East YEG Real Estate Update: What Buyers & Sellers Need to Know This Week (August 31, 2026)

by Jason Beattie

East YEG Weekly Market Update

Week Ending August 31, 2026

Data reflects board records as of August 31, 2026, 5:41 AM (most recent Input Date in the dataset). Figures below are a snapshot as of that date and time and may shift as new records are entered. Starting this week, East YEG coverage expands from 13 to 17 neighbourhoods, adding Argyll, Cloverdale, Hazeldean, and Ritchie. Because of this expanded scope, this week's totals are not directly comparable to last week's for the affected line items; a clean like-for-like trend resumes next week.

208

Active Listings

Coverage expanded, trend resumes next week

Pending

Coverage expanded, trend resumes next week

Sold (30 Days)

Coverage expanded, trend resumes next week

3.10

Months of Inventory

Coverage expanded, trend resumes next week

Jason's Take, DRAFT, needs your review and edit before publishing

"Starting this week, East YEG coverage grows to 17 neighbourhoods with the addition of Argyll, Cloverdale, Hazeldean, and Ritchie, so treat this week's headline numbers as a new baseline rather than a straight comparison to last week. Across all 17 communities we're sitting at 208 active listings, 67 sales in the last 30 days, and 3.1 months of inventory. Homes are still selling at a median of 98.64% of list price, so buyers aren't getting steep discounts, but 36.1% of active listings have already been reduced from their original price at least once. If you're selling, that reduction rate is the number I'd want you paying attention to."

Market Pulse by Home Style

Detached Single Family

Active: 174 | Pending: 15 | Sold (30d): 53 | Months of Inventory: 3.28

Style	Active	Pending	Sold (30d)	Months Inv.
Bungalow	90	8	36	2.50
2 Storey	44	5	9	4.89
1 & Half Storey	8	0	3 (low sample)	2.67
Raised Bungalow	6	0	3 (low sample)	2.00
Bi-Level	6	0	no sales this period	N/A
3 Storey	5	0	no sales this period	N/A
2 & Half Storey	4 (low sample)	0	no sales this period	N/A
4 Level Split	2 (low sample)	0	no sales this period	N/A

Condo

Active: 34 | Pending: 4 | Sold (30d): 14 | Months of Inventory: 2.43

Style	Active	Pending	Sold (30d)	Months Inv.
Single Level Apartment	26	4	12	2.17
Multi Level Apartment	3 (low sample)	0	1 (low sample)	N/A
2 Storey	3 (low sample)	0	1 (low sample)	N/A

What Changed This Week

New Listings: 26 this week, level with 26 the week prior (this comparison includes the newly added neighbourhoods on both sides of the count).
Sold: 13 this week, down from 16 the week prior.
Terminated + Expired: 43 combined this reporting period (21 terminated, 22 expired).

Pricing

Overall median sold price: $479,000 (67 homes)

Detached Single Family median: $506,500 (53 homes)

Bungalow: $484,500 (36 homes)
2 Storey: $660,000 (9 homes)
1 & Half Storey: $491,000 (3 homes, low sample)
Raised Bungalow: $365,000 (3 homes, low sample)
4 Level Split: $642,000 (1 home, low sample)
3 Storey: $799,900 (1 home, low sample)

Condo median: $223,400 (14 homes)

Single Level Apartment: $196,500 (12 homes)
2 Storey: $445,000 (1 home, low sample)
Multi Level Apartment: $325,000 (1 home, low sample)

Negotiation

Median sale-to-list ratio: 98.64% (67 homes)

17.9% of sales closed over asking, 11.9% closed exactly at asking, and 70.1% closed under asking.

Speed

Median Days on Market (sold, last 30 days): 19 days (66 homes)

Price Reduction Watch

36.1% of active listings (75 of 208) have been reduced from their original list price.

Median reduction amount: $25,000

This week, 43 East YEG listings came off the market without selling, with a median of 82 days on market before they gave up, and 19 of them sat for 90 days or more.

