Belmont, Calgary - August 2026 Real Estate Report

Belmont, Calgary: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Belmont and you're still quoting your city assessment to people at a backyard BBQ, it's time for an honest conversation. The numbers have shifted, and the gap between what the city thinks your place is worth and what buyers will actually pay is wider than most people realize.

The Vibe: What's Happening on Our Streets Right Now

Houses - Taking a Breather

We're seeing houses cool off in Belmont. The average sale price for a house sits at $532,500 this month - down 7.9% from last month. That's not a cliff, but it's not nothing either. Listings are sitting at $543,699 on average, and homes are selling for about 98% of asking price, meaning buyers are getting a small discount at the table.

• Average sale price: $532,500
• Average list price: $543,699
• Price per square foot: $373
• Average days on market: 40 days
• Properties sold this month: 4
• Sale-to-list ratio: 98.01%

Forty days on market is worth noting. That's not a fast flip - buyers are taking their time, and they have a bit of leverage right now. The HonestDoor predicted market value for houses is $553,796, which is actually sliding down from the 3-month moving average of $555,814. The direction matters as much as the number.

On the neighbourhood leaderboard, Belmont houses rank 176 out of 236 Calgary neighbourhoods for growth. That puts us in the below-average tier for price appreciation right now. Honest answer? This is a market taking a breather, not one charging ahead.

Condos - A Different Story

Condos in Belmont are telling a more interesting story. While houses are softening, condo values are quietly climbing. The HonestDoor predicted market value for condos is $501,910 - and that's moving up from the 3-month average of $480,530. That's a meaningful jump in the right direction.

• Average sale price: $442,000
• Average list price: $450,000
• Price per square foot: $351
• Average days on market: 50 days
• Properties sold this month: 1
• Sale-to-list ratio: 98.22%

On the neighbourhood leaderboard, Belmont condos rank 23 out of 216 Calgary neighbourhoods for growth. That puts us near the top of the city for condo appreciation. If you own a condo here, that's a number worth paying attention to. The rental yield on condos is sitting at 3.93% - moderate, but steady. Estimated rent comes in at $2,314 per month, which keeps the investor math reasonable.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here's the thing about city assessments - they're a snapshot from the past. The city assessed the average Belmont house at $671,033. But the average HonestDoor Price for that same house? $550,567. That's a gap of nearly 18%. If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - using the city number is like navigating with an old map.

The HonestDoor Price updates in real time, pulling from actual market activity. Right now it's showing a 0.58% dip for houses from the previous period. That's the real-world check the assessment simply cannot give you. For condos, the city assessed average is $481,383, and the HonestDoor Price is $488,836 - actually 1.55% above the assessed value. Two property types, two very different stories. The assessment treats them almost the same. The market doesn't.

Bottom line: your assessment tells you what a government office calculated months ago. Your HonestDoor Price tells you what a buyer would likely pay today.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Belmont and you're eyeing a summer sale, the honest advice is this: price it sharp from day one. With 40 days on market and buyers paying just under asking, overpricing will cost you time and probably money. The market is not punishing sellers, but it's not rewarding wishful thinking either.

There were 54 house transactions in Belmont in 2026 across 619 assessed properties. That's a relatively thin slice of the market turning over, which means competition among sellers is real. Your pricing strategy needs to reflect what buyers are actually doing - not what the assessment says you should be worth.

If you own a condo, the timing looks more interesting. With a growth rank of 23 out of 216 and values trending upward, you have some momentum behind you. One sale this month is a small sample, but the predicted value trajectory is moving in the right direction. A well-priced condo this summer could catch buyers who've been priced out of the house market.

Either way, pull your HonestDoor Price before you call an agent. Walk into that conversation knowing the real number - not the one the city mailed you.

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.