Granville, Edmonton - August 2026 Real Estate Report

Granville, Edmonton: Your Neighbour's House Just Got More Valuable Than the City Thinks

If you own a home in Granville and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment is sitting at $628,888 for houses - but the real-world market is already moving past that. Here's what's actually going on in our corner of Edmonton.

The Vibe: Houses vs. Condos

Houses - A Sellers' Market With Real Momentum

We are not in a slow market. Houses in Granville are selling fast - averaging just 6 days on the market, which puts us at rank 5 out of 108 neighbourhoods in Edmonton for speed. That is not a typo. Buyers are moving quickly, and they are paying for it.

• Average sale price: $727,000 - up 18.9% from last month
• Average listing price: $724,350
• Price per square foot: $403
• Sold-to-list ratio: 100.19% - buyers are paying above asking
• Properties sold this period: 2 (down 50% from last month, so inventory is tight)
• Predicted market value: $630,009 - up from the 3-month average of $623,015
• Estimated monthly rent: $3,019 with a rental yield of 5.38%
• Growth rank: 61 out of 292 Edmonton neighbourhoods - solidly above average on the leaderboard

The low transaction count is not a red flag - it reflects how little inventory is available. When only 2 homes sell and they go above asking in under a week, that tells us demand is outpacing supply. For homeowners, that is a good problem to have.

Condos - Steady, Not Flashy

The condo side of Granville is a different story. We are in stable territory here - not a frenzy, but not a slump either. One condo sold this period at $286,500, coming in at 97.12% of list price. Buyers have a little more room to negotiate, and sellers need to price sharp.

• Average sale price: $286,500
• Average listing price: $295,000
• Price per square foot: $340
• Sold-to-list ratio: 97.12% - slight room for buyers to negotiate
• Average days on market: 10 - still very fast (rank 4 out of 111 in Edmonton)
• Predicted market value: $371,013 - up from the 3-month average of $367,966
• Estimated monthly rent: $1,940 with a rental yield of 4.07%
• Growth rank: 93 out of 302 Edmonton neighbourhoods - above average on the leaderboard

One thing worth noting for condo owners: the HonestDoor Price of $369,553 is 18.25% higher than the city's assessed value of $312,531. That gap is significant. If you are basing any financial decisions on your tax assessment, you are working with an outdated number.

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

Here is the honest truth about city assessments - they are a snapshot from the past. The city assessed Granville houses at $628,888. The HonestDoor Price is $629,143. For houses, those numbers are close, which actually tells us something useful: the market is validating what the city calculated. But for condos, the city says $312,531 and HonestDoor says $369,553. That is an $57,000 gap. If you own a condo in Granville and you are thinking about refinancing, selling, or just understanding your net worth, the assessed value is leaving real money off the table.

The HonestDoor Price updates in real time using actual transaction data. The city's assessment does not. In a market where house values have moved 2.03% recently and condo values 1.85%, waiting for the next tax notice to understand what your property is worth is like checking last year's weather forecast before heading out the door.

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

If you own a house in Granville and you are even considering selling this summer, the data is pointing in your direction. Homes are selling in 6 days, buyers are paying above list price, and the predicted value of $630,009 is trending upward. Granville ranks 67 out of 285 Edmonton neighbourhoods on price - that puts us in the top quarter. Every nearby neighbourhood - Glastonbury, Breckenridge Greens, and Potter Greens - is priced lower and growing slower. We are the premium option in this pocket of the city.

For condo owners, the picture is more measured. You are still in above-average territory on both price rank (63 out of 218) and growth rank (93 out of 302). The market is stable and condos are moving quickly when priced right. If you list at or just below $295,000, history says you will see action within two weeks.

• Neighbourhood growth: 0.09% year over year
• Total transactions in 2026: 35 houses, 2 condos
• 815 house properties assessed, 176 condo properties assessed
• Average Airbnb potential: $150 per night for houses, $96 per night for condos

Bottom line - Granville is holding its value, moving fast, and sitting above most of its neighbours on every key metric. If summer is your window, the data says do not wait too long to open it.

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.