory typically rises, which means more competition for your listing.

The play? Get your HonestDoor Price, price your home honestly from the start, and don't wait for the market to come back to a number you wish it was. The buyers in this price range are sophisticated. They've done the research. You should too.

Check your HonestDoor Price at HonestDoor.com - it's free, it's current, and it's the real-world number that actually matters.

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.