If you own a home in York and you have not checked your HonestDoor Price lately, stop what you are doing. The gap between what the city thinks your property is worth and what the real world says is one of the biggest in Edmonton right now. Here is the full picture, no fluff.
We are seeing something interesting on the house side. Homes are flying off the market - averaging just 8 days before they sell, which is faster than nearby Casselman at 9 days. That speed puts us at rank 7 out of 103 neighbourhoods in Edmonton for days on market. Buyers are not sleeping on York houses.
But here is the honest part. The average sale price came in at $342,000 this month, down 11.1% from last month. Listings are sitting at $339,900 on average, and price per square foot is around $358. The market is taking a breather on price, even while demand stays strong. Sellers are still getting above asking - buyers paid 102.24% of list price on average - but the ceiling is showing some cracks.
That growth rank is worth noting. On the neighbourhood leaderboard for price growth, York houses sit at 272 out of 302. That is a signal to watch. Strong short-term demand, but longer-term appreciation is lagging most of Edmonton.
Our condo market is a different animal. Sales are steady - one property moved this month, prices are essentially flat, and the average sale price of $252,500 is holding its own against nearby Casselman at $251,340. Buyers here are also paying above asking, at 102.40% of list price, and condos are selling in just 9 days - tied with Casselman and ranked 2nd out of 108 Edmonton neighbourhoods for speed. That is elite territory.
The growth story here is genuinely good. Condo values in York rank 53 out of 296 comparable neighbourhoods. That puts us near the top of the Edmonton leaderboard for condo appreciation. The predicted market value of $163,632 is trending up against a 3-month average of $159,557 - a quiet but real climb.
Here is the number that should make every York homeowner sit up straight. The city's average assessed value for a house in York is $363,118. The average HonestDoor Price is $830,665. That is a gap of 128.76%. The city's assessment is not wrong - it is just old. It is a snapshot from months ago, built on a methodology that cannot keep up with a real market moving in real time.
The HonestDoor Price is updated continuously using actual sales data, market signals, and current conditions. It went up 2.28% from the last period. That is the number a buyer's agent is looking at. That is the number a lender is thinking about. If you are making any financial decision based on your tax assessment alone, you are working with incomplete information.
On the condo side, the story flips. The average assessed value is $182,118, but the HonestDoor Price is $170,049 - sitting 6.63% below the city's assessment. That means some condo owners in York may actually be paying property tax on a value higher than what the real market supports right now. That is worth knowing.
Your HonestDoor Price is the real-world check. Use it.
If you own a house in York and you are thinking about listing this summer, the timing conversation is real. Demand is there - homes are selling in 8 days and buyers are paying over asking. But the month-over-month price drop of 11.1% and a growth rank of 272 out of 302 tell you the window may not stay wide open forever. If you are going to move, move with current data in hand, not last year's assessment.
For condo owners, the picture is more encouraging. Values are creeping up, the growth rank is strong at 53 out of 296, and the market is moving fast. If you have been sitting on the fence, the data suggests you are in a better position than most York condo owners have been in a while.
Either way, the first step is the same. Pull your HonestDoor Price today. Know your real number before you call an agent, before you set a price, and before you make any move. York neighbours who do that homework are the ones who come out ahead.
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.