If you've been watching the "For Sale" signs in The Uplands lately, here's what's actually happening. The average sale price for houses hit $688,456 this month - that's a 29.2% jump from last month. Before you get too excited, listings are sitting at an average of $555,950, and homes are taking about 81 days to sell. That's a long time. Longer than nearby Edgemont, which is moving homes in 80 days. The gap is small, but the direction matters.
Homes are selling at 99.12% of list price, which sounds great until you realize that means buyers are still getting a small discount. Combined with the longer days-on-market, this market is not running hot - it's taking a breather. Sellers are getting close to what they're asking, but they're waiting for it.
Here's where The Uplands stands when we stack it up against the rest of Edmonton. On price, we rank 97 out of 285 neighbourhoods - that puts us solidly above average. On growth rate, we rank 197 out of 302 - that's below average territory. Days-on-market ranks 70 out of 103, meaning homes here sell slower than most. The honest read: The Uplands is a premium address, but it's not the fastest-moving market in the city right now.
Neighbourhood growth is sitting at 0.05% year over year. Compare that to nearby Stillwater at 0.17% - they're growing faster, even though their homes are cheaper (HonestDoor Price of $504,640 vs. our $606,719). Edgemont next door is priced slightly higher at $609,476 but growing at the same slow 0.05% pace. If you're buying for appreciation, Stillwater is worth a look. If you're buying for a premium address, The Uplands still holds its own.
Here's the number that actually matters for your wallet. The city's average assessed value for homes in The Uplands is $583,985. The average HonestDoor Price is $606,719. That's a $22,734 gap - and the HonestDoor Price is 3.89% higher than what the city has on file.
Why does this matter? Because the city's assessment is a snapshot from the past. It doesn't update in real time. The HonestDoor Price pulls from current market activity and has moved up 1.78% from the previous period. If you're making a decision about selling, refinancing, or even just understanding what your home is worth today, the government number is already stale. The HonestDoor Price is the real-world check against that static figure.
The predicted market value for houses specifically sits at $597,054 - and that number is actually drifting slightly downward from the 3-month moving average of $600,376. Property values have shifted -0.51% recently. That's not a crash, but it's a signal worth knowing before you price your home.
If you're planning to list this summer, here's the straight talk. The sale price numbers look strong on paper - $688,456 average is nothing to dismiss. But 81 days on market means you need to be patient, or you need to be priced right from day one. Homes that sit too long start to feel stale to buyers, and in a market where people are already paying just under list price, overpricing is a real risk.
The rental angle is worth knowing too. Estimated rent is $2,855 per month with a rental yield of 5.46%. That's a solid return, which means if your home doesn't sell at the price you want, holding it as a rental is a legitimate backup plan - not a consolation prize.
The bottom line: The Uplands is a premium neighbourhood with real pricing power, but the market isn't in a frenzy. Sellers who come in with a sharp, honest price - grounded in the HonestDoor Price, not last year's assessment - are the ones who will move their homes before the summer winds down. Sellers who chase the top of the range may still be waiting in September.
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.