East YEG Neighbourhood Leaderboard

30-day window across all 17 East YEG neighbourhoods. Neighbourhoods need 3+ sales to qualify.

Category	Neighbourhood	Stat
Most Active	King Edward Park, Ottewell & Ritchie (three-way tie)	8 sales in 30 days each
Fastest-Selling	Forest Heights	8-day median DOM (3 sales)
Strongest Seller Negotiating Position	Avonmore	102.61% median sale-to-list (3 sales)

New Listings Spotlight

6804 94A Ave NW, Ottewell, $659,900

Bungalow, Built 1965

LOWEST $/SQ FT THIS WEEK

8823 90 St NW, Bonnie Doon, $2,399,000

2 Storey, Built 2026, Legal basement suite (2nd Suite Permit confirmed by seller)

NEW CONSTRUCTION LEGAL BASEMENT SUITE

9733 79 Ave NW, Ritchie, $1,212,500

2 Storey, Built 2026, Legal basement suite (2nd Suite Permit confirmed by seller)

NEW CONSTRUCTION LEGAL BASEMENT SUITE

10109 80 St NW, Forest Heights, $768,000

Bi-Level, Built 1997, Legal basement suite (2nd Suite Permit confirmed by seller)

LEGAL BASEMENT SUITE RELISTED, NOT NEW

Relisted, Not New: Originally listed June 30, 2026 at $820,000. Expired after 62 days, around August 31, 2026. Relisted the same day, August 31, 2026, at $768,000.

Aggregate note: 7.7% of current active East YEG inventory (16 of 208 listings) is a relist, a property that previously terminated or expired and came back on the market under a new listing ID. Six of this week's 26 new listings are relists, including properties in Cloverdale, Gold Bar, King Edward Park, Forest Heights, and Hazeldean.

See All New East YEG Listings

Thinking About Selling in East YEG?

What Would It Take to Get Top Dollar for Your Home?

Between negotiation trends, price reductions, and how fast homes are actually moving right now, the numbers above only tell part of the story. I'll give you a straight answer on what your specific home is worth today, and what it would take to maximize your sale price in this market.

Get Your Free Home Valuation Book a Free Strategy Call

What Did Homes Near Me Sell For in East YEG?

Individual sold prices aren't published in this post. Viewing actual sold prices requires a free sign-in. This is a REALTORS® Association of Edmonton (RAE) requirement, not a restriction Jason is choosing to impose. Sign in below to see sold listings for any of the 17 East YEG neighbourhoods.

Avonmore Bonnie Doon King Edward Park Idylwylde Holyrood Kenilworth Ottewell Terrace Heights Forest Heights Gold Bar Fulton Place Capilano Strathearn Argyll Cloverdale Hazeldean Ritchie

Frequently Asked Questions

What is the East YEG real estate market like right now?

As of August 31, 2026, East YEG, now covering 17 neighbourhoods, has 208 active listings, 19 pending, and 67 sales in the last 30 days, working out to about 3.1 months of inventory. The median sold price across all property types is $479,000, homes are selling at a median 98.64% of list price, and the typical sale closes in about 19 days on market.

Which East YEG neighbourhoods have seen the most home sales this month?

King Edward Park, Ottewell, and Ritchie are tied for the most activity over the last 30 days, each posting 8 sales, more than any of the other East YEG communities.

Where are East YEG homes selling the fastest right now?

Forest Heights leads this period with a median of just 8 days on market across its recent sales (based on 3 sales), the quickest turnaround of any East YEG community with enough sales to measure reliably.

Are Argyll sellers reducing their prices right now?

Yes, and significantly. 75% of Argyll's active listings have already been reduced from their original list price, the highest reduction rate of any East YEG neighbourhood this week, a strong signal buyers there may have room to negotiate.

Is Capilano a higher end market within East YEG?

Yes. Capilano currently has the highest median active list price of any East YEG neighbourhood, at $999,850, making it a community worth watching for buyers targeting the upper end of the East YEG price range.

Jason Beattie

REALTOR® | eXp Realty | BT Group

780-791-9633 | Jason.Beattie@eXpRealty.com

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