Callaghan, Edmonton - September 2026 Real Estate Report

Callaghan Real Estate Check-In: Your Neighbour's Assessment Is Lying To You

If you own a home in Callaghan and you've been glancing at your city assessment thinking it tells the whole story - it doesn't. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos in Callaghan

Houses - A Buyer's Game Right Now

We're sitting in a buyers' market for houses here. That's not a guess - the numbers back it up. Homes are selling at an average of 94.84% of list price, meaning buyers are consistently knocking money off the asking price before they sign. The average sale price is sitting at $653,725, but listings are being posted at $819,500 on average. That gap is significant. Sellers are pricing high and coming down.

• Average sale price: $653,725
• Average list price this month: $819,500
• Price per square foot: $394
• Properties sold this month: 5
• Average days on market: 124 days
• Days-on-market rank: 97 out of 112 neighbourhoods - one of the slowest in Edmonton

124 days is a long time to sit. For context, that days-on-market rank of 97 out of 112 puts us near the bottom of the Edmonton leaderboard for selling speed. If you're a buyer, you have time and leverage. If you're a seller, patience is not optional right now - it's the strategy.

On the growth leaderboard, Callaghan houses rank 177 out of 291 comparable neighbourhoods. That's below average. Property values have dipped 0.34% recently. The market is taking a breather.

Condos - Fast Sales, But Prices Are Sliding

The condo story here is a bit of a split personality. On one hand, condos are selling fast - our days-on-market rank is 15 out of 112, which puts us among the quickest-selling condo markets in Edmonton. On the other hand, prices dropped 36.6% from last month, and the predicted market value of $275,306 is trending below the 3-month moving average of $280,342.

• Average sale price: $348,800
• Price per square foot: $74
• Properties sold this month: 1
• Average days on market: 20 days
• Days-on-market rank: 15 out of 112 - very fast-selling
• Price rank: 20 out of 216 - among the most expensive condos in Edmonton

One sale is a thin data set, so take the month-over-month price swing with some caution. But the trend in predicted values is worth watching. The condo growth rank sits at 206 out of 302 - below average on the Edmonton leaderboard. The speed of sales is a bright spot, but values are under pressure.

For renters and investors, the condo rental yield is 4.23% - moderate but real. The house rental yield of 5.39% is the stronger play for anyone thinking about income property in Callaghan.

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 looks at sale data from a prior period and applies it broadly. It doesn't know what's happening on your street this month. That's where the HonestDoor Price comes in.

For houses in Callaghan, the average assessed value is $622,124. The HonestDoor Price is $611,634 - that's 1.69% lower than the assessed value, and it's dropped 2.04% from the previous period. The HonestDoor Price is the real-world check. It's pulling in current market signals, not last year's data.

For condos, the gap is even more striking. The average assessed value is $342,404. The HonestDoor Price is $288,803 - that's 15.65% lower than what the city has on the books. If you're a condo owner making decisions based on your assessment, you could be working with a number that's significantly out of step with what buyers would actually pay today.

The HonestDoor Price for condos has increased 4.90% from the previous period, which is a positive signal - but it's still well below the assessed value. Knowing this gap exists is the first step to making a smarter move, whether you're selling, refinancing, or just keeping tabs on your equity.

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

Let's be straight with each other. If you're a house owner in Callaghan thinking about listing this summer, the market is not in a rush to meet your price. Homes are sitting for over four months on average. Buyers are paying about 5% below list. Your competition includes listings priced at $819,500 that haven't moved.

The smart play is pricing close to reality from day one. The HonestDoor Price of $611,634 for houses and the predicted market value of $624,373 give you a credible anchor. Overpricing and chasing the market down is the slow, expensive route.

It's also worth knowing where Callaghan sits against nearby neighbourhoods. Every comparable area - Rutherford, Allard, and Cavanagh - is cheaper and growing faster for houses. That means buyers who are price-sensitive have options. You need to give them a reason to choose Callaghan.

• Rutherford houses: HonestDoor Price $510,204 - cheaper, growing faster
• Allard houses: HonestDoor Price $573,109 - cheaper, growing faster
• Cavanagh houses: HonestDoor Price $557,469 - cheaper, growing faster

For condo owners, the faster sales pace is genuinely good news. If you price right, you could be done in under three weeks. But "pricing right" means acknowledging that the HonestDoor Price of $288,803 is the realistic number - not the $342,404 on your assessment notice.

Bottom line: Callaghan is a solid, established neighbourhood with real rental income potential and a price rank that puts us above average in Edmonton. But this summer's market rewards sellers who are honest about current values. Check your HonestDoor Price, price with purpose, and you'll be ahead of most of your competition before you even put up the sign.

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.