Anders South, Red Deer - October 2026 Real Estate Report
Anders South, Red Deer: Your Home Is Worth More Than the City Thinks
If you own a place in Anders South and you haven't checked your numbers lately, now is the time. Prices here are holding strong, transaction activity is real, and the gap between what the city assessed your home at and what it's actually worth on today's market is wider than most people realize.
The Vibe - Houses vs. Condos
Houses: High Prices, But Take a Breath
We're sitting at an average sale price of $673,333 for houses this month - that's up 10.4% from last month, which is a big jump. But here's the honest read: only 3 homes sold, listings are sitting at an average of $729,900, and homes are taking 47 days to move. Buyers are paying about 97.62% of list price, so they're negotiating a little room for themselves.
The predicted market value for houses right now is $604,530, which is actually down slightly from the 3-month moving average of $619,323. Property values have dipped 3.59% recently. So yes, sale prices popped this month - but the underlying trend is taking a breather. On the neighbourhood leaderboard, Anders South houses rank 52 out of 80 for growth in Red Deer. That puts us in the below-average tier for appreciation right now. The good news? We rank 8 out of 58 for price - meaning we're among the most expensive neighbourhoods in the city. That's not nothing.
- Average sale price (houses): $673,333 - up 10.4% this month
- Average list price: $729,900
- Price per square foot: $353
- Average days on market: 47
- Sale-to-list ratio: 97.62%
- Predicted market value: $604,530
- Estimated monthly rent: $2,864 - rental yield of 5.44%
- Growth rank: 52 out of 80 in Red Deer
- Price rank: 8 out of 58 in Red Deer
Condos: Steady and Quietly Expensive
The condo side of Anders South is a different story - smaller volume, but surprisingly strong prices. One condo sold this month at $624,000, with listings averaging $635,000. At $409 per square foot, these are not your average condos. Buyers paid 98.27% of list price, which tells us the market here is stable, not panicked.
The predicted value is $592,909 and it's actually creeping up against the 3-month moving average of $590,165 - a small but positive signal. Values are up 1.27% recently. On the leaderboard, Anders South condos rank 47 out of 72 for growth - below average - but rank 2 out of 39 for price in Red Deer. Second most expensive condo neighbourhood in the city. That's a real stat.
- Average sale price (condos): $624,000
- Average list price: $635,000
- Price per square foot: $409
- Average days on market: 24
- Sale-to-list ratio: 98.27%
- Predicted market value: $592,909
- Estimated monthly rent: $2,919 - rental yield of 3.66%
- Growth rank: 47 out of 72 in Red Deer
- Price rank: 2 out of 39 in Red Deer
The Secret Sauce - Why Your HonestDoor Price Matters Right Now
Here's the thing about your city assessment: it's a snapshot from the past. It doesn't know what sold on your street last month. It doesn't know that Anders South houses are averaging $673,333 in actual sales right now, or that condos here are the second most expensive in Red Deer.
The HonestDoor Price is the real-world check. For houses, it's sitting at $608,295 - up 1.10% from the previous period. For condos, it's $594,245 - up 0.23%. These numbers update with the market. Your tax assessment does not. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you should be looking at, not a government document that's already a year or more out of date.
The So What - Thinking About Selling This Summer?
If you're a house owner in Anders South and you're thinking about listing this summer, the timing has some real upside - but go in with clear eyes. Prices are high and you're in one of the priciest neighbourhoods in Red Deer. The catch is that homes are sitting for 47 days on average, and buyers are chipping away at list prices. Price it sharp from day one. A home sitting for 60 days in summer starts to look stale fast.
If you own a condo here, the story is actually pretty solid. Values are ticking up, days on market are reasonable at 24 days, and you're in rare company at the top of the Red Deer price rankings. A well-priced condo in Anders South right now has a real shot at a clean sale before fall.
Either way, check your HonestDoor Price before you call an agent. Walk into that conversation knowing your number - not the city's number. Anders South is one of Red Deer's pricier addresses, and that's worth something. Don't leave money on the table because you were working off old data.
anders south | red deer | october 2026This 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.