Westmount, Edmonton - August 2026 Real Estate Report

Westmount Real Estate Check-In: Your Home Is Worth More Than the City Thinks

If you own a home in Westmount and you have not looked at your HonestDoor Price lately, here is the short version: the city's assessment is leaving real money on the table. The average assessed value sits at $649,158 for houses - but the average HonestDoor Price is $687,421. That is nearly $38,000 more. For condos, the gap is even wider. The city says $197,741. HonestDoor says $248,639. That is a $50,000 difference. We will get into why that matters in a minute.

The Vibe Right Now - Houses vs. Condos

Houses: Strong Bones, Taking a Breather

If you have been watching the "For Sale" signs in Westmount, here is what is actually happening with houses. The average sale price this period is $782,375, and yes, that is down 26.1% from last month. Before you panic, look at the context. Listings are averaging $802,200, and homes are selling at 97.13% of list price. Buyers are getting small discounts, but sellers are still holding most of their ground.

• Average sale price: $782,375
• Average list price: $802,200
• Sale-to-list ratio: 97.13% (buyers paying just under asking)
• Average days on market: 79 days
• Price per square foot: $354
• Properties sold this period: 4

Here is a number worth bragging about. Westmount houses are selling in 79 days on average. Glenora - our fancier neighbour to the west - is sitting at 109 days. We are moving faster than a neighbourhood with a much higher price tag. That says something real about demand here.

The predicted market value for a Westmount house is $677,617, which is creeping up from the 3-month moving average of $674,436. Small move, but it is moving in the right direction. Rental yield is sitting at 5.31% with an estimated rent of $3,137 per month. For anyone holding a house as an investment, that is a strong return.

On the neighbourhood leaderboard, Westmount houses rank 26 out of 285 for price in Edmonton. Top 10%. Growth rank is 176 out of 292, which puts us in the middle of the pack - the market is taking a breather, not falling apart.

Condos: Slower, But Still Holding Value Against the Competition

The condo side of Westmount is a different story. One unit sold this period at $170,000, which is down 6.9% from last month. The sale-to-list ratio came in at 94.97%, meaning buyers are negotiating a bit harder here. Average days on market is 63 days.

• Average sale price: $170,000
• Average list price: $179,000
• Sale-to-list ratio: 94.97%
• Average days on market: 63 days
• Price per square foot: $315
• Properties sold this period: 1

The predicted market value for condos is $249,000, which is slightly above the 3-month moving average of $252,580 - so values have dipped a touch recently, down 1.86%. Rental yield is 4.21% with estimated rent of $1,225 per month. Moderate, not spectacular, but still positive cash flow territory for investors.

One thing worth noting: Westmount condos are cheaper than the Edmonton average but more expensive than every nearby neighbourhood we track. River Valley Glenora condos average $127,000. Glenora sits at $190,655. North Glenora is at $110,714. We are the priciest condo market in this pocket of the city - and we are still selling.

On the leaderboard, condo growth ranks 233 out of 302. Below average, no question. But days-on-market ranks 53 out of 111, meaning our condos are actually moving faster than most comparable Edmonton neighbourhoods. The demand is there. The price growth just has not caught up yet.

The Secret Sauce - Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about your city assessment. It is calculated once a year using data that is already months old by the time it lands in your mailbox. It does not know what sold on your street last Tuesday. It does not factor in your renovated kitchen or the fact that Westmount has become one of the most in-demand mature neighbourhoods in Edmonton.

The HonestDoor Price is updated in real time using actual transaction data. For houses in Westmount, it is running 5.89% above the average assessed value right now. For condos, it is 25.74% above assessed value. That is not a rounding error. That is the difference between pricing your home to sell and leaving serious money behind.

If you are a homeowner in Westmount, your HonestDoor Price is your real-world check. It is what the market is actually saying your property is worth today - not what a government formula calculated six months ago.

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

Selling a house in Westmount this summer? Here is the honest read. The market is not on fire, but it is not cold either. Homes are selling close to asking price, faster than nearby Glenora, and the predicted value is ticking upward. You are sitting in the top 10% for price in all of Edmonton. That is real leverage.

The play is pricing smart. With a 97.13% sale-to-list ratio, overpricing will cost you. Buyers are doing their homework. Come in at a number that reflects your HonestDoor Price, not your assessed value, and you are starting the conversation in the right place.

For condo owners, the picture is more cautious. Values have slipped slightly in the short term and buyers are negotiating harder. If you can wait, the rental yield at 4.21% means holding and renting is a legitimate option while the market finds its footing.

• Westmount house HonestDoor Price: $687,421 (up 1.51%)
• Westmount condo HonestDoor Price: $248,639 (down 0.14%)
• House rental estimate: $3,171 per month
• Condo rental estimate: $1,223 per month
• Total transactions in Westmount in 2026: 71 houses, 44 condos
• Neighbourhood year-over-year growth: 0.07%

Bottom line: Westmount is a mature, well-located neighbourhood with real price strength. The city's assessment is not telling the full story. Check your HonestDoor Price, know what you actually have, and make decisions from there.

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.