Cedarbrae, Calgary - July 2026 Real Estate Report

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

If you own a home in Cedarbrae and you're still going off your city assessment, you might be working with a number that's already out of date. Here's what's actually happening on the ground right now - and what it means for your wallet.

The HonestDoor Price vs. Your Assessment

The city assessed the average Cedarbrae house at $583,085 this year. But the HonestDoor Price - which pulls from real, current market activity - puts that same house at $576,322. That's a gap of about $6,700. For condos, the story is even more dramatic. The city assessment sits at $417,251, while the HonestDoor Price is $1,186,326. That is not a typo. The condo HonestDoor Price is 184% above the average assessed value in Calgary. If you're a condo owner in Cedarbrae, your city assessment is telling you almost nothing useful about what your unit is actually worth today.

The HonestDoor Price updates in real time. Your tax assessment does not. That difference matters whether you're selling, refinancing, or just trying to know where you stand.

The Vibe: Houses vs. Condos in Cedarbrae

Houses - Taking a Breather

Let's be straight with each other. The house market in Cedarbrae is cooling off. The average sale price for houses is $471,601, which is down 4.6% from last month. Seven homes sold in that period - up 16.7% from the month before, so more deals are getting done, but at lower prices. Homes are sitting on the market for an average of 50 days, and buyers are paying 99% of list price. That one-percent discount sounds small, but it signals that buyers have room to negotiate, which they didn't have a year ago.

• Average house sale price: $471,601 (down 4.6% month over month)
• Average list price: $512,400
• Price per square foot: $414
• Days on market: 50
• Sale-to-list ratio: 99% - buyers are paying slightly under asking
• HonestDoor predicted value: $574,894 - up from the 3-month average of $566,332
• Rental yield: 5.49% - that is a strong return for investors
• Estimated monthly rent: $2,825

On the neighbourhood leaderboard, Cedarbrae houses rank 85 out of 233 Calgary neighbourhoods for growth. That puts us in the above-average tier - not leading the pack, but solidly ahead of the middle. For price, we rank 198 out of 220, meaning Cedarbrae is one of the more affordable options in the city. That affordability is a real draw for buyers who've been priced out elsewhere.

Compare that to our neighbours: Oakridge houses are selling at $407,050 and Palliser at $444,500. We're actually coming in higher than both right now, which says something about the demand that still exists here even as the market cools.

Condos - A Different Story Entirely

The condo side of Cedarbrae is a completely different conversation. Only one condo sold last month - down 50% from the month before - but it sold at exactly list price ($400,000) and was off the market in 22 days. That's fast. And the HonestDoor predicted value for condos sits at $1,265,898, up from the 3-month moving average of $1,231,816.

• Average condo sale price: $400,000 (up 11% month over month)
• Price per square foot: $279
• Days on market: 22
• Sale-to-list ratio: 100% - no discounts here
• HonestDoor predicted value: $1,265,898
• Rental yield: 3.60% - moderate, but the rent estimate is $3,724 per month
• Airbnb potential: $185 per night - Cedarbrae condos rank 26th in all of Calgary for Airbnb income

That Airbnb rank of 26 out of all Calgary neighbourhoods is a number worth paying attention to. If you own a condo here and you're not thinking about short-term rental income, you're leaving money on the table. On the growth leaderboard, Cedarbrae condos rank 35 out of 216 neighbourhoods - that puts us firmly in the top performers category in this city.

The Secret Sauce: Why Check Your HonestDoor Price Right Now

Here's the thing about city assessments - they are a snapshot from months ago, based on data that's even older than that. The market has moved since then. In Cedarbrae, house values have shifted 1.55% recently and condo values have moved 3.04%. Those are not huge numbers, but they add up fast when you're talking about a $500,000 or $1,000,000 asset.

Your HonestDoor Price is the real-world check. It reflects what buyers are actually paying right now - not what a government formula calculated last fall. With 1,944 house properties and 417 condo properties assessed in Cedarbrae this year, there is plenty of local data feeding into that number. It's not a guess. It's a live read on your biggest asset.

If your HonestDoor Price is higher than your assessment, that gap is equity you might not even know you have. If it's lower, that's equally important to know before you price a listing wrong and sit on the market for two months.

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

If you own a house in Cedarbrae and you're thinking about listing this summer, the window is still open - but it's not as wide as it was. Prices are down month over month, days on market are creeping up to 50, and buyers are negotiating. That doesn't mean you can't get a great price. It means you need to price it right from day one. Overpricing right now will cost you time and money. The average list price is $512,400 but homes are selling at $471,601. That $40,000 gap is the market telling sellers to be realistic.

If you own a condo, the picture is more encouraging. Prices are up 11% month over month, the one unit that sold went for full asking price, and the growth rank of 35 out of 216 means this segment is outperforming most of Calgary. Summer could be a genuinely good time to move.

Either way, the first step is the same: pull your HonestDoor Price before you do anything else. Know your real number. Then decide.

• Cedarbrae house growth rank: 85 out of 233 Calgary neighbourhoods - above average
• Cedarbrae condo growth rank: 35 out of 216 Calgary neighbourhoods - top tier
• Total transactions in 2026 so far: 74 houses, 15 condos
• Neighbourhood year-over-year growth: 0.06% for houses, 0.02% for condos
• Rental income potential: $2,825 per month for houses, $3,724 per month for condos

Cedarbrae is not the flashiest neighbourhood on the Calgary leaderboard. But it's affordable, it's got strong rental returns, and the condo segment is quietly punching above its weight. If you live here, you already know it's a solid place to own. Just make sure your numbers are as current as the market is.

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.