Crescent Heights, Calgary - August 2026 Real Estate Report

Crescent Heights Real Estate: What Your Neighbour Hasn't Told You Yet

If you own a home in Crescent Heights and you haven't checked your property value lately, now is the time. The gap between what the city thinks your place is worth and what the market is actually doing is wider than most people realize - and that gap has real money attached to it.

The Vibe: Houses vs. Condos in Crescent Heights

Houses - We're Holding Strong

The house market in Crescent Heights is giving us some interesting signals right now. Average sale prices are sitting at $771,938, and the HonestDoor Price for houses is tracking at $902,259 - up from the 3-month moving average of $896,358. That upward trend matters. It means the momentum is still with sellers, even if the number of sales dipped this past month.

• Average sale price: $771,938 (up 28.7% from last month)
• Average list price this month: $787,200
• Price per square foot: $559
• Homes are selling at 98.28% of list price
• Average days on market: 31
• Properties sold this period: 4 (down 42.9% from last month)
• Estimated monthly rent: $3,797 with a 5.00% rental yield
• Growth rank: 87 out of 236 neighbourhoods in Calgary - that puts us in the above-average tier on the city leaderboard

Four sales in a month sounds quiet, but homes are still moving in about 31 days and sellers are getting very close to asking price. The rental yield of 5.00% is genuinely strong - if you're an investor or thinking about holding rather than selling, that number is worth paying attention to.

Condos - Taking a Breather

The condo side of Crescent Heights is a different story right now, and we should be honest about it. Prices are down 47.2% from last month, sitting at an average sale price of $308,375. The HonestDoor Price of $355,303 is actually dipping below the 3-month moving average of $357,703. That's the market telling us it's cooling off.

• Average sale price: $308,375 (down 47.2% from last month)
• Average list price this month: $319,425
• Price per square foot: $323
• Condos are selling at 96.49% of list price
• Average days on market: 64
• Properties sold this period: 4 (down 20.0% from last month)
• Estimated monthly rent: $1,718 with a 4.11% rental yield
• Growth rank: 97 out of 216 neighbourhoods in Calgary - still above average, but the days-on-market rank of 53 out of 72 tells us condos are sitting longer than most of the city

Condos here are taking 64 days to sell - longer than nearby Sunnyside at 62 days and Chinatown at 56 days. Buyers have options and they know it. If you're a condo owner, pricing sharp from day one is not optional right now, it's the whole strategy.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the thing about your city assessment - it's a snapshot taken months ago, using data that's even older than that. It doesn't know what happened on your street last Tuesday. The HonestDoor Price is updated in real time, pulling from actual market activity as it happens.

For houses in Crescent Heights, the average city assessed value is $902,067. The average HonestDoor Price is $906,367. That's a $4,300 difference - and it's 0.48% higher than the city's average assessed value across Calgary. For condos, the gap is even bigger. The average assessed value is $317,144, but the HonestDoor Price is $354,884. That's 11.90% higher than what the city has on the books.

If you're making any financial decision - refinancing, selling, even just understanding your net worth - using the city's number is like navigating with last year's map. The HonestDoor Price is the real-world check that tells you where things actually stand today.

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

For house owners, the case for selling this summer is solid. Prices are trending up, the HonestDoor Price is climbing past the 3-month average, and buyers are still paying 98 cents on every dollar of asking price. You're not leaving a lot on the table. With 1,220 houses assessed in the neighbourhood and 69 total transactions recorded in 2026, there's real activity here - not just noise.

For condo owners, the honest answer is that timing matters more right now. Prices have softened, days on market are creeping up, and nearby neighbourhoods like Eau Claire (HonestDoor Price $478,526) and Sunnyside ($468,678) are priced significantly higher - which means buyers shopping in that range have other options. If you need to sell this summer, price it to move and move it fast. If you can wait, watch the 3-month trend and see if that $355,303 HonestDoor Price starts climbing back toward the moving average.

Either way, the first step is knowing your real number. Check your HonestDoor Price before you call an agent, before you set a list price, and definitely before you rely on whatever the city mailed you last spring.

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.