Diamond Cove, Calgary - August 2026 Real Estate Report

Diamond Cove Is Holding Its Own - Here Is What Your Home Is Actually Worth Right Now

The Vibe on the Ground

If you live in Diamond Cove, you already know this neighbourhood does not move like the rest of Calgary. It is quiet, established, and the homes here carry real weight. Right now, the market is giving us a pretty clear picture - and it is worth paying attention to.

On the house side, we saw an average sale price of $1,050,000 this period, up 24% from last month. Before you get too excited, that jump is largely a reflection of low volume - only 1 property sold. But the direction is right. Listings are sitting at an average of $1,074,900, and homes are moving in about 23 days. That is faster than nearby Queensland, where properties are averaging 26 days on market. Buyers here are not sleeping on listings.

The price-per-square-foot is sitting around $379, and homes are selling at roughly 97.68% of list price. Buyers are getting a small discount off asking, but sellers are still commanding close to full value. That is a healthy dynamic for everyone on the street.

The Neighbourhood Leaderboard

Here is where Diamond Cove earns its stripes. On the Calgary neighbourhood growth leaderboard, we rank 65 out of 236 comparable neighbourhoods. That puts us in the above-average tier - not the flashiest number, but steady and reliable. For a mature neighbourhood, that kind of consistency is exactly what long-term owners want to see.

• Days-on-market rank: 21 out of 77 - properties here sell moderately fast compared to the rest of Calgary
• Price rank: 64 out of 220 - we sit above average in home values across the city
• Growth rank: 65 out of 236 - above average, holding ground in a competitive market
• Year-over-year neighbourhood growth: 0.06%
• Average assessed value: $905,772
• 270 properties assessed this year
• 10 total property transactions in 2026

How We Stack Up Against the Neighbours

Look at what is happening around us. Bonavista Downs is sitting at an average HonestDoor Price of $638,630 with 0.03% growth. Queensland comes in at $562,068 with 0.05% growth. Douglasdale Glen is at $735,483 with 0.03% growth. Every single neighbouring hood is cheaper and growing slower. Diamond Cove is the top of that local leaderboard, and that gap is not closing anytime soon.

The Secret Sauce - Your HonestDoor Price vs. That Government Assessment

Here is the thing most homeowners miss. The city's assessed value for Diamond Cove sits at an average of $905,772. That number was calculated using data that is already months old by the time it lands in your mailbox. It is a snapshot of the past, not a price you could actually get today.

The average HonestDoor Price right now is $893,555. It has moved up 0.92% from the previous period and is tracking 1.35% below the city's assessment. That gap matters. If you are making any financial decision - refinancing, selling, even just benchmarking your net worth - you want the number that reflects what a real buyer would pay today, not what a government formula calculated six months ago.

The HonestDoor Price is updated in real time using actual transaction data. It is the real-world check. The assessment is the government's best guess. For a home worth close to $900,000, a 1.35% difference is roughly $12,000. That is not a rounding error - that is a real number that affects real decisions.

The predicted market value for houses specifically lands at $885,413, which is trending upward from a 3-month moving average of $876,140. The trajectory is positive and the momentum is building slowly but consistently.

The So What - Should You Sell This Summer?

If you are thinking about listing this summer, here is the honest read. Demand is real - homes are moving in 23 days and buyers are paying close to asking. The average sale price is strong at $1,050,000 for houses. Inventory is thin, with only 1 sale recorded recently, which means a well-priced listing has room to stand out.

The rental picture also adds context for anyone weighing their options. The average rental estimate is $3,911 per month, with a rental yield of 4.89%. That is a moderate but respectable return if you are not ready to sell and want to hold the asset.

The short-term rental angle is less compelling here. The Airbnb estimate comes in around $194 per night, but Diamond Cove ranks 100th in Calgary for Airbnb potential. This neighbourhood is built for long-term owners and long-term renters - not vacation traffic.

Bottom line - if your plan is to sell this summer, the conditions are in your favour. Prices are above the city average, days on market are competitive, and every neighbourhood around you is cheaper. Pull your HonestDoor Price today so you walk into any conversation with an agent knowing exactly where you stand.

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.