Devonshire, Red Deer - October 2026 Real Estate Report
Devonshire, Red Deer: Your Neighbour Just Got a Better Offer Than You Think
If you own a home in Devonshire and you haven't checked your property value lately, you might be working off a number that's already out of date. Here's the real picture - no fluff, no spin.
The Vibe: What's Actually Happening in Devonshire Right Now
Let's break it down by property type, because houses and condos are telling two very different stories right now.
Houses - Taking a Breather
We've seen some softening on the house side. The average sale price sits at $430,000, which is down 4.1% from last month. Homes are selling at about 97.87% of list price, so buyers are getting a small discount but not a steal. The average days on market is 37, which means if you list, plan for a little patience.
- Average HonestDoor Price: $437,800 (up 1.06% from the previous period)
- Average sale price: $430,000
- Average listing price: $437,450
- Price per square foot: $375
- Sale-to-list ratio: 97.87%
- Average days on market: 37
- Properties sold in 2026: 39 total transactions
- Estimated monthly rent: $2,246
- Rental yield: 5.76% - that's a strong return
- Neighbourhood growth rank: 43 out of 80 in Red Deer (below average on the leaderboard)
The 3-month moving average for predicted value is $442,904, and the current predicted value of $433,211 is sitting below that. Prices have dipped 3.29% recently. We're not in freefall - but the trend is worth watching if you're thinking about timing a sale.
How does Devonshire stack up against the neighbours? Lonsdale houses average $469,976 and Deer Park Estates come in at $474,630. So we're priced a bit below both. Davenport at $429,196 is the only one cheaper than us right now.
Condos - The Quiet Overachiever
Here's where it gets interesting. The condo market in Devonshire is actually moving fast. One condo sold in an average of just 2 days. That's not a typo. Two days on market puts us at rank 1 out of 26 comparable neighbourhoods in Red Deer for speed. Condos here are not sitting around.
- Average HonestDoor Price: $272,940 (down a slight 0.50%)
- Average sale price: $195,000
- Average listing price: $214,444
- Price per square foot: $250
- Sale-to-list ratio: 90.93%
- Average days on market: 2
- Properties sold in 2026: 4 total transactions
- Estimated monthly rent: $1,468
- Rental yield: 4.23% - moderate but solid
- Neighbourhood growth rank: 17 out of 72 in Red Deer (above average on the leaderboard)
The predicted condo value of $274,319 is actually climbing above the 3-month moving average of $266,812. Values are up 4.04% recently. That's the condo side of Devonshire quietly outperforming a lot of the city. Worth paying attention to if you own one.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know that house prices in Devonshire dipped 3.29% recently. It doesn't know that condo values are ticking up 4.04%. It's basically a photo from last year telling you what you look like today.
The HonestDoor Price is updated in real time using actual transaction data, current listings, and live market signals. For houses, that number is $437,800 right now. For condos, it's $272,940. These aren't guesses - they're calculated from what's actually selling in your neighbourhood and around it.
If you're a homeowner in Devonshire and you're making any financial decision - refinancing, selling, even just understanding your net worth - your HonestDoor Price is the number to start with. Not the assessment notice sitting in your kitchen drawer.
The So What - Should You Sell in Devonshire This Summer?
Honest answer: it depends on what you own.
If you own a house, the market is taking a breather. Prices are softer than they were 90 days ago, and buyers know it. You can still sell - 39 transactions in 2026 shows there's real activity here - but you need to price it right from day one. Overpricing right now means sitting for 37-plus days and likely coming down anyway. A sharp list price close to that $437,450 average is your best play.
If you own a condo, the story is different. Condos are moving in 2 days and the predicted value is rising. If you've been on the fence, this summer might actually be your window before that momentum shifts. The growth rank of 17 out of 72 puts Devonshire condos in the top quarter of Red Deer neighbourhoods right now.
Either way, the smartest first step is checking your HonestDoor Price today - not next month, not when the next assessment comes out. The market is moving, and the number on your property is moving with it.
devonshire | red deer | 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.