Cedarbrae, Calgary - September 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're working with old news. Here's what the market is actually doing right now - and what it means for your wallet.

The Vibe: Houses vs. Condos in Cedarbrae

Houses - A Buyers' Market Taking a Breather

If you've been watching the "For Sale" signs in Cedarbrae, here's what's actually happening. Only 2 houses sold this month - that's down 50% from last month. Homes are sitting on the market for about 23 days, and buyers are paying 98.28% of list price. Translation: sellers are making small concessions to get deals done.

• Average sale price: $641,000
• Average list price this month: $699,000
• Price per square foot: $517
• Average days on market: 23
• Sale-to-list ratio: 98.28% - buyers are winning small
• HonestDoor predicted value: $570,586
• Estimated monthly rent: $2,806
• Rental yield: 5.50% - that's a strong return

We're sitting at rank 192 out of 220 for price in Calgary - which means Cedarbrae houses are among the most affordable options in the city. That's not a knock on the neighbourhood. That's an opportunity. Compared to nearby Oakridge and Palliser, we're significantly more affordable, and we're actually growing faster than both of them.

On the neighbourhood leaderboard, Cedarbrae houses rank 157 out of 238 for growth. Below average, yes - but the rental yield of 5.50% is the real story here for anyone thinking about holding rather than selling.

Condos - A Smaller but Surprisingly Strong Story

The condo side of Cedarbrae is a different animal. Only 1 condo sold this month, but it sold at exactly 100% of list price. No discounts. No negotiating. That's a balanced, stable market doing its thing quietly.

• Average sale price: $400,000
• Average list price: $400,000
• Price per square foot: $279
• Average days on market: 22
• Sale-to-list ratio: 100% - what sellers ask, sellers get
• HonestDoor predicted value: $1,177,217
• Estimated monthly rent: $3,642
• Rental yield: 3.62% - moderate but steady
• Airbnb rank in Calgary: 27 out of 175 - top tier short-term rental potential

That Airbnb rank of 27 in Calgary is worth a second look. If you own a condo in Cedarbrae and haven't thought about short-term rental income, you're leaving money on the table. At $182 per night estimated, this neighbourhood punches well above its weight for short-term rental appeal.

On the condo leaderboard, Cedarbrae ranks 128 out of 216 for growth - below average - but ranks 56 out of 175 for price, putting it above average in value compared to the rest of Calgary's condo market.

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

Here's the thing about your city assessment. It's a snapshot from months ago, built on formulas that don't know your renovated kitchen or your neighbour's recent sale. It's a tax tool, not a selling tool.

The HonestDoor Price is updated in real time. For Cedarbrae houses, the city's average assessed value sits at $582,956. The HonestDoor Price is $572,906 - already 1.72% lower. If you're pricing a listing based on your assessment, you may be starting the conversation in the wrong place.

For condos, the gap is even more dramatic. The average assessed value is $417,057, but the HonestDoor Price is $1,213,590 - reflecting a very different picture of what the market actually sees in these properties. Whether that gap reflects unique units, recent sales data, or short-term rental income potential, the point is simple: the assessment and the real-world value are not the same number. Check your HonestDoor Price before you make any decisions.

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

Let's be straight with each other. This is not a seller's market for houses in Cedarbrae right now. Buyers are paying slightly under list, homes are taking a few weeks to move, and values have dipped 0.97% recently. That said, "not a seller's market" doesn't mean "bad time to sell." It means you need to price it right from day one.

Here's the practical breakdown for anyone thinking about listing this summer:

• Price sharp - homes sitting at $699,000 are selling closer to $641,000. The gap between hope and reality is about $58,000 right now.
• Know your HonestDoor Price first - it's your real-world anchor before you talk to any agent.
• If you can hold, the 5.50% rental yield on houses makes renting a genuinely competitive option.
• Cedarbrae is more affordable than Oakridge, Palliser, and Braeside - lean into that when marketing to buyers priced out of those neighbourhoods.
• For condo owners, the 100% sale-to-list ratio says the market is fair and steady. Not flashy, but reliable.

With 86 house transactions and 17 condo transactions recorded in 2026 so far, Cedarbrae is an active neighbourhood - not a ghost town. Buyers are here. They're just being careful. Meet them where they are, price it honestly, and you'll move it.

Want to know your specific HonestDoor Price? That's the number to start with - not the assessment notice sitting in your filing cabinet.

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.