Ogilvie Ridge, Edmonton - July 2026 Real Estate Report

Ogilvie Ridge, Edmonton: Your House 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 assessment says one thing. The actual market is saying something different - and the gap is significant.

The Vibe: What's Actually Happening on Our Streets

Houses - We Are in Seller Territory

The house market in Ogilvie Ridge is about as hot as it gets. Three homes sold recently, and they averaged $945,000. Here is the number that should get your attention: buyers paid 107.91% of the list price on average. That means people are going over asking, not under. The average listing sits at $949,900 right now, and homes are moving in an average of 1 day on market. One day. That is not a typo.

• Average sale price: $945,000
• Average list price: $949,900
• Price per square foot: $294
• Sale-to-list ratio: 107.91% - buyers are paying above asking
• Average days on market: 1
• Days-on-market rank: 1st out of 103 neighbourhoods in Edmonton - the fastest-selling in the city
• Price rank: 25th out of 285 neighbourhoods - among the most expensive in Edmonton
• Growth rank: 130th out of 302 - above average on the neighbourhood leaderboard

The HonestDoor predicted value for houses sits at $881,312, up from the 3-month moving average of $876,916. Rental potential is $3,850 per month with a 4.92% yield - solid if you are thinking about holding rather than selling.

Condos - Taking a Breather

The condo side of Ogilvie Ridge is a different story. One condo sold recently at $421,000, which is actually below the average listing price of $450,000. Buyers paid 93.56% of list price - meaning sellers are negotiating down. Condos are sitting on the market for 72 days on average, which is longer than nearby Hodgson at 50 days. The HonestDoor predicted value of $373,840 is also dipping below the 3-month moving average of $376,606, and values have shifted -2.17% recently.

• Average sale price: $421,000
• Average list price: $450,000
• Price per square foot: $312
• Sale-to-list ratio: 93.56% - buyers have negotiating room
• Average days on market: 72
• Growth rank: 208th out of 296 - below average on the neighbourhood leaderboard
• Price rank: 19th out of 220 - still among the most expensive condos in Edmonton
• Estimated rent: $1,963 per month with a 4.07% yield

If you own a condo here, the price rank tells you the unit is still valuable relative to the rest of Edmonton. But the trend is softening, and waiting is not your friend right now.

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

Here is the thing about the city's assessed value - it is a snapshot from the past. The average assessed value in Ogilvie Ridge is $836,532 for houses. The average HonestDoor Price is $891,121. That is a gap of roughly $54,589, and the HonestDoor Price is 6.53% higher than the city average assessment across Edmonton. The HonestDoor Price updates in real time using actual sales data, current listings, and market movement. Your tax assessment does not do that. It is essentially a historical document.

If you are making any financial decision - refinancing, selling, buying out a partner, or just figuring out your net worth - the HonestDoor Price is the real-world check you need. The city's number is what it is. The HonestDoor number is what your property is actually worth today.

With 308 properties assessed in Ogilvie Ridge and the neighbourhood ranked 18th in Edmonton for average assessed value, this is one of the city's premium pockets. The HonestDoor Price reflects that premium more accurately than any static government document.

The So What: Thinking About Selling This Summer?

If you own a house in Ogilvie Ridge, the case for selling this summer is strong. Homes are selling in a single day, buyers are paying over asking, and your HonestDoor Price is running ahead of the city's assessment. The neighbourhood growth rate of 0.09% year over year is modest, but compare that to neighbours like Hodgson at 0.02% and Carter Crest at 0.06% - we are outpacing both. And both of those neighbourhoods are cheaper than us, which tells you buyers are choosing Ogilvie Ridge and paying for it.

If you own a condo, the picture calls for a more honest conversation. Values are dipping, days on market are climbing, and buyers have leverage right now. That does not mean you cannot sell - it means pricing it right from day one matters more than ever. Sitting at $450,000 and settling for $421,000 after 72 days is a worse outcome than pricing sharper and moving faster.

Either way, start with your HonestDoor Price. It is the most current number you have - and in a market moving this fast, current is everything.

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.