Crescent Heights, Calgary - July 2026 Real Estate Report

Crescent Heights Real Estate Update: Steady Street, Mixed Signals

If you live in Crescent Heights and you haven't checked your home's actual market value lately, now is the time. The city's assessment and what buyers will actually pay are telling two very different stories right now - and knowing the difference could be worth real money.

The Vibe: What's Happening on Our Streets

Crescent Heights is holding its ground. With 1,220 houses and 1,464 condos assessed this year, we're a well-established neighbourhood with serious transaction volume. But the house and condo markets are moving in opposite directions, so let's break it down.

Houses: Taking a Breather

The house market is cooling off. Average sale prices came in at $599,986 this month - down 21.2% from last month. That's a notable dip. Only 7 houses sold, and buyers are paying about 98.1% of list price, meaning sellers are giving a little ground. Properties are moving in around 17 days, which is still reasonably quick, but the direction of prices is something to watch.

• Average sale price: $599,986
• Price per square foot: $609
• Average days on market: 17
• Sale-to-list ratio: 98.10% - buyers are negotiating
• HonestDoor Price (houses): $901,015
• 3-month moving average: $889,050 - trending up
• Rental yield: 5.01% - strong for landlords
• Estimated rent: $3,792 per month
• Growth rank: 76 out of 233 Calgary neighbourhoods - above average

Here's the thing about that growth rank - 76 out of 233 puts us in the top third of Calgary neighbourhoods for value growth. That's a real leaderboard win, even if this month's sales numbers look soft. The predicted market value of $901,015 is also climbing past the 3-month average, which tells us the underlying value story is still positive.

Condos: Active Market, Softer Prices

The condo side saw 5 sales this month, down 37.5% from last month. Properties are sitting on the market for about 23 days and selling at 97.73% of list price. Buyers have options and they know it. That said, our condo price rank of 69 out of 173 Calgary neighbourhoods puts us above average - we're not a bargain-bin market.

• Average sale price: $583,500
• Price per square foot: $414
• Average days on market: 23
• Sale-to-list ratio: 97.73% - buyers have some leverage
• HonestDoor Price (condos): $355,303 - up from 3-month average of $357,950
• Rental yield: 4.11% - moderate but decent
• Estimated rent: $1,725 per month
• Growth rank: 105 out of 216 Calgary neighbourhoods - above average

One number stands out here. The average assessed value for condos is $317,144, but the HonestDoor Price is $355,303 - that's 12.03% higher than what the city thinks your condo is worth. If you're a condo owner making any financial decisions based on your tax assessment, you're working with a number that's significantly out of date.

The Secret Sauce: Your HonestDoor Price vs. the City's Assessment

Here's the honest truth about government assessments - they're a snapshot from the past. The city assesses thousands of properties at once, using data that can be months or even over a year old by the time it lands in your mailbox. It's not built to reflect what's happening on the ground right now.

The HonestDoor Price is updated in real time using actual market activity. For houses in Crescent Heights, the HonestDoor Price of $901,015 is nearly identical to the assessed value of $902,067 - which actually means the assessment is reasonably current for houses right now. But for condos, that 12.03% gap between the assessed value ($317,144) and the HonestDoor Price ($355,303) is significant. If you own a condo here and you're thinking about refinancing, selling, or even just understanding your net worth, the HonestDoor Price is the number that reflects today's reality - not last year's paperwork.

Think of it this way - the assessment tells you what your home was worth when the city last looked. The HonestDoor Price tells you what it's worth right now.

The So What: Should You Sell This Summer?

If you own a house in Crescent Heights and you're thinking about selling, the timing conversation is real. Monthly sale prices dropped hard in the most recent data, and with only 7 transactions, the sample is thin - one or two outlier sales can swing the average. The underlying HonestDoor Price is strong at $901,015 and trending up from the 3-month average. That's your anchor number. If you price strategically and present well, there's still a solid market here. But don't expect a bidding war right now. Buyers are paying just under list price and they're doing their homework.

If you own a condo and you're thinking about selling, the picture is more cautious. Fewer sales, longer days on market, and a slight dip in the HonestDoor Price of 0.87% from the previous period. The condo market is a buyers' market right now. That doesn't mean you can't sell - it means you need to price it right from day one. Overpricing and then chasing the market down is the worst move you can make in this environment.

For both property types, here's the bottom line for summer sellers - check your HonestDoor Price before you do anything else. It's free, it's current, and it's the most accurate read on what your Crescent Heights home is actually worth today. That number is your starting point for every conversation with your agent, your bank, or your family around the kitchen table.

How We Stack Up Against the Neighbours

• Chinatown houses: HonestDoor Price $1,554,324 - significantly higher priced than us
• Sunnyside houses: HonestDoor Price $853,058 - cheaper than us, growing at 0.03% vs. our 0.01%
• Eau Claire houses: HonestDoor Price $858,012 - cheaper than us
• Sunnyside condos: HonestDoor Price $473,244 - much higher than our $355,303
• Eau Claire condos: HonestDoor Price $466,328 - much higher, and growing faster at 0.07%

Crescent Heights sits in a comfortable middle ground for houses - not the priciest block in the area, but well above Sunnyside and Eau Claire. For condos, we're actually the most affordable option among these neighbours, which makes us worth a look for buyers who want into this part of the city without paying Eau Claire or Sunnyside prices.

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.