Belvedere, Calgary - September 2026 Real Estate Report

Belvedere, Calgary: Your Home Is Worth Less Than the City Thinks - And That Actually Matters

The Vibe Right Now

If you've been watching the "For Sale" signs in Belvedere, here's what's actually happening. The city has your home assessed at an average of $695,556. But the HonestDoor Price - which pulls from real, current market activity - puts the average closer to $606,480. That's a gap of nearly $89,000. For us, that's not a small rounding error. That's a number that affects what you think your home is worth, what you list it at, and what a buyer is willing to pay.

The neighbourhood is growing, but slowly. Year-over-year growth sits at 0.10%. It's not a boom, but it's not a bust either. Think of it as Belvedere taking a steady, measured breath while other parts of Calgary sprint ahead.

Houses: Strong Prices, But Read the Fine Print

The average sale price for houses in Belvedere hit $870,000 this period - up 20% from last month. That sounds like a party. But before you pop anything, note that only 1 house sold, which is down 50% from the month before. One sale does not make a trend. It makes a data point.

• Average sale price: $870,000
• Average list price: $888,999
• Sale-to-list ratio: 97.86% - buyers are paying slightly below asking
• Average days on market: 64 days
• Price per square foot: $316
• HonestDoor predicted value: $603,908
• 3-month moving average: $609,179 - values are dipping slightly
• Rental yield: 5.41%
• Estimated monthly rent: $2,815

Houses here are selling faster than nearby 09P (64 days vs. 67 days), which tells us demand is real, even if volume is thin. The predicted market value of $603,908 is actually trending down slightly from the 3-month average of $609,179. That -1.46% recent change is worth watching. On the neighbourhood growth leaderboard, Belvedere houses rank 178 out of 238 Calgary neighbourhoods. That puts us in the below-average tier for growth right now.

The rental story is better. A 5.41% yield on a house is genuinely solid. If you're holding and not selling, the income case for staying put is strong.

Condos: The Quiet Outperformer

Here's where it gets interesting. While houses are grinding, Belvedere condos are quietly climbing. The HonestDoor Price for condos sits at $404,655, and the predicted value of $406,993 is actually rising above the 3-month moving average of $393,066. That 2.51% recent growth puts condos at rank 34 out of 216 comparable Calgary neighbourhoods. That's top-tier performance.

• Average HonestDoor Price: $404,655 (down 0.57% from last period)
• Predicted market value: $406,993
• 3-month moving average: $393,066 - trending up
• Recent value change: +2.51%
• Growth rank: 34 out of 216 Calgary neighbourhoods
• Estimated monthly rent: $2,029
• Rental yield: 3.97%
• Airbnb estimate: $101 per night
• Transactions in 2026: 2

Two transactions is a small sample, but the price trajectory is pointing in the right direction. Compared to nearby condo markets - Twinhills at $70,595, Applewood Park at $178,390, and Red Carpet at $165,588 - Belvedere condos are priced significantly higher and growing faster. We're not in the same conversation as those neighbourhoods anymore.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

The city's assessed value of $695,556 for houses was calculated using data that is already old by the time it lands in your mailbox. It doesn't know what happened on your street last month. It doesn't adjust for current buyer sentiment or interest rate shifts. It's a snapshot from the past being used to describe the present.

The HonestDoor Price updates in real time. Right now, it's telling us that houses in Belvedere are trading closer to $603,908 - not $695,556. That's a 12.81% difference. If you're using the city's number to anchor your expectations, you could be setting yourself up for a frustrating conversation with buyers who are looking at the same live data your agent is.

Check your HonestDoor Price before you do anything else. It's the real-world check that the assessment simply cannot give you.

So What Does This Mean If You're Thinking About Selling This Summer?

Here's the honest read for Belvedere sellers heading into summer.

• House sellers: Prices look strong on paper, but volume is low and values are dipping slightly. Buyers are negotiating - that 97.86% sale-to-list ratio means they're not paying full ask. Price sharp from day one. Sitting on the market for 64 days is not ideal in a summer market.
• Condo sellers: The momentum is on your side. Values are rising, the growth rank is top-tier, and you're priced well above comparable nearby neighbourhoods. If you're a condo owner thinking about selling, this summer window looks more favourable than it has in a while.
• For everyone: The gap between the city's assessment and your HonestDoor Price is your starting point for any pricing conversation. Don't anchor to a number the city set months ago.

Belvedere isn't the fastest-moving neighbourhood in Calgary right now, but it's not standing still either. Know your real number, price it right, and the buyers are out there.

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.