Evergreen, Red Deer - October 2026 Real Estate Report
Evergreen, Red Deer: Prices Are Up, But the Market Is Sending Mixed Signals
The Vibe Right Now
If you've been watching the "For Sale" signs in Evergreen, here's what's actually happening. The one house that sold last month closed at $705,500 - that's a 25% jump from the month before. Sounds exciting, right? Hold on. Only one property sold, which is down 50% from the previous month. One sale does not make a trend. Take that big number with a grain of salt.
Listings are sitting at an average ask of $719,999, and buyers are paying about 98 cents on the dollar - so sellers aren't getting everything they want, but they're getting close. Homes are spending around 28 days on market, which puts Evergreen in the faster-selling tier for Red Deer. That's a real positive for us here.
- Average sale price (houses): $705,500 - up 25% from last month
- Average list price: $719,999
- Sale-to-list ratio: 97.99% - buyers are paying just under ask
- Average days on market: 28 days
- Price per square foot: $347
- Properties sold: 1 - down 50% from last month
Where Evergreen Sits on the Neighbourhood Leaderboard
Here's the honest picture. On growth, Evergreen ranks 56 out of 80 neighbourhoods in Red Deer. That puts us in the below-average tier - the market here is taking a breather compared to faster-moving parts of the city. On price though, we rank 9 out of 58 - meaning Evergreen is among the most expensive neighbourhoods in Red Deer. High price, slower growth. That's the combo we're working with right now.
The speed stat is the bright spot. A days-on-market rank of 12 out of 41 means homes here move faster than most. If you price it right, it won't sit.
- Growth rank: 56 out of 80 - below average in Red Deer
- Days-on-market rank: 12 out of 41 - moderately fast-selling
- Price rank: 9 out of 58 - among the most expensive in Red Deer
- Predicted market value (houses): $590,500
- 3-month moving average: $603,402 - values are dipping slightly
- Recent value change: -3.83%
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment
Your city assessment is a snapshot from months ago. It doesn't know what sold on your street last week. The HonestDoor Price does. Right now, the average HonestDoor Price in Evergreen sits at $574,980 - and it's down 2.63% from the previous period. That's a real-world signal that the city's static assessment number on your tax bill is probably not telling you the full story.
Think of the HonestDoor Price as the number your neighbour's realtor would whisper to you over the fence. It's updated, it's based on actual market movement, and right now it's telling us that values have softened a little. If you're making any financial decision - refinancing, selling, or just figuring out where you stand - this is the number to start with, not the government's paperwork.
- Average HonestDoor Price: $574,980
- Change from previous period: -2.63%
- Average rental estimate: $2,773 per month
- Average Airbnb estimate: $138 per night
- Airbnb rank in Red Deer: 33
The "So What?" - Thinking About Selling This Summer?
Here's the straight talk. Evergreen is expensive relative to Red Deer, homes move reasonably fast, but values are sliding - down 3.83% recently and the 3-month trend is pointing lower. If you're thinking about selling this summer, waiting is not obviously your friend right now.
The rental yield on houses here is sitting at 5.47%. That's a solid number. If your summer sale plans fall through or you want a backup plan, holding and renting is a legitimate option - not a consolation prize.
For context, nearby Garden Heights is priced higher at $696,052 and Emerson is cheaper at $490,820. Evergreen sits in a comfortable middle ground - premium enough to attract serious buyers, but not so far out of reach that you're fishing in a tiny pond.
Bottom line - price it sharp, lean on the HonestDoor Price as your anchor, and don't let a stale tax assessment convince you your home is worth more or less than the market is actually saying today.
- Rental yield: 5.47% - strong returns if you hold
- Estimated rent: $2,827 per month
- Nearby comparison - Emerson: $490,820 - cheaper
- Nearby comparison - Garden Heights: $696,052 - more expensive
- Nearby comparison - Three Mile Bend Recreation Area: $1,419,757 - much higher priced
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.