The Watercrest market

Market report · Neighbourhood · Aug 2026

The Watercrest market, in numbers

Part of Parkland — see the Parkland report

Homes in Watercrest typically sell in about 69 days. With 18.0 months of inventory, it’s a buyer’s market.

Some comparisons are hidden until at least 3 transactions close in a month. Medians below are drawn from very small samples — treat them as indicative.

Median sale price

$1.1M

↓ −42.5% MoM

2 sales closed in Aug 2026

Low sample

Median rent

$6,250/mo

↓ −10.7% MoM

1 leases closed in Jun 2026

Low sample

Time to sell

69 days

typical days on market

Low sample

Days from listing to going under contract.

Months of inventory

18.0 mo

buyer’s market

Low sample

Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.

Sells 16 days slower than Parklanddays on market

Your questions, answered

Straight answers from Watercrest’s closed transactions.

What does a home here cost?

The median sale closed at $1.1M in Aug 2026. Typical sales ranged $1.05M–$1.14M.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $7,803/mo including taxes and HOA — comfortable at a household income around $312k a year, using the 30% rule. Renting instead costs $6,250/mo.

Is now a good time to buy?

18.0 months of inventory points to a buyer’s market.

How fast do homes sell?

About 69 days from listing to contract in Aug 2026. The pace picks up toward January and slows around June.

How much room is there to negotiate?

Not enough closed sales this month to measure — the price-cut chart below is the best proxy.

When is the best time to list?

Closings peak in January and bottom out around June. Listing four to six weeks ahead of the peak historically gets the most eyes.

Is it a good rental investment?

Yield needs at least 3 closed sales and 3 closed leases in a month — this area doesn’t clear that bar yet.

Buying vs renting

Price-to-rent ratio is 14.6 — buying typically starts to beat renting after roughly 3–4 years here.

To buy — median sale price

Sale price, $

$1.1M↓ −42.5% MoM

Aug 2026 — median $1.1M · 2 sales · 69 days on market · low sample

$1.0M

$1.5M

$2.0M

$2.5M

Sep ’25

Nov ’25

Jan ’26

Mar ’26

May ’26

Jul ’26

To rent — median monthly rent

Monthly rent, $

$6,250/mo↓ −10.7% MoM

Jun 2026 — median $6,250/mo · 1 leases · 26 days on market · low sample

$6,000

$8,000

$10k

$12k

$14k

Sep ’25

Nov ’25

Jan ’26

Mar ’26

May ’26

Jul ’26

MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.

What sells here

Sales mix and median price by property type, last 12 months.

House

$1.55M

100% of sales · 7 closed

Market depth

Supply and demand

Listings per month

Aug 2026 — 2 closed · 0 new · 18 active

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

ClosedActive (on market)New listings

Seasonality

Avg closings

Listings move fastest in January

0.5

1.5

Average closings by calendar month, drawn from at least two years of history.

Price-cut pressure

% of active listings

Aug 2026 — 61% of active listings cut · median cut 3.2%

25%

50%

75%

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

3-month averageSingle month

HOA fees per sqft

$ per sqft, monthly

$0.17 per sqft · Aug 2026

$0.05

$0.10

$0.15

$0.20

$0.25

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

Median monthly HOA fee per square foot among closed sales.

How neighbourhoods compare across Parkland

Median sale price, last 12 months. Tap a row to open its report.

Parkland Golf and Country Club

$1.72M

$1.55M

$1.07M↑ +9.2% YoY

$916k↓ −4.6% YoY

$874k

$763k↑ +7.5% YoY

$763k↑ +51.2% YoY

$725k

$247k

Homes for sale in Watercrest →Rentals in Watercrest →

Based on 21 closed transactions over the period shown · Updated Sep 1, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.