Granville, Edmonton - June 2026 Real Estate Report

Granville, Edmonton: Your Home Is Probably Worth More 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 and what buyers are actually paying are telling two different stories - and one of them is more useful to you right now.

The Vibe: What's Happening on Our Streets

Granville is holding its own. We're not in a frenzy, but we're not cooling off either. Houses are moving fast and condos are quietly gaining ground. Here's the quick breakdown:

Houses: Fast, Firm, and Above Average

If you've been watching the "For Sale" signs in Granville, here's what's actually happening. Houses are selling at full list price - that's a 100% sale-to-list ratio. Buyers aren't negotiating much, and with an average of just 7 days on market, they're not waiting around either. That speed ranks us 7th out of 103 Edmonton neighbourhoods for days on market. That's elite territory.

• Average sale price: $643,000 - up 1.8% from last month
• Average listing price: $569,900
• Price per square foot: $290
• Properties sold in 2026: 27
• Average days on market: 7
• Sale-to-list ratio: 100%
• Predicted market value (HonestDoor): $621,584
• Estimated monthly rent: $2,985
• Rental yield: 5.40%
• Price rank in Edmonton: 74 out of 286 - above average
• Growth rank: 164 out of 305 - middle of the pack

The rental yield of 5.40% is worth flagging. For investors, that's a strong return in a city where a lot of neighbourhoods don't crack 4%. If you own a house in Granville and you're not renting it, someone else would love to.

Condos: Underassessed, Underrated, and Moving

Here's the condo story that most people in Granville are sleeping on. The city has the average condo assessed at $312,531. The HonestDoor Price says $364,274. That's a $51,743 gap - and it matters if you're selling, refinancing, or just trying to understand what you actually own.

• Average assessed value: $312,531
• Average HonestDoor Price: $364,274 - 16.56% higher than the city's number
• Average sale price: $349,250
• Average listing price: $295,000
• Price per square foot: $290
• Properties sold in 2026: 1
• Average days on market: 10
• Sale-to-list ratio: 97.12%
• Predicted market value (HonestDoor): $368,611
• Estimated monthly rent: $1,930
• Rental yield: 4.07%
• Growth rank: 90 out of 295 - above average
• Price rank: 35 out of 223 - among the most expensive in Edmonton

Condos here are also selling fast - 6th out of 110 Edmonton neighbourhoods for days on market. That's not a slow corner of the city. Buyers are showing up.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment

The city assesses your property once a year, using data that's already months old by the time it lands in your mailbox. A lot can change in that window. The HonestDoor Price updates in real time, pulling from actual sales, current listings, and live market signals. It's the number that reflects what a buyer would write a cheque for today - not what a government formula calculated last fall.

For Granville houses, the city's average assessment sits at $628,888. The HonestDoor Price is $617,453. That's a $11,435 difference. For condos, the gap flips the other way - the HonestDoor Price runs $51,743 higher than the city's figure. If you're a condo owner using your assessment to price a sale, you could be leaving serious money on the table.

Think of the HonestDoor Price as the real-world check. It's what the market is actually saying, not what the city said six months ago.

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

Here's the honest take for anyone weighing a summer sale in Granville.

For house sellers - the conditions are good. Homes are selling at list price, buyers are deciding fast, and your price rank puts us solidly above average in Edmonton. The neighbourhood growth rate of 0.09% year over year is steady but not explosive, which means you're not in a runaway market. Price it right and it moves. Overprice it and you'll feel it.

For condo sellers - this might actually be your moment. The HonestDoor Price is running well above the city's assessment, the growth rank is above average, and days on market are among the fastest in the city. The catch is low transaction volume - only 1 condo sold in 2026 so far. That means less competition for you, but also a smaller pool of recent comps. Lean on the HonestDoor Price, not the assessment, when you're setting your number.

Either way, check your HonestDoor Price before you call an agent. Walk into that conversation knowing what the market actually thinks your home is worth - not what the city decided last year.

How We Stack Up Against the Neighbours

Granville sits in a strong spot compared to the neighbourhoods around us. Here's a quick look at nearby options for buyers who might be cross-shopping:

• Glastonbury - HonestDoor Price $520,142 for houses, $255,991 for condos. Cheaper, but growing slower.
• Breckenridge Greens - HonestDoor Price $511,977 for houses, $254,046 for condos. Also cheaper, also growing slower.
• Potter Greens - HonestDoor Price $617,926 for houses, $557,276 for condos. Slightly pricier on houses, significantly higher on condos, and growing slower than us.

If a buyer is comparing Granville to these neighbourhoods, we're competitive on price and we're not giving up much in growth. That's a reasonable pitch for anyone sitting on the fence about listing.

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.