Cliff Bungalow, Calgary - August 2026 Real Estate Report

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

If you own property in Cliff Bungalow and you're still going off your city assessment, you're working with old news. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos

Houses - Taking a Breather

Let's be straight with each other. The house market in Cliff Bungalow is cooling off. Only 1 house sold recently, down 50% from the month before, and the average sale price sits at $1,200,000 - down 23% from last month. That's a big swing. Buyers are paying about 96 cents on the dollar of list price, which tells us sellers are having to negotiate.

The number that stings a little? Houses are sitting on the market for an average of 418 days. That is not a typo. If you're listing a house here, patience is not optional - it's the whole strategy.

• Average sale price: $1,200,000
• Average list price this month: $1,249,000
• Price per square foot: $645
• Sale-to-list ratio: 96.08%
• Average days on market: 418
• Properties sold recently: 1
• Predicted market value (HonestDoor): $1,159,283
• 3-month moving average: $1,148,354 - and rising
• Estimated monthly rent: $4,576
• Rental yield: 4.59%

The silver lining? The predicted value is trending up against the 3-month average, and on the neighbourhood leaderboard, Cliff Bungalow houses rank 36 out of 236 Calgary neighbourhoods for growth. That puts us in the top 15%. The bones here are strong, even if the current sales volume is thin.

Condos - A Different Story Entirely

Condos in Cliff Bungalow are a completely different conversation. Two sold recently, prices jumped 44.3% from last month to an average of $436,500, and they're moving in an average of 29 days. That is a healthy, active market. Buyers are paying 98.48% of list price - basically full ask.

We're also sitting above Beltline condos ($389,278 average sold price) and just below Mission ($472,417). That's a solid middle-ground position in one of Calgary's most in-demand inner-city corridors.

• Average sale price: $436,500
• Average list price this month: $441,950
• Price per square foot: $391
• Sale-to-list ratio: 98.48%
• Average days on market: 29
• Properties sold recently: 2
• Predicted market value (HonestDoor): $613,486
• 3-month moving average: $608,430 - and rising
• Estimated monthly rent: $2,645
• Rental yield: 3.68%
• Airbnb potential: $131 per night

On the neighbourhood leaderboard, Cliff Bungalow condos rank 42 out of 216 Calgary neighbourhoods for growth. Top 20%. And with days-on-market ranked 26 out of 72, we're moving product faster than most comparable areas.

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 the past. It doesn't know what sold last month, what buyers are actually paying today, or where the market is heading.

For houses, the average city assessment in Cliff Bungalow is $1,113,155. The average HonestDoor Price is $1,135,581. That's a $22,426 gap - and it's a real-time number, not a government estimate that's already months old by the time it lands in your mailbox.

For condos, the gap is even more dramatic. The average assessed value is $356,338. The average HonestDoor Price is $610,846. That's 71% higher than what the city has on file. If you're a condo owner making any financial decision - refinancing, selling, even just understanding your net worth - using the assessment number is leaving serious money on the table in terms of your understanding of what you actually own.

The HonestDoor Price updates continuously. Your assessment does not. That's the difference between a real-world check and a history lesson.

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

If you own a house in Cliff Bungalow and you're thinking about selling this summer, go in with clear eyes. The market is soft right now - low volume, long days on market, and buyers negotiating below list. That doesn't mean don't sell. It means price it right from day one. Overpriced houses in this market are the ones sitting for 418 days. A sharp list price based on the HonestDoor Price of $1,159,283 - not wishful thinking - gives you the best shot at a real transaction.

If you own a condo, the summer outlook is genuinely better. Demand is there, prices are rising, and 29 days on market means you're not waiting around. The predicted value of $613,486 is climbing above the 3-month average, which is the kind of momentum that makes a summer listing timing look smart.

Either way, the first move is the same - check your HonestDoor Price today. Not your assessment. Not what your neighbour thinks their place is worth. The actual number, updated for the market we're in right now.

• Cliff Bungalow house growth rank: 36 out of 236 Calgary neighbourhoods
• Cliff Bungalow condo growth rank: 42 out of 216 Calgary neighbourhoods
• Total condo transactions in 2026 so far: 24
• Total house transactions in 2026 so far: 9
• Neighbourhood year-over-year growth (houses): 0.03%
• Neighbourhood year-over-year growth (condos): -0.05%

Cliff Bungalow is one of Calgary's pricier inner-city pockets - ranked 25th out of 220 neighbourhoods for house prices. That reputation holds. But reputation alone doesn't set your sale price. Current data does.

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.