Evergreen, Red Deer - July 2026 Real Estate Report

Evergreen, Red Deer: Prices Are Holding Steady - But Homes Are Taking a While to Sell

The Vibe Right Now

If you've been watching the "For Sale" signs in Evergreen, here's what's actually happening. The market is stable - not on fire, not in freefall. Houses are averaging a sale price of $564,400, and listings are sitting at $699,900 on average. That gap matters. Buyers are negotiating, and sellers are meeting them closer to the middle.

The sale-to-list ratio is 98.37%, which means buyers are paying just below asking. We're in a buyers' market here - calm, measured, and not panicked. Only 2 houses sold recently, and they took an average of 144 days to move. That's a long time. If you're a seller, patience isn't optional right now - it's the strategy.

• Average sale price (Houses): $564,400
• Average list price: $699,900
• Price per square foot: $346
• Sale-to-list ratio: 98.37%
• Average days on market: 144 days
• Properties sold: 2

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 what happened on your street last week. The HonestDoor Price does.

Right now, the average HonestDoor Price for homes in Evergreen is $605,660 - up 0.08% from the previous period. The predicted market value sits at $605,187, which is ticking upward from the 3-month moving average of $604,440. That's a real-time read on what your home is actually worth today, not what a government office decided it was worth last year.

If you're making any financial decision - refinancing, selling, even just curious - your HonestDoor Price is the number to check first. It's the real-world check that your tax assessment simply can't give you.

• HonestDoor Price: $605,660 (up 0.08%)
• Predicted market value: $605,187
• 3-month moving average: $604,440
• Recent value change: 0.57%

The Neighbourhood Leaderboard

Evergreen punches above its weight in Red Deer. On growth, we rank 8 out of 80 neighbourhoods - that puts us in the top 10% of the city. On price, we rank 7 out of 58, meaning Evergreen is among the most expensive addresses in Red Deer. That's not an accident. People want to be here.

Days-on-market is the honest asterisk though. We rank 34 out of 34 for how fast homes sell - dead last. Homes are sitting. That's the trade-off right now. High value, slow velocity.

Compare us to the neighbours. Emerson is cheaper at a predicted value of $492,620. Garden Heights comes in slightly above us at $693,801. And Three Mile Bend Recreation Area is in a different league entirely at $1,474,157 - that's a different buyer pool altogether.

• Growth rank: 8 out of 80 in Red Deer (top 10%)
• Price rank: 7 out of 58 in Red Deer
• Days-on-market rank: 34 out of 34 (slowest in its category)
• Emerson nearby: HD Price $508,180, Rental $2,480
• Garden Heights nearby: HD Price $693,801, Rental $3,194
• Three Mile Bend Recreation Area nearby: HD Price $1,474,157, Rental $4,880

The Rental and Airbnb Angle

If you're thinking about holding rather than selling, the numbers are worth a look. The average rental estimate is $2,885 per month, with a rental yield of 5.43%. That's a strong return. For context, a yield above 5% in a stable neighbourhood is genuinely good - it means the rent covers more than just the mortgage.

Airbnb is a smaller story here. At roughly $143-$144 per night, and an Airbnb rank of 30 in Red Deer, it's not a standout short-term rental market. Long-term tenants are the smarter play in Evergreen right now.

• Average rental estimate: $2,885/month
• Rental yield: 5.43%
• Airbnb estimate: $143-$144/night
• Airbnb rank in Red Deer: 30

The So What - Should You Sell This Summer?

Straight talk: Evergreen is a high-value neighbourhood with slow sales right now. If you need to sell fast, this market will test your patience. Homes are averaging 144 days on market. That's nearly five months.

But if you can wait and price it right, you're sitting on a top-10% growth neighbourhood in Red Deer with a HonestDoor Price above $605,000. That's real equity. The buyers who are shopping right now are serious - they're not browsing, they're deciding. Price it at the HonestDoor Price, not at the listing average of $699,900, and you'll close the gap faster.

The worst move right now is overpricing and sitting. The best move is knowing exactly what your home is worth today - and that starts with checking your HonestDoor Price before you call anyone.

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.