Crescent Heights, Calgary - September 2026 Real Estate Report

Crescent Heights Real Talk: Your Home Is Worth More Than the City Thinks

If you live in Crescent Heights and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The city's assessment is one number. What buyers are actually paying - and what the market is doing right now - is a different story.

The Vibe: What's Happening on Our Streets Right Now

Crescent Heights is a neighbourhood in two minds at the moment. Houses and condos are telling slightly different stories, and if you own either one, it pays to know which chapter you're in.

Houses: Solid Ground, But the Market Is Taking a Breather

If you've been watching the "For Sale" signs in Crescent Heights, here's what's actually happening with houses right now.

• Average sale price this month: $635,738 - down 17.6% from last month
• Average list price: $767,225
• Price per square foot: $628
• Homes are selling at 96.22% of list price - buyers are negotiating, and winning
• 5 properties sold this month - up 25% from last month
• Average days on market: 61 days
• HonestDoor predicted market value: $905,944
• 3-month moving average: $902,422 - values are trending up
• Estimated monthly rent: $3,804 with a 5.00% rental yield
• 74 total transactions recorded in 2026

That sale price drop sounds alarming, but context matters. We're seeing fewer, lower-priced homes close this month - not a neighbourhood in freefall. The HonestDoor predicted value of $905,944 is actually climbing past the 3-month average of $902,422, which tells a calmer story than the monthly sales data suggests. Houses here are selling faster than in Chinatown (61 days vs. 71 days), but slower than Sunnyside (31 days). We're in the middle of the pack - not hot, not cold.

On the neighbourhood leaderboard, Crescent Heights houses rank 56 out of 238 Calgary neighbourhoods for growth. That puts us in the top quarter of the city. Not bad for a neighbourhood that some people overlook.

Condos: A Cooling Patch, But Still Above Average

The condo side of Crescent Heights is worth watching closely right now - especially if you're thinking about selling.

• Average sale price this month: $248,756 - down 19.3% from last month
• Average list price: $246,117
• Price per square foot: $314
• Properties sold at 96.56% of list price - again, buyers have leverage
• 9 condos sold this month
• Average days on market: 47 days
• HonestDoor predicted market value: $354,544
• 3-month moving average: $355,860 - values are dipping slightly
• Estimated monthly rent: $1,708 with a 4.11% rental yield
• 70 total transactions recorded in 2026

Condo values are nudging down - the predicted value of $354,544 sits just below the 3-month average of $355,860. It's a small dip, not a cliff. The rental yield of 4.11% is still a reasonable return for investors. And with 70 transactions already in 2026, there's real activity here. On the leaderboard, our condos rank 97 out of 216 Calgary neighbourhoods for growth - solidly above average. Price rank sits at 64 out of 175, meaning our condos are priced above most of the city.

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

Here's the thing about the city's assessed value - it's a snapshot taken months ago, using a formula that doesn't know what your renovated kitchen looks like or what a buyer paid for the house two doors down last week.

For houses in Crescent Heights, the average city assessment sits at $900,664. The average HonestDoor Price is $907,281 - already 0.73% higher, and it updated 0.21% just in the last period. For condos, the gap is even bigger. The average city assessment is $316,317. The HonestDoor Price is $344,300 - that's 8.85% higher than what the city thinks your unit is worth.

That gap is real money. If you're using your tax assessment to decide whether to sell, refinance, or even just understand your net worth, you're working with a number that's already behind. The HonestDoor Price is the real-world check - updated regularly, based on actual market movement, not a government formula that runs once a year.

The 'So What?': Should You Sell in Crescent Heights This Summer?

Straight answer - it depends on what you own and what you need.

If you own a house, the market is taking a breather but it's not broken. Buyers are negotiating, homes are sitting for about 61 days, and sale prices are coming in below list. That said, the HonestDoor predicted value of $905,944 is trending upward. If you price it right from day one - not based on wishful thinking or last year's comps - you can still get a strong result. Overpricing right now is the fastest way to sit on the market and end up chasing the price down.

If you own a condo, move with a bit more urgency. Values are dipping slightly, days on market are longer than nearby Sunnyside, and buyers know they have options. The good news - Crescent Heights condos are still priced above most of Calgary, and the rental demand is real at $1,708 per month. If you're not selling, renting is a legitimate play.

Either way, your first step is checking your HonestDoor Price today - not your tax assessment, not a neighbour's guess. Know your real number before you make any move.

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.