Cliff Bungalow, Calgary - October 2026 Real Estate Report
Cliff Bungalow, Calgary: Prices Are Holding Strong, But the Market Is Telling Us Something
If you live in Cliff Bungalow and you have been watching the "For Sale" signs lately, here is the honest read. The neighbourhood is not crashing. But it is not sprinting either. Prices are high, demand is selective, and the gap between what the city thinks your home is worth and what a buyer will actually pay is wider than you might expect. Let's get into it.
The Vibe: Houses vs. Condos
Houses - Expensive, Slow, and Worth Knowing About
We are sitting in the top tier of Calgary for house prices. A price rank of 30 out of 221 neighbourhoods means Cliff Bungalow houses are among the most expensive in the city. That is not nothing. The average sale price came in at $1,247,500 this period, though that is down 20% from last month - a big swing that is worth watching. With only 2 sales to work with, one or two outlier properties can move that number significantly, so do not panic yet.
What should get your attention is the days-on-market number. Houses here are sitting for an average of 48 days. That is longer than Mission at 29 days, which tells us buyers are being choosy. They are not rushing. And when they do make an offer, they are coming in at about 97.3% of list price - meaning sellers are giving up a little ground to close the deal.
- Average sale price: $1,247,500
- Average list price this month: $745,000
- Price per square foot: $557
- Average days on market: 48
- Sale-to-list ratio: 97.32%
- Properties sold in 2026: 13
- Growth rank: 146 out of 221 (below average)
The predicted market value for a Cliff Bungalow house right now is $1,134,619, and that number is drifting slightly below the 3-month moving average of $1,143,161. The market is taking a breather. Not a nosedive - a breather.
Condos - A Different Story, and Not a Simple One
Our condo market is where things get really interesting - and a little complicated. The average assessed value for condos sits at $356,338, but the HonestDoor Price is $591,868. That is a 66% gap. The city's number is seriously out of step with reality here, which matters a lot if you are making any financial decisions based on that assessment.
Sales activity is slow. Two condos sold this month, and they sat on the market for an average of 155 days. That is a long time. The days-on-market rank is 77 out of 81 - meaning almost every other comparable neighbourhood in Calgary is moving condos faster than we are. The average sale price of $294,500 is also running below nearby Mission ($349,643) and Beltline ($321,143).
- Average sale price: $294,500
- Average list price this month: $250,000
- Price per square foot: $351
- Average days on market: 155
- Sale-to-list ratio: 96.00%
- Properties sold in 2026: 24
- Growth rank: 134 out of 207 (below average)
- Days-on-market rank: 77 out of 81 (very slow)
If you own a condo here and are thinking about selling, the data is telling you to price it sharply and be patient. Buyers have options, and they know it.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here is the thing about your city assessment. It is a snapshot from months ago, built on a formula that does not account for what is happening on the ground today. In Cliff Bungalow, that gap is real money.
For houses, the average assessed value is $1,113,155. The HonestDoor Price is $1,126,115. That is a $12,960 difference - and the HonestDoor Price is updated in real time using actual market activity. For condos, the gap is even more dramatic. The city says $356,338. HonestDoor says $591,868. If you are a condo owner using your assessment to make decisions about refinancing, selling, or even just understanding your net worth, you could be working with a number that is off by over $235,000.
The HonestDoor Price is the real-world check. It is what the market is actually saying your property is worth today - not what a government formula calculated last year. Check yours at HonestDoor before you do anything else.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Cliff Bungalow and are considering listing this summer, here is the straight talk. You are in a high-value neighbourhood - top 14% in Calgary for price. That is your leverage. But buyers are not in a hurry. They are comparing you to Mission, Beltline, and Upper Mount Royal, and they have inventory to look at. Price it right from day one. Homes that sit for 48-plus days start to get stigmatized, and you do not want to be chasing the market down.
If you own a condo, summer 2025 is a tougher call. Values are drifting down (-1.86% recently), days on market are among the worst in the city, and buyers are paying below list. That does not mean you cannot sell - it means you need a sharp price and a realistic timeline. The rental yield of 3.71% is moderate, so holding and renting is a legitimate option to consider while you wait for conditions to improve.
Either way, the first step is knowing your real number. Not the city's number - your HonestDoor Price. That is where the conversation starts.
- House rental estimate: $4,503 per month (yield: 4.63%)
- Condo rental estimate: $2,586 per month (yield: 3.71%)
- House Airbnb estimate: $224 per night
- Condo Airbnb estimate: $128 per night
- Neighbourhood growth (overall): 0.03% year over year
Cliff Bungalow is still one of Calgary's premium addresses. The numbers back that up. But right now, the market rewards sellers who are informed and priced to move - not those waiting for a bidding war that is not coming.
cliff bungalow | calgary | october 2026This 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.