Ogilvie Ridge, Edmonton - August 2026 Real Estate Report

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

If you own a home in Ogilvie Ridge and you have not looked at your HonestDoor Price lately, you are leaving real money on the table. The city's average assessed value sits at $836,532 - but the average HonestDoor Price is $897,438. That is a $60,906 gap. For condos, the HonestDoor Price is coming in at $378,971, up 1.90% from the previous period. These are not small differences. They matter when you are deciding whether to sell, refinance, or just figure out where you actually stand.

The Vibe: Houses vs. Condos in Ogilvie Ridge

Houses - Fast, Expensive, and Still Moving

We are sitting in one of Edmonton's pricier pockets. The average house sale price is $940,000 this month, and the price rank is 21 out of 285 neighbourhoods in Edmonton. That puts us firmly in the top tier of the city. Houses are selling in an average of 18 days, which ranks 17 out of 108 neighbourhoods for speed - that is very fast by Edmonton standards.

• Average sale price (Houses): $940,000
• Average list price: $970,000
• Sale-to-list ratio: 96.91% - buyers are paying just below asking
• Price per square foot: $382
• Average days on market: 18
• HonestDoor predicted value: $891,121
• 3-month moving average: $883,453 - values are trending up
• Estimated monthly rent: $3,874 with a rental yield of 4.90%

The market is taking a breather - prices are down 0.5% from last month and buyers are negotiating a little. But "cooling" here still means homes sell in under three weeks and command close to asking. The growth rate ranks 125 out of 292 Edmonton neighbourhoods, which puts us in the above-average category on the neighbourhood leaderboard. Not leading the pack, but well ahead of the middle.

Condos - Stable but Slower

The condo side of Ogilvie Ridge is a different story. One condo sold this month at $421,000, and it sat on the market for 72 days. That is a slower pace - the days-on-market rank is 58 out of 111 neighbourhoods, which puts condos in the middle of the pack for speed. The sale-to-list ratio came in at 93.56%, meaning buyers had room to negotiate.

• Average sale price (Condos): $421,000
• Average list price: $450,000
• Sale-to-list ratio: 93.56%
• Price per square foot: $312
• Average days on market: 72
• HonestDoor predicted value: $371,918
• 3-month moving average: $375,969 - values are dipping slightly
• Estimated monthly rent: $1,953 with a rental yield of 4.07%
• HonestDoor Price: $378,971, up 1.90% from last period

The predicted value is slightly below the 3-month average, and the growth rank sits at 175 out of 302 - below average on the neighbourhood leaderboard. That said, the price rank is 19 out of 218 Edmonton neighbourhoods. Ogilvie Ridge condos are still among the most expensive in the city. We are not in trouble here - it is just a stable, patient market right now.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here is the thing about the city's assessed value - it is a snapshot from the past. It does not update in real time, and it does not know what happened on your street last month. The HonestDoor Price does. For houses in Ogilvie Ridge, the HonestDoor Price is 7.28% higher than the average city assessment. That gap is not a rounding error - it is the difference between knowing what your home is actually worth today versus what a government spreadsheet said it was worth months ago.

With 308 properties assessed in the neighbourhood and only 11 house transactions recorded in 2026 so far, the real-world sales data is thin. That makes a live, data-driven estimate like the HonestDoor Price even more valuable. It is pulling from current market signals, not waiting for the next assessment cycle to catch up.

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

If you own a house in Ogilvie Ridge and you are thinking about listing this summer, the window is real but the pricing conversation matters. Homes are selling fast - 18 days on average - but buyers are landing at about 97% of list price. That means overpricing by even a little will cost you. List sharp, and you move quickly. Get greedy, and you sit.

Compare us to the neighbours: Hodgson houses have an HonestDoor Price of $790,794 and are growing at 0.02% year over year. Carter Crest is at $721,437 with 0.06% growth. Ogilvie Ridge is ahead of both on price and growth. That premium is real, and buyers looking in this part of southwest Edmonton know it.

For condo owners, patience is the word this summer. The market is stable, not surging. Buyers have options and they know it - that 93.56% sale-to-list ratio tells the story. If you need to sell, price it honestly from the start. If you can wait, the HonestDoor Price ticking up 1.90% suggests the fundamentals are still pointing in the right direction.

Bottom line: Ogilvie Ridge is one of Edmonton's most expensive and fastest-moving neighbourhoods for houses. The city's assessment is not keeping up. Check your HonestDoor Price, know your real number, and make decisions based on what the market is actually doing - not what a tax notice told you last year.

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.