Neighbourhood · Market Report · updated monthly
Heritage Valley Town Centre Market Report June 2026
Southwest district · trailing 12 months · solid sample · Trevor Tardif, REALTOR®
What homes sold for, by type
Apartment condo
$193,500
+2.2% vs a year ago
22 sales · solid sample
Each figure is that type's 12-month rolling median of what actually sold — not a same-home price. We don't publish a single all-types "typical home" number at the neighbourhood level: when the sales mix shifts (say, more apartments sell one year than the last), a blended median moves even though no home changed value. A true same-home index (the MLS® Home Price Index) isn't published below the city level — for that read, see the Edmonton Market Report.
Market verdict
buyer's
all home types · 20% absorption · 5.1 months of inventory
Days to sell
63
typical (median), past 12 months
Sale-to-list
96.6%
of asking price, typical
Sales vs new listings
43%
sold per 100 newly listed, 12 mo
New listings
4.2/mo
homes for sale +12% vs a year ago
Sales, 12 months
22
solid sample
Buyer's or seller's territory?
Absorption is the share of homes for sale that actually sell in a month — the clearest single read on who holds the leverage. Across all home types combined, this neighbourhood runs at 20% , which grades as buyer's market on the Edmonton consumer gauge — against 29% for the city as a whole and 24% for the Southwest district.
The verdict above uses one yardstick (the consumer gauge). Here's the same neighbourhood against every published reference band — CREA's and the Bank of Canada's — so you can apply your own judgment:
The price trend, past two years
One line per home type — solid lines have a solid sample; dashed lines are small samples, so read those loosely. Each point is the trailing-12-month rolling median at that month — smoothed on purpose, so one unusual month can't fake a trend.
What's typical, by home type
Each stat is its own median across that type's sales here in the past year — not one specific home.
Apartment condo
"Finished basement" and "has a suite" are the share of that type's sales with one; they're not shown for apartment condos.
By home type
| Type | Typical price (12 mo) | Vs a year ago | Absorption | Market | Sales |
|---|---|---|---|---|---|
| Apartment Condominiumsolid sample | $193,500 | +2.2% | 23% | buyer's | 22 |
Types are grouped by built form, not title: "Semi-detached" is half duplexes; "Row/Townhouse" covers townhouses and other attached homes whether condo-titled or freehold. Types with fewer than 8 sales in the year aren't shown on their own — they're still counted in the all-types totals above.
Based on 22 sales over the past 12 months — plenty to trust the numbers above.
How to tell if an area favours buyers or sellers (30 seconds)
The workhorse number is absorption — the share of the homes for sale that actually sell in a month (sales ÷ active listings). Under ~30% is a buyer's market, ~30–50% is balanced, over ~50% is a seller's market (the Edmonton consumer gauge). The lower it runs, the more leverage buyers have.
Around it: months of inventory is the same idea flipped (how long today's listings would take to sell at today's pace), days to sell is how long a typical home sat before selling, and sale-to-list is what sellers actually got versus asking (~98% means homes sell about 2% under ask). Every area is shown against the city — and neighbourhoods against their district too — so you can see at a glance whether it runs hotter or cooler than the market around it.
Sample sizes matter down here. 20+ sales in a year is a solid sample; 8–19 is shown as a hint (small sample); below 8, an area doesn't get its own numbers — check its district instead. Prices are 12-month rolling medians of what actually sold, compared to the same window a year earlier.
Sources & licence
Heritage Valley Town Centre neighbourhood market report — vintage June 2026, trailing-12-month window. Derived from MLS® listing data (REALTORS® Association of Edmonton); aggregated medians and counts above a minimum-sample floor. Price figures are 12-month rolling medians of what actually sold — not the same-home MLS® Home Price Index (city-level only). Market verdicts use the Edmonton consumer gauge (buyer's <30% / balanced / seller's >50% monthly absorption). Analysis by Trevor Tardif.
Neighbourhood figures reflect what sold, not what any specific home is worth — small samples especially can move on the mix of what happened to sell. Trevor Tardif is a licensed REALTOR® with REAL Broker AB Ltd, Edmonton, Alberta. Content on this site does not constitute financial or investment advice.
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