Crestmont, Calgary - August 2026 Real Estate Report

Crestmont Real Estate Check-In: Your Neighbour's Honest Take

The Headline

Crestmont is holding its value better than most people think - but the market is definitely taking a breather. If you own here, there are some numbers you need to see before you make any moves this summer.

The Vibe: Houses vs. Condos

Houses

If you've been watching the "For Sale" signs in Crestmont, here's what's actually happening. The average house sold for $806,180 this past period - that's down 12.1% from last month. Before you panic, context matters: only 5 homes sold, which is down 37.5% from the month before. Low volume means one or two deals can swing the average hard. This isn't necessarily a crash; it's a thin market doing what thin markets do.

• Average sale price: $806,180
• Average list price: $821,738
• Sale-to-list ratio: 98.14% - buyers are getting a small discount
• Average days on market: 20 days
• Price per square foot: $355
• Properties sold: 5

Twenty days on market is actually a decent pace. Our houses rank 18th out of 77 Calgary neighbourhoods for speed of sale - that puts us in the faster half of the city. The price rank tells a similar story: 65th out of 220 neighbourhoods, meaning we sit above average for home values across Calgary. The growth rank is where we need to be honest - 131st out of 236. That puts us in the below-average tier right now. The neighbourhood is not leading the pack on appreciation, but it is not falling off a cliff either.

The predicted market value for a Crestmont house sits at $860,333, which is nudging up from the 3-month moving average of $857,906. That's a quiet but real signal that the floor is holding. If you own a house here and rent it out, a 4.95% rental yield on an estimated $3,784 per month is a solid, moderate return in this rate environment.

Condos

The condo story in Crestmont is a different conversation entirely. We are talking about one of the most expensive condo markets in Calgary - price rank 19th out of 175 neighbourhoods. That is top-tier territory. The average HonestDoor Price for a Crestmont condo is $902,503, up 5.80% from the previous period. That kind of jump is worth paying attention to.

• Average sale price: $555,000
• Average list price: $563,900
• Sale-to-list ratio: 98.42% - buyers are paying close to ask
• Average days on market: 29 days
• Price per square foot: $383
• Properties sold: 1

One sale is a very small sample, so take the "essentially unchanged" trend with a grain of salt. What we can say is that our condos are selling faster than nearby Greenwood Greenbriar at 33 days, which suggests demand is real. The predicted value of $853,000 is dipping slightly against the 3-month average of $866,178, so there is some softening in the forecast. The growth rank of 156th out of 216 puts condos in the below-average range for appreciation right now. Rental yield on condos comes in at 3.58% on an estimated $3,300 per month - moderate, but the Airbnb rank of 32nd in Calgary is genuinely strong if short-term rental is your play.

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

Here is the thing about your city tax assessment: it is a snapshot from months ago, calculated using broad formulas across thousands of properties. It does not know what sold on your street last week. It does not adjust in real time.

The average assessed value in Crestmont for houses sits at $842,866. The average HonestDoor Price is $852,379 - that is 1.13% higher than the city's number. For a home in this price range, that gap represents real money. The HonestDoor Price pulls from actual recent transaction data and updates continuously. It is the real-world check against a static government figure.

For condos, the gap is even more striking. The HonestDoor Price of $902,503 - up 5.80% - tells a very different story than any assessment that has been sitting still. If you are making a financial decision, whether that is refinancing, selling, or just understanding your net worth, you want the number that moves with the market, not the one that lags behind it.

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

Straight talk: this is not a seller's market right now, but it is not a bad time to sell either. It is a precise time to sell. Here is what that means for you.

Houses are moving in about 20 days when priced right. Buyers are paying 98.14% of list price, so there is a small negotiation gap, but it is not a fire sale situation. With only 5 sales last month, your listing will not get lost in a crowd. Less competition can work in your favour if your home is well-presented and priced accurately from day one.

The key word is accurately. With sale prices running below list price and the market taking a breather, overpricing is the fastest way to sit on the market and eventually take a bigger cut. Price it at or just under your HonestDoor Price and you are in the conversation. Price it based on a year-old assessment and you might be chasing the market down.

For condo owners, the picture is similar - one sale, 29 days on market, and buyers paying just under ask. The strong HonestDoor Price growth of 5.80% is encouraging, but with a growth rank of 156th, do not expect a bidding war. A clean, well-priced listing in a neighbourhood that ranks 19th for condo prices in Calgary still has real appeal to the right buyer.

Bottom line: Crestmont is a quality neighbourhood with above-average prices and a market that rewards smart pricing. Check your HonestDoor Price, know your real number, and if you are selling this summer, get ahead of the slower fall market. The window is open - just do not leave it open too long.

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.